Acorah Software Products - Accounts Production 16.0.110 false true 28 February 2023 1 March 2022 false 1 March 2023 29 February 2024 29 February 2024 SC471134 Mrs A A Anderson Mr E J Fryer Mr E J Fryer iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure SC471134 2023-02-28 SC471134 2024-02-29 SC471134 2023-03-01 2024-02-29 SC471134 frs-core:CurrentFinancialInstruments 2024-02-29 SC471134 frs-core:Non-currentFinancialInstruments 2024-02-29 SC471134 frs-core:ComputerEquipment 2023-03-01 2024-02-29 SC471134 frs-core:FurnitureFittings 2023-03-01 2024-02-29 SC471134 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-02-29 SC471134 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-03-01 2024-02-29 SC471134 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-02-28 SC471134 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-02-29 SC471134 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-03-01 2024-02-29 SC471134 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-02-28 SC471134 frs-core:MotorVehicles 2024-02-29 SC471134 frs-core:MotorVehicles 2023-03-01 2024-02-29 SC471134 frs-core:MotorVehicles 2023-02-28 SC471134 frs-core:PlantMachinery 2024-02-29 SC471134 frs-core:PlantMachinery 2023-03-01 2024-02-29 SC471134 frs-core:PlantMachinery 2023-02-28 SC471134 frs-core:ShareCapital 2024-02-29 SC471134 frs-core:RetainedEarningsAccumulatedLosses 2024-02-29 SC471134 frs-bus:PrivateLimitedCompanyLtd 2023-03-01 2024-02-29 SC471134 frs-bus:FilletedAccounts 2023-03-01 2024-02-29 SC471134 frs-bus:SmallEntities 2023-03-01 2024-02-29 SC471134 frs-bus:AuditExempt-NoAccountantsReport 2023-03-01 2024-02-29 SC471134 frs-bus:SmallCompaniesRegimeForAccounts 2023-03-01 2024-02-29 SC471134 frs-bus:Director1 2023-03-01 2024-02-29 SC471134 frs-bus:Director2 2023-03-01 2024-02-29 SC471134 frs-bus:CompanySecretary1 2023-03-01 2024-02-29 SC471134 frs-countries:Scotland 2023-03-01 2024-02-29 SC471134 2022-02-28 SC471134 2023-02-28 SC471134 2022-03-01 2023-02-28 SC471134 frs-core:CurrentFinancialInstruments 2023-02-28 SC471134 frs-core:Non-currentFinancialInstruments 2023-02-28 SC471134 frs-core:ShareCapital 2023-02-28 SC471134 frs-core:RetainedEarningsAccumulatedLosses 2023-02-28
Registered number: SC471134
Fryers Records Limited
Unaudited Financial Statements
For The Year Ended 29 February 2024
Sense Accounting Limited
36 Bruntsfield Place
Edinburgh
EH10 4HJ
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: SC471134
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 257,249 256,280
257,249 256,280
CURRENT ASSETS
Stock 5 5,400 5,400
Debtors 6 1,734 2,752
Cash at bank and in hand 1,345 865
8,479 9,017
Creditors: Amounts Falling Due Within One Year 7 (148,657 ) (79,514 )
NET CURRENT ASSETS (LIABILITIES) (140,178 ) (70,497 )
TOTAL ASSETS LESS CURRENT LIABILITIES 117,071 185,783
Creditors: Amounts Falling Due After More Than One Year 8 (142,297 ) (154,755 )
NET (LIABILITIES)/ASSETS (25,226 ) 31,028
CAPITAL AND RESERVES
Called up share capital 9 100 100
Profit and Loss Account (25,326 ) 30,928
SHAREHOLDERS' FUNDS (25,226) 31,028
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For the year ending 29 February 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr E J Fryer
Director
26 November 2024
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Fryers Records Limited is a private company, limited by shares, incorporated in Scotland, registered number SC471134 . The registered office is 48 Silverknowes Road Silverknowes Road, Edinburgh, EH4 5LF.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Freehold No Depreciation
Leasehold 10% Straight line
Plant & Machinery 10-25% Straight line and reducing balance
Motor Vehicles 33.3% Reducing balance
Fixtures & Fittings 10% Straight line
Computer Equipment 25% Reducing balance
2.4. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2023: 1)
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4. Tangible Assets
Land & Property
Freehold Leasehold Plant & Machinery Motor Vehicles Total
£ £ £ £ £
Cost
As at 1 March 2023 176,967 31,553 99,476 47,935 355,931
Additions - - 24,813 - 24,813
As at 29 February 2024 176,967 31,553 124,289 47,935 380,744
Depreciation
As at 1 March 2023 - 17,416 55,015 27,220 99,651
Provided during the period - 3,156 13,784 6,904 23,844
As at 29 February 2024 - 20,572 68,799 34,124 123,495
Net Book Value
As at 29 February 2024 176,967 10,981 55,490 13,811 257,249
As at 1 March 2023 176,967 14,137 44,461 20,715 256,280
5. Stock
2024 2023
£ £
Finished goods 5,400 5,400
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors - 771
Prepayments and accrued income 1,734 1,981
1,734 2,752
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7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 18,375 287
Bank loans and overdrafts 24,923 12,195
Corporation tax 4,066 4,189
Other taxes and social security 8,871 1,787
VAT 11,833 9,578
Other creditors 13,252 15,540
Accruals and deferred income - 900
Directors' loan accounts 53,297 18,388
Amounts owed to related parties 14,040 16,650
148,657 79,514
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 142,297 154,755
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
10. Related Party Transactions
As at 29 February 2024, Fryer Records Limited owed East Side Yoga £14,040 (2023: £16,650). East Side Yoga Limited is a company with common directors. 
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