Acorah Software Products - Accounts Production 16.0.110 false true 31 March 2023 1 April 2022 false 1 April 2023 31 March 2024 31 March 2024 SC567005 Mr Duncan MacKenzie Mr Ronald Young Mr Stefano Pia Mr Matthew Grist Ms Sheila Currie Mr David Stewart Mrs Phoebe Fox Fiona Deakin Mr Matthew Hall iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure SC567005 2023-03-31 SC567005 2024-03-31 SC567005 2023-04-01 2024-03-31 SC567005 frs-core:CurrentFinancialInstruments 2024-03-31 SC567005 frs-core:Non-currentFinancialInstruments 2024-03-31 SC567005 frs-core:ComputerEquipment 2024-03-31 SC567005 frs-core:ComputerEquipment 2023-04-01 2024-03-31 SC567005 frs-core:ComputerEquipment 2023-03-31 SC567005 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-03-31 SC567005 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 SC567005 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-03-31 SC567005 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 SC567005 frs-bus:CompanyLimitedByGuarantee 2023-04-01 2024-03-31 SC567005 frs-bus:FilletedAccounts 2023-04-01 2024-03-31 SC567005 frs-bus:SmallEntities 2023-04-01 2024-03-31 SC567005 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 SC567005 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 SC567005 frs-bus:Director1 2023-04-01 2024-03-31 SC567005 frs-bus:Director2 2023-04-01 2024-03-31 SC567005 frs-bus:Director3 2023-04-01 2024-03-31 SC567005 frs-bus:Director4 2023-04-01 2024-03-31 SC567005 frs-bus:Director5 2023-04-01 2024-03-31 SC567005 frs-bus:Director6 2023-04-01 2024-03-31 SC567005 frs-bus:Director7 2023-04-01 2024-03-31 SC567005 frs-bus:Director8 2023-04-01 2024-03-31 SC567005 frs-bus:Director9 2023-04-01 2024-03-31 SC567005 frs-countries:Scotland 2023-04-01 2024-03-31 SC567005 2022-03-31 SC567005 2023-03-31 SC567005 2022-04-01 2023-03-31 SC567005 frs-core:CurrentFinancialInstruments 2023-03-31 SC567005 frs-core:Non-currentFinancialInstruments 2023-03-31 SC567005 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31
Registered number: SC567005
Cromarty Community Development Trust
Financial Statements
For The Year Ended 31 March 2024
Gareth Jones Compliance Ltd
Chartered Certified Accountants
3 Wyvis Drive
Balloch
Inverness
IV2 7HP
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: SC567005
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 232,819 86,228
232,819 86,228
CURRENT ASSETS
Debtors 5 93 13,924
Cash at bank and in hand 23,638 8,972
23,731 22,896
Creditors: Amounts Falling Due Within One Year 6 (17,236 ) (17,685 )
NET CURRENT ASSETS (LIABILITIES) 6,495 5,211
TOTAL ASSETS LESS CURRENT LIABILITIES 239,314 91,439
Creditors: Amounts Falling Due After More Than One Year 7 (220,731 ) (74,052 )
NET ASSETS 18,583 17,387
Income and Expenditure Account 18,583 17,387
MEMBERS' FUNDS 18,583 17,387
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Page 2
For the year ending 31 March 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 Income and Expenditure Account.
On behalf of the board
Mr Matthew Hall
Director
09/10/2024
The notes on pages 3 to 4 form part of these financial statements.
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Page 3
Notes to the Financial Statements
1. General Information
Cromarty Community Development Trust is a private company, limited by guarantee, incorporated in Scotland, registered number SC567005 . The registered office is Cromarty Post Office, Bank Street, Cromarty, Ross-Shire, IV11 8UY.
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 0% on cost
Computer Equipment 33% on cost
2.4. Government Grant
Government grants are recognised in the income and expenditure account in an appropriate manner that matches them with the expenditure towards which they are intended to contribute.
Grants for immediate financial support or to cover costs already incurred are recognised immediately in the income and expenditure account. Grants towards general activities of the entity over a specific period are recognised in the income and expenditure account over that period.
Grants towards fixed assets are recognised over the expected useful lives of the related assets and are treated as deferred income and released to the income and expenditure account over the useful life of the asset concerned.
All grants in the income and expenditure account are recognised when all conditions for receipt have been complied with.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 3 (2023: 1)
3 1
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4. Tangible Assets
Land & Property
Freehold Computer Equipment Total
£ £ £
Cost
As at 1 April 2023 86,052 264 86,316
Additions 146,679 - 146,679
As at 31 March 2024 232,731 264 232,995
Depreciation
As at 1 April 2023 - 88 88
Provided during the period - 88 88
As at 31 March 2024 - 176 176
Net Book Value
As at 31 March 2024 232,731 88 232,819
As at 1 April 2023 86,052 176 86,228
5. Debtors
2024 2023
£ £
Due within one year
VAT 93 13,924
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Other taxes and social security 1,089 -
Pension Due 230 115
Other creditors 13,000 13,000
Accruals and deferred income 565 565
Other grants 2,352 4,005
17,236 17,685
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Capital grants 220,731 74,052
8. Company limited by guarantee
The company is limited by guarantee and has no share capital.
Every member of the company undertakes to contribute to the assets of the company, in the event of a winding up, such an amount as may be required not exceeding £1.
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