Acorah Software Products - Accounts Production 16.1.200 false true true 30 September 2023 1 October 2022 false 1 October 2023 30 September 2024 30 September 2024 SC641764 J W Powley M Ganjaei iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure SC641764 2023-09-30 SC641764 2024-09-30 SC641764 2023-10-01 2024-09-30 SC641764 frs-core:CurrentFinancialInstruments 2024-09-30 SC641764 frs-core:Non-currentFinancialInstruments 2024-09-30 SC641764 frs-core:ComputerEquipment 2024-09-30 SC641764 frs-core:ComputerEquipment 2023-10-01 2024-09-30 SC641764 frs-core:ComputerEquipment 2023-09-30 SC641764 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-09-30 SC641764 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-10-01 2024-09-30 SC641764 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-09-30 SC641764 frs-core:MotorVehicles 2024-09-30 SC641764 frs-core:MotorVehicles 2023-10-01 2024-09-30 SC641764 frs-core:MotorVehicles 2023-09-30 SC641764 frs-core:PlantMachinery 2024-09-30 SC641764 frs-core:PlantMachinery 2023-10-01 2024-09-30 SC641764 frs-core:PlantMachinery 2023-09-30 SC641764 frs-core:WithinOneYear 2024-09-30 SC641764 frs-core:ShareCapital 2024-09-30 SC641764 frs-core:RetainedEarningsAccumulatedLosses 2024-09-30 SC641764 frs-bus:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 SC641764 frs-bus:FilletedAccounts 2023-10-01 2024-09-30 SC641764 frs-bus:SmallEntities 2023-10-01 2024-09-30 SC641764 frs-bus:AuditExempt-NoAccountantsReport 2023-10-01 2024-09-30 SC641764 frs-bus:SmallCompaniesRegimeForAccounts 2023-10-01 2024-09-30 SC641764 frs-bus:Director1 2023-10-01 2024-09-30 SC641764 frs-bus:Director2 2023-10-01 2024-09-30 SC641764 frs-countries:Scotland 2023-10-01 2024-09-30 SC641764 2022-09-30 SC641764 2023-09-30 SC641764 2022-10-01 2023-09-30 SC641764 frs-core:CurrentFinancialInstruments 2023-09-30 SC641764 frs-core:Non-currentFinancialInstruments 2023-09-30 SC641764 frs-core:MotorVehicles 2022-10-01 2023-09-30 SC641764 frs-core:WithinOneYear 2023-09-30 SC641764 frs-core:ShareCapital 2023-09-30 SC641764 frs-core:RetainedEarningsAccumulatedLosses 2023-09-30
Registered number: SC641764
Stewarton Farms Ltd
Unaudited Financial Statements
For The Year Ended 30 September 2024
Future Cloud Accounting Limited
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: SC641764
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 2,765,659 2,975,100
2,765,659 2,975,100
CURRENT ASSETS
Debtors 5 39,622 71,285
Cash at bank and in hand 97,516 55,703
137,138 126,988
Creditors: Amounts Falling Due Within One Year 6 (1,023,305 ) (1,044,711 )
NET CURRENT ASSETS (LIABILITIES) (886,167 ) (917,723 )
TOTAL ASSETS LESS CURRENT LIABILITIES 1,879,492 2,057,377
Creditors: Amounts Falling Due After More Than One Year 7 (2,170,009 ) (2,450,005 )
PROVISIONS FOR LIABILITIES
Deferred Taxation 9 - (82,196 )
NET LIABILITIES (290,517 ) (474,824 )
CAPITAL AND RESERVES
Called up share capital 10 2 2
Profit and Loss Account (290,519 ) (474,826 )
SHAREHOLDERS' FUNDS (290,517) (474,824)
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Page 2
For the year ending 30 September 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
M Ganjaei
Director
09/01/2025
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Stewarton Farms Ltd is a private company, limited by shares, incorporated in Scotland, registered number SC641764 . The registered office is 36 Middlewood Park, Deans, Livingston, Scotland, EH54 8AZ.
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. Going Concern Disclosure
The directors have identified material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern, however, the going concern basis remains appropriate.
2.3. 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.
2.4. 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 2% on cost and No Depreciation
Plant & Machinery 25% Reducing Balance
Motor Vehicles 25% Reducing Balance
Computer Equipment 33% Straight Line
2.5. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
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2.6. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
2.7. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 1)
2 1
4. Tangible Assets
Land & Property
Freehold Plant & Machinery Motor Vehicles Computer Equipment Total
£ £ £ £ £
Cost
As at 1 October 2023 2,323,995 1,147,984 41,211 1,541 3,514,731
Additions - 3,137 - - 3,137
Disposals (52 ) - (1,500 ) - (1,552 )
As at 30 September 2024 2,323,943 1,151,121 39,711 1,541 3,516,316
Depreciation
As at 1 October 2023 38,294 493,135 6,831 1,371 539,631
Provided during the period 38,294 164,235 8,595 153 211,277
Disposals (2 ) - (249 ) - (251 )
As at 30 September 2024 76,586 657,370 15,177 1,524 750,657
Net Book Value
As at 30 September 2024 2,247,357 493,751 24,534 17 2,765,659
As at 1 October 2023 2,285,701 654,849 34,380 170 2,975,100
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Included above are assets held under finance leases or hire purchase contracts with a net book value as follows:
2024 2023
£ £
Motor Vehicles 24,534 -
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors - 26,309
Other debtors 39,622 44,976
39,622 71,285
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 31,711 -
Trade creditors - 49,361
Bank loans and overdrafts 279,996 279,996
Other creditors 695,457 696,526
Taxation and social security 16,141 18,828
1,023,305 1,044,711
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 2,170,009 2,450,005
8. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year 31,711 -
9. Deferred Taxation
The provision for deferred tax is made up as follows:
2024 2023
£ £
Other timing differences - 82,196
10. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 2 2
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