Acorah Software Products - Accounts Production 16.1.300 false true false 1 May 2023 30 April 2024 30 April 2024 SC730108 Mr Sean Condon iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure SC730108 2023-04-30 SC730108 2024-04-30 SC730108 2023-05-01 2024-04-30 SC730108 frs-core:CurrentFinancialInstruments 2024-04-30 SC730108 frs-core:Non-currentFinancialInstruments 2024-04-30 SC730108 frs-core:ComputerEquipment 2024-04-30 SC730108 frs-core:ComputerEquipment 2023-05-01 2024-04-30 SC730108 frs-core:ComputerEquipment 2023-04-30 SC730108 frs-core:FurnitureFittings 2024-04-30 SC730108 frs-core:FurnitureFittings 2023-05-01 2024-04-30 SC730108 frs-core:FurnitureFittings 2023-04-30 SC730108 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-05-01 2024-04-30 SC730108 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 SC730108 frs-core:MotorVehicles 2024-04-30 SC730108 frs-core:MotorVehicles 2023-05-01 2024-04-30 SC730108 frs-core:MotorVehicles 2023-04-30 SC730108 frs-core:PlantMachinery 2024-04-30 SC730108 frs-core:PlantMachinery 2023-05-01 2024-04-30 SC730108 frs-core:PlantMachinery 2023-04-30 SC730108 frs-core:OtherReservesSubtotal 2024-04-30 SC730108 frs-core:ShareCapital 2024-04-30 SC730108 frs-core:RetainedEarningsAccumulatedLosses 2024-04-30 SC730108 frs-bus:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 SC730108 frs-bus:FilletedAccounts 2023-05-01 2024-04-30 SC730108 frs-bus:SmallEntities 2023-05-01 2024-04-30 SC730108 frs-bus:AuditExempt-NoAccountantsReport 2023-05-01 2024-04-30 SC730108 frs-bus:SmallCompaniesRegimeForAccounts 2023-05-01 2024-04-30 SC730108 frs-bus:Director1 2023-05-01 2024-04-30 SC730108 frs-countries:Scotland 2023-05-01 2024-04-30
Registered number: SC730108
Scotia Premium Seafood Ltd
Unaudited Financial Statements
For The Year Ended 30 April 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: SC730108
2024
Notes £ £
FIXED ASSETS
Tangible Assets 4 22,656
22,656
CURRENT ASSETS
Debtors 5 1,407
Cash at bank and in hand 8,965
10,372
Creditors: Amounts Falling Due Within One Year 6 (25,828 )
NET CURRENT ASSETS (LIABILITIES) (15,456 )
TOTAL ASSETS LESS CURRENT LIABILITIES 7,200
Creditors: Amounts Falling Due After More Than One Year 7 (1,200 )
NET ASSETS 6,000
CAPITAL AND RESERVES
Called up share capital 8 1
Other reserves 41,031
Profit and Loss Account (35,032 )
SHAREHOLDERS' FUNDS 6,000
Page 1
Page 2
For the year ending 30 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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 Sean Condon
Director
20/01/2025
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Scotia Premium Seafood Ltd is a private company, limited by shares, incorporated in Scotland, registered number SC730108 . The registered office is Kintail House, Inverness, IV2 3BW.
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 20%
Leasehold 20%
Plant & Machinery 20%
Motor Vehicles 25%
Fixtures & Fittings 20%
Computer Equipment 20%
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1
1
4. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 May 2023 3,472 6,900 10,015 358 20,745
Additions 3,828 - - - 3,828
As at 30 April 2024 7,300 6,900 10,015 358 24,573
Depreciation
As at 1 May 2023 310 855 694 (59 ) 1,800
Provided during the period - - - 117 117
As at 30 April 2024 310 855 694 58 1,917
Net Book Value
As at 30 April 2024 6,990 6,045 9,321 300 22,656
As at 1 May 2023 3,162 6,045 9,321 417 18,945
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5. Debtors
2024
£
Due within one year
Trade debtors (6,629 )
Other debtors 4,707
(1,922 )
Due after more than one year
Other debtors 3,329
1,407
6. Creditors: Amounts Falling Due Within One Year
2024
£
Trade creditors 23,709
Bank loans and overdrafts 1,455
Taxation and social security 664
25,828
7. Creditors: Amounts Falling Due After More Than One Year
2024
£
Other creditors 1,200
8. Share Capital
2024
£
Allotted, Called up and fully paid 1
Page 4