Acorah Software Products - Accounts Production 16.1.300 false true 30 September 2023 1 October 2022 false 1 October 2023 30 September 2024 30 September 2024 SC642795 Mr Robert Turpie Mr David Logan Mr Taylor Logan iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure SC642795 2023-09-30 SC642795 2024-09-30 SC642795 2023-10-01 2024-09-30 SC642795 frs-core:CurrentFinancialInstruments 2024-09-30 SC642795 frs-core:Non-currentFinancialInstruments 2024-09-30 SC642795 frs-core:ComputerEquipment 2024-09-30 SC642795 frs-core:ComputerEquipment 2023-10-01 2024-09-30 SC642795 frs-core:ComputerEquipment 2023-09-30 SC642795 frs-core:FurnitureFittings 2024-09-30 SC642795 frs-core:FurnitureFittings 2023-10-01 2024-09-30 SC642795 frs-core:FurnitureFittings 2023-09-30 SC642795 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-09-30 SC642795 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-10-01 2024-09-30 SC642795 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-09-30 SC642795 frs-core:MotorVehicles 2024-09-30 SC642795 frs-core:MotorVehicles 2023-10-01 2024-09-30 SC642795 frs-core:MotorVehicles 2023-09-30 SC642795 frs-core:PlantMachinery 2024-09-30 SC642795 frs-core:PlantMachinery 2023-10-01 2024-09-30 SC642795 frs-core:PlantMachinery 2023-09-30 SC642795 frs-core:WithinOneYear 2024-09-30 SC642795 frs-core:ShareCapital 2024-09-30 SC642795 frs-core:RetainedEarningsAccumulatedLosses 2024-09-30 SC642795 frs-bus:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 SC642795 frs-bus:FilletedAccounts 2023-10-01 2024-09-30 SC642795 frs-bus:SmallEntities 2023-10-01 2024-09-30 SC642795 frs-bus:AuditExempt-NoAccountantsReport 2023-10-01 2024-09-30 SC642795 frs-bus:SmallCompaniesRegimeForAccounts 2023-10-01 2024-09-30 SC642795 frs-bus:Director1 2023-10-01 2024-09-30 SC642795 frs-bus:Director2 2023-10-01 2024-09-30 SC642795 frs-bus:Director3 2023-10-01 2024-09-30 SC642795 frs-countries:Scotland 2023-10-01 2024-09-30 SC642795 2022-09-30 SC642795 2023-09-30 SC642795 2022-10-01 2023-09-30 SC642795 frs-core:CurrentFinancialInstruments 2023-09-30 SC642795 frs-core:Non-currentFinancialInstruments 2023-09-30 SC642795 frs-core:BetweenOneFiveYears 2023-09-30 SC642795 frs-core:WithinOneYear 2023-09-30 SC642795 frs-core:ShareCapital 2023-09-30 SC642795 frs-core:RetainedEarningsAccumulatedLosses 2023-09-30
Registered number: SC642795
Precast Garages (Scotland) Limited
Unaudited Financial Statements
For The Year Ended 30 September 2024
John McEwan Accounting Services
ACCA
60 Clove Mill Wynd
Larkhall
ML9 1NT
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—7
Page 1
Balance Sheet
Registered number: SC642795
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 138,524 141,625
138,524 141,625
CURRENT ASSETS
Stocks 5 4,850 17,549
Debtors 6 21,398 -
Cash at bank and in hand 49,734 64,054
75,982 81,603
Creditors: Amounts Falling Due Within One Year 7 (119,214 ) (85,385 )
NET CURRENT ASSETS (LIABILITIES) (43,232 ) (3,782 )
TOTAL ASSETS LESS CURRENT LIABILITIES 95,292 137,843
Creditors: Amounts Falling Due After More Than One Year 8 (9,167 ) (27,646 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (9,738 ) -
NET ASSETS 76,387 110,197
CAPITAL AND RESERVES
Called up share capital 10 100 100
Profit and Loss Account 76,287 110,097
SHAREHOLDERS' FUNDS 76,387 110,197
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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
Mr David Logan
Director
28/01/2025
The notes on pages 3 to 7 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Precast Garages (Scotland) Limited is a private company, limited by shares, incorporated in Scotland, registered number SC642795 . The registered office is 289 Alexandra Parade, Glasgow, G31 3AD.
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 Not provided
Plant & Machinery 25% reducing balance
Motor Vehicles 25% reducing balance
Fixtures & Fittings 25% reducing balance
Computer Equipment 25% on cost
2.4. 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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2.5. 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.
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 year 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 asset reflects 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 or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 8 (2023: 13)
8 13
4. Tangible Assets
Land & Property
Freehold Plant & Machinery Motor Vehicles Fixtures & Fittings
£ £ £ £
Cost
As at 1 October 2023 77,137 43,977 64,624 2,628
Additions 10,135 8,750 - -
Disposals - (3,421 ) (6,495 ) -
As at 30 September 2024 87,272 49,306 58,129 2,628
...CONTINUED
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Depreciation
As at 1 October 2023 - 17,468 28,472 1,520
Provided during the period - 8,454 8,353 277
Disposals - (1,978 ) (3,755 ) -
As at 30 September 2024 - 23,944 33,070 1,797
Net Book Value
As at 30 September 2024 87,272 25,362 25,059 831
As at 1 October 2023 77,137 26,509 36,152 1,108
Computer Equipment Total
£ £
Cost
As at 1 October 2023 2,879 191,245
Additions - 18,885
Disposals - (9,916 )
As at 30 September 2024 2,879 200,214
Depreciation
As at 1 October 2023 2,160 49,620
Provided during the period 719 17,803
Disposals - (5,733 )
As at 30 September 2024 2,879 61,690
Net Book Value
As at 30 September 2024 - 138,524
As at 1 October 2023 719 141,625
5. Stocks
2024 2023
£ £
Stock 4,850 4,850
Work in progress - 12,699
4,850 17,549
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 21,398 -
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7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 8,479 9,250
Trade creditors 69,294 46,690
Bank loans and overdrafts 10,000 10,000
Corporation tax 8,570 835
Other taxes and social security 4,914 4,924
VAT 16,216 12,123
Other creditors 107 -
Accruals and deferred income 1,634 1,563
119,214 85,385
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts - 8,479
Bank loans 9,167 19,167
9,167 27,646
9. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year 8,479 9,250
Later than one year and not later than five years - 8,479
8,479 17,729
8,479 17,729
10. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
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11. Dividends
2024 2023
£ £
On equity shares:
Final dividend paid 40,000 22,250
Dividends paid during the year amounted £40,000 (2023: £22,250).
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