Acorah Software Products - Accounts Production 16.1.300 false true 30 April 2023 1 May 2022 false 1 May 2023 30 April 2024 30 April 2024 SC422338 Mr Charles Barbour Mr Ryan Barbour iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure SC422338 2023-04-30 SC422338 2024-04-30 SC422338 2023-05-01 2024-04-30 SC422338 frs-core:CurrentFinancialInstruments 2024-04-30 SC422338 frs-core:Non-currentFinancialInstruments 2024-04-30 SC422338 frs-core:FurnitureFittings 2024-04-30 SC422338 frs-core:FurnitureFittings 2023-05-01 2024-04-30 SC422338 frs-core:FurnitureFittings 2023-04-30 SC422338 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-04-30 SC422338 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 SC422338 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-04-30 SC422338 frs-core:MotorVehicles 2023-05-01 2024-04-30 SC422338 frs-core:PlantMachinery 2024-04-30 SC422338 frs-core:PlantMachinery 2023-05-01 2024-04-30 SC422338 frs-core:PlantMachinery 2023-04-30 SC422338 frs-core:ShareCapital 2024-04-30 SC422338 frs-core:RetainedEarningsAccumulatedLosses 2024-04-30 SC422338 frs-bus:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 SC422338 frs-bus:FilletedAccounts 2023-05-01 2024-04-30 SC422338 frs-bus:SmallEntities 2023-05-01 2024-04-30 SC422338 frs-bus:AuditExempt-NoAccountantsReport 2023-05-01 2024-04-30 SC422338 frs-bus:SmallCompaniesRegimeForAccounts 2023-05-01 2024-04-30 SC422338 frs-bus:Director1 2023-05-01 2024-04-30 SC422338 frs-bus:Director2 2023-05-01 2024-04-30 SC422338 frs-core:CurrentFinancialInstruments 1 2024-04-30 SC422338 frs-countries:Scotland 2023-05-01 2024-04-30 SC422338 2022-04-30 SC422338 2023-04-30 SC422338 2022-05-01 2023-04-30 SC422338 frs-core:CurrentFinancialInstruments 2023-04-30 SC422338 frs-core:Non-currentFinancialInstruments 2023-04-30 SC422338 frs-core:ShareCapital 2023-04-30 SC422338 frs-core:RetainedEarningsAccumulatedLosses 2023-04-30 SC422338 frs-core:CurrentFinancialInstruments 1 2023-04-30 SC422338 frs-core:CurrentFinancialInstruments 2 2023-04-30
Registered number: SC422338
Inverness Property Company Ltd
Financial Statements
For The Year Ended 30 April 2024
Drysdale Consultants
Windlestrae
Newton of Kinkell
Dingwall
Ross-shire
IV7 8AS
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: SC422338
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 79,536 91,139
79,536 91,139
CURRENT ASSETS
Debtors 5 - 95,327
- 95,327
Creditors: Amounts Falling Due Within One Year 6 7,277 (38,620 )
NET CURRENT ASSETS (LIABILITIES) 7,277 56,707
TOTAL ASSETS LESS CURRENT LIABILITIES 86,813 147,846
Creditors: Amounts Falling Due After More Than One Year 7 (13,132 ) (43,574 )
NET ASSETS 73,681 104,272
CAPITAL AND RESERVES
Called up share capital 8 100 100
Profit and Loss Account 73,581 104,172
SHAREHOLDERS' FUNDS 73,681 104,272
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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 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 Charles Barbour
Director
27/01/2025
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
Inverness Property Company Ltd is a private company, limited by shares, incorporated in Scotland, registered number SC422338 . The registered office is 45 Craigard Terrace, INVERNESS, IV3 8PS.
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 NIL
Plant & Machinery 20% RB
Motor Vehicles 25% RB
Fixtures & Fittings 20% RB
3. Average Number of Employees
Average number of employees, including directors, during the year was:
2024 2023
Office and administration 1 -
1 -
Page 3
Page 4
4. Tangible Assets
Land & Property
Freehold Plant & Machinery Fixtures & Fittings Total
£ £ £ £
Cost
As at 1 May 2023 74,270 26,111 29,216 129,597
Additions 2,765 - 625 3,390
As at 30 April 2024 77,035 26,111 29,841 132,987
Depreciation
As at 1 May 2023 - 19,258 19,200 38,458
Provided during the period - 6,853 8,140 14,993
As at 30 April 2024 - 26,111 27,340 53,451
Net Book Value
As at 30 April 2024 77,035 - 2,501 79,536
As at 1 May 2023 74,270 6,853 10,016 91,139
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors - 1,389
Other debtors (1) - 93,938
- 95,327
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 3,522 3,296
Bank loans and overdrafts 2,418 13,516
Other loans - 5,783
Corporation tax (3,048 ) -
PAYE/NI 244 143
VAT 170 46
Business Loans (16,583 ) -
Bounce Back Loan 6,000 6,000
Other creditors (2) - 9,836
(7,277 ) 38,620
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7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Loan - Bounce Back (Long term liabilities - creditors > 1 year) 13,132 13,959
Other loans - 29,615
13,132 43,574
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
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