Acorah Software Products - Accounts Production 16.1.300 false true 30 June 2023 1 July 2022 false 1 July 2023 30 June 2024 30 June 2024 SC158232 Craig Elliot Alistair Grant Barbara Ann Scanlon true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure SC158232 2023-06-30 SC158232 2024-06-30 SC158232 2023-07-01 2024-06-30 SC158232 frs-core:CurrentFinancialInstruments 2024-06-30 SC158232 frs-core:Non-currentFinancialInstruments 2024-06-30 SC158232 frs-core:FurnitureFittings 2024-06-30 SC158232 frs-core:FurnitureFittings 2023-07-01 2024-06-30 SC158232 frs-core:FurnitureFittings 2023-06-30 SC158232 frs-core:PlantMachinery 2024-06-30 SC158232 frs-core:PlantMachinery 2023-07-01 2024-06-30 SC158232 frs-core:PlantMachinery 2023-06-30 SC158232 frs-core:ShareCapital 2024-06-30 SC158232 frs-core:RetainedEarningsAccumulatedLosses 2024-06-30 SC158232 frs-bus:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 SC158232 frs-bus:FilletedAccounts 2023-07-01 2024-06-30 SC158232 frs-bus:SmallEntities 2023-07-01 2024-06-30 SC158232 frs-bus:AuditExempt-NoAccountantsReport 2023-07-01 2024-06-30 SC158232 frs-bus:SmallCompaniesRegimeForAccounts 2023-07-01 2024-06-30 SC158232 1 2023-07-01 2024-06-30 SC158232 frs-bus:Director1 2023-07-01 2024-06-30 SC158232 frs-bus:Director2 2023-07-01 2024-06-30 SC158232 frs-bus:Director2 2023-06-30 SC158232 frs-bus:Director2 2024-06-30 SC158232 frs-bus:Director3 2023-07-01 2024-06-30 SC158232 frs-countries:Scotland 2023-07-01 2024-06-30 SC158232 2022-06-30 SC158232 2023-06-30 SC158232 2022-07-01 2023-06-30 SC158232 frs-core:CurrentFinancialInstruments 2023-06-30 SC158232 frs-core:Non-currentFinancialInstruments 2023-06-30 SC158232 frs-core:ShareCapital 2023-06-30 SC158232 frs-core:RetainedEarningsAccumulatedLosses 2023-06-30
Registered number: SC158232
Grants Scotland Limited
Unaudited Financial Statements
For The Year Ended 30 June 2024
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: SC158232
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 6,733 8,851
6,733 8,851
CURRENT ASSETS
Work in progress 5 14,466 18,128
Debtors 6 94,480 96,940
Cash at bank and in hand 601,006 658,243
709,952 773,311
Creditors: Amounts Falling Due Within One Year 7 (230,250 ) (227,114 )
NET CURRENT ASSETS (LIABILITIES) 479,702 546,197
TOTAL ASSETS LESS CURRENT LIABILITIES 486,435 555,048
Creditors: Amounts Falling Due After More Than One Year 8 (16,851 ) (26,851 )
NET ASSETS 469,584 528,197
CAPITAL AND RESERVES
Called up share capital 9 94 94
Profit and Loss Account 469,490 528,103
SHAREHOLDERS' FUNDS 469,584 528,197
Page 1
Page 2
For the year ending 30 June 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
Craig Elliot
Director
12 February 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
Grants Scotland Limited is a private company, limited by shares, incorporated in Scotland, registered number SC158232 . The registered office is 120 West Regent Street, Glasgow, G2 2QD.
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 for goods supplied and services rendered, net of discounts and Value Added Tax.
2.3. Tangible Fixed Assets and Depreciation
Tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses.
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Plant & Machinery 33.33% straight line
Fixtures & Fittings 20% straight line
2.4. Stocks and Work in Progress
Work in progress is included in the accounts as sales value.
2.5. Financial Instruments
A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument.
Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
2.6. Taxation
Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 11 (2023: 10)
11 10
4. Tangible Assets
Plant & Machinery Fixtures & Fittings Total
£ £ £
Cost
As at 1 July 2023 9,610 3,100 12,710
Additions 781 636 1,417
As at 30 June 2024 10,391 3,736 14,127
...CONTINUED
Page 3
Page 4
Depreciation
As at 1 July 2023 3,539 320 3,859
Provided during the period 2,905 630 3,535
As at 30 June 2024 6,444 950 7,394
Net Book Value
As at 30 June 2024 3,947 2,786 6,733
As at 1 July 2023 6,071 2,780 8,851
5. Work in progress
2024 2023
£ £
Work in progress 14,466 18,128
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 44,863 41,226
Other debtors 49,617 55,714
94,480 96,940
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 8,218 9,800
Bank loans and overdrafts 10,648 10,648
Other creditors 109,874 79,284
Taxation and social security 101,510 127,382
230,250 227,114
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 16,851 26,851
16,851 26,851
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 94 94
Page 4
Page 5
10. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 July 2023 Amounts advanced Amounts repaid Amounts written off As at 30 June 2024
£ £ £ £ £
Mr Alistair Grant 9,800 - - - 9,800
The above loan is unsecured, interest free and repayable on demand.
11. Ultimate Controlling Party
Next Stage Holding Limited owns 100% of the shares in Grants Scotland Limited. Next Stage Holdings Limited is a company registered in Scotland under Companies House Number SC663299.
Page 5