Acorah Software Products - Accounts Production 16.1.300 false true 31 May 2023 1 June 2022 false 1 June 2023 31 May 2024 31 May 2024 SC449546 Mr. David Gunn iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure SC449546 2023-05-31 SC449546 2024-05-31 SC449546 2023-06-01 2024-05-31 SC449546 frs-core:CurrentFinancialInstruments 2024-05-31 SC449546 frs-core:Non-currentFinancialInstruments 2024-05-31 SC449546 frs-core:ComputerEquipment 2024-05-31 SC449546 frs-core:ComputerEquipment 2023-06-01 2024-05-31 SC449546 frs-core:ComputerEquipment 2023-05-31 SC449546 frs-core:FurnitureFittings 2024-05-31 SC449546 frs-core:FurnitureFittings 2023-06-01 2024-05-31 SC449546 frs-core:FurnitureFittings 2023-05-31 SC449546 frs-core:InvestmentPropertyIncludedWithinPPE 2024-05-31 SC449546 frs-core:InvestmentPropertyIncludedWithinPPE 2023-06-01 2024-05-31 SC449546 frs-core:InvestmentPropertyIncludedWithinPPE 2023-05-31 SC449546 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-05-31 SC449546 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-06-01 2024-05-31 SC449546 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-05-31 SC449546 frs-core:MotorVehicles 2024-05-31 SC449546 frs-core:MotorVehicles 2023-06-01 2024-05-31 SC449546 frs-core:MotorVehicles 2023-05-31 SC449546 frs-core:PlantMachinery 2024-05-31 SC449546 frs-core:PlantMachinery 2023-06-01 2024-05-31 SC449546 frs-core:PlantMachinery 2023-05-31 SC449546 frs-core:ShareCapital 2024-05-31 SC449546 frs-core:RetainedEarningsAccumulatedLosses 2024-05-31 SC449546 frs-bus:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 SC449546 frs-bus:FilletedAccounts 2023-06-01 2024-05-31 SC449546 frs-bus:SmallEntities 2023-06-01 2024-05-31 SC449546 frs-bus:AuditExempt-NoAccountantsReport 2023-06-01 2024-05-31 SC449546 frs-bus:SmallCompaniesRegimeForAccounts 2023-06-01 2024-05-31 SC449546 frs-core:DeferredTaxation 2023-06-01 2024-05-31 SC449546 frs-core:DeferredTaxation 2023-05-31 SC449546 frs-core:DeferredTaxation 2024-05-31 SC449546 frs-bus:Director1 2023-06-01 2024-05-31 SC449546 frs-countries:Scotland 2023-06-01 2024-05-31 SC449546 2022-05-31 SC449546 2023-05-31 SC449546 2022-06-01 2023-05-31 SC449546 frs-core:CurrentFinancialInstruments 2023-05-31 SC449546 frs-core:Non-currentFinancialInstruments 2023-05-31 SC449546 frs-core:ShareCapital 2023-05-31 SC449546 frs-core:RetainedEarningsAccumulatedLosses 2023-05-31
Registered number: SC449546
Gunn Consulting Limited
Unaudited Financial Statements
For The Year Ended 31 May 2024
Murray Associates ZKI Limited
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: SC449546
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 169,975 175,137
169,975 175,137
CURRENT ASSETS
Debtors 5 1,563 1,140
Cash at bank and in hand 65,721 52,166
67,284 53,306
Creditors: Amounts Falling Due Within One Year 6 (32,370 ) (27,554 )
NET CURRENT ASSETS (LIABILITIES) 34,914 25,752
TOTAL ASSETS LESS CURRENT LIABILITIES 204,889 200,889
Creditors: Amounts Falling Due After More Than One Year 7 (22,902 ) (27,159 )
PROVISIONS FOR LIABILITIES
Deferred Taxation 8 (3,881 ) (3,764 )
NET ASSETS 178,106 169,966
CAPITAL AND RESERVES
Called up share capital 10 100 100
Profit and Loss Account 178,006 169,866
SHAREHOLDERS' FUNDS 178,106 169,966
Page 1
Page 2
For the year ending 31 May 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. David Gunn
Director
8 October 2024
The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Gunn Consulting Limited is a private company, limited by shares, incorporated in Scotland, registered number SC449546 . The registered office is Hynish Farm Steadings, Hynish, Isle Of Tiree, PA77 6UD.
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 No depreciation
Plant & Machinery 25% RBM
Motor Vehicles 25% SLM
Fixtures & Fittings 25% RBM
Computer Equipment 33% SLM
2.4. Investment Properties
All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.
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2.5. 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: 2 (2023: 1)
2 1
4. Tangible Assets
Land & Property
Freehold Investment Properties Plant & Machinery Motor Vehicles
£ £ £ £
Cost
As at 1 June 2023 155,331 1,215 49,672 37,607
Additions - - 680 -
Disposals - - (45 ) -
As at 31 May 2024 155,331 1,215 50,307 37,607
Depreciation
As at 1 June 2023 - 975 40,262 37,607
Provided during the period - 80 2,525 -
As at 31 May 2024 - 1,055 42,787 37,607
...CONTINUED
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Net Book Value
As at 31 May 2024 155,331 160 7,520 -
As at 1 June 2023 155,331 240 9,410 -
Fixtures & Fittings Computer Equipment Total
£ £ £
Cost
As at 1 June 2023 11,182 7,309 262,316
Additions 224 1,639 2,543
Disposals (804 ) (832 ) (1,681 )
As at 31 May 2024 10,602 8,116 263,178
Depreciation
As at 1 June 2023 3,173 5,162 87,179
Provided during the period 1,857 1,562 6,024
As at 31 May 2024 5,030 6,724 93,203
Net Book Value
As at 31 May 2024 5,572 1,392 169,975
As at 1 June 2023 8,009 2,147 175,137
5. Debtors
2024 2023
£ £
Due within one year
Prepayments and accrued income 1,563 467
Corporation tax recoverable assets - 673
1,563 1,140
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Bank loans and overdrafts 5,016 5,016
Corporation tax 76 -
VAT 2,246 -
Other creditors 5,836 3,042
Director's loan account 19,196 19,496
32,370 27,554
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7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 22,902 27,159
8. Deferred Taxation
The provision for deferred tax is made up as follows:
2024 2023
£ £
Other timing differences 3,881 3,764
9. Provisions for Liabilities
Deferred Tax Total
£ £
As at 1 June 2023 3,764 3,764
Deferred taxation 117 117
Balance at 31 May 2024 3,881 3,881
10. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
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