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 SC193918 Mrs Kay Mcintyre Mr John O'Rourke John O Rourke iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure SC193918 2023-05-31 SC193918 2024-05-31 SC193918 2023-06-01 2024-05-31 SC193918 frs-core:CurrentFinancialInstruments 2024-05-31 SC193918 frs-core:Non-currentFinancialInstruments 2024-05-31 SC193918 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-06-01 2024-05-31 SC193918 frs-core:FurnitureFittings 2024-05-31 SC193918 frs-core:FurnitureFittings 2023-06-01 2024-05-31 SC193918 frs-core:FurnitureFittings 2023-05-31 SC193918 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-05-31 SC193918 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-06-01 2024-05-31 SC193918 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-05-31 SC193918 frs-core:MotorVehicles 2024-05-31 SC193918 frs-core:MotorVehicles 2023-06-01 2024-05-31 SC193918 frs-core:MotorVehicles 2023-05-31 SC193918 frs-core:OtherResidualIntangibleAssets 2024-05-31 SC193918 frs-core:OtherResidualIntangibleAssets 2023-06-01 2024-05-31 SC193918 frs-core:OtherResidualIntangibleAssets 2023-05-31 SC193918 frs-core:PlantMachinery 2024-05-31 SC193918 frs-core:PlantMachinery 2023-06-01 2024-05-31 SC193918 frs-core:PlantMachinery 2023-05-31 SC193918 frs-core:ShareCapital 2024-05-31 SC193918 frs-core:RetainedEarningsAccumulatedLosses 2024-05-31 SC193918 frs-bus:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 SC193918 frs-bus:FilletedAccounts 2023-06-01 2024-05-31 SC193918 frs-bus:SmallEntities 2023-06-01 2024-05-31 SC193918 frs-bus:AuditExempt-NoAccountantsReport 2023-06-01 2024-05-31 SC193918 frs-bus:SmallCompaniesRegimeForAccounts 2023-06-01 2024-05-31 SC193918 frs-bus:Director1 2023-06-01 2024-05-31 SC193918 frs-bus:Director1 2023-05-31 SC193918 frs-bus:Director1 2024-05-31 SC193918 frs-bus:Director2 2023-06-01 2024-05-31 SC193918 frs-bus:Director2 2023-05-31 SC193918 frs-bus:Director2 2024-05-31 SC193918 frs-bus:CompanySecretary1 2023-06-01 2024-05-31 SC193918 frs-countries:Scotland 2023-06-01 2024-05-31 SC193918 2022-05-31 SC193918 2023-05-31 SC193918 2022-06-01 2023-05-31 SC193918 frs-core:CurrentFinancialInstruments 2023-05-31 SC193918 frs-core:Non-currentFinancialInstruments 2023-05-31 SC193918 frs-core:ShareCapital 2023-05-31 SC193918 frs-core:RetainedEarningsAccumulatedLosses 2023-05-31
Registered number: SC193918
McIntyre Hairdressing Limited
Financial Statements
For The Year Ended 31 May 2024
Arthur Garty & Co. Ltd.
161 Albert Street
Dundee
Tayside
DD4 6PX
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: SC193918
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 204,000 220,000
Tangible Assets 5 121,239 132,252
325,239 352,252
CURRENT ASSETS
Stocks 37,038 36,928
Debtors 6 373,069 133,381
Cash at bank and in hand 14,382 102,189
424,489 272,498
Creditors: Amounts Falling Due Within One Year 7 (386,955 ) (262,712 )
NET CURRENT ASSETS (LIABILITIES) 37,534 9,786
TOTAL ASSETS LESS CURRENT LIABILITIES 362,773 362,038
Creditors: Amounts Falling Due After More Than One Year 8 (10,000 ) (20,000 )
NET ASSETS 352,773 342,038
CAPITAL AND RESERVES
Called up share capital 10 100 100
Profit and Loss Account 352,673 341,938
SHAREHOLDERS' FUNDS 352,773 342,038
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 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
Mrs Kay Mcintyre
Director
Mr John O'Rourke
Director
26th February 2025
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
McIntyre Hairdressing Limited is a private company, limited by shares, incorporated in Scotland, registered number SC193918 . The registered office is 50 Union Street, Dundee, DD1 4BE.
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.
2.3. Intangible Fixed Assets and Amortisation - Other Intangible
Other intangible assets reflect the investment in cryptocurrencies and are stated at cost. No amortisation is deemed necessary on this investment.
2.4. 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 5% on reducing balance
Plant & Machinery 10% on reducing balance
Motor Vehicles 25% on reducing balance
Fixtures & Fittings 10% on reducing balance
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.
2.6. Taxation
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.
2.7. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 24 (2023: 26)
24 26
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Page 4
4. Intangible Assets
Other
£
Cost
As at 1 June 2023 220,000
Disposals (16,000 )
As at 31 May 2024 204,000
Net Book Value
As at 31 May 2024 204,000
As at 1 June 2023 220,000
5. Tangible Assets
Land & Property
Freehold Plant & Machinery Motor Vehicles Fixtures & Fittings Total
£ £ £ £ £
Cost
As at 1 June 2023 243,785 59,136 73,158 258,074 634,153
As at 31 May 2024 243,785 59,136 73,158 258,074 634,153
Depreciation
As at 1 June 2023 152,882 55,100 57,605 236,314 501,901
Provided during the period 4,545 404 3,888 2,176 11,013
As at 31 May 2024 157,427 55,504 61,493 238,490 512,914
Net Book Value
As at 31 May 2024 86,358 3,632 11,665 19,584 121,239
As at 1 June 2023 90,903 4,036 15,553 21,760 132,252
Included above are assets held under finance leases or hire purchase contracts with a net book value as follows:
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 8,326 9,373
Other debtors 364,743 124,008
373,069 133,381
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7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 37,974 52,330
Bank loans and overdrafts 10,000 10,000
Other creditors 216,401 55,250
Taxation and social security 122,580 145,132
386,955 262,712
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 10,000 20,000
9. Secured Creditors
Of the creditors the following amounts are secured.
10. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
11. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 June 2023 Amounts advanced Amounts repaid Amounts written off As at 31 May 2024
£ £ £ £ £
Mrs Kay Mcintyre 41,277 45,039 41,277 - 45,039
Mr John O'Rourke 41,276 45,039 41,276 - 45,039
The above loan is unsecured, interest free and repayable on demand.
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