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 SC401887 Mr Mark McLuckie iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure SC401887 2023-06-30 SC401887 2024-06-30 SC401887 2023-07-01 2024-06-30 SC401887 frs-core:CurrentFinancialInstruments 2024-06-30 SC401887 frs-core:Non-currentFinancialInstruments 2024-06-30 SC401887 frs-core:BetweenOneFiveYears 2024-06-30 SC401887 frs-core:ComputerEquipment 2024-06-30 SC401887 frs-core:ComputerEquipment 2023-07-01 2024-06-30 SC401887 frs-core:ComputerEquipment 2023-06-30 SC401887 frs-core:FurnitureFittings 2024-06-30 SC401887 frs-core:FurnitureFittings 2023-07-01 2024-06-30 SC401887 frs-core:FurnitureFittings 2023-06-30 SC401887 frs-core:MotorVehicles 2024-06-30 SC401887 frs-core:MotorVehicles 2023-07-01 2024-06-30 SC401887 frs-core:MotorVehicles 2023-06-30 SC401887 frs-core:PlantMachinery 2024-06-30 SC401887 frs-core:PlantMachinery 2023-07-01 2024-06-30 SC401887 frs-core:PlantMachinery 2023-06-30 SC401887 frs-core:WithinOneYear 2024-06-30 SC401887 frs-core:ShareCapital 2024-06-30 SC401887 frs-core:RetainedEarningsAccumulatedLosses 2024-06-30 SC401887 frs-bus:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 SC401887 frs-bus:FilletedAccounts 2023-07-01 2024-06-30 SC401887 frs-bus:SmallEntities 2023-07-01 2024-06-30 SC401887 frs-bus:AuditExempt-NoAccountantsReport 2023-07-01 2024-06-30 SC401887 frs-bus:SmallCompaniesRegimeForAccounts 2023-07-01 2024-06-30 SC401887 frs-bus:Director1 2023-07-01 2024-06-30 SC401887 frs-countries:Scotland 2023-07-01 2024-06-30 SC401887 2022-06-30 SC401887 2023-06-30 SC401887 2022-07-01 2023-06-30 SC401887 frs-core:CurrentFinancialInstruments 2023-06-30 SC401887 frs-core:Non-currentFinancialInstruments 2023-06-30 SC401887 frs-core:BetweenOneFiveYears 2023-06-30 SC401887 frs-core:WithinOneYear 2023-06-30 SC401887 frs-core:ShareCapital 2023-06-30 SC401887 frs-core:RetainedEarningsAccumulatedLosses 2023-06-30
Registered number: SC401887
Elite Recovery Falkirk Ltd
Financial Statements
For The Year Ended 30 June 2024
Donoghue & Co. Ltd
19a Wellside Place
Falkirk
FK1 5RL
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: SC401887
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 507,620 332,461
507,620 332,461
CURRENT ASSETS
Debtors 5 26,822 53,716
Cash at bank and in hand 7,771 3,573
34,593 57,289
Creditors: Amounts Falling Due Within One Year 6 (207,008 ) (120,676 )
NET CURRENT ASSETS (LIABILITIES) (172,415 ) (63,387 )
TOTAL ASSETS LESS CURRENT LIABILITIES 335,205 269,074
Creditors: Amounts Falling Due After More Than One Year 7 (321,149 ) (39,216 )
NET ASSETS 14,056 229,858
CAPITAL AND RESERVES
Called up share capital 9 1 1
Profit and Loss Account 14,055 229,857
SHAREHOLDERS' FUNDS 14,056 229,858
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 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 Mark McLuckie
Director
13th March 2025
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Elite Recovery Falkirk Ltd is a private company, limited by shares, incorporated in Scotland, registered number SC401887 . The registered office is Unit 9 Merchiston Ind Est, Falkirk, Scotland, FK2 7PD.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
2.2. Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at cost less depreciation. 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:
Plant & Machinery 20% Reducing Balance
Motor Vehicles 20% Reducing Balance
Fixtures & Fittings 20% Reducing Balance
Computer Equipment 20% Reducing Balance
2.4. Leasing and Hire Purchase Contracts
Assets obtained under hire purchase contracts and 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 20 (2023: 15)
20 15
4. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 July 2023 4,142 486,440 17,054 2,170 509,806
Additions 6,250 495,620 - - 501,870
Disposals - (293,868 ) - - (293,868 )
As at 30 June 2024 10,392 688,192 17,054 2,170 717,808
Depreciation
As at 1 July 2023 3,081 164,292 8,084 1,888 177,345
Provided during the period 1,462 115,670 1,794 90 119,016
Disposals - (86,173 ) - - (86,173 )
As at 30 June 2024 4,543 193,789 9,878 1,978 210,188
Net Book Value
As at 30 June 2024 5,849 494,403 7,176 192 507,620
As at 1 July 2023 1,061 322,148 8,970 282 332,461
Page 3
Page 4
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 26,822 53,716
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 131,482 50,055
Trade creditors 15,503 4,879
Other taxes and social security 7,665 8,798
VAT 21,478 15,343
Other creditors 30,549 41,417
Director's loan account 331 184
207,008 120,676
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 321,149 39,216
8. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year 131,482 50,055
Later than one year and not later than five years 321,149 39,216
452,631 89,271
452,631 89,271
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1 1
10. Dividends
2024 2023
£ £
On equity shares:
Final dividend paid 52,000 62,000
Page 4