Acorah Software Products - Accounts Production 16.1.300 false true 30 September 2023 1 October 2022 false 1 October 2023 30 September 2024 30 September 2024 SC509708 Ms Marta Briongos Bartolme Mr Colin MacKinnon Mr Colin MacKinnon false iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure SC509708 2023-09-30 SC509708 2024-09-30 SC509708 2023-10-01 2024-09-30 SC509708 frs-core:CurrentFinancialInstruments 2024-09-30 SC509708 frs-core:ComputerEquipment 2024-09-30 SC509708 frs-core:ComputerEquipment 2023-10-01 2024-09-30 SC509708 frs-core:ComputerEquipment 2023-09-30 SC509708 frs-core:FurnitureFittings 2024-09-30 SC509708 frs-core:FurnitureFittings 2023-10-01 2024-09-30 SC509708 frs-core:FurnitureFittings 2023-09-30 SC509708 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-09-30 SC509708 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-10-01 2024-09-30 SC509708 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-09-30 SC509708 frs-core:MotorVehicles 2024-09-30 SC509708 frs-core:MotorVehicles 2023-10-01 2024-09-30 SC509708 frs-core:MotorVehicles 2023-09-30 SC509708 frs-core:PlantMachinery 2024-09-30 SC509708 frs-core:PlantMachinery 2023-10-01 2024-09-30 SC509708 frs-core:PlantMachinery 2023-09-30 SC509708 frs-core:RetainedEarningsAccumulatedLosses 2024-09-30 SC509708 frs-bus:CompanyLimitedByGuarantee 2023-10-01 2024-09-30 SC509708 frs-bus:FilletedAccounts 2023-10-01 2024-09-30 SC509708 frs-bus:SmallEntities 2023-10-01 2024-09-30 SC509708 frs-bus:AuditExempt-NoAccountantsReport 2023-10-01 2024-09-30 SC509708 frs-bus:SmallCompaniesRegimeForAccounts 2023-10-01 2024-09-30 SC509708 1 2023-10-01 2024-09-30 SC509708 frs-bus:Director1 2023-10-01 2024-09-30 SC509708 frs-bus:Director1 2023-09-30 SC509708 frs-bus:Director1 2024-09-30 SC509708 frs-bus:Director2 2023-10-01 2024-09-30 SC509708 frs-bus:Director2 2023-09-30 SC509708 frs-bus:Director2 2024-09-30 SC509708 frs-bus:CompanySecretary1 2023-10-01 2024-09-30 SC509708 frs-core:CurrentFinancialInstruments 2 2024-09-30 SC509708 frs-countries:Scotland 2023-10-01 2024-09-30 SC509708 2022-09-30 SC509708 2023-09-30 SC509708 2022-10-01 2023-09-30 SC509708 frs-core:CurrentFinancialInstruments 2023-09-30 SC509708 frs-core:RetainedEarningsAccumulatedLosses 2023-09-30 SC509708 frs-core:CurrentFinancialInstruments 2 2023-09-30
Registered number: SC509708
Strathaven Airfield Limited
Financial Statements
For The Year Ended 30 September 2024
Gillespie's
Chartered Accountants
33 Leslie Street
Blairgowrie
Perthshire
PH10 6AW
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: SC509708
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 3 8,816 12,484
8,816 12,484
CURRENT ASSETS
Debtors 4 7,533 7,287
Cash at bank and in hand 15,900 11,004
23,433 18,291
Creditors: Amounts Falling Due Within One Year 5 (4,564 ) (2,687 )
NET CURRENT ASSETS (LIABILITIES) 18,869 15,604
TOTAL ASSETS LESS CURRENT LIABILITIES 27,685 28,088
PROVISIONS FOR LIABILITIES
Deferred Taxation (1,675 ) (2,372 )
NET ASSETS 26,010 25,716
Income and Expenditure Account 26,010 25,716
MEMBERS' FUNDS 26,010 25,716
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For the year ending 30 September 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 Income and Expenditure Account.
On behalf of the board
Mr Colin MacKinnon
Director
13th March 2025
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. Accounting Policies
1.1. 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.
1.2. Turnover
Turnover comprises the invoiced value of goods and services supplied by the company.
1.3. 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:
Leasehold 10% Straight Line
Plant & Machinery 20% Reducing Balance
Motor Vehicles 10% Straight Line
Fixtures & Fittings 20% Reducing Balance
Computer Equipment 25% Straight Line
1.4. Taxation
Corporation 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.
2. Average Number of Employees
Average number of employees, including directors, during the year was:
2024 2023
Office and administration 2 2
2 2
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3. Tangible Assets
Land & Property
Leasehold Plant & Machinery Motor Vehicles Fixtures & Fittings
£ £ £ £
Cost
As at 1 October 2023 2,834 15,030 24,099 831
Additions - - - -
Disposals (350 ) - - -
As at 30 September 2024 2,484 15,030 24,099 831
Depreciation
As at 1 October 2023 850 8,963 19,882 615
Provided during the period 248 1,114 2,410 43
Disposals (105 ) - - -
As at 30 September 2024 993 10,077 22,292 658
Net Book Value
As at 30 September 2024 1,491 4,953 1,807 173
As at 1 October 2023 1,984 6,067 4,217 216
Computer Equipment Total
£ £
Cost
As at 1 October 2023 - 42,794
Additions 523 523
Disposals - (350 )
As at 30 September 2024 523 42,967
Depreciation
As at 1 October 2023 - 30,310
Provided during the period 131 3,946
Disposals - (105 )
As at 30 September 2024 131 34,151
Net Book Value
As at 30 September 2024 392 8,816
As at 1 October 2023 - 12,484
4. Debtors
2024 2023
£ £
Due within one year
Trade debtors 655 632
Prepayments and accrued income 6,717 6,655
Directors' loan accounts 161 -
7,533 7,287
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5. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
VAT 1,407 -
Other creditor 500 -
Accruals 2,606 2,592
Directors' loan accounts 51 95
4,564 2,687
6. Directors Advances, Credits and Guarantees
Included within Debtors/Creditors are the following loans from/to directors:
As at 1 October 2023 Amounts advanced Amounts repaid Amounts written off As at 30 September 2024
£ £ £ £ £
Ms Marta Briongos Bartolme 51 - - - 51
Mr Colin MacKinnon 44 20,291 20,496 - (161 )
The above loan is unsecured, interest free and repayable on demand.
7. Related Party Transactions
During the year Strathaven Airfield Limited paid rent of £55,200 (2023 - £45,200) to The Scottish Flying Club. The Scottish Flying Club is a partnership controlled by Mr C MacKinnon and Ms M Briongos who are Directors of Strathaven Airfield Limited.
8. Company limited by guarantee
The company is limited by guarantee and has no share capital.
Every member of the company undertakes to contribute to the assets of the company, in the event of a winding up, such an amount as may be required not exceeding £1.
9. Controlling Party
The company's controlling parties are Colin MacKinnon and Marta Briongos.
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