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 SC425329 Mr David Watt Mrs Sharon Watt iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure SC425329 2023-06-30 SC425329 2024-06-30 SC425329 2023-07-01 2024-06-30 SC425329 frs-core:CurrentFinancialInstruments 2024-06-30 SC425329 frs-core:Non-currentFinancialInstruments 2024-06-30 SC425329 frs-core:ComputerEquipment 2024-06-30 SC425329 frs-core:ComputerEquipment 2023-07-01 2024-06-30 SC425329 frs-core:ComputerEquipment 2023-06-30 SC425329 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-06-30 SC425329 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 SC425329 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-06-30 SC425329 frs-core:MotorVehicles 2024-06-30 SC425329 frs-core:MotorVehicles 2023-07-01 2024-06-30 SC425329 frs-core:MotorVehicles 2023-06-30 SC425329 frs-core:PlantMachinery 2024-06-30 SC425329 frs-core:PlantMachinery 2023-07-01 2024-06-30 SC425329 frs-core:PlantMachinery 2023-06-30 SC425329 frs-core:ShareCapital 2024-06-30 SC425329 frs-core:RetainedEarningsAccumulatedLosses 2024-06-30 SC425329 frs-bus:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 SC425329 frs-bus:FilletedAccounts 2023-07-01 2024-06-30 SC425329 frs-bus:SmallEntities 2023-07-01 2024-06-30 SC425329 frs-bus:AuditExempt-NoAccountantsReport 2023-07-01 2024-06-30 SC425329 frs-bus:SmallCompaniesRegimeForAccounts 2023-07-01 2024-06-30 SC425329 frs-bus:Director1 2023-07-01 2024-06-30 SC425329 frs-bus:Director2 2023-07-01 2024-06-30 SC425329 frs-core:CurrentFinancialInstruments 1 2024-06-30 SC425329 frs-core:CurrentFinancialInstruments 2 2024-06-30 SC425329 frs-countries:Scotland 2023-07-01 2024-06-30 SC425329 2022-06-30 SC425329 2023-06-30 SC425329 2022-07-01 2023-06-30 SC425329 frs-core:CurrentFinancialInstruments 2023-06-30 SC425329 frs-core:Non-currentFinancialInstruments 2023-06-30 SC425329 frs-core:ShareCapital 2023-06-30 SC425329 frs-core:RetainedEarningsAccumulatedLosses 2023-06-30 SC425329 frs-core:CurrentFinancialInstruments 1 2023-06-30 SC425329 frs-core:CurrentFinancialInstruments 2 2023-06-30
Registered number: SC425329
The Davron Hotel Limited
Unaudited Financial Statements
For The Year Ended 30 June 2024
M Squared Accountants Ltd
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: SC425329
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 245,974 241,434
245,974 241,434
CURRENT ASSETS
Stocks 5 12,460 14,197
Debtors 6 607 241
Cash at bank and in hand 51,375 47,080
64,442 61,518
Creditors: Amounts Falling Due Within One Year 7 (117,744 ) (118,167 )
NET CURRENT ASSETS (LIABILITIES) (53,302 ) (56,649 )
TOTAL ASSETS LESS CURRENT LIABILITIES 192,672 184,785
Creditors: Amounts Falling Due After More Than One Year 8 (24,414 ) (42,833 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (16,102 ) (10,564 )
NET ASSETS 152,156 131,388
CAPITAL AND RESERVES
Called up share capital 10 50,000 50,000
Profit and Loss Account 102,156 81,388
SHAREHOLDERS' FUNDS 152,156 131,388
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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
Mr David Watt
Director
Mrs Sharon Watt
Director
05/03/2025
The notes on pages 3 to 5 form part of these financial statements.
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Page 3
Notes to the Financial Statements
1. General Information
The Davron Hotel Limited is a private company, limited by shares, incorporated in Scotland, registered number SC425329 . The registered office is Bank House, Seaforth Street, Fraserburgh, Aberdeenshire, AB43 9BB.
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 10% RB / 50 years
Plant & Machinery 25% RB
Motor Vehicles 25% RB
Computer Equipment 25% RB
2.4. Leasing and Hire Purchase Contracts
Assets obtained under 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.
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. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
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2.6. 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 years 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 assets reflect 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 and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are 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: 34 (2023: 29)
34 29
4. Tangible Assets
Land & Property
Freehold Plant & Machinery Motor Vehicles Computer Equipment Total
£ £ £ £ £
Cost
As at 1 July 2023 328,678 67,086 12,650 632 409,046
Additions 15,911 4,832 - - 20,743
As at 30 June 2024 344,589 71,918 12,650 632 429,789
Depreciation
As at 1 July 2023 106,835 56,785 3,360 632 167,612
Provided during the period 10,277 3,603 2,323 - 16,203
As at 30 June 2024 117,112 60,388 5,683 632 183,815
Net Book Value
As at 30 June 2024 227,477 11,530 6,967 - 245,974
As at 1 July 2023 221,843 10,301 9,290 - 241,434
5. Stocks
2024 2023
£ £
Materials 12,460 14,197
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6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 607 241
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 25,279 25,300
Bank loans and overdrafts 18,278 18,804
Other loans (427 ) 2,730
Corporation tax 5,542 -
Other taxes and social security 3,034 2,548
VAT 30,963 27,491
Company credit card 132 582
Gift vouchers control account 1,082 3,548
Pension Creditor 1,047 -
Accruals and deferred income 4,431 3,535
Directors' loan accounts 28,383 33,629
117,744 118,167
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 24,414 42,833
10. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 50,000 50,000
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