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 SC350369 Mr Kenneth McLean iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure SC350369 2023-06-30 SC350369 2024-06-30 SC350369 2023-07-01 2024-06-30 SC350369 frs-core:CurrentFinancialInstruments 2024-06-30 SC350369 frs-core:Non-currentFinancialInstruments 2024-06-30 SC350369 frs-core:FurnitureFittings 2024-06-30 SC350369 frs-core:FurnitureFittings 2023-07-01 2024-06-30 SC350369 frs-core:FurnitureFittings 2023-06-30 SC350369 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-06-30 SC350369 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 SC350369 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-06-30 SC350369 frs-core:SharePremium 2024-06-30 SC350369 frs-core:ShareCapital 2024-06-30 SC350369 frs-core:RetainedEarningsAccumulatedLosses 2024-06-30 SC350369 frs-bus:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 SC350369 frs-bus:FilletedAccounts 2023-07-01 2024-06-30 SC350369 frs-bus:SmallEntities 2023-07-01 2024-06-30 SC350369 frs-bus:AuditExempt-NoAccountantsReport 2023-07-01 2024-06-30 SC350369 frs-bus:SmallCompaniesRegimeForAccounts 2023-07-01 2024-06-30 SC350369 frs-bus:Director1 2023-07-01 2024-06-30 SC350369 frs-countries:Scotland 2023-07-01 2024-06-30 SC350369 2022-06-30 SC350369 2023-06-30 SC350369 2022-07-01 2023-06-30 SC350369 frs-core:CurrentFinancialInstruments 2023-06-30 SC350369 frs-core:Non-currentFinancialInstruments 2023-06-30 SC350369 frs-core:SharePremium 2023-06-30 SC350369 frs-core:ShareCapital 2023-06-30 SC350369 frs-core:RetainedEarningsAccumulatedLosses 2023-06-30
Registered number: SC350369
Breken Inns Ltd.
Unaudited Financial Statements
For The Year Ended 30 June 2024
Gallone & Co
1a Torphichen Street
Haymarket
Edinburgh
EH3 8HX
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: SC350369
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 987,376 813,917
987,376 813,917
CURRENT ASSETS
Stocks 26,374 23,032
Debtors 5 1,340,907 1,482,384
Cash at bank and in hand 666,916 524,804
2,034,197 2,030,220
Creditors: Amounts Falling Due Within One Year 6 (321,311 ) (266,399 )
NET CURRENT ASSETS (LIABILITIES) 1,712,886 1,763,821
TOTAL ASSETS LESS CURRENT LIABILITIES 2,700,262 2,577,738
Creditors: Amounts Falling Due After More Than One Year 7 (11,765 ) (21,574 )
NET ASSETS 2,688,497 2,556,164
CAPITAL AND RESERVES
Called up share capital 8 100,000 100,000
Share premium account 1,095,000 1,095,000
Profit and Loss Account 1,493,497 1,361,164
SHAREHOLDERS' FUNDS 2,688,497 2,556,164
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 Kenneth McLean
Director
14/03/2025
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Breken Inns Ltd. is a private company, limited by shares, incorporated in Scotland, registered number SC350369 . The registered office is 1a Torphichen Street, Edinburgh, EH3 8HX.
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 0
Fixtures & Fittings 15% Reducing Balance
2.4. 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.
2.5. Government Grant
Government grants are recognised in the profit and loss account in an appropriate manner that matches them with the expenditure towards which they are intended to contribute.
Grants for immediate financial support or to cover costs already incurred are recognised immediately in the profit and loss account. Grants towards general activities of the entity over a specific period are recognised in the profit and loss account over that period.
Grants towards fixed assets are recognised over the expected useful lives of the related assets and are treated as deferred income and released to the profit and loss account over the useful life of the asset concerned.
All grants in the profit and loss account are recognised when all conditions for receipt have been complied with.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 21 (2023: 21)
21 21
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Page 4
4. Tangible Assets
Land & Property
Freehold Fixtures & Fittings Total
£ £ £
Cost
As at 1 July 2023 780,676 154,977 935,653
Additions 175,323 3,638 178,961
As at 30 June 2024 955,999 158,615 1,114,614
Depreciation
As at 1 July 2023 - 121,736 121,736
Provided during the period - 5,502 5,502
As at 30 June 2024 - 127,238 127,238
Net Book Value
As at 30 June 2024 955,999 31,377 987,376
As at 1 July 2023 780,676 33,241 813,917
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 18,853 21,972
Prepayments and accrued income 7,261 87,863
Inter company loans 1,314,793 1,372,549
1,340,907 1,482,384
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 62,084 75,040
Bank loans and overdrafts 10,648 10,787
Corporation tax 45,727 22,689
VAT 26,850 30,751
Other creditors 4,000 10,000
Director's loan account 172,002 117,132
321,311 266,399
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 11,765 21,574
Page 4
Page 5
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100,000 100,000
Page 5