Acorah Software Products - Accounts Production 16.1.300 false true 31 December 2022 1 January 2022 false 1 January 2023 31 December 2023 31 December 2023 SC373735 Mr G Lindsay Mr S Thomson iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure SC373735 2022-12-31 SC373735 2023-12-31 SC373735 2023-01-01 2023-12-31 SC373735 frs-core:CurrentFinancialInstruments 2023-12-31 SC373735 frs-core:Non-currentFinancialInstruments 2023-12-31 SC373735 frs-core:BetweenOneFiveYears 2023-12-31 SC373735 frs-core:ComputerEquipment 2023-12-31 SC373735 frs-core:ComputerEquipment 2023-01-01 2023-12-31 SC373735 frs-core:ComputerEquipment 2022-12-31 SC373735 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-12-31 SC373735 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-01-01 2023-12-31 SC373735 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2022-12-31 SC373735 frs-core:MotorVehicles 2023-01-01 2023-12-31 SC373735 frs-core:PlantMachinery 2023-12-31 SC373735 frs-core:PlantMachinery 2023-01-01 2023-12-31 SC373735 frs-core:PlantMachinery 2022-12-31 SC373735 frs-core:WithinOneYear 2023-12-31 SC373735 frs-core:ShareCapital 2023-12-31 SC373735 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 SC373735 frs-bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 SC373735 frs-bus:FilletedAccounts 2023-01-01 2023-12-31 SC373735 frs-bus:SmallEntities 2023-01-01 2023-12-31 SC373735 frs-bus:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 SC373735 frs-bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 SC373735 frs-bus:Director1 2023-01-01 2023-12-31 SC373735 frs-bus:Director1 2022-12-31 SC373735 frs-bus:Director1 2023-12-31 SC373735 frs-bus:CompanySecretary1 2023-01-01 2023-12-31 SC373735 frs-countries:Scotland 2023-01-01 2023-12-31 SC373735 2021-12-31 SC373735 2022-12-31 SC373735 2022-01-01 2022-12-31 SC373735 frs-core:CurrentFinancialInstruments 2022-12-31 SC373735 frs-core:Non-currentFinancialInstruments 2022-12-31 SC373735 frs-core:BetweenOneFiveYears 2022-12-31 SC373735 frs-core:PlantMachinery 2022-01-01 2022-12-31 SC373735 frs-core:WithinOneYear 2022-12-31 SC373735 frs-core:ShareCapital 2022-12-31 SC373735 frs-core:RetainedEarningsAccumulatedLosses 2022-12-31
Registered number: SC373735
Lindsay Scaffolding Contracts Ltd.
Unaudited Financial Statements
For The Year Ended 31 December 2023
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: SC373735
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 913,907 889,894
913,907 889,894
CURRENT ASSETS
Debtors 5 668,151 394,456
Cash at bank and in hand 29,286 18,730
697,437 413,186
Creditors: Amounts Falling Due Within One Year 6 (1,014,395 ) (867,044 )
NET CURRENT ASSETS (LIABILITIES) (316,958 ) (453,858 )
TOTAL ASSETS LESS CURRENT LIABILITIES 596,949 436,036
Creditors: Amounts Falling Due After More Than One Year 7 (60,968 ) (151,002 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (194,570 ) (138,818 )
NET ASSETS 341,411 146,216
CAPITAL AND RESERVES
Called up share capital 10 2 2
Profit and Loss Account 341,409 146,214
SHAREHOLDERS' FUNDS 341,411 146,216
Page 1
Page 2
For the year ending 31 December 2023 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 G Lindsay
Director
24 March 2025
The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Lindsay Scaffolding Contracts Ltd. is a private company, limited by shares, incorporated in Scotland, registered number SC373735 . The registered office is 28 Craigentinny Avenue North, Edinburgh, EH6 7LJ.
The presentation currency of the financial statements is the Pound Sterling (£).
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. 
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:
Leasehold 10% Straight Line
Plant & Machinery 1/30 Straight Line
Motor Vehicles 20% Reducing Balance
Computer Equipment 1/3 Straight Line
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. 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.
...CONTINUED
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2.5. Taxation - continued
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 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 40 (2022: 37)
40 37
4. Tangible Assets
Land & Property
Leasehold Plant & Machinery Computer Equipment Total
£ £ £ £
Cost
As at 1 January 2023 236,513 1,402,322 9,899 1,648,734
Additions 5,000 107,862 233 113,095
As at 31 December 2023 241,513 1,510,184 10,132 1,761,829
Depreciation
As at 1 January 2023 124,657 625,090 9,093 758,840
Provided during the period 24,157 64,300 625 89,082
As at 31 December 2023 148,814 689,390 9,718 847,922
Net Book Value
As at 31 December 2023 92,699 820,794 414 913,907
As at 1 January 2023 111,856 777,232 806 889,894
Included above are assets held under finance leases or hire purchase contracts with a net book value as follows:
2023 2022
£ £
Plant & Machinery 225,895 374,604
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5. Debtors
2023 2022
£ £
Due within one year
Trade debtors 73,064 250,476
Amounts recoverable on contracts 111,026 100,346
Prepayments and accrued income 32,019 43,634
Other debtors 104,806 -
Other taxes and social security 36,701 -
Director's loan account 310,535 -
668,151 394,456
6. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Net obligations under finance lease and hire purchase contracts 62,239 67,637
Trade creditors 257,654 232,453
Bank loans and overdrafts 53,251 52,250
Other creditors 109,144 124,862
Taxation and social security 532,107 389,842
1,014,395 867,044
7. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Net obligations under finance lease and hire purchase contracts 46,828 106,138
Bank loans 14,140 44,864
60,968 151,002
8. Secured Creditors
Of the creditors the following amounts are secured.
The loan is secured by a personal guarantee provided by the director.
The Hire Purchase and Finance Lease agreements are secured by a bond and floating charge over the assets of the company.
2023 2022
£ £
Net obligations under finance lease and hire purchase contracts 109,167 173,775
Bank loans and overdrafts 67,391 97,114
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9. Obligations Under Finance Leases and Hire Purchase
2023 2022
£ £
The future minimum finance lease payments are as follows:
Not later than one year 62,239 67,637
Later than one year and not later than five years 46,828 106,138
109,067 173,775
109,067 173,775
10. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 2 2
11. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 January 2023 Amounts advanced Amounts repaid Amounts written off As at 31 December 2023
£ £ £ £ £
Mr Grant Lindsay (540 ) 404,494 (93,419 ) - 310,535
The above loan is unsecured, interest free and repayable on demand.
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