Acorah Software Products - Accounts Production 16.1.300 false true false 14 August 2023 31 August 2024 31 August 2024 SC779051 Miss Nicola McGeachie Mr Barrie Gibson iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure SC779051 2023-08-13 SC779051 2024-08-31 SC779051 2023-08-14 2024-08-31 SC779051 frs-core:CurrentFinancialInstruments 2024-08-31 SC779051 frs-core:ComputerEquipment 2024-08-31 SC779051 frs-core:ComputerEquipment 2023-08-14 2024-08-31 SC779051 frs-core:ComputerEquipment 2023-08-13 SC779051 frs-core:FurnitureFittings 2024-08-31 SC779051 frs-core:FurnitureFittings 2023-08-14 2024-08-31 SC779051 frs-core:FurnitureFittings 2023-08-13 SC779051 frs-core:PlantMachinery 2024-08-31 SC779051 frs-core:PlantMachinery 2023-08-14 2024-08-31 SC779051 frs-core:PlantMachinery 2023-08-13 SC779051 frs-core:ShareCapital 2024-08-31 SC779051 frs-core:RetainedEarningsAccumulatedLosses 2024-08-31 SC779051 frs-bus:PrivateLimitedCompanyLtd 2023-08-14 2024-08-31 SC779051 frs-bus:FilletedAccounts 2023-08-14 2024-08-31 SC779051 frs-bus:SmallEntities 2023-08-14 2024-08-31 SC779051 frs-bus:AuditExempt-NoAccountantsReport 2023-08-14 2024-08-31 SC779051 frs-bus:SmallCompaniesRegimeForAccounts 2023-08-14 2024-08-31 SC779051 frs-bus:Director1 2023-08-14 2024-08-31 SC779051 frs-bus:Director1 2023-08-13 SC779051 frs-bus:Director1 2024-08-31 SC779051 frs-bus:Director2 2023-08-14 2024-08-31 SC779051 frs-countries:Scotland 2023-08-14 2024-08-31
Registered number: SC779051
Harbour Lights Irvine Limited
Unaudited Financial Statements
For the Period 14 August 2023 to 31 August 2024
RS Hospitality Solutions
Clifford Court
Cooper Way
Carlisle
Cumbria
CA3 0JG
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: SC779051
31 August 2024
Notes £ £
FIXED ASSETS
Tangible Assets 4 30,539
30,539
CURRENT ASSETS
Stocks 5 13,124
Debtors 6 7,940
Cash at bank and in hand 8,346
29,410
Creditors: Amounts Falling Due Within One Year 7 (64,810 )
NET CURRENT ASSETS (LIABILITIES) (35,400 )
TOTAL ASSETS LESS CURRENT LIABILITIES (4,861 )
NET LIABILITIES (4,861 )
CAPITAL AND RESERVES
Called up share capital 8 2
Profit and Loss Account (4,863 )
SHAREHOLDERS' FUNDS (4,861)
Page 1
Page 2
For the period ending 31 August 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
Miss Nicola McGeachie
Director
31 October 2024
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
Harbour Lights Irvine Limited is a private company, limited by shares, incorporated in Scotland, registered number SC779051 . The registered office is 6 Harbour Street, Irvine, KA12 8PY.
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:
Plant & Machinery 20% Reducing Balance
Fixtures & Fittings 20% Reducing Balance
Computer Equipment 33% Straight Line
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.
3. Average Number of Employees
Average number of employees, including directors, during the period was: 31
31
4. Tangible Assets
Plant & Machinery Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 14 August 2023 - - - -
Additions 11,237 22,240 1,370 34,847
As at 31 August 2024 11,237 22,240 1,370 34,847
Depreciation
As at 14 August 2023 - - - -
Provided during the period 812 3,232 264 4,308
As at 31 August 2024 812 3,232 264 4,308
...CONTINUED
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Net Book Value
As at 31 August 2024 10,425 19,008 1,106 30,539
As at 14 August 2023 - - - -
5. Stocks
31 August 2024
£
Stock 13,124
6. Debtors
31 August 2024
£
Due within one year
Other debtors 7,940
7. Creditors: Amounts Falling Due Within One Year
31 August 2024
£
Trade creditors 23,816
Other creditors 2,624
Taxation and social security 38,370
64,810
8. Share Capital
31 August 2024
£
Allotted, Called up and fully paid 2
9. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 14 August 2023 Amounts advanced Amounts repaid Amounts written off As at 31 August 2024
£ £ £ £ £
Miss Nicola McGeachie - 191,952 (184,397 ) - 7,554
The above loan is unsecured, interest free and repayable on demand.
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