Acorah Software Products - Accounts Production 16.2.800 false true 29 February 2024 1 March 2023 false 1 March 2024 28 February 2025 28 February 2025 SC655716 Mr Steven Wood Mr Wood true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure SC655716 2024-02-29 SC655716 2025-02-28 SC655716 2024-03-01 2025-02-28 SC655716 frs-core:CurrentFinancialInstruments 2025-02-28 SC655716 frs-core:Non-currentFinancialInstruments 2025-02-28 SC655716 frs-core:BetweenOneFiveYears 2025-02-28 SC655716 frs-core:ComputerEquipment 2025-02-28 SC655716 frs-core:ComputerEquipment 2024-03-01 2025-02-28 SC655716 frs-core:ComputerEquipment 2024-02-29 SC655716 frs-core:FurnitureFittings 2025-02-28 SC655716 frs-core:FurnitureFittings 2024-03-01 2025-02-28 SC655716 frs-core:FurnitureFittings 2024-02-29 SC655716 frs-core:MotorVehicles 2025-02-28 SC655716 frs-core:MotorVehicles 2024-03-01 2025-02-28 SC655716 frs-core:MotorVehicles 2024-02-29 SC655716 frs-core:PlantMachinery 2025-02-28 SC655716 frs-core:PlantMachinery 2024-03-01 2025-02-28 SC655716 frs-core:PlantMachinery 2024-02-29 SC655716 frs-core:WithinOneYear 2025-02-28 SC655716 frs-core:ShareCapital 2025-02-28 SC655716 frs-core:RetainedEarningsAccumulatedLosses 2025-02-28 SC655716 frs-bus:PrivateLimitedCompanyLtd 2024-03-01 2025-02-28 SC655716 frs-bus:FilletedAccounts 2024-03-01 2025-02-28 SC655716 frs-bus:SmallEntities 2024-03-01 2025-02-28 SC655716 frs-bus:AuditExemptWithAccountantsReport 2024-03-01 2025-02-28 SC655716 frs-bus:SmallCompaniesRegimeForAccounts 2024-03-01 2025-02-28 SC655716 1 2024-03-01 2025-02-28 SC655716 frs-bus:Director1 2024-03-01 2025-02-28 SC655716 frs-bus:Director1 2024-02-29 SC655716 frs-bus:Director1 2025-02-28 SC655716 frs-countries:Scotland 2024-03-01 2025-02-28 SC655716 2023-02-28 SC655716 2024-02-29 SC655716 2023-03-01 2024-02-29 SC655716 frs-core:CurrentFinancialInstruments 2024-02-29 SC655716 frs-core:Non-currentFinancialInstruments 2024-02-29 SC655716 frs-core:BetweenOneFiveYears 2024-02-29 SC655716 frs-core:WithinOneYear 2024-02-29 SC655716 frs-core:ShareCapital 2024-02-29 SC655716 frs-core:RetainedEarningsAccumulatedLosses 2024-02-29
Registered number: SC655716
Steven Wood Fresh Fish Ltd
Financial Statements
For The Year Ended 28 February 2025
Gillespie's Fife
Contents
Page
Accountants' Report 1
Balance Sheet 2—3
Notes to the Financial Statements 4—7
Page 1
Accountants' Report
Chartered Accountants' report to the director on the preparation of the unaudited statutory accounts of Steven Wood Fresh Fish Ltd for the year ended 28 February 2025
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Steven Wood Fresh Fish Ltd for the year ended 28 February 2025 which comprise the Profit and Loss Account, the Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given to us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at http://www.icaew.com/en/membership/regulations-standards-and-guidance.
This report is made solely to the director of Steven Wood Fresh Fish Ltd , as a body, in accordance with the terms of our engagement letter dated 29 November 2021. Our work has been undertaken solely to prepare for your approval the accounts of Steven Wood Fresh Fish Ltd and state those matters that we have agreed to state to the director of Steven Wood Fresh Fish Ltd , as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Steven Wood Fresh Fish Ltd and its director, as a body, for our work or for this report.
It is your duty to ensure that Steven Wood Fresh Fish Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit or loss of Steven Wood Fresh Fish Ltd . You consider that Steven Wood Fresh Fish Ltd is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit of the accounts of Steven Wood Fresh Fish Ltd . For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the financial statements.
Signed
2nd April 2025
Gillespie's Fife
Accountants
Fric Ajax Way
Methil
Leven
KY8 3RS
Page 1
Page 2
Balance Sheet
Registered number: SC655716
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 18,072 20,475
18,072 20,475
CURRENT ASSETS
Stocks 5 450 400
Debtors 6 26,532 39,390
Cash at bank and in hand 6,395 5,846
33,377 45,636
Creditors: Amounts Falling Due Within One Year 7 (15,977 ) (10,848 )
NET CURRENT ASSETS (LIABILITIES) 17,400 34,788
TOTAL ASSETS LESS CURRENT LIABILITIES 35,472 55,263
Creditors: Amounts Falling Due After More Than One Year 8 (4,277 ) (11,608 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (3,603 ) (3,890 )
NET ASSETS 27,592 39,765
CAPITAL AND RESERVES
Called up share capital 10 1 1
Profit and Loss Account 27,591 39,764
SHAREHOLDERS' FUNDS 27,592 39,765
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Page 3
For the year ending 28 February 2025 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 Steven Wood
Director
2nd April 2025
The notes on pages 4 to 7 form part of these financial statements.
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Page 4
Notes to the Financial Statements
1. General Information
Steven Wood Fresh Fish Ltd is a private company, limited by shares, incorporated in Scotland, registered number SC655716 . The registered office is 29 Burn Drive , St. Monans, Anstruther, Fife, KY10 2FG.
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. Turnover represents revenue earned from the sale of goods. 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.
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
Motor Vehicles 20% Reducing Balance
Fixtures & Fittings 20% Reducing Balance
Computer Equipment 20% Reducing Balance
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.
2.6. Taxation
Coporation 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.
...CONTINUED
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2.6. Taxation - continued
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: 2 (2024: 2)
2 2
4. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 March 2024 514 25,315 - 31 25,860
Additions 225 - 1,890 - 2,115
As at 28 February 2025 739 25,315 1,890 31 27,975
Depreciation
As at 1 March 2024 304 5,063 - 18 5,385
Provided during the period 87 4,050 378 3 4,518
As at 28 February 2025 391 9,113 378 21 9,903
Net Book Value
As at 28 February 2025 348 16,202 1,512 10 18,072
As at 1 March 2024 210 20,252 - 13 20,475
5. Stocks
2025 2024
£ £
Materials 450 400
6. Debtors
2025 2024
£ £
Due within one year
Prepayments and accrued income 692 -
VAT 442 4,174
Director's loan account 25,398 35,216
26,532 39,390
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7. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Net obligations under finance lease and hire purchase contracts 7,331 7,331
Trade creditors 630 445
Corporation tax 6,345 1,829
Other taxes and social security 331 -
Accruals and deferred income 1,340 1,243
15,977 10,848
8. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Net obligations under finance lease and hire purchase contracts 4,277 11,608
9. Obligations Under Finance Leases and Hire Purchase
2025 2024
£ £
The future minimum finance lease payments are as follows:
Not later than one year 7,331 7,331
Later than one year and not later than five years 4,277 11,608
11,608 18,939
Less: Finance charges allocated to future periods - -
11,608 18,939
10. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 1 1
11. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 March 2024 Amounts advanced Amounts repaid Amounts written off As at 28 February 2025
£ £ £ £ £
Mr Steven Wood 35,216 38,250 (48,068 ) - 25,398
The above loan is unsecured, interest free and repayable on demand.
12. Dividends
2025 2024
£ £
On equity shares:
Final dividend paid 35,216 14,200
Dividends of £25,400 were declared on 19 March 2025.
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13. Ultimate Controlling Party
The company's ultimate controlling party is Mr Wood by virtue of his ownership of 100% of the issued share capital in the company.
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