Acorah Software Products - Accounts Production 16.2.850 false true 31 July 2023 1 August 2022 false 1 August 2023 31 July 2024 31 July 2024 SC378947 Mr James McPake Mrs Karen McPake Mr Stewart McDiarmid Mrs Susan McDiarmid iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure SC378947 2023-07-31 SC378947 2024-07-31 SC378947 2023-08-01 2024-07-31 SC378947 frs-core:CurrentFinancialInstruments 2024-07-31 SC378947 frs-core:Non-currentFinancialInstruments 2024-07-31 SC378947 frs-core:ComputerEquipment 2024-07-31 SC378947 frs-core:ComputerEquipment 2023-08-01 2024-07-31 SC378947 frs-core:ComputerEquipment 2023-07-31 SC378947 frs-core:NetGoodwill 2024-07-31 SC378947 frs-core:NetGoodwill 2023-08-01 2024-07-31 SC378947 frs-core:NetGoodwill 2023-07-31 SC378947 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-07-31 SC378947 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-08-01 2024-07-31 SC378947 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-07-31 SC378947 frs-core:MotorVehicles 2024-07-31 SC378947 frs-core:MotorVehicles 2023-08-01 2024-07-31 SC378947 frs-core:MotorVehicles 2023-07-31 SC378947 frs-core:PlantMachinery 2024-07-31 SC378947 frs-core:PlantMachinery 2023-08-01 2024-07-31 SC378947 frs-core:PlantMachinery 2023-07-31 SC378947 frs-core:ShareCapital 2024-07-31 SC378947 frs-core:RetainedEarningsAccumulatedLosses 2024-07-31 SC378947 frs-bus:PrivateLimitedCompanyLtd 2023-08-01 2024-07-31 SC378947 frs-bus:FilletedAccounts 2023-08-01 2024-07-31 SC378947 frs-bus:SmallEntities 2023-08-01 2024-07-31 SC378947 frs-bus:AuditExempt-NoAccountantsReport 2023-08-01 2024-07-31 SC378947 frs-bus:SmallCompaniesRegimeForAccounts 2023-08-01 2024-07-31 SC378947 frs-bus:Director1 2023-08-01 2024-07-31 SC378947 frs-bus:Director2 2023-08-01 2024-07-31 SC378947 frs-bus:Director3 2023-08-01 2024-07-31 SC378947 frs-bus:Director4 2023-08-01 2024-07-31 SC378947 frs-countries:Scotland 2023-08-01 2024-07-31 SC378947 2022-07-31 SC378947 2023-07-31 SC378947 2022-08-01 2023-07-31 SC378947 frs-core:CurrentFinancialInstruments 2023-07-31 SC378947 frs-core:Non-currentFinancialInstruments 2023-07-31 SC378947 frs-core:ShareCapital 2023-07-31 SC378947 frs-core:RetainedEarningsAccumulatedLosses 2023-07-31
Registered number: SC378947
Central Garage (Stirling) Ltd
Unaudited Financial Statements
For The Year Ended 31 July 2024
First Base Accountants
Pavilion 2
Castlecraig Business Park
Stirling
FK7 7SH
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: SC378947
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 5 135,807 9,061
135,807 9,061
CURRENT ASSETS
Stocks 6 2,968 4,346
Debtors 7 1,915 53,878
Cash at bank and in hand 130,640 85,385
135,523 143,609
Creditors: Amounts Falling Due Within One Year 8 (111,514 ) (59,086 )
NET CURRENT ASSETS (LIABILITIES) 24,009 84,523
TOTAL ASSETS LESS CURRENT LIABILITIES 159,816 93,584
Creditors: Amounts Falling Due After More Than One Year 9 (41,163 ) (14,695 )
NET ASSETS 118,653 78,889
CAPITAL AND RESERVES
Called up share capital 11 100 100
Profit and Loss Account 118,553 78,789
SHAREHOLDERS' FUNDS 118,653 78,889
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For the year ending 31 July 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 James McPake
Director
Mr Stewart McDiarmid
Director
16/04/2025
The notes on pages 3 to 6 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Central Garage (Stirling) Ltd is a private company, limited by shares, incorporated in Scotland, registered number SC378947 . The registered office is 23 Borestone Crescent, Stirling, FK7 9BG.
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. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of .... years.
2.4. 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%
Plant & Machinery 25% on reducing balance
Motor Vehicles 25% on reducing balance
Computer Equipment 25% on reducing balance
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2.5. 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.
2.6. 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.
2.7. 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: 5 (2023: 5)
5 5
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4. Intangible Assets
Goodwill
£
Cost
As at 1 August 2023 10,000
As at 31 July 2024 10,000
Amortisation
As at 1 August 2023 10,000
As at 31 July 2024 10,000
Net Book Value
As at 31 July 2024 -
As at 1 August 2023 -
5. Tangible Assets
Land & Property
Freehold Plant & Machinery Motor Vehicles Computer Equipment Total
£ £ £ £ £
Cost
As at 1 August 2023 - 29,626 37,195 2,770 69,591
Additions 120,995 6,988 3,700 - 131,683
As at 31 July 2024 120,995 36,614 40,895 2,770 201,274
Depreciation
As at 1 August 2023 - 25,490 33,534 1,506 60,530
Provided during the period - 2,781 1,840 316 4,937
As at 31 July 2024 - 28,271 35,374 1,822 65,467
Net Book Value
As at 31 July 2024 120,995 8,343 5,521 948 135,807
As at 1 August 2023 - 4,136 3,661 1,264 9,061
6. Stocks
2024 2023
£ £
Finished goods 2,968 3,300
Work in progress - 1,046
2,968 4,346
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7. Debtors
2024 2023
£ £
Due within one year
Trade debtors 1,335 5,614
Other debtors 580 48,264
1,915 53,878
8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 23,767 15,741
Bank loans and overdrafts 18,888 8,519
Other creditors 31,242 7,188
Taxation and social security 37,617 27,638
111,514 59,086
9. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 41,163 14,695
11. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
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