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 SC539574 Ms Jennifer Rankin Mr Roderick Rankin iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure SC539574 2023-07-31 SC539574 2024-07-31 SC539574 2023-08-01 2024-07-31 SC539574 frs-core:CurrentFinancialInstruments 2024-07-31 SC539574 frs-core:Non-currentFinancialInstruments 2024-07-31 SC539574 frs-core:BetweenOneFiveYears 2024-07-31 SC539574 frs-core:ComputerEquipment 2024-07-31 SC539574 frs-core:ComputerEquipment 2023-08-01 2024-07-31 SC539574 frs-core:ComputerEquipment 2023-07-31 SC539574 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-07-31 SC539574 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-08-01 2024-07-31 SC539574 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-07-31 SC539574 frs-core:MotorVehicles 2024-07-31 SC539574 frs-core:MotorVehicles 2023-08-01 2024-07-31 SC539574 frs-core:MotorVehicles 2023-07-31 SC539574 frs-core:PlantMachinery 2024-07-31 SC539574 frs-core:PlantMachinery 2023-08-01 2024-07-31 SC539574 frs-core:PlantMachinery 2023-07-31 SC539574 frs-core:ShareCapital 2024-07-31 SC539574 frs-core:RetainedEarningsAccumulatedLosses 2024-07-31 SC539574 frs-bus:PrivateLimitedCompanyLtd 2023-08-01 2024-07-31 SC539574 frs-bus:FilletedAccounts 2023-08-01 2024-07-31 SC539574 frs-bus:SmallEntities 2023-08-01 2024-07-31 SC539574 frs-bus:AuditExempt-NoAccountantsReport 2023-08-01 2024-07-31 SC539574 frs-bus:SmallCompaniesRegimeForAccounts 2023-08-01 2024-07-31 SC539574 frs-bus:Director1 2023-08-01 2024-07-31 SC539574 frs-bus:Director2 2023-08-01 2024-07-31 SC539574 frs-core:CurrentFinancialInstruments 2 2024-07-31 SC539574 frs-core:CurrentFinancialInstruments 3 2024-07-31 SC539574 frs-countries:Scotland 2023-08-01 2024-07-31 SC539574 2022-07-31 SC539574 2023-07-31 SC539574 2022-08-01 2023-07-31 SC539574 frs-core:CurrentFinancialInstruments 2023-07-31 SC539574 frs-core:Non-currentFinancialInstruments 2023-07-31 SC539574 frs-core:BetweenOneFiveYears 2023-07-31 SC539574 frs-core:WithinOneYear 2023-07-31 SC539574 frs-core:ShareCapital 2023-07-31 SC539574 frs-core:RetainedEarningsAccumulatedLosses 2023-07-31 SC539574 frs-core:CurrentFinancialInstruments 2 2023-07-31 SC539574 frs-core:CurrentFinancialInstruments 3 2023-07-31
Registered number: SC539574
Ecosse Plastic Supplies Ltd
Unaudited Financial Statements
For The Year Ended 31 July 2024
SBS Accountancy
Haypark Business Centre
Marchmont Avenue
Polmont
FK2 0NZ
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: SC539574
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 13,837 22,422
13,837 22,422
CURRENT ASSETS
Stocks 5 49,842 69,753
Debtors 6 47,563 55,969
Cash at bank and in hand 2,637 12,199
100,042 137,921
Creditors: Amounts Falling Due Within One Year 7 (205,674 ) (150,906 )
NET CURRENT ASSETS (LIABILITIES) (105,632 ) (12,985 )
TOTAL ASSETS LESS CURRENT LIABILITIES (91,795 ) 9,437
Creditors: Amounts Falling Due After More Than One Year 8 (41,493 ) (59,165 )
NET LIABILITIES (133,288 ) (49,728 )
CAPITAL AND RESERVES
Called up share capital 10 100 100
Profit and Loss Account (133,388 ) (49,828 )
SHAREHOLDERS' FUNDS (133,288) (49,728)
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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
Ms Jennifer Rankin
Director
20th March 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
Ecosse Plastic Supplies Ltd is a private company, limited by shares, incorporated in Scotland, registered number SC539574 . The registered office is 42 Burnhead Road, Larbert, FK5 4AZ.
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:
Leasehold Over the leade term
Plant & Machinery 25% straight line
Motor Vehicles 25% straight line
Computer Equipment 25% 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. 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 year was: 4 (2023: 4)
4 4
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4. Tangible Assets
Land & Property
Leasehold Plant & Machinery Motor Vehicles Computer Equipment Total
£ £ £ £ £
Cost
As at 1 August 2023 1,049 10,548 32,923 832 45,352
Additions - - - 158 158
As at 31 July 2024 1,049 10,548 32,923 990 45,510
Depreciation
As at 1 August 2023 1,049 10,283 10,974 624 22,930
Provided during the period - 265 8,231 247 8,743
As at 31 July 2024 1,049 10,548 19,205 871 31,673
Net Book Value
As at 31 July 2024 - - 13,718 119 13,837
As at 1 August 2023 - 265 21,949 208 22,422
5. Stocks
2024 2023
£ £
Stock 49,842 69,753
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 18,221 29,284
Prepayments and accrued income 5,729 2,497
Other debtors 21,340 21,340
Net wages 2,273 2,848
47,563 55,969
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 96,797 84,407
Other loans 41,038 -
Corporation tax 1,295 6,190
Other taxes and social security 15,119 8,215
VAT 19,796 6,072
Other creditors 373 373
Other creditors (2) 16,463 16,463
Other creditors (3) 246 (666 )
Accruals and deferred income 4,046 11,085
Directors' loan accounts 10,501 18,767
205,674 150,906
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8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 22,938 29,962
Bank loans 18,555 29,203
41,493 59,165
9. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year - -
Later than one year and not later than five years 22,938 29,962
22,938 29,962
22,938 29,962
10. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
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