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 SC635580 Mrs Mary Downer Mr Stuart Downer iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure SC635580 2023-07-31 SC635580 2024-07-31 SC635580 2023-08-01 2024-07-31 SC635580 frs-core:CurrentFinancialInstruments 2024-07-31 SC635580 frs-core:Non-currentFinancialInstruments 2024-07-31 SC635580 frs-core:ComputerEquipment 2024-07-31 SC635580 frs-core:ComputerEquipment 2023-08-01 2024-07-31 SC635580 frs-core:ComputerEquipment 2023-07-31 SC635580 frs-core:FurnitureFittings 2024-07-31 SC635580 frs-core:FurnitureFittings 2023-08-01 2024-07-31 SC635580 frs-core:FurnitureFittings 2023-07-31 SC635580 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-07-31 SC635580 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-08-01 2024-07-31 SC635580 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-07-31 SC635580 frs-core:ShareCapital 2024-07-31 SC635580 frs-core:RetainedEarningsAccumulatedLosses 2024-07-31 SC635580 frs-bus:PrivateLimitedCompanyLtd 2023-08-01 2024-07-31 SC635580 frs-bus:FilletedAccounts 2023-08-01 2024-07-31 SC635580 frs-bus:SmallEntities 2023-08-01 2024-07-31 SC635580 frs-bus:AuditExempt-NoAccountantsReport 2023-08-01 2024-07-31 SC635580 frs-bus:SmallCompaniesRegimeForAccounts 2023-08-01 2024-07-31 SC635580 frs-bus:Director1 2023-08-01 2024-07-31 SC635580 frs-bus:Director2 2023-08-01 2024-07-31 SC635580 frs-countries:Scotland 2023-08-01 2024-07-31 SC635580 2022-07-31 SC635580 2023-07-31 SC635580 2022-08-01 2023-07-31 SC635580 frs-core:CurrentFinancialInstruments 2023-07-31 SC635580 frs-core:Non-currentFinancialInstruments 2023-07-31 SC635580 frs-core:ShareCapital 2023-07-31 SC635580 frs-core:RetainedEarningsAccumulatedLosses 2023-07-31
Registered number: SC635580
Fsd Hospitality Ltd
Unaudited Financial Statements
For The Year Ended 31 July 2024
J Bruce Andrew & Co Ltd
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—3
Page 1
Balance Sheet
Registered number: SC635580
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 136,944 139,513
136,944 139,513
CURRENT ASSETS
Stocks 5 2,635 8,114
Cash at bank and in hand 2,084 7,074
4,719 15,188
Creditors: Amounts Falling Due Within One Year 6 (153,312 ) (153,715 )
NET CURRENT ASSETS (LIABILITIES) (148,593 ) (138,527 )
TOTAL ASSETS LESS CURRENT LIABILITIES (11,649 ) 986
Creditors: Amounts Falling Due After More Than One Year 7 (8,069 ) (10,118 )
NET LIABILITIES (19,718 ) (9,132 )
CAPITAL AND RESERVES
Called up share capital 8 2 2
Profit and Loss Account (19,720 ) (9,134 )
SHAREHOLDERS' FUNDS (19,718) (9,132)
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 Stuart Downer
Director
28/04/2025
The notes on pages 2 to 3 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
Fsd Hospitality Ltd is a private company, limited by shares, incorporated in Scotland, registered number SC635580 . The registered office is 237 Neilston Road, Paisley, PA2 6PY.
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:
Freehold Non-depreciated
Fixtures & Fittings 25% reducing balance
Computer Equipment 20% reducing balance
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 year was: 8 (2023: 8)
8 8
4. Tangible Assets
Land & Property
Freehold Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 August 2023 129,460 21,786 547 151,793
As at 31 July 2024 129,460 21,786 547 151,793
Depreciation
As at 1 August 2023 - 11,951 329 12,280
Provided during the period - 2,460 109 2,569
As at 31 July 2024 - 14,411 438 14,849
...CONTINUED
Page 2
Page 3
Net Book Value
As at 31 July 2024 129,460 7,375 109 136,944
As at 1 August 2023 129,460 9,835 218 139,513
5. Stocks
2024 2023
£ £
Materials 2,635 8,114
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 743 5,741
Bank loans and overdrafts 5,460 5,460
Other taxes and social security 3,986 4,046
VAT 6,211 4,157
Accruals and deferred income 5,581 3,561
Directors' loan accounts 131,331 130,750
153,312 153,715
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 8,069 10,118
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 2 2
Page 3