Acorah Software Products - Accounts Production 16.2.850 false true 30 September 2023 1 October 2022 false 1 October 2023 30 September 2024 30 September 2024 SC237291 Miss Cara-Anne Mackay Mr John Mackay Mr Alastair Gillies Mr Gordon Sinclair Miss Cara-Anne Mackay Mrs Catherine Ryan iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure SC237291 2023-09-30 SC237291 2024-09-30 SC237291 2023-10-01 2024-09-30 SC237291 frs-core:CurrentFinancialInstruments 2024-09-30 SC237291 frs-core:Non-currentFinancialInstruments 2024-09-30 SC237291 frs-core:BetweenOneFiveYears 2024-09-30 SC237291 frs-core:ComputerEquipment 2024-09-30 SC237291 frs-core:ComputerEquipment 2023-10-01 2024-09-30 SC237291 frs-core:ComputerEquipment 2023-09-30 SC237291 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-10-01 2024-09-30 SC237291 frs-core:FurnitureFittings 2024-09-30 SC237291 frs-core:FurnitureFittings 2023-10-01 2024-09-30 SC237291 frs-core:FurnitureFittings 2023-09-30 SC237291 frs-core:NetGoodwill 2024-09-30 SC237291 frs-core:NetGoodwill 2023-10-01 2024-09-30 SC237291 frs-core:NetGoodwill 2023-09-30 SC237291 frs-core:MotorVehicles 2024-09-30 SC237291 frs-core:MotorVehicles 2023-10-01 2024-09-30 SC237291 frs-core:MotorVehicles 2023-09-30 SC237291 frs-core:OtherResidualIntangibleAssets 2024-09-30 SC237291 frs-core:OtherResidualIntangibleAssets 2023-10-01 2024-09-30 SC237291 frs-core:OtherResidualIntangibleAssets 2023-09-30 SC237291 frs-core:PlantMachinery 2024-09-30 SC237291 frs-core:PlantMachinery 2023-10-01 2024-09-30 SC237291 frs-core:PlantMachinery 2023-09-30 SC237291 frs-core:ShareCapital 2024-09-30 SC237291 frs-core:RetainedEarningsAccumulatedLosses 2024-09-30 SC237291 frs-bus:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 SC237291 frs-bus:FilletedAccounts 2023-10-01 2024-09-30 SC237291 frs-bus:SmallEntities 2023-10-01 2024-09-30 SC237291 frs-bus:AuditExempt-NoAccountantsReport 2023-10-01 2024-09-30 SC237291 frs-bus:SmallCompaniesRegimeForAccounts 2023-10-01 2024-09-30 SC237291 frs-bus:Director1 2023-10-01 2024-09-30 SC237291 frs-bus:Director2 2023-10-01 2024-09-30 SC237291 frs-bus:Director3 2023-10-01 2024-09-30 SC237291 frs-bus:Director4 2023-10-01 2024-09-30 SC237291 frs-bus:CompanySecretary1 2023-10-01 2024-09-30 SC237291 frs-bus:CompanySecretary2 2023-10-01 2024-09-30 SC237291 frs-countries:Scotland 2023-10-01 2024-09-30 SC237291 2022-09-30 SC237291 2023-09-30 SC237291 2022-10-01 2023-09-30 SC237291 frs-core:CurrentFinancialInstruments 2023-09-30 SC237291 frs-core:Non-currentFinancialInstruments 2023-09-30 SC237291 frs-core:BetweenOneFiveYears 2023-09-30 SC237291 frs-core:ShareCapital 2023-09-30 SC237291 frs-core:RetainedEarningsAccumulatedLosses 2023-09-30
Registered number: SC237291
Gillies & Mackay Limited
Unaudited Financial Statements
For The Year Ended 30 September 2024
Ashton McGill
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: SC237291
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 74,699 51,250
Tangible Assets 5 71,405 107,039
146,104 158,289
CURRENT ASSETS
Stocks 6 45,000 45,000
Debtors 7 37,480 30,607
Cash at bank and in hand 141,047 268,041
223,527 343,648
Creditors: Amounts Falling Due Within One Year 8 (194,935 ) (251,536 )
NET CURRENT ASSETS (LIABILITIES) 28,592 92,112
TOTAL ASSETS LESS CURRENT LIABILITIES 174,696 250,401
Creditors: Amounts Falling Due After More Than One Year 9 (84,810 ) (161,988 )
NET ASSETS 89,886 88,413
CAPITAL AND RESERVES
Called up share capital 11 100 100
Profit and Loss Account 89,786 88,313
SHAREHOLDERS' FUNDS 89,886 88,413
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For the year ending 30 September 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 Cara-Anne Mackay
Director
04/03/2025
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
Gillies & Mackay Limited is a private company, limited by shares, incorporated in Scotland, registered number SC237291 . The registered office is Gillies And Mackay Ltd, East Inchmichael, Station Road, Errol, PH2 7SP.
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 5 years.
2.4. Intangible Fixed Assets and Amortisation - Other Intangible
Other intangible assets are amortised to profit and loss account over its estimated economic life of 4 years.
2.5. 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 33% Reducing Balance Method
Motor Vehicles 25% Reducing Balance Method
Fixtures & Fittings 25% Reducing Balance Method
Computer Equipment 25% Reducing Balance Method
2.6. 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.
2.7. 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.
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2.8. 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: 21 (2023: 20)
21 20
4. Intangible Assets
Goodwill Other Total
£ £ £
Cost
As at 1 October 2023 20,000 61,560 81,560
Additions - 46,740 46,740
As at 30 September 2024 20,000 108,300 128,300
Amortisation
As at 1 October 2023 20,000 10,310 30,310
Provided during the period - 23,291 23,291
As at 30 September 2024 20,000 33,601 53,601
Net Book Value
As at 30 September 2024 - 74,699 74,699
As at 1 October 2023 - 51,250 51,250
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5. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 October 2023 90,419 172,531 17,944 9,306 290,200
Additions - 13,295 - - 13,295
Disposals - (16,318 ) - - (16,318 )
As at 30 September 2024 90,419 169,508 17,944 9,306 287,177
Depreciation
As at 1 October 2023 80,299 89,646 7,000 6,216 183,161
Provided during the period 5,066 26,008 3,422 2,195 36,691
Disposals - (4,080 ) - - (4,080 )
As at 30 September 2024 85,365 111,574 10,422 8,411 215,772
Net Book Value
As at 30 September 2024 5,054 57,934 7,522 895 71,405
As at 1 October 2023 10,120 82,885 10,944 3,090 107,039
6. Stocks
2024 2023
£ £
Finished goods 45,000 45,000
7. Debtors
2024 2023
£ £
Due within one year
Trade debtors 32,656 25,312
Amounts owed by participating interests 1,020 1,020
Other debtors 3,804 4,275
37,480 30,607
8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 101,299 159,955
Bank loans and overdrafts 699 833
Other creditors 22,211 21,735
Taxation and social security 70,726 69,013
194,935 251,536
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9. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 25,172 64,531
Bank loans 59,638 97,457
84,810 161,988
10. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Later than one year and not later than five years 25,172 64,531
11. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
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