Acorah Software Products - Accounts Production 16.2.850 false true 31 December 2023 1 January 2023 false 1 January 2024 31 December 2024 31 December 2024 SC058204 Mr Paul Campbell Mrs Elizabeth Mary Campbell Mr Roderick Campbell iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure SC058204 2023-12-31 SC058204 2024-12-31 SC058204 2024-01-01 2024-12-31 SC058204 frs-core:CurrentFinancialInstruments 2024-12-31 SC058204 frs-core:Non-currentFinancialInstruments 2024-12-31 SC058204 frs-core:FurnitureFittings 2024-12-31 SC058204 frs-core:FurnitureFittings 2024-01-01 2024-12-31 SC058204 frs-core:FurnitureFittings 2023-12-31 SC058204 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-12-31 SC058204 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 SC058204 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-12-31 SC058204 frs-core:MotorVehicles 2024-12-31 SC058204 frs-core:MotorVehicles 2024-01-01 2024-12-31 SC058204 frs-core:MotorVehicles 2023-12-31 SC058204 frs-core:PlantMachinery 2024-12-31 SC058204 frs-core:PlantMachinery 2024-01-01 2024-12-31 SC058204 frs-core:PlantMachinery 2023-12-31 SC058204 frs-core:RevaluationReserve 2024-01-01 2024-12-31 SC058204 frs-core:RevaluationReserve 2024-12-31 SC058204 frs-core:ShareCapital 2024-12-31 SC058204 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 SC058204 frs-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 SC058204 frs-bus:FilletedAccounts 2024-01-01 2024-12-31 SC058204 frs-bus:SmallEntities 2024-01-01 2024-12-31 SC058204 frs-bus:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 SC058204 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 SC058204 frs-bus:Director1 2024-01-01 2024-12-31 SC058204 frs-bus:Director2 2024-01-01 2024-12-31 SC058204 frs-bus:Director3 2024-01-01 2024-12-31 SC058204 frs-countries:Scotland 2024-01-01 2024-12-31 SC058204 2022-12-31 SC058204 2023-12-31 SC058204 2023-01-01 2023-12-31 SC058204 frs-core:CurrentFinancialInstruments 2023-12-31 SC058204 frs-core:Non-currentFinancialInstruments 2023-12-31 SC058204 frs-core:RevaluationReserve 2023-12-31 SC058204 frs-core:ShareCapital 2023-12-31 SC058204 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31
Registered number: SC058204
R.E. Campbell (Joinery) Limited
Unaudited Financial Statements
For The Year Ended 31 December 2024
Leitch Accountancy Services Limited
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: SC058204
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 220,257 56,373
220,257 56,373
CURRENT ASSETS
Stocks 5 645,754 654,442
Debtors 6 19,999 24,167
Cash at bank and in hand 294,218 59,856
959,971 738,465
Creditors: Amounts Falling Due Within One Year 7 (539,316 ) (474,271 )
NET CURRENT ASSETS (LIABILITIES) 420,655 264,194
TOTAL ASSETS LESS CURRENT LIABILITIES 640,912 320,567
Creditors: Amounts Falling Due After More Than One Year 8 (4,911 ) (15,372 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (37,113 ) -
NET ASSETS 598,888 305,195
CAPITAL AND RESERVES
Called up share capital 9 2,000 2,000
Revaluation reserve 10 111,338 -
Profit and Loss Account 485,550 303,195
SHAREHOLDERS' FUNDS 598,888 305,195
Page 1
Page 2
For the year ending 31 December 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 Roderick Campbell
Director
09/05/2025
The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
R.E. Campbell (Joinery) Limited is a private company, limited by shares, incorporated in Scotland, registered number SC058204 . The registered office is Station Road, Spean Bridge, Inverness Shire, PH34 4EP.
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.
Property is stated at a revalued amount, being the fair value at the date of revaluation less subsequent depreciation. Revaluations are performed with sufficient regularity to ensure the carrying amount does not differ materially from fair value.
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. The property in the company has been revalued as detailed in note 2.1. 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 4 years straight line / no depreciation
Plant & Machinery 10 years straight line
Motor Vehicles 5 years straight line
Fixtures & Fittings 3 - 10 years straight line
Land included within Freehold is not depreciated.
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.
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2.6. Financial Instruments
Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.
Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.
Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.
Basic financial liabilities
Basic financial liabilities, including creditors, bank loans, and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.
Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.
Equity instruments
Equity instruments issued by the Company are recorded at the fair value of cash or other resources received or receivable, net of direct issue costs. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the Company.
2.7. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
2.8. Government Grant
Government grants are recognised in the profit and loss account in an appropriate manner that matches them with the expenditure towards which they are intended to contribute.
Grants for immediate financial support or to cover costs already incurred are recognised immediately in the profit and loss account. Grants towards general activities of the entity over a specific period are recognised in the profit and loss account over that period.
Grants towards fixed assets are recognised over the expected useful lives of the related assets and are treated as deferred income and released to the profit and loss account over the useful life of the asset concerned.
All grants in the profit and loss account are recognised when all conditions for receipt have been complied with.
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2.9. Construction Contracts
Where the outcome of a construction contract can be estimated reliably, revenue and costs are recognised by reference to the stage of completion of the contract activity at the Balance Sheet date. This is normally measured by the proportion that contract costs incurred for work performed to date bear to the estimated total contract costs, except where this would not be representative of the stage of completion. Variations in contract work, claims and incentive payments are included to the extent that the amount can be measured reliably and its receipt is considered probable.
Where the outcome of a construction contract cannot be estimated reliably, contract revenue is recognised to the extent of contract costs incurred where it is probable they will be recoverable. Contract costs are recognised as expenses in the period in which they are incurred. When costs incurred in securing a contract are recognised as an expense in the period in which they are incurred, they are not included in contract costs if the contract is obtained in a subsequent period.
When it is probable that total contract costs will exceed total contract revenue, the expected loss is recognised as an expense immediately.
2.10. Cash and cash equivalents
Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 20 (2023: 17)
20 17
4. Tangible Assets
Land & Property
Freehold Plant & Machinery Motor Vehicles Fixtures & Fittings Total
£ £ £ £ £
Cost or Valuation
As at 1 January 2024 98,637 362,499 216,929 24,458 702,523
Additions - 2,682 31,779 - 34,461
Disposals - (21,020 ) (43,531 ) - (64,551 )
Revaluation 66,363 - - - 66,363
As at 31 December 2024 165,000 344,161 205,177 24,458 738,796
Depreciation
As at 1 January 2024 82,088 322,782 216,929 24,351 646,150
Provided during the period - 16,702 2,270 56 19,028
Disposals - (21,020 ) (43,531 ) - (64,551 )
On revaluations (82,088 ) - - - (82,088 )
As at 31 December 2024 - 318,464 175,668 24,407 518,539
Net Book Value
As at 31 December 2024 165,000 25,697 29,509 51 220,257
As at 1 January 2024 16,549 39,717 - 107 56,373
5. Stocks
2024 2023
£ £
Materials 174,798 13,419
Work in progress 470,956 641,023
645,754 654,442
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6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 8,184 6,867
Other debtors 11,815 17,300
19,999 24,167
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 129,510 154,307
Bank loans and overdrafts 10,922 10,461
Other creditors 387,089 290,504
Taxation and social security 11,795 18,999
539,316 474,271
Bank loans include a Coronavirus Bounce Bank loan which is guaranteed by the UK Government.
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 4,911 15,372
Bank loans include a Coronavirus Bounce Bank loan which is guaranteed by the UK Government.
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 2,000 2,000
10. Reserves
Revaluation Reserve
£
Surplus on revaluation 111,338
As at 31 December 2024 111,338
The revaluation reserve increased by £111,338 during the year due to an upward revaluation of business premises less the appropriate deferred tax charge. This revaluation was based on a valuation carried out by Chartered Surveyors prior to the year end date that the directors believe is appropriate to use as at 31 December 2024.
11. Related Party Transactions
Amounts due to key management personnel at the year end was £365,500 (2023 - £285,820). This balance is unsecured, interest free and has no fixed terms of repayment.
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