Acorah Software Products - Accounts Production 16.3.350 false true 31 January 2024 1 February 2023 false 1 February 2024 31 January 2025 31 January 2025 SC073226 Mr Graham Wilson Graham Wilson true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure SC073226 2024-01-31 SC073226 2025-01-31 SC073226 2024-02-01 2025-01-31 SC073226 frs-core:CurrentFinancialInstruments 2025-01-31 SC073226 frs-core:FurnitureFittings 2025-01-31 SC073226 frs-core:FurnitureFittings 2024-02-01 2025-01-31 SC073226 frs-core:FurnitureFittings 2024-01-31 SC073226 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2025-01-31 SC073226 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-02-01 2025-01-31 SC073226 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-01-31 SC073226 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2025-01-31 SC073226 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-02-01 2025-01-31 SC073226 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-01-31 SC073226 frs-core:PlantMachinery 2025-01-31 SC073226 frs-core:PlantMachinery 2024-02-01 2025-01-31 SC073226 frs-core:PlantMachinery 2024-01-31 SC073226 frs-core:ShareCapital 2025-01-31 SC073226 frs-core:RetainedEarningsAccumulatedLosses 2025-01-31 SC073226 frs-bus:PrivateLimitedCompanyLtd 2024-02-01 2025-01-31 SC073226 frs-bus:FilletedAccounts 2024-02-01 2025-01-31 SC073226 frs-bus:SmallEntities 2024-02-01 2025-01-31 SC073226 frs-bus:AuditExempt-NoAccountantsReport 2024-02-01 2025-01-31 SC073226 frs-bus:SmallCompaniesRegimeForAccounts 2024-02-01 2025-01-31 SC073226 frs-bus:OrdinaryShareClass1 2024-02-01 2025-01-31 SC073226 frs-bus:OrdinaryShareClass1 2025-01-31 SC073226 1 2024-02-01 2025-01-31 SC073226 frs-bus:Director1 2024-02-01 2025-01-31 SC073226 frs-bus:Director1 2024-01-31 SC073226 frs-bus:Director1 2025-01-31 SC073226 frs-countries:Scotland 2024-02-01 2025-01-31 SC073226 2023-01-31 SC073226 2024-01-31 SC073226 2023-02-01 2024-01-31 SC073226 frs-core:CurrentFinancialInstruments 2024-01-31 SC073226 frs-core:ShareCapital 2024-01-31 SC073226 frs-core:RetainedEarningsAccumulatedLosses 2024-01-31 SC073226 frs-bus:OrdinaryShareClass1 2023-02-01 2024-01-31
Registered number: SC073226
Graham Wilson & Sons (Farms) Limited
Financial Statements
For The Year Ended 31 January 2025
Gillespie's
Chartered Accountants
33 Leslie Street
Blairgowrie
Perthshire
PH10 6AW
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: SC073226
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 73,478 75,508
73,478 75,508
CURRENT ASSETS
Cash at bank and in hand 14,353 16,364
14,353 16,364
Creditors: Amounts Falling Due Within One Year 6 (4,532 ) (4,914 )
NET CURRENT ASSETS (LIABILITIES) 9,821 11,450
TOTAL ASSETS LESS CURRENT LIABILITIES 83,299 86,958
PROVISIONS FOR LIABILITIES
Deferred Taxation (312 ) (367 )
NET ASSETS 82,987 86,591
CAPITAL AND RESERVES
Called up share capital 7 250 250
Profit and Loss Account 82,737 86,341
SHAREHOLDERS' FUNDS 82,987 86,591
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For the year ending 31 January 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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 Graham Wilson
Director
20th April 2025
The notes on pages 3 to 5 form part of these financial statements.
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Page 3
Notes to the Financial Statements
1. General Information
Graham Wilson & Sons (Farms) Limited Registered number SC073226 is a limited by shares company incorporated in Scotland. The Registered Office is Gateside Farm, MEIKLEOUR, Perthshire, PH2 6EN.
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. Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at cost less depreciation. 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 no depn
Leasehold no depn
Plant & Machinery 15% Reducing Balance
Fixtures & Fittings 10% Straight Line
2.3. Taxation
Corporation 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 year 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 asset reflects 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 or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also 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:
2025 2024
Office and administration 1 1
1 1
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4. Tangible Assets
Land & Property
Freehold Leasehold Plant & Machinery Fixtures & Fittings Total
£ £ £ £ £
Cost
As at 1 February 2024 54,168 8,110 6,047 52,853 121,178
As at 31 January 2025 54,168 8,110 6,047 52,853 121,178
Depreciation
As at 1 February 2024 - - 4,118 41,552 45,670
Provided during the period - - 289 1,741 2,030
As at 31 January 2025 - - 4,407 43,293 47,700
Net Book Value
As at 31 January 2025 54,168 8,110 1,640 9,560 73,478
As at 1 February 2024 54,168 8,110 1,929 11,301 75,508
5. Debtors
2025 2024
£ £
Due within one year
6. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Accruals and deferred income 1,019 1,151
Director's loan account 3,513 3,763
4,532 4,914
7. Share Capital
2025 2024
Allotted, called up and fully paid £ £
25,000 Ordinary Shares of £ 0.01 each 250 250
8. Directors Advances, Credits and Guarantees
Included within Creditors is the following loans from the director:
As at 1 February 2024 Amounts advanced Amounts repaid Amounts written off As at 31 January 2025
£ £ £ £ £
Mr Graham Wilson 3,763 540 790 - 3,513
The above loan is unsecured, interest free and repayable on demand.
Dividends paid to directors
2025 2024
£ £
Mr Graham Wilson - 5,500
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9. Ultimate Controlling Party
The company's ultimate controlling party is Graham Wilson by virtue of his ownership of 100% of the issued share capital in the company.
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