Acorah Software Products - Accounts Production 16.3.350 false true 31 August 2023 1 September 2022 false 1 September 2023 31 August 2024 31 August 2024 SC167128 Mr Graeme Mackie Mr William Mackie Mrs Judith Mackie Mrs Judith Mackie iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure SC167128 2023-08-31 SC167128 2024-08-31 SC167128 2023-09-01 2024-08-31 SC167128 frs-core:CurrentFinancialInstruments 2024-08-31 SC167128 frs-core:Non-currentFinancialInstruments 2024-08-31 SC167128 frs-core:FurnitureFittings 2024-08-31 SC167128 frs-core:FurnitureFittings 2023-09-01 2024-08-31 SC167128 frs-core:FurnitureFittings 2023-08-31 SC167128 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-08-31 SC167128 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-09-01 2024-08-31 SC167128 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-08-31 SC167128 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-08-31 SC167128 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-09-01 2024-08-31 SC167128 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-08-31 SC167128 frs-core:MotorVehicles 2024-08-31 SC167128 frs-core:MotorVehicles 2023-09-01 2024-08-31 SC167128 frs-core:MotorVehicles 2023-08-31 SC167128 frs-core:PlantMachinery 2024-08-31 SC167128 frs-core:PlantMachinery 2023-09-01 2024-08-31 SC167128 frs-core:PlantMachinery 2023-08-31 SC167128 frs-core:ShareCapital 2024-08-31 SC167128 frs-core:RetainedEarningsAccumulatedLosses 2024-08-31 SC167128 frs-bus:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 SC167128 frs-bus:FilletedAccounts 2023-09-01 2024-08-31 SC167128 frs-bus:SmallEntities 2023-09-01 2024-08-31 SC167128 frs-bus:AuditExempt-NoAccountantsReport 2023-09-01 2024-08-31 SC167128 frs-bus:SmallCompaniesRegimeForAccounts 2023-09-01 2024-08-31 SC167128 frs-core:UnlistedNon-exchangeTraded 2024-08-31 SC167128 frs-core:UnlistedNon-exchangeTraded 2023-08-31 SC167128 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2023-08-31 SC167128 frs-core:DisposalsRepaymentsInvestments frs-core:UnlistedNon-exchangeTraded 2024-08-31 SC167128 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2024-08-31 SC167128 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2023-08-31 SC167128 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2024-08-31 SC167128 frs-bus:Director1 2023-09-01 2024-08-31 SC167128 frs-bus:Director1 2023-08-31 SC167128 frs-bus:Director1 2024-08-31 SC167128 frs-bus:Director2 2023-09-01 2024-08-31 SC167128 frs-bus:Director2 2023-08-31 SC167128 frs-bus:Director2 2024-08-31 SC167128 frs-bus:Director3 2023-09-01 2024-08-31 SC167128 frs-bus:Director3 2023-08-31 SC167128 frs-bus:Director3 2024-08-31 SC167128 frs-bus:CompanySecretary1 2023-09-01 2024-08-31 SC167128 frs-countries:Scotland 2023-09-01 2024-08-31 SC167128 2022-08-31 SC167128 2023-08-31 SC167128 2022-09-01 2023-08-31 SC167128 frs-core:CurrentFinancialInstruments 2023-08-31 SC167128 frs-core:Non-currentFinancialInstruments 2023-08-31 SC167128 frs-core:ShareCapital 2023-08-31 SC167128 frs-core:RetainedEarningsAccumulatedLosses 2023-08-31
Registered number: SC167128
Bill Mackie Engineering Ltd.
Unaudited Financial Statements
For The Year Ended 31 August 2024
M Squared Accountants Ltd
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—7
Page 1
Balance Sheet
Registered number: SC167128
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 565,375 577,759
Investments 5 38,077 103,282
603,452 681,041
CURRENT ASSETS
Stocks 6 119,102 46,100
Debtors 7 530,054 503,509
Investments 8 239,053 219,678
Cash at bank and in hand 925,303 922,277
1,813,512 1,691,564
Creditors: Amounts Falling Due Within One Year 9 (465,695 ) (501,121 )
NET CURRENT ASSETS (LIABILITIES) 1,347,817 1,190,443
TOTAL ASSETS LESS CURRENT LIABILITIES 1,951,269 1,871,484
Creditors: Amounts Falling Due After More Than One Year 10 (16,538 ) (27,281 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (53,891 ) (52,395 )
NET ASSETS 1,880,840 1,791,808
CAPITAL AND RESERVES
Called up share capital 12 5,000 5,000
Profit and Loss Account 1,875,840 1,786,808
SHAREHOLDERS' FUNDS 1,880,840 1,791,808
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For the year ending 31 August 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 Graeme Mackie
Director
09/05/2025
The notes on pages 3 to 7 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Bill Mackie Engineering Ltd. is a private company, limited by shares, incorporated in Scotland, registered number SC167128 . The registered office is 3 Baltic Place, Peterhead, Aberdeenshire, AB42 1TF.
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 not depreciated
Leasehold 5 years straight line
Plant & Machinery 5 years straight line
Motor Vehicles 4 years straight line
Fixtures & Fittings 5 years 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.
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2.6. 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: 31 (2023: 31)
31 31
4. Tangible Assets
Land & Property
Freehold Leasehold Plant & Machinery Motor Vehicles
£ £ £ £
Cost
As at 1 September 2023 158,556 620,954 97,457 117,354
Additions - - 13,000 18,103
Disposals - - (12,750 ) (10,575 )
As at 31 August 2024 158,556 620,954 97,707 124,882
Depreciation
As at 1 September 2023 - 237,027 86,957 94,782
Provided during the period - 23,425 2,100 16,677
Disposals - - (12,750 ) (10,575 )
As at 31 August 2024 - 260,452 76,307 100,884
Net Book Value
As at 31 August 2024 158,556 360,502 21,400 23,998
As at 1 September 2023 158,556 383,927 10,500 22,572
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Fixtures & Fittings Total
£ £
Cost
As at 1 September 2023 15,433 1,009,754
Additions - 31,103
Disposals - (23,325 )
As at 31 August 2024 15,433 1,017,532
Depreciation
As at 1 September 2023 13,229 431,995
Provided during the period 1,285 43,487
Disposals - (23,325 )
As at 31 August 2024 14,514 452,157
Net Book Value
As at 31 August 2024 919 565,375
As at 1 September 2023 2,204 577,759
5. Investments
Unlisted
£
Cost
As at 1 September 2023 103,282
Disposals (65,205 )
As at 31 August 2024 38,077
Provision
As at 1 September 2023 -
As at 31 August 2024 -
Net Book Value
As at 31 August 2024 38,077
As at 1 September 2023 103,282
6. Stocks
2024 2023
£ £
Finished goods 41,320 46,100
Work in progress 77,782 -
119,102 46,100
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7. Debtors
2024 2023
£ £
Due within one year
Trade debtors 414,752 397,921
Other debtors 113,465 105,588
528,217 503,509
Due after more than one year
Other debtors 1,837 -
530,054 503,509
8. Current Asset Investments
2024 2023
£ £
Listed investments 239,053 219,678
The fair value of listed investments, which are all traded in active markets, was determined with reference to the quoted market price at the reporting date.
9. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 270,144 386,475
Bank loans and overdrafts 16,479 17,368
Other creditors 40,882 48,098
Taxation and social security 138,190 49,180
465,695 501,121
The bank loan is secured by a floating charge.
Amounts included in obligations under finance leases and hire purchase contracts are secured over the assets to which they relate.
10. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 16,538 27,281
The bank loan is secured by a floating charge.
12. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 5,000 5,000
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13. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 September 2023 Amounts advanced Amounts repaid Amounts written off As at 31 August 2024
£ £ £ £ £
Mr Graeme Mackie 2,418 587 - - 3,005
Mr William Mackie - 4,603 - - 4,603
Mrs Judith Mackie - 253 - - 253
The above loan is unsecured, interest free and repayable on demand.
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