Acorah Software Products - Accounts Production 16.2.850 false true 27 August 2023 28 August 2022 false 28 August 2023 27 August 2024 27 August 2024 SC558879 Mr William Geddes Mrs Elizabeth Geddes Miss Emily Geddes Mr Ross Geddes iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure SC558879 2023-08-27 SC558879 2024-08-27 SC558879 2023-08-28 2024-08-27 SC558879 frs-core:CurrentFinancialInstruments 2024-08-27 SC558879 frs-core:Non-currentFinancialInstruments 2024-08-27 SC558879 frs-core:FurnitureFittings 2024-08-27 SC558879 frs-core:FurnitureFittings 2023-08-28 2024-08-27 SC558879 frs-core:FurnitureFittings 2023-08-27 SC558879 frs-core:ShareCapital 2024-08-27 SC558879 frs-core:RetainedEarningsAccumulatedLosses 2024-08-27 SC558879 frs-bus:PrivateLimitedCompanyLtd 2023-08-28 2024-08-27 SC558879 frs-bus:FilletedAccounts 2023-08-28 2024-08-27 SC558879 frs-bus:SmallEntities 2023-08-28 2024-08-27 SC558879 frs-bus:AuditExempt-NoAccountantsReport 2023-08-28 2024-08-27 SC558879 frs-bus:SmallCompaniesRegimeForAccounts 2023-08-28 2024-08-27 SC558879 frs-bus:Director1 2023-08-28 2024-08-27 SC558879 frs-bus:Director2 2023-08-28 2024-08-27 SC558879 frs-bus:Director3 2023-08-28 2024-08-27 SC558879 frs-bus:Director4 2023-08-28 2024-08-27 SC558879 frs-countries:Scotland 2023-08-28 2024-08-27 SC558879 2022-08-27 SC558879 2023-08-27 SC558879 2022-08-28 2023-08-27 SC558879 frs-core:CurrentFinancialInstruments 2023-08-27 SC558879 frs-core:Non-currentFinancialInstruments 2023-08-27 SC558879 frs-core:ShareCapital 2023-08-27 SC558879 frs-core:RetainedEarningsAccumulatedLosses 2023-08-27
Registered number: SC558879
Finnieston Ltd
Unaudited Financial Statements
For The Year Ended 27 August 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: SC558879
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 3,364 2,297
3,364 2,297
CURRENT ASSETS
Stocks 5 167,168 169,169
Debtors 6 32,452 11,124
Cash at bank and in hand 38,026 17,647
237,646 197,940
Creditors: Amounts Falling Due Within One Year 7 (221,019 ) (141,004 )
NET CURRENT ASSETS (LIABILITIES) 16,627 56,936
TOTAL ASSETS LESS CURRENT LIABILITIES 19,991 59,233
Creditors: Amounts Falling Due After More Than One Year 8 - (28,718 )
NET ASSETS 19,991 30,515
CAPITAL AND RESERVES
Called up share capital 9 100 100
Profit and Loss Account 19,891 30,415
SHAREHOLDERS' FUNDS 19,991 30,515
Page 1
Page 2
For the year ending 27 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 Ross Geddes
Director
14/04/2025
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Finnieston Ltd is a private company, limited by shares, incorporated in Scotland, registered number SC558879 . The registered office is 79-81 Main Street, Callander, Stirlingshire, FK17 8DX.
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:
Fixtures & Fittings 25% 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.
2.5. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 12 (2023: 3)
12 3
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4. Tangible Assets
Fixtures & Fittings
£
Cost
As at 28 August 2023 3,960
Additions 2,065
As at 27 August 2024 6,025
Depreciation
As at 28 August 2023 1,663
Provided during the period 998
As at 27 August 2024 2,661
Net Book Value
As at 27 August 2024 3,364
As at 28 August 2023 2,297
5. Stocks
2024 2023
£ £
Stock 167,168 169,169
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 534 5,027
Other debtors 31,918 6,097
32,452 11,124
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 122,863 89,037
Bank loans and overdrafts 36,110 5,476
Other creditors 2,372 20,863
Taxation and social security 59,674 25,628
221,019 141,004
Page 4
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8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans - 28,718
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
Page 5