Acorah Software Products - Accounts Production 16.3.350 false true 31 March 2024 1 April 2023 false 1 April 2024 31 March 2025 31 March 2025 SC582734 Mr Stephen Dain Mr Ian Preece Mrs Joanne Preece iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure SC582734 2024-03-31 SC582734 2025-03-31 SC582734 2024-04-01 2025-03-31 SC582734 frs-core:CurrentFinancialInstruments 2025-03-31 SC582734 frs-core:Non-currentFinancialInstruments 2025-03-31 SC582734 frs-core:ComputerEquipment 2025-03-31 SC582734 frs-core:ComputerEquipment 2024-04-01 2025-03-31 SC582734 frs-core:ComputerEquipment 2024-03-31 SC582734 frs-core:FurnitureFittings 2025-03-31 SC582734 frs-core:FurnitureFittings 2024-04-01 2025-03-31 SC582734 frs-core:FurnitureFittings 2024-03-31 SC582734 frs-core:NetGoodwill 2025-03-31 SC582734 frs-core:NetGoodwill 2024-04-01 2025-03-31 SC582734 frs-core:NetGoodwill 2024-03-31 SC582734 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2025-03-31 SC582734 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-04-01 2025-03-31 SC582734 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-03-31 SC582734 frs-core:MotorVehicles 2025-03-31 SC582734 frs-core:MotorVehicles 2024-04-01 2025-03-31 SC582734 frs-core:MotorVehicles 2024-03-31 SC582734 frs-core:PlantMachinery 2024-04-01 2025-03-31 SC582734 frs-core:ShareCapital 2025-03-31 SC582734 frs-core:RetainedEarningsAccumulatedLosses 2025-03-31 SC582734 frs-bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 SC582734 frs-bus:FilletedAccounts 2024-04-01 2025-03-31 SC582734 frs-bus:SmallEntities 2024-04-01 2025-03-31 SC582734 frs-bus:AuditExempt-NoAccountantsReport 2024-04-01 2025-03-31 SC582734 frs-bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 SC582734 frs-bus:Director1 2024-04-01 2025-03-31 SC582734 frs-bus:Director2 2024-04-01 2025-03-31 SC582734 frs-bus:Director3 2024-04-01 2025-03-31 SC582734 frs-countries:Scotland 2024-04-01 2025-03-31 SC582734 2023-03-31 SC582734 2024-03-31 SC582734 2023-04-01 2024-03-31 SC582734 frs-core:CurrentFinancialInstruments 2024-03-31 SC582734 frs-core:Non-currentFinancialInstruments 2024-03-31 SC582734 frs-core:ShareCapital 2024-03-31 SC582734 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31
Registered number: SC582734
MILTON MOTOR GROUP LTD
Financial Statements
For The Year Ended 31 March 2025
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: SC582734
2025 2024
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 45,000 45,000
Tangible Assets 5 150,096 150,432
195,096 195,432
CURRENT ASSETS
Stocks 6 3,000 2,300
Debtors 7 600 217
Cash at bank and in hand 2,334 2,821
5,934 5,338
Creditors: Amounts Falling Due Within One Year 8 (185,531 ) (184,834 )
NET CURRENT ASSETS (LIABILITIES) (179,597 ) (179,496 )
TOTAL ASSETS LESS CURRENT LIABILITIES 15,499 15,936
Creditors: Amounts Falling Due After More Than One Year 9 (4,496 ) (13,591 )
NET ASSETS 11,003 2,345
CAPITAL AND RESERVES
Called up share capital 10 1,200 1,200
Profit and Loss Account 9,803 1,145
SHAREHOLDERS' FUNDS 11,003 2,345
Page 1
Page 2
For the year ending 31 March 2025 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 Stephen Dain
Director
10th June 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
MILTON MOTOR GROUP LTD is a private company, limited by shares, incorporated in Scotland, registered number SC582734 . The registered office is 201 Edward Street, Dunoon, Argyll, PA23 7PJ.
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. No depreciation has been provided for on Goodwill.
2.4. 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 No depreciation provided for on Property.
Plant & Machinery 20% Reducing Balance
Motor Vehicles 20% Reducing Balance
Fixtures & Fittings 20% Reducing Balance
Computer Equipment 20% Reducing Balance
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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3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2024: NIL)
- -
4. Intangible Assets
Goodwill
£
Cost
As at 1 April 2024 45,000
As at 31 March 2025 45,000
Net Book Value
As at 31 March 2025 45,000
As at 1 April 2024 45,000
5. Tangible Assets
Land & Property
Freehold Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 April 2024 148,750 4,200 877 1,853 155,680
As at 31 March 2025 148,750 4,200 877 1,853 155,680
Depreciation
As at 1 April 2024 - 2,846 730 1,672 5,248
Provided during the period - 271 29 36 336
As at 31 March 2025 - 3,117 759 1,708 5,584
Net Book Value
As at 31 March 2025 148,750 1,083 118 145 150,096
As at 1 April 2024 148,750 1,354 147 181 150,432
6. Stocks
2025 2024
£ £
Stock 3,000 2,300
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Page 5
7. Debtors
2025 2024
£ £
Due within one year
Trade debtors - 25
Other debtors 181 181
VAT 419 11
600 217
8. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 7 -
Bank loans and overdrafts 9,584 9,584
Accruals and deferred income 3,260 800
Directors' loan accounts 172,680 174,450
185,531 184,834
9. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Bank loans 4,496 13,591
10. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 1,200 1,200
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