Acorah Software Products - Accounts Production 16.3.350 false true 30 September 2023 1 October 2022 false 1 October 2023 30 September 2024 30 September 2024 SC309738 Mr G Ford Mrs H Ford Mrs H Ford iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure SC309738 frs-core:CurrentFinancialInstruments frs-core:WithinOneYear 2024-09-30 SC309738 frs-core:Non-currentFinancialInstruments frs-core:BetweenOneFiveYears 2024-09-30 SC309738 2023-09-30 SC309738 2024-09-30 SC309738 2023-10-01 2024-09-30 SC309738 frs-core:CurrentFinancialInstruments 2024-09-30 SC309738 frs-core:Non-currentFinancialInstruments 2024-09-30 SC309738 frs-core:ComputerEquipment 2024-09-30 SC309738 frs-core:ComputerEquipment 2023-10-01 2024-09-30 SC309738 frs-core:ComputerEquipment 2023-09-30 SC309738 frs-core:ShareCapital 2024-09-30 SC309738 frs-core:RetainedEarningsAccumulatedLosses 2024-09-30 SC309738 frs-bus:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 SC309738 frs-bus:FilletedAccounts 2023-10-01 2024-09-30 SC309738 frs-bus:SmallEntities 2023-10-01 2024-09-30 SC309738 frs-bus:AuditExemptWithAccountantsReport 2023-10-01 2024-09-30 SC309738 frs-bus:SmallCompaniesRegimeForAccounts 2023-10-01 2024-09-30 SC309738 frs-bus:Director1 2023-10-01 2024-09-30 SC309738 frs-bus:Director2 2023-10-01 2024-09-30 SC309738 frs-bus:CompanySecretary1 2023-10-01 2024-09-30 SC309738 frs-countries:Scotland 2023-10-01 2024-09-30 SC309738 frs-core:CurrentFinancialInstruments frs-core:WithinOneYear 2023-09-30 SC309738 frs-core:Non-currentFinancialInstruments frs-core:BetweenOneFiveYears 2023-09-30 SC309738 2022-09-30 SC309738 2023-09-30 SC309738 2022-10-01 2023-09-30 SC309738 frs-core:CurrentFinancialInstruments 2023-09-30 SC309738 frs-core:Non-currentFinancialInstruments 2023-09-30 SC309738 frs-core:ShareCapital 2023-09-30 SC309738 frs-core:RetainedEarningsAccumulatedLosses 2023-09-30
Registered number: SC309738
Edinburgh SC (Self Catering) Limited
Unaudited Financial Statements
For The Year Ended 30 September 2024
Glen Drummond Ltd
Chartered Accountants
Argyll House
Quarrywood Court
Livingston
EH54 6AX
Contents
Page
Accountant's Report 1
Balance Sheet 2—3
Notes to the Financial Statements 4—6
Page 1
Accountant's Report
Report to the directors on the preparation of the unaudited statutory accounts of Edinburgh SC (Self Catering) Limited for the year ended 30 September 2024
In order to assist you to fulfil your duties under the Companies Act 2006, I have prepared for your approval the accounts of Edinburgh SC (Self Catering) Limited for the year ended 30 September 2024 which comprise the Profit and Loss Account, the Balance Sheet and the related notes, from the company's accounting records and from information and explanations you have given to us.
As a practising member of ICAS, we are subject to its ethical and other professional requirements which are detailed at https://www.icas.com/regulation-technical-resources/documents/framework-for-the-preparation-of-accounts-revised-june-2020.
This report is made solely to the directors of Edinburgh SC (Self Catering) Limited , as a body, in accordance with the terms of our engagement letter dated 11 April 2024. Our work has been undertaken solely to prepare for your approval the accounts of Edinburgh SC (Self Catering) Limited and state those matters that we have agreed to state to the directors of Edinburgh SC (Self Catering) Limited , as a body, in this report in accordance with the requirements of the ICAS as detailed at https://www.icas.com/regulation-technical-resources/documents/framework-for-the-preparation-of-accounts-revised-june-2020. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Edinburgh SC (Self Catering) Limited and its directors, as a body, for our work or for this report.
It is your duty to ensure that Edinburgh SC (Self Catering) Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit or loss of Edinburgh SC (Self Catering) Limited . You consider that Edinburgh SC (Self Catering) Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Edinburgh SC (Self Catering) Limited . For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
Signed
18 June 2025
Glen Drummond Ltd
Chartered Accountants
Argyll House
Quarrywood Court
Livingston
EH54 6AX
Page 1
Page 2
Balance Sheet
Registered number: SC309738
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 5,153 2,066
5,153 2,066
CURRENT ASSETS
Cash at bank and in hand 332,759 203,427
332,759 203,427
Creditors: Amounts Falling Due Within One Year 5 (294,645 ) (170,234 )
NET CURRENT ASSETS (LIABILITIES) 38,114 33,193
TOTAL ASSETS LESS CURRENT LIABILITIES 43,267 35,259
Creditors: Amounts Falling Due After More Than One Year 6 (6,321 ) (15,620 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (1,288 ) (393 )
NET ASSETS 35,658 19,246
CAPITAL AND RESERVES
Called up share capital 8 100 100
Profit and Loss Account 35,558 19,146
SHAREHOLDERS' FUNDS 35,658 19,246
Page 2
Page 3
For the year ending 30 September 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 G Ford
Director
18 June 2025
The notes on pages 4 to 6 form part of these financial statements.
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Page 4
Notes to the Financial Statements
1. General Information
Edinburgh SC (Self Catering) Limited is a private company, limited by shares, incorporated in Scotland, registered number SC309738 . The registered office is 7 St. Baldreds Crescent, North Berwick, East Lothian, EH39 4PZ.
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 rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
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:
Computer Equipment 20% Straight line
2.4. Financial Instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.
2.5. 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.
2.6. 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.
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2.7. Borrowings
Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.
Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.
Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 3 (2023: 3)
3 3
4. Tangible Assets
Computer Equipment
£
Cost
As at 1 October 2023 5,778
Additions 4,737
Disposals (2,873 )
As at 30 September 2024 7,642
Depreciation
As at 1 October 2023 3,712
Provided during the period 1,528
Disposals (2,751 )
As at 30 September 2024 2,489
Net Book Value
As at 30 September 2024 5,153
As at 1 October 2023 2,066
5. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 67 47,127
Bank loans and overdrafts 9,299 9,070
Other creditors 231,221 70,332
Taxation and social security 54,058 43,705
294,645 170,234
6. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 6,321 15,620
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7. Loans
An analysis of the maturity of loans is given below:
2024 2023
£ £
Amounts falling due within one year or on demand:
Bank loans 9,299 9,070
2024 2023
£ £
Amounts falling due between one and five years:
Bank loans 6,321 15,620
The bank loan is supported by a 100% guarantee from the UK Government.
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
9. Directors Advances, Credits and Guarantees
The company operates a loan account with the directors, Mr G Ford & Mrs H Ford.
During the year, the company made repayments totalling £13,960 to the directors. At the year end, the balance due to the directors was £18,576 (2023: £32,536). This loan is unsecured, interest free and has no fixed repayment terms.
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