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 SC683973 Mr Christopher Walker MEL Cosec Limited iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure SC683973 2023-09-30 SC683973 2024-09-30 SC683973 2023-10-01 2024-09-30 SC683973 frs-core:CurrentFinancialInstruments 2024-09-30 SC683973 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-09-30 SC683973 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-10-01 2024-09-30 SC683973 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-09-30 SC683973 frs-core:PlantMachinery 2024-09-30 SC683973 frs-core:PlantMachinery 2023-10-01 2024-09-30 SC683973 frs-core:PlantMachinery 2023-09-30 SC683973 frs-core:ShareCapital 2024-09-30 SC683973 frs-core:RetainedEarningsAccumulatedLosses 2024-09-30 SC683973 frs-bus:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 SC683973 frs-bus:FilletedAccounts 2023-10-01 2024-09-30 SC683973 frs-bus:SmallEntities 2023-10-01 2024-09-30 SC683973 frs-bus:AuditExempt-NoAccountantsReport 2023-10-01 2024-09-30 SC683973 frs-bus:SmallCompaniesRegimeForAccounts 2023-10-01 2024-09-30 SC683973 frs-bus:Director1 2023-10-01 2024-09-30 SC683973 frs-bus:CompanySecretary1 2023-10-01 2024-09-30 SC683973 frs-countries:Scotland 2023-10-01 2024-09-30 SC683973 2022-09-30 SC683973 2023-09-30 SC683973 2022-10-01 2023-09-30 SC683973 frs-core:CurrentFinancialInstruments 2023-09-30 SC683973 frs-core:ShareCapital 2023-09-30 SC683973 frs-core:RetainedEarningsAccumulatedLosses 2023-09-30
Registered number: SC683973
The Shiel Limited
Unaudited Financial Statements
For The Year Ended 30 September 2024
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—3
Page 1
Balance Sheet
Registered number: SC683973
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 334,690 350,946
334,690 350,946
CURRENT ASSETS
Debtors 5 766 766
Cash at bank and in hand 1 1
767 767
Creditors: Amounts Falling Due Within One Year 6 (422,737 ) (411,647 )
NET CURRENT ASSETS (LIABILITIES) (421,970 ) (410,880 )
TOTAL ASSETS LESS CURRENT LIABILITIES (87,280 ) (59,934 )
NET LIABILITIES (87,280 ) (59,934 )
CAPITAL AND RESERVES
Called up share capital 7 1 1
Profit and Loss Account (87,281 ) (59,935 )
SHAREHOLDERS' FUNDS (87,280) (59,934)
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 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 Christopher Walker
Director
20/06/2025
The notes on pages 2 to 3 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
The Shiel Limited is a private company, limited by shares, incorporated in Scotland, registered number SC683973 . The registered office is 3rd Floor Maxim 10, Parklands Avenue, Motherwell, ML1 4WQ.
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 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 2% straight line
Plant & Machinery 25% Reducing balance
2.3. Investment Properties
All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.
3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2023: NIL)
- -
4. Tangible Assets
Land & Property
Freehold Plant & Machinery Total
£ £ £
Cost
As at 1 October 2023 310,785 61,262 372,047
As at 30 September 2024 310,785 61,262 372,047
Depreciation
As at 1 October 2023 - 21,101 21,101
Provided during the period 6,216 10,040 16,256
As at 30 September 2024 6,216 31,141 37,357
Net Book Value
As at 30 September 2024 304,569 30,121 334,690
As at 1 October 2023 310,785 40,161 350,946
5. Debtors
2024 2023
£ £
Due within one year
Prepayments and accrued income 766 766
Page 2
Page 3
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Amounts owed to group undertakings 422,737 411,647
7. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1 1
During the period one ordinary share was issued for cash at par.
8. Related Party Transactions
Included within creditors is an amount of £422,736 (2023: £411,647) payable to a company in which the director has control.
Page 3