Acorah Software Products - Accounts Production 16.4.660 false true true 31 March 2024 1 April 2023 false 1 April 2024 31 March 2025 31 March 2025 SC367702 Mr Gordon Simpson iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure SC367702 2024-03-31 SC367702 2025-03-31 SC367702 2024-04-01 2025-03-31 SC367702 frs-core:CurrentFinancialInstruments 2025-03-31 SC367702 frs-core:Non-currentFinancialInstruments 2025-03-31 SC367702 frs-core:ShareCapital 2025-03-31 SC367702 frs-core:RetainedEarningsAccumulatedLosses 2025-03-31 SC367702 frs-bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 SC367702 frs-bus:FilletedAccounts 2024-04-01 2025-03-31 SC367702 frs-bus:SmallEntities 2024-04-01 2025-03-31 SC367702 frs-bus:AuditExempt-NoAccountantsReport 2024-04-01 2025-03-31 SC367702 frs-bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 SC367702 frs-bus:Director1 2024-04-01 2025-03-31 SC367702 frs-countries:Scotland 2024-04-01 2025-03-31 SC367702 2023-03-31 SC367702 2024-03-31 SC367702 2023-04-01 2024-03-31 SC367702 frs-core:CurrentFinancialInstruments 2024-03-31 SC367702 frs-core:Non-currentFinancialInstruments 2024-03-31 SC367702 frs-core:ShareCapital 2024-03-31 SC367702 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31
Registered number: SC367702
Simpson Developments (Highland) Limited
Unaudited Financial Statements
For The Year Ended 31 March 2025
Leitch Accountancy Services Limited
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: SC367702
2025 2024
Notes £ £ £ £
FIXED ASSETS
Investment Properties 4 675,354 675,354
675,354 675,354
CURRENT ASSETS
Stocks and Work In Progress 5 419,982 228,882
Debtors 6 14,711 6,163
Cash at bank and in hand 15,553 10,990
450,246 246,035
Creditors: Amounts Falling Due Within One Year 7 (393,009 ) (153,854 )
NET CURRENT ASSETS (LIABILITIES) 57,237 92,181
TOTAL ASSETS LESS CURRENT LIABILITIES 732,591 767,535
Creditors: Amounts Falling Due After More Than One Year 8 (547,603 ) (563,631 )
NET ASSETS 184,988 203,904
CAPITAL AND RESERVES
Called up share capital 9 14 14
Profit and Loss Account 184,974 203,890
SHAREHOLDERS' FUNDS 184,988 203,904
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 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 Gordon Simpson
Director
10/07/2025
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Simpson Developments (Highland) Limited is a private company, limited by shares, incorporated in Scotland, registered number SC367702 . The registered office is 23 Wellhouse, Beauly, IV4 7AS.
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. Going Concern Disclosure
Despite the company making a loss in the year, the director has agreed to support the company to meet its day to day liabilities as they fall due. On this basis the director is preparing the accounts on a going concern basis.
2.3. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. 
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.
2.4. 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.
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.
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.
Page 3
Page 4
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2024: 1)
1 1
4. Investment Property
2025
£
Fair Value
As at 1 April 2024 and 31 March 2025 675,354
5. Stocks and Work In Progress
2025 2024
£ £
Stock 419,982 228,882
6. Debtors
2025 2024
£ £
Due within one year
Other debtors 14,711 6,163
7. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 8,185 288
Bank loans and overdrafts 16,014 16,000
Amounts owed to participating interests 351,788 118,557
Other creditors 17,022 19,009
393,009 153,854
The bank loan is secured by the way of standard security over certain investment properties held by the company.
8. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Bank loans 547,603 563,631
The bank loan is secured by the way of standard security over certain investment properties held by the company.
9. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 14 14
10. Related Party Transactions
As at the year end the company owed G Simpson Builders, a company in which director G Simpson is also a director £351,788 (2024 - £118,557). This loan is unsecured, interest free and has no fixed terms of repayment.
Page 4