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Registered number: SC591979
Robert Anthony Jewellers Gyle Ltd
Unaudited Financial Statements
For The Year Ended 30 April 2023
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 director on the preparation of the unaudited statutory accounts of Robert Anthony Jewellers Gyle Ltd for the year ended 30 April 2023
In order to assist you to fulfil your duties under the Companies Act 2006, I have prepared for your approval the accounts of Robert Anthony Jewellers Gyle Ltd for the year ended 30 April 2023 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://icas.com/icas-framework-presentation-of-accounts.
This report is made solely to the director of Robert Anthony Jewellers Gyle Ltd , as a body, in accordance with the terms of our engagement letter dated 02 March 2020. Our work has been undertaken solely to prepare for your approval the accounts of Robert Anthony Jewellers Gyle Ltd and state those matters that we have agreed to state to the director of Robert Anthony Jewellers Gyle Ltd , as a body, in this report in accordance with the requirements of the ICAS as detailed at https://icas.com/icas-framework-presentation-of-accounts. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Robert Anthony Jewellers Gyle Ltd and its director, as a body, for our work or for this report.
It is your duty to ensure that Robert Anthony Jewellers Gyle Ltd 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 Robert Anthony Jewellers Gyle Ltd . You consider that Robert Anthony Jewellers Gyle Ltd 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 Robert Anthony Jewellers Gyle Ltd . 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
1 July 2025
Glen Drummond Ltd
Chartered Accountants
Argyll House
Quarrywood Court
Livingston
EH54 6AX
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Balance Sheet
Registered number: SC591979
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 475 633
475 633
CURRENT ASSETS
Stocks 5 87,322 78,225
Debtors 6 1,529 1,506
Cash at bank and in hand 92,305 87,682
181,156 167,413
Creditors: Amounts Falling Due Within One Year 7 (98,425 ) (80,026 )
NET CURRENT ASSETS (LIABILITIES) 82,731 87,387
TOTAL ASSETS LESS CURRENT LIABILITIES 83,206 88,020
Creditors: Amounts Falling Due After More Than One Year 8 (33,587 ) (39,143 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (119 ) (120 )
NET ASSETS 49,500 48,757
CAPITAL AND RESERVES
Called up share capital 10 100 100
Profit and Loss Account 49,400 48,657
SHAREHOLDERS' FUNDS 49,500 48,757
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For the year ending 30 April 2023 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 J W Henderson
Director
1 July 2025
The notes on pages 4 to 6 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Robert Anthony Jewellers Gyle Ltd is a private company, limited by shares, incorporated in Scotland, registered number SC591979 . The registered office is Argyll House, Quarrywood Court, Livingston, West Lothian, EH54 6AX.
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 comprises the fair value of the considerations derived from that of the retail sale of jewellery. Turnover is shown net of sales/value added tax, returns, rebates and discounts and after eliminating sales within the company.
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 Straight line 20%
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. 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.
2.6. 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.
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.
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3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2022: 2)
1 2
4. Tangible Assets
Fixtures & Fittings
£
Cost
As at 1 May 2022 791
As at 30 April 2023 791
Depreciation
As at 1 May 2022 158
Provided during the period 158
As at 30 April 2023 316
Net Book Value
As at 30 April 2023 475
As at 1 May 2022 633
5. Stocks
2023 2022
£ £
Stock 87,322 78,225
6. Debtors
2023 2022
£ £
Due within one year
Other debtors 1,529 1,506
7. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 6,026 2,419
Bank loans and overdrafts 5,653 5,656
Other creditors 7,983 4,450
Taxation and social security 78,763 67,501
98,425 80,026
8. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Bank loans 33,587 39,143
The bank loan is supported by a 100% guarantee from the UK Government.
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9. Loans
An analysis of the maturity of loans is given below:
2023 2022
£ £
Amounts falling due within one year or on demand:
Bank loans 5,653 5,656
2023 2022
£ £
Amounts falling due between one and five years:
Bank loans 33,587 39,143
10. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 100 100
11. Related Party Disclosures
The company operates a loan account with the director, Mr J W Henderson.
During the year, the company repaid loans of £2,708 to the director. At the year end, the balance due to the director was £37 (2022: £2,744). This loan is unsecured, interest free and has no fixed repayments terms.
The company operates a loan account with the related partnership, Robert Anthony Jewellers.
During the year, Robert Anthony Jewellers advanced loans totalling £1,994 to the company. At the year end, the balance due to Robert Anthony Jewellers was £3,497 (2022: £1,503). This loan is unsecured, interest free and has no fixed repayment terms. 
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