Acorah Software Products - Accounts Production 16.5.460 false true 30 November 2023 1 December 2022 false 1 December 2023 30 November 2024 30 November 2024 SC366205 Mr Stuart Fitzsimmons Mr Grant Fitzsimmons iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure SC366205 2023-11-30 SC366205 2024-11-30 SC366205 2023-12-01 2024-11-30 SC366205 frs-core:CurrentFinancialInstruments 2024-11-30 SC366205 frs-core:Non-currentFinancialInstruments 2024-11-30 SC366205 frs-core:BetweenOneFiveYears 2024-11-30 SC366205 frs-core:ComputerEquipment 2024-11-30 SC366205 frs-core:ComputerEquipment 2023-12-01 2024-11-30 SC366205 frs-core:ComputerEquipment 2023-11-30 SC366205 frs-core:FurnitureFittings 2024-11-30 SC366205 frs-core:FurnitureFittings 2023-12-01 2024-11-30 SC366205 frs-core:FurnitureFittings 2023-11-30 SC366205 frs-core:NetGoodwill 2023-12-01 2024-11-30 SC366205 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-11-30 SC366205 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-12-01 2024-11-30 SC366205 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-11-30 SC366205 frs-core:MotorVehicles 2024-11-30 SC366205 frs-core:MotorVehicles 2023-12-01 2024-11-30 SC366205 frs-core:MotorVehicles 2023-11-30 SC366205 frs-core:PlantMachinery 2024-11-30 SC366205 frs-core:PlantMachinery 2023-12-01 2024-11-30 SC366205 frs-core:PlantMachinery 2023-11-30 SC366205 frs-core:WithinOneYear 2024-11-30 SC366205 frs-core:ShareCapital 2024-11-30 SC366205 frs-core:RetainedEarningsAccumulatedLosses 2024-11-30 SC366205 frs-bus:PrivateLimitedCompanyLtd 2023-12-01 2024-11-30 SC366205 frs-bus:FilletedAccounts 2023-12-01 2024-11-30 SC366205 frs-bus:SmallEntities 2023-12-01 2024-11-30 SC366205 frs-bus:AuditExempt-NoAccountantsReport 2023-12-01 2024-11-30 SC366205 frs-bus:SmallCompaniesRegimeForAccounts 2023-12-01 2024-11-30 SC366205 frs-bus:OrdinaryShareClass1 2023-12-01 2024-11-30 SC366205 frs-bus:OrdinaryShareClass1 2024-11-30 SC366205 frs-bus:Director1 2023-12-01 2024-11-30 SC366205 frs-bus:Director2 2023-12-01 2024-11-30 SC366205 frs-core:CurrentFinancialInstruments 1 2024-11-30 SC366205 frs-countries:Scotland 2023-12-01 2024-11-30 SC366205 2022-11-30 SC366205 2023-11-30 SC366205 2022-12-01 2023-11-30 SC366205 frs-core:CurrentFinancialInstruments 2023-11-30 SC366205 frs-core:Non-currentFinancialInstruments 2023-11-30 SC366205 frs-core:BetweenOneFiveYears 2023-11-30 SC366205 frs-core:WithinOneYear 2023-11-30 SC366205 frs-core:ShareCapital 2023-11-30 SC366205 frs-core:RetainedEarningsAccumulatedLosses 2023-11-30 SC366205 frs-bus:OrdinaryShareClass1 2022-12-01 2023-11-30 SC366205 frs-core:CurrentFinancialInstruments 1 2023-11-30
Registered number: SC366205
G.FITZSIMMONS AND SON LTD
Unaudited Financial Statements
For The Year Ended 30 November 2024
Waverley Accountancy Limited
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: SC366205
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 532,913 550,449
532,913 550,449
CURRENT ASSETS
Debtors 5 524,459 807,182
Cash at bank and in hand 199,460 80,262
723,919 887,444
Creditors: Amounts Falling Due Within One Year 6 (383,894 ) (501,475 )
NET CURRENT ASSETS (LIABILITIES) 340,025 385,969
TOTAL ASSETS LESS CURRENT LIABILITIES 872,938 936,418
Creditors: Amounts Falling Due After More Than One Year 7 (171,080 ) (276,440 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (114,916 ) (90,669 )
NET ASSETS 586,942 569,309
CAPITAL AND RESERVES
Called up share capital 9 2 2
Profit and Loss Account 586,940 569,307
SHAREHOLDERS' FUNDS 586,942 569,309
Page 1
Page 2
For the year ending 30 November 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 Grant Fitzsimmons
Director
28/08/2025
The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
G.FITZSIMMONS AND SON LTD is a private company, limited by shares, incorporated in Scotland, registered number SC366205 . The registered office is 25 Thornton Road, Rosewell, Midlothian, EH24 9DP.
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. It is amortised to the profit and loss account over its estimated economic life of .... years.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at cost less depreciation. 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:
Leasehold NIL
Plant & Machinery 20% Reducing Balance
Motor Vehicles 20% Reducing Balance
Fixtures & Fittings 33% Reducing Balance
Computer Equipment 25% Reducing Balance
2.5. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.
Page 3
Page 4
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 year 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 asset reflects 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 or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was:
2024 2023
Office and administration 8 8
Manufacturing 19 25
27 33
4. Tangible Assets
Land & Property
Leasehold Plant & Machinery Motor Vehicles Fixtures & Fittings
£ £ £ £
Cost
As at 1 December 2023 73,249 547,343 332,156 20,681
Additions - 59,950 75,921 -
Disposals - - (142,114 ) -
As at 30 November 2024 73,249 607,293 265,963 20,681
Depreciation
As at 1 December 2023 - 248,052 173,530 17,914
Provided during the period - 71,848 38,991 913
Disposals - - (102,521 ) -
As at 30 November 2024 - 319,900 110,000 18,827
Net Book Value
As at 30 November 2024 73,249 287,393 155,963 1,854
As at 1 December 2023 73,249 299,291 158,626 2,767
Page 4
Page 5
Computer Equipment Total
£ £
Cost
As at 1 December 2023 35,048 1,008,477
Additions 2,757 138,628
Disposals - (142,114 )
As at 30 November 2024 37,805 1,004,991
Depreciation
As at 1 December 2023 18,532 458,028
Provided during the period 4,819 116,571
Disposals - (102,521 )
As at 30 November 2024 23,351 472,078
Net Book Value
As at 30 November 2024 14,454 532,913
As at 1 December 2023 16,516 550,449
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 303,567 517,817
Prepayments and accrued income 179,258 216,002
VAT Recoverable 41,634 73,363
524,459 807,182
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 91,650 101,641
Trade creditors 128,768 235,793
Bank loans and overdrafts 40,000 40,000
Corporation tax 66,481 76,098
Other taxes and social security 25,888 23,444
Other creditors 7,107 4,499
Accruals and deferred income 24,000 20,000
383,894 501,475
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 151,080 216,440
Bank loans 20,000 60,000
171,080 276,440
Page 5
Page 6
8. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year 91,650 101,641
Later than one year and not later than five years 151,080 216,440
242,730 318,081
242,730 318,081
9. Share Capital
2024 2023
Allotted, called up and fully paid £ £
2 Ordinary Shares of £ 1.000 each 2 2
Page 6