Acorah Software Products - Accounts Production 16.5.460 false true 30 September 2023 1 October 2022 false 1 October 2023 30 September 2024 30 September 2024 SC080809 Mr Raymond Forsyth Mrs Alice Halket iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure SC080809 2023-09-30 SC080809 2024-09-30 SC080809 2023-10-01 2024-09-30 SC080809 frs-core:CurrentFinancialInstruments 2024-09-30 SC080809 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-10-01 2024-09-30 SC080809 frs-core:FurnitureFittings 2023-10-01 2024-09-30 SC080809 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-09-30 SC080809 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-10-01 2024-09-30 SC080809 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-09-30 SC080809 frs-core:MotorVehicles 2023-10-01 2024-09-30 SC080809 frs-core:OtherResidualIntangibleAssets 2024-09-30 SC080809 frs-core:OtherResidualIntangibleAssets 2023-10-01 2024-09-30 SC080809 frs-core:OtherResidualIntangibleAssets 2023-09-30 SC080809 frs-core:PlantMachinery 2024-09-30 SC080809 frs-core:PlantMachinery 2023-10-01 2024-09-30 SC080809 frs-core:PlantMachinery 2023-09-30 SC080809 frs-core:ShareCapital 2024-09-30 SC080809 frs-core:RetainedEarningsAccumulatedLosses 2024-09-30 SC080809 frs-bus:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 SC080809 frs-bus:FilletedAccounts 2023-10-01 2024-09-30 SC080809 frs-bus:SmallEntities 2023-10-01 2024-09-30 SC080809 frs-bus:AuditExempt-NoAccountantsReport 2023-10-01 2024-09-30 SC080809 frs-bus:SmallCompaniesRegimeForAccounts 2023-10-01 2024-09-30 SC080809 frs-core:ListedExchangeTraded 2024-09-30 SC080809 frs-core:ListedExchangeTraded 2023-09-30 SC080809 frs-core:CostValuation frs-core:ListedExchangeTraded 2023-09-30 SC080809 frs-core:AdditionsToInvestments frs-core:ListedExchangeTraded 2024-09-30 SC080809 frs-core:CostValuation frs-core:ListedExchangeTraded 2024-09-30 SC080809 frs-core:ProvisionsForImpairmentInvestments frs-core:ListedExchangeTraded 2023-09-30 SC080809 frs-core:ProvisionsForImpairmentInvestments frs-core:ListedExchangeTraded 2024-09-30 SC080809 frs-bus:Director1 2023-10-01 2024-09-30 SC080809 frs-bus:CompanySecretary1 2023-10-01 2024-09-30 SC080809 frs-countries:Scotland 2023-10-01 2024-09-30 SC080809 2022-09-30 SC080809 2023-09-30 SC080809 2022-10-01 2023-09-30 SC080809 frs-core:CurrentFinancialInstruments 2023-09-30 SC080809 frs-core:ShareCapital 2023-09-30 SC080809 frs-core:RetainedEarningsAccumulatedLosses 2023-09-30
Registered number: SC080809
Kirkmyres Sand & Gravel Limited
Unaudited Financial Statements
For The Year Ended 30 September 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: SC080809
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 1,800 3,600
Tangible Assets 5 1,963,303 1,983,200
Investments 6 6,043,294 5,085,358
8,008,397 7,072,158
CURRENT ASSETS
Stocks 7 57,016 55,890
Debtors 8 395,821 412,341
Cash at bank and in hand 748,089 750,046
1,200,926 1,218,277
Creditors: Amounts Falling Due Within One Year 9 (338,582 ) (340,844 )
NET CURRENT ASSETS (LIABILITIES) 862,344 877,433
TOTAL ASSETS LESS CURRENT LIABILITIES 8,870,741 7,949,591
PROVISIONS FOR LIABILITIES
Deferred Taxation (554,761 ) (331,835 )
NET ASSETS 8,315,980 7,617,756
CAPITAL AND RESERVES
Called up share capital 10 5,000 5,000
Profit and Loss Account 8,310,980 7,612,756
SHAREHOLDERS' FUNDS 8,315,980 7,617,756
Page 1
Page 2
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 Raymond Forsyth
Director
28/08/2025
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Kirkmyres Sand & Gravel Limited is a private company, limited by shares, incorporated in Scotland, registered number SC080809 . The registered office is Berrymill, Muir Road, Memsie, Fraserburgh, AB43 7AR.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.
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.
2.3. Intangible Fixed Assets and Amortisation - Other Intangible
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.
2.4. 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 10% on cost
Plant & Machinery 25% on reducing balance
Motor Vehicles 25% on reducing balance
Fixtures & Fittings 20% on reducing balance
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.
2.6. Taxation
Taxation for the year 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: 12 (2023: 12)
12 12
Page 3
Page 4
4. Intangible Assets
Other
£
Cost
As at 1 October 2023 18,000
As at 30 September 2024 18,000
Amortisation
As at 1 October 2023 14,400
Provided during the period 1,800
As at 30 September 2024 16,200
Net Book Value
As at 30 September 2024 1,800
As at 1 October 2023 3,600
5. Tangible Assets
Land & Property
Freehold Plant & Machinery Total
£ £ £
Cost
As at 1 October 2023 1,807,921 3,061,457 4,869,378
Additions - 71,550 71,550
As at 30 September 2024 1,807,921 3,133,007 4,940,928
Depreciation
As at 1 October 2023 141,913 2,744,265 2,886,178
Provided during the period 4,133 87,314 91,447
As at 30 September 2024 146,046 2,831,579 2,977,625
Net Book Value
As at 30 September 2024 1,661,875 301,428 1,963,303
As at 1 October 2023 1,666,008 317,192 1,983,200
6. Investments
Listed
£
Cost or Valuation
As at 1 October 2023 5,085,358
Additions 957,936
As at 30 September 2024 6,043,294
Provision
As at 1 October 2023 -
As at 30 September 2024 -
...CONTINUED
Page 4
Page 5
Net Book Value
As at 30 September 2024 6,043,294
As at 1 October 2023 5,085,358
The market value of listed investments at 30 September 2024 is £6,043,294 (30 September 2023 - £5,085,358). Fixed asset investments are stated at market value in the accounts.
7. Stocks
2024 2023
£ £
Materials 57,016 55,890
8. Debtors
2024 2023
£ £
Due within one year
Trade debtors 371,610 391,020
Other debtors 24,211 21,321
395,821 412,341
9. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 71,495 121,343
Corporation tax 97,251 59,750
Other taxes and social security 6,819 9,350
VAT 32,110 33,753
Other creditors 125,506 109,535
Director's loan account 5,401 7,113
338,582 340,844
10. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 5,000 5,000
Page 5