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 SC368432 Mr Graeme Harley Mr William Harley iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure SC368432 frs-core:Non-currentFinancialInstruments frs-core:MoreThanFiveYears 2024-11-30 SC368432 2023-11-30 SC368432 2024-11-30 SC368432 2023-12-01 2024-11-30 SC368432 frs-core:CurrentFinancialInstruments 2024-11-30 SC368432 frs-core:Non-currentFinancialInstruments 2024-11-30 SC368432 frs-core:ComputerEquipment 2024-11-30 SC368432 frs-core:ComputerEquipment 2023-12-01 2024-11-30 SC368432 frs-core:ComputerEquipment 2023-11-30 SC368432 frs-core:FurnitureFittings 2024-11-30 SC368432 frs-core:FurnitureFittings 2023-12-01 2024-11-30 SC368432 frs-core:FurnitureFittings 2023-11-30 SC368432 frs-core:NetGoodwill 2024-11-30 SC368432 frs-core:NetGoodwill 2023-12-01 2024-11-30 SC368432 frs-core:NetGoodwill 2023-11-30 SC368432 frs-core:InvestmentPropertyIncludedWithinPPE 2024-11-30 SC368432 frs-core:InvestmentPropertyIncludedWithinPPE 2023-12-01 2024-11-30 SC368432 frs-core:InvestmentPropertyIncludedWithinPPE 2023-11-30 SC368432 frs-core:MotorVehicles 2024-11-30 SC368432 frs-core:MotorVehicles 2023-12-01 2024-11-30 SC368432 frs-core:MotorVehicles 2023-11-30 SC368432 frs-core:PlantMachinery 2024-11-30 SC368432 frs-core:PlantMachinery 2023-12-01 2024-11-30 SC368432 frs-core:PlantMachinery 2023-11-30 SC368432 frs-core:WithinOneYear 2024-11-30 SC368432 frs-core:ShareCapital 2024-11-30 SC368432 frs-core:RetainedEarningsAccumulatedLosses 2024-11-30 SC368432 frs-bus:PrivateLimitedCompanyLtd 2023-12-01 2024-11-30 SC368432 frs-bus:FilletedAccounts 2023-12-01 2024-11-30 SC368432 frs-bus:SmallEntities 2023-12-01 2024-11-30 SC368432 frs-bus:AuditExempt-NoAccountantsReport 2023-12-01 2024-11-30 SC368432 frs-bus:SmallCompaniesRegimeForAccounts 2023-12-01 2024-11-30 SC368432 frs-bus:OrdinaryShareClass1 2023-12-01 2024-11-30 SC368432 frs-bus:OrdinaryShareClass1 2024-11-30 SC368432 frs-bus:OrdinaryShareClass3 2023-12-01 2024-11-30 SC368432 frs-bus:OrdinaryShareClass3 2024-11-30 SC368432 frs-core:DeferredTaxation 2023-12-01 2024-11-30 SC368432 frs-core:DeferredTaxation 2023-11-30 SC368432 frs-core:DeferredTaxation 2024-11-30 SC368432 frs-bus:Director1 2023-12-01 2024-11-30 SC368432 frs-bus:Director2 2023-12-01 2024-11-30 SC368432 frs-core:CurrentFinancialInstruments 1 2024-11-30 SC368432 frs-core:Non-currentFinancialInstruments 1 2024-11-30 SC368432 frs-core:Non-currentFinancialInstruments 2 2024-11-30 SC368432 frs-core:Non-currentFinancialInstruments 3 2024-11-30 SC368432 frs-countries:Scotland 2023-12-01 2024-11-30 SC368432 frs-core:Non-currentFinancialInstruments frs-core:MoreThanFiveYears 2023-11-30 SC368432 2022-11-30 SC368432 2023-11-30 SC368432 2022-12-01 2023-11-30 SC368432 frs-core:CurrentFinancialInstruments 2023-11-30 SC368432 frs-core:Non-currentFinancialInstruments 2023-11-30 SC368432 frs-core:BetweenOneFiveYears 2023-11-30 SC368432 frs-core:MotorVehicles 2022-12-01 2023-11-30 SC368432 frs-core:PlantMachinery 2022-12-01 2023-11-30 SC368432 frs-core:WithinOneYear 2023-11-30 SC368432 frs-core:ShareCapital 2023-11-30 SC368432 frs-core:RetainedEarningsAccumulatedLosses 2023-11-30 SC368432 frs-bus:OrdinaryShareClass1 2022-12-01 2023-11-30 SC368432 frs-bus:OrdinaryShareClass3 2022-12-01 2023-11-30 SC368432 frs-core:CurrentFinancialInstruments 1 2023-11-30 SC368432 frs-core:Non-currentFinancialInstruments 1 2023-11-30 SC368432 frs-core:Non-currentFinancialInstruments 2 2023-11-30 SC368432 frs-core:Non-currentFinancialInstruments 3 2023-11-30
Registered number: SC368432
WD Harley Ltd.
Unaudited Financial Statements
For The Year Ended 30 November 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—8
Page 1
Balance Sheet
Registered number: SC368432
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 5,171 9,307
Tangible Assets 5 1,148,234 1,129,142
1,153,405 1,138,449
CURRENT ASSETS
Stocks 6 27,000 9,150
Debtors 7 319,275 145,211
Cash at bank and in hand 31,408 29,204
377,683 183,565
Creditors: Amounts Falling Due Within One Year 8 (379,452 ) (263,263 )
NET CURRENT ASSETS (LIABILITIES) (1,769 ) (79,698 )
TOTAL ASSETS LESS CURRENT LIABILITIES 1,151,636 1,058,751
Creditors: Amounts Falling Due After More Than One Year 9 (612,744 ) (612,279 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (47,339 ) (39,827 )
NET ASSETS 491,553 406,645
CAPITAL AND RESERVES
Called up share capital 13 210 210
Profit and Loss Account 491,343 406,435
SHAREHOLDERS' FUNDS 491,553 406,645
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 Graeme Harley
Director
Mr William Harley
Director
19/03/2025
The notes on pages 3 to 8 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
WD Harley Ltd. is a private company, limited by shares, incorporated in Scotland, registered number SC368432 . The registered office is Ancaster Business Centre, Cross Street, Callander, FK17 8EA.
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, excluding discounts, rebates, value added tax and othersales taxes.
2.3. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill, being the amount paid in connection with the aquisition of a business in 2015, is being amortised evenly over its estimated useful life of 10 years.
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:
Plant & Machinery 25% on reducing balance
Motor Vehicles 25% on reducing balance
Fixtures & Fittings 25% on reducing balance
Computer Equipment 33% on reducing balance
2.5. Investment Properties
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit and loss.
2.6. Leasing and Hire Purchase Contracts
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held
under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases
are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element
of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the
lease.
2.7. 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 items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in
bringing stocks to their present location and condition.
2.8. Financial Instruments
The company only has basic financial instruments.

Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured
initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective
interest method, less any impairment.

Short term trade creditors are measured at the transaction price. Other financial liabilities, including bank loans,
are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost
using the effective interest method.
Page 3
Page 4
2.9. Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to
the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or
substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance
sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from
those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that
have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the
timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they
will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
2.10. Pensions
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 7 (2023: 4)
7 4
4. Intangible Assets
Goodwill
£
Cost
As at 1 December 2023 41,365
As at 30 November 2024 41,365
Amortisation
As at 1 December 2023 32,058
Provided during the period 4,136
As at 30 November 2024 36,194
Net Book Value
As at 30 November 2024 5,171
As at 1 December 2023 9,307
5. Tangible Assets
Investment Properties Plant & Machinery Motor Vehicles Fixtures & Fittings
£ £ £ £
Cost
As at 1 December 2023 1,077,897 60,636 102,503 5,471
Additions - 34,646 4,999 -
Disposals - - (34,808 ) -
As at 30 November 2024 1,077,897 95,282 72,694 5,471
...CONTINUED
Page 4
Page 5
Depreciation
As at 1 December 2023 - 45,280 69,666 4,784
Provided during the period - 6,007 8,208 175
Disposals - - (27,407 ) -
As at 30 November 2024 - 51,287 50,467 4,959
Net Book Value
As at 30 November 2024 1,077,897 43,995 22,227 512
As at 1 December 2023 1,077,897 15,356 32,837 687
Computer Equipment Total
£ £
Cost
As at 1 December 2023 20,263 1,266,770
Additions 2,420 42,065
Disposals - (34,808 )
As at 30 November 2024 22,683 1,274,027
Depreciation
As at 1 December 2023 17,898 137,628
Provided during the period 1,182 15,572
Disposals - (27,407 )
As at 30 November 2024 19,080 125,793
Net Book Value
As at 30 November 2024 3,603 1,148,234
As at 1 December 2023 2,365 1,129,142
Included above are assets held under finance leases or hire purchase contracts with a net book value as follows:
2024 2023
£ £
Plant & Machinery 3,543 7,283
Motor Vehicles 5,061 14,149
8,604 21,432
Page 5
Page 6
Cost or valuation as at 30 November 2024 represented by:
Investment Properties Plant & Machinery Motor Vehicles Fixtures & Fittings
£ £ £ £
At cost 1,077,897 95,282 72,694 5,471
1,077,897 95,282 72,694 5,471
Computer Equipment Total
£ £
At cost 22,683 1,274,027
22,683 1,274,027
Included in fair value of investment property is freehold land of £186,317 (2023 - £186,317) which is not depreciated.
Investment property consists of land, a developed property and ongoing developments at Balvalachlan farm.
The developed property and ongoing developments were valued on an open market basis on 30 November 2024 by the directors at £1,077,897.
The historical cost of investment property at 30 November 2024 was £941,404 (2023: £941,404).
The directors are of opinion that the cost of land, the interim valuation and subsequent works included at cost reflect the fair value of the investment property as a whole.
6. Stocks
2024 2023
£ £
Work in progress 27,000 9,150
7. Debtors
2024 2023
£ £
Due within one year
Trade debtors 246,483 121,269
Other debtors 174 174
Intercompany loans 72,618 23,768
319,275 145,211
8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 5,364 11,164
Trade creditors 63,835 6,724
Bank loans and overdrafts 68,002 56,421
Corporation tax 114,320 87,488
Other taxes and social security 13,975 116
VAT 97,709 74,592
...CONTINUED
Page 6
Page 7
Other creditors 2,127 1,319
Accruals and deferred income 2,304 3,145
Intercompany loan 11,816 22,294
379,452 263,263
9. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts - 5,364
Bank loans - 1-2 years 60,055 57,013
Other creditors 10,022 10,022
Bank loans - 2-5 years 161,920 117,166
Bank loans > 5 years 225,735 249,230
Other loans - 1-2 years 63,718 68,050
Directors loan account 91,294 105,434
612,744 612,279
Of the creditors falling due after more than one year the following amounts are due after more than five years.
2024 2023
£ £
Bank loans 225,735 249,230
10. Secured Creditors
Of the creditors falling due within and after more than one year the following amounts are secured.
The Bank of Scotland Plc hold the property and part of the land at Balvalachlan Farm along with a floating charge over all the property and undertaking of the company.
Amounts due on hire purchase contracts and finance leases are secured over their corresponding assets.
2024 2023
£ £
Bank loans and overdrafts 415,865 479,829
11. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year 5,364 11,164
Later than one year and not later than five years - 5,364
5,364 16,528
5,364 16,528
Page 7
Page 8
12. Provisions for Liabilities
Deferred Tax Total
£ £
As at 1 December 2023 39,827 39,827
Additions 7,512 7,512
Balance at 30 November 2024 47,339 47,339
Deferred tax consists of capital allowances in advance of depreciation and changes in fair value of investment properties.
13. Share Capital
2024 2023
Allotted, called up and fully paid £ £
200 Ordinary Shares of £ 1.000 each 200 200
10 Ordinary B shares of £ 1.000 each 10 10
210 210
14. Other Commitments
The total of future minimum lease payments under non-cancellable operating leases are as following:
Office premises are leased on a rolling basis and reviewed annually.
2024 2023
£ £
Not later than one year 3,960 924
3,960 924
15. Related Party Transactions
WD Harley Ltd and WD Harley Property Ltd, Balvalachlan Ltd, WD Harley Leisure Ltd are associated through virtue of common control.
At 30th November 2024 the amount owed to W D Harley Property Ltd was £3,117 (2023: -£11,268). This balance is non-interest bearing and is repayable on demand.
At 30th November 2024 the amount owed from Balvalachlan Ltd was £118 (2023: -£9,694). This balance is
non-interest bearing and is repayable on demand.
At 30th November 2024 the amount owed to WD Harley Leisure Ltd was £7,299 (2023: £11,200). This balance is
non-interest bearing and is repayable on demand.
Page 8