Acorah Software Products - Accounts Production 16.5.460 false true 31 May 2024 1 June 2023 false 1 June 2024 31 May 2025 31 May 2025 SC248596 Mr S A Aiken iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure SC248596 2024-05-31 SC248596 2025-05-31 SC248596 2024-06-01 2025-05-31 SC248596 frs-core:CurrentFinancialInstruments 2025-05-31 SC248596 frs-core:Non-currentFinancialInstruments 2025-05-31 SC248596 frs-core:FurnitureFittings 2025-05-31 SC248596 frs-core:FurnitureFittings 2024-06-01 2025-05-31 SC248596 frs-core:FurnitureFittings 2024-05-31 SC248596 frs-core:NetGoodwill 2025-05-31 SC248596 frs-core:NetGoodwill 2024-06-01 2025-05-31 SC248596 frs-core:NetGoodwill 2024-05-31 SC248596 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2025-05-31 SC248596 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-06-01 2025-05-31 SC248596 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-05-31 SC248596 frs-core:ShareCapital 2025-05-31 SC248596 frs-core:RetainedEarningsAccumulatedLosses 2025-05-31 SC248596 frs-bus:PrivateLimitedCompanyLtd 2024-06-01 2025-05-31 SC248596 frs-bus:FilletedAccounts 2024-06-01 2025-05-31 SC248596 frs-bus:SmallEntities 2024-06-01 2025-05-31 SC248596 frs-bus:AuditExempt-NoAccountantsReport 2024-06-01 2025-05-31 SC248596 frs-bus:SmallCompaniesRegimeForAccounts 2024-06-01 2025-05-31 SC248596 frs-core:CostValuation 2024-05-31 SC248596 frs-core:CostValuation 2025-05-31 SC248596 frs-core:ProvisionsForImpairmentInvestments 2024-05-31 SC248596 frs-core:ProvisionsForImpairmentInvestments 2025-05-31 SC248596 frs-bus:Director1 2024-06-01 2025-05-31 SC248596 frs-bus:Director1 2024-05-31 SC248596 frs-bus:Director1 2025-05-31 SC248596 frs-countries:Scotland 2024-06-01 2025-05-31 SC248596 2023-05-31 SC248596 2024-05-31 SC248596 2023-06-01 2024-05-31 SC248596 frs-core:CurrentFinancialInstruments 2024-05-31 SC248596 frs-core:Non-currentFinancialInstruments 2024-05-31 SC248596 frs-core:ShareCapital 2024-05-31 SC248596 frs-core:RetainedEarningsAccumulatedLosses 2024-05-31
Mackie & Aiken Limited
Unaudited Financial Statements
For The Year Ended 31 May 2025
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: SC248596
2025 2024
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 - 56,800
Tangible Assets 5 - 461,172
Investment Properties 6 672,241 -
Investments 7 2 2
672,243 517,974
CURRENT ASSETS
Debtors 8 103,897 98,732
Cash at bank and in hand 24,152 79,230
128,049 177,962
Creditors: Amounts Falling Due Within One Year 9 (319,699 ) (353,572 )
NET CURRENT ASSETS (LIABILITIES) (191,650 ) (175,610 )
TOTAL ASSETS LESS CURRENT LIABILITIES 480,593 342,364
Creditors: Amounts Falling Due After More Than One Year 10 (96,605 ) (154,450 )
NET ASSETS 383,988 187,914
CAPITAL AND RESERVES
Called up share capital 12 40,000 40,000
Profit and Loss Account 343,988 147,914
SHAREHOLDERS' FUNDS 383,988 187,914
Page 1
Page 2
For the year ending 31 May 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 S A Aiken
Director
27th August 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
Mackie & Aiken Limited is a private company, limited by shares, incorporated in Scotland, registered number SC248596 . The registered office is 10 Merchant Street, Peterhead, AB42 1BU.
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. 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 2% on cost
Fixtures & Fittings 15% on cost
2.3. 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.
2.4. 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2024: NIL)
- -
Page 3
Page 4
4. Intangible Assets
Goodwill
£
Cost
As at 1 June 2024 152,000
Disposals (152,000 )
As at 31 May 2025 -
Amortisation
As at 1 June 2024 95,200
Disposals (95,200 )
As at 31 May 2025 -
Net Book Value
As at 31 May 2025 -
As at 1 June 2024 56,800
5. Tangible Assets
Land & Property
Freehold Fixtures & Fittings Total
£ £ £
Cost or Valuation
As at 1 June 2024 672,241 164,588 836,829
Disposals (672,241 ) (164,588 ) (836,829 )
As at 31 May 2025 - - -
Depreciation
As at 1 June 2024 211,069 164,588 375,657
Disposals (211,069 ) (164,588 ) (375,657 )
As at 31 May 2025 - - -
Net Book Value
As at 31 May 2025 - - -
As at 1 June 2024 461,172 - 461,172
6. Investment Property
2025
£
Fair Value
As at 1 June 2024 -
Additions 461,172
Fair value adjustments 211,069
As at 31 May 2025 672,241
Page 4
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7. Investments
Other
£
Cost or Valuation
As at 1 June 2024 2
As at 31 May 2025 2
Provision
As at 1 June 2024 -
As at 31 May 2025 -
Net Book Value
As at 31 May 2025 2
As at 1 June 2024 2
8. Debtors
2025 2024
£ £
Due within one year
Trade debtors 15,048 6,484
Other debtors 45,119 50,151
VAT 8,243 -
Director's loan account 35,487 42,097
103,897 98,732
9. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 9,043 7,041
Bank loans and overdrafts 10,925 10,925
Corporation tax 14,656 12,493
VAT - 5,729
Other creditors 91,221 129,070
Accruals and deferred income 3,459 3,407
Amounts owed to group undertakings 190,395 184,907
319,699 353,572
10. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Bank loans 45,807 56,762
Other creditors 50,798 97,688
96,605 154,450
Page 5
Page 6
11. Secured Creditors
Of the creditors the following amounts are secured.
Tennents Caledonian Ltd
2025 2024
£ £
Other Creditors 97,688 144,579
12. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 40,000 40,000
13. Directors Advances, Credits and Guarantees
Included within Debtors are the following interest free loans to directors:
As at 1 June 2024 Amounts advanced Amounts repaid Amounts written off As at 31 May 2025
£ £ £ £ £
Mr Stewart Aiken 42,097 1,102 7,712 - 35,487
Page 6