Acorah Software Products - Accounts Production 16.5.460 false true 31 December 2023 1 January 2023 false 1 January 2024 31 December 2024 31 December 2024 SC504557 Dr M P Hartley Mr M D Knight Mr R J Knight iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure SC504557 2023-12-31 SC504557 2024-12-31 SC504557 2024-01-01 2024-12-31 SC504557 frs-core:CurrentFinancialInstruments 2024-12-31 SC504557 frs-core:Non-currentFinancialInstruments 2024-12-31 SC504557 frs-core:FurnitureFittings 2024-12-31 SC504557 frs-core:FurnitureFittings 2024-01-01 2024-12-31 SC504557 frs-core:FurnitureFittings 2023-12-31 SC504557 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-12-31 SC504557 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 SC504557 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-12-31 SC504557 frs-core:WithinOneYear 2024-12-31 SC504557 frs-core:RevaluationReserve 2023-12-31 SC504557 frs-core:RevaluationReserve 2024-12-31 SC504557 frs-core:ShareCapital 2024-12-31 SC504557 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 SC504557 frs-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 SC504557 frs-bus:FilletedAccounts 2024-01-01 2024-12-31 SC504557 frs-bus:SmallEntities 2024-01-01 2024-12-31 SC504557 frs-bus:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 SC504557 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 SC504557 frs-bus:Director1 2024-01-01 2024-12-31 SC504557 frs-bus:Director2 2024-01-01 2024-12-31 SC504557 frs-bus:Director3 2024-01-01 2024-12-31 SC504557 frs-countries:Scotland 2024-01-01 2024-12-31 SC504557 2022-12-31 SC504557 2023-12-31 SC504557 2023-01-01 2023-12-31 SC504557 frs-core:CurrentFinancialInstruments 2023-12-31 SC504557 frs-core:Non-currentFinancialInstruments 2023-12-31 SC504557 frs-core:WithinOneYear 2023-12-31 SC504557 frs-core:RevaluationReserve 2023-12-31 SC504557 frs-core:ShareCapital 2023-12-31 SC504557 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31
Registered number: SC504557
Fife Zoo Ltd
Unaudited Financial Statements
For The Year Ended 31 December 2024
Erdingsworth Business & Tax Advisors Ltd
Unit 3 Cuckoo Wharf, 427 Lichfield Road
Birmingham
West Midlands
B6 7SS
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: SC504557
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 652,738 560,796
652,738 560,796
CURRENT ASSETS
Stocks 5 5,081 8,300
Debtors 6 (42,250 ) 18,133
Cash at bank and in hand 3,766 898
(33,403 ) 27,331
Creditors: Amounts Falling Due Within One Year 7 (148,066 ) (150,677 )
NET CURRENT ASSETS (LIABILITIES) (181,469 ) (123,346 )
TOTAL ASSETS LESS CURRENT LIABILITIES 471,269 437,450
Creditors: Amounts Falling Due After More Than One Year 8 (703,397 ) (721,750 )
NET LIABILITIES (232,128 ) (284,300 )
CAPITAL AND RESERVES
Called up share capital 10 4 4
Revaluation reserve 11 203,530 203,530
Profit and Loss Account (435,662 ) (487,834 )
SHAREHOLDERS' FUNDS (232,128) (284,300)
Page 1
Page 2
For the year ending 31 December 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 M D Knight
Director
14th August 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
Fife Zoo Ltd is a private company, limited by shares, incorporated in Scotland, registered number SC504557 . The registered office is Fife Zoo Ladybank, Cupar, KY15 7UT.
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. 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 Nil
Fixtures & Fittings 15% Reducing Balance
2.4. 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.
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. 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.
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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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 9 (2023: 9)
9 9
4. Tangible Assets
Land & Property
Freehold Fixtures & Fittings Total
£ £ £
Cost or Valuation
As at 1 January 2024 569,718 127,528 697,246
Additions - 30,661 30,661
Revaluation 75,000 - 75,000
As at 31 December 2024 644,718 158,189 802,907
Depreciation
As at 1 January 2024 69,718 66,732 136,450
Provided during the period - 13,719 13,719
As at 31 December 2024 69,718 80,451 150,169
Net Book Value
As at 31 December 2024 575,000 77,738 652,738
As at 1 January 2024 500,000 60,796 560,796
5. Stocks
2024 2023
£ £
Stock 5,081 8,300
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6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 6,760 633
Other debtors (49,010) 17,500
(42,250 ) 18,133
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts - 1,764
Trade creditors 102,548 126,108
Bank loans and overdrafts 16,793 8,310
Other creditors 3,621 4,161
Taxation and social security 25,104 10,334
148,066 150,677
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 178,781 221,563
Other creditors 524,616 500,187
703,397 721,750
9. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year - 1,764
10. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 4 4
11. Reserves
Revaluation Reserve
£
As at 1 January 2024 203,530
As at 31 December 2024 203,530
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