Acorah Software Products - Accounts Production 16.4.675 false true 31 December 2023 1 January 2023 false 1 January 2024 31 December 2024 31 December 2024 SC650190 Mr Martin Shepherd Ms Robyn McIntosh iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure SC650190 2023-12-31 SC650190 2024-12-31 SC650190 2024-01-01 2024-12-31 SC650190 frs-core:CurrentFinancialInstruments 2024-12-31 SC650190 frs-core:Non-currentFinancialInstruments 2024-12-31 SC650190 frs-core:BetweenOneFiveYears 2024-12-31 SC650190 frs-core:ComputerEquipment 2024-12-31 SC650190 frs-core:ComputerEquipment 2024-01-01 2024-12-31 SC650190 frs-core:ComputerEquipment 2023-12-31 SC650190 frs-core:FurnitureFittings 2024-12-31 SC650190 frs-core:FurnitureFittings 2024-01-01 2024-12-31 SC650190 frs-core:FurnitureFittings 2023-12-31 SC650190 frs-core:MotorVehicles 2024-12-31 SC650190 frs-core:MotorVehicles 2024-01-01 2024-12-31 SC650190 frs-core:MotorVehicles 2023-12-31 SC650190 frs-core:PlantMachinery 2024-12-31 SC650190 frs-core:PlantMachinery 2024-01-01 2024-12-31 SC650190 frs-core:PlantMachinery 2023-12-31 SC650190 frs-core:WithinOneYear 2024-12-31 SC650190 frs-core:ShareCapital 2024-12-31 SC650190 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 SC650190 frs-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 SC650190 frs-bus:FilletedAccounts 2024-01-01 2024-12-31 SC650190 frs-bus:SmallEntities 2024-01-01 2024-12-31 SC650190 frs-bus:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 SC650190 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 SC650190 frs-bus:Director1 2024-01-01 2024-12-31 SC650190 frs-bus:Director2 2024-01-01 2024-12-31 SC650190 frs-core:CurrentFinancialInstruments 1 2024-12-31 SC650190 frs-core:CurrentFinancialInstruments 2 2024-12-31 SC650190 frs-countries:Scotland 2024-01-01 2024-12-31 SC650190 2022-12-31 SC650190 2023-12-31 SC650190 2023-01-01 2023-12-31 SC650190 frs-core:CurrentFinancialInstruments 2023-12-31 SC650190 frs-core:Non-currentFinancialInstruments 2023-12-31 SC650190 frs-core:BetweenOneFiveYears 2023-12-31 SC650190 frs-core:WithinOneYear 2023-12-31 SC650190 frs-core:ShareCapital 2023-12-31 SC650190 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 SC650190 frs-core:CurrentFinancialInstruments 1 2023-12-31 SC650190 frs-core:CurrentFinancialInstruments 2 2023-12-31
Registered number: SC650190
Forth Scaffolding Ltd
Unaudited Financial Statements
For The Year Ended 31 December 2024
D Napier Accountancy
ACCA
Office 2, 30/2 Eskbank Office Complex
Hardengreen Industrial Estate
Dalkeith
EH22 3NX
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: SC650190
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 361,909 240,346
361,909 240,346
CURRENT ASSETS
Debtors 5 136,507 232,071
Cash at bank and in hand 8,455 17,922
144,962 249,993
Creditors: Amounts Falling Due Within One Year 6 (204,719 ) (88,138 )
NET CURRENT ASSETS (LIABILITIES) (59,757 ) 161,855
TOTAL ASSETS LESS CURRENT LIABILITIES 302,152 402,201
Creditors: Amounts Falling Due After More Than One Year 7 (126,796 ) (98,151 )
NET ASSETS 175,356 304,050
CAPITAL AND RESERVES
Called up share capital 9 5 5
Profit and Loss Account 175,351 304,045
SHAREHOLDERS' FUNDS 175,356 304,050
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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
Ms Robyn McIntosh
Director
18th July 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
Forth Scaffolding Ltd is a private company, limited by shares, incorporated in Scotland, registered number SC650190 . The registered office is 4 Loft View, Danderhall, EH22 1FR.
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:
Plant & Machinery 15% - 33% Straight Line
Motor Vehicles 20% - 33% Straight Line
Fixtures & Fittings 15%-33% Straight Line
Computer Equipment 33% Straight Line
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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. 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: 50 (2023: 30)
50 30
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4. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 January 2024 232,019 152,520 11,385 3,234 399,158
Additions 132,164 87,080 - 1,009 220,253
Disposals - (5,200 ) - - (5,200 )
As at 31 December 2024 364,183 234,400 11,385 4,243 614,211
Depreciation
As at 1 January 2024 97,002 58,240 1,931 1,639 158,812
Provided during the period 54,834 40,986 1,931 939 98,690
Disposals - (5,200 ) - - (5,200 )
As at 31 December 2024 151,836 94,026 3,862 2,578 252,302
Net Book Value
As at 31 December 2024 212,347 140,374 7,523 1,665 361,909
As at 1 January 2024 135,017 94,280 9,454 1,595 240,346
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 128,620 215,761
Other debtors - 859
Other taxes and social security 7,887 15,451
136,507 232,071
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 25,599 25,599
Trade creditors 90,000 1
Bank loans and overdrafts 3,956 3,956
Corporation tax 29,643 31,644
VAT 10,902 10,643
Net wages 13,402 7,849
Other creditors 26,958 4,453
...CONTINUED
Page 5
Page 6
Other creditors (1) 857 706
Other creditors (2) 3,363 3,284
Directors' loan accounts 39 3
204,719 88,138
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 124,774 92,129
Bank loans 2,022 6,022
126,796 98,151
8. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year 25,599 25,599
Later than one year and not later than five years 124,774 92,129
150,373 117,728
150,373 117,728
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 5 5
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