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 SC256558 Mr Alan Stephen Mrs Jacqueline Stephen iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure SC256558 2023-12-31 SC256558 2024-12-31 SC256558 2024-01-01 2024-12-31 SC256558 frs-core:CurrentFinancialInstruments 2024-12-31 SC256558 frs-core:Non-currentFinancialInstruments 2024-12-31 SC256558 frs-core:ComputerEquipment 2024-12-31 SC256558 frs-core:ComputerEquipment 2024-01-01 2024-12-31 SC256558 frs-core:ComputerEquipment 2023-12-31 SC256558 frs-core:FurnitureFittings 2024-12-31 SC256558 frs-core:FurnitureFittings 2024-01-01 2024-12-31 SC256558 frs-core:FurnitureFittings 2023-12-31 SC256558 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-12-31 SC256558 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-01-01 2024-12-31 SC256558 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-12-31 SC256558 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-12-31 SC256558 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 SC256558 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-12-31 SC256558 frs-core:MotorVehicles 2024-12-31 SC256558 frs-core:MotorVehicles 2024-01-01 2024-12-31 SC256558 frs-core:MotorVehicles 2023-12-31 SC256558 frs-core:PlantMachinery 2024-01-01 2024-12-31 SC256558 frs-core:ShareCapital 2024-12-31 SC256558 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 SC256558 frs-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 SC256558 frs-bus:FilletedAccounts 2024-01-01 2024-12-31 SC256558 frs-bus:SmallEntities 2024-01-01 2024-12-31 SC256558 frs-bus:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 SC256558 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 SC256558 frs-bus:Director1 2024-01-01 2024-12-31 SC256558 frs-bus:Director2 2024-01-01 2024-12-31 SC256558 frs-countries:Scotland 2024-01-01 2024-12-31 SC256558 2022-12-31 SC256558 2023-12-31 SC256558 2023-01-01 2023-12-31 SC256558 frs-core:CurrentFinancialInstruments 2023-12-31 SC256558 frs-core:Non-currentFinancialInstruments 2023-12-31 SC256558 frs-core:ShareCapital 2023-12-31 SC256558 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31
Registered number: SC256558
Pride n Joy (Peterhead) Limited
Unaudited Financial Statements
For The Year Ended 31 December 2024
M Squared Accountants Ltd
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: SC256558
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 239,886 217,199
239,886 217,199
CURRENT ASSETS
Debtors 5 213,064 218,150
Cash at bank and in hand 110,362 130,681
323,426 348,831
Creditors: Amounts Falling Due Within One Year 6 (78,525 ) (100,542 )
NET CURRENT ASSETS (LIABILITIES) 244,901 248,289
TOTAL ASSETS LESS CURRENT LIABILITIES 484,787 465,488
Creditors: Amounts Falling Due After More Than One Year 7 (81,852 ) (90,705 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (1,936 ) (1,627 )
NET ASSETS 400,999 373,156
CAPITAL AND RESERVES
Called up share capital 8 2 2
Profit and Loss Account 400,997 373,154
SHAREHOLDERS' FUNDS 400,999 373,156
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
Mrs Jacqueline Stephen
Director
11/07/2025
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
Pride n Joy (Peterhead) Limited is a private company, limited by shares, incorporated in Scotland, registered number SC256558 . The registered office is 1B Wilson Street, Peterhead, Aberdeenshire, AB42 1UD.
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 No depreciation
Leasehold 10% Staight Line
Plant & Machinery 25% Reducing Balance
Motor Vehicles 25% Reducing Balance
Fixtures & Fittings 25% Reducing Balance
Computer Equipment 33% Straight Line
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.
Page 3
Page 4
3. Average Number of Employees
Average number of employees, including directors, during the year was: 29 (2023: 27)
29 27
4. Tangible Assets
Land & Property
Freehold Leasehold Motor Vehicles Fixtures & Fittings
£ £ £ £
Cost
As at 1 January 2024 200,430 26,086 25,468 59,791
Additions - 3,490 24,511 1,922
As at 31 December 2024 200,430 29,576 49,979 61,713
Depreciation
As at 1 January 2024 - 18,262 22,721 54,122
Provided during the period - 2,958 2,378 1,546
As at 31 December 2024 - 21,220 25,099 55,668
Net Book Value
As at 31 December 2024 200,430 8,356 24,880 6,045
As at 1 January 2024 200,430 7,824 2,747 5,669
Computer Equipment Total
£ £
Cost
As at 1 January 2024 7,058 318,833
Additions - 29,923
As at 31 December 2024 7,058 348,756
Depreciation
As at 1 January 2024 6,529 101,634
Provided during the period 354 7,236
As at 31 December 2024 6,883 108,870
Net Book Value
As at 31 December 2024 175 239,886
As at 1 January 2024 529 217,199
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 20,534 28,268
Amounts owed by participating interests 188,712 188,252
Other debtors 3,818 1,630
213,064 218,150
Page 4
Page 5
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 703 5,946
Bank loans and overdrafts 8,749 8,644
Other creditors 43,484 32,138
Taxation and social security 25,589 53,814
78,525 100,542
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 81,852 90,705
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 2 2
Page 5