Acorah Software Products - Accounts Production 16.5.460 false true 31 January 2024 1 February 2023 false 1 February 2024 31 January 2025 31 January 2025 SC346505 Mr Andrew Meldrum Mr Robert Munro Mr Charles Munro iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure SC346505 2024-01-31 SC346505 2025-01-31 SC346505 2024-02-01 2025-01-31 SC346505 frs-core:CurrentFinancialInstruments 2025-01-31 SC346505 frs-core:Non-currentFinancialInstruments 2025-01-31 SC346505 frs-core:BetweenOneFiveYears 2025-01-31 SC346505 frs-core:ComputerEquipment 2025-01-31 SC346505 frs-core:ComputerEquipment 2024-02-01 2025-01-31 SC346505 frs-core:ComputerEquipment 2024-01-31 SC346505 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-02-01 2025-01-31 SC346505 frs-core:MotorVehicles 2025-01-31 SC346505 frs-core:MotorVehicles 2024-02-01 2025-01-31 SC346505 frs-core:MotorVehicles 2024-01-31 SC346505 frs-core:PlantMachinery 2025-01-31 SC346505 frs-core:PlantMachinery 2024-02-01 2025-01-31 SC346505 frs-core:PlantMachinery 2024-01-31 SC346505 frs-core:WithinOneYear 2025-01-31 SC346505 frs-core:SharePremium 2025-01-31 SC346505 frs-core:ShareCapital 2025-01-31 SC346505 frs-core:RetainedEarningsAccumulatedLosses 2025-01-31 SC346505 frs-bus:PrivateLimitedCompanyLtd 2024-02-01 2025-01-31 SC346505 frs-bus:FilletedAccounts 2024-02-01 2025-01-31 SC346505 frs-bus:SmallEntities 2024-02-01 2025-01-31 SC346505 frs-bus:AuditExempt-NoAccountantsReport 2024-02-01 2025-01-31 SC346505 frs-bus:SmallCompaniesRegimeForAccounts 2024-02-01 2025-01-31 SC346505 frs-bus:Director1 2024-02-01 2025-01-31 SC346505 frs-bus:Director2 2024-02-01 2025-01-31 SC346505 frs-bus:Director3 2024-02-01 2025-01-31 SC346505 1 2024-02-01 2025-01-31 SC346505 frs-countries:Scotland 2024-02-01 2025-01-31 SC346505 2023-01-31 SC346505 2024-01-31 SC346505 2023-02-01 2024-01-31 SC346505 frs-core:CurrentFinancialInstruments 2024-01-31 SC346505 frs-core:Non-currentFinancialInstruments 2024-01-31 SC346505 frs-core:BetweenOneFiveYears 2024-01-31 SC346505 frs-core:WithinOneYear 2024-01-31 SC346505 frs-core:SharePremium 2024-01-31 SC346505 frs-core:ShareCapital 2024-01-31 SC346505 frs-core:RetainedEarningsAccumulatedLosses 2024-01-31 SC346505 1 2023-02-01 2024-01-31
Registered number: SC346505
Glencoe Mountain Limited
Financial Statements
For The Year Ended 31 January 2025
Stewart Accounting Services Limited
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: SC346505
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 3,144,999 3,266,145
3,144,999 3,266,145
CURRENT ASSETS
Debtors 5 14,000 4,589
Cash at bank and in hand 666,395 706,714
680,395 711,303
Creditors: Amounts Falling Due Within One Year 6 (106,397 ) (97,331 )
NET CURRENT ASSETS (LIABILITIES) 573,998 613,972
TOTAL ASSETS LESS CURRENT LIABILITIES 3,718,997 3,880,117
Creditors: Amounts Falling Due After More Than One Year 7 (459,797 ) (507,079 )
NET ASSETS 3,259,200 3,373,038
CAPITAL AND RESERVES
Called up share capital 9 300 300
Share premium account 109,700 109,700
Profit and Loss Account 3,149,200 3,263,038
SHAREHOLDERS' FUNDS 3,259,200 3,373,038
Page 1
Page 2
For the year ending 31 January 2025 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 Andrew Meldrum
Director
23rd September 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
Glencoe Mountain Limited is a private company, limited by shares, incorporated in Scotland, registered number SC346505 . The registered office is White Corries Kingshouse, Glencoe, Argyll, PH49 4HZ.
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
Plant & Machinery 10% SLM
Motor Vehicles 25% RBM
Computer Equipment 25% RBM
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.
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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 year 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 asset reflects 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 or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also 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:
2025 2024
Average number of employees 45 45
45 45
4. Tangible Assets
Plant & Machinery Motor Vehicles Computer Equipment Total
£ £ £ £
Cost or Valuation
As at 1 February 2024 4,897,208 23,288 130,620 5,051,116
Additions 72,997 39,275 18,482 130,754
Revaluation (8,275 ) - - (8,275 )
As at 31 January 2025 4,961,930 62,563 149,102 5,173,595
...CONTINUED
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Depreciation
As at 1 February 2024 1,720,791 13,463 50,717 1,784,971
Provided during the period 206,754 12,275 24,596 243,625
As at 31 January 2025 1,927,545 25,738 75,313 2,028,596
Net Book Value
As at 31 January 2025 3,034,385 36,825 73,789 3,144,999
As at 1 February 2024 3,176,417 9,825 79,903 3,266,145
5. Debtors
2025 2024
£ £
Due within one year
Trade debtors 2,348 2,326
Prepayments and accrued income 11,652 2,263
14,000 4,589
6. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Net obligations under finance lease and hire purchase contracts 21,182 21,182
Trade creditors 43,900 46,660
Corporation tax - 6,163
Other taxes and social security 1,615 3,906
VAT 38,741 19,420
Pension control account 959 -
106,397 97,331
7. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Net obligations under finance lease and hire purchase contracts 3,630 24,813
Other creditors 288,132 297,396
Accruals and deferred income (Grant Income) 168,035 184,870
459,797 507,079
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8. Obligations Under Finance Leases and Hire Purchase
2025 2024
£ £
The future minimum finance lease payments are as follows:
Not later than one year 21,182 21,182
Later than one year and not later than five years 3,630 24,813
24,812 45,995
24,812 45,995
9. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 300 300
Page 6