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 SC218319 Mr A Foubister Mr G Brown Mr D Scarth Mr W Harcus Mr S Metcalf Mrs P Harcus Ms K Johnston iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure SC218319 2024-01-31 SC218319 2025-01-31 SC218319 2024-02-01 2025-01-31 SC218319 frs-core:NetGoodwill 2024-02-01 2025-01-31 SC218319 frs-core:PlantMachinery 2024-02-01 2025-01-31 SC218319 frs-core:RetainedEarningsAccumulatedLosses 2025-01-31 SC218319 frs-bus:CompanyLimitedByGuarantee 2024-02-01 2025-01-31 SC218319 frs-bus:AbridgedAccounts 2024-02-01 2025-01-31 SC218319 frs-bus:SmallEntities 2024-02-01 2025-01-31 SC218319 frs-bus:AuditExempt-NoAccountantsReport 2024-02-01 2025-01-31 SC218319 frs-bus:SmallCompaniesRegimeForAccounts 2024-02-01 2025-01-31 SC218319 frs-bus:Director1 2024-02-01 2025-01-31 SC218319 frs-bus:Director2 2024-02-01 2025-01-31 SC218319 frs-bus:Director3 2024-02-01 2025-01-31 SC218319 frs-bus:Director4 2024-02-01 2025-01-31 SC218319 frs-bus:Director5 2024-02-01 2025-01-31 SC218319 frs-bus:Director6 2024-02-01 2025-01-31 SC218319 frs-bus:CompanySecretary1 2024-02-01 2025-01-31 SC218319 frs-countries:Scotland 2024-02-01 2025-01-31 SC218319 2023-01-31 SC218319 2024-01-31 SC218319 2023-02-01 2024-01-31 SC218319 frs-core:RetainedEarningsAccumulatedLosses 2024-01-31
Registered number: SC218319
Orkney Livestock Association Ltd.
ABRIDGED Financial Statements
For The Year Ended 31 January 2025
Orcadia
Chartered Accountants
1-3 East Road
Kirkwall
Orkney
KW15 1HZ
Orkney Livestock Association Ltd.
Contents
Contents

| Page
--- | ---
Abridged Balance Sheet | 1—2
Notes to the Abridged Financial Statements | 3—5

Page 1
Orkney Livestock Association Ltd.
Abridged Balance Sheet
As At 31 January 2025
Abridged Balance Sheet
Registered number: SC218319

| 2025 | 2024
--- | --- | ---
| Notes | £ | £ | £ | £
FIXED ASSETS
Tangible Assets | 5 |  | 238 |  | 279
|  |  | 238 |  | 279
CURRENT ASSETS
Debtors |  | 2,916 |  | 3,482 |
Cash at bank and in hand |  | 7,496 |  | 6,513 |
|  | 10,412 |  | 9,995 |
Creditors: Amounts Falling Due Within One Year |  | (736 ) |  | (485 ) |
NET CURRENT ASSETS (LIABILITIES) |  |  | 9,676 |  | 9,510
TOTAL ASSETS LESS CURRENT LIABILITIES |  |  | 9,914 |  | 9,789
NET ASSETS |  |  | 9,914 |  | 9,789
Income and Expenditure Account |  |  | 9,914 |  | 9,789
MEMBERS' FUNDS |  |  | 9,914 |  | 9,789

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Orkney Livestock Association Ltd.
Abridged Balance Sheet (continued)
As At 31 January 2025
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 Income and Expenditure Account.
All of the company's members have consented to the preparation of an Abridged Balance Sheet for the year end 31 January 2025 in accordance with section 444(2A) of the Companies Act 2006.
On behalf of the board

Mr D Scarth Director
23 October 2025

The notes on pages 3 to 5 form part of these financial statements.
Page 2
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Orkney Livestock Association Ltd.
Notes to the Abridged Financial Statements
For The Year Ended 31 January 2025
Notes to the Abridged Financial Statements
1. General Information
Orkney Livestock Association Ltd. is a private company, limited by guarantee, incorporated in Scotland, registered number SC218319 . The registered office is Unit 7, Orkney Auction Mart, Grainshore Road, Kirkwall, Orkney, KW15 1FL.
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.
2.3. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to the income and expenditure account over its estimated economic life of one year.
2.4. 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% Reducing Balance

2.5. Financial Instruments
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.
Classification of financial liabilities
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
Basic financial liabilities
...CONTINUED
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Orkney Livestock Association Ltd.
Notes to the Abridged Financial Statements (continued)
For The Year Ended 31 January 2025
2.5. Financial Instruments - continued
Basic financial liabilities, including creditors re initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.
Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2024: 1)
1 1
4. Intangible Assets

| Total
--- | ---
| £
Cost
As at 1 February 2024 | (2,737 )
As at 31 January 2025 | (2,737 )
Amortisation
As at 1 February 2024 | (2,737 )
As at 31 January 2025 | (2,737 )
Net Book Value
As at 31 January 2025 | -
As at 1 February 2024 | -

5. Tangible Assets

| Total
--- | ---
| £
Cost
As at 1 February 2024 | 1,356
As at 31 January 2025 | 1,356
Depreciation
As at 1 February 2024 | 1,077
Provided during the period | 41
As at 31 January 2025 | 1,118
Net Book Value
As at 31 January 2025 | 238
As at 1 February 2024 | 279

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Orkney Livestock Association Ltd.
Notes to the Abridged Financial Statements (continued)
For The Year Ended 31 January 2025
6. Company limited by guarantee
The company is limited by guarantee and has no share capital.
Every member of the company undertakes to contribute to the assets of the company, in the event of a winding up, such an amount as may be required not exceeding £1.
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