Acorah Software Products - Accounts Production 16.5.460 false true 30 September 2024 1 October 2023 false 1 October 2024 30 September 2025 30 September 2025 SC331591 Dr Alexander MacKinnon Mrs Rachel MacKinnon Mrs Rachel MacKinnon iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure SC331591 2024-09-30 SC331591 2025-09-30 SC331591 2024-10-01 2025-09-30 SC331591 frs-core:CurrentFinancialInstruments 2025-09-30 SC331591 frs-core:Non-currentFinancialInstruments 2025-09-30 SC331591 frs-core:ComputerEquipment 2025-09-30 SC331591 frs-core:ComputerEquipment 2024-10-01 2025-09-30 SC331591 frs-core:ComputerEquipment 2024-09-30 SC331591 frs-core:FurnitureFittings 2025-09-30 SC331591 frs-core:FurnitureFittings 2024-10-01 2025-09-30 SC331591 frs-core:FurnitureFittings 2024-09-30 SC331591 frs-core:ShareCapital 2025-09-30 SC331591 frs-core:RetainedEarningsAccumulatedLosses 2025-09-30 SC331591 frs-bus:PrivateLimitedCompanyLtd 2024-10-01 2025-09-30 SC331591 frs-bus:FilletedAccounts 2024-10-01 2025-09-30 SC331591 frs-bus:SmallEntities 2024-10-01 2025-09-30 SC331591 frs-bus:AuditExempt-NoAccountantsReport 2024-10-01 2025-09-30 SC331591 frs-bus:SmallCompaniesRegimeForAccounts 2024-10-01 2025-09-30 SC331591 frs-bus:Director1 2024-10-01 2025-09-30 SC331591 frs-bus:Director1 2024-09-30 SC331591 frs-bus:Director1 2025-09-30 SC331591 frs-bus:Director2 2024-10-01 2025-09-30 SC331591 frs-bus:Director2 2024-09-30 SC331591 frs-bus:Director2 2025-09-30 SC331591 frs-bus:CompanySecretary1 2024-10-01 2025-09-30 SC331591 frs-countries:Scotland 2024-10-01 2025-09-30 SC331591 2023-09-30 SC331591 2024-09-30 SC331591 2023-10-01 2024-09-30 SC331591 frs-core:CurrentFinancialInstruments 2024-09-30 SC331591 frs-core:Non-currentFinancialInstruments 2024-09-30 SC331591 frs-core:ShareCapital 2024-09-30 SC331591 frs-core:RetainedEarningsAccumulatedLosses 2024-09-30
Registered number: SC331591
Mackinnon Marine Limited
Unaudited Financial Statements
For The Year Ended 30 September 2025
TaxAssist Accountants
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: SC331591
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 5,505 6,874
5,505 6,874
CURRENT ASSETS
Debtors 5 525,441 530,478
Cash at bank and in hand 24 45
525,465 530,523
Creditors: Amounts Falling Due Within One Year 6 (338,000 ) (306,503 )
NET CURRENT ASSETS (LIABILITIES) 187,465 224,020
TOTAL ASSETS LESS CURRENT LIABILITIES 192,970 230,894
Creditors: Amounts Falling Due After More Than One Year 7 (9,261 ) (17,594 )
NET ASSETS 183,709 213,300
CAPITAL AND RESERVES
Called up share capital 8 100 100
Profit and Loss Account 183,609 213,200
SHAREHOLDERS' FUNDS 183,709 213,300
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For the year ending 30 September 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
Dr Alexander MacKinnon
Director
07/11/2025
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Mackinnon Marine Limited is a private company, limited by shares, incorporated in Scotland, registered number SC331591 . The registered office is The Cedars Herds Crescent, Johnshaven, Montrose, Angus, DD10 0EZ.
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:
Fixtures & Fittings 25% reducing balance
Computer Equipment 25% reducing balance
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 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: 2 (2024: 2)
2 2
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4. Tangible Assets
Fixtures & Fittings Computer Equipment Total
£ £ £
Cost
As at 1 October 2024 116,838 3,374 120,212
As at 30 September 2025 116,838 3,374 120,212
Depreciation
As at 1 October 2024 112,167 1,171 113,338
Provided during the period 1,168 201 1,369
As at 30 September 2025 113,335 1,372 114,707
Net Book Value
As at 30 September 2025 3,503 2,002 5,505
As at 1 October 2024 4,671 2,203 6,874
5. Debtors
2025 2024
£ £
Due within one year
Trade debtors 35,000 23,199
Other debtors 370,141 370,141
405,141 393,340
Due after more than one year
Other debtors - S455 tax 120,300 137,138
525,441 530,478
6. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 13,619 17,083
Corporation tax 254,935 198,205
Other taxes and social security 2,735 8,208
VAT 64,626 81,936
Accruals and deferred income 1,135 1,047
Directors' loan accounts 950 24
338,000 306,503
7. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Bank loans 9,261 17,594
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8. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 100 100
9. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 October 2024 Amounts advanced Amounts repaid Amounts written off As at 30 September 2025
£ £ £ £ £
Dr Alexander MacKinnon 185,058 - 475 - 184,583
Mrs Rachel MacKinnon 185,058 - 475 - 184,583
The above loan is unsecured, interest free and repayable on demand.
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