Acorah Software Products - Accounts Production 16.6.950 false true 30 November 2023 1 December 2022 false 1 December 2023 30 November 2024 30 November 2024 SC199570 Iain Couttie iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure SC199570 2023-11-30 SC199570 2024-11-30 SC199570 2023-12-01 2024-11-30 SC199570 frs-core:CurrentFinancialInstruments 2024-11-30 SC199570 frs-core:Non-currentFinancialInstruments 2024-11-30 SC199570 frs-core:FurnitureFittings 2024-11-30 SC199570 frs-core:FurnitureFittings 2023-12-01 2024-11-30 SC199570 frs-core:FurnitureFittings 2023-11-30 SC199570 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-11-30 SC199570 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-12-01 2024-11-30 SC199570 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-11-30 SC199570 frs-core:MotorVehicles 2024-11-30 SC199570 frs-core:MotorVehicles 2023-12-01 2024-11-30 SC199570 frs-core:MotorVehicles 2023-11-30 SC199570 frs-core:PlantMachinery 2024-11-30 SC199570 frs-core:PlantMachinery 2023-12-01 2024-11-30 SC199570 frs-core:PlantMachinery 2023-11-30 SC199570 frs-core:ShareCapital 2024-11-30 SC199570 frs-core:RetainedEarningsAccumulatedLosses 2024-11-30 SC199570 frs-bus:PrivateLimitedCompanyLtd 2023-12-01 2024-11-30 SC199570 frs-bus:FilletedAccounts 2023-12-01 2024-11-30 SC199570 frs-bus:SmallEntities 2023-12-01 2024-11-30 SC199570 frs-bus:AuditExempt-NoAccountantsReport 2023-12-01 2024-11-30 SC199570 frs-bus:SmallCompaniesRegimeForAccounts 2023-12-01 2024-11-30 SC199570 frs-bus:Director1 2023-12-01 2024-11-30 SC199570 frs-countries:Scotland 2023-12-01 2024-11-30 SC199570 2022-11-30 SC199570 2023-11-30 SC199570 2022-12-01 2023-11-30 SC199570 frs-core:CurrentFinancialInstruments 2023-11-30 SC199570 frs-core:Non-currentFinancialInstruments 2023-11-30 SC199570 frs-core:ShareCapital 2023-11-30 SC199570 frs-core:RetainedEarningsAccumulatedLosses 2023-11-30
Registered number: SC199570
Wardhouse Equestrian Centre Ltd.
Unaudited Financial Statements
For The Year Ended 30 November 2024
14 Newton Place
Glasgow
G3 7PY
Contents
Page
Statement of Financial Position 1—2
Notes to the Financial Statements 3—5
Page 1
Statement of Financial Position
Registered number: SC199570
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 397,169 387,490
397,169 387,490
CURRENT ASSETS
Stocks 5 5,000 4,000
Debtors 6 6,544 12,817
Cash at bank and in hand 7,273 12,298
18,817 29,115
Creditors: Amounts Falling Due Within One Year 7 (157,068 ) (129,423 )
NET CURRENT ASSETS (LIABILITIES) (138,251 ) (100,308 )
TOTAL ASSETS LESS CURRENT LIABILITIES 258,918 287,182
Creditors: Amounts Falling Due After More Than One Year 8 (11,292 ) (48,466 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (10,755 ) (7,384 )
NET ASSETS 236,871 231,332
CAPITAL AND RESERVES
Called up share capital 10 3 3
Income Statement 236,868 231,329
SHAREHOLDERS' FUNDS 236,871 231,332
Page 1
Page 2
For the year ending 30 November 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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 Statement.
On behalf of the board
Iain Couttie
Director
10th October 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
Wardhouse Equestrian Centre Ltd. is a private company, limited by shares, incorporated in Scotland, registered number SC199570 . The registered office is Forehouse Road, Kilbarchan, Johnstone, PA10 2PU.
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 6,000 reduced per year
Plant & Machinery 20% Reducing Balance
Motor Vehicles 20% Reducing Balance
Fixtures & Fittings 20% Reducing Balance
2.4. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
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.
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3. Average Number of Employees
Average number of employees, including directors, during the year was: 8 (2023: 10)
8 10
4. Tangible Assets
Land & Property
Freehold Plant & Machinery Motor Vehicles Fixtures & Fittings Total
£ £ £ £ £
Cost
As at 1 December 2023 462,265 173,316 - 32,053 667,634
Additions - 7,455 22,374 - 29,829
As at 30 November 2024 462,265 180,771 22,374 32,053 697,463
Depreciation
As at 1 December 2023 115,703 139,038 - 25,403 280,144
Provided during the period 6,000 8,346 4,474 1,330 20,150
As at 30 November 2024 121,703 147,384 4,474 26,733 300,294
Net Book Value
As at 30 November 2024 340,562 33,387 17,900 5,320 397,169
As at 1 December 2023 346,562 34,278 - 6,650 387,490
5. Stocks
2024 2023
£ £
Materials 5,000 4,000
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 1,515 12,817
Prepayments and accrued income 5,029 -
6,544 12,817
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 6,145 23,247
Bank loans and overdrafts 2,537 2,537
Corporation tax 4,061 14,501
Other taxes and social security 677 1,388
VAT 22,392 4,486
Other creditors 2,088 1,323
Accruals and deferred income - 4,937
Director's loan account 119,168 77,004
157,068 129,423
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8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 11,292 48,466
9. Secured Creditors
The bank borrowings are secured.
10. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 3 3
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