Acorah Software Products - Accounts Production 16.7.461 false true 30 April 2024 1 May 2023 false 1 May 2024 30 April 2025 30 April 2025 SC285165 George Cairns Alan Ewing Carol Cairns Ceri Ewing Corrie Trading (Fort William) Ltd true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure SC285165 2024-04-30 SC285165 2025-04-30 SC285165 2024-05-01 2025-04-30 SC285165 frs-core:CurrentFinancialInstruments 2025-04-30 SC285165 frs-core:Non-currentFinancialInstruments 2025-04-30 SC285165 frs-core:BetweenOneFiveYears 2025-04-30 SC285165 frs-core:FurnitureFittings 2025-04-30 SC285165 frs-core:FurnitureFittings 2024-05-01 2025-04-30 SC285165 frs-core:FurnitureFittings 2024-04-30 SC285165 frs-core:NetGoodwill 2025-04-30 SC285165 frs-core:NetGoodwill 2024-05-01 2025-04-30 SC285165 frs-core:NetGoodwill 2024-04-30 SC285165 frs-core:PlantMachinery 2025-04-30 SC285165 frs-core:PlantMachinery 2024-05-01 2025-04-30 SC285165 frs-core:PlantMachinery 2024-04-30 SC285165 frs-core:WithinOneYear 2025-04-30 SC285165 frs-core:ShareCapital 2025-04-30 SC285165 frs-core:RetainedEarningsAccumulatedLosses 2025-04-30 SC285165 frs-bus:PrivateLimitedCompanyLtd 2024-05-01 2025-04-30 SC285165 frs-bus:FilletedAccounts 2024-05-01 2025-04-30 SC285165 frs-bus:SmallEntities 2024-05-01 2025-04-30 SC285165 frs-bus:AuditExempt-NoAccountantsReport 2024-05-01 2025-04-30 SC285165 frs-bus:SmallCompaniesRegimeForAccounts 2024-05-01 2025-04-30 SC285165 1 2024-05-01 2025-04-30 SC285165 frs-bus:Director1 2024-05-01 2025-04-30 SC285165 frs-bus:Director2 2024-05-01 2025-04-30 SC285165 frs-bus:Director3 2024-05-01 2025-04-30 SC285165 frs-bus:Director4 2024-05-01 2025-04-30 SC285165 frs-countries:Scotland 2024-05-01 2025-04-30 SC285165 2023-04-30 SC285165 2024-04-30 SC285165 2023-05-01 2024-04-30 SC285165 frs-core:CurrentFinancialInstruments 2024-04-30 SC285165 frs-core:Non-currentFinancialInstruments 2024-04-30 SC285165 frs-core:BetweenOneFiveYears 2024-04-30 SC285165 frs-core:PlantMachinery 2023-05-01 2024-04-30 SC285165 frs-core:WithinOneYear 2024-04-30 SC285165 frs-core:ShareCapital 2024-04-30 SC285165 frs-core:RetainedEarningsAccumulatedLosses 2024-04-30
Registered number: SC285165
Hire Centre (Fort William) Limited
Unaudited Financial Statements
For The Year Ended 30 April 2025
14 Newton Place
Glasgow
G3 7PY
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: SC285165
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 5 256,162 297,998
256,162 297,998
CURRENT ASSETS
Stocks 6 951 1,017
Debtors 7 675,501 638,882
Cash at bank and in hand 130 223
676,582 640,122
Creditors: Amounts Falling Due Within One Year 8 (99,186 ) (119,469 )
NET CURRENT ASSETS (LIABILITIES) 577,396 520,653
TOTAL ASSETS LESS CURRENT LIABILITIES 833,558 818,651
Creditors: Amounts Falling Due After More Than One Year 9 (38,604 ) (35,264 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (64,041 ) (56,620 )
NET ASSETS 730,913 726,767
CAPITAL AND RESERVES
Called up share capital 11 61,175 61,175
Profit and Loss Account 669,738 665,592
SHAREHOLDERS' FUNDS 730,913 726,767
Page 1
Page 2
For the year ending 30 April 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
George Cairns
Director
Alan Ewing
Director
30th June 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
Hire Centre (Fort William) Limited is a private company, limited by shares, incorporated in Scotland, registered number SC285165 . The registered office is Unit 32, Ben Nevis Industrial Estate, Fort William, Highland, PH33 6PR.
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 rentals of plant hired to customers.
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 profit and loss account over its estimated economic life of .... years.
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 20% Reducing Balance
Fixtures & Fittings 20% Reducing Balance
2.5. 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.
2.6. 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.
2.7. 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.
...CONTINUED
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2.7. Taxation - continued
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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 3 (2024: 4)
3 4
4. Intangible Assets
Goodwill
£
Cost
As at 1 May 2024 -
Additions 74,000
As at 30 April 2025 74,000
Amortisation
As at 1 May 2024 -
Impairment losses 74,000
As at 30 April 2025 74,000
Net Book Value
As at 30 April 2025 -
As at 1 May 2024 -
5. Tangible Assets
Plant & Machinery Fixtures & Fittings Total
£ £ £
Cost
As at 1 May 2024 640,823 1,303 642,126
Additions 106,325 - 106,325
Disposals (141,058 ) - (141,058 )
As at 30 April 2025 606,090 1,303 607,393
Depreciation
As at 1 May 2024 342,876 1,252 344,128
Provided during the period 22,643 10 22,653
Disposals (15,550 ) - (15,550 )
As at 30 April 2025 349,969 1,262 351,231
Net Book Value
As at 30 April 2025 256,121 41 256,162
As at 1 May 2024 297,947 51 297,998
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Page 5
Included above are assets held under finance leases or hire purchase contracts with a net book value as follows:
2025 2024
£ £
Plant & Machinery 121,222 -
6. Stocks
2025 2024
£ £
Stock 951 1,017
7. Debtors
2025 2024
£ £
Due within one year
Trade debtors 62,722 72,845
Prepayments and accrued income 49,887 -
Amounts Due by Group Undertakings 562,892 562,892
Corporation tax recoverable assets - 3,145
675,501 638,882
8. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Net obligations under finance lease and hire purchase contracts 42,487 28,800
Trade creditors 27,523 33,577
Bank loans and overdrafts 2,122 22,668
Corporation tax 3,276 3,145
Other taxes and social security 2,910 2,574
VAT 16,807 23,541
Accruals and deferred income 4,061 5,164
99,186 119,469
9. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Net obligations under finance lease and hire purchase contracts 38,604 35,264
10. Obligations Under Finance Leases and Hire Purchase
2025 2024
£ £
The future minimum finance lease payments are as follows:
Not later than one year 42,487 28,800
Later than one year and not later than five years 38,604 35,264
81,091 64,064
81,091 64,064
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11. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 61,175 61,175
12. Related Party Transactions
During the year to 30.4.25  the company invoiced £234,518 (2024:£124,127) on an arms length commercial basis for hire of plant to Corrie Construction Ltd which is also a wholly owned subsidiary of Corrie Trading (Fort William) Ltd
13. Ultimate Controlling Party
The company's ultimate controlling party is Corrie Trading (Fort William) Ltd by virtue of his ownership of 100% of the issued share capital in the company.The sums due from the parent undertaking is represented by Other Debtors.
Page 6