Acorah Software Products - Accounts Production 16.6.950 false true 31 March 2024 1 April 2023 false 1 April 2024 31 March 2025 31 March 2025 SC590304 Mr Derek Presly iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure SC590304 2024-03-31 SC590304 2025-03-31 SC590304 2024-04-01 2025-03-31 SC590304 frs-core:CurrentFinancialInstruments 2025-03-31 SC590304 frs-core:Non-currentFinancialInstruments 2025-03-31 SC590304 frs-core:FurnitureFittings 2025-03-31 SC590304 frs-core:FurnitureFittings 2024-04-01 2025-03-31 SC590304 frs-core:FurnitureFittings 2024-03-31 SC590304 frs-core:MotorVehicles 2025-03-31 SC590304 frs-core:MotorVehicles 2024-04-01 2025-03-31 SC590304 frs-core:MotorVehicles 2024-03-31 SC590304 frs-core:ShareCapital 2025-03-31 SC590304 frs-core:RetainedEarningsAccumulatedLosses 2025-03-31 SC590304 frs-bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 SC590304 frs-bus:FilletedAccounts 2024-04-01 2025-03-31 SC590304 frs-bus:SmallEntities 2024-04-01 2025-03-31 SC590304 frs-bus:AuditExempt-NoAccountantsReport 2024-04-01 2025-03-31 SC590304 frs-bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 SC590304 frs-bus:Director1 2024-04-01 2025-03-31 SC590304 frs-countries:Scotland 2024-04-01 2025-03-31 SC590304 2023-03-31 SC590304 2024-03-31 SC590304 2023-04-01 2024-03-31 SC590304 frs-core:CurrentFinancialInstruments 2024-03-31 SC590304 frs-core:Non-currentFinancialInstruments 2024-03-31 SC590304 frs-core:ShareCapital 2024-03-31 SC590304 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31
Registered number: SC590304
Midas Scottish Gold Ltd
Financial Statements
For The Year Ended 31 March 2025
ABT & P Consultancy Services
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: SC590304
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 4,266 4,266
4,266 4,266
CURRENT ASSETS
Stocks 5 32,060 32,060
Cash at bank and in hand 147 147
32,207 32,207
Creditors: Amounts Falling Due Within One Year 6 (18,698 ) (6,794 )
NET CURRENT ASSETS (LIABILITIES) 13,509 25,413
TOTAL ASSETS LESS CURRENT LIABILITIES 17,775 29,679
Creditors: Amounts Falling Due After More Than One Year 7 - (11,904 )
NET ASSETS 17,775 17,775
CAPITAL AND RESERVES
Called up share capital 8 100 100
Profit and Loss Account 17,675 17,675
SHAREHOLDERS' FUNDS 17,775 17,775
Page 1
Page 2
For the year ending 31 March 2025 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 Profit and Loss Account.
On behalf of the board
Mr Derek Presly
Director
30/12/2025
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Midas Scottish Gold Ltd is a private company, limited by shares, incorporated in Scotland, registered number SC590304 . The registered office is 56a Culcabock Avenue, Inverness, IV2 3RQ.
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. 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:
Motor Vehicles 25% Reducing balance
Fixtures & Fittings 25% Reducing balance
2.3. 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2024: 1)
1 1
4. Tangible Assets
Motor Vehicles Fixtures & Fittings Total
£ £ £
Cost
As at 1 April 2024 8,388 3,404 11,792
As at 31 March 2025 8,388 3,404 11,792
Depreciation
As at 1 April 2024 5,734 1,792 7,526
As at 31 March 2025 5,734 1,792 7,526
Net Book Value
As at 31 March 2025 2,654 1,612 4,266
As at 1 April 2024 2,654 1,612 4,266
5. Stocks
2025 2024
£ £
Finished goods 32,060 32,060
Page 3
Page 4
6. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 1 1
Corporation tax - 2,606
Accruals and deferred income - 3,092
Director's loan account 18,697 1,095
18,698 6,794
7. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Bank loans - 11,904
8. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 100 100
Page 4