Acorah Software Products - Accounts Production 16.8.310 false true 30 April 2024 1 May 2023 false 1 May 2024 30 April 2025 30 April 2025 SC378770 Mr S T Gray Mrs D Gray Mr T S Gray Mrs E Walls iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure SC378770 2024-04-30 SC378770 2025-04-30 SC378770 2024-05-01 2025-04-30 SC378770 frs-core:Non-currentFinancialInstruments 2025-04-30 SC378770 frs-core:BetweenOneFiveYears 2025-04-30 SC378770 frs-core:ComputerEquipment 2024-05-01 2025-04-30 SC378770 frs-core:FurnitureFittings 2024-05-01 2025-04-30 SC378770 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-05-01 2025-04-30 SC378770 frs-core:PlantMachinery 2024-05-01 2025-04-30 SC378770 frs-core:WithinOneYear 2025-04-30 SC378770 frs-core:ShareCapital 2025-04-30 SC378770 frs-core:RetainedEarningsAccumulatedLosses 2025-04-30 SC378770 frs-bus:PrivateLimitedCompanyLtd 2024-05-01 2025-04-30 SC378770 frs-bus:AbridgedAccounts 2024-05-01 2025-04-30 SC378770 frs-bus:SmallEntities 2024-05-01 2025-04-30 SC378770 frs-bus:AuditExempt-NoAccountantsReport 2024-05-01 2025-04-30 SC378770 frs-bus:SmallCompaniesRegimeForAccounts 2024-05-01 2025-04-30 SC378770 frs-bus:Director1 2024-05-01 2025-04-30 SC378770 frs-bus:Director1 2024-04-30 SC378770 frs-bus:Director1 2025-04-30 SC378770 frs-bus:Director2 2024-05-01 2025-04-30 SC378770 frs-bus:Director2 2024-04-30 SC378770 frs-bus:Director2 2025-04-30 SC378770 frs-bus:Director3 2024-05-01 2025-04-30 SC378770 frs-bus:Director4 2024-05-01 2025-04-30 SC378770 frs-countries:Scotland 2024-05-01 2025-04-30 SC378770 2023-04-30 SC378770 2024-04-30 SC378770 2023-05-01 2024-04-30 SC378770 frs-core:Non-currentFinancialInstruments 2024-04-30 SC378770 frs-core:BetweenOneFiveYears 2024-04-30 SC378770 frs-core:WithinOneYear 2024-04-30 SC378770 frs-core:ShareCapital 2024-04-30 SC378770 frs-core:RetainedEarningsAccumulatedLosses 2024-04-30
Registered number: SC378770
Heat Orkney Limited
ABRIDGED Financial Statements
For The Year Ended 30 April 2025
Orcadia
Chartered Accountants
1-3 East Road
Kirkwall
Orkney
KW15 1HZ
Heat Orkney Limited
Contents
Contents

| Page
--- | ---
Abridged Balance Sheet | 1—2
Notes to the Abridged Financial Statements | 3—6

Page 1
Heat Orkney Limited
Abridged Balance Sheet
As At 30 April 2025
Abridged Balance Sheet
Registered number: SC378770

| 2025 | 2024
--- | --- | ---
| Notes | £ | £ | £ | £
FIXED ASSETS
Tangible Assets | 4 |  | 756,730 |  | 698,451
|  |  | 756,730 |  | 698,451
CURRENT ASSETS
Stocks |  | 210,551 |  | 151,643 |
Debtors | 5 | 335,349 |  | 172,166 |
Cash at bank and in hand |  | 88,696 |  | 123,819 |
|  | 634,596 |  | 447,628 |
Creditors: Amounts Falling Due Within One Year |  | (321,141 ) |  | (190,537 ) |
NET CURRENT ASSETS (LIABILITIES) |  |  | 313,455 |  | 257,091
TOTAL ASSETS LESS CURRENT LIABILITIES |  |  | 1,070,185 |  | 955,542
Creditors: Amounts Falling Due After More Than One Year |  |  | (27,524 ) |  | (11,031 )
PROVISIONS FOR LIABILITIES
Deferred Taxation |  |  | (31,180 ) |  | (17,340 )
NET ASSETS |  |  | 1,011,481 |  | 927,171
CAPITAL AND RESERVES
Called up share capital | 7 |  | 120 |  | 120
Profit and Loss Account |  |  | 1,011,361 |  | 927,051
SHAREHOLDERS' FUNDS |  |  | 1,011,481 |  | 927,171

Page 1
Page 2
Heat Orkney Limited
Abridged Balance Sheet (continued)
As At 30 April 2025
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.
All of the company's members have consented to the preparation of an Abridged Balance Sheet for the year end 30 April 2025 in accordance with section 444(2A) of the Companies Act 2006.
On behalf of the board

Mr S T Gray Director | Mrs D Gray Director
17 January 2026

The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
Heat Orkney Limited
Notes to the Abridged Financial Statements
For The Year Ended 30 April 2025
Notes to the Abridged Financial Statements
1. General Information
Heat Orkney Limited is a private company, limited by shares, incorporated in Scotland, registered number SC378770 . The registered office is Laurel Bank, Cromwell Road, Kirkwall, Orkney, KW15 1LH.
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 | Not depreciated
Plant & Machinery | 25% on reducing balance
Fixtures & Fittings | 25% on reducing balance
Computer Equipment | 25% on straight line

Freehold property is not depreciated, as properties are maintained to ensure that their value does not diminsh over time.
2.4. 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.
Page 3
Page 4
Heat Orkney Limited
Notes to the Abridged Financial Statements (continued)
For The Year Ended 30 April 2025
2.5. 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.
2.6. 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
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.
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
Page 4
Page 5
Heat Orkney Limited
Notes to the Abridged Financial Statements (continued)
For The Year Ended 30 April 2025
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.
2.8. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 10 (2024: 10)
10 10
4. Tangible Assets

| Total
--- | ---
| £
Cost
As at 1 May 2024 | 754,052
Additions | 85,442
As at 30 April 2025 | 839,494
Depreciation
As at 1 May 2024 | 55,601
Provided during the period | 27,163
As at 30 April 2025 | 82,764
Net Book Value
As at 30 April 2025 | 756,730
As at 1 May 2024 | 698,451

5. Debtors

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Due after more than one year
Other debtors | 26,444 |  | -

Page 5
Page 6
Heat Orkney Limited
Notes to the Abridged Financial Statements (continued)
For The Year Ended 30 April 2025
6. Obligations Under Finance Leases and Hire Purchase

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
The future minimum finance lease payments are as follows:
Not later than one year | 13,881 |  | 7,786
Later than one year and not later than five years | 27,524 |  | 11,031
| 41,405 |  | 18,817
| 41,405 |  | 18,817

7. Share Capital

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Allotted, Called up and fully paid | 120 |  | 120

8. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:

| As at 1 May 2024 | Amounts advanced | Amounts repaid | Amounts written off | As at 30 April 2025
--- | --- | --- | --- | --- | ---
| £ | £ | £ | £ | £
Mr Stewart Gray | - | 64,176 | - | - | 64,176
Mrs Diane Gray | - | 64,176 | - | - | 64,176

The above loan is unsecured, interest free and repayable on demand.
Page 6