Acorah Software Products - Accounts Production 18.1.170 false true 30 September 2024 1 October 2023 false 1 October 2024 30 September 2025 30 September 2025 SC138531 Ms Angela Walls Mr Robert Smith true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure SC138531 2024-09-30 SC138531 2025-09-30 SC138531 2024-10-01 2025-09-30 SC138531 frs-core:CurrentFinancialInstruments 2025-09-30 SC138531 frs-core:ComputerEquipment 2025-09-30 SC138531 frs-core:ComputerEquipment 2024-10-01 2025-09-30 SC138531 frs-core:ComputerEquipment 2024-09-30 SC138531 frs-core:FurnitureFittings 2025-09-30 SC138531 frs-core:FurnitureFittings 2024-10-01 2025-09-30 SC138531 frs-core:FurnitureFittings 2024-09-30 SC138531 frs-core:NetGoodwill 2025-09-30 SC138531 frs-core:NetGoodwill 2024-10-01 2025-09-30 SC138531 frs-core:NetGoodwill 2024-09-30 SC138531 frs-core:MotorVehicles 2025-09-30 SC138531 frs-core:MotorVehicles 2024-10-01 2025-09-30 SC138531 frs-core:MotorVehicles 2024-09-30 SC138531 frs-core:PlantMachinery 2025-09-30 SC138531 frs-core:PlantMachinery 2024-10-01 2025-09-30 SC138531 frs-core:PlantMachinery 2024-09-30 SC138531 frs-core:ShareCapital 2025-09-30 SC138531 frs-core:RetainedEarningsAccumulatedLosses 2025-09-30 SC138531 frs-bus:PrivateLimitedCompanyLtd 2024-10-01 2025-09-30 SC138531 frs-bus:FilletedAccounts 2024-10-01 2025-09-30 SC138531 frs-bus:SmallEntities 2024-10-01 2025-09-30 SC138531 frs-bus:AuditExempt-NoAccountantsReport 2024-10-01 2025-09-30 SC138531 frs-bus:SmallCompaniesRegimeForAccounts 2024-10-01 2025-09-30 SC138531 1 2024-10-01 2025-09-30 SC138531 frs-bus:Director1 2024-10-01 2025-09-30 SC138531 frs-bus:Director1 2024-09-30 SC138531 frs-bus:Director1 2025-09-30 SC138531 frs-bus:Director2 2024-10-01 2025-09-30 SC138531 frs-bus:Director2 2024-09-30 SC138531 frs-bus:Director2 2025-09-30 SC138531 1 2024-10-01 2025-09-30 SC138531 frs-countries:Scotland 2024-10-01 2025-09-30 SC138531 2023-09-30 SC138531 2024-09-30 SC138531 2023-10-01 2024-09-30 SC138531 frs-core:CurrentFinancialInstruments 2024-09-30 SC138531 frs-core:ShareCapital 2024-09-30 SC138531 frs-core:RetainedEarningsAccumulatedLosses 2024-09-30 SC138531 1 2023-10-01 2024-09-30
Registered number: SC138531
Orkney Shellfish Limited
Financial Statements
For The Year Ended 30 September 2025
Gillespie's
33 Leslie Street
Blairgowrie
Perthshire
PH10 6AW
Orkney Shellfish Limited
Contents
Contents

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

Page 1
Orkney Shellfish Limited
Balance Sheet
As At 30 September 2025
Balance Sheet
Registered number: SC138531

| 2025 | 2024
--- | --- | ---
| Notes | £ | £ | £ | £
FIXED ASSETS
Intangible Assets | 4 |  | 36,000 |  | 48,000
Tangible Assets | 5 |  | 96,417 |  | 85,425
|  |  | 132,417 |  | 133,425
CURRENT ASSETS
Debtors | 6 | 165,082 |  | 118,651 |
|  | 165,082 |  | 118,651 |
Creditors: Amounts Falling Due Within One Year | 7 | (99,223 ) |  | (76,945 ) |
NET CURRENT ASSETS (LIABILITIES) |  |  | 65,859 |  | 41,706
TOTAL ASSETS LESS CURRENT LIABILITIES |  |  | 198,276 |  | 175,131
PROVISIONS FOR LIABILITIES
Deferred Taxation |  |  | (23,596 ) |  | (19,874 )
NET ASSETS |  |  | 174,680 |  | 155,257
CAPITAL AND RESERVES
Called up share capital | 8 |  | 4 |  | 4
Profit and Loss Account |  |  | 174,676 |  | 155,253
SHAREHOLDERS' FUNDS |  |  | 174,680 |  | 155,257

Page 1
Page 2
Orkney Shellfish Limited
Balance Sheet (continued)
As At 30 September 2025
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

Ms Angela Walls Director | Mr Robert Smith Director
7th April 2026

The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
Orkney Shellfish Limited
Notes to the Financial Statements
For The Year Ended 30 September 2025
Notes to the Financial Statements
1. General Information
Orkney Shellfish Limited is a private company, limited by shares, incorporated in Scotland, registered number SC138531 . The registered office is Shoreside, Grimness, South Ronaldsay, Orkney, KW17 2TQ.
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. 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 profit and loss account over its estimated economic life of 10 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 | 10% reducing balance
Motor Vehicles | 25% reducing balance
Fixtures & Fittings | 25% reducing balance
Equipment | 25% reducing balance

2.5. Taxation
Corporation 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 3
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Orkney Shellfish Limited
Notes to the Financial Statements (continued)
For The Year Ended 30 September 2025
2.5. 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 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 3.

| 2025 |  | 2024
--- | --- | --- | ---
Office and administration | 1 |  | 1
Directors | 2 |  | 2
| 3 |  | 3

4. Intangible Assets

| Goodwill
--- | ---
| £
Cost
As at 1 October 2024 | 120,000
As at 30 September 2025 | 120,000
Amortisation
As at 1 October 2024 | 72,000
Provided during the period | 12,000
As at 30 September 2025 | 84,000
Net Book Value
As at 30 September 2025 | 36,000
As at 1 October 2024 | 48,000

5. Tangible Assets

| Plant & Machinery | Motor Vehicles | Fixtures & Fittings | Equipment | Total
--- | --- | --- | --- | --- | ---
| £ | £ | £ | £ | £
Cost
As at 1 October 2024 | 107,876 | 33,486 | 7,133 | 22,462 | 170,957
Additions | - | 19,995 | - | 11,274 | 31,269
As at 30 September 2025 | 107,876 | 53,481 | 7,133 | 33,736 | 202,226
Depreciation
As at 1 October 2024 | 48,574 | 16,989 | 4,834 | 15,135 | 85,532
Provided during the period | 5,930 | 9,123 | 574 | 4,650 | 20,277
As at 30 September 2025 | 54,504 | 26,112 | 5,408 | 19,785 | 105,809

...CONTINUED
Page 4
Page 5
Orkney Shellfish Limited
Notes to the Financial Statements (continued)
For The Year Ended 30 September 2025

Net Book Value
As at 30 September 2025 | 53,372 | 27,369 | 1,725 | 13,951 | 96,417
As at 1 October 2024 | 59,302 | 16,497 | 2,299 | 7,327 | 85,425

6. Debtors

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Due within one year
Trade debtors | 44,764 |  | 59,582
Other debtors | 110,199 |  | 54,699
VAT | 9,512 |  | 4,370
Directors' loan accounts | 607 |  | -
| 165,082 |  | 118,651

7. Creditors: Amounts Falling Due Within One Year

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Trade creditors | 8,490 |  | 14,309
Bank loans and overdrafts | 54,984 |  | 19,145
Corporation tax | 32,187 |  | 36,857
Other taxes and social security | 174 |  | 74
Accruals and deferred income | 3,388 |  | 3,036
Directors' loan accounts | - |  | 3,524
| 99,223 |  | 76,945

8. Share Capital

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Allotted, Called up and fully paid | 4 |  | 4

9. Directors Advances, Credits and Guarantees
Included within Creditors are the following loans from directors:

| As at 1 October 2024 | Amounts advanced | Amounts repaid | Amounts written off | As at 30 September 2025
--- | --- | --- | --- | --- | ---
| £ | £ | £ | £ | £
Ms Angela Walls | 2,884 | 40,000 | (43,187 ) | - | (303 )
Mr Robert Smith | 640 | 40,000 | (40,944 ) | - | (304 )

The above loans are unsecured, interest free and repayable on demand.
Page 5
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Orkney Shellfish Limited
Notes to the Financial Statements (continued)
For The Year Ended 30 September 2025
10. Related Party Transactions
Orkney VisitsOther debtorsIncluded within Other Debtors is a balance from Orkney Visits of £47,199 (2025 - £47,199). This is a partnership involving Robert Smith and Angela Walls. There are no fixed repayment terms and this loan is interest free.

Orkney Visits

Other debtors

Included within Other Debtors is a balance from Orkney Visits of £47,199 (2025 - £47,199). This is a partnership involving Robert Smith and Angela Walls. There are no fixed repayment terms and this loan is interest free.

B Doull & Son LtdOther debtorsIncluded within Other Debtors is a balance from B Doull & Son Ltd of £63,000 (2025 - £7,500). This is a Limited Company in which Robert Smith and Angela Walls are directors and shareholders. There are no fixed repayment terms and this loan is interest free.

B Doull & Son Ltd

Other debtors

Included within Other Debtors is a balance from B Doull & Son Ltd of £63,000 (2025 - £7,500). This is a Limited Company in which Robert Smith and Angela Walls are directors and shareholders. There are no fixed repayment terms and this loan is interest free.

11. Ultimate Controlling Party
The company's ultimate controlling parties are Mr Robert Smith and Ms Angela Walls by virtue of their ownership of 100% of the issued share capital in the company.
Page 6