Acorah Software Products - Accounts Production 18.1.200 false true 31 July 2024 1 August 2023 false 1 August 2024 31 July 2025 31 July 2025 SC287450 Mrs Lynne Kivistik Mr Edward Kivistik Lynne Kivistik and Edward Kivistik true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure SC287450 2024-07-31 SC287450 2025-07-31 SC287450 2024-08-01 2025-07-31 SC287450 frs-core:CurrentFinancialInstruments 2025-07-31 SC287450 frs-core:Non-currentFinancialInstruments 2025-07-31 SC287450 frs-core:BetweenOneFiveYears 2025-07-31 SC287450 frs-core:ComputerEquipment 2025-07-31 SC287450 frs-core:ComputerEquipment 2024-08-01 2025-07-31 SC287450 frs-core:ComputerEquipment 2024-07-31 SC287450 frs-core:FurnitureFittings 2025-07-31 SC287450 frs-core:FurnitureFittings 2024-08-01 2025-07-31 SC287450 frs-core:FurnitureFittings 2024-07-31 SC287450 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2025-07-31 SC287450 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-08-01 2025-07-31 SC287450 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-07-31 SC287450 frs-core:MotorVehicles 2025-07-31 SC287450 frs-core:MotorVehicles 2024-08-01 2025-07-31 SC287450 frs-core:MotorVehicles 2024-07-31 SC287450 frs-core:WithinOneYear 2025-07-31 SC287450 frs-core:RevaluationReserve 2024-07-31 SC287450 frs-core:RevaluationReserve 2025-07-31 SC287450 frs-core:ShareCapital 2025-07-31 SC287450 frs-core:RetainedEarningsAccumulatedLosses 2025-07-31 SC287450 frs-bus:PrivateLimitedCompanyLtd 2024-08-01 2025-07-31 SC287450 frs-bus:FilletedAccounts 2024-08-01 2025-07-31 SC287450 frs-bus:SmallEntities 2024-08-01 2025-07-31 SC287450 frs-bus:AuditExemptWithAccountantsReport 2024-08-01 2025-07-31 SC287450 frs-bus:SmallCompaniesRegimeForAccounts 2024-08-01 2025-07-31 SC287450 1 2024-08-01 2025-07-31 SC287450 frs-bus:Director1 2024-08-01 2025-07-31 SC287450 frs-bus:Director1 2024-07-31 SC287450 frs-bus:Director1 2025-07-31 SC287450 frs-bus:CompanySecretary1 2024-08-01 2025-07-31 SC287450 frs-core:CurrentFinancialInstruments 3 2025-07-31 SC287450 frs-countries:Scotland 2024-08-01 2025-07-31 SC287450 2023-07-31 SC287450 2024-07-31 SC287450 2023-08-01 2024-07-31 SC287450 frs-core:CurrentFinancialInstruments 2024-07-31 SC287450 frs-core:Non-currentFinancialInstruments 2024-07-31 SC287450 frs-core:BetweenOneFiveYears 2024-07-31 SC287450 frs-core:WithinOneYear 2024-07-31 SC287450 frs-core:RevaluationReserve 2024-07-31 SC287450 frs-core:ShareCapital 2024-07-31 SC287450 frs-core:RetainedEarningsAccumulatedLosses 2024-07-31 SC287450 frs-core:CurrentFinancialInstruments 3 2024-07-31
Registered number: SC287450
Lynne Kivistik Limited
Financial Statements
For The Year Ended 31 July 2025
Gillespie's Fife
Lynne Kivistik Limited
Contents
Contents

| Page
--- | ---
Accountants' Report | 1
Balance Sheet | 2—3
Notes to the Financial Statements | 4—7

Page 1
Lynne Kivistik Limited
Accountants' Report
For The Year Ended 31 July 2025
Accountants' Report
Chartered Accountants' report to the director on the preparation of the unaudited statutory accounts of Lynne Kivistik Limited For The Year Ended 31 July 2025
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Lynne Kivistik Limited For The Year Ended 31 July 2025 which comprise the Profit and Loss Account, the Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given to us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at http://www.icaew.com/en/membership/regulations-standards-and-guidance.
This report is made solely to the director of Lynne Kivistik Limited , as a body, in accordance with the terms of our engagement letter dated 08 May 2015. Our work has been undertaken solely to prepare for your approval the accounts of Lynne Kivistik Limited and state those matters that we have agreed to state to the director of Lynne Kivistik Limited , as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Lynne Kivistik Limited and its director, as a body, for our work or for this report.
It is your duty to ensure that Lynne Kivistik Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit or loss of Lynne Kivistik Limited . You consider that Lynne Kivistik Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit of the accounts of Lynne Kivistik Limited . For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the financial statements.

6th November 2025

Gillespie's Fife
Accountants
Fric Ajax Way
Methil
Leven
KY8 3RS
Page 1
Page 2
Lynne Kivistik Limited
Balance Sheet
As At 31 July 2025
Balance Sheet
Registered number: SC287450

| 2025 | 2024
--- | --- | ---
| Notes | £ | £ | £ | £
FIXED ASSETS
Tangible Assets | 4 |  | 453,581 |  | 478,782
|  |  | 453,581 |  | 478,782
CURRENT ASSETS
Debtors | 5 | 45,501 |  | 13,872 |
Cash at bank and in hand |  | 314,345 |  | 366,920 |
|  | 359,846 |  | 380,792 |
Creditors: Amounts Falling Due Within One Year | 6 | (68,258 ) |  | (107,334 ) |
NET CURRENT ASSETS (LIABILITIES) |  |  | 291,588 |  | 273,458
TOTAL ASSETS LESS CURRENT LIABILITIES |  |  | 745,169 |  | 752,240
Creditors: Amounts Falling Due After More Than One Year | 7 |  | (61,153 ) |  | (87,084 )
NET ASSETS |  |  | 684,016 |  | 665,156
CAPITAL AND RESERVES
Called up share capital | 9 |  | 2 |  | 2
Revaluation reserve | 12 |  | 38,973 |  | 38,973
Profit and Loss Account |  |  | 645,041 |  | 626,181
SHAREHOLDERS' FUNDS |  |  | 684,016 |  | 665,156

Page 2
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Lynne Kivistik Limited
Balance Sheet (continued)
As At 31 July 2025
For the year ending 31 July 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 her 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

Mrs Lynne Kivistik Director
6th November 2025

The notes on pages 4 to 7 form part of these financial statements.
Page 3
Page 4
Lynne Kivistik Limited
Notes to the Financial Statements
For The Year Ended 31 July 2025
Notes to the Financial Statements
1. General Information
Lynne Kivistik Limited is a private company, limited by shares, incorporated in Scotland, registered number SC287450 . The registered office is Highfield, Star, Glenrothes, Fife, KY7 6LA.
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.
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 | 2.5% Straight Line
Motor Vehicles | 20% Reducing Balance
Fixtures & Fittings | 25% Straight Line
Computer Equipment | 33.33% Straight Line

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.
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 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.
...CONTINUED
Page 4
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Lynne Kivistik Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 July 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 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was as follows:

| 2025 |  | 2024
--- | --- | --- | ---
Office and administration | 3 |  | 3
Sales, marketing and distribution | 52 |  | 49
| 55 |  | 52

4. Tangible Assets

| Land & Property
--- | ---
| Freehold | Motor Vehicles | Fixtures & Fittings | Computer Equipment | Total
| £ | £ | £ | £ | £
Cost
As at 1 August 2024 | 598,280 | 119,403 | 72,084 | 7,709 | 797,476
Additions | - | - | 2,064 | - | 2,064
As at 31 July 2025 | 598,280 | 119,403 | 74,148 | 7,709 | 799,540
Depreciation
As at 1 August 2024 | 193,096 | 45,895 | 72,084 | 7,619 | 318,694
Provided during the period | 11,957 | 14,702 | 516 | 90 | 27,265
As at 31 July 2025 | 205,053 | 60,597 | 72,600 | 7,709 | 345,959
Net Book Value
As at 31 July 2025 | 393,227 | 58,806 | 1,548 | - | 453,581
As at 1 August 2024 | 405,184 | 73,508 | - | 90 | 478,782

5. Debtors

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Due within one year
Other debtors | 7,678 |  | -
Net wages | 1,390 |  | 1,681
Director's loan account | 36,433 |  | 12,191
| 45,501 |  | 13,872

Page 5
Page 6
Lynne Kivistik Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 July 2025
6. Creditors: Amounts Falling Due Within One Year

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Net obligations under finance lease and hire purchase contracts | 5,190 |  | 5,190
Trade creditors | 94 |  | 4,320
Bank loans and overdrafts | 21,758 |  | 33,381
Corporation tax | 12,874 |  | 34,530
Credit card | 4,483 |  | 8,628
Accruals and deferred income | 23,859 |  | 21,285
| 68,258 |  | 107,334

7. Creditors: Amounts Falling Due After More Than One Year

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Net obligations under finance lease and hire purchase contracts | 35,656 |  | 40,845
Bank loans | 25,497 |  | 46,239
| 61,153 |  | 87,084

8. Obligations Under Finance Leases and Hire Purchase

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
The future minimum finance lease payments are as follows:
Not later than one year | 5,190 |  | 5,190
Later than one year and not later than five years | 35,656 |  | 40,845
| 40,846 |  | 46,035
| 40,846 |  | 46,035

9. Share Capital

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Allotted, Called up and fully paid | 2 |  | 2

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

| As at 1 August 2024 | Amounts advanced | Amounts repaid | Amounts written off | As at 31 July 2025
--- | --- | --- | --- | --- | ---
| £ | £ | £ | £ | £
Mrs Lynne Kivistik | 12,191 | 43,454 | (19,212 ) | - | 36,433

The above loan is unsecured, interest free and repayable on demand.
Page 6
Page 7
Lynne Kivistik Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 July 2025
11. Dividends

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
On equity shares:
Interim dividend paid | - |  | 20,000
Final dividend paid | 12,200 |  | 36,000
| 12,200 |  | 56,000

Dividends of £36,500 were declared on 11 November2025.
12. Reserves

| Revaluation Reserve
--- | ---
| £
As at 1 August 2024 | 38,973
As at 31 July 2025 | 38,973

13. Ultimate Controlling Party
The company's ultimate controlling parties are Lynne Kivistik and Edward Kivistik by virtue of their ownership of 100% of the issued share capital in the company.
Page 7