Acorah Software Products - Accounts Production 19.2.350 false true 31 August 2024 1 September 2023 false 1 September 2024 31 August 2025 31 August 2025 SC196657 Mr J M Buchanan Mr C A Ferguson Mrs Y V Fergusson iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure SC196657 2024-08-31 SC196657 2025-08-31 SC196657 2024-09-01 2025-08-31 SC196657 frs-core:CurrentFinancialInstruments 2025-08-31 SC196657 frs-core:Non-currentFinancialInstruments 2025-08-31 SC196657 frs-core:BetweenOneFiveYears 2025-08-31 SC196657 frs-core:ComputerEquipment 2025-08-31 SC196657 frs-core:ComputerEquipment 2024-09-01 2025-08-31 SC196657 frs-core:ComputerEquipment 2024-08-31 SC196657 frs-core:FurnitureFittings 2025-08-31 SC196657 frs-core:FurnitureFittings 2024-09-01 2025-08-31 SC196657 frs-core:FurnitureFittings 2024-08-31 SC196657 frs-core:NetGoodwill 2025-08-31 SC196657 frs-core:NetGoodwill 2024-09-01 2025-08-31 SC196657 frs-core:NetGoodwill 2024-08-31 SC196657 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2025-08-31 SC196657 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-09-01 2025-08-31 SC196657 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-08-31 SC196657 frs-core:MotorVehicles 2025-08-31 SC196657 frs-core:MotorVehicles 2024-09-01 2025-08-31 SC196657 frs-core:MotorVehicles 2024-08-31 SC196657 frs-core:PlantMachinery 2025-08-31 SC196657 frs-core:PlantMachinery 2024-09-01 2025-08-31 SC196657 frs-core:PlantMachinery 2024-08-31 SC196657 frs-core:WithinOneYear 2025-08-31 SC196657 frs-core:ShareCapital 2025-08-31 SC196657 frs-core:RetainedEarningsAccumulatedLosses 2025-08-31 SC196657 frs-bus:PrivateLimitedCompanyLtd 2024-09-01 2025-08-31 SC196657 frs-bus:FilletedAccounts 2024-09-01 2025-08-31 SC196657 frs-bus:SmallEntities 2024-09-01 2025-08-31 SC196657 frs-bus:AuditExempt-NoAccountantsReport 2024-09-01 2025-08-31 SC196657 frs-bus:SmallCompaniesRegimeForAccounts 2024-09-01 2025-08-31 SC196657 frs-bus:Director1 2024-09-01 2025-08-31 SC196657 frs-bus:Director2 2024-09-01 2025-08-31 SC196657 frs-bus:CompanySecretary1 2024-09-01 2025-08-31 SC196657 frs-countries:Scotland 2024-09-01 2025-08-31 SC196657 2023-08-31 SC196657 2024-08-31 SC196657 2023-09-01 2024-08-31 SC196657 frs-core:CurrentFinancialInstruments 2024-08-31 SC196657 frs-core:Non-currentFinancialInstruments 2024-08-31 SC196657 frs-core:BetweenOneFiveYears 2024-08-31 SC196657 frs-core:MotorVehicles 2023-09-01 2024-08-31 SC196657 frs-core:WithinOneYear 2024-08-31 SC196657 frs-core:ShareCapital 2024-08-31 SC196657 frs-core:RetainedEarningsAccumulatedLosses 2024-08-31
Registered number: SC196657
Precision Rifle Services Limited
Unaudited Financial Statements
For The Year Ended 31 August 2025
J A Comins & Company
Precision Rifle Services Limited
Unaudited Financial Statements
For The Year Ended 31 August 2025
Unaudited Financial Statements

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

Page 1
Precision Rifle Services Limited
Balance Sheet
As At 31 August 2025
Balance Sheet
Registered number: SC196657

| 2025 | 2024
--- | --- | ---
| Notes | £ | £ | £ | £
FIXED ASSETS
Tangible Assets | 5 |  | 101,900 |  | 91,620
|  |  | 101,900 |  | 91,620
CURRENT ASSETS
Stocks | 6 | 386,558 |  | 347,124 |
Debtors | 7 | 127,037 |  | 102,988 |
Cash at bank and in hand |  | 2,807 |  | 9,902 |
|  | 516,402 |  | 460,014 |
Creditors: Amounts Falling Due Within One Year | 8 | (140,336 ) |  | (118,856 ) |
NET CURRENT ASSETS (LIABILITIES) |  |  | 376,066 |  | 341,158
TOTAL ASSETS LESS CURRENT LIABILITIES |  |  | 477,966 |  | 432,778
Creditors: Amounts Falling Due After More Than One Year | 9 |  | (18,049 ) |  | (8,133 )
NET ASSETS |  |  | 459,917 |  | 424,645
CAPITAL AND RESERVES
Called up share capital | 11 |  | 160,608 |  | 160,608
Profit and Loss Account |  |  | 299,309 |  | 264,037
SHAREHOLDERS' FUNDS |  |  | 459,917 |  | 424,645

Page 1
Page 2
Precision Rifle Services Limited
Balance Sheet (continued)
As At 31 August 2025
For the year ending 31 August 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

Mr C A Ferguson Director
27th April 2026

The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
Precision Rifle Services Limited
Notes to the Financial Statements
For The Year Ended 31 August 2025
Notes to the Financial Statements
1. General Information
Precision Rifle Services Limited is a private company, limited by shares, incorporated in Scotland, registered number SC196657 . The registered office is Logie Cottaage, Ballindalloch, Banffshire, AB37 9BA.
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.
2.3. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business in 1999 and the fair value of the separable net assets. It has been amortised to the profit and loss account over its estimated economic life of 20 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 | 15% RB
Motor Vehicles | 25% RB
Fixtures & Fittings | 20% RB
Computer Equipment | 20% SL

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.
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.
Page 3
Page 4
Precision Rifle Services Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 August 2025
3. Average Number of Employees
Average number of employees, including directors, during the year was: 4 (2024: )
4 -
4. Intangible Assets

| Goodwill
--- | ---
| £
Cost
As at 1 September 2024 | 75,058
As at 31 August 2025 | 75,058
Amortisation
As at 1 September 2024 | 75,058
As at 31 August 2025 | 75,058
Net Book Value
As at 31 August 2025 | -
As at 1 September 2024 | -

5. Tangible Assets

| Land & Property
--- | ---
| Freehold | Plant & Machinery | Motor Vehicles | Fixtures & Fittings
| £ | £ | £ | £
Cost
As at 1 September 2024 | 6,644 | 212,341 | - | -
Additions | - | - | 49,875 | 9,788
Disposals | - | (16,337 ) | - | -
Transfers | - | (127,088 ) | - | 91,718
As at 31 August 2025 | 6,644 | 68,916 | 49,875 | 101,506
Depreciation
As at 1 September 2024 | 6,644 | 120,721 | - | -
Provided during the period | - | 22,503 | 12,468 | 7,512
Disposals | - | (11,886 ) | - | -
Transfers | - | (85,896 ) | - | 63,936
As at 31 August 2025 | 6,644 | 45,442 | 12,468 | 71,448
Net Book Value
As at 31 August 2025 | - | 23,474 | 37,407 | 30,058
As at 1 September 2024 | - | 91,620 | - | -

| Computer Equipment | Total
--- | --- | ---
| £ | £
Cost
As at 1 September 2024 | - | 218,985
Additions | 291 | 59,954

...CONTINUED
Page 4
Page 5
Precision Rifle Services Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 August 2025

Disposals | - | (16,337 )
Transfers | 35,370 | -
As at 31 August 2025 | 35,661 | 262,602
Depreciation
As at 1 September 2024 | - | 127,365
Provided during the period | 2,740 | 45,223
Disposals | - | (11,886 )
Transfers | 21,960 | -
As at 31 August 2025 | 24,700 | 160,702
Net Book Value
As at 31 August 2025 | 10,961 | 101,900
As at 1 September 2024 | - | 91,620

Included above are assets held under finance leases or hire purchase contracts with a net book value as follows:

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Motor Vehicles | 37,407 |  | -
| 37,407 |  | -

6. Stocks

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Stock | 385,358 |  | 347,124
Work in progress | 1,200 |  | -
| 386,558 |  | 347,124

7. Debtors

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Due within one year
Trade debtors | 127,037 |  | 82,540
Other debtors | - |  | 39,730
Corporation tax recoverable assets | - |  | (2,306 )
| 127,037 |  | 119,964
Due after more than one year
Deferred tax current asset | - |  | (16,976 )
| - |  | (16,976 )
| 127,037 |  | 102,988

Page 5
Page 6
Precision Rifle Services Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 August 2025
8. Creditors: Amounts Falling Due Within One Year

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Net obligations under finance lease and hire purchase contracts | 8,719 |  | -
Trade creditors | 62,980 |  | 24,921
Bank loans and overdrafts | 7,863 |  | 10,000
Other loans | 17,217 |  | -
Corporation tax | 4,427 |  | -
Other taxes and social security | 1,781 |  | 10,809
VAT | 6,100 |  | -
Sundry creditors | - |  | 17,798
Accruals and deferred income | 465 |  | -
Directors' loan accounts | 29,000 |  | 55,328
Credit card liabilities | 1,784 |  | -
| 140,336 |  | 118,856

Included in Other creditors is a loan from the Director. The loan is granted free of interest and is repayable when the company has the funds to do so.
9. Creditors: Amounts Falling Due After More Than One Year

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Net obligations under finance lease and hire purchase contracts | 18,049 |  | -
Bank loans | - |  | 8,133
| 18,049 |  | 8,133

10. Obligations Under Finance Leases and Hire Purchase

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
The future minimum finance lease payments are as follows:
Not later than one year | 8,719 |  | -
Later than one year and not later than five years | 18,049 |  | -
| 26,768 |  | -
| 26,768 |  | -

11. Share Capital

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Allotted, Called up and fully paid | 160,608 |  | 160,608

12. Related Party Transactions
Mr Ferguson has an entitlement to claim 4% of turnover from inception as additional wages. The cumulative total which could be claimed at 31 August 2025 is £454,728 however the company does not have the funds available to meet any such claim. The purpose of this note is simply to record the existence of the arrangement.
Page 6