Acorah Software Products - Accounts Production 19.2.350 false true 31 July 2024 1 August 2023 false 1 August 2024 31 July 2025 31 July 2025 SC449875 Mr James Grandison Mr Peter Grandison iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure SC449875 2024-07-31 SC449875 2025-07-31 SC449875 2024-08-01 2025-07-31 SC449875 frs-core:CurrentFinancialInstruments 2025-07-31 SC449875 frs-core:FurnitureFittings 2025-07-31 SC449875 frs-core:FurnitureFittings 2024-08-01 2025-07-31 SC449875 frs-core:FurnitureFittings 2024-07-31 SC449875 frs-core:NetGoodwill 2025-07-31 SC449875 frs-core:NetGoodwill 2024-08-01 2025-07-31 SC449875 frs-core:NetGoodwill 2024-07-31 SC449875 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2025-07-31 SC449875 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-08-01 2025-07-31 SC449875 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-07-31 SC449875 frs-core:MotorVehicles 2025-07-31 SC449875 frs-core:MotorVehicles 2024-08-01 2025-07-31 SC449875 frs-core:MotorVehicles 2024-07-31 SC449875 frs-core:PlantMachinery 2025-07-31 SC449875 frs-core:PlantMachinery 2024-08-01 2025-07-31 SC449875 frs-core:PlantMachinery 2024-07-31 SC449875 frs-core:ShareCapital 2025-07-31 SC449875 frs-core:RetainedEarningsAccumulatedLosses 2025-07-31 SC449875 frs-bus:PrivateLimitedCompanyLtd 2024-08-01 2025-07-31 SC449875 frs-bus:FilletedAccounts 2024-08-01 2025-07-31 SC449875 frs-bus:SmallEntities 2024-08-01 2025-07-31 SC449875 frs-bus:AuditExempt-NoAccountantsReport 2024-08-01 2025-07-31 SC449875 frs-bus:SmallCompaniesRegimeForAccounts 2024-08-01 2025-07-31 SC449875 frs-bus:Director1 2024-08-01 2025-07-31 SC449875 frs-bus:Director1 2024-07-31 SC449875 frs-bus:Director1 2025-07-31 SC449875 frs-bus:Director2 2024-08-01 2025-07-31 SC449875 frs-bus:Director2 2024-07-31 SC449875 frs-bus:Director2 2025-07-31 SC449875 frs-countries:Scotland 2024-08-01 2025-07-31 SC449875 2023-07-31 SC449875 2024-07-31 SC449875 2023-08-01 2024-07-31 SC449875 frs-core:CurrentFinancialInstruments 2024-07-31 SC449875 frs-core:ShareCapital 2024-07-31 SC449875 frs-core:RetainedEarningsAccumulatedLosses 2024-07-31
Registered number: SC449875
P Grandison Funeral Directors Limited
Unaudited Financial Statements
For The Year Ended 31 July 2025
R Books Limited
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: SC449875
2025 2024
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 81,306 91,468
Tangible Assets 5 28,747 29,214
110,053 120,682
CURRENT ASSETS
Stocks 6 2,412 2,412
Debtors 7 39,200 28,087
Cash at bank and in hand 140,336 255,488
181,948 285,987
Creditors: Amounts Falling Due Within One Year 8 (30,102 ) (88,005 )
NET CURRENT ASSETS (LIABILITIES) 151,846 197,982
TOTAL ASSETS LESS CURRENT LIABILITIES 261,899 318,664
PROVISIONS FOR LIABILITIES
Deferred Taxation (3,421 ) (16,343 )
NET ASSETS 258,478 302,321
CAPITAL AND RESERVES
Called up share capital 9 100 100
Profit and Loss Account 258,378 302,221
SHAREHOLDERS' FUNDS 258,478 302,321
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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 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 James Grandison
Director
29/04/2026
The notes on pages 3 to 6 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
P Grandison Funeral Directors Limited is a private company, limited by shares, incorporated in Scotland, registered number SC449875 . The registered office is 3 March Street, Peebles, EH45 8DF.
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 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:
Leasehold 25% Straight line
Plant & Machinery 15% Reducing balance
Motor Vehicles 25% Reducing balance
Fixtures & Fittings 25% Reducing balance
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.
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2.6. 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.
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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 3 (2024: 4)
3 4
4. Intangible Assets
Goodwill
£
Cost
As at 1 August 2024 203,250
As at 31 July 2025 203,250
Amortisation
As at 1 August 2024 111,782
Provided during the period 10,162
As at 31 July 2025 121,944
Net Book Value
As at 31 July 2025 81,306
As at 1 August 2024 91,468
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5. Tangible Assets
Land & Property
Leasehold Plant & Machinery Motor Vehicles Fixtures & Fittings Total
£ £ £ £ £
Cost
As at 1 August 2024 5,000 51,567 153,575 1,932 212,074
Additions - 10,563 - - 10,563
Disposals - - (28,999 ) - (28,999 )
As at 31 July 2025 5,000 62,130 124,576 1,932 193,638
Depreciation
As at 1 August 2024 5,000 37,806 138,235 1,819 182,860
Provided during the period - 4,264 2,867 28 7,159
Disposals - - (25,128 ) - (25,128 )
As at 31 July 2025 5,000 42,070 115,974 1,847 164,891
Net Book Value
As at 31 July 2025 - 20,060 8,602 85 28,747
As at 1 August 2024 - 13,761 15,340 113 29,214
6. Stocks
2025 2024
£ £
Stock 2,412 2,412
7. Debtors
2025 2024
£ £
Due within one year
Trade debtors 36,606 28,087
Prepayments and accrued income 1,398 -
VAT 1,196 -
39,200 28,087
8. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 12,554 3,002
Corporation tax 12,778 19,678
Other taxes and social security 564 252
VAT - 298
Accruals and deferred income 1,755 2,972
Directors' loan accounts 2,451 61,803
30,102 88,005
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9. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 100 100
10. Directors Advances, Credits and Guarantees
The following transactions with directors arose during the year:
As at 1 August 2024 Amounts advanced Amounts repaid Amounts written off As at 31 July 2025
£ £ £ £ £
Mr James Grandison (29,226 ) 78,972 (51,500 ) - (1,754 )
Mr Peter Grandison (32,577 ) 92,863 (60,444 ) - (698 )
The loans are unsecured and repayable on demand. Interest is charged at HMRC's offical rate.
11. Exceptional Items
Exceptional items with a net total of £21,188 have been included in the accounts and have arisen as a result of a change in accountants. It is the opinion that there is no one item within this total that, on it's own, would be considered exceptional in size or nature.
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