Acorah Software Products - Accounts Production 19.2.450 false true 31 August 2024 1 September 2023 false 1 September 2024 31 August 2025 31 August 2025 SC329813 Mrs Fiona Petty Mrs Sheena Edgar Miss Shona Simpson iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure SC329813 2024-08-31 SC329813 2025-08-31 SC329813 2024-09-01 2025-08-31 SC329813 frs-core:CurrentFinancialInstruments 2025-08-31 SC329813 frs-core:ComputerEquipment 2025-08-31 SC329813 frs-core:ComputerEquipment 2024-09-01 2025-08-31 SC329813 frs-core:ComputerEquipment 2024-08-31 SC329813 frs-core:FurnitureFittings 2024-09-01 2025-08-31 SC329813 frs-core:ShareCapital 2025-08-31 SC329813 frs-core:RetainedEarningsAccumulatedLosses 2025-08-31 SC329813 frs-bus:PrivateLimitedCompanyLtd 2024-09-01 2025-08-31 SC329813 frs-bus:FilletedAccounts 2024-09-01 2025-08-31 SC329813 frs-bus:SmallEntities 2024-09-01 2025-08-31 SC329813 frs-bus:AuditExempt-NoAccountantsReport 2024-09-01 2025-08-31 SC329813 frs-bus:SmallCompaniesRegimeForAccounts 2024-09-01 2025-08-31 SC329813 frs-bus:Director1 2024-09-01 2025-08-31 SC329813 frs-bus:Director2 2024-09-01 2025-08-31 SC329813 frs-bus:Director3 2024-09-01 2025-08-31 SC329813 frs-countries:Scotland 2024-09-01 2025-08-31 SC329813 2023-08-31 SC329813 2024-08-31 SC329813 2023-09-01 2024-08-31 SC329813 frs-core:CurrentFinancialInstruments 2024-08-31 SC329813 frs-core:ShareCapital 2024-08-31 SC329813 frs-core:RetainedEarningsAccumulatedLosses 2024-08-31
Registered number: SC329813
Leithen Marine Limited
Unaudited Financial Statements
For The Year Ended 31 August 2025
Michael Revels & Co
Waukrigg Mill
Duke Street
Galashiels
TD1 1QD
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: SC329813
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 1,132 1,332
1,132 1,332
CURRENT ASSETS
Debtors 5 1,863,701 1,489,886
Cash at bank and in hand 232,697 182,072
2,096,398 1,671,958
Creditors: Amounts Falling Due Within One Year 6 (703,071 ) (372,251 )
NET CURRENT ASSETS (LIABILITIES) 1,393,327 1,299,707
TOTAL ASSETS LESS CURRENT LIABILITIES 1,394,459 1,301,039
NET ASSETS 1,394,459 1,301,039
CAPITAL AND RESERVES
Called up share capital 7 1,000 1,000
Profit and Loss Account 1,393,459 1,300,039
SHAREHOLDERS' FUNDS 1,394,459 1,301,039
Page 1
Page 2
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
Mrs Fiona Petty
Director
29/05/2026
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Leithen Marine Limited is a private company, limited by shares, incorporated in Scotland, registered number SC329813 . The registered office is Ladhope Vale House, Ladhope Vale, Galashiels, TD1 1BT.
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:
Fixtures & Fittings 15% reducing balance
Computer Equipment 15% reducing balance
2.4. 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 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.
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.
Page 3
Page 4
3. Average Number of Employees
Average number of employees, including directors, during the year was: 3 (2024: 2)
3 2
4. Tangible Assets
Computer Equipment
£
Cost
As at 1 September 2024 3,560
As at 31 August 2025 3,560
Depreciation
As at 1 September 2024 2,228
Provided during the period 200
As at 31 August 2025 2,428
Net Book Value
As at 31 August 2025 1,132
As at 1 September 2024 1,332
5. Debtors
2025 2024
£ £
Due within one year
Trade debtors 1,147,234 774,169
Other debtors 714,403 714,403
VAT 2,064 1,314
1,863,701 1,489,886
6. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 602,408 210,540
Corporation tax (66,978 ) (4,187 )
Other creditors - 224
Directors' loan accounts 167,641 165,674
703,071 372,251
7. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 1,000 1,000
Page 4
Page 5
8. Dividends
2025 2024
£ £
On equity shares:
Final dividend paid 946 -
Page 5