Acorah Software Products - Accounts Production 19.3.600 false true 31 December 2024 1 January 2024 false 1 January 2025 31 December 2025 31 December 2025 SC058204 Mr Paul Campbell Mrs Elizabeth Mary Campbell Mr Roderick Campbell iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure SC058204 2024-12-31 SC058204 2025-12-31 SC058204 2025-01-01 2025-12-31 SC058204 frs-core:CurrentFinancialInstruments 2025-12-31 SC058204 frs-core:Non-currentFinancialInstruments 2025-12-31 SC058204 frs-core:FurnitureFittings 2025-12-31 SC058204 frs-core:FurnitureFittings 2025-01-01 2025-12-31 SC058204 frs-core:FurnitureFittings 2024-12-31 SC058204 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2025-12-31 SC058204 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2025-01-01 2025-12-31 SC058204 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-12-31 SC058204 frs-core:MotorVehicles 2025-12-31 SC058204 frs-core:MotorVehicles 2025-01-01 2025-12-31 SC058204 frs-core:MotorVehicles 2024-12-31 SC058204 frs-core:PlantMachinery 2025-12-31 SC058204 frs-core:PlantMachinery 2025-01-01 2025-12-31 SC058204 frs-core:PlantMachinery 2024-12-31 SC058204 frs-core:RevaluationReserve 2024-12-31 SC058204 frs-core:RevaluationReserve 2025-12-31 SC058204 frs-core:ShareCapital 2025-12-31 SC058204 frs-core:RetainedEarningsAccumulatedLosses 2025-01-01 2025-12-31 SC058204 frs-core:RetainedEarningsAccumulatedLosses frs-core:PreviouslyStatedAmount 2024-12-31 SC058204 frs-core:RetainedEarningsAccumulatedLosses 2025-12-31 SC058204 frs-bus:PrivateLimitedCompanyLtd 2025-01-01 2025-12-31 SC058204 frs-bus:FilletedAccounts 2025-01-01 2025-12-31 SC058204 frs-bus:SmallEntities 2025-01-01 2025-12-31 SC058204 frs-bus:AuditExempt-NoAccountantsReport 2025-01-01 2025-12-31 SC058204 frs-bus:SmallCompaniesRegimeForAccounts 2025-01-01 2025-12-31 SC058204 frs-bus:Director1 2025-01-01 2025-12-31 SC058204 frs-bus:Director2 2025-01-01 2025-12-31 SC058204 frs-bus:Director3 2025-01-01 2025-12-31 SC058204 frs-countries:Scotland 2025-01-01 2025-12-31 SC058204 2023-12-31 SC058204 2024-12-31 SC058204 2024-01-01 2024-12-31 SC058204 frs-core:CurrentFinancialInstruments 2024-12-31 SC058204 frs-core:Non-currentFinancialInstruments 2024-12-31 SC058204 frs-core:RevaluationReserve 2024-12-31 SC058204 frs-core:ShareCapital 2024-12-31 SC058204 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31
Registered number: SC058204
R.E. Campbell (Joinery) Limited
Unaudited Financial Statements
For The Year Ended 31 December 2025
Leitch Accountancy Services Limited
R.E. Campbell (Joinery) Limited
Contents
Contents

| Page
--- | ---
Balance Sheet | 1—2
Notes to the Financial Statements | 3—7

Page 1
R.E. Campbell (Joinery) Limited
Balance Sheet
As At 31 December 2025
Balance Sheet
Registered number: SC058204

| 2025 | 2024
--- | --- | ---
| Notes | £ | £ | £ | £
FIXED ASSETS
Tangible Assets | 4 |  | 198,455 |  | 220,257
|  |  | 198,455 |  | 220,257
CURRENT ASSETS
Stocks | 5 | 741,670 |  | 645,754 |
Debtors | 6 | 21,748 |  | 19,999 |
Cash at bank and in hand |  | 617,292 |  | 294,218 |
|  | 1,380,710 |  | 959,971 |
Creditors: Amounts Falling Due Within One Year | 7 | (384,917 ) |  | (539,316 ) |
NET CURRENT ASSETS (LIABILITIES) |  |  | 995,793 |  | 420,655
TOTAL ASSETS LESS CURRENT LIABILITIES |  |  | 1,194,248 |  | 640,912
Creditors: Amounts Falling Due After More Than One Year | 8 |  | - |  | (4,911 )
PROVISIONS FOR LIABILITIES
Deferred Taxation |  |  | (8,365 ) |  | (37,113 )
NET ASSETS |  |  | 1,185,883 |  | 598,888
CAPITAL AND RESERVES
Called up share capital | 9 |  | 2,000 |  | 2,000
Revaluation reserve | 10 |  | 111,338 |  | 111,338
Profit and Loss Account |  |  | 1,072,545 |  | 485,550
SHAREHOLDERS' FUNDS |  |  | 1,185,883 |  | 598,888

Page 1
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R.E. Campbell (Joinery) Limited
Balance Sheet (continued)
As At 31 December 2025
For the year ending 31 December 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 Roderick Campbell Director
29/04/2026

The notes on pages 3 to 7 form part of these financial statements.
Page 2
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R.E. Campbell (Joinery) Limited
Notes to the Financial Statements
For The Year Ended 31 December 2025
Notes to the Financial Statements
1. General Information
R.E. Campbell (Joinery) Limited is a private company, limited by shares, incorporated in Scotland, registered number SC058204 . The registered office is Station Road, Spean Bridge, Inverness Shire, PH34 4EP.
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.
Property is stated at a revalued amount, being the fair value at the date of revaluation less subsequent depreciation. Revaluations are performed with sufficient regularity to ensure the carrying amount does not differ materially from fair value.
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. The property in the company has been revalued as detailed in note 2.1. 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 | 4 years straight line / no depreciation
Plant & Machinery | 10 years straight line
Motor Vehicles | 5 years straight line
Fixtures & Fittings | 3 - 10 years straight line

Land included within Freehold is not depreciated.
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. 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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R.E. Campbell (Joinery) Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 December 2025
2.6. Financial Instruments
Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.
Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.
Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.
Basic financial liabilities
Basic financial liabilities, including creditors, bank loans, and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.
Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.
Equity instruments
Equity instruments issued by the Company are recorded at the fair value of cash or other resources received or receivable, net of direct issue costs. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the Company.
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.
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.
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R.E. Campbell (Joinery) Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 December 2025
2.8. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
2.9. Government Grant
Government grants are recognised in the profit and loss account in an appropriate manner that matches them with the expenditure towards which they are intended to contribute.
Grants for immediate financial support or to cover costs already incurred are recognised immediately in the profit and loss account. Grants towards general activities of the entity over a specific period are recognised in the profit and loss account over that period.
Grants towards fixed assets are recognised over the expected useful lives of the related assets and are treated as deferred income and released to the profit and loss account over the useful life of the asset concerned.
All grants in the profit and loss account are recognised when all conditions for receipt have been complied with.
2.10. Construction Contracts
Where the outcome of a construction contract can be estimated reliably, revenue and costs are recognised by reference to the stage of completion of the contract activity at the Balance Sheet date. This is normally measured by the proportion that contract costs incurred for work performed to date bear to the estimated total contract costs, except where this would not be representative of the stage of completion. Variations in contract work, claims and incentive payments are included to the extent that the amount can be measured reliably and its receipt is considered probable.
Where the outcome of a construction contract cannot be estimated reliably, contract revenue is recognised to the extent of contract costs incurred where it is probable they will be recoverable. Contract costs are recognised as expenses in the period in which they are incurred. When costs incurred in securing a contract are recognised as an expense in the period in which they are incurred, they are not included in contract costs if the contract is obtained in a subsequent period.
When it is probable that total contract costs will exceed total contract revenue, the expected loss is recognised as an expense immediately.
2.11. Cash and cash equivalents
Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 21 (2024: 20)
21 20
4. Tangible Assets

| Land & Property
--- | ---
| Freehold | Plant & Machinery | Motor Vehicles | Fixtures & Fittings | Total
| £ | £ | £ | £ | £
Cost
As at 1 January 2025 | 165,000 | 344,161 | 205,177 | 24,458 | 738,796
Additions | - | 950 | - | - | 950
Disposals | - | (52,172 ) | (25,442 ) | - | (77,614 )
As at 31 December 2025 | 165,000 | 292,939 | 179,735 | 24,458 | 662,132

...CONTINUED
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R.E. Campbell (Joinery) Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 December 2025

Depreciation
As at 1 January 2025 | - | 318,464 | 175,668 | 24,407 | 518,539
Provided during the period | - | 13,525 | 6,356 | 14 | 19,895
Disposals | - | (49,315 ) | (25,442 ) | - | (74,757 )
As at 31 December 2025 | - | 282,674 | 156,582 | 24,421 | 463,677
Net Book Value
As at 31 December 2025 | 165,000 | 10,265 | 23,153 | 37 | 198,455
As at 1 January 2025 | 165,000 | 25,697 | 29,509 | 51 | 220,257

5. Stocks

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Materials | 6,195 |  | 13,149
Work in progress | 735,475 |  | 632,605
| 741,670 |  | 645,754

6. Debtors

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Due within one year
Trade debtors | 8,184 |  | 8,184
Other debtors | 13,564 |  | 11,815
| 21,748 |  | 19,999

7. Creditors: Amounts Falling Due Within One Year

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Trade creditors | 31,978 |  | 129,510
Bank loans and overdrafts | 3,298 |  | 10,922
Other creditors | 241,942 |  | 387,089
Taxation and social security | 107,699 |  | 11,795
| 384,917 |  | 539,316

Bank loans include a Coronavirus Bounce Bank loan which is guaranteed by the UK Government.
8. Creditors: Amounts Falling Due After More Than One Year

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Bank loans | - |  | 4,911

Bank loans include a Coronavirus Bounce Bank loan which is guaranteed by the UK Government.
9. Share Capital

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Allotted, Called up and fully paid | 2,000 |  | 2,000

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R.E. Campbell (Joinery) Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 December 2025
10. Reserves

| Revaluation reserve | Profit and Loss Account
--- | --- | ---
| £ | £
As at 1 January 2025 | 111,338 | 485,550
Profit for the year and total comprehensive income | - | 586,995
As at 31 December 2025 | 111,338 | 1,072,545

This revaluation reserve was based on a valuation carried out by Chartered Surveyors prior to the year end date that the directors believe is appropriate to use as at 31 December 2025.
11. Related Party Transactions
Amounts due to key management personnel at the year end was £245,820 (2024 - £365,500). This balance is unsecured, interest free and has no fixed terms of repayment.
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