Acorah Software Products - Accounts Production 19.3.600 false true 31 July 2024 1 August 2023 false 1 August 2024 31 July 2025 31 July 2025 SC655647 Mr Andrew McCormack iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure SC655647 2024-07-31 SC655647 2025-07-31 SC655647 2024-08-01 2025-07-31 SC655647 frs-core:CurrentFinancialInstruments 2025-07-31 SC655647 frs-core:Non-currentFinancialInstruments 2025-07-31 SC655647 frs-core:BetweenOneFiveYears 2025-07-31 SC655647 frs-core:ComputerEquipment 2025-07-31 SC655647 frs-core:ComputerEquipment 2024-08-01 2025-07-31 SC655647 frs-core:ComputerEquipment 2024-07-31 SC655647 frs-core:MotorVehicles 2024-08-01 2025-07-31 SC655647 frs-core:PlantMachinery 2025-07-31 SC655647 frs-core:PlantMachinery 2024-08-01 2025-07-31 SC655647 frs-core:PlantMachinery 2024-07-31 SC655647 frs-core:WithinOneYear 2025-07-31 SC655647 frs-core:ShareCapital 2025-07-31 SC655647 frs-core:RetainedEarningsAccumulatedLosses 2025-07-31 SC655647 frs-bus:PrivateLimitedCompanyLtd 2024-08-01 2025-07-31 SC655647 frs-bus:FilletedAccounts 2024-08-01 2025-07-31 SC655647 frs-bus:SmallEntities 2024-08-01 2025-07-31 SC655647 frs-bus:AuditExempt-NoAccountantsReport 2024-08-01 2025-07-31 SC655647 frs-bus:SmallCompaniesRegimeForAccounts 2024-08-01 2025-07-31 SC655647 frs-bus:Director1 2024-08-01 2025-07-31 SC655647 frs-bus:Director1 2024-07-31 SC655647 frs-bus:Director1 2025-07-31 SC655647 frs-countries:Scotland 2024-08-01 2025-07-31 SC655647 2023-07-31 SC655647 2024-07-31 SC655647 2023-08-01 2024-07-31 SC655647 frs-core:CurrentFinancialInstruments 2024-07-31 SC655647 frs-core:Non-currentFinancialInstruments 2024-07-31 SC655647 frs-core:BetweenOneFiveYears 2024-07-31 SC655647 frs-core:WithinOneYear 2024-07-31 SC655647 frs-core:ShareCapital 2024-07-31 SC655647 frs-core:RetainedEarningsAccumulatedLosses 2024-07-31
Registered number: SC655647
Mts Truck & Van Services Ltd
Financial Statements
For The Year Ended 31 July 2025
Stewart Accounting Services Limited
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: SC655647
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 53,135 27,209
53,135 27,209
CURRENT ASSETS
Debtors 5 66,805 100,261
Cash at bank and in hand 20,630 20,578
87,435 120,839
Creditors: Amounts Falling Due Within One Year 6 (122,699 ) (120,500 )
NET CURRENT ASSETS (LIABILITIES) (35,264 ) 339
TOTAL ASSETS LESS CURRENT LIABILITIES 17,871 27,548
Creditors: Amounts Falling Due After More Than One Year 7 (17,434 ) (27,200 )
NET ASSETS 437 348
CAPITAL AND RESERVES
Called up share capital 9 100 100
Profit and Loss Account 337 248
SHAREHOLDERS' FUNDS 437 348
Page 1
Page 2
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 his 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 Andrew McCormack
Director
30th July 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
Mts Truck & Van Services Ltd is a private company, limited by shares, incorporated in Scotland, registered number SC655647 . The registered office is Unit 1-2 Block 4 Bandeath Industrial Estate, Throsk, Stirling, FK7 7NP.
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:
Plant & Machinery 25% RB
Motor Vehicles 25% RB
Computer Equipment 25% SL
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.
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3. Average Number of Employees
Average number of employees, including directors, during the year was: 4 (2024: 4)
4 4
4. Tangible Assets
Plant & Machinery Computer Equipment Total
£ £ £
Cost
As at 1 August 2024 54,950 464 55,414
Additions 41,842 - 41,842
Disposals (13,000 ) - (13,000 )
As at 31 July 2025 83,792 464 84,256
Depreciation
As at 1 August 2024 27,973 232 28,205
Provided during the period 6,050 116 6,166
Disposals (3,250 ) - (3,250 )
As at 31 July 2025 30,773 348 31,121
Net Book Value
As at 31 July 2025 53,019 116 53,135
As at 1 August 2024 26,977 232 27,209
5. Debtors
2025 2024
£ £
Due within one year
Trade debtors 33,494 58,005
Other debtors 33,311 42,256
66,805 100,261
6. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Net obligations under finance lease and hire purchase contracts 15,213 16,300
Trade creditors 33,047 34,162
Bank loans and overdrafts 19,939 15,370
Other creditors 54,500 49,500
Taxation and social security - 5,168
122,699 120,500
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7. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Net obligations under finance lease and hire purchase contracts 13,267 13,033
Bank loans 4,167 14,167
17,434 27,200
8. Obligations Under Finance Leases and Hire Purchase
2025 2024
£ £
The future minimum finance lease payments are as follows:
Not later than one year 15,213 16,300
Later than one year and not later than five years 13,267 13,033
28,480 29,333
28,480 29,333
9. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 100 100
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
£ £ £ £ £
Mr Andrew McCormack 42,256 25,000 13,625 - 30,881
The above loan is unsecured, interest free and repayable on demand.
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