Acorah Software Products - Accounts Production 14.5.601 false true 31 December 2022 1 January 2022 false 1 January 2023 31 December 2023 31 December 2023 02328742 Mr Nigel Stevenson Mr Grant Flynn Mr Kieran Spiers Mr Daniel Stevenson Mrs Elaine Stevenson iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 02328742 2022-12-31 02328742 2023-12-31 02328742 2023-01-01 2023-12-31 02328742 frs-core:CurrentFinancialInstruments 2023-12-31 02328742 frs-core:Non-currentFinancialInstruments 2023-12-31 02328742 frs-core:BetweenOneFiveYears 2023-12-31 02328742 frs-core:ComputerEquipment 2023-12-31 02328742 frs-core:ComputerEquipment 2023-01-01 2023-12-31 02328742 frs-core:ComputerEquipment 2022-12-31 02328742 frs-core:FurnitureFittings 2023-12-31 02328742 frs-core:FurnitureFittings 2023-01-01 2023-12-31 02328742 frs-core:FurnitureFittings 2022-12-31 02328742 frs-core:NetGoodwill 2023-12-31 02328742 frs-core:NetGoodwill 2023-01-01 2023-12-31 02328742 frs-core:NetGoodwill 2022-12-31 02328742 frs-core:InvestmentPropertyIncludedWithinPPE 2023-12-31 02328742 frs-core:InvestmentPropertyIncludedWithinPPE 2023-01-01 2023-12-31 02328742 frs-core:InvestmentPropertyIncludedWithinPPE 2022-12-31 02328742 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-12-31 02328742 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-01-01 2023-12-31 02328742 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2022-12-31 02328742 frs-core:MotorVehicles 2023-12-31 02328742 frs-core:MotorVehicles 2023-01-01 2023-12-31 02328742 frs-core:MotorVehicles 2022-12-31 02328742 frs-core:PlantMachinery 2023-12-31 02328742 frs-core:PlantMachinery 2023-01-01 2023-12-31 02328742 frs-core:PlantMachinery 2022-12-31 02328742 frs-core:WithinOneYear 2023-12-31 02328742 frs-core:CapitalRedemptionReserve 2023-12-31 02328742 frs-core:RevaluationReserve 2022-12-31 02328742 frs-core:RevaluationReserve 2023-12-31 02328742 frs-core:SharePremium 2023-12-31 02328742 frs-core:ShareCapital 2023-12-31 02328742 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 02328742 frs-bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 02328742 frs-bus:FilletedAccounts 2023-01-01 2023-12-31 02328742 frs-bus:SmallEntities 2023-01-01 2023-12-31 02328742 frs-bus:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 02328742 frs-bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 02328742 frs-core:CostValuation 2022-12-31 02328742 frs-core:CostValuation 2023-12-31 02328742 frs-core:ProvisionsForImpairmentInvestments 2022-12-31 02328742 frs-core:ProvisionsForImpairmentInvestments 2023-12-31 02328742 frs-bus:Director1 2023-01-01 2023-12-31 02328742 frs-bus:Director2 2023-01-01 2023-12-31 02328742 frs-bus:Director3 2023-01-01 2023-12-31 02328742 frs-bus:Director4 2023-01-01 2023-12-31 02328742 frs-bus:CompanySecretary1 2023-01-01 2023-12-31 02328742 frs-countries:EnglandWales 2023-01-01 2023-12-31 02328742 2021-12-31 02328742 2022-12-31 02328742 2022-01-01 2022-12-31 02328742 frs-core:CurrentFinancialInstruments 2022-12-31 02328742 frs-core:Non-currentFinancialInstruments 2022-12-31 02328742 frs-core:BetweenOneFiveYears 2022-12-31 02328742 frs-core:WithinOneYear 2022-12-31 02328742 frs-core:CapitalRedemptionReserve 2022-12-31 02328742 frs-core:RevaluationReserve 2022-12-31 02328742 frs-core:SharePremium 2022-12-31 02328742 frs-core:ShareCapital 2022-12-31 02328742 frs-core:RetainedEarningsAccumulatedLosses 2022-12-31
Registered number: 02328742
NCS Fabrications Ltd
Unaudited Financial Statements
For The Year Ended 31 December 2023
Marlow Proactive
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—8
Page 1
Balance Sheet
Registered number: 02328742
2023 2022
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 1 1
Tangible Assets 5 1,409,482 1,339,019
Investments 6 5,200 5,200
1,414,683 1,344,220
CURRENT ASSETS
Stocks 7 432,041 351,271
Debtors 8 1,660,199 1,672,256
Investments 9 2,995 2,995
Cash at bank and in hand 514,162 702,066
2,609,397 2,728,588
Creditors: Amounts Falling Due Within One Year 10 (2,582,116 ) (2,683,199 )
NET CURRENT ASSETS (LIABILITIES) 27,281 45,389
TOTAL ASSETS LESS CURRENT LIABILITIES 1,441,964 1,389,609
Creditors: Amounts Falling Due After More Than One Year 11 (278,774 ) (356,127 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (172,244 ) (106,080 )
NET ASSETS 990,946 927,402
CAPITAL AND RESERVES
Called up share capital 13 10,000 10,000
Share premium account (1,699 ) (1,699 )
Revaluation reserve 14 185,019 185,019
Capital redemption reserve 42,202 42,202
Profit and Loss Account 755,424 691,880
SHAREHOLDERS' FUNDS 990,946 927,402
Page 1
Page 2
For the year ending 31 December 2023 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 Nigel Stevenson
Director
09/04/2024
The notes on pages 3 to 8 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
NCS Fabrications Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 02328742 . The registered office is Ncs Fabrications Ltd Longbridge Lane, Ascot Drive, Derby, Derbyshire, DE24 8ST.
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 profit and loss account over its estimated economic life of .... 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 10% straight line
Plant & Machinery 20% on reducing balance
Motor Vehicles 20% on reducing balance
Fixtures & Fittings 10% on reducing balance
Computer Equipment 33% straight line
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Page 4
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 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.
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 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 60 (2022: 62)
60 62
Page 4
Page 5
4. Intangible Assets
Goodwill
£
Cost
As at 1 January 2023 60,000
As at 31 December 2023 60,000
Amortisation
As at 1 January 2023 59,999
As at 31 December 2023 59,999
Net Book Value
As at 31 December 2023 1
As at 1 January 2023 1
5. Tangible Assets
Land & Property
Leasehold Improvement to properties Plant & Machinery Motor Vehicles
£ £ £ £
Cost
As at 1 January 2023 563,067 188,225 1,362,820 142,217
Additions - - 142,661 125,110
Disposals - - (8,195 ) (73,322 )
As at 31 December 2023 563,067 188,225 1,497,286 194,005
Depreciation
As at 1 January 2023 - 126,325 837,409 42,777
Provided during the period - 12,274 106,133 41,587
Disposals - - (7,952 ) (42,924 )
As at 31 December 2023 - 138,599 935,590 41,440
Net Book Value
As at 31 December 2023 563,067 49,626 561,696 152,565
As at 1 January 2023 563,067 61,900 525,411 99,440
Page 5
Page 6
Fixtures & Fittings Computer Equipment Total
£ £ £
Cost
As at 1 January 2023 136,770 24,499 2,417,598
Additions - 11,370 279,141
Disposals (2,203 ) - (83,720 )
As at 31 December 2023 134,567 35,869 2,613,019
Depreciation
As at 1 January 2023 58,054 14,014 1,078,579
Provided during the period 7,903 9,623 177,520
Disposals (1,686 ) - (52,562 )
As at 31 December 2023 64,271 23,637 1,203,537
Net Book Value
As at 31 December 2023 70,296 12,232 1,409,482
As at 1 January 2023 78,716 10,485 1,339,019
6. Investments
Other
£
Cost
As at 1 January 2023 5,200
As at 31 December 2023 5,200
Provision
As at 1 January 2023 -
As at 31 December 2023 -
Net Book Value
As at 31 December 2023 5,200
As at 1 January 2023 5,200
7. Stocks
2023 2022
£ £
Materials 238,357 231,635
Work in progress 193,684 119,636
432,041 351,271
Page 6
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8. Debtors
2023 2022
£ £
Due within one year
Trade debtors 1,522,504 1,556,269
Other debtors 137,695 115,987
1,660,199 1,672,256
9. Current Asset Investments
2023 2022
£ £
Listed investments 2,995 2,995
2,995 2,995
10. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Net obligations under finance lease and hire purchase contracts 113,706 151,429
Trade creditors 665,696 637,848
Bank loans and overdrafts 1,362,454 1,447,341
Other creditors 124,561 159,207
Taxation and social security 315,699 287,374
2,582,116 2,683,199
11. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Net obligations under finance lease and hire purchase contracts 213,737 170,170
Bank loans 65,037 185,957
278,774 356,127
12. Obligations Under Finance Leases and Hire Purchase
2023 2022
£ £
The future minimum finance lease payments are as follows:
Not later than one year 113,706 151,429
Later than one year and not later than five years 213,737 170,170
327,443 321,599
327,443 321,599
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13. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 10,000 10,000
14. Reserves
Revaluation Reserve
£
As at 1 January 2023 185,019
As at 31 December 2023 185,019
Page 8