Acorah Software Products - Accounts Production 15.0.600 false true 31 March 2023 1 April 2022 false 1 April 2023 31 March 2024 31 March 2024 SC341073 Mr Michael Gilmartin Mrs Anne Gilmartin iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure SC341073 2023-03-31 SC341073 2024-03-31 SC341073 2023-04-01 2024-03-31 SC341073 frs-core:CurrentFinancialInstruments 2024-03-31 SC341073 frs-core:Non-currentFinancialInstruments 2024-03-31 SC341073 frs-core:BetweenOneFiveYears 2024-03-31 SC341073 frs-core:ComputerEquipment 2024-03-31 SC341073 frs-core:ComputerEquipment 2023-04-01 2024-03-31 SC341073 frs-core:ComputerEquipment 2023-03-31 SC341073 frs-core:FurnitureFittings 2024-03-31 SC341073 frs-core:FurnitureFittings 2023-04-01 2024-03-31 SC341073 frs-core:FurnitureFittings 2023-03-31 SC341073 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-03-31 SC341073 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 SC341073 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-03-31 SC341073 frs-core:MotorVehicles 2024-03-31 SC341073 frs-core:MotorVehicles 2023-04-01 2024-03-31 SC341073 frs-core:MotorVehicles 2023-03-31 SC341073 frs-core:PlantMachinery 2024-03-31 SC341073 frs-core:PlantMachinery 2023-04-01 2024-03-31 SC341073 frs-core:PlantMachinery 2023-03-31 SC341073 frs-core:WithinOneYear 2024-03-31 SC341073 frs-core:ShareCapital 2024-03-31 SC341073 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 SC341073 frs-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 SC341073 frs-bus:FilletedAccounts 2023-04-01 2024-03-31 SC341073 frs-bus:SmallEntities 2023-04-01 2024-03-31 SC341073 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 SC341073 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 SC341073 frs-bus:Director1 2023-04-01 2024-03-31 SC341073 frs-bus:Director1 2023-03-31 SC341073 frs-bus:Director1 2024-03-31 SC341073 frs-bus:CompanySecretary1 2023-04-01 2024-03-31 SC341073 frs-core:CurrentFinancialInstruments 1 2024-03-31 SC341073 frs-core:CurrentFinancialInstruments 2 2024-03-31 SC341073 frs-countries:Scotland 2023-04-01 2024-03-31 SC341073 2022-03-31 SC341073 2023-03-31 SC341073 2022-04-01 2023-03-31 SC341073 frs-core:CurrentFinancialInstruments 2023-03-31 SC341073 frs-core:Non-currentFinancialInstruments 2023-03-31 SC341073 frs-core:BetweenOneFiveYears 2023-03-31 SC341073 frs-core:WithinOneYear 2023-03-31 SC341073 frs-core:ShareCapital 2023-03-31 SC341073 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31 SC341073 frs-core:CurrentFinancialInstruments 1 2023-03-31 SC341073 frs-core:CurrentFinancialInstruments 2 2023-03-31
Registered number: SC341073
Express Pipework Systems Limited
Unaudited Financial Statements
For The Year Ended 31 March 2024
The Hansen Company
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: SC341073
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 387,805 285,104
387,805 285,104
CURRENT ASSETS
Stocks 5 162,675 157,937
Debtors 6 431,670 558,906
Cash at bank and in hand 505,984 241,799
1,100,329 958,642
Creditors: Amounts Falling Due Within One Year 7 (316,514 ) (322,158 )
NET CURRENT ASSETS (LIABILITIES) 783,815 636,484
TOTAL ASSETS LESS CURRENT LIABILITIES 1,171,620 921,588
Creditors: Amounts Falling Due After More Than One Year 8 (93,982 ) (43,198 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (31,888 ) (31,888 )
NET ASSETS 1,045,750 846,502
CAPITAL AND RESERVES
Called up share capital 10 2 2
Profit and Loss Account 1,045,748 846,500
SHAREHOLDERS' FUNDS 1,045,750 846,502
Page 1
Page 2
For the year ending 31 March 2024 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 Michael Gilmartin
Director
08/08/2024
The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Express Pipework Systems Limited is a private company, limited by shares, incorporated in Scotland, registered number SC341073 . The registered office is The Old Forge 28 Field Road, Busby, Glasgow, G76 8SE.
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.
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:
Freehold Not depreciated
Plant & Machinery 15% on reducing balance method
Motor Vehicles 15% on reducing balance method
Fixtures & Fittings 15% on reducing balance method
Computer Equipment 15% on reducing balance method
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 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.
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 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.
...CONTINUED
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Page 4
2.6. Taxation - continued
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:
2024 2023
Office and administration 19 20
19 20
4. Tangible Assets
Land & Property
Freehold Plant & Machinery Motor Vehicles Fixtures & Fittings
£ £ £ £
Cost
As at 1 April 2023 5,218 138,034 395,024 43,449
Additions - - 159,410 -
Disposals - - (16,160 ) -
As at 31 March 2024 5,218 138,034 538,274 43,449
Depreciation
As at 1 April 2023 - 84,889 202,662 23,554
Provided during the period - 7,972 37,486 2,984
Disposals - - (10,065 ) -
As at 31 March 2024 - 92,861 230,083 26,538
Net Book Value
As at 31 March 2024 5,218 45,173 308,191 16,911
As at 1 April 2023 5,218 53,145 192,362 19,895
Computer Equipment Total
£ £
Cost
As at 1 April 2023 39,090 620,815
Additions - 159,410
Disposals - (16,160 )
As at 31 March 2024 39,090 764,065
Depreciation
As at 1 April 2023 24,606 335,711
Provided during the period 2,172 50,614
Disposals - (10,065 )
As at 31 March 2024 26,778 376,260
...CONTINUED
Page 4
Page 5
Net Book Value
As at 31 March 2024 12,312 387,805
As at 1 April 2023 14,484 285,104
5. Stocks
2024 2023
£ £
Finished goods 9,901 9,613
Work in progress 152,774 148,324
162,675 157,937
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 426,317 533,325
Prepayments and accrued income 5,353 5,311
Other debtors - 1,300
Other taxes and social security - 18,970
431,670 558,906
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 51,772 25,655
Trade creditors 44,730 69,911
Corporation tax 85,852 63,625
Other taxes and social security 1,540 -
VAT 110,210 152,197
Pension 4,985 5,640
Mrs Gilmartin loan 6,467 541
Accruals and deferred income 3,806 3,363
Director's loan account 7,152 1,226
316,514 322,158
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 93,982 43,198
93,982 43,198
Page 5
Page 6
9. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year 51,772 25,655
Later than one year and not later than five years 93,982 43,198
145,754 68,853
145,754 68,853
10. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 2 2
11. Directors Advances, Credits and Guarantees
Included within creditor are the following loans to director: 
As at 1 April 2023 Amounts advanced Amounts repaid Amounts written off As at 31 March 2024
£ £ £ £ £
Mr Michael Gilmartin 1,226 - - - -
The above loan is unsecured, interest free and repayable on demand.
Page 6