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 04697514 Mrs Victoria Marks Mr Ian Lancaster Mr Paul Marks iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 04697514 2023-03-31 04697514 2024-03-31 04697514 2023-04-01 2024-03-31 04697514 frs-core:CurrentFinancialInstruments 2024-03-31 04697514 frs-core:Non-currentFinancialInstruments 2024-03-31 04697514 frs-core:BetweenOneFiveYears 2024-03-31 04697514 frs-core:FurnitureFittings 2024-03-31 04697514 frs-core:FurnitureFittings 2023-04-01 2024-03-31 04697514 frs-core:FurnitureFittings 2023-03-31 04697514 frs-core:NetGoodwill 2024-03-31 04697514 frs-core:NetGoodwill 2023-04-01 2024-03-31 04697514 frs-core:NetGoodwill 2023-03-31 04697514 frs-core:MotorVehicles 2024-03-31 04697514 frs-core:MotorVehicles 2023-04-01 2024-03-31 04697514 frs-core:MotorVehicles 2023-03-31 04697514 frs-core:PlantMachinery 2024-03-31 04697514 frs-core:PlantMachinery 2023-04-01 2024-03-31 04697514 frs-core:PlantMachinery 2023-03-31 04697514 frs-core:WithinOneYear 2024-03-31 04697514 frs-core:ShareCapital 2024-03-31 04697514 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 04697514 frs-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 04697514 frs-bus:FilletedAccounts 2023-04-01 2024-03-31 04697514 frs-bus:SmallEntities 2023-04-01 2024-03-31 04697514 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 04697514 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 04697514 frs-bus:Director1 2023-04-01 2024-03-31 04697514 frs-bus:Director2 2023-04-01 2024-03-31 04697514 frs-bus:Director3 2023-04-01 2024-03-31 04697514 frs-countries:EnglandWales 2023-04-01 2024-03-31 04697514 2022-03-31 04697514 2023-03-31 04697514 2022-04-01 2023-03-31 04697514 frs-core:CurrentFinancialInstruments 2023-03-31 04697514 frs-core:Non-currentFinancialInstruments 2023-03-31 04697514 frs-core:BetweenOneFiveYears 2023-03-31 04697514 frs-core:WithinOneYear 2023-03-31 04697514 frs-core:ShareCapital 2023-03-31 04697514 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31
Registered number: 04697514
ACL Sheet Metal Ltd
Unaudited Financial Statements
For The Year Ended 31 March 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 04697514
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 5 320,570 369,716
320,570 369,716
CURRENT ASSETS
Stocks 6 20,000 20,000
Debtors 7 187,468 218,684
Cash at bank and in hand 110,082 125,160
317,550 363,844
Creditors: Amounts Falling Due Within One Year 8 (316,991 ) (426,473 )
NET CURRENT ASSETS (LIABILITIES) 559 (62,629 )
TOTAL ASSETS LESS CURRENT LIABILITIES 321,129 307,087
Creditors: Amounts Falling Due After More Than One Year 9 (219,083 ) (194,361 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (71,335 ) (70,247 )
NET ASSETS 30,711 42,479
CAPITAL AND RESERVES
Called up share capital 11 100 100
Profit and Loss Account 30,611 42,379
SHAREHOLDERS' FUNDS 30,711 42,479
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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 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 Victoria Marks
Director
04/09/2024
The notes on pages 3 to 6 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
ACL Sheet Metal Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 04697514 . The registered office is SME House, Holme Lacy Industrial Estate, Hereford, HR2 6DR.
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 10 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:
Plant & Machinery 20% on reducing balance
Motor Vehicles 25% on reducing balance
Fixtures & Fittings 20% on reducing balance
The Amada Laser Cutting Machine is considered to have a longer useful life and so is being depreciated at 10% using a Reducing Balance Method.
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.
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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.
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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 12 (2023: 13)
12 13
4. Intangible Assets
Goodwill
£
Cost
As at 1 April 2023 30,000
As at 31 March 2024 30,000
Amortisation
As at 1 April 2023 30,000
As at 31 March 2024 30,000
Net Book Value
As at 31 March 2024 -
As at 1 April 2023 -
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5. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Total
£ £ £ £
Cost
As at 1 April 2023 870,869 14,800 50,486 936,155
Disposals (27,644 ) (4,000 ) (1,253 ) (32,897 )
As at 31 March 2024 843,225 10,800 49,233 903,258
Depreciation
As at 1 April 2023 516,949 14,465 35,025 566,439
Provided during the period 43,621 84 3,092 46,797
Disposals (25,400 ) (3,964 ) (1,184 ) (30,548 )
As at 31 March 2024 535,170 10,585 36,933 582,688
Net Book Value
As at 31 March 2024 308,055 215 12,300 320,570
As at 1 April 2023 353,920 335 15,461 369,716
6. Stocks
2024 2023
£ £
Finished goods 20,000 20,000
7. Debtors
2024 2023
£ £
Due within one year
Trade debtors 148,888 186,721
Other debtors 38,580 31,963
187,468 218,684
8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 36,847 70,102
Trade creditors 92,760 108,539
Bank loans and overdrafts 4,278 19,302
Other creditors 119,681 176,472
Taxation and social security 63,425 52,058
316,991 426,473
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9. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 184,891 194,361
Bank loans 34,192 -
219,083 194,361
10. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year 36,847 70,102
Later than one year and not later than five years 184,891 194,361
221,738 264,463
221,738 264,463
11. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
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