Acorah Software Products - Accounts Production 15.0.400 false true 31 March 2023 1 April 2022 false 1 April 2023 31 March 2024 31 March 2024 11934061 Mr Michael Spruce Mrs Laura Spruce iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 11934061 2023-03-31 11934061 2024-03-31 11934061 2023-04-01 2024-03-31 11934061 frs-core:CurrentFinancialInstruments 2024-03-31 11934061 frs-core:Non-currentFinancialInstruments 2024-03-31 11934061 frs-core:BetweenOneFiveYears 2024-03-31 11934061 frs-core:ComputerEquipment 2024-03-31 11934061 frs-core:ComputerEquipment 2023-04-01 2024-03-31 11934061 frs-core:ComputerEquipment 2023-03-31 11934061 frs-core:MotorVehicles 2024-03-31 11934061 frs-core:MotorVehicles 2023-04-01 2024-03-31 11934061 frs-core:MotorVehicles 2023-03-31 11934061 frs-core:PlantMachinery 2024-03-31 11934061 frs-core:PlantMachinery 2023-04-01 2024-03-31 11934061 frs-core:PlantMachinery 2023-03-31 11934061 frs-core:WithinOneYear 2024-03-31 11934061 frs-core:ShareCapital 2024-03-31 11934061 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 11934061 frs-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 11934061 frs-bus:FilletedAccounts 2023-04-01 2024-03-31 11934061 frs-bus:SmallEntities 2023-04-01 2024-03-31 11934061 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 11934061 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 11934061 frs-core:DeferredTaxation 2023-03-31 11934061 frs-core:DeferredTaxation 2024-03-31 11934061 frs-bus:Director1 2023-04-01 2024-03-31 11934061 frs-bus:Director2 2023-04-01 2024-03-31 11934061 1 2023-04-01 2024-03-31 11934061 2 2023-04-01 2024-03-31 11934061 frs-countries:EnglandWales 2023-04-01 2024-03-31 11934061 2022-03-31 11934061 2023-03-31 11934061 2022-04-01 2023-03-31 11934061 frs-core:CurrentFinancialInstruments 2023-03-31 11934061 frs-core:Non-currentFinancialInstruments 2023-03-31 11934061 frs-core:BetweenOneFiveYears 2023-03-31 11934061 frs-core:WithinOneYear 2023-03-31 11934061 frs-core:ShareCapital 2023-03-31 11934061 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31
Registered number: 11934061
Aztec Construction Midlands Ltd
Unaudited Financial Statements
For The Year Ended 31 March 2024
DKR Chartered Accountants
36 Lichfield Street
Walsall
West Midlands
WS1 1TJ
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 11934061
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 74,494 12,633
74,494 12,633
CURRENT ASSETS
Stocks 5 42,000 82,440
Debtors 6 328,437 148,650
Cash at bank and in hand 166,516 8,787
536,953 239,877
Creditors: Amounts Falling Due Within One Year 7 (256,286 ) (173,053 )
NET CURRENT ASSETS (LIABILITIES) 280,667 66,824
TOTAL ASSETS LESS CURRENT LIABILITIES 355,161 79,457
Creditors: Amounts Falling Due After More Than One Year 8 (38,717 ) (36,665 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (18,624 ) (2,400 )
NET ASSETS 297,820 40,392
CAPITAL AND RESERVES
Called up share capital 12 2 2
Profit and Loss Account 297,818 40,390
SHAREHOLDERS' FUNDS 297,820 40,392
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 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 Laura Spruce
Director
4th October 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
Aztec Construction Midlands Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 11934061 . The registered office is Unit 5 Wilkes Street, Willenhall, WV13 2BS.
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 15% Reducing Balance
Motor Vehicles 25% Reducing Balance
Computer Equipment 25% Reducing Balance
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.
Page 3
Page 4
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 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: 1 (2023: 1)
1 1
4. Tangible Assets
Plant & Machinery Motor Vehicles Computer Equipment Total
£ £ £ £
Cost
As at 1 April 2023 4,721 12,826 795 18,342
Additions 26,000 56,083 737 82,820
As at 31 March 2024 30,721 68,909 1,532 101,162
Depreciation
As at 1 April 2023 1,668 3,628 413 5,709
Provided during the period 4,358 16,321 280 20,959
As at 31 March 2024 6,026 19,949 693 26,668
Net Book Value
As at 31 March 2024 24,695 48,960 839 74,494
As at 1 April 2023 3,053 9,198 382 12,633
5. Stocks
2024 2023
£ £
Stock 42,000 82,440
Page 4
Page 5
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 194,388 42,644
Prepayments and accrued income 101,477 100,950
Other debtors - 889
VAT 32,572 4,167
328,437 148,650
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 2,781 -
Trade creditors 110,261 78,322
Bank loans and overdrafts 10,000 10,001
Corporation tax 109,384 21,886
Other taxes and social security 6,914 4,555
Other creditors 100 6,000
Accruals and deferred income 1,000 1,470
Directors' loan accounts 15,846 50,819
256,286 173,053
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 12,052 -
Bank loans 26,665 36,665
38,717 36,665
9. Secured Creditors
Of the creditors the following amounts are secured.
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 14,833 -
Bank loans and overdrafts 36,665 46,667
10. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year 2,781 -
Later than one year and not later than five years 12,052 -
14,833 -
14,833 -
Page 5
Page 6
11. Provisions for Liabilities
Deferred Tax Total
£ £
As at 1 April 2023 2,400 2,400
Changes in tax rates 4,470 4,470
Origination and reversal of timing differences 11,754 11,754
Balance at 31 March 2024 18,624 18,624
12. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 2 2
Page 6