Acorah Software Products - Accounts Production 16.1.300 false true true 30 April 2023 1 May 2022 false 1 May 2023 30 April 2024 30 April 2024 04093213 Mr Stephen Beacham Mr Paul Beacham S Beacham false iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 04093213 2023-04-30 04093213 2024-04-30 04093213 2023-05-01 2024-04-30 04093213 frs-core:Non-currentFinancialInstruments 2024-04-30 04093213 frs-core:BetweenOneFiveYears 2024-04-30 04093213 frs-core:ComputerEquipment 2023-05-01 2024-04-30 04093213 frs-core:FurnitureFittings 2023-05-01 2024-04-30 04093213 frs-core:MoreThanFiveYears 2024-04-30 04093213 frs-core:MotorVehicles 2023-05-01 2024-04-30 04093213 frs-core:PlantMachinery 2023-05-01 2024-04-30 04093213 frs-core:WithinOneYear 2024-04-30 04093213 frs-core:CapitalRedemptionReserve 2024-04-30 04093213 frs-core:ShareCapital 2024-04-30 04093213 frs-core:RetainedEarningsAccumulatedLosses 2024-04-30 04093213 frs-bus:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 04093213 frs-bus:AbridgedAccounts 2023-05-01 2024-04-30 04093213 frs-bus:SmallEntities 2023-05-01 2024-04-30 04093213 frs-bus:AuditExempt-NoAccountantsReport 2023-05-01 2024-04-30 04093213 frs-bus:SmallCompaniesRegimeForAccounts 2023-05-01 2024-04-30 04093213 1 2023-05-01 2024-04-30 04093213 frs-bus:Director1 2023-05-01 2024-04-30 04093213 frs-bus:Director2 2023-05-01 2024-04-30 04093213 frs-countries:EnglandWales 2023-05-01 2024-04-30 04093213 2022-04-30 04093213 2023-04-30 04093213 2022-05-01 2023-04-30 04093213 frs-core:Non-currentFinancialInstruments 2023-04-30 04093213 frs-core:BetweenOneFiveYears 2023-04-30 04093213 frs-core:MoreThanFiveYears 2023-04-30 04093213 frs-core:WithinOneYear 2023-04-30 04093213 frs-core:CapitalRedemptionReserve 2023-04-30 04093213 frs-core:ShareCapital 2023-04-30 04093213 frs-core:RetainedEarningsAccumulatedLosses 2023-04-30
Registered number: 04093213
Sharpness Shipyard and Dry Dock Limited
Unaudited ABRIDGED Financial Statements
For The Year Ended 30 April 2024
Contents
Page
Abridged Balance Sheet 1—2
Notes to the Abridged Financial Statements 3—5
Page 1
Abridged Balance Sheet
Registered number: 04093213
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 186,011 190,864
186,011 190,864
CURRENT ASSETS
Stocks 12,096 47,000
Debtors 1,113,551 1,011,323
Cash at bank and in hand 657,473 568,041
1,783,120 1,626,364
Creditors: Amounts Falling Due Within One Year (657,113 ) (713,420 )
NET CURRENT ASSETS (LIABILITIES) 1,126,007 912,944
TOTAL ASSETS LESS CURRENT LIABILITIES 1,312,018 1,103,808
Creditors: Amounts Falling Due After More Than One Year (59,422 ) (159,227 )
PROVISIONS FOR LIABILITIES
Deferred Taxation 6 (46,503 ) (47,716 )
NET ASSETS 1,206,093 896,865
CAPITAL AND RESERVES
Called up share capital 7 400 400
Capital redemption reserve 600 600
Profit and Loss Account 1,205,093 895,865
SHAREHOLDERS' FUNDS 1,206,093 896,865
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For the year ending 30 April 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.
All of the company's members have consented to the preparation of an Abridged Profit and Loss Account and an Abridged Balance Sheet for the year end 30 April 2024 in accordance with section 444(2A) of the Companies Act 2006.
On behalf of the board
Mr Stephen Beacham
Director
31/01/2025
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Abridged Financial Statements
1. General Information
Sharpness Shipyard and Dry Dock Limited Registered number 04093213 is a limited by shares company incorporated in England & Wales. The Registered Office is The Docks, Sharpness, Berkeley, Gloucesterhire, GL13 9UD.
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. Going Concern Disclosure
The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.
2.3. Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

In respect of long-term contracts, turnover represents the value of work done in the year, including estimates of amounts not invoiced. Turnover in respect of long-term contracts is recognised by reference to their stage of completion.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at cost less depreciation. 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 10% reducing balance
Motor Vehicles 25% reducing balance
Fixtures & Fittings 10% reducing balance
Computer Equipment 10% reducing balance
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. Financial Instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.

The Company considers evidence of impairment for these assets at both an individual asset and a collective level. All individually significant assets are individually assessed for impairment. Individual assets are impaired when objective evidence is available, including:

• significant financial difficulty of the issuer;
• a breach of contract, including default in the payment terms;
• indications that a debtor or issuer will enter bankruptcy;
• observable data indicating that there is a measurable decrease in the expected cash flows from a group of financial assets.

An impairment loss is calculated as the difference between an asset’s carrying amount and the present value of the estimated future cash flows discounted at the asset’s original effective interest rate. Losses are recognised in profit or loss and reflected in an allowance account. When the Company considers that there are no realistic prospects of recovery of the asset, the relevant amounts are written off. If the amount of impairment loss subsequently decreases and the decrease can be related objectively to an event occurring after the impairment was recognised, then the previously recognised impairment loss is reversed through profit or loss.
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2.8. Taxation
The charge for taxation takes into account taxation deferred as a result of timing differences between the treatment of certain items for taxation and accounting purposes. In general, deferred taxation is recognised in respect of timing differences that have originated but not reversed at the balance sheet date. However, deferred tax assets are recognised only to the extent that the directors consider that it is more likely than not that there will be suitable taxable profits from which the future reversal of the underlying timing differences can be deducted. Deferred taxation is measured on a non-discounted basis at the tax rates that are expected to apply in periods in which the timing differences reverse, based on tax rates and the law enacted or substantively enacted at the balance sheet date.
2.9. Pensions
The company operates a defined benefit pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
2.10. Government Grant
Government grants are recognised in the profit and loss account in an appropriate manner that matches them with the expenditure towards which they are intended to contribute.
Grants for immediate financial support or to cover costs already incurred are recognised immediately in the profit and loss account. Grants towards general activities of the entity over a specific period are recognised in the profit and loss account over that period.
Grants towards fixed assets are recognised over the expected useful lives of the related assets and are treated as deferred income and released to the profit and loss account over the useful life of the asset concerned.
All grants in the profit and loss account are recognised when all conditions for receipt have been complied with.
3. Average Number of Employees
Average number of employees, including directors, during the year was:
2024 2023
Office and administration 4 4
Manufacturing 9 9
13 13
4. Tangible Assets
Total
£
Cost
As at 1 May 2023 362,702
Additions 18,920
Disposals (8,255 )
As at 30 April 2024 373,367
Depreciation
As at 1 May 2023 171,838
Provided during the period 21,184
Disposals (5,666 )
As at 30 April 2024 187,356
Net Book Value
As at 30 April 2024 186,011
As at 1 May 2023 190,864
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5. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year 33,333 33,333
Later than one year and not later than five years 5,555 38,889
38,888 72,222
38,888 72,222
6. Deferred Taxation
The provision for deferred tax is made up as follows:
2024 2023
£ £
Other timing differences 46,503 47,716
7. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 400 400
8. Other Commitments
At the end of the period the company had minimum lease payments under non-cancellable leases as follows:
2024 2023
£ £
Not later than one year 876 876
Later than five years 1,880,000 -
1,880,876 876
9. Related Party Transactions
Sharpness Shipyard  provided goods and services to UK Cargo Masters Ltd, a company under the control of the key management personnel totalling £518 (2023 - £27,931). At the year end £724 (2023 - £102) was outstanding and included within trade debtors. During the year, UK Cargo Masters Ltd also invoiced Sharpness Shipyard £0 (2023 - £14,150) for rent and £16,641 for berth charges (2023 - £nil). At the year end, £5,760 (2023 - £nil) was unpaid and included in trade creditors. All transactions were at market value.
Sharpness Shipyard also provided goods and services to Albion Dock Company Limited, a company which shares common Directors and Shareholders, totalling £11,815 (2023 - £69,324). At the year end £2,972 (2023 - £9,838) was outstanding and included within trade debtors. During the year, Sharpness Shipyard purchased goods and services totalling £19,362 (2023 - £11,877) from Albion Dock Company Limited. At the year end, £1,354 (2023 - £nil) was unpaid and included within trade creditors. All transactions were at market value.
10. Controlling Party
The company's controlling party is S Beacham by virtue of his ownership of 62.5% of the issued share capital in the company.
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