Acorah Software Products - Accounts Production 16.1.300 false true 31 July 2023 1 August 2022 false 1 August 2023 31 July 2024 31 July 2024 03401195 Mr Matthew Stobart Mr David Thomas Mr Anthony Smith iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 03401195 2023-07-31 03401195 2024-07-31 03401195 2023-08-01 2024-07-31 03401195 frs-core:CurrentFinancialInstruments 2024-07-31 03401195 frs-core:NetGoodwill 2024-07-31 03401195 frs-core:NetGoodwill 2023-08-01 2024-07-31 03401195 frs-core:NetGoodwill 2023-07-31 03401195 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-07-31 03401195 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-08-01 2024-07-31 03401195 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-07-31 03401195 frs-core:MotorVehicles 2024-07-31 03401195 frs-core:MotorVehicles 2023-08-01 2024-07-31 03401195 frs-core:MotorVehicles 2023-07-31 03401195 frs-core:PlantMachinery 2024-07-31 03401195 frs-core:PlantMachinery 2023-08-01 2024-07-31 03401195 frs-core:PlantMachinery 2023-07-31 03401195 frs-core:RevaluationReserve 2023-07-31 03401195 frs-core:RevaluationReserve 2024-07-31 03401195 frs-core:ShareCapital 2024-07-31 03401195 frs-core:RetainedEarningsAccumulatedLosses 2024-07-31 03401195 frs-bus:PrivateLimitedCompanyLtd 2023-08-01 2024-07-31 03401195 frs-bus:FilletedAccounts 2023-08-01 2024-07-31 03401195 frs-bus:SmallEntities 2023-08-01 2024-07-31 03401195 frs-bus:AuditExempt-NoAccountantsReport 2023-08-01 2024-07-31 03401195 frs-bus:SmallCompaniesRegimeForAccounts 2023-08-01 2024-07-31 03401195 frs-bus:Director1 2023-08-01 2024-07-31 03401195 frs-bus:Director2 2023-08-01 2024-07-31 03401195 frs-bus:CompanySecretary1 2023-08-01 2024-07-31 03401195 frs-countries:EnglandWales 2023-08-01 2024-07-31 03401195 2022-07-31 03401195 2023-07-31 03401195 2022-08-01 2023-07-31 03401195 frs-core:CurrentFinancialInstruments 2023-07-31 03401195 frs-core:RevaluationReserve 2023-07-31 03401195 frs-core:ShareCapital 2023-07-31 03401195 frs-core:RetainedEarningsAccumulatedLosses 2023-07-31
Registered number: 03401195
S & C Thermofluids (Stobart Division) Limited
Unaudited Financial Statements
For The Year Ended 31 July 2024
Contents
Page
Statement of Financial Position 1—2
Notes to the Financial Statements 3—5
Page 1
Statement of Financial Position
Registered number: 03401195
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 5 140,405 141,802
140,405 141,802
CURRENT ASSETS
Stocks 6 20,113 18,963
Debtors 7 79,330 67,868
Cash at bank and in hand 5,058 17,236
104,501 104,067
Creditors: Amounts Falling Due Within One Year 8 (70,670 ) (69,195 )
NET CURRENT ASSETS (LIABILITIES) 33,831 34,872
TOTAL ASSETS LESS CURRENT LIABILITIES 174,236 176,674
NET ASSETS 174,236 176,674
CAPITAL AND RESERVES
Called up share capital 9 100 100
Revaluation reserve 10 52,905 52,905
Income Statement 121,231 123,669
SHAREHOLDERS' FUNDS 174,236 176,674
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For the year ending 31 July 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 Income Statement.
On behalf of the board
Mr Matthew Stobart
Director
21st February 2025
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
S & C Thermofluids (Stobart Division) Limited is a private company, limited by shares, incorporated in England & Wales, registered number 03401195 . The registered office is Unit K, Bartles Industrial Estate, North Street, Redruth, Cornwall, TR15 1HR.
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 income statement over its estimated economic life.
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:
Freehold 2% straightline
Plant & Machinery 25% reducing balance
Motor Vehicles 25% reducing balance
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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 6 (2023: 6)
6 6
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4. Intangible Assets
Goodwill
£
Cost
As at 1 August 2023 6,500
As at 31 July 2024 6,500
Amortisation
As at 1 August 2023 6,500
As at 31 July 2024 6,500
Net Book Value
As at 31 July 2024 -
As at 1 August 2023 -
5. Tangible Assets
Land & Property
Freehold Plant & Machinery Motor Vehicles Total
£ £ £ £
Cost
As at 1 August 2023 124,174 103,277 10,567 238,018
Additions 5,039 3,354 - 8,393
As at 31 July 2024 129,213 106,631 10,567 246,411
Depreciation
As at 1 August 2023 13,458 77,058 5,700 96,216
Provided during the period 1,178 7,395 1,217 9,790
As at 31 July 2024 14,636 84,453 6,917 106,006
Net Book Value
As at 31 July 2024 114,577 22,178 3,650 140,405
As at 1 August 2023 110,716 26,219 4,867 141,802
6. Stocks
2024 2023
£ £
Materials 500 425
Work in progress 19,613 18,538
20,113 18,963
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7. Debtors
2024 2023
£ £
Due within one year
Trade debtors 10,636 8,884
Prepayments and accrued income 848 860
Corporation tax recoverable assets 2,762 -
Amounts owed by group undertakings 65,084 58,124
79,330 67,868
8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 4,953 3,999
Bank loans and overdrafts 9,007 -
Other taxes and social security 3,818 3,538
VAT 21,336 20,394
Other creditors 25,387 35,107
Accruals and deferred income 1,180 1,180
Directors' loan accounts 4,989 4,977
70,670 69,195
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
10. Reserves
Revaluation Reserve
£
As at 1 August 2023 52,905
As at 31 July 2024 52,905
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