Acorah Software Products - Accounts Production 16.1.300 false true 28 February 2023 1 March 2022 false 1 March 2023 27 February 2024 27 February 2024 06812387 Mr Paul Smith Mrs Jennifer Smith Mr Paul Smith iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 06812387 2023-02-28 06812387 2024-02-27 06812387 2023-03-01 2024-02-27 06812387 frs-core:CurrentFinancialInstruments 2024-02-27 06812387 frs-core:Non-currentFinancialInstruments 2024-02-27 06812387 frs-core:BetweenOneFiveYears 2024-02-27 06812387 frs-core:FurnitureFittings 2024-02-27 06812387 frs-core:FurnitureFittings 2023-03-01 2024-02-27 06812387 frs-core:FurnitureFittings 2023-02-28 06812387 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-02-27 06812387 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-03-01 2024-02-27 06812387 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-02-28 06812387 frs-core:MotorVehicles 2024-02-27 06812387 frs-core:MotorVehicles 2023-03-01 2024-02-27 06812387 frs-core:MotorVehicles 2023-02-28 06812387 frs-core:PlantMachinery 2024-02-27 06812387 frs-core:PlantMachinery 2023-03-01 2024-02-27 06812387 frs-core:PlantMachinery 2023-02-28 06812387 frs-core:WithinOneYear 2024-02-27 06812387 frs-core:ShareCapital 2024-02-27 06812387 frs-core:RetainedEarningsAccumulatedLosses 2024-02-27 06812387 frs-bus:PrivateLimitedCompanyLtd 2023-03-01 2024-02-27 06812387 frs-bus:FilletedAccounts 2023-03-01 2024-02-27 06812387 frs-bus:SmallEntities 2023-03-01 2024-02-27 06812387 frs-bus:AuditExempt-NoAccountantsReport 2023-03-01 2024-02-27 06812387 frs-bus:SmallCompaniesRegimeForAccounts 2023-03-01 2024-02-27 06812387 frs-core:ProvisionsDeferredTax 2024-02-27 06812387 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2023-02-28 06812387 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2024-02-27 06812387 frs-core:UnlistedNon-exchangeTraded 2024-02-27 06812387 frs-core:UnlistedNon-exchangeTraded 2023-02-28 06812387 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2023-02-28 06812387 frs-core:TransfersIntoOrOutInvestmentsIncreaseDecreaseInInvestments frs-core:UnlistedNon-exchangeTraded 2024-02-27 06812387 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2024-02-27 06812387 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2023-02-28 06812387 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2024-02-27 06812387 frs-bus:Director1 2023-03-01 2024-02-27 06812387 frs-bus:Director1 2023-02-28 06812387 frs-bus:Director1 2024-02-27 06812387 frs-bus:Director2 2023-03-01 2024-02-27 06812387 frs-bus:Director2 2023-02-28 06812387 frs-bus:Director2 2024-02-27 06812387 frs-bus:CompanySecretary1 2023-03-01 2024-02-27 06812387 frs-countries:EnglandWales 2023-03-01 2024-02-27 06812387 2022-02-28 06812387 2023-02-28 06812387 2022-03-01 2023-02-28 06812387 frs-core:CurrentFinancialInstruments 2023-02-28 06812387 frs-core:Non-currentFinancialInstruments 2023-02-28 06812387 frs-core:BetweenOneFiveYears 2023-02-28 06812387 frs-core:MotorVehicles 2022-03-01 2023-02-28 06812387 frs-core:PlantMachinery 2022-03-01 2023-02-28 06812387 frs-core:WithinOneYear 2023-02-28 06812387 frs-core:ShareCapital 2023-02-28 06812387 frs-core:RetainedEarningsAccumulatedLosses 2023-02-28 06812387 frs-core:ProvisionsDeferredTax 2023-02-28 06812387 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2023-02-28
Registered number: 06812387
Build Plumb Plastics Ltd
Unaudited Financial Statements
For The Year Ended 27 February 2024
Accountants247 Limited
Suite 205 - 209 Malthouse Business Park
48 Southport Road
Ormskirk
Lancs
L39 1QR
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—7
Page 1
Balance Sheet
Registered number: 06812387
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 3 135,112 72,986
Investments 4 - 68,789
135,112 141,775
CURRENT ASSETS
Stocks 5 298,668 289,835
Debtors 6 527,647 472,616
Cash at bank and in hand 394,962 572,132
1,221,277 1,334,583
Creditors: Amounts Falling Due Within One Year 7 (710,076 ) (668,619 )
NET CURRENT ASSETS (LIABILITIES) 511,201 665,964
TOTAL ASSETS LESS CURRENT LIABILITIES 646,313 807,739
Creditors: Amounts Falling Due After More Than One Year 8 (121,704 ) (162,804 )
PROVISIONS FOR LIABILITIES
Deferred Taxation 10 (20,376 ) (1,085 )
NET ASSETS 504,233 643,850
CAPITAL AND RESERVES
Called up share capital 11 1,000 1,000
Fair value reserve 13 - 54,379
Profit and Loss Account 503,233 588,471
SHAREHOLDERS' FUNDS 504,233 643,850
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For the year ending 27 February 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 Jennifer Smith
Director
07/03/2025
The notes on pages 3 to 7 form part of these financial statements.
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Notes to the Financial Statements
1. Accounting Policies
1.1. 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.
1.2. 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.
1.3. 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 15% Reducing Balance
Plant & Machinery 15% Reducing Balance
Motor Vehicles 18% Reducing Balance
Fixtures & Fittings 15% Reducing Balance
1.4. Investment Properties
All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.
1.5. 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.
1.6. 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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1.7. 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 and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
2. Average Number of Employees
Average number of employees, including directors, during the year was as follows: 7 (2023: 11)
7 11
3. Tangible Assets
Land & Property
Freehold Plant & Machinery Motor Vehicles Fixtures & Fittings Total
£ £ £ £ £
Cost
As at 1 March 2023 26,203 24,638 116,518 22,876 190,235
Additions - - 86,479 6,004 92,483
Disposals - - (23,027 ) - (23,027 )
As at 27 February 2024 26,203 24,638 179,970 28,880 259,691
Depreciation
As at 1 March 2023 21,226 10,714 73,536 11,773 117,249
Provided during the period 746 2,089 20,726 1,740 25,301
Disposals - - (17,971 ) - (17,971 )
As at 27 February 2024 21,972 12,803 76,291 13,513 124,579
Net Book Value
As at 27 February 2024 4,231 11,835 103,679 15,367 135,112
As at 1 March 2023 4,977 13,924 42,982 11,103 72,986
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Included above are assets held under finance leases or hire purchase contracts with a net book value as follows: 
2024 2023
£ £
Plant & Machinery 11,265 13,253
Motor Vehicles 72,579 -
83,844 13,253
4. Investments
Unlisted
£
Cost
As at 1 March 2023 68,789
Transfers (68,789 )
As at 27 February 2024 -
Provision
As at 1 March 2023 -
As at 27 February 2024 -
Net Book Value
As at 27 February 2024 -
As at 1 March 2023 68,789
5. Stocks
2024 2023
£ £
Stock 298,668 289,835
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 15,037 5,860
Other debtors 512,610 466,756
527,647 472,616
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 27,686 3,735
Trade creditors 564,632 315,256
Bank loans and overdrafts 90,682 147,733
Other creditors 12,691 44,412
Taxation and social security 14,385 157,483
710,076 668,619
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8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 51,935 7,324
Bank loans 69,769 155,480
121,704 162,804
9. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The maturity of these amounts is as follows:
Within one year 27,686 3,735
Between one and five years 51,935 7,324
79,621 11,059
79,621 11,059
10. Deferred Taxation
The provision for deferred tax is made up as follows:
2024 2023
£ £
Deferred Tax 20,376 1,085
11. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1,000 1,000
12. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 March 2023 Amounts advanced Amounts repaid Amounts written off As at 27 February 2024
£ £ £ £ £
Mr Paul Smith 28,127 349,652 113,895 - 263,884
Mrs Jennifer Smith 12,669 349,652 113,895 - 248,426
The above loan is unsecured, interest free and repayable on demand.
13. Reserves
Fair Value Reserve
£
As at 1 March 2023 54,379
Movements in fair value reserve (54,379)
As at 27 February 2024 -
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14. General Information
Build Plumb Plastics Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 06812387 . The registered office is Unit 10 Harwich Industrial Estate, Europa Way, Harwich, England, CO12 4PT.
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