Acorah Software Products - Accounts Production 16.1.200 false true 30 April 2023 1 May 2022 false 1 May 2023 30 April 2024 30 April 2024 02374058 Mr David Hillsdon Mrs Linda Hillsdon Mr Matthew Jones iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 02374058 2023-04-30 02374058 2024-04-30 02374058 2023-05-01 2024-04-30 02374058 frs-core:CurrentFinancialInstruments 2024-04-30 02374058 frs-core:Non-currentFinancialInstruments 2024-04-30 02374058 frs-core:BetweenOneFiveYears 2024-04-30 02374058 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-04-30 02374058 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 02374058 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-04-30 02374058 frs-core:PlantMachinery 2024-04-30 02374058 frs-core:PlantMachinery 2023-05-01 2024-04-30 02374058 frs-core:PlantMachinery 2023-04-30 02374058 frs-core:WithinOneYear 2024-04-30 02374058 frs-core:ShareCapital 2024-04-30 02374058 frs-core:RetainedEarningsAccumulatedLosses 2024-04-30 02374058 frs-bus:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 02374058 frs-bus:FilletedAccounts 2023-05-01 2024-04-30 02374058 frs-bus:SmallEntities 2023-05-01 2024-04-30 02374058 frs-bus:AuditExempt-NoAccountantsReport 2023-05-01 2024-04-30 02374058 frs-bus:SmallCompaniesRegimeForAccounts 2023-05-01 2024-04-30 02374058 frs-bus:Director1 2023-05-01 2024-04-30 02374058 frs-bus:Director2 2023-05-01 2024-04-30 02374058 frs-bus:CompanySecretary1 2023-05-01 2024-04-30 02374058 frs-countries:EnglandWales 2023-05-01 2024-04-30 02374058 2022-04-30 02374058 2023-04-30 02374058 2022-05-01 2023-04-30 02374058 frs-core:CurrentFinancialInstruments 2023-04-30 02374058 frs-core:Non-currentFinancialInstruments 2023-04-30 02374058 frs-core:BetweenOneFiveYears 2023-04-30 02374058 frs-core:WithinOneYear 2023-04-30 02374058 frs-core:ShareCapital 2023-04-30 02374058 frs-core:RetainedEarningsAccumulatedLosses 2023-04-30
Registered number: 02374058
Thames Valley Excavators Limited
Unaudited Financial Statements
For The Year Ended 30 April 2024
Athena Accountants & Business Advisors Ltd
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 02374058
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 809,755 502,559
809,755 502,559
CURRENT ASSETS
Stocks 5 2,315,883 2,456,964
Debtors 6 492,607 675,678
Cash at bank and in hand 111,614 243,465
2,920,104 3,376,107
Creditors: Amounts Falling Due Within One Year 7 (2,604,650 ) (2,814,561 )
NET CURRENT ASSETS (LIABILITIES) 315,454 561,546
TOTAL ASSETS LESS CURRENT LIABILITIES 1,125,209 1,064,105
Creditors: Amounts Falling Due After More Than One Year 8 (309,047 ) (326,283 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (128,438 ) (99,096 )
NET ASSETS 687,724 638,726
CAPITAL AND RESERVES
Called up share capital 10 2 2
Profit and Loss Account 687,722 638,724
SHAREHOLDERS' FUNDS 687,724 638,726
Page 1
Page 2
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.
On behalf of the board
Mr David Hillsdon
Director
11/03/2025
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Thames Valley Excavators Limited is a private company, limited by shares, incorporated in England & Wales, registered number 02374058 . The registered office is Unit C, Audlett Drive, Abingdon, Oxon, OX14 3NJ.
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:
Freehold at cost
Plant & Machinery 25% straight line
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.
2.6. Financial Instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and nonputtable
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.
2.7. Foreign Currencies
The accounts are presented in £ sterling.
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Page 4
2.8. 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.
2.9. 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.
2.10. Government Grant
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related
assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 15 (2023: 17)
15 17
4. Tangible Assets
Land & Property
Freehold Plant & Machinery Total
£ £ £
Cost
As at 1 May 2023 100,406 1,646,713 1,747,119
Additions - 589,991 589,991
Disposals - (310,645 ) (310,645 )
As at 30 April 2024 100,406 1,926,059 2,026,465
Depreciation
As at 1 May 2023 - 1,244,560 1,244,560
Provided during the period - 282,795 282,795
Disposals - (310,645 ) (310,645 )
As at 30 April 2024 - 1,216,710 1,216,710
Net Book Value
As at 30 April 2024 100,406 709,349 809,755
As at 1 May 2023 100,406 402,153 502,559
Page 4
Page 5
5. Stocks
2024 2023
£ £
Stock 2,315,883 2,456,964
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 373,467 589,805
Other debtors 119,140 85,873
492,607 675,678
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 182,721 138,121
Trade creditors 1,870,318 2,067,631
Amounts owed to group undertakings 99,925 121,000
Other creditors 5,516 23,055
Taxation and social security 446,170 464,754
2,604,650 2,814,561
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 309,047 326,283
9. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year 182,721 138,121
Later than one year and not later than five years 309,047 326,283
491,768 464,404
491,768 464,404
10. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 2 2
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