Acorah Software Products - Accounts Production 16.1.300 false true 31 March 2023 1 April 2022 false 1 April 2023 31 March 2024 31 March 2024 11247049 Mr J Edmunds Mr M Ramsay iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 11247049 2023-03-31 11247049 2024-03-31 11247049 2023-04-01 2024-03-31 11247049 frs-core:CurrentFinancialInstruments 2024-03-31 11247049 frs-core:Non-currentFinancialInstruments 2024-03-31 11247049 frs-core:BetweenOneFiveYears 2024-03-31 11247049 frs-core:ComputerEquipment 2024-03-31 11247049 frs-core:ComputerEquipment 2023-04-01 2024-03-31 11247049 frs-core:ComputerEquipment 2023-03-31 11247049 frs-core:PlantMachinery 2024-03-31 11247049 frs-core:PlantMachinery 2023-04-01 2024-03-31 11247049 frs-core:PlantMachinery 2023-03-31 11247049 frs-core:WithinOneYear 2024-03-31 11247049 frs-core:ShareCapital 2024-03-31 11247049 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 11247049 frs-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 11247049 frs-bus:FilletedAccounts 2023-04-01 2024-03-31 11247049 frs-bus:SmallEntities 2023-04-01 2024-03-31 11247049 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 11247049 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 11247049 frs-bus:Director1 2023-04-01 2024-03-31 11247049 frs-bus:Director2 2023-04-01 2024-03-31 11247049 frs-core:CurrentFinancialInstruments 1 2024-03-31 11247049 frs-countries:EnglandWales 2023-04-01 2024-03-31 11247049 2022-03-31 11247049 2023-03-31 11247049 2022-04-01 2023-03-31 11247049 frs-core:CurrentFinancialInstruments 2023-03-31 11247049 frs-core:Non-currentFinancialInstruments 2023-03-31 11247049 frs-core:BetweenOneFiveYears 2023-03-31 11247049 frs-core:WithinOneYear 2023-03-31 11247049 frs-core:ShareCapital 2023-03-31 11247049 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31 11247049 frs-core:CurrentFinancialInstruments 1 2023-03-31
Registered number: 11247049
Bluefield Geoservices Ltd
Unaudited Financial Statements
For The Year Ended 31 March 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 11247049
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 338,595 386,605
338,595 386,605
CURRENT ASSETS
Stocks 5 394,241 -
Debtors 6 925,094 1,031,707
Cash at bank and in hand 20,348 457,858
1,339,683 1,489,565
Creditors: Amounts Falling Due Within One Year 7 (362,674 ) (1,148,538 )
NET CURRENT ASSETS (LIABILITIES) 977,009 341,027
TOTAL ASSETS LESS CURRENT LIABILITIES 1,315,604 727,632
Creditors: Amounts Falling Due After More Than One Year 8 (96,760 ) (27,488 )
NET ASSETS 1,218,844 700,144
CAPITAL AND RESERVES
Called up share capital 10 100 100
Profit and Loss Account 1,218,744 700,044
SHAREHOLDERS' FUNDS 1,218,844 700,144
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
Mr J Edmunds
Director
07/03/2025
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
Bluefield Geoservices Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 11247049 . The registered office is The Guild Hub, High Street, Bath, BA1 5EB.
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
Computer Equipment over 3 years
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. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 7 (2023: 7)
7 7
Page 3
Page 4
4. Tangible Assets
Plant & Machinery Computer Equipment Total
£ £ £
Cost
As at 1 April 2023 451,496 4,625 456,121
Additions - 11,011 11,011
As at 31 March 2024 451,496 15,636 467,132
Depreciation
As at 1 April 2023 67,639 1,877 69,516
Provided during the period 57,578 1,443 59,021
As at 31 March 2024 125,217 3,320 128,537
Net Book Value
As at 31 March 2024 326,279 12,316 338,595
As at 1 April 2023 383,857 2,748 386,605
5. Stocks
2024 2023
£ £
Stock 1,443 -
Work in progress 392,798 -
394,241 -
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 434,092 141,675
Prepayments and accrued income 6,733 10,537
Intercompany Loan 418,651 667,772
Projects in progress 17,202 -
VAT 48,416 211,723
925,094 1,031,707
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 102,941 -
Trade creditors 141,405 1,113,860
Bank loans and overdrafts 26,213 8,641
Other loans 50,000 -
Other taxes and social security 31,788 15,971
Other creditors 1,119 858
Accruals and deferred income 9,208 9,208
362,674 1,148,538
Page 4
Page 5
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 96,760 -
Bank loans - 27,488
96,760 27,488
9. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year 102,941 -
Later than one year and not later than five years 96,760 -
199,701 -
199,701 -
10. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
Page 5