Acorah Software Products - Accounts Production 16.1.300 false true 30 September 2023 1 October 2022 false 1 October 2023 30 September 2024 30 September 2024 04908416 Mrs E Sharon-Noy iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 04908416 2023-09-30 04908416 2024-09-30 04908416 2023-10-01 2024-09-30 04908416 frs-core:CurrentFinancialInstruments 2024-09-30 04908416 frs-core:Non-currentFinancialInstruments 2024-09-30 04908416 frs-core:FurnitureFittings 2024-09-30 04908416 frs-core:FurnitureFittings 2023-10-01 2024-09-30 04908416 frs-core:FurnitureFittings 2023-09-30 04908416 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-09-30 04908416 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-10-01 2024-09-30 04908416 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-09-30 04908416 frs-core:MotorVehicles 2023-10-01 2024-09-30 04908416 frs-core:PlantMachinery 2024-09-30 04908416 frs-core:PlantMachinery 2023-10-01 2024-09-30 04908416 frs-core:PlantMachinery 2023-09-30 04908416 frs-core:ShareCapital 2024-09-30 04908416 frs-core:RetainedEarningsAccumulatedLosses 2024-09-30 04908416 frs-bus:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 04908416 frs-bus:FilletedAccounts 2023-10-01 2024-09-30 04908416 frs-bus:SmallEntities 2023-10-01 2024-09-30 04908416 frs-bus:AuditExempt-NoAccountantsReport 2023-10-01 2024-09-30 04908416 frs-bus:SmallCompaniesRegimeForAccounts 2023-10-01 2024-09-30 04908416 frs-bus:Director1 2023-10-01 2024-09-30 04908416 frs-bus:Director1 2023-09-30 04908416 frs-bus:Director1 2024-09-30 04908416 frs-countries:EnglandWales 2023-10-01 2024-09-30 04908416 2022-09-30 04908416 2023-09-30 04908416 2022-10-01 2023-09-30 04908416 frs-core:CurrentFinancialInstruments 2023-09-30 04908416 frs-core:Non-currentFinancialInstruments 2023-09-30 04908416 frs-core:ShareCapital 2023-09-30 04908416 frs-core:RetainedEarningsAccumulatedLosses 2023-09-30
Registered number: 04908416
Freeform Fabrication Limited
Financial Statements
For The Year Ended 30 September 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 04908416
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 99,417 71,744
99,417 71,744
CURRENT ASSETS
Stocks 192,437 181,195
Debtors 5 312,274 296,029
Cash at bank and in hand 4,904 30,660
509,615 507,884
Creditors: Amounts Falling Due Within One Year 6 (263,840 ) (263,822 )
NET CURRENT ASSETS (LIABILITIES) 245,775 244,062
TOTAL ASSETS LESS CURRENT LIABILITIES 345,192 315,806
Creditors: Amounts Falling Due After More Than One Year 7 (19,650 ) (28,283 )
NET ASSETS 325,542 287,523
CAPITAL AND RESERVES
Called up share capital 8 6 6
Profit and Loss Account 325,536 287,517
SHAREHOLDERS' FUNDS 325,542 287,523
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For the year ending 30 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her 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 E Sharon-Noy
Director
19/03/2025
The notes on pages 3 to 6 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Freeform Fabrication Limited is a private company, limited by shares, incorporated in England & Wales, registered number 04908416 . The registered office is Wiltron House, Meadway Technology Park, Stevenage, Hertfordshire, SG1 2EF.
The presentation currency of the financial statements is the Pound Sterling (£).
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the FRS 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.
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.
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:
Leasehold 20% straight line
Plant & Machinery 25% on cost
Motor Vehicles 25% on reducing balance
Fixtures & Fittings 25% on reducing balance
The annual depreciation charge for tangible assets is sensitive to changes in the estimated useful economic lives and residual values of the assets. The useful economic lives and residual values are reassessed annually. They are amended when necessary to reflect current estimates, future investments and the physical conditions of the assets.
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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. 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.
2.7. Taxation
Income tax expense represents the sum of the tax currently payable.
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 year 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.
Current tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current tax is also recognised in other comprehensive income or directly in equity respectively.
2.8. 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: 6 (2023: 7)
6 7
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4. Tangible Assets
Land & Property
Leasehold Plant & Machinery Fixtures & Fittings Total
£ £ £ £
Cost
As at 1 October 2023 56,530 90,997 35,587 183,114
Additions - 63,086 3,793 66,879
Disposals - (19,522 ) (119 ) (19,641 )
As at 30 September 2024 56,530 134,561 39,261 230,352
Depreciation
As at 1 October 2023 22,329 73,489 15,552 111,370
Provided during the period 11,401 21,781 5,935 39,117
Disposals - (19,522 ) (30 ) (19,552 )
As at 30 September 2024 33,730 75,748 21,457 130,935
Net Book Value
As at 30 September 2024 22,800 58,813 17,804 99,417
As at 1 October 2023 34,201 17,508 20,035 71,744
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 163,960 121,609
Other debtors 148,314 174,420
312,274 296,029
Other debtors includes £82,183 (2023 - £51,734) due from Global Address Limited, a company in which the director has an interest.
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 21,653 11,953
Trade creditors 85,946 165,831
Bank loans and overdrafts 9,935 9,600
Other creditors 57,277 11,353
Taxation and social security 89,029 65,085
263,840 263,822
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7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 13,250 12,283
Bank loans 6,400 16,000
19,650 28,283
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 6 6
9. Other Commitments
The total of future minimum lease payments under non-cancellable operating leases over the remaining life of those leases are £134,179 at 30 September 2024 (2023 - £88,920).
10. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 October 2023 Amounts advanced Amounts repaid Amounts written off As at 30 September 2024
£ £ £ £ £
Mrs Efrat Sharon-Noy 59,357 - 59,357 - -
The above loan is unsecured, interest free and repayable on demand.
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