Acorah Software Products - Accounts Production 16.2.800 false true 31 March 2023 1 April 2022 false 1 April 2023 31 March 2024 31 March 2024 08129464 Mr John Divall Mr Luke Divall iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 08129464 2023-03-31 08129464 2024-03-31 08129464 2023-04-01 2024-03-31 08129464 frs-core:CurrentFinancialInstruments 2024-03-31 08129464 frs-core:Non-currentFinancialInstruments 2024-03-31 08129464 frs-core:BetweenOneFiveYears 2024-03-31 08129464 frs-core:ComputerEquipment 2024-03-31 08129464 frs-core:ComputerEquipment 2023-04-01 2024-03-31 08129464 frs-core:ComputerEquipment 2023-03-31 08129464 frs-core:FurnitureFittings 2024-03-31 08129464 frs-core:FurnitureFittings 2023-04-01 2024-03-31 08129464 frs-core:FurnitureFittings 2023-03-31 08129464 frs-core:MotorVehicles 2024-03-31 08129464 frs-core:MotorVehicles 2023-04-01 2024-03-31 08129464 frs-core:MotorVehicles 2023-03-31 08129464 frs-core:PlantMachinery 2024-03-31 08129464 frs-core:PlantMachinery 2023-04-01 2024-03-31 08129464 frs-core:PlantMachinery 2023-03-31 08129464 frs-core:WithinOneYear 2024-03-31 08129464 frs-core:ShareCapital 2024-03-31 08129464 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 08129464 frs-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 08129464 frs-bus:FilletedAccounts 2023-04-01 2024-03-31 08129464 frs-bus:SmallEntities 2023-04-01 2024-03-31 08129464 frs-bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 08129464 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 08129464 frs-bus:Director1 2023-04-01 2024-03-31 08129464 frs-bus:Director1 2023-03-31 08129464 frs-bus:Director1 2024-03-31 08129464 frs-bus:Director2 2023-04-01 2024-03-31 08129464 frs-countries:EnglandWales 2023-04-01 2024-03-31 08129464 2022-03-31 08129464 2023-03-31 08129464 2022-04-01 2023-03-31 08129464 frs-core:CurrentFinancialInstruments 2023-03-31 08129464 frs-core:Non-currentFinancialInstruments 2023-03-31 08129464 frs-core:BetweenOneFiveYears 2023-03-31 08129464 frs-core:WithinOneYear 2023-03-31 08129464 frs-core:ShareCapital 2023-03-31 08129464 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31
Registered number: 08129464
Bexley Plumbing UK Ltd
Financial Statements
For The Year Ended 31 March 2024
C K R
Chartered Certified Accountants
C K R House
70 East Hill
Dartford
Kent
DA1 1RZ
Contents
Page
Accountants' Report 1
Balance Sheet 2—3
Notes to the Financial Statements 4—7
Page 1
Accountants' Report
Report to the directors on the preparation of the unaudited statutory accounts of Bexley Plumbing UK Ltd For The Year Ended 31 March 2024
To assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Bexley Plumbing UK Ltd which comprise the Profit and Loss Account, the Balance Sheet and the related notes, from the company’s accounting records and from information and explanations you have given us.
As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/en/member/professional-standards/rules-standards/acca-rulebook.html.
This report is made to the directors of Bexley Plumbing UK Ltd , as a body, in accordance with the terms of our engagement letter dated . Our work has been undertaken solely to prepare for your approval the accounts of Bexley Plumbing UK Ltd and state those matters that we have agreed to state to the directors of Bexley Plumbing UK Ltd , as a body, in this report in accordance with the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Bexley Plumbing UK Ltd and its directors as a body for our work or for this report.
It is your duty to ensure that Bexley Plumbing UK Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit or loss of Bexley Plumbing UK Ltd . You consider that Bexley Plumbing UK Ltd is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Bexley Plumbing UK Ltd . For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the financial statements.
Signed
CKR
26 March 2025
C K R
Chartered Certified Accountants
C K R House
70 East Hill
Dartford
Kent
DA1 1RZ
Page 1
Page 2
Balance Sheet
Registered number: 08129464
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 45,418 59,683
45,418 59,683
CURRENT ASSETS
Stocks 5 2,025 5,500
Debtors 6 89,041 78,023
Cash at bank and in hand 87 765
91,153 84,288
Creditors: Amounts Falling Due Within One Year 7 (86,920 ) (79,086 )
NET CURRENT ASSETS (LIABILITIES) 4,233 5,202
TOTAL ASSETS LESS CURRENT LIABILITIES 49,651 64,885
Creditors: Amounts Falling Due After More Than One Year 8 (47,213 ) (63,308 )
NET ASSETS 2,438 1,577
CAPITAL AND RESERVES
Called up share capital 10 100 100
Profit and Loss Account 2,338 1,477
SHAREHOLDERS' FUNDS 2,438 1,577
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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 John Divall
Director
26 March 2025
The notes on pages 4 to 7 form part of these financial statements.
Page 3
Page 4
Notes to the Financial Statements
1. General Information
Bexley Plumbing UK Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 08129464 . The registered office is CKR HOUSE, 70 EAST HILL, DARTFORD, KENT, DA1 1RZ.
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 25% Reducing balance basis
Motor Vehicles 25% Reducing balance basis
Fixtures & Fittings 25% Reducing balance basis
Computer Equipment 25% Reducing balance basis
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.
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2.6. 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 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.
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 asset reflects 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 or deferred 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 and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
2.7. 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: 2 (2023: 2)
2 2
4. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 April 2023 4,606 88,122 599 1,387 94,714
Additions - 37,882 - - 37,882
Disposals - (59,838 ) - - (59,838 )
As at 31 March 2024 4,606 66,166 599 1,387 72,758
Depreciation
As at 1 April 2023 3,534 29,904 409 1,184 35,031
Provided during the period 269 14,774 48 51 15,142
Disposals - (22,833 ) - - (22,833 )
As at 31 March 2024 3,803 21,845 457 1,235 27,340
Net Book Value
As at 31 March 2024 803 44,321 142 152 45,418
As at 1 April 2023 1,072 58,218 190 203 59,683
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5. Stocks
2024 2023
£ £
Finished goods 2,025 5,500
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 36,934 3,158
CIS tax suffered 43,302 49,231
Corporation tax recoverable assets 8,805 8,805
VAT - 2,133
Directors' loan accounts - 14,696
89,041 78,023
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 27,367 8,592
Trade creditors 69 -
Bank loans and overdrafts 13,154 8,931
Corporation tax 33,807 38,133
Other taxes and social security 99 7,713
VAT 131 -
Other creditors 1,960 -
Accruals 8,217 15,717
Directors' loan accounts 2,116 -
86,920 79,086
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 39,213 49,752
Bank loans 8,000 13,556
47,213 63,308
9. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year 27,367 8,592
Later than one year and not later than five years 39,213 49,752
66,580 58,344
66,580 58,344
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10. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
11. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 April 2023 Amounts advanced Amounts repaid Amounts written off As at 31 March 2024
£ £ £ £ £
Mr John Divall 14,696 - 14,696 - -
The above loan is unsecured, interest free and repayable on demand.
12. Dividends
2024 2023
£ £
On equity shares:
Final dividend paid 31,000 40,000
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