Acorah Software Products - Accounts Production 16.2.850 false true 31 December 2023 1 January 2023 false 1 January 2024 31 December 2024 31 December 2024 08825400 Mr Keith Turnock iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 08825400 2023-12-31 08825400 2024-12-31 08825400 2024-01-01 2024-12-31 08825400 frs-core:CurrentFinancialInstruments 2024-12-31 08825400 frs-core:Non-currentFinancialInstruments 2024-12-31 08825400 frs-core:ComputerEquipment 2024-12-31 08825400 frs-core:ComputerEquipment 2024-01-01 2024-12-31 08825400 frs-core:ComputerEquipment 2023-12-31 08825400 frs-core:FurnitureFittings 2024-01-01 2024-12-31 08825400 frs-core:NetGoodwill 2024-12-31 08825400 frs-core:NetGoodwill 2024-01-01 2024-12-31 08825400 frs-core:NetGoodwill 2023-12-31 08825400 frs-core:MotorVehicles 2024-12-31 08825400 frs-core:MotorVehicles 2024-01-01 2024-12-31 08825400 frs-core:MotorVehicles 2023-12-31 08825400 frs-core:PlantMachinery 2024-12-31 08825400 frs-core:PlantMachinery 2024-01-01 2024-12-31 08825400 frs-core:PlantMachinery 2023-12-31 08825400 frs-core:ShareCapital 2024-12-31 08825400 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 08825400 frs-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 08825400 frs-bus:FilletedAccounts 2024-01-01 2024-12-31 08825400 frs-bus:SmallEntities 2024-01-01 2024-12-31 08825400 frs-bus:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 08825400 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 08825400 frs-bus:Director1 2024-01-01 2024-12-31 08825400 frs-countries:EnglandWales 2024-01-01 2024-12-31 08825400 2022-12-31 08825400 2023-12-31 08825400 2023-01-01 2023-12-31 08825400 frs-core:CurrentFinancialInstruments 2023-12-31 08825400 frs-core:Non-currentFinancialInstruments 2023-12-31 08825400 frs-core:ShareCapital 2023-12-31 08825400 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31
Registered number: 08825400
Adcon (Contracting) Ltd
Unaudited Financial Statements
For The Year Ended 31 December 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 08825400
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 2,000 2,000
Tangible Assets 5 12,872 7,642
14,872 9,642
CURRENT ASSETS
Debtors 6 29,048 46,950
Cash at bank and in hand 37,412 19,667
66,460 66,617
Creditors: Amounts Falling Due Within One Year 7 (14,854 ) (18,654 )
NET CURRENT ASSETS (LIABILITIES) 51,606 47,963
TOTAL ASSETS LESS CURRENT LIABILITIES 66,478 57,605
Creditors: Amounts Falling Due After More Than One Year 8 (14,074 ) (24,585 )
NET ASSETS 52,404 33,020
CAPITAL AND RESERVES
Called up share capital 10 100 100
Profit and Loss Account 52,304 32,920
SHAREHOLDERS' FUNDS 52,404 33,020
Page 1
Page 2
For the year ending 31 December 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 his 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 Keith Turnock
Director
14/04/2025
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
Adcon (Contracting) Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 08825400 . The registered office is Unit 9, Oddington Grange Farm, Oxfordshire, OX25 3QW.
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. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of 10 years.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at cost less depreciation. 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%
Motor Vehicles 25%
Fixtures & Fittings 25%
Computer Equipment 25%
2.5. Leasing and Hire Purchase Contracts
Assets obtained under hire purchase contracts and 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 2)
2 2
Page 3
Page 4
4. Intangible Assets
Goodwill
£
Cost
As at 1 January 2024 2,000
As at 31 December 2024 2,000
Net Book Value
As at 31 December 2024 2,000
As at 1 January 2024 2,000
5. Tangible Assets
Plant & Machinery Motor Vehicles Computer Equipment Total
£ £ £ £
Cost
As at 1 January 2024 15,005 5,687 408 21,100
Additions - 9,520 - 9,520
As at 31 December 2024 15,005 15,207 408 30,620
Depreciation
As at 1 January 2024 11,628 1,422 408 13,458
Provided during the period 844 3,446 - 4,290
As at 31 December 2024 12,472 4,868 408 17,748
Net Book Value
As at 31 December 2024 2,533 10,339 - 12,872
As at 1 January 2024 3,377 4,265 - 7,642
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 29,048 46,950
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 2,959 696
Other taxes and social security 4,518 1,635
VAT 919 6,515
Accruals and deferred income 3,375 3,225
Director's loan account 3,083 6,583
14,854 18,654
Page 4
Page 5
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 14,074 24,585
10. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
Page 5