Acorah Software Products - Accounts Production 16.2.850 false true 30 September 2023 1 October 2022 false 1 October 2023 30 September 2024 30 September 2024 04403402 Mr Christopher Allen Mr Matthew Honnor Mr Matthew Honnor iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 04403402 2023-09-30 04403402 2024-09-30 04403402 2023-10-01 2024-09-30 04403402 frs-core:CurrentFinancialInstruments 2024-09-30 04403402 frs-core:Non-currentFinancialInstruments 2024-09-30 04403402 frs-core:BetweenOneFiveYears 2024-09-30 04403402 frs-core:ComputerEquipment 2024-09-30 04403402 frs-core:ComputerEquipment 2023-10-01 2024-09-30 04403402 frs-core:ComputerEquipment 2023-09-30 04403402 frs-core:FurnitureFittings 2024-09-30 04403402 frs-core:FurnitureFittings 2023-10-01 2024-09-30 04403402 frs-core:FurnitureFittings 2023-09-30 04403402 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-09-30 04403402 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-10-01 2024-09-30 04403402 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-09-30 04403402 frs-core:PlantMachinery 2024-09-30 04403402 frs-core:PlantMachinery 2023-10-01 2024-09-30 04403402 frs-core:PlantMachinery 2023-09-30 04403402 frs-core:WithinOneYear 2024-09-30 04403402 frs-core:ShareCapital 2024-09-30 04403402 frs-core:RetainedEarningsAccumulatedLosses 2024-09-30 04403402 frs-bus:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 04403402 frs-bus:FilletedAccounts 2023-10-01 2024-09-30 04403402 frs-bus:SmallEntities 2023-10-01 2024-09-30 04403402 frs-bus:AuditExempt-NoAccountantsReport 2023-10-01 2024-09-30 04403402 frs-bus:SmallCompaniesRegimeForAccounts 2023-10-01 2024-09-30 04403402 frs-bus:OrdinaryShareClass2 2023-10-01 2024-09-30 04403402 frs-bus:OrdinaryShareClass2 2024-09-30 04403402 frs-bus:Director1 2023-10-01 2024-09-30 04403402 frs-bus:Director2 2023-10-01 2024-09-30 04403402 frs-bus:CompanySecretary1 2023-10-01 2024-09-30 04403402 frs-core:CurrentFinancialInstruments 3 2024-09-30 04403402 frs-countries:EnglandWales 2023-10-01 2024-09-30 04403402 2022-09-30 04403402 2023-09-30 04403402 2022-10-01 2023-09-30 04403402 frs-core:CurrentFinancialInstruments 2023-09-30 04403402 frs-core:Non-currentFinancialInstruments 2023-09-30 04403402 frs-core:BetweenOneFiveYears 2023-09-30 04403402 frs-core:WithinOneYear 2023-09-30 04403402 frs-core:ShareCapital 2023-09-30 04403402 frs-core:RetainedEarningsAccumulatedLosses 2023-09-30 04403402 frs-bus:OrdinaryShareClass2 2022-10-01 2023-09-30 04403402 frs-core:CurrentFinancialInstruments 3 2023-09-30
Registered number: 04403402
Bridwey Precision Manufacturing Limited
Unaudited Financial Statements
For The Year Ended 30 September 2024
Advoco (SW) Ltd
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 04403402
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 1,180,653 1,262,934
1,180,653 1,262,934
CURRENT ASSETS
Stocks 5 558,393 535,010
Debtors 6 524,972 621,510
Cash at bank and in hand 130,645 9,117
1,214,010 1,165,637
Creditors: Amounts Falling Due Within One Year 7 (1,087,751 ) (1,338,082 )
NET CURRENT ASSETS (LIABILITIES) 126,259 (172,445 )
TOTAL ASSETS LESS CURRENT LIABILITIES 1,306,912 1,090,489
Creditors: Amounts Falling Due After More Than One Year 8 (390,090 ) (553,511 )
NET ASSETS 916,822 536,978
CAPITAL AND RESERVES
Called up share capital 10 300 300
Profit and Loss Account 916,522 536,678
SHAREHOLDERS' FUNDS 916,822 536,978
Page 1
Page 2
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 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 Christopher Allen
Director
Mr Matthew Honnor
Director
23 April 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
Bridwey Precision Manufacturing Limited is a private company, limited by shares, incorporated in England & Wales, registered number 04403402 . The registered office is 14a Albany Road, Weymouth, Dorset, DT4 9TH.
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:
Leasehold Other
Plant & Machinery 15% on reducing balance
Fixtures & Fittings 15% on reducing balance
Computer Equipment 33% on reducing balance
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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 22 (2023: 22)
22 22
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4. Tangible Assets
Land & Property
Leasehold Plant & Machinery Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 October 2023 91,793 1,885,606 10,484 40,826 2,028,709
Additions - 17,707 488 - 18,195
As at 30 September 2024 91,793 1,903,313 10,972 40,826 2,046,904
Depreciation
As at 1 October 2023 - 716,656 8,853 40,266 765,775
Provided during the period - 99,974 318 184 100,476
As at 30 September 2024 - 816,630 9,171 40,450 866,251
Net Book Value
As at 30 September 2024 91,793 1,086,683 1,801 376 1,180,653
As at 1 October 2023 91,793 1,168,950 1,631 560 1,262,934
5. Stocks
2024 2023
£ £
Stock 558,393 535,010
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 513,652 609,458
Prepayments and accrued income 11,320 12,052
524,972 621,510
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 246,314 246,314
Trade creditors 194,836 239,115
Bank loans and overdrafts 393,037 501,371
Other loans 69,911 63,162
Social security and other tax 12,974 41,533
VAT 127,795 213,426
Credit Cards 5,028 8,121
Accrued expenses 36,717 22,698
Directors' loan accounts 1,139 2,342
1,087,751 1,338,082
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8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 365,163 458,676
Funding circle loan more than 1 year 24,927 94,835
390,090 553,511
9. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year 246,314 246,314
Later than one year and not later than five years 365,163 458,676
611,477 704,990
611,477 704,990
10. Share Capital
2024 2023
Allotted, called up but not fully paid £ £
300 Ordinary A of £ 1.00 each 300 300
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