Acorah Software Products - Accounts Production 16.3.350 false true 31 March 2024 1 April 2023 false 1 April 2024 31 March 2025 31 March 2025 11332187 Mr Clint Smith Mr Jarvis Smith iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 11332187 2024-03-31 11332187 2025-03-31 11332187 2024-04-01 2025-03-31 11332187 frs-core:CurrentFinancialInstruments 2025-03-31 11332187 frs-core:Non-currentFinancialInstruments 2025-03-31 11332187 frs-core:NetGoodwill 2025-03-31 11332187 frs-core:NetGoodwill 2024-04-01 2025-03-31 11332187 frs-core:NetGoodwill 2024-03-31 11332187 frs-core:MotorVehicles 2025-03-31 11332187 frs-core:MotorVehicles 2024-04-01 2025-03-31 11332187 frs-core:MotorVehicles 2024-03-31 11332187 frs-core:PlantMachinery 2025-03-31 11332187 frs-core:PlantMachinery 2024-04-01 2025-03-31 11332187 frs-core:PlantMachinery 2024-03-31 11332187 frs-core:WithinOneYear 2025-03-31 11332187 frs-core:ShareCapital 2025-03-31 11332187 frs-core:RetainedEarningsAccumulatedLosses 2025-03-31 11332187 frs-bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 11332187 frs-bus:FilletedAccounts 2024-04-01 2025-03-31 11332187 frs-bus:SmallEntities 2024-04-01 2025-03-31 11332187 frs-bus:AuditExempt-NoAccountantsReport 2024-04-01 2025-03-31 11332187 frs-bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 11332187 frs-bus:Director1 2024-04-01 2025-03-31 11332187 frs-bus:Director2 2024-04-01 2025-03-31 11332187 frs-countries:EnglandWales 2024-04-01 2025-03-31 11332187 2023-03-31 11332187 2024-03-31 11332187 2023-04-01 2024-03-31 11332187 frs-core:CurrentFinancialInstruments 2024-03-31 11332187 frs-core:Non-currentFinancialInstruments 2024-03-31 11332187 frs-core:BetweenOneFiveYears 2024-03-31 11332187 frs-core:WithinOneYear 2024-03-31 11332187 frs-core:ShareCapital 2024-03-31 11332187 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31
Registered number: 11332187
Smith Scaffolding South West Ltd
Unaudited Financial Statements
For The Year Ended 31 March 2025
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 11332187
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 5 64,144 48,571
64,144 48,571
CURRENT ASSETS
Debtors 6 6,144 17,150
Cash at bank and in hand 27,182 35,145
33,326 52,295
Creditors: Amounts Falling Due Within One Year 7 (29,086 ) (25,683 )
NET CURRENT ASSETS (LIABILITIES) 4,240 26,612
TOTAL ASSETS LESS CURRENT LIABILITIES 68,384 75,183
Creditors: Amounts Falling Due After More Than One Year 8 (11,547 ) (39,064 )
NET ASSETS 56,837 36,119
CAPITAL AND RESERVES
Called up share capital 10 1 1
Profit and Loss Account 56,836 36,118
SHAREHOLDERS' FUNDS 56,837 36,119
Page 1
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For the year ending 31 March 2025 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 Jarvis Smith
Director
7 April 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
Smith Scaffolding South West Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 11332187 . The registered office is 24 Stoney Hill, Abbotskerswell, Newton Abbot, Devon, TQ12 5LH.
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 .... years.
2.4. 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
Motor Vehicles 25% Reducing Balance
2.5. 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.
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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 years 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 assets reflect 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 and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2024: 2)
2 2
4. Intangible Assets
Goodwill
£
Cost
As at 1 April 2024 10,000
As at 31 March 2025 10,000
Amortisation
As at 1 April 2024 10,000
As at 31 March 2025 10,000
Net Book Value
As at 31 March 2025 -
As at 1 April 2024 -
5. Tangible Assets
Plant & Machinery Motor Vehicles Total
£ £ £
Cost
As at 1 April 2024 33,856 48,995 82,851
Additions 20,763 12,910 33,673
As at 31 March 2025 54,619 61,905 116,524
...CONTINUED
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Depreciation
As at 1 April 2024 12,218 22,062 34,280
Provided during the period 8,140 9,960 18,100
As at 31 March 2025 20,358 32,022 52,380
Net Book Value
As at 31 March 2025 34,261 29,883 64,144
As at 1 April 2024 21,638 26,933 48,571
6. Debtors
2025 2024
£ £
Due within one year
Trade debtors 3,809 16,842
Other debtors - 79
Corporation tax recoverable assets - 229
Other taxes and social security 2,335 -
6,144 17,150
7. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Net obligations under finance lease and hire purchase contracts 3,625 -
Bank loans and overdrafts 2,777 -
Corporation tax 17,138 14,535
VAT 3,546 9,148
Accruals and deferred income 2,000 2,000
29,086 25,683
8. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Net obligations under finance lease and hire purchase contracts - 6,184
Bank loans 10,937 16,307
Directors loan account 610 16,573
11,547 39,064
9. Obligations Under Finance Leases and Hire Purchase
2025 2024
£ £
The future minimum finance lease payments are as follows:
Not later than one year 3,625 -
Later than one year and not later than five years - 6,184
3,625 6,184
3,625 6,184
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10. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 1 1
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