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 NI608732 Mrs Alison Mackness Mr Bill Mackness iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure NI608732 2023-09-30 NI608732 2024-09-30 NI608732 2023-10-01 2024-09-30 NI608732 frs-core:CurrentFinancialInstruments 2024-09-30 NI608732 frs-core:Non-currentFinancialInstruments 2024-09-30 NI608732 frs-core:BetweenOneFiveYears 2024-09-30 NI608732 frs-core:ComputerEquipment 2024-09-30 NI608732 frs-core:ComputerEquipment 2023-10-01 2024-09-30 NI608732 frs-core:ComputerEquipment 2023-09-30 NI608732 frs-core:MotorVehicles 2024-09-30 NI608732 frs-core:MotorVehicles 2023-10-01 2024-09-30 NI608732 frs-core:MotorVehicles 2023-09-30 NI608732 frs-core:PlantMachinery 2024-09-30 NI608732 frs-core:PlantMachinery 2023-10-01 2024-09-30 NI608732 frs-core:PlantMachinery 2023-09-30 NI608732 frs-core:ShareCapital 2024-09-30 NI608732 frs-core:RetainedEarningsAccumulatedLosses 2024-09-30 NI608732 frs-bus:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 NI608732 frs-bus:FilletedAccounts 2023-10-01 2024-09-30 NI608732 frs-bus:SmallEntities 2023-10-01 2024-09-30 NI608732 frs-bus:AuditExempt-NoAccountantsReport 2023-10-01 2024-09-30 NI608732 frs-bus:SmallCompaniesRegimeForAccounts 2023-10-01 2024-09-30 NI608732 frs-bus:Director1 2023-10-01 2024-09-30 NI608732 frs-bus:Director2 2023-10-01 2024-09-30 NI608732 frs-countries:NorthernIreland 2023-10-01 2024-09-30 NI608732 2022-09-30 NI608732 2023-09-30 NI608732 2022-10-01 2023-09-30 NI608732 frs-core:CurrentFinancialInstruments 2023-09-30 NI608732 frs-core:Non-currentFinancialInstruments 2023-09-30 NI608732 frs-core:BetweenOneFiveYears 2023-09-30 NI608732 frs-core:ShareCapital 2023-09-30 NI608732 frs-core:RetainedEarningsAccumulatedLosses 2023-09-30
Registered number: NI608732
BHB Safety Specialists Ltd
Unaudited Financial Statements
For The Year Ended 30 September 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: NI608732
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 44,033 37,036
44,033 37,036
CURRENT ASSETS
Stocks 5 10,354 8,588
Debtors 6 110,728 134,657
Cash at bank and in hand 143,085 109,531
264,167 252,776
Creditors: Amounts Falling Due Within One Year 7 (85,959 ) (79,740 )
NET CURRENT ASSETS (LIABILITIES) 178,208 173,036
TOTAL ASSETS LESS CURRENT LIABILITIES 222,241 210,072
Creditors: Amounts Falling Due After More Than One Year 8 (22,947 ) (32,403 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (7,036 ) (7,035 )
NET ASSETS 192,258 170,634
CAPITAL AND RESERVES
Called up share capital 10 1 1
Profit and Loss Account 192,257 170,633
SHAREHOLDERS' FUNDS 192,258 170,634
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 Bill Mackness
Director
8th May 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
BHB Safety Specialists Ltd is a private company, limited by shares, incorporated in Northern Ireland, registered number NI608732 . The registered office is Karl Industrial Park, 92 Old Ballyrobin Road, Antrim, BT41 4TJ.
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 Financial Reporting Standard for Smaller Entities (effective January 2015).
2.2. Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
2.3. 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 20% Straight Line
Motor Vehicles 20% Reducing Balance
Computer Equipment 20% Straight Line
2.4. 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.
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.
2.6. Taxation
The charge for taxation takes into account taxation deferred as a result of timing differences between the treatment of certain items for taxation and accounting purposes. In general, deferred taxation is recognised in respect of timing differences that have originated but not reversed at the balance sheet date. However, deferred tax assets are recognised only to the extent that the directors consider that it is more likely than not that there will be suitable taxable profits from which the future reversal of the underlying timing differences can be deducted. Deferred taxation is measured on a non-discounted basis at the tax rates that are expected to apply in periods in which the timing differences reverse, based on tax rates and the law enacted or substantively enacted at the balance sheet date.
3. Average Number of Employees
Average number of employees, including directors, during the year was:
2024 2023
Office and administration 1 1
Sales, marketing and distribution 4 4
5 5
Page 3
Page 4
4. Tangible Assets
Plant & Machinery Motor Vehicles Computer Equipment Total
£ £ £ £
Cost
As at 1 October 2023 47,963 33,899 5,028 86,890
Additions 11,451 - - 11,451
As at 30 September 2024 59,414 33,899 5,028 98,341
Depreciation
As at 1 October 2023 36,565 8,261 5,028 49,854
Provided during the period 4,292 162 - 4,454
As at 30 September 2024 40,857 8,423 5,028 54,308
Net Book Value
As at 30 September 2024 18,557 25,476 - 44,033
As at 1 October 2023 11,398 25,638 - 37,036
5. Stocks
2024 2023
£ £
Stock 10,354 8,588
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 110,727 134,656
Other debtors 1 1
110,728 134,657
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 38,011 32,033
Bank loans and overdrafts - (580 )
Corporation tax 30,405 25,216
Other taxes and social security 3,151 4,597
VAT 11,283 17,821
Other creditors - 40
Accruals and deferred income 614 471
Directors' loan accounts 2,495 142
85,959 79,740
Page 4
Page 5
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 13,676 18,254
Bank loans 9,271 14,149
22,947 32,403
9. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Later than one year and not later than five years 13,676 18,254
10. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1 1
Page 5