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 09375649 Ms Anna Waugh Mr James Hellewell Ms Sarah Clayton iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 09375649 2024-03-31 09375649 2025-03-31 09375649 2024-04-01 2025-03-31 09375649 frs-core:CurrentFinancialInstruments 2025-03-31 09375649 frs-core:ComputerEquipment 2025-03-31 09375649 frs-core:ComputerEquipment 2024-04-01 2025-03-31 09375649 frs-core:ComputerEquipment 2024-03-31 09375649 frs-core:FurnitureFittings 2025-03-31 09375649 frs-core:FurnitureFittings 2024-04-01 2025-03-31 09375649 frs-core:FurnitureFittings 2024-03-31 09375649 frs-core:NetGoodwill 2025-03-31 09375649 frs-core:NetGoodwill 2024-04-01 2025-03-31 09375649 frs-core:NetGoodwill 2024-03-31 09375649 frs-core:MotorVehicles 2025-03-31 09375649 frs-core:MotorVehicles 2024-04-01 2025-03-31 09375649 frs-core:MotorVehicles 2024-03-31 09375649 frs-core:PlantMachinery 2025-03-31 09375649 frs-core:PlantMachinery 2024-04-01 2025-03-31 09375649 frs-core:PlantMachinery 2024-03-31 09375649 frs-core:ShareCapital 2025-03-31 09375649 frs-core:RetainedEarningsAccumulatedLosses 2025-03-31 09375649 frs-bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 09375649 frs-bus:FilletedAccounts 2024-04-01 2025-03-31 09375649 frs-bus:SmallEntities 2024-04-01 2025-03-31 09375649 frs-bus:AuditExempt-NoAccountantsReport 2024-04-01 2025-03-31 09375649 frs-bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 09375649 frs-bus:Director1 2024-04-01 2025-03-31 09375649 frs-bus:Director2 2024-04-01 2025-03-31 09375649 frs-bus:Director3 2024-04-01 2025-03-31 09375649 frs-core:CurrentFinancialInstruments 4 2025-03-31 09375649 frs-countries:EnglandWales 2024-04-01 2025-03-31 09375649 2023-03-31 09375649 2024-03-31 09375649 2023-04-01 2024-03-31 09375649 frs-core:CurrentFinancialInstruments 2024-03-31 09375649 frs-core:ShareCapital 2024-03-31 09375649 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 09375649 frs-core:CurrentFinancialInstruments 3 2024-03-31 09375649 frs-core:CurrentFinancialInstruments 4 2024-03-31
Registered number: 09375649
Simple Stuff Works Associates Ltd
Unaudited Financial Statements
For The Year Ended 31 March 2025
Eyre & Co Accountants Limited
16 Castlegate
Tickhill
Doncaster
DN11 9QU
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 09375649
2025 2024
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 1 1
Tangible Assets 5 7,378 20,737
7,379 20,738
CURRENT ASSETS
Stocks 6 232,378 214,893
Debtors 7 248,843 182,161
Cash at bank and in hand 186,076 199,725
667,297 596,779
Creditors: Amounts Falling Due Within One Year 8 (305,777 ) (335,755 )
NET CURRENT ASSETS (LIABILITIES) 361,520 261,024
TOTAL ASSETS LESS CURRENT LIABILITIES 368,899 281,762
PROVISIONS FOR LIABILITIES
Deferred Taxation (1,708 ) (1,708 )
NET ASSETS 367,191 280,054
CAPITAL AND RESERVES
Called up share capital 9 6 6
Profit and Loss Account 367,185 280,048
SHAREHOLDERS' FUNDS 367,191 280,054
Page 1
Page 2
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 James Hellewell
Director
24/04/2025
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
Simple Stuff Works Associates Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 09375649 . The registered office is 482 Manchester Road 482 Manchester Road, Stocksbridge, Sheffield, South Yorkshire, S36 2DU.
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
Fixtures & Fittings 15% reducing balance
Computer Equipment 50% straight line
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
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.
...CONTINUED
Page 3
Page 4
2.6. Taxation - continued
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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 10 (2024: 10)
10 10
4. Intangible Assets
Goodwill
£
Cost
As at 1 April 2024 1
As at 31 March 2025 1
Net Book Value
As at 31 March 2025 1
As at 1 April 2024 1
5. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 April 2024 32,980 15,000 8,575 56,969 113,524
Additions 917 - 1,418 - 2,335
Disposals (12,372 ) (15,000 ) - - (27,372 )
As at 31 March 2025 21,525 - 9,993 56,969 88,487
Depreciation
As at 1 April 2024 12,627 19,594 5,713 54,853 92,787
Provided during the period 4,751 - 2,367 798 7,916
Disposals - (19,594 ) - - (19,594 )
As at 31 March 2025 17,378 - 8,080 55,651 81,109
Net Book Value
As at 31 March 2025 4,147 - 1,913 1,318 7,378
As at 1 April 2024 20,353 (4,594 ) 2,862 2,116 20,737
6. Stocks
2025 2024
£ £
Stock 232,378 214,893
Page 4
Page 5
7. Debtors
2025 2024
£ £
Due within one year
Trade debtors 186,707 125,494
Prepayments and accrued income 8,069 2,600
Other debtors 54,067 54,067
248,843 182,161
8. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 67,856 32,148
Corporation tax 101,684 111,459
Other taxes and social security 20,437 17,355
VAT 11,601 9,238
Net wages 44 -
CBILS Loan - 39,420
Invoice Finance Creditor 104,155 66,135
Directors' loan accounts - 60,000
305,777 335,755
9. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 6 6
Page 5