Acorah Software Products - Accounts Production 16.3.350 false true 28 February 2024 1 March 2023 false 29 February 2024 28 February 2025 28 February 2025 07148987 Mr Ross Gidney Mr Ross Gidney iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 07148987 2024-02-28 07148987 2025-02-28 07148987 2024-02-29 2025-02-28 07148987 frs-core:CurrentFinancialInstruments 2025-02-28 07148987 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2024-02-29 2025-02-28 07148987 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2025-02-28 07148987 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-02-29 2025-02-28 07148987 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-02-28 07148987 frs-core:MotorVehicles 2025-02-28 07148987 frs-core:MotorVehicles 2024-02-29 2025-02-28 07148987 frs-core:MotorVehicles 2024-02-28 07148987 frs-core:PlantMachinery 2025-02-28 07148987 frs-core:PlantMachinery 2024-02-29 2025-02-28 07148987 frs-core:PlantMachinery 2024-02-28 07148987 frs-core:OtherReservesSubtotal 2025-02-28 07148987 frs-core:ShareCapital 2025-02-28 07148987 frs-core:RetainedEarningsAccumulatedLosses 2025-02-28 07148987 frs-bus:PrivateLimitedCompanyLtd 2024-02-29 2025-02-28 07148987 frs-bus:FilletedAccounts 2024-02-29 2025-02-28 07148987 frs-bus:SmallEntities 2024-02-29 2025-02-28 07148987 frs-bus:AuditExempt-NoAccountantsReport 2024-02-29 2025-02-28 07148987 frs-bus:SmallCompaniesRegimeForAccounts 2024-02-29 2025-02-28 07148987 frs-bus:Director1 2024-02-29 2025-02-28 07148987 frs-bus:CompanySecretary1 2024-02-29 2025-02-28 07148987 frs-countries:EnglandWales 2024-02-29 2025-02-28 07148987 2023-02-28 07148987 2024-02-28 07148987 2023-03-01 2024-02-28 07148987 frs-core:CurrentFinancialInstruments 2024-02-28 07148987 frs-core:OtherReservesSubtotal 2024-02-28 07148987 frs-core:ShareCapital 2024-02-28 07148987 frs-core:RetainedEarningsAccumulatedLosses 2024-02-28
Registered number: 07148987
Sound Works Services Ltd
Unaudited Financial Statements
For The Year Ended 28 February 2025
Caroline Sands & Associates LLP
Chancellor Cottage
46 Holway Road
Sheringham
Norfolk
NR26 8HR
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 07148987
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 154,220 110,340
154,220 110,340
CURRENT ASSETS
Debtors 5 180,000 188,149
Cash at bank and in hand 357,204 332,458
537,204 520,607
Creditors: Amounts Falling Due Within One Year 6 (117,958 ) (66,122 )
NET CURRENT ASSETS (LIABILITIES) 419,246 454,485
TOTAL ASSETS LESS CURRENT LIABILITIES 573,466 564,825
NET ASSETS 573,466 564,825
CAPITAL AND RESERVES
Called up share capital 7 100 100
Other reserves 480,497 480,497
Profit and Loss Account 92,869 84,228
SHAREHOLDERS' FUNDS 573,466 564,825
Page 1
Page 2
For the year ending 28 February 2025 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 Ross Gidney
Director
12/03/2025
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
Sound Works Services Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 07148987 . The registered office is 46 Holway Road, Sheringham, NR26 8HR.
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 - Other Intangible
Other intangible assets are .... 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:
Freehold 0
Plant & Machinery 15
Motor Vehicles 25
2.5. 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.
...CONTINUED
Page 3
Page 4
2.5. Taxation - continued
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 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:
2025 2024
Office and administration 1 1
1 1
4. Tangible Assets
Land & Property
Freehold Plant & Machinery Motor Vehicles Total
£ £ £ £
Cost
As at 29 February 2024 100,000 99,749 6,833 206,582
Additions 45,000 1,067 - 46,067
As at 28 February 2025 145,000 100,816 6,833 252,649
Depreciation
As at 29 February 2024 - 94,617 1,625 96,242
Provided during the period - 2,187 - 2,187
As at 28 February 2025 - 96,804 1,625 98,429
Net Book Value
As at 28 February 2025 145,000 4,012 5,208 154,220
As at 29 February 2024 100,000 5,132 5,208 110,340
Page 4
Page 5
5. Debtors
2025 2024
£ £
Due within one year
Other debtors 180,000 185,000
VAT - 3,149
180,000 188,149
6. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 3,692 4,000
Corporation tax 2,290 4,051
VAT 4,879 -
Director's loan account 107,097 58,071
117,958 66,122
7. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 100 100
Page 5