Acorah Software Products - Accounts Production 16.3.350 false true 31 August 2023 1 September 2022 false 1 September 2023 31 August 2024 31 August 2024 05526646 Mr Ian Judd Mr Gary Finlay iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 05526646 2023-08-31 05526646 2024-08-31 05526646 2023-09-01 2024-08-31 05526646 frs-core:CurrentFinancialInstruments 2024-08-31 05526646 frs-core:Non-currentFinancialInstruments 2024-08-31 05526646 frs-core:FurnitureFittings 2024-08-31 05526646 frs-core:FurnitureFittings 2023-09-01 2024-08-31 05526646 frs-core:FurnitureFittings 2023-08-31 05526646 frs-core:PlantMachinery 2024-08-31 05526646 frs-core:PlantMachinery 2023-09-01 2024-08-31 05526646 frs-core:PlantMachinery 2023-08-31 05526646 frs-core:ShareCapital 2024-08-31 05526646 frs-core:RetainedEarningsAccumulatedLosses 2024-08-31 05526646 frs-bus:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 05526646 frs-bus:FilletedAccounts 2023-09-01 2024-08-31 05526646 frs-bus:SmallEntities 2023-09-01 2024-08-31 05526646 frs-bus:AuditExempt-NoAccountantsReport 2023-09-01 2024-08-31 05526646 frs-bus:SmallCompaniesRegimeForAccounts 2023-09-01 2024-08-31 05526646 frs-bus:Director1 2023-09-01 2024-08-31 05526646 frs-bus:Director2 2023-09-01 2024-08-31 05526646 frs-countries:EnglandWales 2023-09-01 2024-08-31 05526646 2022-08-31 05526646 2023-08-31 05526646 2022-09-01 2023-08-31 05526646 frs-core:CurrentFinancialInstruments 2023-08-31 05526646 frs-core:Non-currentFinancialInstruments 2023-08-31 05526646 frs-core:ShareCapital 2023-08-31 05526646 frs-core:RetainedEarningsAccumulatedLosses 2023-08-31
Registered number: 05526646
Amtech Rapid Prototyping Ltd
Unaudited Financial Statements
For The Year Ended 31 August 2024
Robinson Ward Accountants
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—4
Page 1
Balance Sheet
Registered number: 05526646
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 155,746 181,365
155,746 181,365
CURRENT ASSETS
Stocks 5 25,118 25,288
Debtors 6 337,358 408,658
Cash at bank and in hand 109,035 123,336
471,511 557,282
Creditors: Amounts Falling Due Within One Year 7 (135,837 ) (163,767 )
NET CURRENT ASSETS (LIABILITIES) 335,674 393,515
TOTAL ASSETS LESS CURRENT LIABILITIES 491,420 574,880
NET ASSETS 491,420 574,880
CAPITAL AND RESERVES
Called up share capital 8 100 100
Profit and Loss Account 491,320 574,780
SHAREHOLDERS' FUNDS 491,420 574,880
For the year ending 31 August 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 Ian Judd
Director
4th December 2024
The notes on pages 2 to 4 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
Amtech Rapid Prototyping Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 05526646 . The registered office is Amtech Rapid Prototyping Ltd 2 Finlay Court, Simonside East Industrial Estate, South Shields, NE34 9QA.
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:
Plant & Machinery 15
Fixtures & Fittings 15
2.4. 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.
2.5. 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 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 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: 25 (2023: 25)
25 25
Page 2
Page 3
4. Tangible Assets
Plant & Machinery Fixtures & Fittings Total
£ £ £
Cost
As at 1 September 2023 557,966 45,321 603,287
Additions 1,865 - 1,865
As at 31 August 2024 559,831 45,321 605,152
Depreciation
As at 1 September 2023 391,529 30,393 421,922
Provided during the period 25,245 2,239 27,484
As at 31 August 2024 416,774 32,632 449,406
Net Book Value
As at 31 August 2024 143,057 12,689 155,746
As at 1 September 2023 166,437 14,928 181,365
5. Stocks
2024 2023
£ £
Stock 25,118 25,288
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 119,161 188,492
Prepayments and accrued income 34,402 39,371
153,563 227,863
Due after more than one year
Amounts owed by associates 183,795 180,795
337,358 408,658
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 49,269 52,720
Bank loans and overdrafts 27,268 37,045
Corporation tax 23,614 35,404
Other taxes and social security 3,931 8,451
VAT 26,040 26,247
Accruals 5,476 3,754
Directors' loan accounts 239 146
135,837 163,767
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Page 4
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
Page 4