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 05022100 Mr Simon Aldridge Ms Teresa East iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 05022100 2024-03-31 05022100 2025-03-31 05022100 2024-04-01 2025-03-31 05022100 frs-core:CurrentFinancialInstruments 2025-03-31 05022100 frs-core:ComputerEquipment 2025-03-31 05022100 frs-core:ComputerEquipment 2024-04-01 2025-03-31 05022100 frs-core:ComputerEquipment 2024-03-31 05022100 frs-core:FurnitureFittings 2025-03-31 05022100 frs-core:FurnitureFittings 2024-04-01 2025-03-31 05022100 frs-core:FurnitureFittings 2024-03-31 05022100 frs-core:MotorVehicles 2025-03-31 05022100 frs-core:MotorVehicles 2024-04-01 2025-03-31 05022100 frs-core:MotorVehicles 2024-03-31 05022100 frs-core:PlantMachinery 2024-04-01 2025-03-31 05022100 frs-core:ShareCapital 2025-03-31 05022100 frs-core:RetainedEarningsAccumulatedLosses 2025-03-31 05022100 frs-bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 05022100 frs-bus:FilletedAccounts 2024-04-01 2025-03-31 05022100 frs-bus:SmallEntities 2024-04-01 2025-03-31 05022100 frs-bus:AuditExempt-NoAccountantsReport 2024-04-01 2025-03-31 05022100 frs-bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 05022100 frs-bus:Director1 2024-04-01 2025-03-31 05022100 frs-bus:Director2 2024-04-01 2025-03-31 05022100 frs-countries:EnglandWales 2024-04-01 2025-03-31 05022100 2023-03-31 05022100 2024-03-31 05022100 2023-04-01 2024-03-31 05022100 frs-core:CurrentFinancialInstruments 2024-03-31 05022100 frs-core:ShareCapital 2024-03-31 05022100 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31
Registered number: 05022100
S. P. A. Welding Supplies Limited
Financial Statements
For The Year Ended 31 March 2025
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 05022100
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 97,841 34,503
97,841 34,503
CURRENT ASSETS
Stocks 5 500,000 101,000
Debtors 6 268,633 290,457
Cash at bank and in hand 828,634 856,111
1,597,267 1,247,568
Creditors: Amounts Falling Due Within One Year 7 (693,418 ) (504,786 )
NET CURRENT ASSETS (LIABILITIES) 903,849 742,782
TOTAL ASSETS LESS CURRENT LIABILITIES 1,001,690 777,285
NET ASSETS 1,001,690 777,285
CAPITAL AND RESERVES
Called up share capital 8 100 100
Profit and Loss Account 1,001,590 777,185
SHAREHOLDERS' FUNDS 1,001,690 777,285
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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 Simon Aldridge
Director
23/04/2025
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
S. P. A. Welding Supplies Limited is a private company, limited by shares, incorporated in England & Wales, registered number 05022100 . The registered office is Unit G , Modern Moulds Business Centre, 2/3 Comerce Way, Lancing, West Sussex, BN15 8TA.
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
Motor Vehicles 25% wdv
Fixtures & Fittings 15% wdv
Computer Equipment 33% wdv
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.

3. Average Number of Employees
Average number of employees, including directors, during the year was: 11 (2024: 11)
11 11
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4. Tangible Assets
Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 April 2024 42,396 77,081 46,919 166,396
Additions - 4,366 76,407 80,773
As at 31 March 2025 42,396 81,447 123,326 247,169
Depreciation
As at 1 April 2024 37,263 57,252 37,378 131,893
Provided during the period 1,283 3,629 12,523 17,435
As at 31 March 2025 38,546 60,881 49,901 149,328
Net Book Value
As at 31 March 2025 3,850 20,566 73,425 97,841
As at 1 April 2024 5,133 19,829 9,541 34,503
5. Stocks
2025 2024
£ £
Materials 500,000 101,000
6. Debtors
2025 2024
£ £
Due within one year
Trade debtors 237,090 290,457
Prepayments and accrued income 31,543 -
268,633 290,457
7. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 413,296 311,560
Corporation tax 87,689 45,343
Other taxes and social security 6,403 5,074
VAT 34,297 28,856
Other creditors 60,000 15,500
Directors' loan accounts 91,733 98,453
693,418 504,786
8. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 100 100
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