Acorah Software Products - Accounts Production 16.3.350 false true 30 September 2023 1 October 2022 false 1 October 2023 30 September 2024 30 September 2024 06985528 Mr Martin Meyrick Mr Martin Meyrick iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 06985528 2023-09-30 06985528 2024-09-30 06985528 2023-10-01 2024-09-30 06985528 frs-core:CurrentFinancialInstruments 2024-09-30 06985528 frs-core:Non-currentFinancialInstruments 2024-09-30 06985528 frs-core:ComputerEquipment 2023-10-01 2024-09-30 06985528 frs-core:FurnitureFittings 2024-09-30 06985528 frs-core:FurnitureFittings 2023-10-01 2024-09-30 06985528 frs-core:FurnitureFittings 2023-09-30 06985528 frs-core:NetGoodwill 2024-09-30 06985528 frs-core:NetGoodwill 2023-10-01 2024-09-30 06985528 frs-core:NetGoodwill 2023-09-30 06985528 frs-core:MotorVehicles 2024-09-30 06985528 frs-core:MotorVehicles 2023-10-01 2024-09-30 06985528 frs-core:MotorVehicles 2023-09-30 06985528 frs-core:PlantMachinery 2024-09-30 06985528 frs-core:PlantMachinery 2023-10-01 2024-09-30 06985528 frs-core:PlantMachinery 2023-09-30 06985528 frs-core:ShareCapital 2024-09-30 06985528 frs-core:RetainedEarningsAccumulatedLosses 2024-09-30 06985528 frs-bus:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 06985528 frs-bus:FilletedAccounts 2023-10-01 2024-09-30 06985528 frs-bus:SmallEntities 2023-10-01 2024-09-30 06985528 frs-bus:AuditExempt-NoAccountantsReport 2023-10-01 2024-09-30 06985528 frs-bus:SmallCompaniesRegimeForAccounts 2023-10-01 2024-09-30 06985528 frs-bus:Director1 2023-10-01 2024-09-30 06985528 frs-bus:CompanySecretary1 2023-10-01 2024-09-30 06985528 frs-countries:EnglandWales 2023-10-01 2024-09-30 06985528 2022-09-30 06985528 2023-09-30 06985528 2022-10-01 2023-09-30 06985528 frs-core:CurrentFinancialInstruments 2023-09-30 06985528 frs-core:Non-currentFinancialInstruments 2023-09-30 06985528 frs-core:ShareCapital 2023-09-30 06985528 frs-core:RetainedEarningsAccumulatedLosses 2023-09-30
Registered number: 06985528
Safe Way Lifting & Engineering Limited
Unaudited Financial Statements
For The Year Ended 30 September 2024
SFB Group Limited
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 06985528
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 5 21,676 25,815
21,676 25,815
CURRENT ASSETS
Stocks 6 10,000 11,000
Debtors 7 570,119 412,402
Cash at bank and in hand 75,502 87,219
655,621 510,621
Creditors: Amounts Falling Due Within One Year 8 (502,845 ) (458,096 )
NET CURRENT ASSETS (LIABILITIES) 152,776 52,525
TOTAL ASSETS LESS CURRENT LIABILITIES 174,452 78,340
Creditors: Amounts Falling Due After More Than One Year 9 (32,100 ) (63,900 )
PROVISIONS FOR LIABILITIES
Deferred Taxation 10 (5,006 ) (4,522 )
NET ASSETS 137,346 9,918
CAPITAL AND RESERVES
Called up share capital 11 100 100
Profit and Loss Account 137,246 9,818
SHAREHOLDERS' FUNDS 137,346 9,918
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 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 Martin Meyrick
Director
15 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
Safe Way Lifting & Engineering Limited is a private company, limited by shares, incorporated in England & Wales, registered number 06985528 . The registered office is Manor Court Chambers, Townsend Drive, Nuneaton, Warwickshire, CV11 6RU.
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. Amortisation is not charged to the profit and loss account.
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 10% reducing balance
Motor Vehicles 25% reducing balance
Fixtures & Fittings 10% reducing balance
Computer Equipment 25% reducing balance
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 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.
...CONTINUED
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2.6. Taxation - continued
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
2.7. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 16 (2023: 15)
16 15
4. Intangible Assets
Goodwill
£
Cost
As at 1 October 2023 150,000
As at 30 September 2024 150,000
Amortisation
As at 1 October 2023 150,000
As at 30 September 2024 150,000
Net Book Value
As at 30 September 2024 -
As at 1 October 2023 -
5. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Total
£ £ £ £
Cost
As at 1 October 2023 24,471 83,148 24,729 132,348
As at 30 September 2024 24,471 83,148 24,729 132,348
Depreciation
As at 1 October 2023 18,842 72,780 14,911 106,533
Provided during the period 565 2,593 981 4,139
As at 30 September 2024 19,407 75,373 15,892 110,672
Net Book Value
As at 30 September 2024 5,064 7,775 8,837 21,676
As at 1 October 2023 5,629 10,368 9,818 25,815
6. Stocks
2024 2023
£ £
Stock 10,000 11,000
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Page 5
7. Debtors
2024 2023
£ £
Due within one year
Trade debtors 559,032 399,275
Other debtors 11,087 13,127
570,119 412,402
8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 189,639 188,468
Bank loans and overdrafts 31,800 31,800
Other creditors 141,997 115,428
Taxation and social security 139,409 122,400
502,845 458,096
9. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 32,100 63,900
10. Deferred Taxation
The provision for deferred tax is made up as follows:
2024 2023
£ £
Other timing differences 5,006 4,522
11. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
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