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 03728108 Mr Glynn Weston Mrs Claire Weston iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 03728108 2024-03-31 03728108 2025-03-31 03728108 2024-04-01 2025-03-31 03728108 frs-core:CurrentFinancialInstruments 2025-03-31 03728108 frs-core:ComputerEquipment 2025-03-31 03728108 frs-core:ComputerEquipment 2024-04-01 2025-03-31 03728108 frs-core:ComputerEquipment 2024-03-31 03728108 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2025-03-31 03728108 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-04-01 2025-03-31 03728108 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-03-31 03728108 frs-core:MotorVehicles 2025-03-31 03728108 frs-core:MotorVehicles 2024-04-01 2025-03-31 03728108 frs-core:MotorVehicles 2024-03-31 03728108 frs-core:PlantMachinery 2025-03-31 03728108 frs-core:PlantMachinery 2024-04-01 2025-03-31 03728108 frs-core:PlantMachinery 2024-03-31 03728108 frs-core:ShareCapital 2025-03-31 03728108 frs-core:RetainedEarningsAccumulatedLosses 2025-03-31 03728108 frs-bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 03728108 frs-bus:FilletedAccounts 2024-04-01 2025-03-31 03728108 frs-bus:SmallEntities 2024-04-01 2025-03-31 03728108 frs-bus:AuditExempt-NoAccountantsReport 2024-04-01 2025-03-31 03728108 frs-bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 03728108 frs-bus:Director1 2024-04-01 2025-03-31 03728108 frs-bus:CompanySecretary1 2024-04-01 2025-03-31 03728108 frs-countries:EnglandWales 2024-04-01 2025-03-31 03728108 2023-03-31 03728108 2024-03-31 03728108 2023-04-01 2024-03-31 03728108 frs-core:CurrentFinancialInstruments 2024-03-31 03728108 frs-core:ShareCapital 2024-03-31 03728108 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31
Registered number: 03728108
T.R.Weston & Son Limited
Unaudited Financial Statements
For The Year Ended 31 March 2025
Mumby Heppenstall
Chartered Accountants
Wellingore Hall
Wellingore
Lincoln
LN5 0HX
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 03728108
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 364,780 390,040
364,780 390,040
CURRENT ASSETS
Stocks 5 34,167 36,463
Debtors 6 287,337 215,756
Cash at bank and in hand 572,885 486,757
894,389 738,976
Creditors: Amounts Falling Due Within One Year 7 (150,366 ) (85,087 )
NET CURRENT ASSETS (LIABILITIES) 744,023 653,889
TOTAL ASSETS LESS CURRENT LIABILITIES 1,108,803 1,043,929
PROVISIONS FOR LIABILITIES
Deferred Taxation (11,745 ) (12,681 )
NET ASSETS 1,097,058 1,031,248
CAPITAL AND RESERVES
Called up share capital 8 99 99
Profit and Loss Account 1,096,959 1,031,149
SHAREHOLDERS' FUNDS 1,097,058 1,031,248
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 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 Glynn Weston
Director
6th June 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
T.R.Weston & Son Limited is a private company, limited by shares, incorporated in England & Wales, registered number 03728108 . The registered office is Plot F Westminster Industrial, Estate, Station Road North, Hykeham, Lincoln, LN6 3QY.
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:
Freehold 2% straight line
Plant & Machinery 15% reducing balance
Motor Vehicles 25% reducing balance
Computer Equipment 15% reducing balance
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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 7 (2024: 7)
7 7
Page 3
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4. Tangible Assets
Land & Property
Freehold Plant & Machinery Motor Vehicles Computer Equipment Total
£ £ £ £ £
Cost
As at 1 April 2024 435,300 337,284 120,680 22,835 916,099
Additions - - - 1,126 1,126
Disposals - (50,000 ) (91,540 ) (8,000 ) (149,540 )
As at 31 March 2025 435,300 287,284 29,140 15,961 767,685
Depreciation
As at 1 April 2024 112,000 288,784 106,240 19,035 526,059
Provided during the period 5,500 7,500 (5,340 ) 726 8,386
Disposals - (50,000 ) (73,540 ) (8,000 ) (131,540 )
As at 31 March 2025 117,500 246,284 27,360 11,761 402,905
Net Book Value
As at 31 March 2025 317,800 41,000 1,780 4,200 364,780
As at 1 April 2024 323,300 48,500 14,440 3,800 390,040
5. Stocks
2025 2024
£ £
Stock 34,167 36,463
6. Debtors
2025 2024
£ £
Due within one year
Trade debtors 167,507 98,196
Prepayments and accrued income 19,830 17,560
Other debtors 100,000 100,000
287,337 215,756
7. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 33,486 34,087
Corporation tax 55,947 8,319
Other taxes and social security 11,579 7,222
VAT 46,454 33,159
Accruals and deferred income 2,900 2,300
150,366 85,087
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Page 5
8. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 99 99
Page 5