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 05081984 M Nakhaeinejad iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 05081984 2024-03-31 05081984 2025-03-31 05081984 2024-04-01 2025-03-31 05081984 frs-core:Non-currentFinancialInstruments 2025-03-31 05081984 frs-core:ComputerEquipment 2024-04-01 2025-03-31 05081984 frs-core:FurnitureFittings 2024-04-01 2025-03-31 05081984 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-04-01 2025-03-31 05081984 frs-core:MotorVehicles 2024-04-01 2025-03-31 05081984 frs-core:PlantMachinery 2024-04-01 2025-03-31 05081984 frs-core:ShareCapital 2025-03-31 05081984 frs-core:RetainedEarningsAccumulatedLosses 2025-03-31 05081984 frs-bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 05081984 frs-bus:AbridgedAccounts 2024-04-01 2025-03-31 05081984 frs-bus:SmallEntities 2024-04-01 2025-03-31 05081984 frs-bus:AuditExemptWithAccountantsReport 2024-04-01 2025-03-31 05081984 frs-bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 05081984 frs-bus:OrdinaryShareClass1 2024-04-01 2025-03-31 05081984 frs-bus:OrdinaryShareClass1 2025-03-31 05081984 frs-bus:Director1 2024-04-01 2025-03-31 05081984 frs-countries:EnglandWales 2024-04-01 2025-03-31 05081984 2023-03-31 05081984 2024-03-31 05081984 2023-04-01 2024-03-31 05081984 frs-core:Non-currentFinancialInstruments 2024-03-31 05081984 frs-core:ShareCapital 2024-03-31 05081984 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 05081984 frs-bus:OrdinaryShareClass1 2023-04-01 2024-03-31
Registered number: 05081984
Oxborrow Engineering Limited
Unaudited ABRIDGED Financial Statements
For The Year Ended 31 March 2025
Contents
Page
Accountant's Report 1
Abridged Balance Sheet 2—3
Notes to the Abridged Financial Statements 4—5
Page 1
Accountant's Report
Chartered Accountant's report to the director on the preparation of the unaudited statutory accounts of Oxborrow Engineering Limited for the year ended 31 March 2025
In order to assist you to fulfil your duties under the Companies Act 2006, I have prepared for your approval the accounts of Oxborrow Engineering Limited for the year ended 31 March 2025 which comprise the Profit and Loss Account, the Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given to us.
As a practising member of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at http://www.icaew.com/en/membership/regulations-standards-and-guidance.
This report is made solely to the director of Oxborrow Engineering Limited , as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the accounts of Oxborrow Engineering Limited and state those matters that we have agreed to state to the director of Oxborrow Engineering Limited , as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Oxborrow Engineering Limited and its director, as a body, for our work or for this report.
It is your duty to ensure that Oxborrow Engineering Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit or loss of Oxborrow Engineering Limited . You consider that Oxborrow Engineering Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit of the accounts of Oxborrow Engineering Limited . For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the financial statements.
16/06/2025
Wood & Disney Ltd
Chartered Accountants
Lodge Park, Lodge Lane
Langham
Colchester
Essex
CO4 5NE
Page 1
Page 2
Abridged Balance Sheet
Registered number: 05081984
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 5 497,950 501,442
497,950 501,442
CURRENT ASSETS
Stocks 20,000 21,000
Debtors 206,401 214,774
Cash at bank and in hand 59,915 118,346
286,316 354,120
Creditors: Amounts Falling Due Within One Year (151,083 ) (212,040 )
NET CURRENT ASSETS (LIABILITIES) 135,233 142,080
TOTAL ASSETS LESS CURRENT LIABILITIES 633,183 643,522
Creditors: Amounts Falling Due After More Than One Year (116,880 ) (230,675 )
PROVISIONS FOR LIABILITIES
Deferred Taxation 6 (15,835 ) (9,638 )
NET ASSETS 500,468 403,209
CAPITAL AND RESERVES
Called up share capital 7 1,000 1,000
Profit and Loss Account 499,468 402,209
SHAREHOLDERS' FUNDS 500,468 403,209
Page 2
Page 3
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.
All of the company's members have consented to the preparation of an Abridged Profit and Loss Account and an Abridged Balance Sheet for the year end 31 March 2025 in accordance with section 444(2A) of the Companies Act 2006.
On behalf of the board
M Nakhaeinejad
Director
16/06/2025
The notes on pages 4 to 5 form part of these financial statements.
Page 3
Page 4
Notes to the Abridged Financial Statements
1. General Information
Oxborrow Engineering Limited is a private company, limited by shares, incorporated in England & Wales, registered number 05081984 . The registered office is 5 Telford Business Park, Telford Road, Clacton On Sea, Essex, CO15 4BQ.
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.
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
Fixtures & Fittings 30% Reducing Balance
Computer Equipment 30% 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.
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 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.
2.6. 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: 6 (2024: 6)
6 6
Page 4
Page 5
4. Interest Payable and Similar Charges
2025 2024
£ £
Bank loans and overdrafts 15,240 17,861
Finance charges payable under finance leases and hire purchase contracts - 2,288
Late payment tax charges - 10
Other finance charges - 1,717
15,240 21,876
5. Tangible Assets
Total
£
Cost
As at 1 April 2024 563,591
Additions 40,794
Disposals (13,087 )
As at 31 March 2025 591,298
Depreciation
As at 1 April 2024 62,149
Provided during the period 38,650
Disposals (7,451 )
As at 31 March 2025 93,348
Net Book Value
As at 31 March 2025 497,950
As at 1 April 2024 501,442
6. Deferred Taxation
The provision for deferred tax is made up as follows:
2025 2024
£ £
Other timing differences 15,835 9,638
7. Share Capital
2025 2024
Allotted, called up and fully paid £ £
1,000 Ordinary Shares of £ 1.00 each 1,000 1,000
Page 5