Acorah Software Products - Accounts Production 16.3.350 false true 31 December 2023 1 January 2023 false 1 January 2024 31 December 2024 31 December 2024 08235834 Mr Sean Barber Mr Alfie Barber iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 08235834 2023-12-31 08235834 2024-12-31 08235834 2024-01-01 2024-12-31 08235834 frs-core:CurrentFinancialInstruments 2024-12-31 08235834 frs-core:Non-currentFinancialInstruments 2024-12-31 08235834 frs-core:BetweenOneFiveYears 2024-12-31 08235834 frs-core:ComputerEquipment 2024-12-31 08235834 frs-core:ComputerEquipment 2024-01-01 2024-12-31 08235834 frs-core:ComputerEquipment 2023-12-31 08235834 frs-core:FurnitureFittings 2024-12-31 08235834 frs-core:FurnitureFittings 2024-01-01 2024-12-31 08235834 frs-core:FurnitureFittings 2023-12-31 08235834 frs-core:MotorVehicles 2024-12-31 08235834 frs-core:MotorVehicles 2024-01-01 2024-12-31 08235834 frs-core:MotorVehicles 2023-12-31 08235834 frs-core:WithinOneYear 2024-12-31 08235834 frs-core:ShareCapital 2024-12-31 08235834 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 08235834 frs-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 08235834 frs-bus:FilletedAccounts 2024-01-01 2024-12-31 08235834 frs-bus:SmallEntities 2024-01-01 2024-12-31 08235834 frs-bus:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 08235834 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 08235834 frs-bus:Director1 2024-01-01 2024-12-31 08235834 frs-bus:Director2 2024-01-01 2024-12-31 08235834 frs-countries:EnglandWales 2024-01-01 2024-12-31 08235834 2022-12-31 08235834 2023-12-31 08235834 2023-01-01 2023-12-31 08235834 frs-core:CurrentFinancialInstruments 2023-12-31 08235834 frs-core:Non-currentFinancialInstruments 2023-12-31 08235834 frs-core:BetweenOneFiveYears 2023-12-31 08235834 frs-core:WithinOneYear 2023-12-31 08235834 frs-core:ShareCapital 2023-12-31 08235834 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31
Registered number: 08235834
Swift Upholstery Services (Telford) Limited
Unaudited Financial Statements
For The Year Ended 31 December 2024
Sempar Accountancy and Tax Limited
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 08235834
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 17,346 23,413
17,346 23,413
CURRENT ASSETS
Stocks 5 8,000 8,000
Debtors 6 23,210 13,486
Cash at bank and in hand 33,837 20,556
65,047 42,042
Creditors: Amounts Falling Due Within One Year 7 (39,081 ) (27,295 )
NET CURRENT ASSETS (LIABILITIES) 25,966 14,747
TOTAL ASSETS LESS CURRENT LIABILITIES 43,312 38,160
Creditors: Amounts Falling Due After More Than One Year 8 (7,081 ) (10,631 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (3,296 ) (4,449 )
NET ASSETS 32,935 23,080
CAPITAL AND RESERVES
Called up share capital 11 100 100
Profit and Loss Account 32,835 22,980
SHAREHOLDERS' FUNDS 32,935 23,080
Page 1
Page 2
For the year ending 31 December 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 Sean Barber
Director
Mr Alfie Barber
Director
19 June 2025
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Swift Upholstery Services (Telford) Limited is a private company, limited by shares, incorporated in England & Wales, registered number 08235834 . The registered office is 19 Marlborough Road, Hadley, Telford, Shropshire, TF1 5LN.
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 comprises the invoiced value of goods and services supplied by the company, net of trade discounts and value added taxes.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at cost less depreciation. 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:
Motor Vehicles 25% Reducing Balance
Fixtures & Fittings 25% Reducing Balance
Computer Equipment Over 3 years on cost
2.4. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
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 year 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 asset reflects 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.
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3. Average Number of Employees
Average number of employees, including directors, during the year was as follows:
2024 2023
Office and administration 3 3
3 3
4. Tangible Assets
Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 January 2024 45,745 3,843 1,705 51,293
Additions - - 200 200
As at 31 December 2024 45,745 3,843 1,905 51,493
Depreciation
As at 1 January 2024 23,986 3,068 826 27,880
Provided during the period 5,439 193 635 6,267
As at 31 December 2024 29,425 3,261 1,461 34,147
Net Book Value
As at 31 December 2024 16,320 582 444 17,346
As at 1 January 2024 21,759 775 879 23,413
5. Stocks
2024 2023
£ £
Materials 8,000 8,000
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 3,642 1,886
Prepayments and accrued income 13,568 11,600
Other debtors 6,000 -
23,210 13,486
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7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 3,551 3,231
Trade creditors 2,481 549
Corporation tax 10,171 5,946
Other taxes and social security - 1,101
VAT 9,632 5,769
Net wages 1,000 -
Other creditors 90 90
Accruals and deferred income 4,792 3,833
Directors' loan accounts 7,364 6,776
39,081 27,295
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 7,081 10,631
9. Secured Creditors
Of the creditors falling due within one year and after more than one year, the following amounts are secured.
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 10,632 13,862
10. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year 3,551 3,231
Later than one year and not later than five years 7,081 10,631
10,632 13,862
10,632 13,862
12. Directors Advances, Credits and Guarantees
Aggregate dividends paid to the director and his wife during the year amounted to £27,500 (2023: £28,000).
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