Acorah Software Products - Accounts Production 16.4.675 false true 31 January 2024 1 February 2023 false 1 February 2024 31 January 2025 31 January 2025 07926140 Mr J Wixted Mr P McDermott iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 07926140 2024-01-31 07926140 2025-01-31 07926140 2024-02-01 2025-01-31 07926140 frs-core:CurrentFinancialInstruments 2025-01-31 07926140 frs-core:Non-currentFinancialInstruments 2025-01-31 07926140 frs-core:FurnitureFittings 2025-01-31 07926140 frs-core:FurnitureFittings 2024-02-01 2025-01-31 07926140 frs-core:FurnitureFittings 2024-01-31 07926140 frs-core:MotorVehicles 2025-01-31 07926140 frs-core:MotorVehicles 2024-02-01 2025-01-31 07926140 frs-core:MotorVehicles 2024-01-31 07926140 frs-core:PlantMachinery 2025-01-31 07926140 frs-core:PlantMachinery 2024-02-01 2025-01-31 07926140 frs-core:PlantMachinery 2024-01-31 07926140 frs-core:ShareCapital 2025-01-31 07926140 frs-core:RetainedEarningsAccumulatedLosses 2025-01-31 07926140 frs-bus:PrivateLimitedCompanyLtd 2024-02-01 2025-01-31 07926140 frs-bus:FilletedAccounts 2024-02-01 2025-01-31 07926140 frs-bus:SmallEntities 2024-02-01 2025-01-31 07926140 frs-bus:AuditExempt-NoAccountantsReport 2024-02-01 2025-01-31 07926140 frs-bus:SmallCompaniesRegimeForAccounts 2024-02-01 2025-01-31 07926140 frs-bus:Director1 2024-02-01 2025-01-31 07926140 frs-bus:Director2 2024-02-01 2025-01-31 07926140 frs-countries:EnglandWales 2024-02-01 2025-01-31 07926140 2023-01-31 07926140 2024-01-31 07926140 2023-02-01 2024-01-31 07926140 frs-core:CurrentFinancialInstruments 2024-01-31 07926140 frs-core:Non-currentFinancialInstruments 2024-01-31 07926140 frs-core:ShareCapital 2024-01-31 07926140 frs-core:RetainedEarningsAccumulatedLosses 2024-01-31
Registered number: 07926140
B McDermott And Son (Lancs) Limited
Unaudited Financial Statements
For The Year Ended 31 January 2025
Marsden and Co.
Oswaldtwistle Mills Business Centre
Clifton Mill, Pickup Street
Accrington
BB5 0EY
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 07926140
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 7,889 9,010
7,889 9,010
CURRENT ASSETS
Stocks 5 15,000 15,000
Debtors 6 21,106 23,669
Cash at bank and in hand 17,463 36,903
53,569 75,572
Creditors: Amounts Falling Due Within One Year 7 (49,993 ) (46,955 )
NET CURRENT ASSETS (LIABILITIES) 3,576 28,617
TOTAL ASSETS LESS CURRENT LIABILITIES 11,465 37,627
Creditors: Amounts Falling Due After More Than One Year 8 (26,000 ) (31,000 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (1,499 ) (1,712 )
NET (LIABILITIES)/ASSETS (16,034 ) 4,915
CAPITAL AND RESERVES
Called up share capital 9 2 2
Profit and Loss Account (16,036 ) 4,913
SHAREHOLDERS' FUNDS (16,034) 4,915
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For the year ending 31 January 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 J Wixted
Director
Mr P McDermott
Director
13 June 2025
The notes on pages 3 to 6 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
B McDermott And Son (Lancs) Limited is a private company, limited by shares, incorporated in England & Wales, registered number 07926140 . The registered office is Oswaldtwistle Mills Business Centre, Clifton Mill, Pickup Street, Accrington, BB5 0EY.
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. Significant judgements and estimations
Accounting estimates and assumptions are made concerning the future and, by their nature, will rarely equal the related actual outcome. There are no key assumptions and other sources of estimation uncertainty that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year.
2.3. 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.
2.4. 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 15% reducing balance
Motor Vehicles 25% reducing balance
Fixtures & Fittings 15% 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.
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2.6. Financial Instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.
Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial
liabilities are presented as such in the balance sheet.  Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability.
Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.
2.7. 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 6 (2024: 5)
6 5
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4. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Total
£ £ £ £
Cost
As at 1 February 2024 6,623 10,300 12,698 29,621
Additions 783 - 1,625 2,408
Disposals - (4,800 ) - (4,800 )
As at 31 January 2025 7,406 5,500 14,323 27,229
Depreciation
As at 1 February 2024 4,104 7,296 9,211 20,611
Provided during the period 493 245 766 1,504
Disposals - (2,775 ) - (2,775 )
As at 31 January 2025 4,597 4,766 9,977 19,340
Net Book Value
As at 31 January 2025 2,809 734 4,346 7,889
As at 1 February 2024 2,519 3,004 3,487 9,010
5. Stocks
2025 2024
£ £
Stock 15,000 15,000
6. Debtors
2025 2024
£ £
Due within one year
Trade debtors 20,677 22,451
Other debtors - 1,218
VAT 429 -
21,106 23,669
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7. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 26,998 20,931
Bank loans and overdrafts 5,000 5,000
Other creditors 5,375 1,850
Taxation and social security 12,620 19,174
49,993 46,955
8. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Bank loans 26,000 31,000
9. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 2 2
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