Acorah Software Products - Accounts Production 16.4.675 false true 29 February 2024 1 March 2023 false 1 March 2024 31 March 2025 31 March 2025 02797097 Mr Richard Gould Mr Nigel Singleton Mr Richard Gould iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 02797097 2024-02-29 02797097 2025-03-31 02797097 2024-03-01 2025-03-31 02797097 frs-core:CurrentFinancialInstruments 2025-03-31 02797097 frs-core:FurnitureFittings 2025-03-31 02797097 frs-core:FurnitureFittings 2024-03-01 2025-03-31 02797097 frs-core:FurnitureFittings 2024-02-29 02797097 frs-core:PlantMachinery 2025-03-31 02797097 frs-core:PlantMachinery 2024-03-01 2025-03-31 02797097 frs-core:PlantMachinery 2024-02-29 02797097 frs-core:CapitalRedemptionReserve 2025-03-31 02797097 frs-core:ShareCapital 2025-03-31 02797097 frs-core:RetainedEarningsAccumulatedLosses 2025-03-31 02797097 frs-bus:PrivateLimitedCompanyLtd 2024-03-01 2025-03-31 02797097 frs-bus:FilletedAccounts 2024-03-01 2025-03-31 02797097 frs-bus:SmallEntities 2024-03-01 2025-03-31 02797097 frs-bus:AuditExempt-NoAccountantsReport 2024-03-01 2025-03-31 02797097 frs-bus:SmallCompaniesRegimeForAccounts 2024-03-01 2025-03-31 02797097 frs-bus:Director1 2024-03-01 2025-03-31 02797097 frs-bus:Director2 2024-03-01 2025-03-31 02797097 frs-bus:CompanySecretary1 2024-03-01 2025-03-31 02797097 frs-countries:EnglandWales 2024-03-01 2025-03-31 02797097 2023-02-28 02797097 2024-02-29 02797097 2023-03-01 2024-02-29 02797097 frs-core:CurrentFinancialInstruments 2024-02-29 02797097 frs-core:CapitalRedemptionReserve 2024-02-29 02797097 frs-core:ShareCapital 2024-02-29 02797097 frs-core:RetainedEarningsAccumulatedLosses 2024-02-29
Registered number: 02797097
Frederick Sherrell Limited
Unaudited Financial Statements
For the Period 1 March 2024 to 31 March 2025
6 Houndiscombe Road
Plymouth
Devon
PL4 6HH
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 02797097
31 March 2025 29 February 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 6,209 1,840
6,209 1,840
CURRENT ASSETS
Stocks 5 30,476 34,963
Debtors 6 97,660 101,770
Cash at bank and in hand 296,776 229,862
424,912 366,595
Creditors: Amounts Falling Due Within One Year 7 (78,084 ) (43,671 )
NET CURRENT ASSETS (LIABILITIES) 346,828 322,924
TOTAL ASSETS LESS CURRENT LIABILITIES 353,037 324,764
PROVISIONS FOR LIABILITIES
Deferred Taxation (1,552 ) (460 )
NET ASSETS 351,485 324,304
CAPITAL AND RESERVES
Called up share capital 8 2,953 2,953
Capital redemption reserve 7,053 7,053
Profit and Loss Account 341,479 314,298
SHAREHOLDERS' FUNDS 351,485 324,304
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Page 2
For the period 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 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 Nigel Singleton
Director
9 July 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
Frederick Sherrell Limited is a private company, limited by shares, incorporated in England & Wales, registered number 02797097 . The registered office is 66 West Street, Tavistock, Devon, PL19 8AJ.
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 fair value of the consideration received for the provision of specialist engineering geology, environmental and geotechnical engineering consultancy services in the ordinary course of the company's activities. Turnover is shown net of value added tax, rebates and discounts.
The company recognises revenue when the amount of revenue can be reliably measured, and it is probable that future economic benefits will flow to the entity.
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:
Plant & Machinery 33% straight line basis
Furniture, Fixtures & Fittings 15% reducing balance basis
2.4. Stocks and Work in Progress
Work in progress is stated at the lower of cost and estimated selling price less costs to complete and sell. The company does not hold any physical stocks.
The cost of work in progress comprises direct labour costs and those overheads that have been incurred in the course of the work. At each reporting date, work in progress is assessed for impairment, and any impairment loss is recognised immediately in profit or loss.
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 period, 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 period was: 6 (2024: 5)
6 5
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4. Tangible Assets
Plant & Machinery Furniture, Fixtures & Fittings Total
£ £ £
Cost
As at 1 March 2024 25,497 11,072 36,569
Additions 5,173 384 5,557
As at 31 March 2025 30,670 11,456 42,126
Depreciation
As at 1 March 2024 24,595 10,134 34,729
Provided during the period 1,025 163 1,188
As at 31 March 2025 25,620 10,297 35,917
Net Book Value
As at 31 March 2025 5,050 1,159 6,209
As at 1 March 2024 902 938 1,840
5. Stocks
31 March 2025 29 February 2024
£ £
Work in progress 30,476 34,963
6. Debtors
31 March 2025 29 February 2024
£ £
Due within one year
Trade debtors 84,913 44,466
Other debtors 12,747 57,304
97,660 101,770
7. Creditors: Amounts Falling Due Within One Year
31 March 2025 29 February 2024
£ £
Other creditors 9,673 6,583
Taxation and social security 68,411 37,088
78,084 43,671
8. Share Capital
31 March 2025 29 February 2024
£ £
Allotted, Called up and fully paid 2,953 2,953
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9. Related Party Transactions
During the period, the company made advances totalling £14,978 (2024: £11,944) to a director. The director made repayments during the period of £28,500 (2024: £11,800). The  balance outstanding at the period-end was £2,037 creditor (2024: £11,372 debtor). Interest was charged at HMRC published rates and is calculated on a monthly basis. Interest of £113 (2024: £149) was charged on the outstanding balance during the year. 
During the period the company made advances totalling £33,581 (2024: £31,737) to a further director. The director made repayments during the period of £66,076 (2024: £23,560). The balance outstanding at the period-end was £187 creditor. (2024: £32,161 debtor). Interest was charged at HMRC published rates and is calculated on a monthly basis. Interest of £146 (2024: £426) was charged on the outstanding balance during the year.
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