Acorah Software Products - Accounts Production 16.4.675 false true 31 March 2024 1 April 2023 false 1 April 2024 31 March 2025 31 March 2025 10684134 Mr Craig Wood iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 10684134 2024-03-31 10684134 2025-03-31 10684134 2024-04-01 2025-03-31 10684134 frs-core:CurrentFinancialInstruments 2025-03-31 10684134 frs-core:Non-currentFinancialInstruments 2025-03-31 10684134 frs-core:BetweenOneFiveYears 2025-03-31 10684134 frs-core:MotorVehicles 2025-03-31 10684134 frs-core:MotorVehicles 2024-04-01 2025-03-31 10684134 frs-core:MotorVehicles 2024-03-31 10684134 frs-core:PlantMachinery 2025-03-31 10684134 frs-core:PlantMachinery 2024-04-01 2025-03-31 10684134 frs-core:PlantMachinery 2024-03-31 10684134 frs-core:WithinOneYear 2025-03-31 10684134 frs-core:ShareCapital 2025-03-31 10684134 frs-core:RetainedEarningsAccumulatedLosses 2025-03-31 10684134 frs-bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 10684134 frs-bus:FilletedAccounts 2024-04-01 2025-03-31 10684134 frs-bus:SmallEntities 2024-04-01 2025-03-31 10684134 frs-bus:AuditExempt-NoAccountantsReport 2024-04-01 2025-03-31 10684134 frs-bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 10684134 frs-bus:Director1 2024-04-01 2025-03-31 10684134 frs-countries:EnglandWales 2024-04-01 2025-03-31 10684134 2023-03-31 10684134 2024-03-31 10684134 2023-04-01 2024-03-31 10684134 frs-core:CurrentFinancialInstruments 2024-03-31 10684134 frs-core:Non-currentFinancialInstruments 2024-03-31 10684134 frs-core:BetweenOneFiveYears 2024-03-31 10684134 frs-core:WithinOneYear 2024-03-31 10684134 frs-core:ShareCapital 2024-03-31 10684134 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31
Registered number: 10684134
CTW Surfacing UK Ltd
Unaudited Financial Statements
For The Year Ended 31 March 2025
Almo Financials Ltd
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 10684134
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 57,231 71,307
57,231 71,307
CURRENT ASSETS
Debtors 5 33,932 67,335
Cash at bank and in hand 17,308 23,207
51,240 90,542
Creditors: Amounts Falling Due Within One Year 6 (35,473 ) (31,065 )
NET CURRENT ASSETS (LIABILITIES) 15,767 59,477
TOTAL ASSETS LESS CURRENT LIABILITIES 72,998 130,784
Creditors: Amounts Falling Due After More Than One Year 7 (16,738 ) (42,216 )
NET ASSETS 56,260 88,568
CAPITAL AND RESERVES
Called up share capital 9 100 100
Profit and Loss Account 56,160 88,468
SHAREHOLDERS' FUNDS 56,260 88,568
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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 Craig Wood
Director
24/06/2025
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
CTW Surfacing UK Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 10684134 . The registered office is 673 Leeds Road, Huddersfield, HD2 1YY.
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:
Plant & Machinery 25% Reducing balance
Motor Vehicles 25% Reducing balance
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 the profit and loss account as incurred.
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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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2024: 2)
2 2
4. Tangible Assets
Plant & Machinery Motor Vehicles Total
£ £ £
Cost
As at 1 April 2024 27,805 99,079 126,884
Additions 5,000 - 5,000
As at 31 March 2025 32,805 99,079 131,884
Depreciation
As at 1 April 2024 9,417 46,160 55,577
Provided during the period 5,847 13,229 19,076
As at 31 March 2025 15,264 59,389 74,653
Net Book Value
As at 31 March 2025 17,541 39,690 57,231
As at 1 April 2024 18,388 52,919 71,307
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5. Debtors
2025 2024
£ £
Due within one year
Trade debtors - 4,000
Amounts recoverable on contracts - 59,507
VAT 1,727 3,828
Other taxes and social security 32,205 -
33,932 67,335
6. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Net obligations under finance lease and hire purchase contracts 15,478 15,895
Trade creditors 1 1,950
Bank loans and overdrafts 10,000 10,000
Corporation tax 8,687 2,112
Director's loan account 1,307 1,108
35,473 31,065
7. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Net obligations under finance lease and hire purchase contracts 10,905 26,383
Bank loans 5,833 15,833
16,738 42,216
8. Obligations Under Finance Leases and Hire Purchase
2025 2024
£ £
The future minimum finance lease payments are as follows:
Not later than one year 15,478 15,895
Later than one year and not later than five years 10,905 26,383
26,383 42,278
26,383 42,278
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9. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 100 100
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