Acorah Software Products - Accounts Production 16.3.350 false true 29 February 2024 1 March 2023 false 1 March 2024 28 February 2025 28 February 2025 02492536 Mrs D M Reid Mr F M Reid Mr F M Reid iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 02492536 2024-02-29 02492536 2025-02-28 02492536 2024-03-01 2025-02-28 02492536 frs-core:CurrentFinancialInstruments 2025-02-28 02492536 frs-core:FurnitureFittings 2025-02-28 02492536 frs-core:FurnitureFittings 2024-03-01 2025-02-28 02492536 frs-core:FurnitureFittings 2024-02-29 02492536 frs-core:MotorVehicles 2025-02-28 02492536 frs-core:MotorVehicles 2024-03-01 2025-02-28 02492536 frs-core:MotorVehicles 2024-02-29 02492536 frs-core:PlantMachinery 2025-02-28 02492536 frs-core:PlantMachinery 2024-03-01 2025-02-28 02492536 frs-core:PlantMachinery 2024-02-29 02492536 frs-core:ShareCapital 2025-02-28 02492536 frs-core:RetainedEarningsAccumulatedLosses 2025-02-28 02492536 frs-bus:PrivateLimitedCompanyLtd 2024-03-01 2025-02-28 02492536 frs-bus:FilletedAccounts 2024-03-01 2025-02-28 02492536 frs-bus:SmallEntities 2024-03-01 2025-02-28 02492536 frs-bus:AuditExempt-NoAccountantsReport 2024-03-01 2025-02-28 02492536 frs-bus:SmallCompaniesRegimeForAccounts 2024-03-01 2025-02-28 02492536 frs-bus:Director1 2024-03-01 2025-02-28 02492536 frs-bus:Director2 2024-03-01 2025-02-28 02492536 frs-bus:CompanySecretary1 2024-03-01 2025-02-28 02492536 frs-core:CurrentFinancialInstruments 1 2025-02-28 02492536 frs-core:CurrentFinancialInstruments 2 2025-02-28 02492536 frs-countries:EnglandWales 2024-03-01 2025-02-28 02492536 2023-02-28 02492536 2024-02-29 02492536 2023-03-01 2024-02-29 02492536 frs-core:CurrentFinancialInstruments 2024-02-29 02492536 frs-core:ShareCapital 2024-02-29 02492536 frs-core:RetainedEarningsAccumulatedLosses 2024-02-29 02492536 frs-core:CurrentFinancialInstruments 1 2024-02-29 02492536 frs-core:CurrentFinancialInstruments 2 2024-02-29
Registered number: 02492536
Cyber-Weld Limited
Unaudited Financial Statements
For The Year Ended 28 February 2025
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 02492536
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 950,160 514,166
950,160 514,166
CURRENT ASSETS
Stocks 5 615,000 600,000
Debtors 6 (232,395 ) 894,765
Cash at bank and in hand 2,388,395 1,631,419
2,771,000 3,126,184
Creditors: Amounts Falling Due Within One Year 7 (1,658,789 ) (1,713,821 )
NET CURRENT ASSETS (LIABILITIES) 1,112,211 1,412,363
TOTAL ASSETS LESS CURRENT LIABILITIES 2,062,371 1,926,529
PROVISIONS FOR LIABILITIES
Deferred Taxation (185,778 ) (94,625 )
NET ASSETS 1,876,593 1,831,904
CAPITAL AND RESERVES
Called up share capital 8 2 2
Profit and Loss Account 1,876,591 1,831,902
SHAREHOLDERS' FUNDS 1,876,593 1,831,904
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For the year ending 28 February 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 F M Reid
Director
17/07/2025
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
Cyber-Weld Limited is a private company, limited by shares, incorporated in England & Wales, registered number 02492536 . The registered office is Willows End, Banbury Road Bloxham, Banbury, Oxfordshire, OX15 4PD.
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
Fixtures & Fittings 15% 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. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
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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 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.
2.7. Government Grant
Government grants are recognised in the profit and loss account in an appropriate manner that matches them with the expenditure towards which they are intended to contribute.
Grants for immediate financial support or to cover costs already incurred are recognised immediately in the profit and loss account. Grants towards general activities of the entity over a specific period are recognised in the profit and loss account over that period.
Grants towards fixed assets are recognised over the expected useful lives of the related assets and are treated as deferred income and released to the profit and loss account over the useful life of the asset concerned.
All grants in the profit and loss account are recognised when all conditions for receipt have been complied with.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 31 (2024: 27)
31 27
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4. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Total
£ £ £ £
Cost
As at 1 March 2024 245,089 755,751 187,042 1,187,882
Additions 423,183 327,659 74,147 824,989
Disposals - (187,325 ) - (187,325 )
As at 28 February 2025 668,272 896,085 261,189 1,825,546
Depreciation
As at 1 March 2024 195,584 371,966 106,166 673,716
Provided during the period 118,172 154,625 23,254 296,051
Disposals - (94,381 ) - (94,381 )
As at 28 February 2025 313,756 432,210 129,420 875,386
Net Book Value
As at 28 February 2025 354,516 463,875 131,769 950,160
As at 1 March 2024 49,505 383,785 80,876 514,166
5. Stocks
2025 2024
£ £
Stock 615,000 600,000
6. Debtors
2025 2024
£ £
Due within one year
Trade debtors 1,166,620 862,598
Prepayments and accrued income 32,292 31,317
Other debtors 750 750
Employee loan 12,300 100
Amounts owed by group undertakings (1,444,357 ) -
(232,395 ) 894,765
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7. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 298,973 398,577
Corporation tax 277,761 26,495
Other taxes and social security 56,818 49,671
VAT 374,703 217,470
Net wages 84,329 50,019
Accruals 553,534 217,507
Pension control 7,935 6,698
Directors' loan accounts 4,736 4,736
Amounts owed to group undertakings - 742,648
1,658,789 1,713,821
8. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 2 2
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