Acorah Software Products - Accounts Production 16.4.675 false true 31 May 2024 1 June 2023 false 1 June 2024 31 May 2025 31 May 2025 10785249 Mr Philip Redfearn iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 10785249 2024-05-31 10785249 2025-05-31 10785249 2024-06-01 2025-05-31 10785249 frs-core:CurrentFinancialInstruments 2025-05-31 10785249 frs-core:Non-currentFinancialInstruments 2025-05-31 10785249 frs-core:ComputerEquipment 2025-05-31 10785249 frs-core:ComputerEquipment 2024-06-01 2025-05-31 10785249 frs-core:ComputerEquipment 2024-05-31 10785249 frs-core:FurnitureFittings 2024-06-01 2025-05-31 10785249 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-06-01 2025-05-31 10785249 frs-core:MotorVehicles 2025-05-31 10785249 frs-core:MotorVehicles 2024-06-01 2025-05-31 10785249 frs-core:MotorVehicles 2024-05-31 10785249 frs-core:PlantMachinery 2025-05-31 10785249 frs-core:PlantMachinery 2024-06-01 2025-05-31 10785249 frs-core:PlantMachinery 2024-05-31 10785249 frs-core:WithinOneYear 2025-05-31 10785249 frs-core:ShareCapital 2025-05-31 10785249 frs-core:RetainedEarningsAccumulatedLosses 2025-05-31 10785249 frs-bus:PrivateLimitedCompanyLtd 2024-06-01 2025-05-31 10785249 frs-bus:FilletedAccounts 2024-06-01 2025-05-31 10785249 frs-bus:SmallEntities 2024-06-01 2025-05-31 10785249 frs-bus:AuditExempt-NoAccountantsReport 2024-06-01 2025-05-31 10785249 frs-bus:SmallCompaniesRegimeForAccounts 2024-06-01 2025-05-31 10785249 frs-bus:Director1 2024-06-01 2025-05-31 10785249 frs-countries:EnglandWales 2024-06-01 2025-05-31 10785249 2023-05-31 10785249 2024-05-31 10785249 2023-06-01 2024-05-31 10785249 frs-core:CurrentFinancialInstruments 2024-05-31 10785249 frs-core:Non-currentFinancialInstruments 2024-05-31 10785249 frs-core:BetweenOneFiveYears 2024-05-31 10785249 frs-core:WithinOneYear 2024-05-31 10785249 frs-core:ShareCapital 2024-05-31 10785249 frs-core:RetainedEarningsAccumulatedLosses 2024-05-31
Registered number: 10785249
Redfearn Construction Limited
Unaudited Financial Statements
For The Year Ended 31 May 2025
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 10785249
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 230,033 140,642
230,033 140,642
CURRENT ASSETS
Stocks 5 47,461 429,750
Debtors 6 9,250 (2,818 )
Cash at bank and in hand 19,004 20,901
75,715 447,833
Creditors: Amounts Falling Due Within One Year 7 (94,155 ) (372,703 )
NET CURRENT ASSETS (LIABILITIES) (18,440 ) 75,130
TOTAL ASSETS LESS CURRENT LIABILITIES 211,593 215,772
Creditors: Amounts Falling Due After More Than One Year 8 (25,067 ) (31,422 )
NET ASSETS 186,526 184,350
CAPITAL AND RESERVES
Called up share capital 10 300 300
Profit and Loss Account 186,226 184,050
SHAREHOLDERS' FUNDS 186,526 184,350
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For the year ending 31 May 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 Philip Redfearn
Director
08/07/2025
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Redfearn Construction Limited is a private company, limited by shares, incorporated in England & Wales, registered number 10785249 . The registered office is Unit 5, South Bradford Trading Estate Brighouse Road, Low Moor, Bradford, England, BD12 0QA.
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:
Freehold No Deperication policy
Plant & Machinery 15% Reducing Balance
Motor Vehicles 25% Reducing Balance
Fixtures & Fittings No Deperication policy
Computer Equipment 33% 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.
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. 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.
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 Computer Equipment Total
£ £ £ £
Cost
As at 1 June 2024 98,707 127,468 3,084 229,259
Additions 88,550 41,238 500 130,288
As at 31 May 2025 187,257 168,706 3,584 359,547
Depreciation
As at 1 June 2024 21,689 64,771 2,157 88,617
Provided during the period 17,914 22,547 436 40,897
As at 31 May 2025 39,603 87,318 2,593 129,514
Net Book Value
As at 31 May 2025 147,654 81,388 991 230,033
As at 1 June 2024 77,018 62,697 927 140,642
5. Stocks
2025 2024
£ £
Work in progress 47,461 429,750
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6. Debtors
2025 2024
£ £
Due within one year
Trade debtors 1,879 (2,818 )
VAT 7,371 -
9,250 (2,818 )
7. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Net obligations under finance lease and hire purchase contracts 1,130 41,324
Trade creditors 79,480 6,803
Bank loans and overdrafts 5,967 5,882
Corporation tax 1,068 1,068
Other taxes and social security 660 909
VAT - 7,569
Net wages 1,056 -
Accruals and deferred income 1,225 1,400
Director's loan account 3,569 307,748
94,155 372,703
8. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Net obligations under finance lease and hire purchase contracts - 540
Bank loans 25,067 30,882
25,067 31,422
9. Obligations Under Finance Leases and Hire Purchase
2025 2024
£ £
The future minimum finance lease payments are as follows:
Not later than one year 1,130 41,324
Later than one year and not later than five years - 540
1,130 41,864
1,130 41,864
10. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 300 300
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