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 03641502 Mr G J Thompson Mr A Howarth Mr P Howarth Mr J D Thompson Mr J D Thompson true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 03641502 2024-03-31 03641502 2025-03-31 03641502 2024-04-01 2025-03-31 03641502 frs-core:CurrentFinancialInstruments 2025-03-31 03641502 frs-core:Non-currentFinancialInstruments 2025-03-31 03641502 frs-core:FurnitureFittings 2025-03-31 03641502 frs-core:FurnitureFittings 2024-04-01 2025-03-31 03641502 frs-core:FurnitureFittings 2024-03-31 03641502 frs-core:MotorVehicles 2025-03-31 03641502 frs-core:MotorVehicles 2024-04-01 2025-03-31 03641502 frs-core:MotorVehicles 2024-03-31 03641502 frs-core:PlantMachinery 2025-03-31 03641502 frs-core:PlantMachinery 2024-04-01 2025-03-31 03641502 frs-core:PlantMachinery 2024-03-31 03641502 frs-core:ShareCapital 2025-03-31 03641502 frs-core:RetainedEarningsAccumulatedLosses 2025-03-31 03641502 frs-bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 03641502 frs-bus:FilletedAccounts 2024-04-01 2025-03-31 03641502 frs-bus:SmallEntities 2024-04-01 2025-03-31 03641502 frs-bus:AuditExempt-NoAccountantsReport 2024-04-01 2025-03-31 03641502 frs-bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 03641502 1 2024-04-01 2025-03-31 03641502 frs-bus:Director1 2024-04-01 2025-03-31 03641502 frs-bus:Director2 2024-04-01 2025-03-31 03641502 frs-bus:Director3 2024-04-01 2025-03-31 03641502 frs-bus:Director4 2024-04-01 2025-03-31 03641502 frs-bus:CompanySecretary1 2024-04-01 2025-03-31 03641502 frs-countries:EnglandWales 2024-04-01 2025-03-31 03641502 2023-03-31 03641502 2024-03-31 03641502 2023-04-01 2024-03-31 03641502 frs-core:CurrentFinancialInstruments 2024-03-31 03641502 frs-core:Non-currentFinancialInstruments 2024-03-31 03641502 frs-core:ShareCapital 2024-03-31 03641502 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31
Registered number: 03641502
S K S Engineering & Machine Services Limited
Unaudited Financial Statements
For The Year Ended 31 March 2025
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 03641502
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 26,649 15,940
26,649 15,940
CURRENT ASSETS
Stocks 5 3,786 3,321
Debtors 6 268,231 257,679
Cash at bank and in hand 13,120 46
285,137 261,046
Creditors: Amounts Falling Due Within One Year 7 (203,653 ) (207,902 )
NET CURRENT ASSETS (LIABILITIES) 81,484 53,144
TOTAL ASSETS LESS CURRENT LIABILITIES 108,133 69,084
Creditors: Amounts Falling Due After More Than One Year 8 (10,001 ) (23,334 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (6,662 ) (3,028 )
NET ASSETS 91,470 42,722
CAPITAL AND RESERVES
Called up share capital 9 106 106
Profit and Loss Account 91,364 42,616
SHAREHOLDERS' FUNDS 91,470 42,722
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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 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 P Howarth
Director
25th 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
S K S Engineering & Machine Services Limited is a private company, limited by shares, incorporated in England & Wales, registered number 03641502 . The registered office is Heritage Exchange, South Lane, Elland, HX5 0HG.
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.
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.
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 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: 11 (2024: 11)
11 11
4. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Total
£ £ £ £
Cost
As at 1 April 2024 55,585 48,523 6,820 110,928
Additions - 17,500 - 17,500
Disposals (16,040 ) - - (16,040 )
As at 31 March 2025 39,545 66,023 6,820 112,388
Depreciation
As at 1 April 2024 52,440 35,728 6,820 94,988
Provided during the period 767 5,698 - 6,465
Disposals (15,714 ) - - (15,714 )
As at 31 March 2025 37,493 41,426 6,820 85,739
Net Book Value
As at 31 March 2025 2,052 24,597 - 26,649
As at 1 April 2024 3,145 12,795 - 15,940
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5. Stocks
2025 2024
£ £
Stock 3,786 3,321
6. Debtors
2025 2024
£ £
Due within one year
Trade debtors 252,288 240,389
Other debtors 15,943 17,290
268,231 257,679
7. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Net obligations under finance lease and hire purchase contracts 5,333 4,087
Trade creditors 61,917 40,721
Bank loans and overdrafts 20,000 67,803
Other creditors 36,613 40,598
Taxation and social security 79,790 54,693
203,653 207,902
The bank overdraft is secured by personal guarantees of the directors and against the company's book debt.
Net obligations under finance lease and hire purchase contracts are secured on the assets to which they relate.
8. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Net obligations under finance lease and hire purchase contracts 6,667 -
Bank loans 3,334 23,334
10,001 23,334
9. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 106 106
10. Related Party Transactions
During the year, dividends of £25,500 (2023: £25,000) were declared to the directors and their immediate family.
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11. Ultimate Controlling Party
The company was controlled throughout the year by the directors and their immediate family, who between them own 100% of the issued ordinary share capital.
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