Acorah Software Products - Accounts Production 16.4.675 false true 30 April 2024 1 May 2023 false 1 May 2024 30 April 2025 30 April 2025 09386179 Mr Craig Green Mr Scott Grimwood iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 09386179 2024-04-30 09386179 2025-04-30 09386179 2024-05-01 2025-04-30 09386179 frs-core:CurrentFinancialInstruments 2025-04-30 09386179 frs-core:Non-currentFinancialInstruments 2025-04-30 09386179 frs-core:BetweenOneFiveYears 2025-04-30 09386179 frs-core:ComputerEquipment 2024-05-01 2025-04-30 09386179 frs-core:FurnitureFittings 2024-05-01 2025-04-30 09386179 frs-core:LandBuildings 2025-04-30 09386179 frs-core:LandBuildings 2024-05-01 2025-04-30 09386179 frs-core:LandBuildings 2024-04-30 09386179 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-05-01 2025-04-30 09386179 frs-core:MotorVehicles 2024-05-01 2025-04-30 09386179 frs-core:PlantMachinery 2025-04-30 09386179 frs-core:PlantMachinery 2024-05-01 2025-04-30 09386179 frs-core:PlantMachinery 2024-04-30 09386179 frs-core:WithinOneYear 2025-04-30 09386179 frs-core:ShareCapital 2025-04-30 09386179 frs-core:RetainedEarningsAccumulatedLosses 2025-04-30 09386179 frs-bus:PrivateLimitedCompanyLtd 2024-05-01 2025-04-30 09386179 frs-bus:FilletedAccounts 2024-05-01 2025-04-30 09386179 frs-bus:SmallEntities 2024-05-01 2025-04-30 09386179 frs-bus:AuditExempt-NoAccountantsReport 2024-05-01 2025-04-30 09386179 frs-bus:SmallCompaniesRegimeForAccounts 2024-05-01 2025-04-30 09386179 frs-bus:Director1 2024-05-01 2025-04-30 09386179 frs-bus:Director2 2024-05-01 2025-04-30 09386179 frs-countries:EnglandWales 2024-05-01 2025-04-30 09386179 2023-04-30 09386179 2024-04-30 09386179 2023-05-01 2024-04-30 09386179 frs-core:CurrentFinancialInstruments 2024-04-30 09386179 frs-core:Non-currentFinancialInstruments 2024-04-30 09386179 frs-core:BetweenOneFiveYears 2024-04-30 09386179 frs-core:WithinOneYear 2024-04-30 09386179 frs-core:ShareCapital 2024-04-30 09386179 frs-core:RetainedEarningsAccumulatedLosses 2024-04-30
Registered number: 09386179
Precision Made Joinery Limited
Unaudited Financial Statements
For The Year Ended 30 April 2025
Steven Burton & Co Limited
Chartered Certified Accountants
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 09386179
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 258,348 182,646
258,348 182,646
CURRENT ASSETS
Stocks 5 26,062 25,598
Debtors 6 98,115 75,979
Cash at bank and in hand 106,979 63,756
231,156 165,333
Creditors: Amounts Falling Due Within One Year 7 (293,111 ) (192,120 )
NET CURRENT ASSETS (LIABILITIES) (61,955 ) (26,787 )
TOTAL ASSETS LESS CURRENT LIABILITIES 196,393 155,859
Creditors: Amounts Falling Due After More Than One Year 8 (78,939 ) (42,098 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (44,190 ) (29,238 )
NET ASSETS 73,264 84,523
CAPITAL AND RESERVES
Called up share capital 11 100 100
Profit and Loss Account 73,164 84,423
SHAREHOLDERS' FUNDS 73,264 84,523
Page 1
Page 2
For the year ending 30 April 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 Craig Green
Director
Mr Scott Grimwood
Director
08/08/2025
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
Precision Made Joinery Limited is a private company, limited by shares, incorporated in England & Wales, registered number 09386179 . The registered office is The Workshop, Pentlow Hall Farm Pentlow Lane, Cavendish, Sudbury, Suffolk, CO10 7SP.
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 10 years straight line
Plant & Machinery 25% on reducing balance
Motor Vehicles 25% on reducing balance
Fixtures & Fittings 25% on reducing balance
Computer Equipment 25% on 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.
2.6. Financial Instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.
Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in profit or loss.
Financial assets and liabilities are offset and the net amount reported in the Balance Sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
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2.7. 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: 17 (2024: 14)
17 14
4. Tangible Assets
Land & Buildings Plant & Machinery etc. Total
£ £ £
Cost
As at 1 May 2024 91,867 325,779 417,646
Additions 30,014 116,060 146,074
As at 30 April 2025 121,881 441,839 563,720
Depreciation
As at 1 May 2024 25,702 209,298 235,000
Provided during the period 12,188 58,184 70,372
As at 30 April 2025 37,890 267,482 305,372
Net Book Value
As at 30 April 2025 83,991 174,357 258,348
As at 1 May 2024 66,165 116,481 182,646
5. Stocks
2025 2024
£ £
Work in progress 26,062 25,598
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6. Debtors
2025 2024
£ £
Due within one year
Trade debtors 67,614 34,825
Amounts recoverable on contracts 15,426 23,207
Other debtors 15,075 17,947
98,115 75,979
7. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Net obligations under finance lease and hire purchase contracts 41,553 28,698
Trade creditors 42,581 47,200
Other creditors 161,690 69,869
Taxation and social security 47,287 46,353
293,111 192,120
8. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Net obligations under finance lease and hire purchase contracts 78,939 42,098
9. Secured Creditors
Of the creditors the following amounts are secured.
2025 2024
£ £
Net obligations under finance lease and hire purchase contracts 118,103 70,796
10. Obligations Under Finance Leases and Hire Purchase
2025 2024
£ £
The future minimum finance lease payments are as follows:
Not later than one year 41,553 28,698
Later than one year and not later than five years 78,939 42,098
120,492 70,796
120,492 70,796
11. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 100 100
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