Acorah Software Products - Accounts Production 16.4.675 false true 29 February 2024 1 March 2023 false 1 March 2024 28 February 2025 28 February 2025 04161520 Mr D A Davenhill Miss A L Godfrey Mr D A Davenhill iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 04161520 2024-02-29 04161520 2025-02-28 04161520 2024-03-01 2025-02-28 04161520 frs-core:CurrentFinancialInstruments 2025-02-28 04161520 frs-core:Non-currentFinancialInstruments 2025-02-28 04161520 frs-core:FurnitureFittings 2025-02-28 04161520 frs-core:FurnitureFittings 2024-03-01 2025-02-28 04161520 frs-core:FurnitureFittings 2024-02-29 04161520 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2025-02-28 04161520 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-03-01 2025-02-28 04161520 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-02-29 04161520 frs-core:MotorVehicles 2025-02-28 04161520 frs-core:MotorVehicles 2024-03-01 2025-02-28 04161520 frs-core:MotorVehicles 2024-02-29 04161520 frs-core:PlantMachinery 2025-02-28 04161520 frs-core:PlantMachinery 2024-03-01 2025-02-28 04161520 frs-core:PlantMachinery 2024-02-29 04161520 frs-core:ShareCapital 2025-02-28 04161520 frs-core:RetainedEarningsAccumulatedLosses 2025-02-28 04161520 frs-bus:PrivateLimitedCompanyLtd 2024-03-01 2025-02-28 04161520 frs-bus:FilletedAccounts 2024-03-01 2025-02-28 04161520 frs-bus:SmallEntities 2024-03-01 2025-02-28 04161520 frs-bus:AuditExempt-NoAccountantsReport 2024-03-01 2025-02-28 04161520 frs-bus:SmallCompaniesRegimeForAccounts 2024-03-01 2025-02-28 04161520 frs-bus:Director1 2024-03-01 2025-02-28 04161520 frs-bus:Director2 2024-03-01 2025-02-28 04161520 frs-bus:CompanySecretary1 2024-03-01 2025-02-28 04161520 frs-countries:EnglandWales 2024-03-01 2025-02-28 04161520 2023-02-28 04161520 2024-02-29 04161520 2023-03-01 2024-02-29 04161520 frs-core:CurrentFinancialInstruments 2024-02-29 04161520 frs-core:Non-currentFinancialInstruments 2024-02-29 04161520 frs-core:ShareCapital 2024-02-29 04161520 frs-core:RetainedEarningsAccumulatedLosses 2024-02-29
Registered number: 04161520
Acre Farm Limited
Unaudited Financial Statements
For The Year Ended 28 February 2025
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 04161520
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 839,931 717,741
839,931 717,741
CURRENT ASSETS
Debtors 5 702 52
Cash at bank and in hand 137,233 1,220
137,935 1,272
Creditors: Amounts Falling Due Within One Year 6 (245,406 ) (278,826 )
NET CURRENT ASSETS (LIABILITIES) (107,471 ) (277,554 )
TOTAL ASSETS LESS CURRENT LIABILITIES 732,460 440,187
Creditors: Amounts Falling Due After More Than One Year 7 (18,617 ) (331,134 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (5,599 ) -
NET ASSETS 708,244 109,053
CAPITAL AND RESERVES
Called up share capital 2 2
Profit and Loss Account 708,242 109,051
SHAREHOLDERS' FUNDS 708,244 109,053
Page 1
Page 2
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 D A Davenhill
Director
31 July 2025
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Acre Farm Limited is a private company, limited by shares, incorporated in England & Wales, registered number 04161520 . The registered office is Acre Farm Crowborough Road, Lask Edge, Leek, ST13 8QP.  With effect from 30 April 2024, the name of the company was changed from Walsall Wood Fencing Services Limited to Acre Farm Limited.
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 None;
Plant & Machinery 25% per annum, reducing balance basis;
Motor Vehicles 25% per annum, reducing balance basis;
Fixtures & Fittings 25% per annum, reducing balance basis.
2.4. 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: 1)
2 1
Page 3
Page 4
4. Tangible Assets
Land & Property
Freehold Plant & Machinery Motor Vehicles Fixtures & Fittings Total
£ £ £ £ £
Cost
As at 1 March 2024 714,791 18,926 700 1,729 736,146
Additions 817,536 14,131 10,250 5,200 847,117
Disposals (714,791 ) (14,533 ) - (580 ) (729,904 )
As at 28 February 2025 817,536 18,524 10,950 6,349 853,359
Depreciation
As at 1 March 2024 - 16,624 306 1,475 18,405
Provided during the period - 3,372 2,662 1,402 7,436
Disposals - (11,833 ) - (580 ) (12,413 )
As at 28 February 2025 - 8,163 2,968 2,297 13,428
Net Book Value
As at 28 February 2025 817,536 10,361 7,982 4,052 839,931
As at 1 March 2024 714,791 2,302 394 254 717,741
5. Debtors
2025 2024
£ £
Due within one year
Other debtors 702 52
6. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 68 -
Bank loans and overdrafts 12,502 -
Other creditors 3,121 271,563
Taxation and social security 229,715 7,263
245,406 278,826
7. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Bank loans 18,617 331,134
8. Secured Creditors
Of the creditors the following amounts are secured by a fixed and floating charge on all assets.
2025 2024
£ £
Bank loans and overdrafts - 293,955
Page 4