Acorah Software Products - Accounts Production 16.5.460 false true 30 November 2023 1 December 2022 false 1 December 2023 30 November 2024 30 November 2024 07838729 Mr Christopher McIntosh Mr Matthew Massey iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 07838729 2023-11-30 07838729 2024-11-30 07838729 2023-12-01 2024-11-30 07838729 frs-core:CurrentFinancialInstruments 2024-11-30 07838729 frs-core:Non-currentFinancialInstruments 2024-11-30 07838729 frs-core:BetweenOneFiveYears 2024-11-30 07838729 frs-core:ComputerEquipment 2024-11-30 07838729 frs-core:ComputerEquipment 2023-12-01 2024-11-30 07838729 frs-core:ComputerEquipment 2023-11-30 07838729 frs-core:CopyrightsPatentsTrademarksServiceOperatingRights 2024-11-30 07838729 frs-core:CopyrightsPatentsTrademarksServiceOperatingRights 2023-12-01 2024-11-30 07838729 frs-core:CopyrightsPatentsTrademarksServiceOperatingRights 2023-11-30 07838729 frs-core:FurnitureFittings 2024-11-30 07838729 frs-core:FurnitureFittings 2023-12-01 2024-11-30 07838729 frs-core:FurnitureFittings 2023-11-30 07838729 frs-core:MotorVehicles 2023-12-01 2024-11-30 07838729 frs-core:PlantMachinery 2024-11-30 07838729 frs-core:PlantMachinery 2023-12-01 2024-11-30 07838729 frs-core:PlantMachinery 2023-11-30 07838729 frs-core:WithinOneYear 2024-11-30 07838729 frs-core:ShareCapital 2024-11-30 07838729 frs-core:RetainedEarningsAccumulatedLosses 2024-11-30 07838729 frs-bus:PrivateLimitedCompanyLtd 2023-12-01 2024-11-30 07838729 frs-bus:FilletedAccounts 2023-12-01 2024-11-30 07838729 frs-bus:SmallEntities 2023-12-01 2024-11-30 07838729 frs-bus:AuditExempt-NoAccountantsReport 2023-12-01 2024-11-30 07838729 frs-bus:SmallCompaniesRegimeForAccounts 2023-12-01 2024-11-30 07838729 frs-bus:Director1 2023-12-01 2024-11-30 07838729 frs-bus:Director2 2023-12-01 2024-11-30 07838729 frs-countries:EnglandWales 2023-12-01 2024-11-30 07838729 2022-11-30 07838729 2023-11-30 07838729 2022-12-01 2023-11-30 07838729 frs-core:CurrentFinancialInstruments 2023-11-30 07838729 frs-core:Non-currentFinancialInstruments 2023-11-30 07838729 frs-core:BetweenOneFiveYears 2023-11-30 07838729 frs-core:WithinOneYear 2023-11-30 07838729 frs-core:ShareCapital 2023-11-30 07838729 frs-core:RetainedEarningsAccumulatedLosses 2023-11-30
Registered number: 07838729
UK Custom Plugs Ltd
Unaudited Financial Statements
For The Year Ended 30 November 2024
CCF Accountancy Limited
Chartered Certified Accountants & Chartered Tax Advisers
20 Victoria Avenue
Harrogate
HG1 5QY
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 07838729
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 2,363 3,544
Tangible Assets 5 34,915 46,206
37,278 49,750
CURRENT ASSETS
Stocks 6 15,250 55,250
Debtors 7 6,356 2,008
Cash at bank and in hand 95,503 90,836
117,109 148,094
Creditors: Amounts Falling Due Within One Year 8 (97,626 ) (83,737 )
NET CURRENT ASSETS (LIABILITIES) 19,483 64,357
TOTAL ASSETS LESS CURRENT LIABILITIES 56,761 114,107
Creditors: Amounts Falling Due After More Than One Year 9 (4,589 ) (10,095 )
NET ASSETS 52,172 104,012
CAPITAL AND RESERVES
Called up share capital 11 4,442 4,442
Profit and Loss Account 47,730 99,570
SHAREHOLDERS' FUNDS 52,172 104,012
Page 1
Page 2
For the year ending 30 November 2024 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 Matthew Massey
Director
18/08/2025
The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
UK Custom Plugs Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 07838729 . The registered office is Suite 41, The Sugar Refinery, 342 Dewsbury Road, Leeds, LS11 7DF.
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. Intangible Fixed Assets and Amortisation - Intellectual Property
Intellectual property assets are Trademarks. It is amortised to the profit and loss account over its estimated economic life of 5 years.
2.4. 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 25% Reducing balance
Computer Equipment 25% Reducing balance & 20% Straight line
2.5. 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.
2.6. 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.
2.7. 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.
Page 3
Page 4
2.8. 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: 12 (2023: 13)
12 13
4. Intangible Assets
Intellectual Property
£
Cost
As at 1 December 2023 5,907
As at 30 November 2024 5,907
Amortisation
As at 1 December 2023 2,363
Provided during the period 1,181
As at 30 November 2024 3,544
Net Book Value
As at 30 November 2024 2,363
As at 1 December 2023 3,544
Page 4
Page 5
5. Tangible Assets
Plant & Machinery Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 December 2023 37,810 43,546 78,479 159,835
Additions - - 2,358 2,358
As at 30 November 2024 37,810 43,546 80,837 162,193
Depreciation
As at 1 December 2023 21,713 33,582 58,334 113,629
Provided during the period 4,025 2,491 7,133 13,649
As at 30 November 2024 25,738 36,073 65,467 127,278
Net Book Value
As at 30 November 2024 12,072 7,473 15,370 34,915
As at 1 December 2023 16,097 9,964 20,145 46,206
6. Stocks
2024 2023
£ £
Stock 15,250 55,250
7. Debtors
2024 2023
£ £
Due within one year
Other debtors 6,356 2,008
8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 5,506 5,506
Trade creditors 7,652 6,728
Other creditors 19,745 8,832
Taxation and social security 64,723 62,671
97,626 83,737
9. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 4,589 10,095
Page 5
Page 6
10. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year 5,506 5,506
Later than one year and not later than five years 4,589 10,095
10,095 15,601
10,095 15,601
11. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 4,442 4,442
Page 6