Acorah Software Products - Accounts Production 16.4.680 false true 31 May 2024 1 June 2023 false 1 June 2024 31 May 2025 31 May 2025 07620428 Mr Philip Elvins iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 07620428 2024-05-31 07620428 2025-05-31 07620428 2024-06-01 2025-05-31 07620428 frs-core:CurrentFinancialInstruments 2025-05-31 07620428 frs-core:Non-currentFinancialInstruments 2025-05-31 07620428 frs-core:MotorVehicles 2025-05-31 07620428 frs-core:MotorVehicles 2024-06-01 2025-05-31 07620428 frs-core:MotorVehicles 2024-05-31 07620428 frs-core:PlantMachinery 2025-05-31 07620428 frs-core:PlantMachinery 2024-06-01 2025-05-31 07620428 frs-core:PlantMachinery 2024-05-31 07620428 frs-core:ShareCapital 2025-05-31 07620428 frs-core:RetainedEarningsAccumulatedLosses 2025-05-31 07620428 frs-bus:PrivateLimitedCompanyLtd 2024-06-01 2025-05-31 07620428 frs-bus:FilletedAccounts 2024-06-01 2025-05-31 07620428 frs-bus:SmallEntities 2024-06-01 2025-05-31 07620428 frs-bus:AuditExempt-NoAccountantsReport 2024-06-01 2025-05-31 07620428 frs-bus:SmallCompaniesRegimeForAccounts 2024-06-01 2025-05-31 07620428 frs-bus:Director1 2024-06-01 2025-05-31 07620428 frs-bus:Director1 2024-05-31 07620428 frs-bus:Director1 2025-05-31 07620428 frs-core:CurrentFinancialInstruments 1 2025-05-31 07620428 frs-countries:EnglandWales 2024-06-01 2025-05-31 07620428 2023-05-31 07620428 2024-05-31 07620428 2023-06-01 2024-05-31 07620428 frs-core:CurrentFinancialInstruments 2024-05-31 07620428 frs-core:Non-currentFinancialInstruments 2024-05-31 07620428 frs-core:ShareCapital 2024-05-31 07620428 frs-core:RetainedEarningsAccumulatedLosses 2024-05-31 07620428 frs-core:CurrentFinancialInstruments 1 2024-05-31
Registered number: 07620428
F E Andrews Associates 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: 07620428
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 2,077 2,768
2,077 2,768
CURRENT ASSETS
Stocks 5 945 870
Debtors 6 37,890 61,601
Cash at bank and in hand 14,777 6,540
53,612 69,011
Creditors: Amounts Falling Due Within One Year 7 (34,180 ) (45,142 )
NET CURRENT ASSETS (LIABILITIES) 19,432 23,869
TOTAL ASSETS LESS CURRENT LIABILITIES 21,509 26,637
Creditors: Amounts Falling Due After More Than One Year 8 (21,293 ) (26,616 )
NET ASSETS 216 21
CAPITAL AND RESERVES
Called up share capital 9 2 2
Profit and Loss Account 214 19
SHAREHOLDERS' FUNDS 216 21
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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 Elvins
Director
30th July 2025
The notes on pages 3 to 5 form part of these financial statements.
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Page 3
Notes to the Financial Statements
1. General Information
F E Andrews Associates Limited is a private company, limited by shares, incorporated in England & Wales, registered number 07620428 . The registered office is Park House, 10 Park Street, Bristol, BS1 5HX.
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:
Plant & Machinery 25% Written down value
Motor Vehicles 25% Written down value
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. Taxation
Income tax expense represents the sum of the tax currently payable.
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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 3 (2024: 3)
3 3
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4. Tangible Assets
Plant & Machinery Motor Vehicles Total
£ £ £
Cost
As at 1 June 2024 21,247 9,500 30,747
As at 31 May 2025 21,247 9,500 30,747
Depreciation
As at 1 June 2024 19,947 8,032 27,979
Provided during the period 324 367 691
As at 31 May 2025 20,271 8,399 28,670
Net Book Value
As at 31 May 2025 976 1,101 2,077
As at 1 June 2024 1,300 1,468 2,768
5. Stocks
2025 2024
£ £
Stock 945 870
6. Debtors
2025 2024
£ £
Due within one year
Prepayments and accrued income 1,208 617
Other debtors - S455 Tax 9,972 15,512
Director's loan account 26,710 45,472
37,890 61,601
7. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 610 2,090
Bank loans and overdrafts 5,323 5,323
Corporation tax 15,605 29,307
Other taxes and social security 540 1,407
VAT 10,912 5,825
Accruals 1,190 -
Accruals and deferred income - 1,190
34,180 45,142
8. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Bounce Back Loan > 1 year 21,293 26,616
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9. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 2 2
10. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 June 2024 Amounts advanced Amounts repaid Amounts written off As at 31 May 2025
£ £ £ £ £
Mr Philip Elvins 45,472 54,434 (73,196 ) - 26,710
The above loan is unsecured, interest free and repayable on demand.
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