Acorah Software Products - Accounts Production 16.4.675 false true 31 January 2024 1 February 2023 false 1 February 2024 31 January 2025 31 January 2025 03633611 Mr Paul Collins Mrs Jane Collins iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 03633611 2024-01-31 03633611 2025-01-31 03633611 2024-02-01 2025-01-31 03633611 frs-core:CurrentFinancialInstruments 2025-01-31 03633611 frs-core:Non-currentFinancialInstruments 2025-01-31 03633611 frs-core:FurnitureFittings 2025-01-31 03633611 frs-core:FurnitureFittings 2024-02-01 2025-01-31 03633611 frs-core:FurnitureFittings 2024-01-31 03633611 frs-core:MotorVehicles 2025-01-31 03633611 frs-core:MotorVehicles 2024-02-01 2025-01-31 03633611 frs-core:MotorVehicles 2024-01-31 03633611 frs-core:WithinOneYear 2025-01-31 03633611 frs-core:ShareCapital 2025-01-31 03633611 frs-core:RetainedEarningsAccumulatedLosses 2025-01-31 03633611 frs-bus:PrivateLimitedCompanyLtd 2024-02-01 2025-01-31 03633611 frs-bus:FilletedAccounts 2024-02-01 2025-01-31 03633611 frs-bus:SmallEntities 2024-02-01 2025-01-31 03633611 frs-bus:AuditExempt-NoAccountantsReport 2024-02-01 2025-01-31 03633611 frs-bus:SmallCompaniesRegimeForAccounts 2024-02-01 2025-01-31 03633611 frs-bus:Director1 2024-02-01 2025-01-31 03633611 frs-bus:Director1 2024-01-31 03633611 frs-bus:Director1 2025-01-31 03633611 frs-bus:CompanySecretary1 2024-02-01 2025-01-31 03633611 frs-countries:EnglandWales 2024-02-01 2025-01-31 03633611 2023-01-31 03633611 2024-01-31 03633611 2023-02-01 2024-01-31 03633611 frs-core:CurrentFinancialInstruments 2024-01-31 03633611 frs-core:Non-currentFinancialInstruments 2024-01-31 03633611 frs-core:BetweenOneFiveYears 2024-01-31 03633611 frs-core:WithinOneYear 2024-01-31 03633611 frs-core:ShareCapital 2024-01-31 03633611 frs-core:RetainedEarningsAccumulatedLosses 2024-01-31
Registered number: 03633611
P.C. Building Services Limited
Unaudited Financial Statements
For The Year Ended 31 January 2025
SFB Group Limited
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 03633611
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 26,687 88,968
26,687 88,968
CURRENT ASSETS
Stocks 5 157,000 121,989
Debtors 6 141,861 17,500
Cash at bank and in hand 33,060 162,577
331,921 302,066
Creditors: Amounts Falling Due Within One Year 7 (109,425 ) (173,796 )
NET CURRENT ASSETS (LIABILITIES) 222,496 128,270
TOTAL ASSETS LESS CURRENT LIABILITIES 249,183 217,238
Creditors: Amounts Falling Due After More Than One Year 8 - (1,999 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (13,116 ) (13,116 )
NET ASSETS 236,067 202,123
CAPITAL AND RESERVES
Called up share capital 10 100 100
Profit and Loss Account 235,967 202,023
SHAREHOLDERS' FUNDS 236,067 202,123
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Page 2
For the year ending 31 January 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 Paul Collins
Director
21 March 2025
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
P.C. Building Services Limited is a private company, limited by shares, incorporated in England & Wales, registered number 03633611 . The registered office is Unit 8, Oak Spinney Park Ratby Lane, Leicester Forest East, Leicester, LE3 3AW.
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:
Motor Vehicles 25% reducing balance
Fixtures & Fittings 20% 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 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: 7 (2024: 7)
7 7
4. Tangible Assets
Motor Vehicles Fixtures & Fittings Total
£ £ £
Cost
As at 1 February 2024 214,955 17,833 232,788
Disposals (129,820 ) (10,398 ) (140,218 )
As at 31 January 2025 85,135 7,435 92,570
Depreciation
As at 1 February 2024 133,828 9,992 143,820
Provided during the period 8,168 546 8,714
Disposals (81,366 ) (5,285 ) (86,651 )
As at 31 January 2025 60,630 5,253 65,883
Net Book Value
As at 31 January 2025 24,505 2,182 26,687
As at 1 February 2024 81,127 7,841 88,968
5. Stocks
2025 2024
£ £
Stock 2,000 2,000
Work in progress 155,000 119,989
157,000 121,989
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6. Debtors
2025 2024
£ £
Due within one year
Trade debtors 16,008 10,430
Other debtors 125,853 7,070
141,861 17,500
7. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Net obligations under finance lease and hire purchase contracts 1,998 2,998
Trade creditors 42,066 65,260
Other creditors 37,150 67,744
Taxation and social security 28,211 37,794
109,425 173,796
8. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Net obligations under finance lease and hire purchase contracts - 1,999
9. Obligations Under Finance Leases and Hire Purchase
2025 2024
£ £
The future minimum finance lease payments are as follows:
Not later than one year 1,998 2,998
Later than one year and not later than five years - 1,999
1,998 4,997
1,998 4,997
10. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 100 100
11. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 February 2024 Amounts advanced Amounts repaid Amounts written off As at 31 January 2025
£ £ £ £ £
Mr Paul Collins (270 ) 119,159 - - 118,889
The above loan is unsecured, interest free and repayable on demand.
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