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 02690894 Mrs Maria Pamphlett Mr Robert Baldock iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 02690894 2024-02-29 02690894 2025-02-28 02690894 2024-03-01 2025-02-28 02690894 frs-core:CurrentFinancialInstruments 2025-02-28 02690894 frs-core:Non-currentFinancialInstruments 2025-02-28 02690894 frs-core:ComputerEquipment 2025-02-28 02690894 frs-core:ComputerEquipment 2024-03-01 2025-02-28 02690894 frs-core:ComputerEquipment 2024-02-29 02690894 frs-core:FurnitureFittings 2025-02-28 02690894 frs-core:FurnitureFittings 2024-03-01 2025-02-28 02690894 frs-core:FurnitureFittings 2024-02-29 02690894 frs-core:NetGoodwill 2025-02-28 02690894 frs-core:NetGoodwill 2024-03-01 2025-02-28 02690894 frs-core:NetGoodwill 2024-02-29 02690894 frs-core:PlantMachinery 2025-02-28 02690894 frs-core:PlantMachinery 2024-03-01 2025-02-28 02690894 frs-core:PlantMachinery 2024-02-29 02690894 frs-core:ShareCapital 2025-02-28 02690894 frs-core:RetainedEarningsAccumulatedLosses 2025-02-28 02690894 frs-bus:PrivateLimitedCompanyLtd 2024-03-01 2025-02-28 02690894 frs-bus:FilletedAccounts 2024-03-01 2025-02-28 02690894 frs-bus:SmallEntities 2024-03-01 2025-02-28 02690894 frs-bus:AuditExempt-NoAccountantsReport 2024-03-01 2025-02-28 02690894 frs-bus:SmallCompaniesRegimeForAccounts 2024-03-01 2025-02-28 02690894 frs-bus:Director1 2024-03-01 2025-02-28 02690894 frs-bus:Director2 2024-03-01 2025-02-28 02690894 frs-countries:EnglandWales 2024-03-01 2025-02-28 02690894 2023-02-28 02690894 2024-02-29 02690894 2023-03-01 2024-02-29 02690894 frs-core:CurrentFinancialInstruments 2024-02-29 02690894 frs-core:Non-currentFinancialInstruments 2024-02-29 02690894 frs-core:ShareCapital 2024-02-29 02690894 frs-core:RetainedEarningsAccumulatedLosses 2024-02-29
Registered number: 02690894
Bexley Steel Limited
Unaudited Financial Statements
For The Year Ended 28 February 2025
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 02690894
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 5 7,877 9,268
7,877 9,268
CURRENT ASSETS
Stocks 6 37,850 50,945
Debtors 7 20,855 23,882
Cash at bank and in hand 34,860 22,235
93,565 97,062
Creditors: Amounts Falling Due Within One Year 8 (91,762 ) (87,761 )
NET CURRENT ASSETS (LIABILITIES) 1,803 9,301
TOTAL ASSETS LESS CURRENT LIABILITIES 9,680 18,569
Creditors: Amounts Falling Due After More Than One Year 9 (6,460 ) (16,460 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (1,953 ) (1,913 )
NET ASSETS 1,267 196
CAPITAL AND RESERVES
Called up share capital 10 100 100
Profit and Loss Account 1,167 96
SHAREHOLDERS' FUNDS 1,267 196
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 Robert Baldock
Director
28/08/2025
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
Bexley Steel Limited is a private company, limited by shares, incorporated in England & Wales, registered number 02690894 . The registered office is The Old Barn, Off Wood Street, Swanley Village, Kent, BR8 7PA.
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.
2.3. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to the profit and loss account over its estimated economic life of .... 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 15% WDV
Fixtures & Fittings 15% WDV
Computer Equipment 15% WDV
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 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 in respect of all timing differences that have originated but not reversed at the balance
sheet date.
Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from
those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that
have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the
timing difference.
Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they
...CONTINUED
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2.6. Taxation - continued
will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
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: 8)
7 8
4. Intangible Assets
Goodwill
£
Cost
As at 1 March 2024 80,000
As at 28 February 2025 80,000
Amortisation
As at 1 March 2024 80,000
As at 28 February 2025 80,000
Net Book Value
As at 28 February 2025 -
As at 1 March 2024 -
5. Tangible Assets
Plant & Machinery Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 March 2024 32,777 108 567 33,452
As at 28 February 2025 32,777 108 567 33,452
Depreciation
As at 1 March 2024 23,743 30 411 24,184
Provided during the period 1,356 12 23 1,391
As at 28 February 2025 25,099 42 434 25,575
Net Book Value
As at 28 February 2025 7,678 66 133 7,877
As at 1 March 2024 9,034 78 156 9,268
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6. Stocks
2025 2024
£ £
Work in progress 37,850 50,945
7. Debtors
2025 2024
£ £
Due within one year
Trade debtors 9,582 13,359
Other debtors 11,273 10,523
20,855 23,882
8. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 49,102 58,780
Bank loans and overdrafts 10,000 10,000
Other creditors 11,302 6,341
Taxation and social security 21,358 12,640
91,762 87,761
9. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Bank loans 6,460 16,460
10. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 100 100
11. Related Party Transactions
Included in Other Creditors is an amount of £942 (2024 - £6,341) owed to the directors. This loan is interest free and no repayment terms have been agreed.
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