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 04976360 Mr Simon Wheeler Mr Ashley Wheeler-Webster Miss Tracey Webster iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 04976360 2023-11-30 04976360 2024-11-30 04976360 2023-12-01 2024-11-30 04976360 frs-core:CurrentFinancialInstruments 2024-11-30 04976360 frs-core:Non-currentFinancialInstruments 2024-11-30 04976360 frs-core:ComputerEquipment 2024-11-30 04976360 frs-core:ComputerEquipment 2023-12-01 2024-11-30 04976360 frs-core:ComputerEquipment 2023-11-30 04976360 frs-core:FurnitureFittings 2024-11-30 04976360 frs-core:FurnitureFittings 2023-12-01 2024-11-30 04976360 frs-core:FurnitureFittings 2023-11-30 04976360 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-11-30 04976360 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-12-01 2024-11-30 04976360 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-11-30 04976360 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-11-30 04976360 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-12-01 2024-11-30 04976360 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-11-30 04976360 frs-core:MotorVehicles 2024-11-30 04976360 frs-core:MotorVehicles 2023-12-01 2024-11-30 04976360 frs-core:MotorVehicles 2023-11-30 04976360 frs-core:PlantMachinery 2024-11-30 04976360 frs-core:PlantMachinery 2023-12-01 2024-11-30 04976360 frs-core:PlantMachinery 2023-11-30 04976360 frs-core:ShareCapital 2024-11-30 04976360 frs-core:RetainedEarningsAccumulatedLosses 2024-11-30 04976360 frs-bus:PrivateLimitedCompanyLtd 2023-12-01 2024-11-30 04976360 frs-bus:FilletedAccounts 2023-12-01 2024-11-30 04976360 frs-bus:SmallEntities 2023-12-01 2024-11-30 04976360 frs-bus:AuditExempt-NoAccountantsReport 2023-12-01 2024-11-30 04976360 frs-bus:SmallCompaniesRegimeForAccounts 2023-12-01 2024-11-30 04976360 frs-bus:Director1 2023-12-01 2024-11-30 04976360 frs-bus:Director2 2023-12-01 2024-11-30 04976360 frs-bus:Director2 2023-11-30 04976360 frs-bus:Director2 2024-11-30 04976360 frs-bus:CompanySecretary1 2023-12-01 2024-11-30 04976360 frs-countries:EnglandWales 2023-12-01 2024-11-30 04976360 2022-11-30 04976360 2023-11-30 04976360 2022-12-01 2023-11-30 04976360 frs-core:CurrentFinancialInstruments 2023-11-30 04976360 frs-core:Non-currentFinancialInstruments 2023-11-30 04976360 frs-core:ShareCapital 2023-11-30 04976360 frs-core:RetainedEarningsAccumulatedLosses 2023-11-30
Registered number: 04976360
S.I.M. Fabrications Limited
Unaudited Financial Statements
For The Year Ended 30 November 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 04976360
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 287,291 59,640
287,291 59,640
CURRENT ASSETS
Stocks 5 5,289 87,560
Debtors 6 302,638 263,299
Cash at bank and in hand 236,228 353,090
544,155 703,949
Creditors: Amounts Falling Due Within One Year 7 (172,511 ) (165,086 )
NET CURRENT ASSETS (LIABILITIES) 371,644 538,863
TOTAL ASSETS LESS CURRENT LIABILITIES 658,935 598,503
Creditors: Amounts Falling Due After More Than One Year 8 (4,229 ) (12,609 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (11,670 ) (14,817 )
NET ASSETS 643,036 571,077
CAPITAL AND RESERVES
Called up share capital 9 100 100
Profit and Loss Account 642,936 570,977
SHAREHOLDERS' FUNDS 643,036 571,077
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 Simon Wheeler
Director
29th August 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
S.I.M. Fabrications Limited is a private company, limited by shares, incorporated in England & Wales, registered number 04976360 . The registered office is Unit A Rope Walk, Ilkeston, Derbyshire, DE7 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:
Freehold 2% straight line method
Leasehold 25% reducing balance method
Plant & Machinery 25% reducing balance method
Motor Vehicles 25% reducing balance method
Fixtures & Fittings 25% reducing balance method
Computer Equipment 25% reducing balance method
2.4. 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.
2.5. 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.
...CONTINUED
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2.5. Taxation - continued
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: 14 (2023: 13)
14 13
4. Tangible Assets
Land & Property
Freehold Leasehold Plant & Machinery Motor Vehicles
£ £ £ £
Cost
As at 1 December 2023 - 24,638 47,992 94,646
Additions 240,612 - 1,272 -
Disposals - - - -
As at 30 November 2024 240,612 24,638 49,264 94,646
Depreciation
As at 1 December 2023 - 14,244 37,298 59,819
Provided during the period - 2,599 2,992 8,707
Disposals - - - -
As at 30 November 2024 - 16,843 40,290 68,526
Net Book Value
As at 30 November 2024 240,612 7,795 8,974 26,120
As at 1 December 2023 - 10,394 10,694 34,827
Fixtures & Fittings Computer Equipment Total
£ £ £
Cost
As at 1 December 2023 14,543 1,882 183,701
Additions 422 992 243,298
Disposals - (203 ) (203 )
As at 30 November 2024 14,965 2,671 426,796
Depreciation
As at 1 December 2023 11,848 852 124,061
Provided during the period 780 484 15,562
Disposals - (118 ) (118 )
As at 30 November 2024 12,628 1,218 139,505
Net Book Value
As at 30 November 2024 2,337 1,453 287,291
As at 1 December 2023 2,695 1,030 59,640
Page 4
Page 5
5. Stocks
2024 2023
£ £
Materials 5,289 5,155
Work in progress - 82,405
5,289 87,560
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 206,353 231,220
Prepayments and accrued income 9,438 14,454
Other debtors 2,058 15,650
Corporation tax recoverable assets 84,789 1,975
302,638 263,299
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 71,398 82,186
Bank loans and overdrafts 8,380 8,229
Other loans - 1,987
Corporation tax 39,586 40,457
Other taxes and social security 7,311 7,092
VAT 13,410 10,285
Other creditors 29,975 5,238
Directors' loan accounts 2,451 9,612
172,511 165,086
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 4,229 12,609
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
Page 5
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10. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 December 2023 Amounts advanced Amounts repaid Amounts written off As at 30 November 2024
£ £ £ £ £
Mr Ashley Wheeler-Webster 5,851 - 312 - 5,539
The above loan is unsecured, interest free and repayable on demand.
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