Acorah Software Products - Accounts Production 16.5.460 false true 31 January 2024 1 February 2023 false 1 February 2024 31 January 2025 31 January 2025 09392183 Mr Richard Giddings Mrs Kay Giddings iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 09392183 2024-01-31 09392183 2025-01-31 09392183 2024-02-01 2025-01-31 09392183 frs-core:CurrentFinancialInstruments 2025-01-31 09392183 frs-core:Non-currentFinancialInstruments 2025-01-31 09392183 frs-core:BetweenOneFiveYears 2025-01-31 09392183 frs-core:FurnitureFittings 2025-01-31 09392183 frs-core:FurnitureFittings 2024-02-01 2025-01-31 09392183 frs-core:FurnitureFittings 2024-01-31 09392183 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2025-01-31 09392183 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-02-01 2025-01-31 09392183 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-01-31 09392183 frs-core:MotorVehicles 2025-01-31 09392183 frs-core:MotorVehicles 2024-02-01 2025-01-31 09392183 frs-core:MotorVehicles 2024-01-31 09392183 frs-core:PlantMachinery 2025-01-31 09392183 frs-core:PlantMachinery 2024-02-01 2025-01-31 09392183 frs-core:PlantMachinery 2024-01-31 09392183 frs-core:WithinOneYear 2025-01-31 09392183 frs-core:ShareCapital 2025-01-31 09392183 frs-core:RetainedEarningsAccumulatedLosses 2025-01-31 09392183 frs-bus:PrivateLimitedCompanyLtd 2024-02-01 2025-01-31 09392183 frs-bus:FilletedAccounts 2024-02-01 2025-01-31 09392183 frs-bus:SmallEntities 2024-02-01 2025-01-31 09392183 frs-bus:AuditExempt-NoAccountantsReport 2024-02-01 2025-01-31 09392183 frs-bus:SmallCompaniesRegimeForAccounts 2024-02-01 2025-01-31 09392183 frs-bus:Director1 2024-02-01 2025-01-31 09392183 frs-bus:Director2 2024-02-01 2025-01-31 09392183 frs-countries:EnglandWales 2024-02-01 2025-01-31 09392183 2023-01-31 09392183 2024-01-31 09392183 2023-02-01 2024-01-31 09392183 frs-core:CurrentFinancialInstruments 2024-01-31 09392183 frs-core:Non-currentFinancialInstruments 2024-01-31 09392183 frs-core:BetweenOneFiveYears 2024-01-31 09392183 frs-core:WithinOneYear 2024-01-31 09392183 frs-core:ShareCapital 2024-01-31 09392183 frs-core:RetainedEarningsAccumulatedLosses 2024-01-31
Registered number: 09392183
Giddings & Son Limited
Unaudited Financial Statements
For The Year Ended 31 January 2025
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 09392183
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 398,614 455,009
398,614 455,009
CURRENT ASSETS
Stocks 5 50,736 134,102
Debtors 6 130,319 64,981
Cash at bank and in hand 79,467 198,738
260,522 397,821
Creditors: Amounts Falling Due Within One Year 7 (386,124 ) (289,317 )
NET CURRENT ASSETS (LIABILITIES) (125,602 ) 108,504
TOTAL ASSETS LESS CURRENT LIABILITIES 273,012 563,513
Creditors: Amounts Falling Due After More Than One Year 8 (161,149 ) (261,610 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (99,750 ) (113,753 )
NET ASSETS 12,113 188,150
CAPITAL AND RESERVES
Called up share capital 10 10 10
Profit and Loss Account 12,103 188,140
SHAREHOLDERS' FUNDS 12,113 188,150
Page 1
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 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 Richard Giddings
Director
30/08/2025
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
Giddings & Son Limited is a private company, limited by shares, incorporated in England & Wales, registered number 09392183 . The registered office is 21 Jesmond Way, Stanmore, Middlesex, HA7 4QR.
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:
Leasehold Over the length of the lease
Plant & Machinery 15% on cost
Motor Vehicles 25% on cost
Fixtures & Fittings 25% on cost
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 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: 10 (2024: 9)
10 9
4. Tangible Assets
Land & Property
Leasehold Plant & Machinery Motor Vehicles Fixtures & Fittings Total
£ £ £ £ £
Cost
As at 1 February 2024 61,693 424,317 107,094 15,578 608,682
Additions 900 900 53,470 - 55,270
As at 31 January 2025 62,593 425,217 160,564 15,578 663,952
Depreciation
As at 1 February 2024 14,043 76,218 51,519 11,893 153,673
Provided during the period 6,298 63,478 40,141 1,748 111,665
As at 31 January 2025 20,341 139,696 91,660 13,641 265,338
Net Book Value
As at 31 January 2025 42,252 285,521 68,904 1,937 398,614
As at 1 February 2024 47,650 348,099 55,575 3,685 455,009
5. Stocks
2025 2024
£ £
Stock 34,200 34,200
Work in progress 16,536 99,902
50,736 134,102
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6. Debtors
2025 2024
£ £
Due within one year
Trade debtors 51,721 47,190
Other debtors 78,598 17,791
130,319 64,981
7. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Net obligations under finance lease and hire purchase contracts 63,750 -
Trade creditors 180,395 123,950
Bank loans and overdrafts 9,646 9,646
Other creditors 15,196 46,508
Taxation and social security 117,137 109,213
386,124 289,317
The bank loan has been secured by HM Government under the "Bounce back loan scheme." It is repayable over 6 years commencing in 2021.
8. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Net obligations under finance lease and hire purchase contracts 154,977 246,310
Bank loans 6,172 15,300
161,149 261,610
9. Obligations Under Finance Leases and Hire Purchase
2025 2024
£ £
The future minimum finance lease payments are as follows:
Not later than one year 63,750 -
Later than one year and not later than five years 154,977 246,310
218,727 246,310
218,727 246,310
10. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 10 10
11. Dividends
2025 2024
£ £
On equity shares:
Interim dividend paid 145,000 260,000
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12. Related Party Transactions
During the year, the Director, Mr R Giddings, charged the company £0 (2024: £1,200) in respect of a contribution towards accommodation costs.
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