Acorah Software Products - Accounts Production 16.5.460 false true 30 April 2024 1 May 2023 false 1 May 2024 30 April 2025 30 April 2025 05099314 Mrs Sarah SLATER Mr Jonathan Slater iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 05099314 2024-04-30 05099314 2025-04-30 05099314 2024-05-01 2025-04-30 05099314 frs-core:CurrentFinancialInstruments 2025-04-30 05099314 frs-core:ComputerEquipment 2025-04-30 05099314 frs-core:ComputerEquipment 2024-05-01 2025-04-30 05099314 frs-core:ComputerEquipment 2024-04-30 05099314 frs-core:FurnitureFittings 2025-04-30 05099314 frs-core:FurnitureFittings 2024-05-01 2025-04-30 05099314 frs-core:FurnitureFittings 2024-04-30 05099314 frs-core:MotorVehicles 2025-04-30 05099314 frs-core:MotorVehicles 2024-05-01 2025-04-30 05099314 frs-core:MotorVehicles 2024-04-30 05099314 frs-core:PlantMachinery 2025-04-30 05099314 frs-core:PlantMachinery 2024-05-01 2025-04-30 05099314 frs-core:PlantMachinery 2024-04-30 05099314 frs-core:WithinOneYear 2025-04-30 05099314 frs-core:ShareCapital 2025-04-30 05099314 frs-core:RetainedEarningsAccumulatedLosses 2025-04-30 05099314 frs-bus:PrivateLimitedCompanyLtd 2024-05-01 2025-04-30 05099314 frs-bus:FilletedAccounts 2024-05-01 2025-04-30 05099314 frs-bus:SmallEntities 2024-05-01 2025-04-30 05099314 frs-bus:AuditExempt-NoAccountantsReport 2024-05-01 2025-04-30 05099314 frs-bus:SmallCompaniesRegimeForAccounts 2024-05-01 2025-04-30 05099314 frs-bus:Director1 2024-05-01 2025-04-30 05099314 frs-bus:Director2 2024-05-01 2025-04-30 05099314 frs-countries:EnglandWales 2024-05-01 2025-04-30 05099314 2023-04-30 05099314 2024-04-30 05099314 2023-05-01 2024-04-30 05099314 frs-core:CurrentFinancialInstruments 2024-04-30 05099314 frs-core:WithinOneYear 2024-04-30 05099314 frs-core:ShareCapital 2024-04-30 05099314 frs-core:RetainedEarningsAccumulatedLosses 2024-04-30
Registered number: 05099314
Varley Systems Engineering Ltd
Unaudited Financial Statements
For The Year Ended 30 April 2025
Elzey Accountancy and Tax
ACCA
First Floor 2 Central Parade
101 Victoria Road
Horley
Surrey
RH6 7PH
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 05099314
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 49,726 51,380
49,726 51,380
CURRENT ASSETS
Stocks 5 12,036 10,314
Debtors 6 58,692 87,775
Cash at bank and in hand 192,612 229,385
263,340 327,474
Creditors: Amounts Falling Due Within One Year 7 (42,834 ) (55,727 )
NET CURRENT ASSETS (LIABILITIES) 220,506 271,747
TOTAL ASSETS LESS CURRENT LIABILITIES 270,232 323,127
PROVISIONS FOR LIABILITIES
Deferred Taxation (9,448 ) (9,679 )
NET ASSETS 260,784 313,448
CAPITAL AND RESERVES
Called up share capital 9 104 104
Profit and Loss Account 260,680 313,344
SHAREHOLDERS' FUNDS 260,784 313,448
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Page 2
For the year ending 30 April 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
Mrs Sarah SLATER
Director
10/09/2025
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
Varley Systems Engineering Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 05099314 . The registered office is 9 Coppins Lane, Borden, Sittingbourne, ME9 8JG.
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 Straight line at 25%
Motor Vehicles Straight line at 20%
Fixtures & Fittings Straight line at 25%
Computer Equipment Straight line at 25%
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: 4 (2024: 5)
4 5
4. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 May 2024 689 80,819 3,570 11,504 96,582
Additions - 37,009 - - 37,009
Disposals - (33,724 ) - - (33,724 )
As at 30 April 2025 689 84,104 3,570 11,504 99,867
Depreciation
As at 1 May 2024 414 32,328 2,723 9,737 45,202
Provided during the period 137 23,566 476 995 25,174
Disposals - (20,235 ) - - (20,235 )
As at 30 April 2025 551 35,659 3,199 10,732 50,141
Net Book Value
As at 30 April 2025 138 48,445 371 772 49,726
As at 1 May 2024 275 48,491 847 1,767 51,380
5. Stocks
2025 2024
£ £
Materials 12,036 10,314
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6. Debtors
2025 2024
£ £
Due within one year
Trade debtors 56,126 85,096
Prepayments and accrued income 2,566 2,679
58,692 87,775
7. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Net obligations under finance lease and hire purchase contracts 4,120 -
Trade creditors 3,628 625
Corporation tax 20,818 38,594
Other taxes and social security 636 12
VAT 12,910 15,967
Other creditors 307 114
Directors' loan accounts 415 415
42,834 55,727
8. Obligations Under Finance Leases and Hire Purchase
2025 2024
£ £
The future minimum finance lease payments are as follows:
Not later than one year 4,120 -
9. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 104 104
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