Acorah Software Products - Accounts Production 16.5.460 false true 31 December 2023 1 January 2023 false 1 January 2024 31 December 2024 31 December 2024 05281891 Mr Paul Moodie Mrs Siobhan Keating-Moodie iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 05281891 2023-12-31 05281891 2024-12-31 05281891 2024-01-01 2024-12-31 05281891 frs-core:CurrentFinancialInstruments 2024-12-31 05281891 frs-core:ComputerEquipment 2024-01-01 2024-12-31 05281891 frs-core:FurnitureFittings 2024-12-31 05281891 frs-core:FurnitureFittings 2024-01-01 2024-12-31 05281891 frs-core:FurnitureFittings 2023-12-31 05281891 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-01-01 2024-12-31 05281891 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-12-31 05281891 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 05281891 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-12-31 05281891 frs-core:MotorVehicles 2024-01-01 2024-12-31 05281891 frs-core:PlantMachinery 2024-12-31 05281891 frs-core:PlantMachinery 2024-01-01 2024-12-31 05281891 frs-core:PlantMachinery 2023-12-31 05281891 frs-core:RevaluationReserve 2023-12-31 05281891 frs-core:RevaluationReserve 2024-12-31 05281891 frs-core:ShareCapital 2024-12-31 05281891 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 05281891 frs-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 05281891 frs-bus:FilletedAccounts 2024-01-01 2024-12-31 05281891 frs-bus:SmallEntities 2024-01-01 2024-12-31 05281891 frs-bus:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 05281891 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 05281891 frs-bus:Director1 2024-01-01 2024-12-31 05281891 frs-bus:CompanySecretary1 2024-01-01 2024-12-31 05281891 frs-core:CurrentFinancialInstruments 1 2024-12-31 05281891 frs-countries:EnglandWales 2024-01-01 2024-12-31 05281891 2022-12-31 05281891 2023-12-31 05281891 2023-01-01 2023-12-31 05281891 frs-core:CurrentFinancialInstruments 2023-12-31 05281891 frs-core:RevaluationReserve 2023-12-31 05281891 frs-core:ShareCapital 2023-12-31 05281891 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 05281891 frs-core:CurrentFinancialInstruments 1 2023-12-31
Registered number: 05281891
Sids Plumbing & Heating Supplies Limited
Financial Statements
For The Year Ended 31 December 2024
Shabbir & Co
Chartered Certified Accountants
248 Brockley Road
London
SE4 2SF
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 05281891
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 250,000 250,000
250,000 250,000
CURRENT ASSETS
Stocks 5 61,250 83,150
Cash at bank and in hand 55,961 47,593
117,211 130,743
Creditors: Amounts Falling Due Within One Year 6 (184,335 ) (209,555 )
NET CURRENT ASSETS (LIABILITIES) (67,124 ) (78,812 )
TOTAL ASSETS LESS CURRENT LIABILITIES 182,876 171,188
NET ASSETS 182,876 171,188
CAPITAL AND RESERVES
Called up share capital 7 99 99
Revaluation reserve 8 91,500 91,500
Profit and Loss Account 91,277 79,589
SHAREHOLDERS' FUNDS 182,876 171,188
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For the year ending 31 December 2024 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 Moodie
Director
29th September 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
Sids Plumbing & Heating Supplies Limited is a private company, limited by shares, incorporated in England & Wales, registered number 05281891 . The registered office is 248 Brockley Road, London, SE4 2SF.
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 accepted (or signed for) the delivery of the goods.
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 0%
Leasehold 0%
Plant & Machinery 20% Straight Line Method
Motor Vehicles 20% Straight Line Method
Fixtures & Fittings 20% Straight Line Method
Computer Equipment 20% Straight Line 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.
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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.
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: 7 (2023: 8)
7 8
4. Tangible Assets
Land & Property
Freehold Plant & Machinery Fixtures & Fittings Total
£ £ £ £
Cost
As at 1 January 2024 250,000 13,215 9,493 272,708
As at 31 December 2024 250,000 13,215 9,493 272,708
Depreciation
As at 1 January 2024 - 13,215 9,493 22,708
As at 31 December 2024 - 13,215 9,493 22,708
Net Book Value
As at 31 December 2024 250,000 - - 250,000
As at 1 January 2024 250,000 - - 250,000
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5. Stocks
2024 2023
£ £
Stock 61,250 83,150
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 160,327 182,755
Corporation tax 3,933 1,864
Other taxes and social security 2,686 1,168
VAT 12,411 12,255
NEST Pensions 728 576
Accruals and deferred income 4,250 3,950
Director's loan account - 6,987
184,335 209,555
7. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 99 99
8. Reserves
Revaluation Reserve
£
As at 1 January 2024 91,500
As at 31 December 2024 91,500
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