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 01460343 Mr Mark Bodenham Mr James Weir Mr Nicholas Weir Mr M A Bodenham 19 Peel Street, Marsden, Huddersfield, HD7 6BW true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 01460343 2023-12-31 01460343 2024-12-31 01460343 2024-01-01 2024-12-31 01460343 frs-core:CurrentFinancialInstruments 2024-12-31 01460343 frs-core:Non-currentFinancialInstruments 2024-12-31 01460343 frs-core:FurnitureFittings 2024-12-31 01460343 frs-core:FurnitureFittings 2024-01-01 2024-12-31 01460343 frs-core:FurnitureFittings 2023-12-31 01460343 frs-core:MotorVehicles 2024-12-31 01460343 frs-core:MotorVehicles 2024-01-01 2024-12-31 01460343 frs-core:MotorVehicles 2023-12-31 01460343 frs-core:PlantMachinery 2024-12-31 01460343 frs-core:PlantMachinery 2024-01-01 2024-12-31 01460343 frs-core:PlantMachinery 2023-12-31 01460343 frs-core:ShareCapital 2024-12-31 01460343 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 01460343 frs-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 01460343 frs-bus:FilletedAccounts 2024-01-01 2024-12-31 01460343 frs-bus:SmallEntities 2024-01-01 2024-12-31 01460343 frs-bus:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 01460343 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 01460343 1 2024-01-01 2024-12-31 01460343 frs-bus:Director1 2024-01-01 2024-12-31 01460343 frs-bus:Director2 2024-01-01 2024-12-31 01460343 frs-bus:Director3 2024-01-01 2024-12-31 01460343 frs-countries:EnglandWales 2024-01-01 2024-12-31 01460343 2022-12-31 01460343 2023-12-31 01460343 2023-01-01 2023-12-31 01460343 frs-core:CurrentFinancialInstruments 2023-12-31 01460343 frs-core:Non-currentFinancialInstruments 2023-12-31 01460343 frs-core:ShareCapital 2023-12-31 01460343 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31
Registered number: 01460343
Sheerspire Limited
Financial Statements
For The Year Ended 31 December 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 01460343
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 100,292 128,504
100,292 128,504
CURRENT ASSETS
Stocks 5 1,950 2,000
Debtors 6 423,044 76,576
Cash at bank and in hand 7,843 53,813
432,837 132,389
Creditors: Amounts Falling Due Within One Year 7 (229,484 ) (116,388 )
NET CURRENT ASSETS (LIABILITIES) 203,353 16,001
TOTAL ASSETS LESS CURRENT LIABILITIES 303,645 144,505
Creditors: Amounts Falling Due After More Than One Year 8 - (14,808 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (25,072 ) (36,007 )
NET ASSETS 278,573 93,690
CAPITAL AND RESERVES
Called up share capital 9 8,000 8,000
Profit and Loss Account 270,573 85,690
SHAREHOLDERS' FUNDS 278,573 93,690
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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 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 Nicholas Weir
Director
30 September 2025
The notes on pages 3 to 6 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Sheerspire Limited is a private company, limited by shares, incorporated in England & Wales, registered number 01460343 . The registered office is 19 Peel Street, Marsden, Huddersfield, West Yorkshire, HD7 6BW.
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 rendering of services.
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 15% reducing balance
Motor Vehicles 25% reducing balance
Fixtures & Fittings 15% reducing balance
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.
2.6. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 3)
2 3
4. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Total
£ £ £ £
Cost
As at 1 January 2024 319,747 97,530 3,997 421,274
Disposals (12,450 ) - (1,060 ) (13,510 )
As at 31 December 2024 307,297 97,530 2,937 407,764
Depreciation
As at 1 January 2024 241,668 49,782 1,320 292,770
Provided during the period 11,072 11,937 307 23,316
Disposals (8,183 ) - (431 ) (8,614 )
As at 31 December 2024 244,557 61,719 1,196 307,472
Net Book Value
As at 31 December 2024 62,740 35,811 1,741 100,292
As at 1 January 2024 78,079 47,748 2,677 128,504
5. Stocks
2024 2023
£ £
Stock 1,950 2,000
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6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 135,554 65,986
Amounts recoverable on contracts 63,245 -
Other debtors 224,245 10,590
423,044 76,576
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 25,485 1
Bank loans and overdrafts 14,812 10,140
Amounts owed to participating interests 4,540 10,000
Other creditors 35,173 35,787
Taxation and social security 149,474 60,460
229,484 116,388
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans - 14,808
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 8,000 8,000
10. Related Party Transactions
ECC PartnershipAssociateDuring the year, ECC Partnership of which M A Bodenham and N R Weir are the partners, undertook various transactions with Sheerspire Limited. ECC Partnership paid for costs on behalf of Sheerspire Limited amounting to £6,540 (PY £nil) and made sales to Sheerspire Limited amount to £8,714 (PY £nil). The amount owed to ECC Partnership at the year end is £4,540 (PY £nil).

ECC Partnership

Associate

During the year, ECC Partnership of which M A Bodenham and N R Weir are the partners, undertook various transactions with Sheerspire Limited. ECC Partnership paid for costs on behalf of Sheerspire Limited amounting to £6,540 (PY £nil) and made sales to Sheerspire Limited amount to £8,714 (PY £nil). The amount owed to ECC Partnership at the year end is £4,540 (PY £nil).

ECC Group Holdings LimitedParent companyDurng the year, ECC Group Holdings Limited transferred monies of £55,000 (PY £nil) and Sheerspire Limited paid costs on behalf of ECC Group Holdings Limited amounting to £264,204 (PY £nil). The amount due to Sheerspire Limited at the year end is £209,204 (PY £nil).

ECC Group Holdings Limited

Parent company

Durng the year, ECC Group Holdings Limited transferred monies of £55,000 (PY £nil) and Sheerspire Limited paid costs on behalf of ECC Group Holdings Limited amounting to £264,204 (PY £nil). The amount due to Sheerspire Limited at the year end is £209,204 (PY £nil).

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The loans are interest free with no fixed plans for repayment.
11. Ultimate Parent Undertaking and Controlling Party
The company's immediate and ultimate parent undertaking is ECC Group Holdings Limited . ECC Group Holdings Limited was incorporated in England & Wales. Copies of the group accounts may be obtained from the secretary, 19 Peel Street, Marsden, Huddersfield, HD7 6BW . The ultimate controlling party is Mr M A Bodenham who controls 50% of the shares of Sheerspire Limited .
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