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 03671997 Mr Andy Mumford iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 03671997 2023-12-31 03671997 2024-12-31 03671997 2024-01-01 2024-12-31 03671997 frs-core:CurrentFinancialInstruments 2024-12-31 03671997 frs-core:Non-currentFinancialInstruments 2024-12-31 03671997 frs-core:ComputerEquipment 2024-12-31 03671997 frs-core:ComputerEquipment 2024-01-01 2024-12-31 03671997 frs-core:ComputerEquipment 2023-12-31 03671997 frs-core:MotorVehicles 2024-12-31 03671997 frs-core:MotorVehicles 2024-01-01 2024-12-31 03671997 frs-core:MotorVehicles 2023-12-31 03671997 frs-core:PlantMachinery 2024-12-31 03671997 frs-core:PlantMachinery 2024-01-01 2024-12-31 03671997 frs-core:PlantMachinery 2023-12-31 03671997 frs-core:SharePremium 2024-12-31 03671997 frs-core:ShareCapital 2024-12-31 03671997 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 03671997 frs-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 03671997 frs-bus:FilletedAccounts 2024-01-01 2024-12-31 03671997 frs-bus:SmallEntities 2024-01-01 2024-12-31 03671997 frs-bus:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 03671997 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 03671997 frs-bus:Director1 2024-01-01 2024-12-31 03671997 frs-bus:Director1 2023-12-31 03671997 frs-bus:Director1 2024-12-31 03671997 frs-countries:EnglandWales 2024-01-01 2024-12-31 03671997 2022-12-31 03671997 2023-12-31 03671997 2023-01-01 2023-12-31 03671997 frs-core:CurrentFinancialInstruments 2023-12-31 03671997 frs-core:Non-currentFinancialInstruments 2023-12-31 03671997 frs-core:SharePremium 2023-12-31 03671997 frs-core:ShareCapital 2023-12-31 03671997 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31
Registered number: 03671997
Abrasive Power Tools Limited
Unaudited Financial Statements
For The Year Ended 31 December 2024
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Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 03671997
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 13,263 5,610
13,263 5,610
CURRENT ASSETS
Stocks 5 78,475 76,620
Debtors 6 49,394 44,360
Cash at bank and in hand 7,981 42,113
135,850 163,093
Creditors: Amounts Falling Due Within One Year 7 (137,032 ) (34,677 )
NET CURRENT ASSETS (LIABILITIES) (1,182 ) 128,416
TOTAL ASSETS LESS CURRENT LIABILITIES 12,081 134,026
Creditors: Amounts Falling Due After More Than One Year 8 (1,887 ) (80,961 )
NET ASSETS 10,194 53,065
CAPITAL AND RESERVES
Called up share capital 9 1,400 1,400
Share premium account 399,600 399,600
Profit and Loss Account (390,806 ) (347,935 )
SHAREHOLDERS' FUNDS 10,194 53,065
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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 Andy Mumford
Director
08/08/2025
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
Abrasive Power Tools Limited is a private company, limited by shares, incorporated in England & Wales, registered number 03671997 . The registered office is 1 The Courtyard Goldsmith Way, Eliot Business Park, Nuneaton, Warwickshire, CV10 7RJ.
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 25% Straight line
Motor Vehicles 25% Straight line
Computer Equipment 25% Straight line
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. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 4 (2023: 4)
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4. Tangible Assets
Plant & Machinery Motor Vehicles Computer Equipment Total
£ £ £ £
Cost
As at 1 January 2024 9,244 24,457 795 34,496
Additions 4,113 7,124 - 11,237
As at 31 December 2024 13,357 31,581 795 45,733
Depreciation
As at 1 January 2024 5,417 23,446 23 28,886
Provided during the period 2,311 1,011 262 3,584
As at 31 December 2024 7,728 24,457 285 32,470
Net Book Value
As at 31 December 2024 5,629 7,124 510 13,263
As at 1 January 2024 3,827 1,011 772 5,610
5. Stocks
2024 2023
£ £
Stock 78,475 76,620
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 11,165 39,316
Other debtors 38,229 5,044
49,394 44,360
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 13,991 2,370
Bank loans and overdrafts 91,837 15,430
Other taxes and social security - 2,819
VAT 15,707 9,031
Other creditors - 4,352
Accruals and deferred income 1,500 675
Director's loan account 13,997 -
137,032 34,677
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8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 1,887 61,596
Other creditors - 19,365
1,887 80,961
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1,400 1,400
10. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 January 2024 Amounts advanced Amounts repaid Amounts written off As at 31 December 2024
£ £ £ £ £
Mr Andy Mumford - (13,997 ) - - (13,997 )
The above loan is unsecured, interest free and repayable on demand.
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