Acorah Software Products - Accounts Production 16.5.460 false true true 31 December 2023 1 January 2023 false 30 September 2025 1 January 2024 31 December 2024 31 December 2024 03880195 Mr James Steiger Mr Joshua Steiger iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 03880195 2023-12-31 03880195 2024-12-31 03880195 2024-01-01 2024-12-31 03880195 frs-core:CurrentFinancialInstruments 2024-12-31 03880195 frs-core:Non-currentFinancialInstruments 2024-12-31 03880195 frs-core:BetweenOneFiveYears 2024-12-31 03880195 frs-core:ComputerEquipment 2024-12-31 03880195 frs-core:ComputerEquipment 2024-01-01 2024-12-31 03880195 frs-core:ComputerEquipment 2023-12-31 03880195 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2024-01-01 2024-12-31 03880195 frs-core:FurnitureFittings 2024-12-31 03880195 frs-core:FurnitureFittings 2024-01-01 2024-12-31 03880195 frs-core:FurnitureFittings 2023-12-31 03880195 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-12-31 03880195 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-01-01 2024-12-31 03880195 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-12-31 03880195 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-12-31 03880195 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 03880195 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-12-31 03880195 frs-core:MotorVehicles 2024-12-31 03880195 frs-core:MotorVehicles 2024-01-01 2024-12-31 03880195 frs-core:MotorVehicles 2023-12-31 03880195 frs-core:OtherResidualIntangibleAssets 2024-12-31 03880195 frs-core:OtherResidualIntangibleAssets 2024-01-01 2024-12-31 03880195 frs-core:OtherResidualIntangibleAssets 2023-12-31 03880195 frs-core:PlantMachinery 2024-12-31 03880195 frs-core:PlantMachinery 2024-01-01 2024-12-31 03880195 frs-core:PlantMachinery 2023-12-31 03880195 frs-core:WithinOneYear 2024-12-31 03880195 frs-core:ShareCapital 2024-12-31 03880195 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 03880195 frs-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 03880195 frs-bus:FilletedAccounts 2024-01-01 2024-12-31 03880195 frs-bus:SmallEntities 2024-01-01 2024-12-31 03880195 frs-bus:Audited 2024-01-01 2024-12-31 03880195 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 03880195 frs-bus:OrdinaryShareClass1 2024-01-01 2024-12-31 03880195 frs-bus:OrdinaryShareClass1 2024-12-31 03880195 frs-bus:OrdinaryShareClass2 2024-01-01 2024-12-31 03880195 frs-bus:OrdinaryShareClass2 2024-12-31 03880195 frs-bus:OrdinaryShareClass3 2024-01-01 2024-12-31 03880195 frs-bus:OrdinaryShareClass3 2024-12-31 03880195 frs-bus:OrdinaryShareClass4 2024-01-01 2024-12-31 03880195 frs-bus:OrdinaryShareClass4 2024-12-31 03880195 frs-bus:Director1 2024-01-01 2024-12-31 03880195 frs-bus:CompanySecretary1 2024-01-01 2024-12-31 03880195 frs-countries:EnglandWales 2024-01-01 2024-12-31 03880195 2022-12-31 03880195 2023-12-31 03880195 2023-01-01 2023-12-31 03880195 frs-core:CurrentFinancialInstruments 2023-12-31 03880195 frs-core:Non-currentFinancialInstruments 2023-12-31 03880195 frs-core:BetweenOneFiveYears 2023-12-31 03880195 frs-core:MotorVehicles 2023-01-01 2023-12-31 03880195 frs-core:WithinOneYear 2023-12-31 03880195 frs-core:ShareCapital 2023-12-31 03880195 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 03880195 frs-bus:OrdinaryShareClass1 2023-01-01 2023-12-31 03880195 frs-bus:OrdinaryShareClass2 2023-01-01 2023-12-31 03880195 frs-bus:OrdinaryShareClass3 2023-01-01 2023-12-31 03880195 frs-bus:OrdinaryShareClass4 2023-01-01 2023-12-31
Registered number: 03880195
Advanced Comprehensive Engineering Services Limited
Financial Statements
For The Year Ended 31 December 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—7
Page 1
Balance Sheet
Registered number: 03880195
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 124 3,349
Tangible Assets 5 578,788 644,111
578,912 647,460
CURRENT ASSETS
Stocks 6 770,965 833,106
Debtors 7 893,414 1,057,583
Cash at bank and in hand 442,089 165,343
2,106,468 2,056,032
Creditors: Amounts Falling Due Within One Year 8 (1,750,863 ) (1,610,129 )
NET CURRENT ASSETS (LIABILITIES) 355,605 445,903
TOTAL ASSETS LESS CURRENT LIABILITIES 934,517 1,093,363
Creditors: Amounts Falling Due After More Than One Year 9 (375,482 ) (522,689 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (28,363 ) (41,524 )
NET ASSETS 530,672 529,150
CAPITAL AND RESERVES
Called up share capital 12 303 303
Profit and Loss Account 530,369 528,847
SHAREHOLDERS' FUNDS 530,672 529,150
Page 1
Page 2
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 James Steiger
Director
30 September 2025
The notes on pages 3 to 7 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Advanced Comprehensive Engineering Services Limited is a private company, limited by shares, incorporated in England & Wales, registered number 03880195 . The registered office is Unit 4 Tower Estate, Warpsgrove Lane, Chalgrove, Oxfordshire, OX44 7XZ.
The presentation currency of the financial statements is the Pound Sterling (£).
Accounts are rounded to the nearest pound.
The accounts represent the company as an individual entity.
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. Going Concern Disclosure
The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.
2.3. Significant judgements and estimations
The preparation of financial statements requires the use of estimates and assumptions that affect reported amounts of assets and liabilities at the date of the financial statements, and revenues and expenses during the reporting period. These estimates and assumptions are based on management's best knowledge of the amount, events or actions. Actual results may differ from those amounts.
2.4. 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.
2.5. Intangible Fixed Assets and Amortisation - Other Intangible
Other intangible asset is computer software. It is amortised to the profit and loss account over its estimated economic life of four years.
2.6. 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 2% on cost
Leasehold 10% on cost
Plant & Machinery 25% on cost
Motor Vehicles 25% on cost
Fixtures & Fittings 25% on cost
Computer Equipment 33% on cost
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2.7. 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.
2.8. 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.
2.9. 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.
2.10. 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: 35 (2023: 40)
35 40
4. Intangible Assets
Other
£
Cost
As at 1 January 2024 28,820
As at 31 December 2024 28,820
Amortisation
As at 1 January 2024 25,471
Provided during the period 3,225
As at 31 December 2024 28,696
...CONTINUED
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Net Book Value
As at 31 December 2024 124
As at 1 January 2024 3,349
5. Tangible Assets
Land & Property
Freehold Leasehold Plant & Machinery Motor Vehicles
£ £ £ £
Cost
As at 1 January 2024 474,790 46,959 245,534 337,361
Additions - - 3,395 -
As at 31 December 2024 474,790 46,959 248,929 337,361
Depreciation
As at 1 January 2024 49,854 989 191,591 227,563
Provided during the period 9,495 613 22,809 33,415
As at 31 December 2024 59,349 1,602 214,400 260,978
Net Book Value
As at 31 December 2024 415,441 45,357 34,529 76,383
As at 1 January 2024 424,936 45,970 53,943 109,798
Fixtures & Fittings Computer Equipment Total
£ £ £
Cost
As at 1 January 2024 4,533 72,595 1,181,772
Additions 2,970 - 6,365
As at 31 December 2024 7,503 72,595 1,188,137
Depreciation
As at 1 January 2024 2,643 65,021 537,661
Provided during the period 1,448 3,908 71,688
As at 31 December 2024 4,091 68,929 609,349
Net Book Value
As at 31 December 2024 3,412 3,666 578,788
As at 1 January 2024 1,890 7,574 644,111
Included above are assets held under finance leases or hire purchase contracts with a net book value as follows:
2024 2023
£ £
Motor Vehicles 76,387 109,802
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6. Stocks
2024 2023
£ £
Stock 734,056 704,731
Work in progress 36,909 128,375
770,965 833,106
7. Debtors
2024 2023
£ £
Due within one year
Trade debtors 820,780 985,503
Other debtors 72,634 72,080
893,414 1,057,583
8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 39,043 40,894
Trade creditors 475,201 590,410
Bank loans and overdrafts 112,149 76,581
Other creditors 841,228 635,973
Taxation and social security 283,242 266,271
1,750,863 1,610,129
9. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 27,631 63,615
Bank loans 347,851 459,074
375,482 522,689
10. Secured Creditors
Of the creditors the following amounts are secured.
Security is provided by way of:
  • First legal charge over Unit 4 Tower Estate, Chalgrove, Oxfordshire, OX44 7XZ in favour of National Westminster Bank PLC created 8 October 2013
  • Fixed or floating charge over company assets in favour of RBS Invoice Finance Limited created 23 April 2013
2024 2023
£ £
Bank loans and overdrafts 460,000 535,654
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11. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year 43,723 48,616
Later than one year and not later than five years 29,048 69,169
72,771 117,785
Less: Finance charges allocated to future periods 6,097 13,276
66,674 104,509
12. Share Capital
2024 2023
Allotted, called up and fully paid £ £
300 Ordinary Shares of £ 1.00 each 300 300
1 Ordinary A shares of £ 1.00 each 1 1
1 Ordinary B shares of £ 1.00 each 1 1
1 Ordinary C shares of £ 1.00 each 1 1
303 303
13. FRC's Ethical Standard - Provision Available for Small Entities
In common with other businesses of our size and nature we use our auditors to prepare and submit returns to the tax authorities and assist with the preparation of the financial statements.
14. Audit Information
The auditor's report on the accounts of Advanced Comprehensive Engineering Services Limited for the year ended 31 December 2024 was unqualified.
The auditor's report was signed by Katie Wood FCA FCCA (Senior Statutory Auditor) for and on behalf of JWR Audit Limited , Statutory Auditor.
JWR Audit Limited
24 Picton House Hussar Court, Westside View
Waterlooville
PO7 7SQ
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