Acorah Software Products - Accounts Production 16.5.460 false true false 1 January 2024 31 December 2024 31 December 2024 13842975 Mr Kevin Randall iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 13842975 2023-12-31 13842975 2024-12-31 13842975 2024-01-01 2024-12-31 13842975 frs-core:CurrentFinancialInstruments 2024-12-31 13842975 frs-core:Non-currentFinancialInstruments 2024-12-31 13842975 frs-core:BetweenOneFiveYears 2024-12-31 13842975 frs-core:ComputerEquipment 2024-12-31 13842975 frs-core:ComputerEquipment 2024-01-01 2024-12-31 13842975 frs-core:ComputerEquipment 2023-12-31 13842975 frs-core:MotorVehicles 2024-12-31 13842975 frs-core:MotorVehicles 2024-01-01 2024-12-31 13842975 frs-core:MotorVehicles 2023-12-31 13842975 frs-core:PlantMachinery 2024-12-31 13842975 frs-core:PlantMachinery 2024-01-01 2024-12-31 13842975 frs-core:PlantMachinery 2023-12-31 13842975 frs-core:WithinOneYear 2024-12-31 13842975 frs-core:ShareCapital 2024-12-31 13842975 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 13842975 frs-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 13842975 frs-bus:FilletedAccounts 2024-01-01 2024-12-31 13842975 frs-bus:SmallEntities 2024-01-01 2024-12-31 13842975 frs-bus:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 13842975 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 13842975 frs-bus:Director1 2024-01-01 2024-12-31 13842975 frs-countries:EnglandWales 2024-01-01 2024-12-31
Registered number: 13842975
SFS Drywall Limited
Financial Statements
For The Year Ended 31 December 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 13842975
2024
Notes £ £
FIXED ASSETS
Tangible Assets 4 51,976
51,976
CURRENT ASSETS
Debtors 5 110,365
Cash at bank and in hand 1,461
111,826
Creditors: Amounts Falling Due Within One Year 6 (136,332 )
NET CURRENT ASSETS (LIABILITIES) (24,506 )
TOTAL ASSETS LESS CURRENT LIABILITIES 27,470
Creditors: Amounts Falling Due After More Than One Year 7 (10,174 )
NET ASSETS 17,296
CAPITAL AND RESERVES
Called up share capital 9 100
Profit and Loss Account 17,196
SHAREHOLDERS' FUNDS 17,296
Page 1
Page 2
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 Kevin Randall
Director
30th 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
SFS Drywall Limited is a private company, limited by shares, incorporated in England & Wales, registered number 13842975 . The registered office is 11 Ingleby Road, Ilford, IG1 4RX.
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 7% Reducing balance
Motor Vehicles 7% Reducing balance
Computer Equipment 7% Reducing balance
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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1
1
Page 3
Page 4
4. Tangible Assets
Plant & Machinery Motor Vehicles Computer Equipment Total
£ £ £ £
Cost
As at 1 January 2024 18,395 29,580 - 47,975
Additions 10,739 - 6,566 17,305
As at 31 December 2024 29,134 29,580 6,566 65,280
Depreciation
As at 1 January 2024 4,437 4,954 - 9,391
Provided during the period 1,729 1,724 460 3,913
As at 31 December 2024 6,166 6,678 460 13,304
Net Book Value
As at 31 December 2024 22,968 22,902 6,106 51,976
As at 1 January 2024 13,958 24,626 - 38,584
5. Debtors
2024
£
Due within one year
Trade debtors 5,606
Other debtors 104,759
110,365
6. Creditors: Amounts Falling Due Within One Year
2024
£
Net obligations under finance lease and hire purchase contracts 4,840
Other creditors 131,492
136,332
7. Creditors: Amounts Falling Due After More Than One Year
2024
£
Net obligations under finance lease and hire purchase contracts 10,174
8. Obligations Under Finance Leases and Hire Purchase
2024
£
The future minimum finance lease payments are as follows:
Not later than one year 4,840
Later than one year and not later than five years 10,174
15,014
15,014
Page 4
Page 5
9. Share Capital
2024
£
Allotted, Called up and fully paid 100
Page 5