Acorah Software Products - Accounts Production 16.4.675 false true 30 June 2024 1 July 2023 false 1 July 2024 30 June 2025 30 June 2025 07295177 Mr Andrew Davies Mr Joshua Davies Mrs Karen Davies iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 07295177 2024-06-30 07295177 2025-06-30 07295177 2024-07-01 2025-06-30 07295177 frs-core:CurrentFinancialInstruments 2025-06-30 07295177 frs-core:Non-currentFinancialInstruments 2025-06-30 07295177 frs-core:BetweenOneFiveYears 2025-06-30 07295177 frs-core:ComputerEquipment 2025-06-30 07295177 frs-core:ComputerEquipment 2024-07-01 2025-06-30 07295177 frs-core:ComputerEquipment 2024-06-30 07295177 frs-core:FurnitureFittings 2025-06-30 07295177 frs-core:FurnitureFittings 2024-07-01 2025-06-30 07295177 frs-core:FurnitureFittings 2024-06-30 07295177 frs-core:NetGoodwill 2025-06-30 07295177 frs-core:NetGoodwill 2024-07-01 2025-06-30 07295177 frs-core:NetGoodwill 2024-06-30 07295177 frs-core:MotorVehicles 2025-06-30 07295177 frs-core:MotorVehicles 2024-07-01 2025-06-30 07295177 frs-core:MotorVehicles 2024-06-30 07295177 frs-core:PlantMachinery 2025-06-30 07295177 frs-core:PlantMachinery 2024-07-01 2025-06-30 07295177 frs-core:PlantMachinery 2024-06-30 07295177 frs-core:ShareCapital 2025-06-30 07295177 frs-core:RetainedEarningsAccumulatedLosses 2025-06-30 07295177 frs-bus:PrivateLimitedCompanyLtd 2024-07-01 2025-06-30 07295177 frs-bus:FilletedAccounts 2024-07-01 2025-06-30 07295177 frs-bus:SmallEntities 2024-07-01 2025-06-30 07295177 frs-bus:AuditExempt-NoAccountantsReport 2024-07-01 2025-06-30 07295177 frs-bus:SmallCompaniesRegimeForAccounts 2024-07-01 2025-06-30 07295177 frs-bus:OrdinaryShareClass1 2024-07-01 2025-06-30 07295177 frs-bus:OrdinaryShareClass1 2025-06-30 07295177 frs-bus:OrdinaryShareClass2 2024-07-01 2025-06-30 07295177 frs-bus:OrdinaryShareClass2 2025-06-30 07295177 frs-core:DeferredTaxation 2024-06-30 07295177 frs-core:DeferredTaxation 2025-06-30 07295177 frs-bus:Director1 2024-07-01 2025-06-30 07295177 frs-bus:Director2 2024-07-01 2025-06-30 07295177 frs-bus:Director3 2024-07-01 2025-06-30 07295177 frs-core:CurrentFinancialInstruments 1 2025-06-30 07295177 2 2024-07-01 2025-06-30 07295177 frs-countries:EnglandWales 2024-07-01 2025-06-30 07295177 2023-06-30 07295177 2024-06-30 07295177 2023-07-01 2024-06-30 07295177 frs-core:CurrentFinancialInstruments 2024-06-30 07295177 frs-core:Non-currentFinancialInstruments 2024-06-30 07295177 frs-core:BetweenOneFiveYears 2024-06-30 07295177 frs-core:WithinOneYear 2024-06-30 07295177 frs-core:ShareCapital 2024-06-30 07295177 frs-core:RetainedEarningsAccumulatedLosses 2024-06-30 07295177 frs-bus:OrdinaryShareClass1 2023-07-01 2024-06-30 07295177 frs-bus:OrdinaryShareClass2 2023-07-01 2024-06-30 07295177 frs-core:CurrentFinancialInstruments 1 2024-06-30
Registered number: 07295177
Waterside Fabrications Limited
Financial Statements
For The Year Ended 30 June 2025
Simple Accounting NW Ltd
4-4a Blackburn Road
Accrington
BB5 1HD
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 07295177
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 5 52,269 31,812
52,269 31,812
CURRENT ASSETS
Stocks - 9,400
Debtors 6 132,646 138,876
Cash at bank and in hand 48,152 62,524
180,798 210,800
Creditors: Amounts Falling Due Within One Year 7 (121,211 ) (104,980 )
NET CURRENT ASSETS (LIABILITIES) 59,587 105,820
TOTAL ASSETS LESS CURRENT LIABILITIES 111,856 137,632
Creditors: Amounts Falling Due After More Than One Year 8 - (706 )
NET ASSETS 111,856 136,926
CAPITAL AND RESERVES
Called up share capital 11 100 100
Profit and Loss Account 111,756 136,826
SHAREHOLDERS' FUNDS 111,856 136,926
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For the year ending 30 June 2025 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 Andrew Davies
Director
Mr Joshua Davies
Director
Mrs Karen Davies
Director
18 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
Waterside Fabrications Limited is a private company, limited by shares, incorporated in England & Wales, registered number 07295177 . The registered office is Fulshaw View Pasture Lane, Barrowford, Nelson, England, BB9 6QZ.
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.
2.3. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of 10 years.
2.4. 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 20% RBM
Motor Vehicles 25% RBM
Fixtures & Fittings 10% on cost
Computer Equipment 33% on cost
2.5. Leasing and Hire Purchase Contracts
Assets obtained under hire purchase contracts and 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 profit and loss account as incurred.
2.6. 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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2.7. 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 (2024: 8)
7 8
4. Intangible Assets
Goodwill
£
Cost
As at 1 July 2024 24,000
As at 30 June 2025 24,000
Amortisation
As at 1 July 2024 24,000
As at 30 June 2025 24,000
Net Book Value
As at 30 June 2025 -
As at 1 July 2024 -
5. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 July 2024 19,324 78,861 7,191 1,572 106,948
Additions 303 - 32,619 723 33,645
As at 30 June 2025 19,627 78,861 39,810 2,295 140,593
...CONTINUED
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Depreciation
As at 1 July 2024 15,923 54,453 3,188 1,572 75,136
Provided during the period 741 4,882 7,324 241 13,188
As at 30 June 2025 16,664 59,335 10,512 1,813 88,324
Net Book Value
As at 30 June 2025 2,963 19,526 29,298 482 52,269
As at 1 July 2024 3,401 24,408 4,003 - 31,812
6. Debtors
2025 2024
£ £
Due within one year
Trade debtors 132,841 142,484
Other debtors 9,736 2,436
Deferred tax current asset (9,931) (6,044)
132,646 138,876
7. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Net obligations under finance lease and hire purchase contracts - 4,068
Trade creditors 57,858 68,083
Corporation tax 16,349 7,293
Other taxes and social security 1,855 1,856
VAT 43,315 21,874
Pension 323 747
Other creditors - Credit Card (245 ) (245 )
Accruals and deferred income 1,380 1,284
Directors' loan accounts 376 20
121,211 104,980
8. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Net obligations under finance lease and hire purchase contracts - 706
9. Obligations Under Finance Leases and Hire Purchase
2025 2024
£ £
The future minimum finance lease payments are as follows:
Not later than one year - 4,068
Later than one year and not later than five years - 706
- 4,774
- 4,774
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10. Provisions for Liabilities
Deferred Tax Total
£ £
As at 1 July 2024 6,044 6,044
Origination and reversal of timing differences 3,887 3,887
Balance at 30 June 2025 9,931 9,931
11. Share Capital
2025 2024
Allotted, called up and fully paid £ £
80 Ordinary Shares of £ 1.000 each 80 80
20 Ordinary A shares of £ 1.000 each 20 20
100 100
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