Acorah Software Products - Accounts Production 16.5.460 false true true 31 January 2024 1 February 2023 false 1 February 2024 31 January 2025 31 January 2025 06464274 Mr Richard Morling Mr Nicholas Norris iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 06464274 2024-01-31 06464274 2025-01-31 06464274 2024-02-01 2025-01-31 06464274 frs-core:Non-currentFinancialInstruments 2025-01-31 06464274 frs-core:FurnitureFittings 2024-02-01 2025-01-31 06464274 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-02-01 2025-01-31 06464274 frs-core:MotorVehicles 2024-02-01 2025-01-31 06464274 frs-core:ShareCapital 2025-01-31 06464274 frs-core:RetainedEarningsAccumulatedLosses 2025-01-31 06464274 frs-bus:PrivateLimitedCompanyLtd 2024-02-01 2025-01-31 06464274 frs-bus:AbridgedAccounts 2024-02-01 2025-01-31 06464274 frs-bus:SmallEntities 2024-02-01 2025-01-31 06464274 frs-bus:AuditExempt-NoAccountantsReport 2024-02-01 2025-01-31 06464274 frs-bus:SmallCompaniesRegimeForAccounts 2024-02-01 2025-01-31 06464274 frs-bus:Director1 2024-02-01 2025-01-31 06464274 frs-bus:Director1 2024-01-31 06464274 frs-bus:Director1 2025-01-31 06464274 frs-bus:Director2 2024-02-01 2025-01-31 06464274 frs-countries:EnglandWales 2024-02-01 2025-01-31 06464274 2023-01-31 06464274 2024-01-31 06464274 2023-02-01 2024-01-31 06464274 frs-core:Non-currentFinancialInstruments 2024-01-31 06464274 frs-core:ShareCapital 2024-01-31 06464274 frs-core:RetainedEarningsAccumulatedLosses 2024-01-31
Registered number: 06464274
Sefton Limited
Unaudited ABRIDGED Financial Statements
For The Year Ended 31 January 2025
Dawes Accountants Limited
Sefton Limited
Contents
Contents

| Page
--- | ---
Abridged Statement of Financial Position | 1—2
Notes to the Abridged Financial Statements | 3—6

Page 1
Sefton Limited
Abridged Statement of Financial Position
As At 31 January 2025
Abridged Statement of Financial Position
Registered number: 06464274

| 2025 | 2024
--- | --- | ---
| Notes | £ | £ | £ | £
FIXED ASSETS
Tangible Assets | 4 |  | 42,832 |  | 28,574
|  |  | 42,832 |  | 28,574
CURRENT ASSETS
Stocks |  | 2,228 |  | 1,820 |
Debtors | 5 | 443,823 |  | 346,551 |
Cash at bank and in hand |  | 7,100 |  | 43,333 |
|  | 453,151 |  | 391,704 |
Creditors: Amounts Falling Due Within One Year |  | (361,531 ) |  | (297,364 ) |
NET CURRENT ASSETS (LIABILITIES) |  |  | 91,620 |  | 94,340
TOTAL ASSETS LESS CURRENT LIABILITIES |  |  | 134,452 |  | 122,914
Creditors: Amounts Falling Due After More Than One Year |  |  | (3,767 ) |  | (13,342 )
PROVISIONS FOR LIABILITIES
Deferred Taxation |  |  | (14,126 ) |  | (12,215 )
NET ASSETS |  |  | 116,559 |  | 97,357
CAPITAL AND RESERVES
Called up share capital | 6 |  | 3 |  | 3
Income Statement |  |  | 116,556 |  | 97,354
SHAREHOLDERS' FUNDS |  |  | 116,559 |  | 97,357

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Sefton Limited
Abridged Statement of Financial Position (continued)
As At 31 January 2025
For the year ending 31 January 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 Income Statement.
All of the company's members have consented to the preparation of an Abridged Income Statement and an Abridged Statement of Financial Position for the year end 31 January 2025 in accordance with section 444(2A) of the Companies Act 2006.
On behalf of the board

Mr Richard Morling Director
08/10/2025

The notes on pages 3 to 6 form part of these financial statements.
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Sefton Limited
Notes to the Abridged Financial Statements
For The Year Ended 31 January 2025
Notes to the Abridged Financial Statements
1. General Information
Sefton Limited is a private company, limited by shares, incorporated in England & Wales, registered number 06464274 . The registered office is Units 10-11 Torbay Trading Estate, New Road, Brixham, Devon, TQ5 8UA.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
Accounting convention
The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
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. 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.
2.4. 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:

Leasehold | Straight line over the life of the lease
Motor Vehicles | 20% Reducing Balance
Fixtures & Fittings | 20% Reducing Balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.
Impairment of fixed assets
At each reporting period end date, the company reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.
Recoverable amount is the higher of fair value less costs to sell and value in use. In assessing value in use, the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset for which the estimates of future cash flows have not been adjusted.
If the recoverable amount of an asset (or cash-generating unit) is estimated to be less than its carrying amount, the carrying amount of the asset (or cash-generating unit) is reduced to its recoverable amount.
An impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the impairment loss is treated as a revaluation decrease.
...CONTINUED
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Sefton Limited
Notes to the Abridged Financial Statements (continued)
For The Year Ended 31 January 2025
2.4. Tangible Fixed Assets and Depreciation - continued
Recognised impairment losses are reversed if, and only if, the reasons for the impairment loss have ceased to apply. Where an impairment loss subsequently reverses, the carrying amount of the asset (orcash-generating unit) is increased to the revised estimate of its recoverable amount, but so that the increased carrying amount does not exceed the carrying amount that would have been determined had no impairment loss been recognised for the asset (or cash-generating unit) in prior years. A reversal of an impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the reversal of the impairment loss is treated as a revaluation increase.
2.5. Leasing and Hire Purchase Contracts
Leases
Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the leases asset are consumed.
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.
Stocks held for distribution at no or nominal consideration are measued at the lower of cost and replacement cost, adjusted where applicable for any loss of service potential.
At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to completeand sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.
2.7. Financial Instruments
Basic financial assets, which include debtors and cash at bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at the market rate of interest. Financial assets are classified as receivable within one year and not amortised.
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
Basic financial liabilites, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initailly recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at thr present value of the future payments discounted at the market rate of interest. Financial liabilities classified as payable within one year are not amortised.
Debt instruments are subsequently carried at amortised cost using the effective interest rate method.
Trade creditors are obligations to pay for good or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non current liabilities. Trade creditors are recognised initially at transaction price ans subsequently measured at amortised cost using the effective interest method.
Equity Instruments
Equity instruments issued by the compamy are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.
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Sefton Limited
Notes to the Abridged Financial Statements (continued)
For The Year Ended 31 January 2025
2.8. 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.
2.9. Cash and cash equivalents
Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
2.10. Provisions
Provisions are recognised when the company has a legal or constructive present obligation as a result of a past event, it is probable the the company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.
The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the reporting end date, taking into account the risks and uncertainties surrounding the obligation. Where the effect of the time value of money is material, the amount expected to be required to settle the obligation is recognised at present value. When a provision is measured at presnet value, the unwinding of the discount is recognised as a finace cost in the profit or loss in the period in which it arises.
2.11. Employee benefits
The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.
The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.
Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.
Retirement benefits
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 12 (2024: 11)
12 11
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Sefton Limited
Notes to the Abridged Financial Statements (continued)
For The Year Ended 31 January 2025
4. Tangible Assets

| Total
--- | ---
| £
Cost
As at 1 February 2024 | 162,236
Additions | 20,972
As at 31 January 2025 | 183,208
Depreciation
As at 1 February 2024 | 133,662
Provided during the period | 6,714
As at 31 January 2025 | 140,376
Net Book Value
As at 31 January 2025 | 42,832
As at 1 February 2024 | 28,574

5. Debtors

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Due after more than one year

Debtors include £267,567 (2024: £193,643) of trade debtors which have been assigned to a finance company on a full recourse basis and payments received in respect of assigned debtors of £168,667 (2024: £63,552) are included in creditors as per note 6 of the financial statements.
6. Share Capital

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Allotted, Called up and fully paid | 3 |  | 3

7. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:

| As at 1 February 2024 | Amounts advanced | Amounts repaid | Amounts written off | As at 31 January 2025
--- | --- | --- | --- | --- | ---
| £ | £ | £ | £ | £
Mr Richard Morling | 3,050 | 20,301 | 27,948 | - | 1,803

The above loan to director Mr Richard Morling is unsecured and although it is repayable on demand, it is expected to be repaid within nine months.
8. Related Party Transactions
The company has entered in to a lease agreement in respect of premises owned by the directors, Mr N P Norris & Mr R C Morling at an annual rent of £12,000 (2024: £12,000)
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