Acorah Software Products - Accounts Production 16.5.460 false true 28 February 2024 1 March 2023 false 29 February 2024 28 February 2025 28 February 2025 9428485 Mr Roger Stacey Mrs Jacqueline Stacey iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 9428485 2024-02-28 9428485 2025-02-28 9428485 2024-02-29 2025-02-28 9428485 frs-core:CurrentFinancialInstruments 2025-02-28 9428485 frs-core:Non-currentFinancialInstruments 2025-02-28 9428485 frs-core:BetweenOneFiveYears 2025-02-28 9428485 frs-core:FurnitureFittings 2025-02-28 9428485 frs-core:FurnitureFittings 2024-02-29 2025-02-28 9428485 frs-core:FurnitureFittings 2024-02-28 9428485 frs-core:NetGoodwill 2025-02-28 9428485 frs-core:NetGoodwill 2024-02-29 2025-02-28 9428485 frs-core:NetGoodwill 2024-02-28 9428485 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2025-02-28 9428485 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-02-29 2025-02-28 9428485 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-02-28 9428485 frs-core:MotorVehicles 2025-02-28 9428485 frs-core:MotorVehicles 2024-02-29 2025-02-28 9428485 frs-core:MotorVehicles 2024-02-28 9428485 frs-core:PlantMachinery 2025-02-28 9428485 frs-core:PlantMachinery 2024-02-29 2025-02-28 9428485 frs-core:PlantMachinery 2024-02-28 9428485 frs-core:ShareCapital 2025-02-28 9428485 frs-core:RetainedEarningsAccumulatedLosses 2025-02-28 9428485 frs-bus:PrivateLimitedCompanyLtd 2024-02-29 2025-02-28 9428485 frs-bus:FilletedAccounts 2024-02-29 2025-02-28 9428485 frs-bus:SmallEntities 2024-02-29 2025-02-28 9428485 frs-bus:AuditExempt-NoAccountantsReport 2024-02-29 2025-02-28 9428485 frs-bus:SmallCompaniesRegimeForAccounts 2024-02-29 2025-02-28 9428485 frs-bus:Director1 2024-02-29 2025-02-28 9428485 frs-bus:Director2 2024-02-29 2025-02-28 9428485 frs-countries:EnglandWales 2024-02-29 2025-02-28 9428485 2023-02-28 9428485 2024-02-28 9428485 2023-03-01 2024-02-28 9428485 frs-core:CurrentFinancialInstruments 2024-02-28 9428485 frs-core:Non-currentFinancialInstruments 2024-02-28 9428485 frs-core:BetweenOneFiveYears 2024-02-28 9428485 frs-core:ShareCapital 2024-02-28 9428485 frs-core:RetainedEarningsAccumulatedLosses 2024-02-28
Registered number: 9428485
RA Stacey Plant Hire Ltd
Unaudited Financial Statements
For The Year Ended 28 February 2025
GC Accounting Ltd
FMAAT
Unit 2A Miers Business Park
Creeches Lane
Walton
Somerset
BA16 9RR
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—7
Page 1
Balance Sheet
Registered number: 9428485
2025 2024
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 2,000 2,000
Tangible Assets 5 965,831 820,495
967,831 822,495
CURRENT ASSETS
Stocks 6 3,263 3,751
Debtors 7 133,515 125,017
Cash at bank and in hand - 103,990
136,778 232,758
Creditors: Amounts Falling Due Within One Year 8 (76,615 ) (90,657 )
NET CURRENT ASSETS (LIABILITIES) 60,163 142,101
TOTAL ASSETS LESS CURRENT LIABILITIES 1,027,994 964,596
Creditors: Amounts Falling Due After More Than One Year 9 (434,833 ) (376,253 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (92,516 ) -
NET ASSETS 500,645 588,343
CAPITAL AND RESERVES
Called up share capital 11 100 100
Profit and Loss Account 500,545 588,243
SHAREHOLDERS' FUNDS 500,645 588,343
Page 1
Page 2
For the year ending 28 February 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 Roger Stacey
Director
9th October 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
RA Stacey Plant Hire Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 9428485 . The registered office is Unit 2a Miers Business Park, Creeches Lane , Walton , Somerset, BA16 9RR.
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. 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 the profit and loss account over its estimated economic life of .... 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:
Freehold No Depreciation
Plant & Machinery 20% Reducing Balance
Motor Vehicles 20% Reducing Balance
Fixtures & Fittings 20% Reducing Balance
Page 3
Page 4
2.5. 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.
2.6. 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.
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 year 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 asset reflects 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 or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
Page 4
Page 5
3. Average Number of Employees
Average number of employees, including directors, during the year was:
2025 2024
Office and administration 1 1
Sales, marketing and distribution 1 1
Manufacturing 6 6
8 8
4. Intangible Assets
Goodwill
£
Cost
As at 29 February 2024 2,000
As at 28 February 2025 2,000
Net Book Value
As at 28 February 2025 2,000
As at 29 February 2024 2,000
5. Tangible Assets
Land & Property
Freehold Plant & Machinery Motor Vehicles Fixtures & Fittings Total
£ £ £ £ £
Cost
As at 29 February 2024 36,838 1,335,629 279,786 1,747 1,654,000
Additions - 405,858 10,656 - 416,514
Disposals - (82,037 ) (37,500 ) - (119,537 )
As at 28 February 2025 36,838 1,659,450 252,942 1,747 1,950,977
Depreciation
As at 29 February 2024 - 676,587 155,912 1,006 833,505
Provided during the period - 207,534 24,565 148 232,247
Disposals - (54,811 ) (25,795 ) - (80,606 )
As at 28 February 2025 - 829,310 154,682 1,154 985,146
Net Book Value
As at 28 February 2025 36,838 830,140 98,260 593 965,831
As at 29 February 2024 36,838 659,042 123,874 741 820,495
Page 5
Page 6
6. Stocks
2025 2024
£ £
Work in progress 3,263 3,751
7. Debtors
2025 2024
£ £
Due within one year
Trade debtors 89,069 70,699
Prepayments and accrued income 4,718 3,237
Other debtors 39,728 51,081
133,515 125,017
8. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 6,625 492
Bank loans and overdrafts 1,561 -
Other taxes and social security 9,938 5,471
VAT Control Account 21,605 44,914
Net wages 14,093 15,013
Other creditors - Pension payable 925 1,044
Accruals and deferred income 1,123 980
Directors' loan accounts 13,473 19,107
Dividends Unpaid 7,272 3,636
76,615 90,657
9. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Net obligations under finance lease and hire purchase contracts 420,876 352,973
Bank loans 13,957 23,280
434,833 376,253
10. Obligations Under Finance Leases and Hire Purchase
2025 2024
£ £
The future minimum finance lease payments are as follows:
Later than one year and not later than five years 420,876 352,973
Page 6
Page 7
11. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 100 100
Page 7