Acorah Software Products - Accounts Production 16.5.460 false true true 5 April 2024 6 April 2023 true No description of principal activity 6 April 2024 5 April 2025 5 April 2025 00626466 Mr Marcus Darnell Mr William Bevan Mr David Bevan iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 00626466 2024-04-05 00626466 2025-04-05 00626466 2024-04-06 2025-04-05 00626466 frs-core:CurrentFinancialInstruments 2025-04-05 00626466 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2025-04-05 00626466 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-04-06 2025-04-05 00626466 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-04-05 00626466 frs-core:RevaluationReserve 2024-04-05 00626466 frs-core:RevaluationReserve 2025-04-05 00626466 frs-core:ShareCapital 2025-04-05 00626466 frs-core:RetainedEarningsAccumulatedLosses 2024-04-06 2025-04-05 00626466 frs-core:RetainedEarningsAccumulatedLosses 2025-04-05 00626466 frs-bus:PrivateLimitedCompanyLtd 2024-04-06 2025-04-05 00626466 frs-bus:FullAccounts 2024-04-06 2025-04-05 00626466 frs-bus:SmallEntities 2024-04-06 2025-04-05 00626466 frs-bus:AuditExemptWithAccountantsReport 2024-04-06 2025-04-05 00626466 frs-bus:SmallCompaniesRegimeForAccounts 2024-04-06 2025-04-05 00626466 frs-bus:SmallCompaniesRegimeForDirectorsReport 2024-04-06 2025-04-05 00626466 frs-bus:Director1 2024-04-06 2025-04-05 00626466 frs-bus:Director2 2024-04-06 2025-04-05 00626466 frs-bus:Director3 2024-04-06 2025-04-05 00626466 frs-countries:EnglandWales 2024-04-06 2025-04-05 00626466 2023-04-05 00626466 2024-04-05 00626466 2023-04-06 2024-04-05 00626466 frs-core:CurrentFinancialInstruments 2024-04-05 00626466 frs-core:RevaluationReserve 2023-04-05 00626466 frs-core:RevaluationReserve 2024-04-05 00626466 frs-core:ShareCapital 2023-04-05 00626466 frs-core:ShareCapital 2024-04-05 00626466 frs-core:RetainedEarningsAccumulatedLosses 2023-04-06 2024-04-05 00626466 frs-core:RetainedEarningsAccumulatedLosses frs-core:PreviouslyStatedAmount 2023-04-05 00626466 frs-core:RetainedEarningsAccumulatedLosses 2024-04-05
Registered number: 00626466
Bevan (Pencoed) Limited
Directors' Report and
Unaudited Financial Statements
For The Year Ended 5 April 2025
GK Accounting Services
168b Saron Road
Saron
Ammanford
Carmarthenshire
SA18 3LN
Contents
Page
Company Information 1
Directors' Report 2
Accountant's Report 3
Profit and Loss Account 4
Balance Sheet 5—6
Statement of Changes in Equity 7
Notes to the Financial Statements 8—11
Page 1
Company Information
Directors Mr Marcus Darnell
Mr William Bevan
Mr David Bevan
Company Number 00626466
Registered Office Hafan Deg
6 Bryn Teg
Llansadwrn
Anglesey
LL59 5ST
Accountants GK Accounting Services
168b Saron Road
Saron
Ammanford
Carmarthenshire
SA18 3LN
Page 1
Page 2
Directors' Report
The directors present their report and the financial statements for the year ended 5 April 2025.
Directors
The directors who held office during the year were as follows:
Mr Marcus Darnell
Mr William Bevan
Mr David Bevan
Statement of Directors' Responsibilities
The directors are responsible for preparing the Directors' Report and the financial statements in accordance with applicable law and regulations.
Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing the financial statements the directors are required to:
  • select suitable accounting policies and then apply them consistently;
  • make judgments and accounting estimates that are reasonable and prudent;
  • prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.
The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The directors are responsible for the maintenance and integrity of the corporate and financial information included on the company's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.
Small Company Rules
This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
On behalf of the board
Mr William Bevan
Director
10/10/2025
Page 2
Page 3
Accountant's Report
In accordance with the engagement letter dated 3 September 2024. and in order to assist you to fulfil your duties under the Companies Act 2006, we have compiled the financial statements of the company from the accounting records and information and explanations you have given to us.
This report is made to the directors in accordance with the terms of our engagement. Our work has been undertaken to prepare for approval by the directors the financial statements that we have been engaged to compile, to report to the directors that we have done so, and to state those matters that we have agreed to state to them in this report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the Company and the Company's directors for our work or for this report.
You have acknowledged on the balance sheet as at year ended 5 April 2025 your duty to ensure that the company has kept proper accounting records and to prepare financial statements that give a true and fair view under the Companies Act 2006. You consider that the company is exempt from the statutory requirement for an audit for the year.
We have not been instructed to carry out an audit of the financial statements. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the financial statements.
10/10/2025
GK Accounting Services
168b Saron Road
Saron
Ammanford
Carmarthenshire
SA18 3LN
Page 3
Page 4
Profit and Loss Account
2025 2024
Notes £ £
TURNOVER 34,994 34,663
Cost of sales (768 ) (3,203 )
GROSS PROFIT 34,226 31,460
Administrative expenses (38,651 ) (52,051 )
OPERATING LOSS AND LOSS BEFORE TAXATION (4,425 ) (20,591 )
Tax on Loss 841 3,912
LOSS AFTER TAXATION BEING LOSS FOR THE FINANCIAL YEAR (3,584 ) (16,679 )
The notes on pages 8 to 11 form part of these financial statements.
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Page 5
Balance Sheet
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 710,000 710,000
710,000 710,000
CURRENT ASSETS
Cash at bank and in hand 1,840 2,397
1,840 2,397
Creditors: Amounts Falling Due Within One Year 7 (106,713 ) (102,845 )
NET CURRENT ASSETS (LIABILITIES) (104,873 ) (100,448 )
TOTAL ASSETS LESS CURRENT LIABILITIES 605,127 609,552
PROVISIONS FOR LIABILITIES
Deferred Taxation 8 (32,559 ) (33,400 )
NET ASSETS 572,568 576,152
CAPITAL AND RESERVES
Called up share capital 9 531 531
Revaluation reserve 10 607,794 607,794
Profit and Loss Account (35,757 ) (32,173 )
SHAREHOLDERS' FUNDS 572,568 576,152
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For the year ending 5 April 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 in accordance with the provisions applicable to companies subject to the small companies regime.
On behalf of the board
Mr William Bevan
Director
10/10/2025
The notes on pages 8 to 11 form part of these financial statements.
Page 6
Page 7
Statement of Changes in Equity
Share Capital Revaluation reserve Profit and Loss Account Total
£ £ £ £
As at 6 April 2023 531 607,794 (15,494 ) 592,831
Loss for the year and total comprehensive income - - (16,679 ) (16,679)
As at 5 April 2024 and 6 April 2024 531 607,794 (32,173 ) 576,152
Loss for the year and total comprehensive income - - (3,584 ) (3,584)
As at 5 April 2025 531 607,794 (35,757 ) 572,568
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Page 8
Notes to the Financial Statements
1. General Information
Bevan (Pencoed) Limited is a private company, limited by shares, incorporated in England & Wales, registered number 00626466 . The registered office is Hafan Deg, 6 Bryn Teg, Llansadwrn, Anglesey, LL59 5ST.
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.
The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgement in applying the company's accounting policies (see note 3).
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. 
The directors of the company are continually reviewing plans and forecasts and will continue to provide sufficient funding to support the company on a ongoing basis.
Based on the strong net asset position of the company, the directors believe that the going concern basis is appropriate. The financial statements do not include any adjustements that would result from the withdrawal of support by the directors.
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:
Freehold 0% SL
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2.5. Investment Properties
All investment properties are carried at fair value determined annually by the directors and derived from the current market rents and investment property yields for comparable real estate,  adjusted if necessary for any difference in the nature, location or condition of the specific asset.  No depreciation is provided for.  Changes in fair value are recognised in the statement of income.
2.6. Financial Instruments
Financial liabilities and equity are classified accoring to the substance of the financial instrument's contractual obligations, rather than its legal form.  The company's cash at bank and in hand and trade and other debtors and its trade and other creditors are measured initially at the transaction proce, including transaction costs, and subsequently at amortised cost using the effective interest method.  Debt instruments that are payable or receivable within one year are measured at the undiscounjted amount of the cash or other consideration expected to be paid or received.
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 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 3 (2024: 3)
3 3
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4. Tangible Assets
Land & Property
Freehold
£
Cost
As at 6 April 2024 710,000
As at 5 April 2025 710,000
Net Book Value
As at 5 April 2025 710,000
As at 6 April 2024 710,000
5. Investment Property
If investment property had been accounted for under historical cost accounting rules, the amounts would be:
2025 2024
£ £
Cost 69,100 69,100
Accumulated depreciation and impairment 69,100 69,100
Carrying amount - -
6. Debtors
2025 2024
£ £
Due within one year
7. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 1 -
Other creditors 48,265 43,674
Accruals and deferred income 51,669 52,393
Directors' loan accounts 6,778 6,778
106,713 102,845
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8. Deferred Taxation
The provision for deferred tax is made up as follows:
2025 2024
£ £
Other timing differences 32,559 33,400
9. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 531 531
10. Reserves
Revaluation Reserve
£
As at 6 April 2024 607,794
As at 5 April 2025 607,794
Investment property revaluation reserve
Investment property reserve represents non distributable unrealised gains arising on the revaluation of investment properties. These are allocated to profit and loss reserve, but the company wishes to disclose the split between distributable and no distributable reserves.
A defreed tax liability has arisen as a result of the unrealised revaluation gain, and is recognised in the revaulation reserve in accordance with the treatment on the unrealised revaluation gain.
11. Related Party Transactions
Included in other creditors at the year end is an amount owed to the directors of £6,778 (2023: £16,928). The loans have been provided interest free and has no fixed repayment date.
During the year, the company was charged management fees of £17,000 (2023: £26,250) from a related party, Island Water Services Ltd.  Island Water Services Ltd is under common control by directors of Bevan (Pencoed) Limited.
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