Acorah Software Products - Accounts Production 16.5.460 false true 31 May 2024 1 June 2023 false 1 June 2024 31 May 2025 31 May 2025 05463991 Mr A J Towey Ms S J Burton Ms S J Burton iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 05463991 2024-05-31 05463991 2025-05-31 05463991 2024-06-01 2025-05-31 05463991 frs-core:CurrentFinancialInstruments 2025-05-31 05463991 frs-core:ComputerEquipment 2025-05-31 05463991 frs-core:ComputerEquipment 2024-06-01 2025-05-31 05463991 frs-core:ComputerEquipment 2024-05-31 05463991 frs-core:NetGoodwill 2025-05-31 05463991 frs-core:NetGoodwill 2024-06-01 2025-05-31 05463991 frs-core:NetGoodwill 2024-05-31 05463991 frs-core:MotorVehicles 2025-05-31 05463991 frs-core:MotorVehicles 2024-06-01 2025-05-31 05463991 frs-core:MotorVehicles 2024-05-31 05463991 frs-core:PlantMachinery 2025-05-31 05463991 frs-core:PlantMachinery 2024-06-01 2025-05-31 05463991 frs-core:PlantMachinery 2024-05-31 05463991 frs-core:ShareCapital 2025-05-31 05463991 frs-core:RetainedEarningsAccumulatedLosses 2025-05-31 05463991 frs-bus:PrivateLimitedCompanyLtd 2024-06-01 2025-05-31 05463991 frs-bus:FilletedAccounts 2024-06-01 2025-05-31 05463991 frs-bus:SmallEntities 2024-06-01 2025-05-31 05463991 frs-bus:AuditExempt-NoAccountantsReport 2024-06-01 2025-05-31 05463991 frs-bus:SmallCompaniesRegimeForAccounts 2024-06-01 2025-05-31 05463991 frs-bus:Director1 2024-06-01 2025-05-31 05463991 frs-bus:Director2 2024-06-01 2025-05-31 05463991 frs-bus:CompanySecretary1 2024-06-01 2025-05-31 05463991 frs-countries:EnglandWales 2024-06-01 2025-05-31 05463991 frs-core:CurrentFinancialInstruments frs-core:WithinOneYear 2024-05-31 05463991 2023-05-31 05463991 2024-05-31 05463991 2023-06-01 2024-05-31 05463991 frs-core:CurrentFinancialInstruments 2024-05-31 05463991 frs-core:ShareCapital 2024-05-31 05463991 frs-core:RetainedEarningsAccumulatedLosses 2024-05-31
Registered number: 05463991
A. J. Towey Services Limited
Unaudited Financial Statements
For The Year Ended 31 May 2025
Grenfell James Associates Limited
13 The Courtyard Timothys Bridge Road
Stratford Upon Avon
Warwickshire
CV37 9NP
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 05463991
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 5 39,044 46,207
39,044 46,207
CURRENT ASSETS
Stocks 6 9,200 8,500
Debtors 7 3,048 3,727
Cash at bank and in hand 4,728 2,826
16,976 15,053
Creditors: Amounts Falling Due Within One Year 8 (38,846 ) (48,602 )
NET CURRENT ASSETS (LIABILITIES) (21,870 ) (33,549 )
TOTAL ASSETS LESS CURRENT LIABILITIES 17,174 12,658
PROVISIONS FOR LIABILITIES
Deferred Taxation (9,583 ) (11,251 )
NET ASSETS 7,591 1,407
CAPITAL AND RESERVES
Called up share capital 10 2 2
Profit and Loss Account 7,589 1,405
SHAREHOLDERS' FUNDS 7,591 1,407
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For the year ending 31 May 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
Ms S J Burton
Director
10/10/2025
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
A. J. Towey Services Limited is a private company, limited by shares, incorporated in England & Wales, registered number 05463991 . The registered office is 13 The Courtyard Timothys Bridge Road, Stratford-Upon-Avon, Warwickshire, CV37 9NP.
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:
Plant & Machinery 15% on reducing balance
Motor Vehicles 25% on reducing balance
Computer Equipment 25% on reducing balance
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2.5. 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.
2.6. 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: 5 (2024: 6)
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4. Intangible Assets
Goodwill
£
Cost
As at 1 June 2024 10,000
As at 31 May 2025 10,000
Amortisation
As at 1 June 2024 10,000
As at 31 May 2025 10,000
Net Book Value
As at 31 May 2025 -
As at 1 June 2024 -
5. Tangible Assets
Plant & Machinery Motor Vehicles Computer Equipment Total
£ £ £ £
Cost
As at 1 June 2024 119,865 6,600 1,555 128,020
Disposals (4,142 ) (3,100 ) (347 ) (7,589 )
As at 31 May 2025 115,723 3,500 1,208 120,431
Depreciation
As at 1 June 2024 74,793 6,491 529 81,813
Provided during the period 6,761 28 102 6,891
Disposals (3,902 ) (3,073 ) (342 ) (7,317 )
As at 31 May 2025 77,652 3,446 289 81,387
Net Book Value
As at 31 May 2025 38,071 54 919 39,044
As at 1 June 2024 45,072 109 1,026 46,207
6. Stocks
2025 2024
£ £
Stock 9,200 8,500
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7. Debtors
2025 2024
£ £
Due within one year
Trade debtors 3,048 3,727
8. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 5,072 15,395
Bank loans and overdrafts - 3,106
Other creditors 23,170 21,749
Taxation and social security 10,604 8,352
38,846 48,602
9. Loans
An analysis of the maturity of loans is given below:
2025 2024
£ £
Amounts falling due within one year or on demand:
Bank loans - 3,106
10. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 2 2
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