Acorah Software Products - Accounts Production 16.5.460 false true 31 March 2024 1 April 2023 false 1 April 2024 31 March 2025 31 March 2025 08355701 Mr Neil Keeling iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 08355701 2024-03-31 08355701 2025-03-31 08355701 2024-04-01 2025-03-31 08355701 frs-core:CurrentFinancialInstruments 2025-03-31 08355701 frs-core:Non-currentFinancialInstruments 2025-03-31 08355701 frs-core:ComputerEquipment 2025-03-31 08355701 frs-core:ComputerEquipment 2024-04-01 2025-03-31 08355701 frs-core:ComputerEquipment 2024-03-31 08355701 frs-core:FurnitureFittings 2025-03-31 08355701 frs-core:FurnitureFittings 2024-04-01 2025-03-31 08355701 frs-core:FurnitureFittings 2024-03-31 08355701 frs-core:NetGoodwill 2025-03-31 08355701 frs-core:NetGoodwill 2024-04-01 2025-03-31 08355701 frs-core:NetGoodwill 2024-03-31 08355701 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2025-03-31 08355701 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-04-01 2025-03-31 08355701 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-03-31 08355701 frs-core:MotorVehicles 2025-03-31 08355701 frs-core:MotorVehicles 2024-04-01 2025-03-31 08355701 frs-core:MotorVehicles 2024-03-31 08355701 frs-core:PlantMachinery 2025-03-31 08355701 frs-core:PlantMachinery 2024-04-01 2025-03-31 08355701 frs-core:PlantMachinery 2024-03-31 08355701 frs-core:ShareCapital 2025-03-31 08355701 frs-core:RetainedEarningsAccumulatedLosses 2025-03-31 08355701 frs-bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 08355701 frs-bus:FilletedAccounts 2024-04-01 2025-03-31 08355701 frs-bus:SmallEntities 2024-04-01 2025-03-31 08355701 frs-bus:AuditExempt-NoAccountantsReport 2024-04-01 2025-03-31 08355701 frs-bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 08355701 frs-bus:Director1 2024-04-01 2025-03-31 08355701 frs-countries:EnglandWales 2024-04-01 2025-03-31 08355701 2023-03-31 08355701 2024-03-31 08355701 2023-04-01 2024-03-31 08355701 frs-core:CurrentFinancialInstruments 2024-03-31 08355701 frs-core:Non-currentFinancialInstruments 2024-03-31 08355701 frs-core:WithinOneYear 2024-03-31 08355701 frs-core:ShareCapital 2024-03-31 08355701 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31
Registered number: 08355701
Spinning Plates Limited
Unaudited Financial Statements
For The Year Ended 31 March 2025
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 08355701
2025 2024
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 30,000 -
Tangible Assets 5 40,690 49,086
70,690 49,086
CURRENT ASSETS
Stocks 6 129,865 137,309
Debtors 7 26,989 32,517
Cash at bank and in hand 3,470 23,305
160,324 193,131
Creditors: Amounts Falling Due Within One Year 8 (172,519 ) (119,228 )
NET CURRENT ASSETS (LIABILITIES) (12,195 ) 73,903
TOTAL ASSETS LESS CURRENT LIABILITIES 58,495 122,989
Creditors: Amounts Falling Due After More Than One Year 9 - (14,805 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (12,272 ) (12,272 )
NET ASSETS 46,223 95,912
CAPITAL AND RESERVES
Called up share capital 11 200 200
Profit and Loss Account 46,023 95,712
SHAREHOLDERS' FUNDS 46,223 95,912
Page 1
Page 2
For the year ending 31 March 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 Neil Keeling
Director
15/10/2025
The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Spinning Plates Limited is a private company, limited by shares, incorporated in England & Wales, registered number 08355701 . The registered office is Goodwood House, Blackbrook Park Avenue, Taunton, Somerset, TA1 2PX.
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.
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:
Leasehold 15% reducing balance
Plant & Machinery 15% reducing balance
Motor Vehicles 25% reducing balance
Fixtures & Fittings 15% reducing balance
Computer Equipment 3 years straight line
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.
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Page 4
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: 13 (2024: 13)
13 13
4. Intangible Assets
Goodwill
£
Cost
As at 1 April 2024 97,905
Additions 30,000
As at 31 March 2025 127,905
Amortisation
As at 1 April 2024 97,905
As at 31 March 2025 97,905
Net Book Value
As at 31 March 2025 30,000
As at 1 April 2024 -
5. Tangible Assets
Land & Property
Leasehold Plant & Machinery Motor Vehicles Fixtures & Fittings
£ £ £ £
Cost
As at 1 April 2024 23,194 71,642 21,995 23,001
Additions 695 - 4,800 -
Disposals - (257 ) (21,995 ) -
As at 31 March 2025 23,889 71,385 4,800 23,001
...CONTINUED
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Page 5
Depreciation
As at 1 April 2024 15,018 46,207 16,776 13,543
Provided during the period 1,384 3,766 1,200 1,405
Disposals - (138 ) (16,776 ) -
As at 31 March 2025 16,402 49,835 1,200 14,948
Net Book Value
As at 31 March 2025 7,487 21,550 3,600 8,053
As at 1 April 2024 8,176 25,435 5,219 9,458
Computer Equipment Total
£ £
Cost
As at 1 April 2024 15,959 155,791
Additions - 5,495
Disposals - (22,252 )
As at 31 March 2025 15,959 139,034
Depreciation
As at 1 April 2024 15,161 106,705
Provided during the period 798 8,553
Disposals - (16,914 )
As at 31 March 2025 15,959 98,344
Net Book Value
As at 31 March 2025 - 40,690
As at 1 April 2024 798 49,086
6. Stocks
2025 2024
£ £
Stock 129,865 137,309
7. Debtors
2025 2024
£ £
Due within one year
Trade debtors 14,045 17,091
Amounts owed by group undertakings 6,803 5,676
Other debtors 6,141 9,750
26,989 32,517
Page 5
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8. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Net obligations under finance lease and hire purchase contracts - 4,235
Trade creditors 39,125 49,520
Bank loans and overdrafts 48,244 10,141
Other creditors 67,036 26,559
Taxation and social security 18,114 28,773
172,519 119,228
9. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Bank loans - 14,805
10. Obligations Under Finance Leases and Hire Purchase
2025 2024
£ £
The future minimum finance lease payments are as follows:
Not later than one year - 4,235
11. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 200 200
Page 6