Acorah Software Products - Accounts Production 16.5.460 false true 30 April 2024 1 May 2023 false 1 May 2024 30 April 2025 30 April 2025 03641699 Mr G Millar Mrs A Millar Mr P Millar Mr D Dadd Mr A Harvey iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 03641699 2024-04-30 03641699 2025-04-30 03641699 2024-05-01 2025-04-30 03641699 frs-core:CurrentFinancialInstruments 2025-04-30 03641699 frs-core:Non-currentFinancialInstruments 2025-04-30 03641699 frs-core:BetweenOneFiveYears 2025-04-30 03641699 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2024-05-01 2025-04-30 03641699 frs-core:FurnitureFittings 2025-04-30 03641699 frs-core:FurnitureFittings 2024-05-01 2025-04-30 03641699 frs-core:FurnitureFittings 2024-04-30 03641699 frs-core:NetGoodwill 2025-04-30 03641699 frs-core:NetGoodwill 2024-05-01 2025-04-30 03641699 frs-core:NetGoodwill 2024-04-30 03641699 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2025-04-30 03641699 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-05-01 2025-04-30 03641699 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-04-30 03641699 frs-core:MotorVehicles 2025-04-30 03641699 frs-core:MotorVehicles 2024-05-01 2025-04-30 03641699 frs-core:MotorVehicles 2024-04-30 03641699 frs-core:OtherResidualIntangibleAssets 2025-04-30 03641699 frs-core:OtherResidualIntangibleAssets 2024-05-01 2025-04-30 03641699 frs-core:OtherResidualIntangibleAssets 2024-04-30 03641699 frs-core:PlantMachinery 2025-04-30 03641699 frs-core:PlantMachinery 2024-05-01 2025-04-30 03641699 frs-core:PlantMachinery 2024-04-30 03641699 frs-core:WithinOneYear 2025-04-30 03641699 frs-core:ShareCapital 2025-04-30 03641699 frs-core:RetainedEarningsAccumulatedLosses 2025-04-30 03641699 frs-bus:PrivateLimitedCompanyLtd 2024-05-01 2025-04-30 03641699 frs-bus:FilletedAccounts 2024-05-01 2025-04-30 03641699 frs-bus:SmallEntities 2024-05-01 2025-04-30 03641699 frs-bus:AuditExempt-NoAccountantsReport 2024-05-01 2025-04-30 03641699 frs-bus:SmallCompaniesRegimeForAccounts 2024-05-01 2025-04-30 03641699 frs-core:DeferredTaxation 2024-05-01 2025-04-30 03641699 frs-core:DeferredTaxation 2024-04-30 03641699 frs-core:DeferredTaxation 2025-04-30 03641699 frs-bus:Director1 2024-05-01 2025-04-30 03641699 frs-bus:Director2 2024-05-01 2025-04-30 03641699 frs-bus:Director3 2024-05-01 2025-04-30 03641699 frs-bus:Director4 2024-05-01 2025-04-30 03641699 frs-bus:Director5 2024-05-01 2025-04-30 03641699 frs-countries:EnglandWales 2024-05-01 2025-04-30 03641699 2023-04-30 03641699 2024-04-30 03641699 2023-05-01 2024-04-30 03641699 frs-core:CurrentFinancialInstruments 2024-04-30 03641699 frs-core:Non-currentFinancialInstruments 2024-04-30 03641699 frs-core:BetweenOneFiveYears 2024-04-30 03641699 frs-core:MoreThanFiveYears 2024-04-30 03641699 frs-core:WithinOneYear 2024-04-30 03641699 frs-core:ShareCapital 2024-04-30 03641699 frs-core:RetainedEarningsAccumulatedLosses 2024-04-30
Registered number: 03641699
Armill Lift Trucks Limited
Unaudited Financial Statements
For The Year Ended 30 April 2025
Richard Edwards Consultancy Limited
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—7
Page 1
Balance Sheet
Registered number: 03641699
2025 2024
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 3,275 4,367
Tangible Assets 5 1,073,959 904,498
1,077,234 908,865
CURRENT ASSETS
Stocks 6 646,959 255,196
Debtors 7 773,738 781,731
Cash at bank and in hand 333,498 883,560
1,754,195 1,920,487
Creditors: Amounts Falling Due Within One Year 8 (904,318 ) (649,571 )
NET CURRENT ASSETS (LIABILITIES) 849,877 1,270,916
TOTAL ASSETS LESS CURRENT LIABILITIES 1,927,111 2,179,781
Creditors: Amounts Falling Due After More Than One Year 9 (209,040 ) (288,759 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (266,350 ) (223,845 )
NET ASSETS 1,451,721 1,667,177
CAPITAL AND RESERVES
Called up share capital 13 99,100 99,100
Profit and Loss Account 1,352,621 1,568,077
SHAREHOLDERS' FUNDS 1,451,721 1,667,177
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Page 2
For the year ending 30 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 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 G Millar
Director
14/10/2025
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
Armill Lift Trucks Limited is a private company, limited by shares, incorporated in England & Wales, registered number 03641699 . The registered office is 3a Crittall Drive, Springwood Industrial Estate, Braintree, Essex, CM7 2RT.
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. Goodwill is fully amortised.
2.4. Intangible Fixed Assets and Amortisation - Other Intangible
Other intangible assets are computer software. It is amortised at 25% Reducing Balance.
2.5. 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:
Improvements to leasehold  -  Straight line between 10 to 15 years
Trucks for hire  -  12.5% on reducing balance
Motor Vehicles  -  20% on cost
Equipment  -  25% on reducing balance
2.6. 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.
2.7. 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.
2.8. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
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2.9. 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.
2.10. Government Grant
Government grants are recognised in the profit and loss account in an appropriate manner that matches them with the expenditure towards which they are intended to contribute.
Grants for immediate financial support or to cover costs already incurred are recognised immediately in the profit and loss account. Grants towards general activities of the entity over a specific period are recognised in the profit and loss account over that period.
Grants towards fixed assets are recognised over the expected useful lives of the related assets and are treated as deferred income and released to the profit and loss account over the useful life of the asset concerned.
All grants in the profit and loss account are recognised when all conditions for receipt have been complied with.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 17 (2024: 18)
17 18
4. Intangible Assets
Goodwill Computer software Total
£ £ £
Cost
As at 1 May 2024 80,000 26,172 106,172
As at 30 April 2025 80,000 26,172 106,172
Amortisation
As at 1 May 2024 80,000 21,805 101,805
Provided during the period - 1,092 1,092
As at 30 April 2025 80,000 22,897 102,897
Net Book Value
As at 30 April 2025 - 3,275 3,275
As at 1 May 2024 - 4,367 4,367
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5. Tangible Assets
Land & Property
Improvements to Leasehold Equipment Motor Vehicles Trucks for hire Total
£ £ £ £ £
Cost
As at 1 May 2024 42,906 33,801 377,755 922,367 1,376,829
Additions - 2,390 164,440 411,141 577,971
Disposals - - (53,068 ) (309,624 ) (362,692 )
As at 30 April 2025 42,906 36,191 489,127 1,023,884 1,592,108
Depreciation
As at 1 May 2024 42,906 22,450 166,528 240,447 472,331
Provided during the period - 3,252 73,588 93,009 169,849
Disposals - - (42,163 ) (81,868 ) (124,031 )
As at 30 April 2025 42,906 25,702 197,953 251,588 518,149
Net Book Value
As at 30 April 2025 - 10,489 291,174 772,296 1,073,959
As at 1 May 2024 - 11,351 211,227 681,920 904,498
6. Stocks
2025 2024
£ £
Stock 646,959 255,196
7. Debtors
2025 2024
£ £
Due within one year
Trade debtors 689,385 697,574
Other debtors 84,353 84,157
773,738 781,731
8. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Net obligations under finance lease and hire purchase contracts 71,175 95,742
Trade creditors 306,307 70,247
Bank loans and overdrafts - 10,043
Other creditors 4,980 76,158
Taxation and social security 521,856 397,381
904,318 649,571
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9. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Net obligations under finance lease and hire purchase contracts 209,040 269,685
Bank loans - 19,074
209,040 288,759
10. Secured Creditors
Of the creditors the following amounts are secured.
2025 2024
£ £
Net obligations under finance lease and hire purchase contracts 280,215 365,427
11. Obligations Under Finance Leases and Hire Purchase
2025 2024
£ £
The future minimum finance lease payments are as follows:
Not later than one year 71,175 95,742
Later than one year and not later than five years 209,040 269,685
280,215 365,427
280,215 365,427
12. Provisions for Liabilities
Deferred Tax Total
£ £
As at 1 May 2024 223,845 223,845
Additions 42,505 42,505
Balance at 30 April 2025 266,350 266,350
13. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 99,100 99,100
14. Other Commitments
The total of future minimum lease payments under non-cancellable operating leases are as following:
2025 2024
£ £
Not later than one year 50,000 40,000
Later than one year and not later than five years 195,833 160,000
Later than five years - 36,667
245,833 236,667
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15. Related Party Transactions
Millar Investments Limited - company number 07106325 - controlled by G Millar
Shares in Armill Lift Trucks Limited owned by Millar Investments Limited - 10,050 (2024: 10,050) Ordinary E Shares and 25 (2024: 25) Ordinary B Shares
Management charges in year: £195,000 (2024: £120,000)
Total outstanding to Millar Investments Limited at 30/04/2025: £NIL (2024: £NIL)
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