Acorah Software Products - Accounts Production 16.6.920 false true 29 February 2024 1 March 2023 false 1 March 2024 28 February 2025 28 February 2025 10439218 Mr Leyton Shillibier Mrs Helen Shillibier Mr Steven Holt Mr Malcolm Corbett iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 10439218 2024-02-29 10439218 2025-02-28 10439218 2024-03-01 2025-02-28 10439218 frs-core:CurrentFinancialInstruments 2025-02-28 10439218 frs-core:Non-currentFinancialInstruments 2025-02-28 10439218 frs-core:FurnitureFittings 2025-02-28 10439218 frs-core:FurnitureFittings 2024-03-01 2025-02-28 10439218 frs-core:FurnitureFittings 2024-02-29 10439218 frs-core:MotorVehicles 2025-02-28 10439218 frs-core:MotorVehicles 2024-03-01 2025-02-28 10439218 frs-core:MotorVehicles 2024-02-29 10439218 frs-core:PlantMachinery 2025-02-28 10439218 frs-core:PlantMachinery 2024-03-01 2025-02-28 10439218 frs-core:PlantMachinery 2024-02-29 10439218 frs-core:WithinOneYear 2025-02-28 10439218 frs-core:ShareCapital 2025-02-28 10439218 frs-core:RetainedEarningsAccumulatedLosses 2024-03-01 2025-02-28 10439218 frs-core:RetainedEarningsAccumulatedLosses 2025-02-28 10439218 frs-bus:PrivateLimitedCompanyLtd 2024-03-01 2025-02-28 10439218 frs-bus:FilletedAccounts 2024-03-01 2025-02-28 10439218 frs-bus:SmallEntities 2024-03-01 2025-02-28 10439218 frs-bus:AuditExempt-NoAccountantsReport 2024-03-01 2025-02-28 10439218 frs-bus:SmallCompaniesRegimeForAccounts 2024-03-01 2025-02-28 10439218 frs-bus:Director1 2024-03-01 2025-02-28 10439218 frs-bus:Director1 2024-02-29 10439218 frs-bus:Director1 2025-02-28 10439218 frs-bus:Director2 2024-03-01 2025-02-28 10439218 frs-bus:Director3 2024-03-01 2025-02-28 10439218 frs-bus:Director4 2024-03-01 2025-02-28 10439218 frs-countries:EnglandWales 2024-03-01 2025-02-28 10439218 2023-02-28 10439218 2024-02-29 10439218 2023-03-01 2024-02-29 10439218 frs-core:CurrentFinancialInstruments 2024-02-29 10439218 frs-core:Non-currentFinancialInstruments 2024-02-29 10439218 frs-core:WithinOneYear 2024-02-29 10439218 frs-core:ShareCapital 2023-02-28 10439218 frs-core:ShareCapital 2024-02-29 10439218 frs-core:RetainedEarningsAccumulatedLosses 2023-03-01 2024-02-29 10439218 frs-core:RetainedEarningsAccumulatedLosses frs-core:PreviouslyStatedAmount 2023-02-28 10439218 frs-core:RetainedEarningsAccumulatedLosses 2024-02-29
Registered number: 10439218
Shillibiers Limited
Unaudited Financial Statements
For The Year Ended 28 February 2025
Tungsten Corporate Solutions Ltd
Cardiff Arms Park
Westgate Street
Cardiff
CF10 1JA
Contents
Page
Balance Sheet 1—2
Statement of Changes in Equity 3
Notes to the Financial Statements 4—7
Page 1
Balance Sheet
Registered number: 10439218
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 44,362 59,809
44,362 59,809
CURRENT ASSETS
Stocks 5 30,000 -
Debtors 6 1,238,244 1,281,638
Cash at bank and in hand 281,959 235,297
1,550,203 1,516,935
Creditors: Amounts Falling Due Within One Year 7 (593,755 ) (637,582 )
NET CURRENT ASSETS (LIABILITIES) 956,448 879,353
TOTAL ASSETS LESS CURRENT LIABILITIES 1,000,810 939,162
Creditors: Amounts Falling Due After More Than One Year 8 (786,019 ) (744,874 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (10,377 ) (14,283 )
NET ASSETS 204,414 180,005
CAPITAL AND RESERVES
Called up share capital 10 100 100
Profit and Loss Account 204,314 179,905
SHAREHOLDERS' FUNDS 204,414 180,005
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 Leyton Shillibier
Director
31/10/2025
The notes on pages 4 to 7 form part of these financial statements.
Page 2
Page 3
Statement of Changes in Equity
Share Capital Profit and Loss Account Total
£ £ £
As at 1 March 2023 100 171,803 171,903
Profit for the year and total comprehensive income - 28,902 28,902
Dividends paid - (20,800) (20,800)
As at 29 February 2024 and 1 March 2024 100 179,905 180,005
Profit for the year and total comprehensive income - 48,409 48,409
Dividends paid - (24,000) (24,000)
As at 28 February 2025 100 204,314 204,414
Page 3
Page 4
Notes to the Financial Statements
1. General Information
Shillibiers Limited is a private company, limited by shares, incorporated in England & Wales, registered number 10439218 . The registered office is Plot 43 Village Farm Road, Village Farm Industrial Estate, Pyle, Bridgend, CF33 6BN.
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. 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 20-25% straight line
Motor Vehicles 20% straight line
Fixtures & Fittings 20% straight line
2.4. 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.
2.5. 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.
Page 4
Page 5
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: 33 (2024: 38)
33 38
4. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Total
£ £ £ £
Cost
As at 1 March 2024 72,378 41,617 16,040 130,035
Additions 10,500 - - 10,500
As at 28 February 2025 82,878 41,617 16,040 140,535
Depreciation
As at 1 March 2024 44,314 17,947 7,965 70,226
Provided during the period 14,416 8,323 3,208 25,947
As at 28 February 2025 58,730 26,270 11,173 96,173
Net Book Value
As at 28 February 2025 24,148 15,347 4,867 44,362
As at 1 March 2024 28,064 23,670 8,075 59,809
5. Stocks
2025 2024
£ £
Stock 30,000 -
Page 5
Page 6
6. Debtors
2025 2024
£ £
Due within one year
Trade debtors 952,175 813,724
Amounts owed by group undertakings 137,355 407,511
Other debtors 148,714 60,403
1,238,244 1,281,638
7. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Net obligations under finance lease and hire purchase contracts - 31,765
Trade creditors 393,315 380,895
Bank loans and overdrafts 10,000 10,000
Other creditors 86,926 161,741
Taxation and social security 103,514 53,181
593,755 637,582
8. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Bank loans 2,500 12,500
Amounts owed to group undertakings 783,519 732,374
786,019 744,874
9. Obligations Under Finance Leases and Hire Purchase
2025 2024
£ £
The future minimum finance lease payments are as follows:
Not later than one year - 31,765
10. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 100 100
11. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 March 2024 Amounts advanced Amounts repaid Amounts written off As at 28 February 2025
£ £ £ £ £
Mr Leyton Shillibier (45,438 ) 149,732 35,000 - 69,294
The above loan is unsecured, interest has been charged in line with HMRC official rates of interest and is repayable on demand.
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12. Related Party Transactions
Within debtors are balances due from related parties of £137,355 (2024 - £407,512). These are payable on demand. 
Within the year all transactions with related parties were on an arms length basis. 
Page 7