Acorah Software Products - Accounts Production 16.6.920 false true 31 March 2024 1 April 2023 false 1 April 2024 31 March 2025 31 March 2025 13061585 Rainguard Ltd Mr Sean Hughes Mr Joel Hunter Mr James Moon iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 13061585 2024-03-31 13061585 2025-03-31 13061585 2024-04-01 2025-03-31 13061585 frs-core:CurrentFinancialInstruments 2025-03-31 13061585 frs-core:ComputerEquipment 2025-03-31 13061585 frs-core:ComputerEquipment 2024-04-01 2025-03-31 13061585 frs-core:ComputerEquipment 2024-03-31 13061585 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2024-04-01 2025-03-31 13061585 frs-core:FurnitureFittings 2025-03-31 13061585 frs-core:FurnitureFittings 2024-04-01 2025-03-31 13061585 frs-core:FurnitureFittings 2024-03-31 13061585 frs-core:OtherResidualIntangibleAssets 2025-03-31 13061585 frs-core:OtherResidualIntangibleAssets 2024-04-01 2025-03-31 13061585 frs-core:OtherResidualIntangibleAssets 2024-03-31 13061585 frs-core:PlantMachinery 2025-03-31 13061585 frs-core:PlantMachinery 2024-04-01 2025-03-31 13061585 frs-core:PlantMachinery 2024-03-31 13061585 frs-core:ShareCapital 2025-03-31 13061585 frs-core:RetainedEarningsAccumulatedLosses 2025-03-31 13061585 frs-bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 13061585 frs-bus:FilletedAccounts 2024-04-01 2025-03-31 13061585 frs-bus:SmallEntities 2024-04-01 2025-03-31 13061585 frs-bus:AuditExemptWithAccountantsReport 2024-04-01 2025-03-31 13061585 frs-bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 13061585 frs-bus:OrdinaryShareClass2 2024-04-01 2025-03-31 13061585 frs-bus:OrdinaryShareClass2 2025-03-31 13061585 frs-bus:OrdinaryShareClass3 2024-04-01 2025-03-31 13061585 frs-bus:OrdinaryShareClass3 2025-03-31 13061585 frs-bus:OrdinaryShareClass4 2024-04-01 2025-03-31 13061585 frs-bus:OrdinaryShareClass4 2025-03-31 13061585 frs-bus:OrdinaryShareClass5 2024-04-01 2025-03-31 13061585 frs-bus:OrdinaryShareClass5 2025-03-31 13061585 frs-core:DeferredTaxation 2024-04-01 2025-03-31 13061585 frs-core:DeferredTaxation 2024-03-31 13061585 frs-core:DeferredTaxation 2025-03-31 13061585 frs-bus:Director1 2024-04-01 2025-03-31 13061585 frs-bus:Director2 2024-04-01 2025-03-31 13061585 frs-bus:Director3 2024-04-01 2025-03-31 13061585 frs-bus:Director4 2024-04-01 2025-03-31 13061585 frs-countries:EnglandWales 2024-04-01 2025-03-31 13061585 2023-03-31 13061585 2024-03-31 13061585 2023-04-01 2024-03-31 13061585 frs-core:CurrentFinancialInstruments 2024-03-31 13061585 frs-core:ShareCapital 2024-03-31 13061585 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 13061585 frs-bus:OrdinaryShareClass2 2023-04-01 2024-03-31 13061585 frs-bus:OrdinaryShareClass3 2023-04-01 2024-03-31 13061585 frs-bus:OrdinaryShareClass4 2023-04-01 2024-03-31 13061585 frs-bus:OrdinaryShareClass5 2023-04-01 2024-03-31
Registered number: 13061585
Sylk Exterior Systems Ltd
Unaudited Financial Statements
For The Year Ended 31 March 2025
Ascendis Group
Chartered Certified Accountants, Taxation and Business Advisors
Unit 3, Building 2, The Colony Wilmslow
Altrincham Road
Wilmslow
Cheshire
SK9 4LY
Sylk Exterior Systems Ltd
Contents
Contents

| Page
--- | ---
Accountant's Report | 1
Balance Sheet | 2—3
Notes to the Financial Statements | 4—6

Page 1
Sylk Exterior Systems Ltd
Accountant's Report
For The Year Ended 31 March 2025
Accountant's Report
Report to the directors on the preparation of the unaudited statutory accounts of Sylk Exterior Systems Ltd for the year ended 31 March 2025
To assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Sylk Exterior Systems Ltd which comprise the Profit and Loss Account, the Balance Sheet and the related notes, from the company’s accounting records and from information and explanations you have given us.
As a practising member of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/en/member/professional-standards/rules-standards/acca-rulebook.html.
This report is made to the directors of Sylk Exterior Systems Ltd , as a body, in accordance with the terms of our engagement letter dated 04 June 2025. Our work has been undertaken solely to prepare for your approval the accounts of Sylk Exterior Systems Ltd and state those matters that we have agreed to state to the directors of Sylk Exterior Systems Ltd , as a body, in this report in accordance with the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Sylk Exterior Systems Ltd and its directors as a body for our work or for this report.
It is your duty to ensure that Sylk Exterior Systems Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit or loss of Sylk Exterior Systems Ltd . You consider that Sylk Exterior Systems Ltd is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Sylk Exterior Systems Ltd . 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.

4th August 2025

Ascendis Group
Chartered Certified Accountants, Taxation and Business Advisors
Unit 3, Building 2, The Colony Wilmslow
Altrincham Road
Wilmslow
Cheshire
SK9 4LY
Page 1
Page 2
Sylk Exterior Systems Ltd
Balance Sheet
As At 31 March 2025
Balance Sheet
Registered number: 13061585

| 2025 | 2024
--- | --- | ---
| Notes | £ | £ | £ | £
FIXED ASSETS
Intangible Assets | 4 |  | 1,810 |  | -
Tangible Assets | 5 |  | 2,150 |  | 1,375
|  |  | 3,960 |  | 1,375
CURRENT ASSETS
Stocks | 6 | 104,379 |  | 30,000 |
Debtors | 7 | 593,389 |  | 564,429 |
Cash at bank and in hand |  | 388,773 |  | 529,761 |
|  | 1,086,541 |  | 1,124,190 |
Creditors: Amounts Falling Due Within One Year | 8 | (549,519 ) |  | (615,628 ) |
NET CURRENT ASSETS (LIABILITIES) |  |  | 537,022 |  | 508,562
TOTAL ASSETS LESS CURRENT LIABILITIES |  |  | 540,982 |  | 509,937
PROVISIONS FOR LIABILITIES
Deferred Taxation | 9 |  | (990 ) |  | (344 )
NET ASSETS |  |  | 539,992 |  | 509,593
CAPITAL AND RESERVES
Called up share capital | 11 |  | 400 |  | 400
Profit and Loss Account |  |  | 539,592 |  | 509,193
SHAREHOLDERS' FUNDS |  |  | 539,992 |  | 509,593

Page 2
Page 3
Sylk Exterior Systems Ltd
Balance Sheet (continued)
As At 31 March 2025
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 Sean Hughes Director
4th August 2025

The notes on pages 4 to 6 form part of these financial statements.
Page 3
Page 4
Sylk Exterior Systems Ltd
Notes to the Financial Statements
For The Year Ended 31 March 2025
Notes to the Financial Statements
1. General Information
Sylk Exterior Systems Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 13061585 . The registered office is Unit 3, Building 2, The Colony Wilmslow, Altrincham Road, Wilmslow, Cheshire, SK9 4LY.
The principal place of trading is The Tannery, Water Street, Stockport, SK1 2BP.
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 rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
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 - Other Intangible
Other intangible assets include the company’s website development costs. These are initially recognised at cost and are tested each year for impairment. The movements in value are recognised in the profit and loss account.
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 | 25% Reducing balance
Fixtures & Fittings | 25% Reducing balance
Computer Equipment | 33.33% Straight line

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.
...CONTINUED
Page 4
Page 5
Sylk Exterior Systems Ltd
Notes to the Financial Statements (continued)
For The Year Ended 31 March 2025
2.6. Taxation - continued
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: 4)
5 4
4. Intangible Assets

| Other
--- | ---
| £
Cost
As at 1 April 2024 | -
Additions | 1,810
As at 31 March 2025 | 1,810
Net Book Value
As at 31 March 2025 | 1,810
As at 1 April 2024 | -

5. Tangible Assets

| Plant & Machinery | Fixtures & Fittings | Computer Equipment | Total
--- | --- | --- | --- | ---
| £ | £ | £ | £
Cost
As at 1 April 2024 | - | 635 | 3,331 | 3,966
Additions | 1,972 | - | 625 | 2,597
Disposals | - | (635 ) | (760 ) | (1,395 )
As at 31 March 2025 | 1,972 | - | 3,196 | 5,168
Depreciation
As at 1 April 2024 | - | 322 | 2,269 | 2,591
Provided during the period | 364 | 79 | 1,145 | 1,588
Disposals | - | (401 ) | (760 ) | (1,161 )
As at 31 March 2025 | 364 | - | 2,654 | 3,018
Net Book Value
As at 31 March 2025 | 1,608 | - | 542 | 2,150
As at 1 April 2024 | - | 313 | 1,062 | 1,375

6. Stocks

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Materials | 104,379 |  | 30,000

Page 5
Page 6
Sylk Exterior Systems Ltd
Notes to the Financial Statements (continued)
For The Year Ended 31 March 2025
7. Debtors

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Due within one year
Trade debtors | 265,983 |  | 185,986
Amounts owed by group undertakings | 330 |  | 1,110
Other debtors | 327,076 |  | 377,333
| 593,389 |  | 564,429

8. Creditors: Amounts Falling Due Within One Year

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Trade creditors | 274,983 |  | 338,611
Amounts owed to participating interests | 25,000 |  | 25,000
Other creditors | 70,904 |  | 43,666
Taxation and social security | 178,632 |  | 208,351
| 549,519 |  | 615,628

9. Deferred Taxation
The provision for deferred tax is made up as follows:

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Other timing differences | 990 |  | 344

10. Provisions for Liabilities

| Deferred Tax | Total
--- | --- | ---
| £ | £
As at 1 April 2024 | 344 | 344
Additions | 646 | 646
Balance at 31 March 2025 | 990 | 990

11. Share Capital

| 2025 |  | 2024
--- | --- | --- | ---
Allotted, called up and fully paid | £ |  | £
1,600 Ordinary A shares of £ 0.1 each | 160 |  | 160
760 Ordinary B shares of £ 0.1 each | 76 |  | 76
1,200 Ordinary C shares of £ 0.1 each | 120 |  | 120
440 Ordinary D shares of £ 0.1 each | 44 |  | 44
| 400 |  | 400

Page 6