Acorah Software Products - Accounts Production 16.6.920 false true 31 May 2024 1 June 2023 false 1 June 2024 31 May 2025 31 May 2025 10225135 Mr Colin Wrightson iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 10225135 2024-05-31 10225135 2025-05-31 10225135 2024-06-01 2025-05-31 10225135 frs-core:CurrentFinancialInstruments 2025-05-31 10225135 frs-core:Non-currentFinancialInstruments 2025-05-31 10225135 frs-core:BetweenOneFiveYears 2025-05-31 10225135 frs-core:ComputerEquipment 2025-05-31 10225135 frs-core:ComputerEquipment 2024-06-01 2025-05-31 10225135 frs-core:ComputerEquipment 2024-05-31 10225135 frs-core:FurnitureFittings 2025-05-31 10225135 frs-core:FurnitureFittings 2024-06-01 2025-05-31 10225135 frs-core:FurnitureFittings 2024-05-31 10225135 frs-core:MotorVehicles 2025-05-31 10225135 frs-core:MotorVehicles 2024-06-01 2025-05-31 10225135 frs-core:MotorVehicles 2024-05-31 10225135 frs-core:PlantMachinery 2025-05-31 10225135 frs-core:PlantMachinery 2024-06-01 2025-05-31 10225135 frs-core:PlantMachinery 2024-05-31 10225135 frs-core:WithinOneYear 2025-05-31 10225135 frs-core:ShareCapital 2025-05-31 10225135 frs-core:RetainedEarningsAccumulatedLosses 2025-05-31 10225135 frs-bus:PrivateLimitedCompanyLtd 2024-06-01 2025-05-31 10225135 frs-bus:FilletedAccounts 2024-06-01 2025-05-31 10225135 frs-bus:SmallEntities 2024-06-01 2025-05-31 10225135 frs-bus:AuditExempt-NoAccountantsReport 2024-06-01 2025-05-31 10225135 frs-bus:SmallCompaniesRegimeForAccounts 2024-06-01 2025-05-31 10225135 frs-bus:Director1 2024-06-01 2025-05-31 10225135 frs-countries:EnglandWales 2024-06-01 2025-05-31 10225135 2023-05-31 10225135 2024-05-31 10225135 2023-06-01 2024-05-31 10225135 frs-core:CurrentFinancialInstruments 2024-05-31 10225135 frs-core:Non-currentFinancialInstruments 2024-05-31 10225135 frs-core:BetweenOneFiveYears 2024-05-31 10225135 frs-core:WithinOneYear 2024-05-31 10225135 frs-core:ShareCapital 2024-05-31 10225135 frs-core:RetainedEarningsAccumulatedLosses 2024-05-31
Registered number: 10225135
Securetech Systems NE Ltd
Unaudited Financial Statements
For The Year Ended 31 May 2025
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 10225135
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 112,389 106,935
112,389 106,935
CURRENT ASSETS
Stocks 5 33,139 25,000
Debtors 6 192,613 162,803
Cash at bank and in hand 136,121 124,048
361,873 311,851
Creditors: Amounts Falling Due Within One Year 7 (225,680 ) (172,819 )
NET CURRENT ASSETS (LIABILITIES) 136,193 139,032
TOTAL ASSETS LESS CURRENT LIABILITIES 248,582 245,967
Creditors: Amounts Falling Due After More Than One Year 8 (53,237 ) (81,802 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (26,972 ) (21,969 )
NET ASSETS 168,373 142,196
CAPITAL AND RESERVES
Called up share capital 10 4 4
Profit and Loss Account 168,369 142,192
SHAREHOLDERS' FUNDS 168,373 142,196
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Page 2
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 member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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 Colin Wrightson
Director
03/11/2025
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Securetech Systems NE Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 10225135 . The registered office is 46B Apex Business Village, Annitsford, Cramlington, Northumberland, NE23 7BF.
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 15% RB
Motor Vehicles 25% RB
Fixtures & Fittings 15% SL
Computer Equipment 25% SL
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.
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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: 11 (2024: 11)
11 11
4. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 June 2024 17,277 150,354 5,286 5,634 178,551
Additions 1,901 38,376 2,328 1,141 43,746
Disposals - (18,660 ) - - (18,660 )
As at 31 May 2025 19,178 170,070 7,614 6,775 203,637
Depreciation
As at 1 June 2024 12,425 54,074 1,749 3,368 71,616
Provided during the period 881 33,482 828 812 36,003
Disposals - (16,371 ) - - (16,371 )
As at 31 May 2025 13,306 71,185 2,577 4,180 91,248
Net Book Value
As at 31 May 2025 5,872 98,885 5,037 2,595 112,389
As at 1 June 2024 4,852 96,280 3,537 2,266 106,935
5. Stocks
2025 2024
£ £
Stock 25,000 25,000
Work in progress 8,139 -
33,139 25,000
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6. Debtors
2025 2024
£ £
Due within one year
Trade debtors 188,418 153,452
Other debtors 4,195 9,351
192,613 162,803
7. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Net obligations under finance lease and hire purchase contracts 27,317 23,959
Trade creditors 89,893 75,202
Bounceback loan 10,396 10,140
Other creditors 12,488 680
Taxation and social security 85,586 62,838
225,680 172,819
8. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Net obligations under finance lease and hire purchase contracts 48,825 66,994
Bounceback loan >1 year 4,412 14,808
53,237 81,802
9. Obligations Under Finance Leases and Hire Purchase
2025 2024
£ £
The future minimum finance lease payments are as follows:
Not later than one year 27,317 23,959
Later than one year and not later than five years 48,825 66,994
76,142 90,953
76,142 90,953
10. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 4 4
11. Directors Advances, Credits and Guarantees
Included within Debtors are the following loan from Mr C Wrightson of £39 (2024 loan to Mr C Wrightson £6146)
The above loan is unsecured, interest free and repayable on demand.
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