Acorah Software Products - Accounts Production 16.6.950 false true 31 March 2024 1 April 2023 false 1 April 2024 31 March 2025 31 March 2025 06187893 Mr R J Oakley Mr T Oakley Mr P Rogers true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 06187893 2024-03-31 06187893 2025-03-31 06187893 2024-04-01 2025-03-31 06187893 frs-core:CurrentFinancialInstruments 2025-03-31 06187893 frs-core:Non-currentFinancialInstruments 2025-03-31 06187893 frs-core:BetweenOneFiveYears 2025-03-31 06187893 frs-core:ComputerEquipment 2025-03-31 06187893 frs-core:ComputerEquipment 2024-04-01 2025-03-31 06187893 frs-core:ComputerEquipment 2024-03-31 06187893 frs-core:FurnitureFittings 2025-03-31 06187893 frs-core:FurnitureFittings 2024-04-01 2025-03-31 06187893 frs-core:FurnitureFittings 2024-03-31 06187893 frs-core:MotorVehicles 2025-03-31 06187893 frs-core:MotorVehicles 2024-04-01 2025-03-31 06187893 frs-core:MotorVehicles 2024-03-31 06187893 frs-core:PlantMachinery 2025-03-31 06187893 frs-core:PlantMachinery 2024-04-01 2025-03-31 06187893 frs-core:PlantMachinery 2024-03-31 06187893 frs-core:WithinOneYear 2025-03-31 06187893 frs-core:ShareCapital 2025-03-31 06187893 frs-core:RetainedEarningsAccumulatedLosses 2025-03-31 06187893 frs-bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 06187893 frs-bus:FilletedAccounts 2024-04-01 2025-03-31 06187893 frs-bus:SmallEntities 2024-04-01 2025-03-31 06187893 frs-bus:AuditExempt-NoAccountantsReport 2024-04-01 2025-03-31 06187893 frs-bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 06187893 frs-bus:OrdinaryShareClass1 2024-04-01 2025-03-31 06187893 frs-bus:OrdinaryShareClass1 2025-03-31 06187893 frs-bus:OrdinaryShareClass3 2024-04-01 2025-03-31 06187893 frs-bus:OrdinaryShareClass3 2025-03-31 06187893 1 2024-04-01 2025-03-31 06187893 frs-bus:Director1 2024-04-01 2025-03-31 06187893 frs-bus:Director2 2024-04-01 2025-03-31 06187893 frs-bus:Director3 2024-04-01 2025-03-31 06187893 frs-core:CurrentFinancialInstruments 1 2025-03-31 06187893 frs-core:CurrentFinancialInstruments 2 2025-03-31 06187893 frs-core:CurrentFinancialInstruments 4 2025-03-31 06187893 frs-countries:EnglandWales 2024-04-01 2025-03-31 06187893 2023-03-31 06187893 2024-03-31 06187893 2023-04-01 2024-03-31 06187893 frs-core:CurrentFinancialInstruments 2024-03-31 06187893 frs-core:Non-currentFinancialInstruments 2024-03-31 06187893 frs-core:BetweenOneFiveYears 2024-03-31 06187893 frs-core:MotorVehicles 2023-04-01 2024-03-31 06187893 frs-core:PlantMachinery 2023-04-01 2024-03-31 06187893 frs-core:WithinOneYear 2024-03-31 06187893 frs-core:ShareCapital 2024-03-31 06187893 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 06187893 frs-bus:OrdinaryShareClass1 2023-04-01 2024-03-31 06187893 frs-bus:OrdinaryShareClass3 2023-04-01 2024-03-31 06187893 frs-core:CurrentFinancialInstruments 1 2024-03-31 06187893 frs-core:CurrentFinancialInstruments 2 2024-03-31 06187893 frs-core:CurrentFinancialInstruments 4 2024-03-31
Registered number: 06187893
L W & T Engineering (UK) Limited
Financial Statements
For The Year Ended 31 March 2025
L W & T Engineering (UK) Limited
Contents
Contents

| Page
--- | ---
Balance Sheet | 1—2
Notes to the Financial Statements | 3—6

Page 1
L W & T Engineering (UK) Limited
Balance Sheet
As At 31 March 2025
Balance Sheet
Registered number: 06187893

| 2025 | 2024
--- | --- | ---
| Notes | £ | £ | £ | £
FIXED ASSETS
Tangible Assets | 4 |  | 675,574 |  | 440,353
|  |  | 675,574 |  | 440,353
CURRENT ASSETS
Stocks | 5 | 50,635 |  | 118,000 |
Debtors | 6 | 650,546 |  | 731,458 |
Cash at bank and in hand |  | 77,800 |  | 38,167 |
|  | 778,981 |  | 887,625 |
Creditors: Amounts Falling Due Within One Year | 7 | (794,210 ) |  | (933,999 ) |
NET CURRENT ASSETS (LIABILITIES) |  |  | (15,229 ) |  | (46,374 )
TOTAL ASSETS LESS CURRENT LIABILITIES |  |  | 660,345 |  | 393,979
Creditors: Amounts Falling Due After More Than One Year | 8 |  | (386,554 ) |  | (212,681 )
PROVISIONS FOR LIABILITIES
Deferred Taxation | 11 |  | (156,115 ) |  | (94,505 )
NET ASSETS |  |  | 117,676 |  | 86,793
CAPITAL AND RESERVES
Called up share capital | 12 |  | 601 |  | 401
Profit and Loss Account |  |  | 117,075 |  | 86,392
SHAREHOLDERS' FUNDS |  |  | 117,676 |  | 86,793

Page 1
Page 2
L W & T Engineering (UK) Limited
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 R J Oakley Director | Mr T Oakley Director | Mr P Rogers Director
30/12/2025

The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
L W & T Engineering (UK) Limited
Notes to the Financial Statements
For The Year Ended 31 March 2025
Notes to the Financial Statements
1. General Information
L W & T Engineering (UK) Limited is a private company, limited by shares, incorporated in England & Wales, registered number 06187893 . The registered office is 81 High Street, Cosham, Hampshire, PO6 3BL.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
These financial statements have been prepared in accordance with FRS102 including section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements are prepared in pounds sterling which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest pound (£). The financial statements have been prepared under the historical cost convention and the principal accounting policies adopted are set out below.
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 | reducing balance 25%
Motor Vehicles | reducing balance 25%
Fixtures & Fittings | reducing balance 25%
Computer Equipment | straight line 33%

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 3
Page 4
L W & T Engineering (UK) Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 March 2025
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.
2.7. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
2.8. Financial Guarantees
The company factors the majority of their debts. A separate presentation is made in respect of the trade debtors and the receipts from the factoring company. The separate presentation is adopted becasue there could potentially be a liability to repay the amounts received.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 23 (2024: 21)
23 21
4. Tangible Assets

| Plant & Machinery | Motor Vehicles | Fixtures & Fittings | Computer Equipment | Total
--- | --- | --- | --- | --- | ---
| £ | £ | £ | £ | £
Cost
As at 1 April 2024 | 1,594,183 | 77,491 | 11,012 | 27,383 | 1,710,069
Additions | 350,414 | - | - | - | 350,414
As at 31 March 2025 | 1,944,597 | 77,491 | 11,012 | 27,383 | 2,060,483
Depreciation
As at 1 April 2024 | 1,202,518 | 29,189 | 10,626 | 27,383 | 1,269,716
Provided during the period | 103,021 | 12,076 | 96 | - | 115,193
As at 31 March 2025 | 1,305,539 | 41,265 | 10,722 | 27,383 | 1,384,909
Net Book Value
As at 31 March 2025 | 639,058 | 36,226 | 290 | - | 675,574
As at 1 April 2024 | 391,665 | 48,302 | 386 | - | 440,353

Page 4
Page 5
L W & T Engineering (UK) Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 March 2025
Included above are assets held under finance leases or hire purchase contracts with a net book value as follows:

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Plant & Machinery | - |  | 273,640
Motor Vehicles | - |  | 47,552
| - |  | 321,192

5. Stocks

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Stock | 19,135 |  | 65,000
Work in progress | 31,500 |  | 53,000
| 50,635 |  | 118,000

6. Debtors

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Due within one year
Trade debtors | 212,663 |  | 253,860
Tax on loans to participators | 24,543 |  | 24,543
Other debtors (4) | 2,900 |  | -
Factored debts outstanding | 410,440 |  | 453,055
| 650,546 |  | 731,458

7. Creditors: Amounts Falling Due Within One Year

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Net obligations under finance lease and hire purchase contracts | 133,514 |  | 86,760
Trade creditors | 261,491 |  | 222,555
Other loans | - |  | 25,536
Other taxes and social security | 29,151 |  | 30,124
VAT | 36,452 |  | 148,378
Net wages | 12,487 |  | 13,958
Other creditors | 133,200 |  | 133,200
Factoring account | 169,829 |  | 243,751
Pensions | 1,723 |  | 2,376
Accruals and deferred income | 16,363 |  | 27,361
| 794,210 |  | 933,999

8. Creditors: Amounts Falling Due After More Than One Year

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Net obligations under finance lease and hire purchase contracts | 386,554 |  | 212,681

Page 5
Page 6
L W & T Engineering (UK) Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 March 2025
9. Secured Creditors
The following amounts due to the company's factoring agent are secured by way of fixed and floating charges over all book and other debts of the company.

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Other Creditors | - |  | 243,751

10. Obligations Under Finance Leases and Hire Purchase

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
The future minimum finance lease payments are as follows:
Not later than one year | 133,514 |  | 86,760
Later than one year and not later than five years | 386,554 |  | 212,681
| 520,068 |  | 299,441
| 520,068 |  | 299,441

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

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Other timing differences | 156,115 |  | 94,505

12. Share Capital

| 2025 |  | 2024
--- | --- | --- | ---
Allotted, called up and fully paid | £ |  | £
600 Ordinary Shares of £ 1.00 each | 600 |  | 400
1 Ordinary B shares of £ 1.00 each | 1 |  | 1
| 601 |  | 401

Shares issued during the period: | £
200 Ordinary Shares of £ 1.00 each | 200

13. Related Party Transactions
Dividends of £138,847.50 were proposed and paid during the year (2023: £81,000)
14. Ultimate Controlling Party
The company was controlled by Mr P Rogers, Mr R Oakley and Mr T Oakley by virtue of their ownership of 100% of the issued share capital in the company.
Page 6