Acorah Software Products - Accounts Production 16.5.460 false true 31 July 2024 1 August 2023 false 1 August 2024 31 July 2025 31 July 2025 07307418 Ms S Elvy Mr J Swain Mr L Swain iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 07307418 2024-07-31 07307418 2025-07-31 07307418 2024-08-01 2025-07-31 07307418 frs-core:CurrentFinancialInstruments 2025-07-31 07307418 frs-core:Non-currentFinancialInstruments 2025-07-31 07307418 frs-core:FurnitureFittings 2025-07-31 07307418 frs-core:FurnitureFittings 2024-08-01 2025-07-31 07307418 frs-core:FurnitureFittings 2024-07-31 07307418 frs-core:NetGoodwill 2025-07-31 07307418 frs-core:NetGoodwill 2024-07-31 07307418 frs-core:PlantMachinery 2025-07-31 07307418 frs-core:PlantMachinery 2024-08-01 2025-07-31 07307418 frs-core:PlantMachinery 2024-07-31 07307418 frs-core:ShareCapital 2025-07-31 07307418 frs-core:RetainedEarningsAccumulatedLosses 2025-07-31 07307418 frs-bus:PrivateLimitedCompanyLtd 2024-08-01 2025-07-31 07307418 frs-bus:FilletedAccounts 2024-08-01 2025-07-31 07307418 frs-bus:SmallEntities 2024-08-01 2025-07-31 07307418 frs-bus:AuditExempt-NoAccountantsReport 2024-08-01 2025-07-31 07307418 frs-bus:SmallCompaniesRegimeForAccounts 2024-08-01 2025-07-31 07307418 frs-bus:Director1 2024-08-01 2025-07-31 07307418 frs-bus:Director2 2024-08-01 2025-07-31 07307418 frs-bus:Director3 2024-08-01 2025-07-31 07307418 frs-countries:EnglandWales 2024-08-01 2025-07-31 07307418 2023-07-31 07307418 2024-07-31 07307418 2023-08-01 2024-07-31 07307418 frs-core:CurrentFinancialInstruments 2024-07-31 07307418 frs-core:Non-currentFinancialInstruments 2024-07-31 07307418 frs-core:WithinOneYear 2024-07-31 07307418 frs-core:ShareCapital 2024-07-31 07307418 frs-core:RetainedEarningsAccumulatedLosses 2024-07-31
Registered number: 07307418
Spillaway Projects Limited
Unaudited Financial Statements
For The Year Ended 31 July 2025
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 07307418
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 5 1,328 699
1,328 699
CURRENT ASSETS
Stocks 6 32,839 40,635
Debtors 7 52,214 41,256
Cash at bank and in hand 59,364 61,998
144,417 143,889
Creditors: Amounts Falling Due Within One Year 8 (100,249 ) (79,490 )
NET CURRENT ASSETS (LIABILITIES) 44,168 64,399
TOTAL ASSETS LESS CURRENT LIABILITIES 45,496 65,098
Creditors: Amounts Falling Due After More Than One Year 9 (5,212 ) (15,553 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (332 ) (108 )
NET ASSETS 39,952 49,437
CAPITAL AND RESERVES
Called up share capital 10 90 90
Profit and Loss Account 39,862 49,347
SHAREHOLDERS' FUNDS 39,952 49,437
Page 1
Page 2
For the year ending 31 July 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 J Swain
Director
10/11/2025
The notes on pages 3 to 5 form part of these financial statements.
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Page 3
Notes to the Financial Statements
1. General Information
Spillaway Projects Limited is a private company, limited by shares, incorporated in England & Wales, registered number 07307418 . The registered office is 37 UNDERHILL, MOULSFORD, WALLINGFORD, OXFORDSHIRE, OX10 9JH.
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 33.33% straight line per anum
Fixtures & Fittings 33.33% straight line per anum
2.4. 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.
2.5. 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.
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.
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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. Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 3 (2024: 3)
3 3
4. Intangible Assets
Goodwill
£
Cost
As at 1 August 2024 120,000
As at 31 July 2025 120,000
Amortisation
As at 1 August 2024 120,000
As at 31 July 2025 120,000
Net Book Value
As at 31 July 2025 -
As at 1 August 2024 -
5. Tangible Assets
Plant & Machinery Fixtures & Fittings Total
£ £ £
Cost
As at 1 August 2024 13,019 2,192 15,211
Additions 1,143 - 1,143
As at 31 July 2025 14,162 2,192 16,354
Depreciation
As at 1 August 2024 12,450 2,062 14,512
Provided during the period 384 130 514
As at 31 July 2025 12,834 2,192 15,026
Net Book Value
As at 31 July 2025 1,328 - 1,328
As at 1 August 2024 569 130 699
6. Stocks
2025 2024
£ £
Stock 32,839 40,635
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7. Debtors
2025 2024
£ £
Due within one year
Trade debtors 45,899 35,549
Other debtors 6,315 5,707
52,214 41,256
8. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 18,931 2,368
Bank loans and overdrafts 10,375 10,119
Other creditors 41,849 33,248
Taxation and social security 29,094 33,755
100,249 79,490
9. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Bank loans 5,212 15,553
10. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 90 90
11. Other Commitments
The total of future minimum lease payments under non-cancellable operating leases are as following:
2025 2024
£ £
Not later than one year - 2,042
- 2,042
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