Acorah Software Products - Accounts Production 16.7.461 false true 30 December 2023 31 December 2022 false 31 December 2023 29 December 2024 29 December 2024 08113423 Mr Adrian O'Donovan Mr Ashley O'Donovan iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 08113423 2023-12-30 08113423 2024-12-29 08113423 2023-12-31 2024-12-29 08113423 frs-core:CurrentFinancialInstruments 2024-12-29 08113423 frs-core:Non-currentFinancialInstruments 2024-12-29 08113423 frs-core:ComputerEquipment 2024-12-29 08113423 frs-core:ComputerEquipment 2023-12-31 2024-12-29 08113423 frs-core:ComputerEquipment 2023-12-30 08113423 frs-core:FurnitureFittings 2024-12-29 08113423 frs-core:FurnitureFittings 2023-12-31 2024-12-29 08113423 frs-core:FurnitureFittings 2023-12-30 08113423 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-12-29 08113423 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-12-31 2024-12-29 08113423 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-12-30 08113423 frs-core:PlantMachinery 2024-12-29 08113423 frs-core:PlantMachinery 2023-12-31 2024-12-29 08113423 frs-core:PlantMachinery 2023-12-30 08113423 frs-core:ShareCapital 2024-12-29 08113423 frs-core:RetainedEarningsAccumulatedLosses 2024-12-29 08113423 frs-bus:PrivateLimitedCompanyLtd 2023-12-31 2024-12-29 08113423 frs-bus:FilletedAccounts 2023-12-31 2024-12-29 08113423 frs-bus:SmallEntities 2023-12-31 2024-12-29 08113423 frs-bus:AuditExempt-NoAccountantsReport 2023-12-31 2024-12-29 08113423 frs-bus:SmallCompaniesRegimeForAccounts 2023-12-31 2024-12-29 08113423 frs-bus:Director1 2023-12-31 2024-12-29 08113423 frs-bus:Director2 2023-12-31 2024-12-29 08113423 frs-core:Non-currentFinancialInstruments 1 2024-12-29 08113423 frs-core:CurrentFinancialInstruments 2 2024-12-29 08113423 frs-core:Non-currentFinancialInstruments 2 2024-12-29 08113423 frs-core:CurrentFinancialInstruments 3 2024-12-29 08113423 frs-core:Non-currentFinancialInstruments 3 2024-12-29 08113423 frs-countries:EnglandWales 2023-12-31 2024-12-29 08113423 2022-12-30 08113423 2023-12-30 08113423 2022-12-31 2023-12-30 08113423 frs-core:CurrentFinancialInstruments 2023-12-30 08113423 frs-core:Non-currentFinancialInstruments 2023-12-30 08113423 frs-core:ShareCapital 2023-12-30 08113423 frs-core:RetainedEarningsAccumulatedLosses 2023-12-30 08113423 frs-core:Non-currentFinancialInstruments 1 2023-12-30 08113423 frs-core:CurrentFinancialInstruments 2 2023-12-30 08113423 frs-core:Non-currentFinancialInstruments 2 2023-12-30 08113423 frs-core:CurrentFinancialInstruments 3 2023-12-30 08113423 frs-core:Non-currentFinancialInstruments 3 2023-12-30
Registered number: 08113423
A & M Ductwork Limited
Unaudited Financial Statements
For The Year Ended 29 December 2024
TAG Accountants Group Limited
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 08113423
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 528,707 535,017
528,707 535,017
CURRENT ASSETS
Stocks 5 70,000 72,478
Debtors 6 30,000 20,098
Cash at bank and in hand 5,918 8,754
105,918 101,330
Creditors: Amounts Falling Due Within One Year 7 (169,600 ) (149,754 )
NET CURRENT ASSETS (LIABILITIES) (63,682 ) (48,424 )
TOTAL ASSETS LESS CURRENT LIABILITIES 465,025 486,593
Creditors: Amounts Falling Due After More Than One Year 8 (271,507 ) (292,129 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (14,369 ) (14,151 )
NET ASSETS 179,149 180,313
CAPITAL AND RESERVES
Called up share capital 10 1,000 1,000
Profit and Loss Account 178,149 179,313
SHAREHOLDERS' FUNDS 179,149 180,313
Page 1
Page 2
For the year ending 29 December 2024 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 Adrian O'Donovan
Director
8th December 2025
The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
A & M Ductwork Limited is a private company, limited by shares, incorporated in England & Wales, registered number 08113423 . The registered office is A & M Ductwork, Field Street, Willenhall, West Midlands, WV13 2NY.
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:
Freehold 0% Staight line
Plant & Machinery 15% Reducing balance
Fixtures & Fittings 25% Reducing balance
Computer Equipment 25% Reducing balance
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.
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2.5. 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: 12 (2023: 11)
12 11
4. Tangible Assets
Land & Property
Freehold Plant & Machinery Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 31 December 2023 460,540 280,927 1,257 2,375 745,099
Additions 4,829 - - 171 5,000
As at 29 December 2024 465,369 280,927 1,257 2,546 750,099
Depreciation
As at 31 December 2023 - 207,415 783 1,884 210,082
Provided during the period - 11,027 118 165 11,310
As at 29 December 2024 - 218,442 901 2,049 221,392
Net Book Value
As at 29 December 2024 465,369 62,485 356 497 528,707
As at 31 December 2023 460,540 73,512 474 491 535,017
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5. Stocks
2024 2023
£ £
Stock - materials 70,000 72,478
6. Debtors
2024 2023
£ £
Due within one year
Prepayments and accrued income 30,000 20,098
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 30,347 21,563
Corporation tax 2,335 5,132
Other taxes and social security 17,405 3,457
VAT 73,972 71,499
Barclays Bounceback Loan 9,680 9,442
Barclays Loan- Freehold Land 13,746 13,746
Accruals and deferred income 4,122 6,922
Directors' loan accounts 11,084 11,084
Amounts owed to related parties 6,909 6,909
169,600 149,754
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Other loans > 1 year 93,992 93,992
Barclays Bounceback loan > 1 year 4,555 14,725
Barclays Loan-Freehold Land > 1 year 172,960 183,412
271,507 292,129
9. Secured Creditors
Of the creditors the following amounts are secured.
2024 2023
£ £
Bank loans and overdrafts 186,706 197,158
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10. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1,000 1,000
11. Related Party Transactions
The Company owed £93,992 (2023 : £93,992) to the directors' grandmother, Mrs J I M Bucknall. The loan is unsecured and on an interest free basis.
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