Acorah Software Products - Accounts Production 16.7.461 false true 31 March 2024 1 April 2023 false 1 April 2024 31 March 2025 31 March 2025 08438788 Mrs C J Bond Mr P M Bond iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 08438788 2024-03-31 08438788 2025-03-31 08438788 2024-04-01 2025-03-31 08438788 frs-core:CurrentFinancialInstruments 2025-03-31 08438788 frs-core:Non-currentFinancialInstruments 2025-03-31 08438788 frs-core:BetweenOneFiveYears 2025-03-31 08438788 frs-core:NetGoodwill 2025-03-31 08438788 frs-core:NetGoodwill 2024-04-01 2025-03-31 08438788 frs-core:NetGoodwill 2024-03-31 08438788 frs-core:MotorVehicles 2025-03-31 08438788 frs-core:MotorVehicles 2024-04-01 2025-03-31 08438788 frs-core:MotorVehicles 2024-03-31 08438788 frs-core:PlantMachinery 2025-03-31 08438788 frs-core:PlantMachinery 2024-04-01 2025-03-31 08438788 frs-core:PlantMachinery 2024-03-31 08438788 frs-core:WithinOneYear 2025-03-31 08438788 frs-core:ShareCapital 2025-03-31 08438788 frs-core:RetainedEarningsAccumulatedLosses 2025-03-31 08438788 frs-bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 08438788 frs-bus:FilletedAccounts 2024-04-01 2025-03-31 08438788 frs-bus:SmallEntities 2024-04-01 2025-03-31 08438788 frs-bus:AuditExempt-NoAccountantsReport 2024-04-01 2025-03-31 08438788 frs-bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 08438788 frs-bus:Director1 2024-04-01 2025-03-31 08438788 frs-bus:Director2 2024-04-01 2025-03-31 08438788 frs-countries:EnglandWales 2024-04-01 2025-03-31 08438788 2023-03-31 08438788 2024-03-31 08438788 2023-04-01 2024-03-31 08438788 frs-core:CurrentFinancialInstruments 2024-03-31 08438788 frs-core:Non-currentFinancialInstruments 2024-03-31 08438788 frs-core:BetweenOneFiveYears 2024-03-31 08438788 frs-core:WithinOneYear 2024-03-31 08438788 frs-core:ShareCapital 2024-03-31 08438788 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31
Registered number: 08438788
Phil Bond Wall & Floor Tiling Ltd
Unaudited Financial Statements
For The Year Ended 31 March 2025
SRL Accountancy & Payroll Services Ltd
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 08438788
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 5 23,457 11,468
23,457 11,468
CURRENT ASSETS
Stocks 6 3,000 5,000
Debtors 7 31,024 13,277
Cash at bank and in hand 30,828 43,369
64,852 61,646
Creditors: Amounts Falling Due Within One Year 8 (62,479 ) (59,315 )
NET CURRENT ASSETS (LIABILITIES) 2,373 2,331
TOTAL ASSETS LESS CURRENT LIABILITIES 25,830 13,799
Creditors: Amounts Falling Due After More Than One Year 9 (7,875 ) -
NET ASSETS 17,955 13,799
CAPITAL AND RESERVES
Called up share capital 11 2 2
Profit and Loss Account 17,953 13,797
SHAREHOLDERS' FUNDS 17,955 13,799
Page 1
Page 2
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 P M Bond
Director
04/12/2025
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
Phil Bond Wall & Floor Tiling Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 08438788 . The registered office is C/O Srl Accountancy , Main Street, Glenfield, Leicester, LE3 8DG.
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. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to the profit and loss account over its estimated economic life of .... years.
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 20% reducing balance
Motor Vehicles 25% reducing balance
2.5. 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.
2.6. 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
2.7. 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: 5 (2024: 5)
5 5
4. Intangible Assets
Goodwill
£
Cost
As at 1 April 2024 10,500
As at 31 March 2025 10,500
Amortisation
As at 1 April 2024 10,500
As at 31 March 2025 10,500
Net Book Value
As at 31 March 2025 -
As at 1 April 2024 -
5. Tangible Assets
Plant & Machinery Motor Vehicles Total
£ £ £
Cost
As at 1 April 2024 7,289 41,818 49,107
Additions - 14,500 14,500
As at 31 March 2025 7,289 56,318 63,607
...CONTINUED
Page 4
Page 5
Depreciation
As at 1 April 2024 4,207 33,432 37,639
Provided during the period 616 1,895 2,511
As at 31 March 2025 4,823 35,327 40,150
Net Book Value
As at 31 March 2025 2,466 20,991 23,457
As at 1 April 2024 3,082 8,386 11,468
6. Stocks
2025 2024
£ £
Stock 3,000 5,000
7. Debtors
2025 2024
£ £
Due within one year
Trade debtors 30,085 12,344
Other debtors 939 933
31,024 13,277
8. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Net obligations under finance lease and hire purchase contracts 2,625 -
Trade creditors 40,071 30,986
Bank loans and overdrafts 3,906 7,168
Other creditors 499 4,164
Taxation and social security 15,378 16,997
62,479 59,315
9. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Net obligations under finance lease and hire purchase contracts 7,875 -
10. Obligations Under Finance Leases and Hire Purchase
2025 2024
£ £
The future minimum finance lease payments are as follows:
Not later than one year 2,625 -
Later than one year and not later than five years 7,875 -
10,500 -
10,500 -
Page 5
Page 6
11. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 2 2
Page 6