Acorah Software Products - Accounts Production 16.7.461 false true 31 August 2024 1 September 2023 false 1 September 2024 31 August 2025 31 August 2025 12516065 Mr Andrew Nichols Mr Marc Revell Mrs Alison Nichols iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 12516065 2024-08-31 12516065 2025-08-31 12516065 2024-09-01 2025-08-31 12516065 frs-core:CurrentFinancialInstruments 2025-08-31 12516065 frs-core:ComputerEquipment 2025-08-31 12516065 frs-core:ComputerEquipment 2024-09-01 2025-08-31 12516065 frs-core:ComputerEquipment 2024-08-31 12516065 frs-core:FurnitureFittings 2025-08-31 12516065 frs-core:FurnitureFittings 2024-09-01 2025-08-31 12516065 frs-core:FurnitureFittings 2024-08-31 12516065 frs-core:MotorVehicles 2025-08-31 12516065 frs-core:MotorVehicles 2024-09-01 2025-08-31 12516065 frs-core:MotorVehicles 2024-08-31 12516065 frs-core:WithinOneYear 2025-08-31 12516065 frs-core:ShareCapital 2025-08-31 12516065 frs-core:RetainedEarningsAccumulatedLosses 2025-08-31 12516065 frs-bus:PrivateLimitedCompanyLtd 2024-09-01 2025-08-31 12516065 frs-bus:FilletedAccounts 2024-09-01 2025-08-31 12516065 frs-bus:SmallEntities 2024-09-01 2025-08-31 12516065 frs-bus:AuditExempt-NoAccountantsReport 2024-09-01 2025-08-31 12516065 frs-bus:SmallCompaniesRegimeForAccounts 2024-09-01 2025-08-31 12516065 frs-bus:Director1 2024-09-01 2025-08-31 12516065 frs-bus:Director2 2024-09-01 2025-08-31 12516065 frs-bus:Director2 2024-08-31 12516065 frs-bus:Director2 2025-08-31 12516065 frs-bus:CompanySecretary1 2024-09-01 2025-08-31 12516065 frs-countries:EnglandWales 2024-09-01 2025-08-31 12516065 2023-08-31 12516065 2024-08-31 12516065 2023-09-01 2024-08-31 12516065 frs-core:CurrentFinancialInstruments 2024-08-31 12516065 frs-core:WithinOneYear 2024-08-31 12516065 frs-core:ShareCapital 2024-08-31 12516065 frs-core:RetainedEarningsAccumulatedLosses 2024-08-31
Registered number: 12516065
Olympus Building Supplies Ltd
Unaudited Financial Statements
For The Year Ended 31 August 2025
a3 Tax Consultancy Ltd
Contents
Page
Statement of Financial Position 1—2
Notes to the Financial Statements 3—6
Page 1
Statement of Financial Position
Registered number: 12516065
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 59,482 14,698
59,482 14,698
CURRENT ASSETS
Stocks 5 130,000 119,998
Debtors 6 116,858 75,422
Cash at bank and in hand 51,183 30,958
298,041 226,378
Creditors: Amounts Falling Due Within One Year 7 (194,054 ) (131,590 )
NET CURRENT ASSETS (LIABILITIES) 103,987 94,788
TOTAL ASSETS LESS CURRENT LIABILITIES 163,469 109,486
NET ASSETS 163,469 109,486
CAPITAL AND RESERVES
Called up share capital 9 100 100
Income Statement 163,369 109,386
SHAREHOLDERS' FUNDS 163,469 109,486
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For the year ending 31 August 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 Income Statement.
On behalf of the board
Mr Andrew Nichols
Director
Mr Marc Revell
Director
5th December 2025
The notes on pages 3 to 6 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Olympus Building Supplies Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 12516065 . The registered office is Unit 1 Blue Waters Indusrial Estate, Pottery Road, Bovey Tracey, Devon, TQ13 9YF.
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:
Motor Vehicles 25% on cost
Fixtures & Fittings 20% on cost
Computer Equipment 20% on cost
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 incomeStatement 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 incomeStatement as incurred.
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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.
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: 7 (2024: 6)
7 6
4. Tangible Assets
Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 September 2024 44,613 854 4,182 49,649
Additions 56,200 - - 56,200
Disposals (23,035 ) - - (23,035 )
As at 31 August 2025 77,778 854 4,182 82,814
...CONTINUED
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Depreciation
As at 1 September 2024 32,925 197 1,829 34,951
Provided during the period 10,407 171 836 11,414
Disposals (23,033 ) - - (23,033 )
As at 31 August 2025 20,299 368 2,665 23,332
Net Book Value
As at 31 August 2025 57,479 486 1,517 59,482
As at 1 September 2024 11,688 657 2,353 14,698
5. Stocks
2025 2024
£ £
Stock - materials 130,000 119,998
6. Debtors
2025 2024
£ £
Due within one year
Trade debtors 105,009 67,234
Other debtors 11,849 8,188
116,858 75,422
7. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Net obligations under finance lease and hire purchase contracts 13,493 -
Trade creditors 118,811 77,949
Other creditors 38,214 20,494
Taxation and social security 23,536 33,147
194,054 131,590
8. Obligations Under Finance Leases and Hire Purchase
2025 2024
£ £
The future minimum finance lease payments are as follows:
Not later than one year 13,493 -
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9. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 100 100
10. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 September 2024 Amounts advanced Amounts repaid Amounts written off As at 31 August 2025
£ £ £ £ £
Mr Marc Revell - 914 - - 914
The above loan is unsecured, interest free and repayable on demand.
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