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 02024940 Mr Christian Mould Mr Nathan Mould iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 02024940 2024-03-31 02024940 2025-03-31 02024940 2024-04-01 2025-03-31 02024940 frs-core:CurrentFinancialInstruments 2025-03-31 02024940 frs-core:Non-currentFinancialInstruments 2025-03-31 02024940 frs-core:BetweenOneFiveYears 2025-03-31 02024940 frs-core:ComputerEquipment 2025-03-31 02024940 frs-core:ComputerEquipment 2024-04-01 2025-03-31 02024940 frs-core:ComputerEquipment 2024-03-31 02024940 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2025-03-31 02024940 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-04-01 2025-03-31 02024940 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-03-31 02024940 frs-core:MotorVehicles 2025-03-31 02024940 frs-core:MotorVehicles 2024-04-01 2025-03-31 02024940 frs-core:MotorVehicles 2024-03-31 02024940 frs-core:PlantMachinery 2025-03-31 02024940 frs-core:PlantMachinery 2024-04-01 2025-03-31 02024940 frs-core:PlantMachinery 2024-03-31 02024940 frs-core:WithinOneYear 2025-03-31 02024940 frs-core:CapitalRedemptionReserve 2025-03-31 02024940 frs-core:ShareCapital 2025-03-31 02024940 frs-core:RetainedEarningsAccumulatedLosses 2024-04-01 2025-03-31 02024940 frs-core:RetainedEarningsAccumulatedLosses 2025-03-31 02024940 frs-bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 02024940 frs-bus:FilletedAccounts 2024-04-01 2025-03-31 02024940 frs-bus:SmallEntities 2024-04-01 2025-03-31 02024940 frs-bus:AuditExempt-NoAccountantsReport 2024-04-01 2025-03-31 02024940 frs-bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 02024940 frs-bus:Director1 2024-04-01 2025-03-31 02024940 frs-bus:Director2 2024-04-01 2025-03-31 02024940 1 2024-04-01 2025-03-31 02024940 frs-countries:EnglandWales 2024-04-01 2025-03-31 02024940 2023-03-31 02024940 2024-03-31 02024940 2023-04-01 2024-03-31 02024940 frs-core:CurrentFinancialInstruments 2024-03-31 02024940 frs-core:Non-currentFinancialInstruments 2024-03-31 02024940 frs-core:BetweenOneFiveYears 2024-03-31 02024940 frs-core:WithinOneYear 2024-03-31 02024940 frs-core:CapitalRedemptionReserve 2023-03-31 02024940 frs-core:CapitalRedemptionReserve 2024-03-31 02024940 frs-core:ShareCapital 2023-03-31 02024940 frs-core:ShareCapital 2024-03-31 02024940 frs-core:RetainedEarningsAccumulatedLosses 2023-04-01 2024-03-31 02024940 frs-core:RetainedEarningsAccumulatedLosses frs-core:PreviouslyStatedAmount 2023-03-31 02024940 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 02024940 1 2023-04-01 2024-03-31
Registered number: 02024940
N.B.A. Refrigeration Company Limited
Unaudited Financial Statements
For The Year Ended 31 March 2025
Contents
Page
Balance Sheet 1—2
Statement of Changes in Equity 3
Notes to the Financial Statements 4—7
Page 1
Balance Sheet
Registered number: 02024940
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 416,385 361,435
416,385 361,435
CURRENT ASSETS
Stocks 5 2,750 2,750
Debtors 6 110,192 101,691
Cash at bank and in hand 76,046 229,274
188,988 333,715
Creditors: Amounts Falling Due Within One Year 7 (200,067 ) (296,653 )
NET CURRENT ASSETS (LIABILITIES) (11,079 ) 37,062
TOTAL ASSETS LESS CURRENT LIABILITIES 405,306 398,497
Creditors: Amounts Falling Due After More Than One Year 8 (234,992 ) (239,281 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (23,191 ) -
NET ASSETS 147,123 159,216
CAPITAL AND RESERVES
Called up share capital 205 205
Capital redemption reserve 100 100
Profit and Loss Account 146,818 158,911
SHAREHOLDERS' FUNDS 147,123 159,216
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 Christian Mould
Director
Mr Nathan Mould
Director
1 December 2025
The notes on pages 4 to 7 form part of these financial statements.
Page 2
Page 3
Statement of Changes in Equity
Share Capital Capital Redemption Profit and Loss Account Total
£ £ £ £
As at 1 April 2023 205 100 155,705 156,010
Profit for the year and total comprehensive income - - 185,006 185,006
Dividends paid - - (181,800) (181,800)
As at 31 March 2024 and 1 April 2024 205 100 158,911 159,216
Profit for the year and total comprehensive income - - 192,272 192,272
Dividends paid - - (204,365) (204,365)
As at 31 March 2025 205 100 146,818 147,123
Page 3
Page 4
Notes to the Financial Statements
1. General Information
N.B.A. Refrigeration Company Limited is a private company, limited by shares, incorporated in England & Wales, registered number 02024940 . The registered office is Unit B10 , Ashville Court, Methuen Park, Chippenham, Wiltshire, SN14 0ZE.
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% no depreciation
Plant & Machinery 20% on reducing balance
Motor Vehicles 20% on reducing balance
Computer Equipment 25% reducing balance
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.
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Page 5
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 year 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 asset reflects 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 or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also 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:
2025 2024
Employees including directors 4 4
4 4
Page 5
Page 6
4. Tangible Assets
Land & Property
Freehold Plant & Machinery Motor Vehicles Computer Equipment Total
£ £ £ £ £
Cost
As at 1 April 2024 323,620 50,556 72,330 3,683 450,189
Additions - 1,271 72,253 - 73,524
Disposals - - (16,973 ) - (16,973 )
As at 31 March 2025 323,620 51,827 127,610 3,683 506,740
Depreciation
As at 1 April 2024 - 41,614 44,731 2,409 88,754
Provided during the period - 2,043 12,654 319 15,016
Disposals - - (13,415 ) - (13,415 )
As at 31 March 2025 - 43,657 43,970 2,728 90,355
Net Book Value
As at 31 March 2025 323,620 8,170 83,640 955 416,385
As at 1 April 2024 323,620 8,942 27,599 1,274 361,435
5. Stocks
2025 2024
£ £
Stock and work in progress 2,750 2,750
6. Debtors
2025 2024
£ £
Due within one year
Trade debtors 107,527 98,829
Other debtors 2,665 2,862
110,192 101,691
Page 6
Page 7
7. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Net obligations under finance lease and hire purchase contracts 20,902 3,368
Trade creditors 87,684 143,360
Bank loans and overdrafts 21,625 21,625
Other creditors 4,725 45,157
Taxation and social security 65,131 83,143
200,067 296,653
8. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Net obligations under finance lease and hire purchase contracts 29,380 16,572
Bank loans 205,612 222,709
234,992 239,281
9. Secured Creditors
Of the creditors falling due within and after more than one year the following amounts are secured.
Bank loans and overdrafts are secured by a mortgage charge over the freehold property known as Unit B 10, Ashville Court, Chippenham, and a fixed and floating debenture charge over all  assets present and future.
2025 2024
£ £
Bank loans and overdrafts 215,570 222,667
10. Obligations Under Finance Leases and Hire Purchase
2025 2024
£ £
The future minimum finance lease payments are as follows:
Not later than one year 20,902 3,368
Later than one year and not later than five years 29,380 16,572
50,282 19,940
50,282 19,940
Page 7