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 06999962 Mr Stephen Filsell Mrs Helen Filsell Anglia Secretaries Limited iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 06999962 2024-08-31 06999962 2025-08-31 06999962 2024-09-01 2025-08-31 06999962 frs-core:CurrentFinancialInstruments 2025-08-31 06999962 frs-core:Non-currentFinancialInstruments 2025-08-31 06999962 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2025-08-31 06999962 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2024-09-01 2025-08-31 06999962 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2024-08-31 06999962 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2025-08-31 06999962 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-09-01 2025-08-31 06999962 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-08-31 06999962 frs-core:MotorVehicles 2025-08-31 06999962 frs-core:MotorVehicles 2024-09-01 2025-08-31 06999962 frs-core:MotorVehicles 2024-08-31 06999962 frs-core:OtherResidualIntangibleAssets 2025-08-31 06999962 frs-core:OtherResidualIntangibleAssets 2024-09-01 2025-08-31 06999962 frs-core:OtherResidualIntangibleAssets 2024-08-31 06999962 frs-core:PlantMachinery 2025-08-31 06999962 frs-core:PlantMachinery 2024-09-01 2025-08-31 06999962 frs-core:PlantMachinery 2024-08-31 06999962 frs-core:WithinOneYear 2025-08-31 06999962 frs-core:ShareCapital 2025-08-31 06999962 frs-core:RetainedEarningsAccumulatedLosses 2025-08-31 06999962 frs-bus:PrivateLimitedCompanyLtd 2024-09-01 2025-08-31 06999962 frs-bus:FilletedAccounts 2024-09-01 2025-08-31 06999962 frs-bus:SmallEntities 2024-09-01 2025-08-31 06999962 frs-bus:AuditExempt-NoAccountantsReport 2024-09-01 2025-08-31 06999962 frs-bus:SmallCompaniesRegimeForAccounts 2024-09-01 2025-08-31 06999962 frs-core:UnlistedNon-exchangeTraded 2025-08-31 06999962 frs-core:UnlistedNon-exchangeTraded 2024-08-31 06999962 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2024-08-31 06999962 frs-core:AdditionsToInvestments frs-core:UnlistedNon-exchangeTraded 2025-08-31 06999962 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2025-08-31 06999962 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2024-08-31 06999962 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2025-08-31 06999962 frs-bus:Director1 2024-09-01 2025-08-31 06999962 frs-bus:Director3 2024-09-01 2025-08-31 06999962 frs-bus:CompanySecretary1 2024-09-01 2025-08-31 06999962 frs-countries:EnglandWales 2024-09-01 2025-08-31 06999962 2023-08-31 06999962 2024-08-31 06999962 2023-09-01 2024-08-31 06999962 frs-core:CurrentFinancialInstruments 2024-08-31 06999962 frs-core:Non-currentFinancialInstruments 2024-08-31 06999962 frs-core:BetweenOneFiveYears 2024-08-31 06999962 frs-core:WithinOneYear 2024-08-31 06999962 frs-core:ShareCapital 2024-08-31 06999962 frs-core:RetainedEarningsAccumulatedLosses 2024-08-31
Fuelsell Limited
Financial Statements
For The Year Ended 31 August 2025
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—7
Page 1
Balance Sheet
Registered number: 06999962
2025 2024
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 35,490 -
Tangible Assets 5 414,651 379,177
Investments 6 409,777 -
859,918 379,177
CURRENT ASSETS
Stocks 7 959,686 1,754,779
Debtors 8 565,692 429,502
Cash at bank and in hand 250,544 262,273
1,775,922 2,446,554
Creditors: Amounts Falling Due Within One Year 9 (938,830 ) (987,691 )
NET CURRENT ASSETS (LIABILITIES) 837,092 1,458,863
TOTAL ASSETS LESS CURRENT LIABILITIES 1,697,010 1,838,040
Creditors: Amounts Falling Due After More Than One Year 10 (745,660 ) (988,055 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (94,663 ) (95,589 )
NET ASSETS 856,687 754,396
CAPITAL AND RESERVES
Called up share capital 13 4 4
Profit and Loss Account 856,683 754,392
SHAREHOLDERS' FUNDS 856,687 754,396
Page 1
Page 2
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 Profit and Loss Account.
On behalf of the board
Mr Stephen Filsell
Director
10th December 2025
The notes on pages 3 to 7 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Fuelsell Limited is a private company, limited by shares, incorporated in England & Wales, registered number 06999962 . The registered office is C\O Swinton Accountants, Park Farm Business Park, Park Farm Hotel, Norwich Road, Hethersett, Norwich, NR9 3DL.
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 comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
2.3. Intangible Fixed Assets and Amortisation - Other Intangible
Other intangible assets are patents, copyrights, trademarks and similar, and are amortised as to write off the cost, less any estimated residual value, over their estimated economic life on a 25% straight line basis.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at cost less depreciation. 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 2% straight line
Plant & Machinery 15% reducing balance
Motor Vehicles 20% 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.
2.7. 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.
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2.8. 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.
2.9. 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 8 (2024: 11)
8 11
4. Intangible Assets
Other Patent Costs Total
£ £ £
Cost
As at 1 September 2024 - 9,677 9,677
Additions 35,490 - 35,490
As at 31 August 2025 35,490 9,677 45,167
Amortisation
As at 1 September 2024 - 9,677 9,677
As at 31 August 2025 - 9,677 9,677
Net Book Value
As at 31 August 2025 35,490 - 35,490
As at 1 September 2024 - - -
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5. Tangible Assets
Land & Property
Freehold Plant & Machinery Motor Vehicles Total
£ £ £ £
Cost
As at 1 September 2024 - 774,539 101,179 875,718
Additions 8,801 60,192 60,000 128,993
Disposals - (23,025 ) (35,000 ) (58,025 )
As at 31 August 2025 8,801 811,706 126,179 946,686
Depreciation
As at 1 September 2024 - 432,461 64,080 496,541
Provided during the period 58 53,238 13,986 67,282
Disposals - (9,690 ) (22,098 ) (31,788 )
As at 31 August 2025 58 476,009 55,968 532,035
Net Book Value
As at 31 August 2025 8,743 335,697 70,211 414,651
As at 1 September 2024 - 342,078 37,099 379,177
6. Investments
Unlisted
£
Cost or Valuation
As at 1 September 2024 -
Additions 409,777
As at 31 August 2025 409,777
Provision
As at 1 September 2024 -
As at 31 August 2025 -
Net Book Value
As at 31 August 2025 409,777
As at 1 September 2024 -
7. Stocks
2025 2024
£ £
Materials 959,686 1,754,779
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8. Debtors
2025 2024
£ £
Due within one year
Trade debtors 209,355 393,824
Other debtors 356,337 35,678
565,692 429,502
9. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Net obligations under finance lease and hire purchase contracts 21,189 19,200
Trade creditors 381,051 488,823
Bank loans and overdrafts 60,000 60,000
Other creditors 437,550 334,323
Taxation and social security 39,040 85,345
938,830 987,691
10. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Net obligations under finance lease and hire purchase contracts - 21,600
Bank loans 705,934 867,427
Other creditors 39,726 99,028
745,660 988,055
11. Secured Creditors
Of the creditors falling due within and after more than one year the following amounts are secured.
Hire Purchase agreements are secured against the assets to which they pertain.
The Bank Loans are secured by fixed and floating charge against the assets of the company, as well as Farmland held personally by the directors of the company. 
The Other Creditors are secured by fixed and floating charge against the assets of the company.
2025 2024
£ £
Net obligations under finance lease and hire purchase contracts 21,189 40,800
Bank loans and overdrafts 765,934 927,427
Other Creditors - 248,770
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12. Obligations Under Finance Leases and Hire Purchase
2025 2024
£ £
The future minimum finance lease payments are as follows:
Not later than one year 21,189 19,200
Later than one year and not later than five years - 21,600
21,189 40,800
21,189 40,800
13. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 4 4
14. Related Party Transactions
At the balance sheet date, the company has an outstanding loan from the directors of £126,554 (2024 £192,500). The rate of interest charged is 0%. The loan is presented within creditors: amounts falling due after more than one year.
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