Acorah Software Products - Accounts Production 16.8.200 false true 31 March 2024 1 April 2023 false 1 April 2024 31 March 2025 31 March 2025 NI072976 R Kennedy B Kennedy S Kennedy C Kennedy C Kennedy iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure NI072976 2024-03-31 NI072976 2025-03-31 NI072976 2024-04-01 2025-03-31 NI072976 frs-core:CurrentFinancialInstruments 2025-03-31 NI072976 frs-core:Non-currentFinancialInstruments 2025-03-31 NI072976 frs-core:BetweenOneFiveYears 2025-03-31 NI072976 frs-core:ComputerEquipment 2025-03-31 NI072976 frs-core:ComputerEquipment 2024-04-01 2025-03-31 NI072976 frs-core:ComputerEquipment 2024-03-31 NI072976 frs-core:FurnitureFittings 2025-03-31 NI072976 frs-core:FurnitureFittings 2024-04-01 2025-03-31 NI072976 frs-core:FurnitureFittings 2024-03-31 NI072976 frs-core:NetGoodwill 2025-03-31 NI072976 frs-core:NetGoodwill 2024-04-01 2025-03-31 NI072976 frs-core:NetGoodwill 2024-03-31 NI072976 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2025-03-31 NI072976 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-04-01 2025-03-31 NI072976 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-03-31 NI072976 frs-core:MotorVehicles 2025-03-31 NI072976 frs-core:MotorVehicles 2024-04-01 2025-03-31 NI072976 frs-core:MotorVehicles 2024-03-31 NI072976 frs-core:PlantMachinery 2025-03-31 NI072976 frs-core:PlantMachinery 2024-04-01 2025-03-31 NI072976 frs-core:PlantMachinery 2024-03-31 NI072976 frs-core:WithinOneYear 2025-03-31 NI072976 frs-core:ShareCapital 2025-03-31 NI072976 frs-core:RetainedEarningsAccumulatedLosses 2025-03-31 NI072976 frs-bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 NI072976 frs-bus:FilletedAccounts 2024-04-01 2025-03-31 NI072976 frs-bus:SmallEntities 2024-04-01 2025-03-31 NI072976 frs-bus:AuditExempt-NoAccountantsReport 2024-04-01 2025-03-31 NI072976 frs-bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 NI072976 frs-bus:Director1 2024-04-01 2025-03-31 NI072976 frs-bus:Director2 2024-04-01 2025-03-31 NI072976 frs-bus:Director3 2024-04-01 2025-03-31 NI072976 frs-bus:Director4 2024-04-01 2025-03-31 NI072976 frs-bus:Director5 2024-04-01 2025-03-31 NI072976 frs-countries:NorthernIreland 2024-04-01 2025-03-31 NI072976 2023-03-31 NI072976 2024-03-31 NI072976 2023-04-01 2024-03-31 NI072976 frs-core:CurrentFinancialInstruments 2024-03-31 NI072976 frs-core:Non-currentFinancialInstruments 2024-03-31 NI072976 frs-core:BetweenOneFiveYears 2024-03-31 NI072976 frs-core:WithinOneYear 2024-03-31 NI072976 frs-core:ShareCapital 2024-03-31 NI072976 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31
Registered number: NI072976
Roy Kennedy (Fuels) Ltd
Unaudited Financial Statements
For The Year Ended 31 March 2025
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: NI072976
2025 2024
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 - 7,650
Tangible Assets 5 695,402 560,468
695,402 568,118
CURRENT ASSETS
Stocks 6 155,542 178,193
Debtors 7 249,652 231,462
Cash at bank and in hand 275,180 449,190
680,374 858,845
Creditors: Amounts Falling Due Within One Year 8 (526,522 ) (635,358 )
NET CURRENT ASSETS (LIABILITIES) 153,852 223,487
TOTAL ASSETS LESS CURRENT LIABILITIES 849,254 791,605
Creditors: Amounts Falling Due After More Than One Year 9 (184,722 ) (160,221 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (94,126 ) (73,321 )
NET ASSETS 570,406 558,063
CAPITAL AND RESERVES
Called up share capital 11 30,000 30,000
Profit and Loss Account 540,406 528,063
SHAREHOLDERS' FUNDS 570,406 558,063
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
R Kennedy
Director
30 September 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
Roy Kennedy (Fuels) Ltd is a private company, limited by shares, incorporated in Northern Ireland, registered number NI072976 . The registered office is 8 Bridge Road, Moira, Craigavon, Co. Armagh, BT67 0PF.
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 10 years on a straight line basis.
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:
Freehold 2% Straight Line
Plant & Machinery 15% Reducing balance
Motor Vehicles 15% Reducing balance
Fixtures & Fittings 15% Reducing balance
Computer Equipment 15% 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: 10 (2024: 10)
10 10
4. Intangible Assets
Goodwill
£
Cost
As at 1 April 2024 102,000
As at 31 March 2025 102,000
Amortisation
As at 1 April 2024 94,350
Provided during the period 7,650
As at 31 March 2025 102,000
Net Book Value
As at 31 March 2025 -
As at 1 April 2024 7,650
5. Tangible Assets
Land & Property
Freehold Plant & Machinery Motor Vehicles Fixtures & Fittings
£ £ £ £
Cost
As at 1 April 2024 335,690 40,865 418,610 47,596
Additions - - 204,995 -
Disposals - - (102,135 ) -
As at 31 March 2025 335,690 40,865 521,470 47,596
...CONTINUED
Page 4
Page 5
Depreciation
As at 1 April 2024 28,534 19,062 235,385 32,318
Provided during the period 6,714 3,271 27,484 2,291
Disposals - - (72,588 ) -
As at 31 March 2025 35,248 22,333 190,281 34,609
Net Book Value
As at 31 March 2025 300,442 18,532 331,189 12,987
As at 1 April 2024 307,156 21,803 183,225 15,278
Computer Equipment Total
£ £
Cost
As at 1 April 2024 59,026 901,787
Additions 4,197 209,192
Disposals - (102,135 )
As at 31 March 2025 63,223 1,008,844
Depreciation
As at 1 April 2024 26,020 341,319
Provided during the period 4,951 44,711
Disposals - (72,588 )
As at 31 March 2025 30,971 313,442
Net Book Value
As at 31 March 2025 32,252 695,402
As at 1 April 2024 33,006 560,468
6. Stocks
2025 2024
£ £
Stock 155,542 178,193
7. Debtors
2025 2024
£ £
Due within one year
Trade debtors 135,212 118,188
Prepayments and accrued income 38,120 38,355
Other debtors 18,317 -
VAT 58,003 74,919
249,652 231,462
Page 5
Page 6
8. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Net obligations under finance lease and hire purchase contracts 20,000 23,203
Trade creditors 357,869 380,583
Bank loans and overdrafts 36,729 30,120
Corporation tax - 18,317
Other taxes and social security 8,767 10,796
Accruals and deferred income 37,300 31,061
Directors' loan accounts 65,857 141,278
526,522 635,358
9. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Net obligations under finance lease and hire purchase contracts 70,000 -
Bank loans 114,722 160,221
184,722 160,221
10. Obligations Under Finance Leases and Hire Purchase
2025 2024
£ £
The future minimum finance lease payments are as follows:
Not later than one year 20,000 23,203
Later than one year and not later than five years 70,000 -
90,000 23,203
90,000 23,203
11. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 30,000 30,000
Page 6