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 07475716 N J Cranston S T Cranston iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 07475716 2024-03-31 07475716 2025-03-31 07475716 2024-04-01 2025-03-31 07475716 frs-core:CurrentFinancialInstruments 2025-03-31 07475716 frs-core:ComputerEquipment 2025-03-31 07475716 frs-core:ComputerEquipment 2024-04-01 2025-03-31 07475716 frs-core:ComputerEquipment 2024-03-31 07475716 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2025-03-31 07475716 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-04-01 2025-03-31 07475716 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-03-31 07475716 frs-core:MotorVehicles 2025-03-31 07475716 frs-core:MotorVehicles 2024-04-01 2025-03-31 07475716 frs-core:MotorVehicles 2024-03-31 07475716 frs-core:PlantMachinery 2025-03-31 07475716 frs-core:PlantMachinery 2024-04-01 2025-03-31 07475716 frs-core:PlantMachinery 2024-03-31 07475716 frs-core:ShareCapital 2025-03-31 07475716 frs-core:RetainedEarningsAccumulatedLosses 2025-03-31 07475716 frs-bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 07475716 frs-bus:FilletedAccounts 2024-04-01 2025-03-31 07475716 frs-bus:SmallEntities 2024-04-01 2025-03-31 07475716 frs-bus:AuditExempt-NoAccountantsReport 2024-04-01 2025-03-31 07475716 frs-bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 07475716 frs-bus:Director1 2024-04-01 2025-03-31 07475716 frs-bus:Director2 2024-04-01 2025-03-31 07475716 frs-countries:EnglandWales 2024-04-01 2025-03-31 07475716 2023-03-31 07475716 2024-03-31 07475716 2023-04-01 2024-03-31 07475716 frs-core:CurrentFinancialInstruments 2024-03-31 07475716 frs-core:ShareCapital 2024-03-31 07475716 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31
Registered number: 07475716
Crest Systems Engineering Ltd
Unaudited Financial Statements
For The Year Ended 31 March 2025
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 07475716
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 50,851 51,092
50,851 51,092
CURRENT ASSETS
Stocks 18,234 344,904
Debtors 5 19,691 36,972
Cash at bank and in hand 1,041,600 520,721
1,079,525 902,597
Creditors: Amounts Falling Due Within One Year 6 (233,451 ) (201,022 )
NET CURRENT ASSETS (LIABILITIES) 846,074 701,575
TOTAL ASSETS LESS CURRENT LIABILITIES 896,925 752,667
PROVISIONS FOR LIABILITIES
Deferred Taxation (13,000 ) (13,000 )
NET ASSETS 883,925 739,667
CAPITAL AND RESERVES
Called up share capital 7 100 100
Profit and Loss Account 883,825 739,567
SHAREHOLDERS' FUNDS 883,925 739,667
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
S T Cranston
Director
18/12/2025
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Crest Systems Engineering Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 07475716 . The registered office is 74 Downing Drive, Leicester, LE5 6LH.
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
Revenue from contracts for the provision of professional services is recognised by reference to the stage of completion when the stage of completion, costs incurred and costs to complete can be estimated reliably. The stage of completion is calculated by comparing costs incurred, mainly in relation to contractual hourly staff rates and materials, as a proportion of total costs. Where the outcome cannot be estimated reliably, revenue is recognised only to the extent of the expenses recognised that it is probable will be recovered. 
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:
Leasehold 10% reducing balance
Plant & Machinery 25% reducing balance
Motor Vehicles 25% reducing balance
Computer Equipment 33.33% reducing balance
2.4. 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.
2.5. 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.
Page 3
Page 4
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: 4 (2024: 4)
4 4
4. Tangible Assets
Land & Property
Leasehold Plant & Machinery Motor Vehicles Computer Equipment Total
£ £ £ £ £
Cost
As at 1 April 2024 35,781 670 79,574 28,615 144,640
Additions - 1,036 - 11,549 12,585
As at 31 March 2025 35,781 1,706 79,574 40,164 157,225
Depreciation
As at 1 April 2024 18,666 511 57,732 16,639 93,548
Provided during the period 1,711 256 5,461 5,398 12,826
As at 31 March 2025 20,377 767 63,193 22,037 106,374
Net Book Value
As at 31 March 2025 15,404 939 16,381 18,127 50,851
As at 1 April 2024 17,115 159 21,842 11,976 51,092
Page 4
Page 5
5. Debtors
2025 2024
£ £
Due within one year
Trade debtors 8,997 464
Other debtors 10,694 9,702
VAT - 13,968
Amounts owed by group undertakings - 12,838
19,691 36,972
6. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 31,469 58,933
Other creditors 43,879 36,252
Taxation and social security 158,103 105,837
233,451 201,022
7. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 100 100
Page 5