Acorah Software Products - Accounts Production 16.6.920 false true 31 March 2024 1 April 2023 false 1 April 2024 31 March 2025 31 March 2025 08364232 Mr William Sendall Mr Frederick Sendall iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 08364232 2024-03-31 08364232 2025-03-31 08364232 2024-04-01 2025-03-31 08364232 frs-core:CurrentFinancialInstruments 2025-03-31 08364232 frs-core:Non-currentFinancialInstruments 2025-03-31 08364232 frs-core:BetweenOneFiveYears 2025-03-31 08364232 frs-core:ComputerEquipment 2025-03-31 08364232 frs-core:ComputerEquipment 2024-04-01 2025-03-31 08364232 frs-core:ComputerEquipment 2024-03-31 08364232 frs-core:FurnitureFittings 2024-04-01 2025-03-31 08364232 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2025-03-31 08364232 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-04-01 2025-03-31 08364232 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-03-31 08364232 frs-core:MotorVehicles 2025-03-31 08364232 frs-core:MotorVehicles 2024-04-01 2025-03-31 08364232 frs-core:MotorVehicles 2024-03-31 08364232 frs-core:PlantMachinery 2025-03-31 08364232 frs-core:PlantMachinery 2024-04-01 2025-03-31 08364232 frs-core:PlantMachinery 2024-03-31 08364232 frs-core:WithinOneYear 2025-03-31 08364232 frs-core:ShareCapital 2025-03-31 08364232 frs-core:RetainedEarningsAccumulatedLosses 2025-03-31 08364232 frs-bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 08364232 frs-bus:FilletedAccounts 2024-04-01 2025-03-31 08364232 frs-bus:SmallEntities 2024-04-01 2025-03-31 08364232 frs-bus:AuditExempt-NoAccountantsReport 2024-04-01 2025-03-31 08364232 frs-bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 08364232 frs-bus:Director1 2024-04-01 2025-03-31 08364232 frs-bus:Director2 2024-04-01 2025-03-31 08364232 frs-countries:EnglandWales 2024-04-01 2025-03-31 08364232 2023-03-31 08364232 2024-03-31 08364232 2023-04-01 2024-03-31 08364232 frs-core:CurrentFinancialInstruments 2024-03-31 08364232 frs-core:Non-currentFinancialInstruments 2024-03-31 08364232 frs-core:BetweenOneFiveYears 2024-03-31 08364232 frs-core:WithinOneYear 2024-03-31 08364232 frs-core:ShareCapital 2024-03-31 08364232 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31
Registered number: 08364232
May Glass Recycling Limited
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: 08364232
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 1,249,195 766,224
1,249,195 766,224
CURRENT ASSETS
Stocks 5 20,090 18,251
Debtors 6 634,964 555,339
Cash at bank and in hand 164,517 308,345
819,571 881,935
Creditors: Amounts Falling Due Within One Year 7 (535,874 ) (514,318 )
NET CURRENT ASSETS (LIABILITIES) 283,697 367,617
TOTAL ASSETS LESS CURRENT LIABILITIES 1,532,892 1,133,841
Creditors: Amounts Falling Due After More Than One Year 8 (270,432 ) (219,690 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (232,808 ) (184,273 )
NET ASSETS 1,029,652 729,878
CAPITAL AND RESERVES
Called up share capital 10 100 100
Profit and Loss Account 1,029,552 729,778
SHAREHOLDERS' FUNDS 1,029,652 729,878
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 Frederick Sendall
Director
23/12/2025
The notes on pages 3 to 6 form part of these financial statements.
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Page 3
Notes to the Financial Statements
1. General Information
May Glass Recycling Limited is a private company, limited by shares, incorporated in England & Wales, registered number 08364232 . The registered office is 5a Salamons Way, Rainham, RM13 9UL.
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.
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 3% Stright Line Method
Plant & Machinery 10% Reducing Balance Method
Motor Vehicles 10% Reducing Balance Method
Fixtures & Fittings 15% Reducing Balance Method
Computer Equipment 33% Straight Line Method
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.
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. 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.
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.
...CONTINUED
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2.7. Taxation - continued
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. Tangible Assets
Land & Property
Freehold Plant & Machinery Motor Vehicles Computer Equipment Total
£ £ £ £ £
Cost
As at 1 April 2024 - 611,756 553,860 14,244 1,179,860
Additions 137,689 290,045 158,283 199 586,216
As at 31 March 2025 137,689 901,801 712,143 14,443 1,766,076
Depreciation
As at 1 April 2024 - 164,692 239,791 9,153 413,636
Provided during the period 2,535 59,898 38,345 2,467 103,245
As at 31 March 2025 2,535 224,590 278,136 11,620 516,881
Net Book Value
As at 31 March 2025 135,154 677,211 434,007 2,823 1,249,195
As at 1 April 2024 - 447,064 314,069 5,091 766,224
5. Stocks
2025 2024
£ £
Stock 20,090 18,251
6. Debtors
2025 2024
£ £
Due within one year
Trade debtors 626,558 550,543
Prepayments and accrued income 1,620 4,796
Directors' loan accounts 6,786 -
634,964 555,339
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7. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Net obligations under finance lease and hire purchase contracts 140,095 101,972
Trade creditors 164,727 161,671
Bank loans and overdrafts 10,288 8,768
Corporation tax 102,967 157,637
Other taxes and social security 17,035 12,596
VAT 78,727 52,217
Net wages 2,619 3,116
Other creditors 16,527 4,881
Accruals and deferred income 400 -
Directors' loan accounts 2,489 11,460
535,874 514,318
8. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Net obligations under finance lease and hire purchase contracts 266,914 205,457
Bank loans 3,518 14,233
270,432 219,690
9. Obligations Under Finance Leases and Hire Purchase
2025 2024
£ £
The future minimum finance lease payments are as follows:
Not later than one year 140,095 101,972
Later than one year and not later than five years 266,914 205,457
407,009 307,429
407,009 307,429
10. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 100 100
11. Other Commitments
The total of future minimum lease payments under non-cancellable operating leases are as following:
2025 2024
£ £
Not later than one year 14,305 14,304
Later than one year and not later than five years 22,650 36,955
36,955 51,259
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12. Related Party Transactions
In the year, purchase invoices were raised by KWF Aggregates Limited totalling £10,669.96 (2024: £10,000). The balance outstanding to KWF Aggregates Limited at the year end was £0 (2024: £0).
KWF Aggregates Limited shares the same directors and some of the same shareholders. 
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