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 07893851 Mr S D Barclay Miss S J Burrell iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 07893851 2024-03-31 07893851 2025-03-31 07893851 2024-04-01 2025-03-31 07893851 frs-core:Non-currentFinancialInstruments 2025-03-31 07893851 frs-core:BetweenOneFiveYears 2025-03-31 07893851 frs-core:FurnitureFittings 2024-04-01 2025-03-31 07893851 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-04-01 2025-03-31 07893851 frs-core:MotorVehicles 2024-04-01 2025-03-31 07893851 frs-core:WithinOneYear 2025-03-31 07893851 frs-core:ShareCapital 2025-03-31 07893851 frs-core:RetainedEarningsAccumulatedLosses 2025-03-31 07893851 frs-bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 07893851 frs-bus:AbridgedAccounts 2024-04-01 2025-03-31 07893851 frs-bus:SmallEntities 2024-04-01 2025-03-31 07893851 frs-bus:AuditExempt-NoAccountantsReport 2024-04-01 2025-03-31 07893851 frs-bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 07893851 frs-bus:OrdinaryShareClass1 2024-04-01 2025-03-31 07893851 frs-bus:OrdinaryShareClass1 2025-03-31 07893851 frs-core:DeferredTaxation 2024-03-31 07893851 frs-core:DeferredTaxation 2025-03-31 07893851 frs-bus:Director1 2024-04-01 2025-03-31 07893851 frs-bus:Director2 2024-04-01 2025-03-31 07893851 2 2024-04-01 2025-03-31 07893851 frs-countries:EnglandWales 2024-04-01 2025-03-31 07893851 2023-03-31 07893851 2024-03-31 07893851 2023-04-01 2024-03-31 07893851 frs-core:Non-currentFinancialInstruments 2024-03-31 07893851 frs-core:BetweenOneFiveYears 2024-03-31 07893851 frs-core:FurnitureFittings 2023-04-01 2024-03-31 07893851 frs-core:MotorVehicles 2023-04-01 2024-03-31 07893851 frs-core:WithinOneYear 2024-03-31 07893851 frs-core:ShareCapital 2024-03-31 07893851 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 07893851 frs-bus:OrdinaryShareClass1 2023-04-01 2024-03-31
Registered number: 07893851
SB Trading (South West) Limited
ABRIDGED Financial Statements
For The Year Ended 31 March 2025
Contents
Page
Abridged Balance Sheet 1—2
Notes to the Abridged Financial Statements 3—5
Page 1
Abridged Balance Sheet
Registered number: 07893851
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 129,163 146,920
129,163 146,920
CURRENT ASSETS
Stocks 5,835 5,754
Debtors 818,752 714,552
Cash at bank and in hand 4,390 23,237
828,977 743,543
Creditors: Amounts Falling Due Within One Year (407,734 ) (375,080 )
NET CURRENT ASSETS (LIABILITIES) 421,243 368,463
TOTAL ASSETS LESS CURRENT LIABILITIES 550,406 515,383
Creditors: Amounts Falling Due After More Than One Year (26,710 ) (63,777 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (32,291 ) (36,731 )
NET ASSETS 491,405 414,875
CAPITAL AND RESERVES
Called up share capital 8 100 100
Profit and Loss Account 491,305 414,775
SHAREHOLDERS' FUNDS 491,405 414,875
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.
All of the company's members have consented to the preparation of an Abridged Profit and Loss Account and an Abridged Balance Sheet for the year end 31 March 2025 in accordance with section 444(2A) of the Companies Act 2006.
On behalf of the board
Miss S J Burrell
Director
6th January 2026
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Abridged Financial Statements
1. General Information
SB Trading (South West) Limited is a private company, limited by shares, incorporated in England & Wales, registered number 07893851 . The registered office is 11 Beach Road, Perranporth, Cornwall, TR6 0JL.
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:
Leasehold 10% on cost
Motor Vehicles 25% on reducing balance
Fixtures & Fittings at varying rates on cost
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. 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.
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3. Average Number of Employees
Average number of employees, including directors, during the year was: 13 (2024: 15)
13 15
4. Tangible Assets
Total
£
Cost
As at 1 April 2024 422,927
Additions 9,916
As at 31 March 2025 432,843
Depreciation
As at 1 April 2024 276,007
Provided during the period 27,673
As at 31 March 2025 303,680
Net Book Value
As at 31 March 2025 129,163
As at 1 April 2024 146,920
Included above are assets held under finance leases or hire purchase contracts with a net book value as follows:
2025 2024
£ £
Fixtures & Fittings 36,701 43,177
Motor Vehicles 23,410 31,213
60,111 74,390
5. Secured Creditors
Of the creditors the following amounts are secured.
2025 2024
£ £
Net obligations under finance lease and hire purchase contracts 52,200 78,884
6. Obligations Under Finance Leases and Hire Purchase
2025 2024
£ £
The future minimum finance lease payments are as follows:
Not later than one year 26,684 26,684
Later than one year and not later than five years 25,517 52,200
52,201 78,884
52,201 78,884
Page 4
Page 5
7. Provisions for Liabilities
Deferred Tax Total
£ £
As at 1 April 2024 36,731 36,731
Accelerated capital allowances (4,440 ) (4,440 )
Balance at 31 March 2025 32,291 32,291
8. Share Capital
2025 2024
Allotted, called up and fully paid £ £
100 Ordinary Shares of £ 1.00 each 100 100
9. Related Party Transactions
Included in other debtors is a loan due from OSSO Developments Limited of £441,259 (2024: £417,401) an associated company.
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