Acorah Software Products - Accounts Production 18.1.170 false true 31 July 2024 1 August 2023 false 1 August 2024 31 July 2025 31 July 2025 00985289 Mr G Sheppard Mr M Sheppard iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 00985289 2024-07-31 00985289 2025-07-31 00985289 2024-08-01 2025-07-31 00985289 frs-core:CurrentFinancialInstruments 2025-07-31 00985289 frs-core:ComputerEquipment 2025-07-31 00985289 frs-core:ComputerEquipment 2024-08-01 2025-07-31 00985289 frs-core:ComputerEquipment 2024-07-31 00985289 frs-core:FurnitureFittings 2024-08-01 2025-07-31 00985289 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2025-07-31 00985289 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-08-01 2025-07-31 00985289 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-07-31 00985289 frs-core:MotorVehicles 2025-07-31 00985289 frs-core:MotorVehicles 2024-08-01 2025-07-31 00985289 frs-core:MotorVehicles 2024-07-31 00985289 frs-core:PlantMachinery 2025-07-31 00985289 frs-core:PlantMachinery 2024-08-01 2025-07-31 00985289 frs-core:PlantMachinery 2024-07-31 00985289 frs-core:RevaluationReserve 2024-08-01 2025-07-31 00985289 frs-core:RevaluationReserve 2024-07-31 00985289 frs-core:RevaluationReserve 2025-07-31 00985289 frs-core:ShareCapital 2025-07-31 00985289 frs-core:RetainedEarningsAccumulatedLosses 2024-08-01 2025-07-31 00985289 frs-core:RetainedEarningsAccumulatedLosses frs-core:PreviouslyStatedAmount 2024-07-31 00985289 frs-core:RetainedEarningsAccumulatedLosses 2025-07-31 00985289 frs-bus:PrivateLimitedCompanyLtd 2024-08-01 2025-07-31 00985289 frs-bus:FilletedAccounts 2024-08-01 2025-07-31 00985289 frs-bus:SmallEntities 2024-08-01 2025-07-31 00985289 frs-bus:AuditExemptWithAccountantsReport 2024-08-01 2025-07-31 00985289 frs-bus:SmallCompaniesRegimeForAccounts 2024-08-01 2025-07-31 00985289 frs-core:UnlistedNon-exchangeTraded 2025-07-31 00985289 frs-core:UnlistedNon-exchangeTraded 2024-07-31 00985289 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2024-07-31 00985289 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2025-07-31 00985289 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2024-07-31 00985289 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2025-07-31 00985289 frs-bus:Director1 2024-08-01 2025-07-31 00985289 frs-bus:Director2 2024-08-01 2025-07-31 00985289 frs-countries:EnglandWales 2024-08-01 2025-07-31 00985289 2023-07-31 00985289 2024-07-31 00985289 2023-08-01 2024-07-31 00985289 frs-core:CurrentFinancialInstruments 2024-07-31 00985289 frs-core:RevaluationReserve 2024-07-31 00985289 frs-core:ShareCapital 2024-07-31 00985289 frs-core:RetainedEarningsAccumulatedLosses 2024-07-31
Registered number: 00985289
Newport Furnishers Limited
Unaudited Financial Statements
For The Year Ended 31 July 2025
Ellis Lloyd Jones LLP
Newport Furnishers Limited
Contents
Contents

| Page
--- | ---
Accountant's Report | 1
Balance Sheet | 2—3
Notes to the Financial Statements | 4—7

Page 1
Newport Furnishers Limited
Accountant's Report
For The Year Ended 31 July 2025
Accountant's Report
Chartered Accountant's report to the directors on the preparation of the unaudited statutory accounts of Newport Furnishers Limited For The Year Ended 31 July 2025
In order to assist you to fulfil your duties under the Companies Act 2006, I have prepared for your approval the accounts of Newport Furnishers Limited For The Year Ended 31 July 2025 which comprise the Profit and Loss Account, the Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given to us.
As a practising member of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at http://www.icaew.com/en/membership/regulations-standards-and-guidance.
This report is made solely to the directors of Newport Furnishers Limited , as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Newport Furnishers Limited and state those matters that we have agreed to state to the directors of Newport Furnishers Limited , as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Newport Furnishers Limited and its directors, as a body, for our work or for this report.
It is your duty to ensure that Newport Furnishers Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit or loss of Newport Furnishers Limited . You consider that Newport Furnishers Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit of the accounts of Newport Furnishers Limited . For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the financial statements.

14/04/2026

Ellis Lloyd Jones LLP
Chartered Accountants
11 Park Square
Newport
NP20 4EL
Page 1
Page 2
Newport Furnishers Limited
Balance Sheet
As At 31 July 2025
Balance Sheet
Registered number: 00985289

| 2025 | 2024
--- | --- | ---
| Notes | £ | £ | £ | £
FIXED ASSETS
Tangible Assets | 4 |  | 1,942,707 |  | 1,970,218
Investment Properties | 5 |  | 226,000 |  | 226,000
Investments | 6 |  | 350,000 |  | 350,000
|  |  | 2,518,707 |  | 2,546,218
CURRENT ASSETS
Stocks | 7 | 709,720 |  | 641,686 |
Debtors | 8 | 274,637 |  | 67,616 |
Cash at bank and in hand |  | 884,091 |  | 852,264 |
|  | 1,868,448 |  | 1,561,566 |
Creditors: Amounts Falling Due Within One Year | 9 | (763,817 ) |  | (599,396 ) |
NET CURRENT ASSETS (LIABILITIES) |  |  | 1,104,631 |  | 962,170
TOTAL ASSETS LESS CURRENT LIABILITIES |  |  | 3,623,338 |  | 3,508,388
PROVISIONS FOR LIABILITIES
Deferred Taxation |  |  | (286,872 ) |  | (284,714 )
NET ASSETS |  |  | 3,336,466 |  | 3,223,674
CAPITAL AND RESERVES
Called up share capital | 10 |  | 35,914 |  | 35,914
Revaluation reserve | 11 |  | 1,409,744 |  | 1,439,350
Profit and Loss Account |  |  | 1,890,808 |  | 1,748,410
SHAREHOLDERS' FUNDS |  |  | 3,336,466 |  | 3,223,674

Page 2
Page 3
Newport Furnishers Limited
Balance Sheet (continued)
As At 31 July 2025
For the year ending 31 July 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 G Sheppard Director | Mr M Sheppard Director
14/04/2026

The notes on pages 4 to 7 form part of these financial statements.
Page 3
Page 4
Newport Furnishers Limited
Notes to the Financial Statements
For The Year Ended 31 July 2025
Notes to the Financial Statements
1. General Information
Newport Furnishers Limited is a private company, limited by shares, incorporated in England & Wales, registered number 00985289 . The registered office is 19-24 George Street, Newport, Gwent, NP20 1EN.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
The presentational currency of the financial statements is pound sterling and the balances are rounded to the nearest £1.
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. 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 | 25% reducing balance
Fixtures & Fittings | 10% reducing balance
Computer Equipment | 10% to 20% reducing balance

2.4. Investment Properties
All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.
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.
Page 4
Page 5
Newport Furnishers Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 July 2025
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.
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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 33 (2024: 35)
33 35
4. Tangible Assets

| Land & Property
--- | ---
| Freehold | Plant & Machinery | Motor Vehicles | Computer Equipment | Total
| £ | £ | £ | £ | £
Cost
As at 1 August 2024 | 2,350,000 | 265,927 | 80,906 | 43,477 | 2,740,310
Additions | - | - | 15,995 | - | 15,995
Disposals | - | (8,993 ) | - | (583 ) | (9,576 )
As at 31 July 2025 | 2,350,000 | 256,934 | 96,901 | 42,894 | 2,746,729

...CONTINUED
Page 5
Page 6
Newport Furnishers Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 July 2025

Depreciation
As at 1 August 2024 | 409,112 | 248,049 | 72,701 | 40,230 | 770,092
Provided during the period | 37,446 | 2,564 | 2,051 | 582 | 42,643
Disposals | - | (8,209 ) | - | (504 ) | (8,713 )
As at 31 July 2025 | 446,558 | 242,404 | 74,752 | 40,308 | 804,022
Net Book Value
As at 31 July 2025 | 1,903,442 | 14,530 | 22,149 | 2,586 | 1,942,707
As at 1 August 2024 | 1,940,888 | 17,878 | 8,205 | 3,247 | 1,970,218

5. Investment Property

| 2025
--- | ---
| £
Fair Value
As at 1 August 2024 and 31 July 2025 | 226,000

6. Investments

| Unlisted
--- | ---
| £
Cost or Valuation
As at 1 August 2024 | 350,000
As at 31 July 2025 | 350,000
Provision
As at 1 August 2024 | -
As at 31 July 2025 | -
Net Book Value
As at 31 July 2025 | 350,000
As at 1 August 2024 | 350,000

The unlisted investment consists of shares in group undertakings.
7. Stocks

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Finished goods | 709,720 |  | 641,686

8. Debtors

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Due within one year
Trade debtors | 230,539 |  | 23,330
Prepayments and accrued income | 2,000 |  | 2,188
Other debtors | 42,098 |  | 42,098
| 274,637 |  | 67,616

Page 6
Page 7
Newport Furnishers Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 July 2025
9. Creditors: Amounts Falling Due Within One Year

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Trade creditors | 174,101 |  | 132,291
Corporation tax | 21,261 |  | -
Other taxes and social security | 100,068 |  | 4,498
VAT | 132,487 |  | 79,337
Other creditors | 818 |  | 1,033
Accruals and deferred income | 232,247 |  | 275,495
Directors' loan accounts | 102,835 |  | 106,742
| 763,817 |  | 599,396

10. Share Capital

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Allotted, Called up and fully paid | 35,914 |  | 35,914

11. Reserves

| Revaluation reserve | Profit and Loss Account
--- | --- | ---
| £ | £
As at 1 August 2024 | 1,439,350 | 1,748,410
Profit for the year and total comprehensive income | - | 112,792
Transfer from revaluation reserve | - | 29,606
Transfer to/from Profit & Loss Account | (29,606 ) | -
As at 31 July 2025 | 1,409,744 | 1,890,808

Page 7