Acorah Software Products - Accounts Production 19.1.200 false true 31 July 2024 1 August 2023 false 1 August 2024 31 July 2025 31 July 2025 12131419 Mr Gavin Pincombe iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 12131419 2024-07-31 12131419 2025-07-31 12131419 2024-08-01 2025-07-31 12131419 frs-core:CurrentFinancialInstruments 2025-07-31 12131419 frs-core:Non-currentFinancialInstruments 2025-07-31 12131419 frs-core:BetweenOneFiveYears 2025-07-31 12131419 frs-core:ComputerEquipment 2025-07-31 12131419 frs-core:ComputerEquipment 2024-08-01 2025-07-31 12131419 frs-core:ComputerEquipment 2024-07-31 12131419 frs-core:FurnitureFittings 2025-07-31 12131419 frs-core:FurnitureFittings 2024-08-01 2025-07-31 12131419 frs-core:FurnitureFittings 2024-07-31 12131419 frs-core:MotorVehicles 2025-07-31 12131419 frs-core:MotorVehicles 2024-08-01 2025-07-31 12131419 frs-core:MotorVehicles 2024-07-31 12131419 frs-core:PlantMachinery 2025-07-31 12131419 frs-core:PlantMachinery 2024-08-01 2025-07-31 12131419 frs-core:PlantMachinery 2024-07-31 12131419 frs-core:WithinOneYear 2025-07-31 12131419 frs-core:ShareCapital 2025-07-31 12131419 frs-core:RetainedEarningsAccumulatedLosses 2025-07-31 12131419 frs-bus:PrivateLimitedCompanyLtd 2024-08-01 2025-07-31 12131419 frs-bus:FilletedAccounts 2024-08-01 2025-07-31 12131419 frs-bus:SmallEntities 2024-08-01 2025-07-31 12131419 frs-bus:AuditExempt-NoAccountantsReport 2024-08-01 2025-07-31 12131419 frs-bus:SmallCompaniesRegimeForAccounts 2024-08-01 2025-07-31 12131419 frs-bus:Director1 2024-08-01 2025-07-31 12131419 frs-countries:EnglandWales 2024-08-01 2025-07-31 12131419 2023-07-31 12131419 2024-07-31 12131419 2023-08-01 2024-07-31 12131419 frs-core:CurrentFinancialInstruments 2024-07-31 12131419 frs-core:Non-currentFinancialInstruments 2024-07-31 12131419 frs-core:BetweenOneFiveYears 2024-07-31 12131419 frs-core:WithinOneYear 2024-07-31 12131419 frs-core:ShareCapital 2024-07-31 12131419 frs-core:RetainedEarningsAccumulatedLosses 2024-07-31
Registered number: 12131419
Precision Scaffolding Ltd
Unaudited Financial Statements
For The Year Ended 31 July 2025
Contents
Page
Company Information 1
Balance Sheet 2—3
Notes to the Financial Statements 4—7
Page 1
Company Information
Director Mr Gavin Pincombe
Company Number 12131419
Registered Office Unit 4, Wilderbrook Way
Mullacott Cross Industrial Estate
Ilfracombe
Devon
EX34 8FN
Accountants MLJ Accountants (SW) Ltd
Office G9a
1 Enterprise Road
Barnstaple
Devon
EX31 3YB
Page 1
Page 2
Balance Sheet
Registered number: 12131419
2025 2024
as restated
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 5 388,396 319,101
388,396 319,101
CURRENT ASSETS
Stocks 6 1,000 1,000
Debtors 7 150,016 68,623
Cash at bank and in hand 12,123 1,666
163,139 71,289
Creditors: Amounts Falling Due Within One Year 8 (252,477 ) (212,498 )
NET CURRENT ASSETS (LIABILITIES) (89,338 ) (141,209 )
TOTAL ASSETS LESS CURRENT LIABILITIES 299,058 177,892
Creditors: Amounts Falling Due After More Than One Year 9 (124,009 ) (71,192 )
PROVISIONS FOR LIABILITIES
Deferred taxation (84,118 ) (68,091 )
NET ASSETS 90,931 38,609
CAPITAL AND RESERVES
Called up share capital 11 100 100
Profit and Loss Account 90,831 38,509
SHAREHOLDERS' FUNDS 90,931 38,609
Page 2
Page 3
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 member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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 Gavin Pincombe
Director
23/04/2026
The notes on pages 4 to 7 form part of these financial statements.
Page 3
Page 4
Notes to the Financial Statements
1. General Information
Precision Scaffolding Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 12131419 . The registered office is Unit 4, Wilderbrook Way, Mullacott Cross Industrial Estate, Ilfracombe, Devon, EX34 8FN.
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. 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:
Plant & Machinery 15% reducing balance
Motor Vehicles 20% straight line
Fixtures & Fittings 20% straight line
Computer Equipment 20% straight line
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.
Page 4
Page 5
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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 14 (2024: 12)
14 12
4. Prior Period Adjustment
Equity as previously reported at 31 July 2024 £172,250.
Adjustments to prior years (£65,550)
Deferred tax liability previously omitted (£68,091)
Restated equity reported at 31 July 2024 £38,609
Page 5
Page 6
5. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 August 2024 320,952 137,280 1,840 1,068 461,140
Additions 91,032 51,790 - 536 143,358
As at 31 July 2025 411,984 189,070 1,840 1,604 604,498
Depreciation
As at 1 August 2024 94,820 46,385 662 172 142,039
Provided during the period 45,207 28,249 368 239 74,063
As at 31 July 2025 140,027 74,634 1,030 411 216,102
Net Book Value
As at 31 July 2025 271,957 114,436 810 1,193 388,396
As at 1 August 2024 226,132 90,895 1,178 896 319,101
6. Stocks
2025 2024
as restated
£ £
Stock 1,000 1,000
7. Debtors
2025 2024
as restated
£ £
Due within one year
Trade debtors 127,883 62,827
Other debtors 22,133 5,796
150,016 68,623
Page 6
Page 7
8. Creditors: Amounts Falling Due Within One Year
2025 2024
as restated
£ £
Net obligations under finance lease and hire purchase contracts 55,200 33,126
Trade creditors 77,449 59,540
Bank loans and overdrafts 3,333 4,138
Other creditors 84,409 90,799
Taxation and social security 32,086 24,895
252,477 212,498
9. Creditors: Amounts Falling Due After More Than One Year
2025 2024
as restated
£ £
Net obligations under finance lease and hire purchase contracts 124,009 67,997
Bank loans - 3,195
124,009 71,192
10. Obligations Under Finance Leases and Hire Purchase
2025 2024
as restated
£ £
The future minimum finance lease payments are as follows:
Not later than one year 55,200 33,126
Later than one year and not later than five years 124,009 67,997
179,209 101,123
179,209 101,123
11. Share Capital
2025 2024
as restated
£ £
Allotted, Called up and fully paid 100 100
Page 7