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Registered number: 11728056
Sw Plant Hire Ltd
Unaudited Financial Statements
For The Year Ended 31 January 2026
LNH Management Solutions Limited
Chartered Certified Accountants
Suite 6 Business Centre Innsworth Technology Park
Innsworth Lane
Gloucester
Gloucestershire
GL3 1DL
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—7
Page 1
Balance Sheet
Registered number: 11728056
2026 2025
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 2,228,389 1,847,479
Investments 5 40,000 -
2,268,389 1,847,479
CURRENT ASSETS
Stocks 6 12,500 12,100
Debtors 7 3,258 436
Cash at bank and in hand 62,689 37,515
78,447 50,051
Creditors: Amounts Falling Due Within One Year 8 (163,174 ) (283,824 )
NET CURRENT ASSETS (LIABILITIES) (84,727 ) (233,773 )
TOTAL ASSETS LESS CURRENT LIABILITIES 2,183,662 1,613,706
Creditors: Amounts Falling Due After More Than One Year 9 (1,401,194 ) (975,663 )
NET ASSETS 782,468 638,043
CAPITAL AND RESERVES
Called up share capital 11 100 100
Revaluation reserve 12 489,442 449,442
Profit and Loss Account 292,926 188,501
SHAREHOLDERS' FUNDS 782,468 638,043
Page 1
Page 2
For the year ending 31 January 2026 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 her 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
Mrs Claire Butterfield
Director
15/04/2026
The notes on pages 3 to 7 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Sw Plant Hire Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 11728056 . The registered office is Briar Rigg Hollis Grove, Welford On Avon, Stratford-Upon-Avon, CV37 8GB.
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:
Freehold Nil depreciation
Plant & Machinery 10% reducing balance
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.
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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.
2.7. Nature of Business
The company’s rental income is derived from a diversified portfolio of commercial and residential properties. Commercial income is secured under formal lease agreements, typically with terms of five years.
Residential income is generated from long-standing tenants under assured shorthold tenancy agreements, typically renewed on an annual or bi-annual basis.
The director considers this income to be stable and recurring in nature and forming the core income stream of the business.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2025: 1)
1 1
4. Tangible Assets
Land & Property
Freehold Plant & Machinery Total
£ £ £
Cost or Valuation
As at 1 February 2025 1,528,265 447,117 1,975,382
Additions 260,768 124,664 385,432
Disposals - (14,000 ) (14,000 )
Revaluation 40,000 - 40,000
As at 31 January 2026 1,829,033 557,781 2,386,814
Depreciation
As at 1 February 2025 - 127,903 127,903
Provided during the period - 30,522 30,522
As at 31 January 2026 - 158,425 158,425
...CONTINUED
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Page 5
Net Book Value
As at 31 January 2026 1,829,033 399,356 2,228,389
As at 1 February 2025 1,528,265 319,214 1,847,479
Included above are assets held under finance leases or hire purchase contracts with a net book value as follows:
2026 2025
£ £
Plant & Machinery 164,649 133,767
5. Investments
Subsidiaries
£
Cost or Valuation
As at 1 February 2025 -
Additions 40,000
As at 31 January 2026 40,000
Provision
As at 1 February 2025 -
As at 31 January 2026 -
Net Book Value
As at 31 January 2026 40,000
As at 1 February 2025 -
6. Stocks
2026 2025
£ £
Stock 12,500 -
Materials - 12,100
12,500 12,100
7. Debtors
2026 2025
£ £
Due within one year
VAT 3,258 436
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8. Creditors: Amounts Falling Due Within One Year
2026 2025
£ £
Net obligations under finance lease and hire purchase contracts 36,710 34,501
Other loans 19,167 10,000
Corporation tax 10,266 2,814
Other creditors 78,130 68,410
Accruals and deferred income 18,901 9,140
Director's loan account - 158,959
163,174 283,824
9. Creditors: Amounts Falling Due After More Than One Year
2026 2025
£ £
Net obligations under finance lease and hire purchase contracts 54,450 25,842
Bank loans 213,860 97,000
Other loans 189,988 209,196
Directors loan account 942,896 643,625
1,401,194 975,663
Bank borrowings are secured against the company’s property portfolio and are serviced from rental income generated by those assets.
The company’s funding structure is aligned with its long-term investment strategy, with property assets financed through secured lending and supported by director funding.
10. Obligations Under Finance Leases and Hire Purchase
2026 2025
£ £
The future minimum finance lease payments are as follows:
Not later than one year 36,710 34,501
Later than one year and not later than five years 54,450 25,842
91,160 60,343
91,160 60,343
11. Share Capital
2026 2025
£ £
Allotted, Called up and fully paid 100 100
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12. Reserves
Revaluation reserve Profit and Loss Account
£ £
As at 1 February 2025 449,442 188,501
Profit for year - 128,310
Net investment property revaluation reserve 40,000 -
Other comprehensive income for the year 40,000 -
Total comprehensive income for the year 40,000 128,310
Dividends paid - (23,885)
As at 31 January 2026 489,442 292,926
13. Related Party Transactions
As at 31 January 2026, the company’s liabilities include balances arising from funding provided by the director and a related party company. These are summarised as follows:
• £942,896 is owed to the director. This balance is unsecured, interest-free, and has no fixed repayment terms. The director has confirmed that repayment will not be sought within at least 12 months from the date of approval of these financial statements and that the balance is subordinated to any external lending.
• £78,130 is owed to a related party company and is included within current liabilities. This balance is unsecured, interest-free, and has no fixed repayment terms. The related party has confirmed that repayment is not expected in the short to medium term.
These balances represent long-term funding provided to support the company’s operations and ongoing investment in its property portfolio and are not expected to adversely impact the company’s short-term liquidity position.
14. Investments in Subsidiaries
During the year, the company acquired 100% of the share capital of Tuffley Park Management Ltd for the consideration of £40,000.
The fair value of the identifiable net assets acquired was £585,000, which is primarily reflected in recent revaluation consderations of the freehold property.
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