Acorah Software Products - Accounts Production 19.2.350 false true 31 March 2025 1 April 2024 false 1 April 2025 31 March 2026 31 March 2026 05020863 Mr Alan Packham Mrs Nicola Packham Mrs Nicola Packham iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 05020863 2025-03-31 05020863 2026-03-31 05020863 2025-04-01 2026-03-31 05020863 frs-core:CurrentFinancialInstruments 2026-03-31 05020863 frs-core:Non-currentFinancialInstruments 2026-03-31 05020863 frs-core:BetweenOneFiveYears 2026-03-31 05020863 frs-core:NetGoodwill 2026-03-31 05020863 frs-core:NetGoodwill 2025-04-01 2026-03-31 05020863 frs-core:NetGoodwill 2025-03-31 05020863 frs-core:MotorVehicles 2026-03-31 05020863 frs-core:MotorVehicles 2025-04-01 2026-03-31 05020863 frs-core:MotorVehicles 2025-03-31 05020863 frs-core:PlantMachinery 2026-03-31 05020863 frs-core:PlantMachinery 2025-04-01 2026-03-31 05020863 frs-core:PlantMachinery 2025-03-31 05020863 frs-core:WithinOneYear 2026-03-31 05020863 frs-core:ShareCapital 2026-03-31 05020863 frs-core:RetainedEarningsAccumulatedLosses 2026-03-31 05020863 frs-bus:PrivateLimitedCompanyLtd 2025-04-01 2026-03-31 05020863 frs-bus:FilletedAccounts 2025-04-01 2026-03-31 05020863 frs-bus:SmallEntities 2025-04-01 2026-03-31 05020863 frs-bus:AuditExempt-NoAccountantsReport 2025-04-01 2026-03-31 05020863 frs-bus:SmallCompaniesRegimeForAccounts 2025-04-01 2026-03-31 05020863 frs-bus:Director1 2025-04-01 2026-03-31 05020863 frs-bus:Director2 2025-04-01 2026-03-31 05020863 frs-bus:CompanySecretary1 2025-04-01 2026-03-31 05020863 frs-core:CurrentFinancialInstruments 1 2026-03-31 05020863 frs-countries:EnglandWales 2025-04-01 2026-03-31 05020863 2024-03-31 05020863 2025-03-31 05020863 2024-04-01 2025-03-31 05020863 frs-core:CurrentFinancialInstruments 2025-03-31 05020863 frs-core:Non-currentFinancialInstruments 2025-03-31 05020863 frs-core:BetweenOneFiveYears 2025-03-31 05020863 frs-core:WithinOneYear 2025-03-31 05020863 frs-core:ShareCapital 2025-03-31 05020863 frs-core:RetainedEarningsAccumulatedLosses 2025-03-31 05020863 frs-core:CurrentFinancialInstruments 1 2025-03-31
Registered number: 05020863
Packham Engineering Services Limited
Unaudited Financial Statements
For The Year Ended 31 March 2026
Stanford Williams Limited
Chartered Certified Accountants
Units 1+2
Fair View, Woodland Place
Pengam
Caerphilly
NP12 3QX
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 05020863
2026 2025
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 54,400 54,400
Tangible Assets 5 22,224 29,632
76,624 84,032
CURRENT ASSETS
Stocks 6 2,690 5,690
Debtors 7 69,108 62,313
Cash at bank and in hand 20,147 45,589
91,945 113,592
Creditors: Amounts Falling Due Within One Year 8 (67,619 ) (72,003 )
NET CURRENT ASSETS (LIABILITIES) 24,326 41,589
TOTAL ASSETS LESS CURRENT LIABILITIES 100,950 125,621
Creditors: Amounts Falling Due After More Than One Year 9 (4,848 ) (9,323 )
NET ASSETS 96,102 116,298
CAPITAL AND RESERVES
Called up share capital 11 2 2
Profit and Loss Account 96,100 116,296
SHAREHOLDERS' FUNDS 96,102 116,298
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For the year ending 31 March 2026 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 Alan Packham
Director
23/04/2026
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
Packham Engineering Services Limited is a private company, limited by shares, incorporated in England & Wales, registered number 05020863 . The registered office is st Dingats Church Hall, James Street, New Tredegar, Gwent, NP24 6EW.
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. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account.
2.4. 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 25% reducing balance
Motor Vehicles 25% reducing balance
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.
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.
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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 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: 10 (2025: 9)
10 9
4. Intangible Assets
Goodwill
£
Cost
As at 1 April 2025 54,400
As at 31 March 2026 54,400
Net Book Value
As at 31 March 2026 54,400
As at 1 April 2025 54,400
5. Tangible Assets
Plant & Machinery Motor Vehicles Total
£ £ £
Cost
As at 1 April 2025 243,181 30,515 273,696
As at 31 March 2026 243,181 30,515 273,696
Depreciation
As at 1 April 2025 226,563 17,501 244,064
Provided during the period 4,155 3,253 7,408
As at 31 March 2026 230,718 20,754 251,472
Net Book Value
As at 31 March 2026 12,463 9,761 22,224
As at 1 April 2025 16,618 13,014 29,632
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6. Stocks
2026 2025
£ £
Stock 1,000 1,000
Work in progress 1,690 4,690
2,690 5,690
7. Debtors
2026 2025
£ £
Due within one year
Trade debtors 69,108 62,313
8. Creditors: Amounts Falling Due Within One Year
2026 2025
£ £
Net obligations under finance lease and hire purchase contracts 4,475 4,475
Trade creditors 1,556 6,240
Bank loans and overdrafts 32,379 29,924
Corporation tax - 7,303
Other taxes and social security 4,367 3,343
VAT 18,298 15,171
Net wages - 1,088
Pension 931 758
Barclaycard 1,371 2,396
Accruals and deferred income 1,260 1,305
Directors' loan accounts 2,982 -
67,619 72,003
9. Creditors: Amounts Falling Due After More Than One Year
2026 2025
£ £
Net obligations under finance lease and hire purchase contracts 4,848 9,323
10. Obligations Under Finance Leases and Hire Purchase
2026 2025
£ £
The future minimum finance lease payments are as follows:
Not later than one year 4,475 4,475
Later than one year and not later than five years 4,848 9,323
9,323 13,798
9,323 13,798
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11. Share Capital
2026 2025
£ £
Allotted, Called up and fully paid 2 2
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