Acorah Software Products - Accounts Production 19.2.350 false true true 31 January 2025 1 February 2024 false 1 February 2025 31 January 2026 31 January 2026 03532535 Mr S Baxter Mr P Baxter Mr J Baxter Ms C Bunting iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 03532535 2025-01-31 03532535 2026-01-31 03532535 2025-02-01 2026-01-31 03532535 frs-core:CurrentFinancialInstruments 2026-01-31 03532535 frs-core:ComputerEquipment 2026-01-31 03532535 frs-core:ComputerEquipment 2025-02-01 2026-01-31 03532535 frs-core:ComputerEquipment 2025-01-31 03532535 frs-core:FurnitureFittings 2026-01-31 03532535 frs-core:FurnitureFittings 2025-02-01 2026-01-31 03532535 frs-core:FurnitureFittings 2025-01-31 03532535 frs-core:NetGoodwill 2026-01-31 03532535 frs-core:NetGoodwill 2025-02-01 2026-01-31 03532535 frs-core:NetGoodwill 2025-01-31 03532535 frs-core:MotorVehicles 2026-01-31 03532535 frs-core:MotorVehicles 2025-02-01 2026-01-31 03532535 frs-core:MotorVehicles 2025-01-31 03532535 frs-core:PlantMachinery 2026-01-31 03532535 frs-core:PlantMachinery 2025-02-01 2026-01-31 03532535 frs-core:PlantMachinery 2025-01-31 03532535 frs-core:ShareCapital 2026-01-31 03532535 frs-core:RetainedEarningsAccumulatedLosses 2026-01-31 03532535 frs-bus:PrivateLimitedCompanyLtd 2025-02-01 2026-01-31 03532535 frs-bus:FilletedAccounts 2025-02-01 2026-01-31 03532535 frs-bus:SmallEntities 2025-02-01 2026-01-31 03532535 frs-bus:AuditExempt-NoAccountantsReport 2025-02-01 2026-01-31 03532535 frs-bus:SmallCompaniesRegimeForAccounts 2025-02-01 2026-01-31 03532535 frs-core:AcceleratedTaxDepreciationDeferredTax 2026-01-31 03532535 frs-bus:Director1 2025-02-01 2026-01-31 03532535 frs-bus:Director2 2025-02-01 2026-01-31 03532535 frs-bus:Director3 2025-02-01 2026-01-31 03532535 frs-bus:CompanySecretary1 2025-02-01 2026-01-31 03532535 frs-core:CurrentFinancialInstruments 3 2026-01-31 03532535 frs-core:CurrentFinancialInstruments 5 2026-01-31 03532535 frs-countries:EnglandWales 2025-02-01 2026-01-31 03532535 2024-01-31 03532535 2025-01-31 03532535 2024-02-01 2025-01-31 03532535 frs-core:CurrentFinancialInstruments 2025-01-31 03532535 frs-core:ShareCapital 2025-01-31 03532535 frs-core:RetainedEarningsAccumulatedLosses 2025-01-31 03532535 frs-core:AcceleratedTaxDepreciationDeferredTax 2025-01-31 03532535 frs-core:CurrentFinancialInstruments 3 2025-01-31 03532535 frs-core:CurrentFinancialInstruments 5 2025-01-31
Registered number: 03532535
Grasslands Ltd.
Unaudited Financial Statements
For The Year Ended 31 January 2026
Beresfords
Chartered Certified Accountants
1-2 Rhodium Point
Spindle Close
Hawkinge, Folkestone
Kent
CT18 7TQ
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 03532535
2026 2025
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 5 2,049,473 2,346,294
2,049,473 2,346,294
CURRENT ASSETS
Stocks 6 1,256,742 1,552,006
Debtors 7 467,275 454,238
Cash at bank and in hand 1,732,405 1,349,192
3,456,422 3,355,436
Creditors: Amounts Falling Due Within One Year 8 (191,154 ) (300,439 )
NET CURRENT ASSETS (LIABILITIES) 3,265,268 3,054,997
TOTAL ASSETS LESS CURRENT LIABILITIES 5,314,741 5,401,291
PROVISIONS FOR LIABILITIES
Deferred Taxation 9 (486,070 ) (556,005 )
NET ASSETS 4,828,671 4,845,286
CAPITAL AND RESERVES
Called up share capital 10 1,000 1,000
Profit and Loss Account 4,827,671 4,844,286
SHAREHOLDERS' FUNDS 4,828,671 4,845,286
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 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 S Baxter
Director
Mr P Baxter
Director
13/04/2026
The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Grasslands Ltd. is a private company, limited by shares, incorporated in England & Wales, registered number 03532535 . The registered office is Grasslands Ashford Road, New Romney, Kent, TN28 8TH.
The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £.
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.
The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £1.
2.2. Going Concern Disclosure
The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.
2.3. Significant judgements and estimations
No judgements have been made in the process of applying the accounting policies that have had a significant effect on the amounts recognised in the financial statements.
No key assumptions concerning the future and other key sources of estimation uncertainty at the reporting date which have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year have been made.
2.4. 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.
2.5. 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 over its estimated economic life.
2.6. 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 Between 5 and 10 years straight line
Motor Vehicles Between 4 and 10 years straight line
Fixtures & Fittings 20% reducing balance
Computer Equipment 5 years straight line
Page 3
Page 4
2.7. 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.
2.8. Cash and Cash Equivalents
Cash and cash equivalents are basic financial assets and include cash in hand and deposits held at call with banks, other short-term highly liquid investments that mature in no more than three months from the date of acquisition and are readily convertible to a known amount of cash with insignificant risk of change in value, and bank overdrafts.
2.9. Interest Receivable
Interest income is recognised in the profit and loss account using the effective interest method.
2.10. Interest Payable
Finance costs are charged to the profit and loss account over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.
2.11. 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.
2.12. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 27 (2025: 27)
27 27
Page 4
Page 5
4. Intangible Assets
Goodwill
£
Cost
As at 1 February 2025 175,974
As at 31 January 2026 175,974
Amortisation
As at 1 February 2025 175,974
As at 31 January 2026 175,974
Net Book Value
As at 31 January 2026 -
As at 1 February 2025 -
5. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 February 2025 2,095,418 2,725,647 553,622 11,756 5,386,443
Additions 105,742 - - 1,505 107,247
Disposals (30,327 ) (32,700 ) - - (63,027 )
As at 31 January 2026 2,170,833 2,692,947 553,622 13,261 5,430,663
Depreciation
As at 1 February 2025 1,207,993 1,408,705 411,695 11,756 3,040,149
Provided during the period 170,673 195,742 28,386 301 395,102
Disposals (25,840 ) (28,221 ) - - (54,061 )
As at 31 January 2026 1,352,826 1,576,226 440,081 12,057 3,381,190
Net Book Value
As at 31 January 2026 818,007 1,116,721 113,541 1,204 2,049,473
As at 1 February 2025 887,425 1,316,942 141,927 - 2,346,294
6. Stocks
2026 2025
£ £
Materials 1,256,742 1,552,006
Page 5
Page 6
7. Debtors
2026 2025
£ £
Due within one year
Trade debtors 107,166 231,640
Prepayments and accrued income 360,109 222,598
467,275 454,238
8. Creditors: Amounts Falling Due Within One Year
2026 2025
£ £
Trade creditors 130,887 216,355
Corporation tax 3,672 -
Other taxes and social security 17,855 17,852
VAT 23,983 38,611
Pension contributions due 807 1,763
Credit card 1,480 1,480
Accruals and deferred income 12,470 16,575
Directors' loan accounts - 7,803
191,154 300,439
9. Deferred Taxation
The provision for deferred tax is made up as follows:
2026 2025
£ £
Accelerated capital allowances (69,935 ) 32,710
Other timing differences 556,005 523,295
486,070 556,005
10. Share Capital
2026 2025
£ £
Allotted, Called up and fully paid 1,000 1,000
11. Pension Commitments
At the balance sheet date contributions of £806 (2025: £1,762) were due to the fund and are included in creditors.
Page 6