Acorah Software Products - Accounts Production 19.2.450 false true 31 August 2024 1 September 2023 false 1 September 2024 31 August 2025 31 August 2025 10932760 Mr S C Jeffs Mrs S K Jeffs Mr and Mrs Jeffs true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 10932760 2024-08-31 10932760 2025-08-31 10932760 2024-09-01 2025-08-31 10932760 frs-core:CurrentFinancialInstruments 2025-08-31 10932760 frs-core:ComputerEquipment 2024-09-01 2025-08-31 10932760 frs-core:CopyrightsPatentsTrademarksServiceOperatingRights 2025-08-31 10932760 frs-core:CopyrightsPatentsTrademarksServiceOperatingRights 2024-09-01 2025-08-31 10932760 frs-core:CopyrightsPatentsTrademarksServiceOperatingRights 2024-08-31 10932760 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2025-08-31 10932760 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2024-09-01 2025-08-31 10932760 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2024-08-31 10932760 frs-core:FurnitureFittings 2024-09-01 2025-08-31 10932760 frs-core:MotorVehicles 2024-09-01 2025-08-31 10932760 frs-core:PlantMachinery 2025-08-31 10932760 frs-core:PlantMachinery 2024-09-01 2025-08-31 10932760 frs-core:PlantMachinery 2024-08-31 10932760 frs-core:ShareCapital 2025-08-31 10932760 frs-core:RetainedEarningsAccumulatedLosses 2025-08-31 10932760 frs-bus:PrivateLimitedCompanyLtd 2024-09-01 2025-08-31 10932760 frs-bus:FilletedAccounts 2024-09-01 2025-08-31 10932760 frs-bus:SmallEntities 2024-09-01 2025-08-31 10932760 frs-bus:AuditExempt-NoAccountantsReport 2024-09-01 2025-08-31 10932760 frs-bus:SmallCompaniesRegimeForAccounts 2024-09-01 2025-08-31 10932760 1 2024-09-01 2025-08-31 10932760 frs-bus:Director1 2024-09-01 2025-08-31 10932760 frs-bus:Director2 2024-09-01 2025-08-31 10932760 frs-countries:EnglandWales 2024-09-01 2025-08-31 10932760 2023-08-31 10932760 2024-08-31 10932760 2023-09-01 2024-08-31 10932760 frs-core:CurrentFinancialInstruments 2024-08-31 10932760 frs-core:ShareCapital 2024-08-31 10932760 frs-core:RetainedEarningsAccumulatedLosses 2024-08-31
Registered number: 10932760
Brooklands Watch Company Limited
Financial Statements
For The Year Ended 31 August 2025
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 10932760
2025 2024
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 209,611 181,893
Tangible Assets 5 71,359 74,194
280,970 256,087
CURRENT ASSETS
Stocks 6 370,360 346,326
Debtors 7 418,563 300,741
Cash at bank and in hand 53,217 3,068
842,140 650,135
Creditors: Amounts Falling Due Within One Year 8 (2,197,850 ) (1,695,437 )
NET CURRENT ASSETS (LIABILITIES) (1,355,710 ) (1,045,302 )
TOTAL ASSETS LESS CURRENT LIABILITIES (1,074,740 ) (789,215 )
NET LIABILITIES (1,074,740 ) (789,215 )
CAPITAL AND RESERVES
Called up share capital 9 100 100
Profit and Loss Account (1,074,840 ) (789,315 )
SHAREHOLDERS' FUNDS (1,074,740) (789,215)
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For the year ending 31 August 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 S C Jeffs
Director
29 May 2026
The notes on pages 3 to 6 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Brooklands Watch Company Limited is a private company, limited by shares, incorporated in England & Wales, registered number 10932760 . The registered office is Yew Tree House, Lewes Road, Forest Row, East Sussex, RH18 5AA.
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. Research and Development
In the research phase of an internal project it is not possible to demonstrate that the project will generate future economic benefits and hence all expenditure on research is recognised as an expense when it is incurred. Intangible assets are recognised from the development phase of a project if and only if certain specific criteria are met in order to demonstrate the asset will generate probable future economic benefits and that its cost can be reliably measured. The capitalised development costs are subsequently amortised on a straight line basis over their expected useful economic lives, which range from 3 to 6 years.
If it is not possible to distinguish between the research phase and the development phase of an internal project the expenditure is treated as if it were all incurred in the research phase only.
2.4. Intangible Fixed Assets and Amortisation - Intellectual Property
Intellectual property assets are a trademark and development costs. They are amortised to the profit and loss account over their estimated economic life of 10 years and 4 years respectively.
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2.5. 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
Website 20% straight line
Fixtures & Fittings 25% reducing balance
Office Equipment 25% reducing balance
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 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 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.
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3. Average Number of Employees
Average number of employees, including directors, during the year was: 3 (2024: 3)
3 3
4. Intangible Assets
Development Costs Trademarks Total
£ £ £
Cost
As at 1 September 2024 218,399 4,254 222,653
Additions 47,460 - 47,460
As at 31 August 2025 265,859 4,254 270,113
Amortisation
As at 1 September 2024 38,634 2,126 40,760
Provided during the period 19,317 425 19,742
As at 31 August 2025 57,951 2,551 60,502
Net Book Value
As at 31 August 2025 207,908 1,703 209,611
As at 1 September 2024 179,765 2,128 181,893
5. Tangible Assets
Plant & Machinery etc.
£
Cost
As at 1 September 2024 113,659
Additions 13,008
As at 31 August 2025 126,667
Depreciation
As at 1 September 2024 39,465
Provided during the period 15,843
As at 31 August 2025 55,308
Net Book Value
As at 31 August 2025 71,359
As at 1 September 2024 74,194
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6. Stocks
2025 2024
£ £
Stock 370,360 346,326
7. Debtors
2025 2024
£ £
Due within one year
Other debtors 418,563 300,741
8. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 25,645 9,858
Other creditors 2,171,357 1,684,862
Taxation and social security 848 717
2,197,850 1,695,437
9. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 100 100
10. Directors Advances, Credits and Guarantees
Included in other creditors due within one year are loans from the directors, Mr and Mrs Jeffs amounting to £381 (2024: £219,381).
11. Related Party Transactions
The director Mr S C Jeffs is also a director of Orange Aero Limited, a company incorporated in England
and Wales and limited by shares.
At the end of the year Brooklands Watch Company Limited had balances owing to Orange Aero Limited amounting to £2,143,957 (2024: £1,454,176). This amount is included in other creditors due within one
year.
12. Ultimate Controlling Party
The company was controlled throughout the current and previous period by its directors, Mr and Mrs Jeffs by virtue of the fact that they own all of the company's ordinary issued share capital.
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