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Registered number: 12274080
Marshalsea Engineering Limited
Unaudited Financial Statements
For The Year Ended 31 December 2025
Blue Penguin Chartered Accountants
16 Claremont Drive
Taunton
Somerset
TA1 4JF
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 12274080
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 511,793 572,862
511,793 572,862
CURRENT ASSETS
Stocks 5 212,866 192,166
Debtors 6 299,836 250,449
Cash at bank and in hand 16,546 31,737
529,248 474,352
Creditors: Amounts Falling Due Within One Year 7 (396,090 ) (352,764 )
NET CURRENT ASSETS (LIABILITIES) 133,158 121,588
TOTAL ASSETS LESS CURRENT LIABILITIES 644,951 694,450
Creditors: Amounts Falling Due After More Than One Year 8 (299,140 ) (347,930 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (86,622 ) (77,835 )
NET ASSETS 259,189 268,685
CAPITAL AND RESERVES
Called up share capital 10 1 1
Profit and Loss Account 259,188 268,684
SHAREHOLDERS' FUNDS 259,189 268,685
Page 1
Page 2
For the year ending 31 December 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 C J Hutt
Director
19/05/2026
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Marshalsea Engineering Limited is a private company, limited by shares, incorporated in England & Wales, registered number 12274080 . The registered office is Unit 3, Venture Way, Priorswood Industrial Estate, Taunton, Somerser, TA2 8DE.
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:
Leasehold Over 5 years
Plant & Machinery 10% reducing balance
Motor Vehicles 25% 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 15 (2024: 15)
15 15
4. Tangible Assets
Land & Property
Leasehold Plant & Machinery Motor Vehicles Total
£ £ £ £
Cost
As at 1 January 2025 34,412 870,854 64,100 969,366
Additions - 5,000 - 5,000
As at 31 December 2025 34,412 875,854 64,100 974,366
Depreciation
As at 1 January 2025 31,849 354,078 10,577 396,504
Provided during the period 880 51,808 13,381 66,069
As at 31 December 2025 32,729 405,886 23,958 462,573
Net Book Value
As at 31 December 2025 1,683 469,968 40,142 511,793
As at 1 January 2025 2,563 516,776 53,523 572,862
Included above are assets held under finance leases or hire purchase contracts with a net book value as follows:
2025 2024
£ £
Plant & Machinery 268,592 307,357
Page 4
Page 5
5. Stocks
2025 2024
£ £
Stock 212,866 192,166
6. Debtors
2025 2024
£ £
Due within one year
Trade debtors 280,562 208,895
Other debtors 19,274 41,554
299,836 250,449
7. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Net obligations under finance lease and hire purchase contracts 101,867 117,308
Trade creditors 162,051 187,378
Bank loans and overdrafts 53,729 -
Taxation and social security 78,443 48,078
396,090 352,764
8. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Net obligations under finance lease and hire purchase contracts 106,489 208,391
Directors loan account 192,651 139,539
299,140 347,930
9. Obligations Under Finance Leases and Hire Purchase
2025 2024
£ £
The future minimum finance lease payments are as follows:
Not later than one year 101,867 117,308
Later than one year and not later than five years 106,489 208,391
208,356 325,699
208,356 325,699
10. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 1 1
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