Acorah Software Products - Accounts Production 19.2.450 false true 30 September 2024 1 October 2023 false 1 October 2024 30 September 2025 30 September 2025 09220549 Mr Kyle Harris Mr Keiron Harris iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 09220549 2024-09-30 09220549 2025-09-30 09220549 2024-10-01 2025-09-30 09220549 frs-core:CurrentFinancialInstruments 2025-09-30 09220549 frs-core:MotorVehicles 2025-09-30 09220549 frs-core:MotorVehicles 2024-10-01 2025-09-30 09220549 frs-core:MotorVehicles 2024-09-30 09220549 frs-core:PlantMachinery 2025-09-30 09220549 frs-core:PlantMachinery 2024-10-01 2025-09-30 09220549 frs-core:PlantMachinery 2024-09-30 09220549 frs-core:ShareCapital 2025-09-30 09220549 frs-core:RetainedEarningsAccumulatedLosses 2025-09-30 09220549 frs-bus:PrivateLimitedCompanyLtd 2024-10-01 2025-09-30 09220549 frs-bus:FilletedAccounts 2024-10-01 2025-09-30 09220549 frs-bus:SmallEntities 2024-10-01 2025-09-30 09220549 frs-bus:AuditExempt-NoAccountantsReport 2024-10-01 2025-09-30 09220549 frs-bus:SmallCompaniesRegimeForAccounts 2024-10-01 2025-09-30 09220549 frs-bus:Director1 2024-10-01 2025-09-30 09220549 frs-bus:Director2 2024-10-01 2025-09-30 09220549 frs-core:CurrentFinancialInstruments 1 2025-09-30 09220549 frs-countries:EnglandWales 2024-10-01 2025-09-30 09220549 2023-09-30 09220549 2024-09-30 09220549 2023-10-01 2024-09-30 09220549 frs-core:CurrentFinancialInstruments 2024-09-30 09220549 frs-core:ShareCapital 2024-09-30 09220549 frs-core:RetainedEarningsAccumulatedLosses 2024-09-30 09220549 frs-core:CurrentFinancialInstruments 1 2024-09-30
Registered number: 09220549
South Coast Steel Ltd
Unaudited Financial Statements
For The Year Ended 30 September 2025
Tasker Osman & Co
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 09220549
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 17,470 3,519
17,470 3,519
CURRENT ASSETS
Stocks 5 19,680 19,320
Debtors 6 318,461 255,396
Cash at bank and in hand 114,626 60,285
452,767 335,001
Creditors: Amounts Falling Due Within One Year 7 (119,819 ) (70,591 )
NET CURRENT ASSETS (LIABILITIES) 332,948 264,410
TOTAL ASSETS LESS CURRENT LIABILITIES 350,418 267,929
NET ASSETS 350,418 267,929
CAPITAL AND RESERVES
Called up share capital 8 2 2
Profit and Loss Account 350,416 267,927
SHAREHOLDERS' FUNDS 350,418 267,929
Page 1
Page 2
For the year ending 30 September 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 Kyle Harris
Director
04/06/2026
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
South Coast Steel Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 09220549 . The registered office is Broyle Place Farm, Laughton Road, Ringmer, East Sussex, BN8 5SD.
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:
Plant & Machinery 25%
Motor Vehicles 25%
2.4. 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.
2.5. 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 year 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 asset reflects 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.
...CONTINUED
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2.5. Taxation - continued
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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 7 (2024: 7)
7 7
4. Tangible Assets
Plant & Machinery Motor Vehicles Total
£ £ £
Cost
As at 1 October 2024 24,313 7,600 31,913
Additions - 16,950 16,950
As at 30 September 2025 24,313 24,550 48,863
Depreciation
As at 1 October 2024 22,798 5,596 28,394
Provided during the period 379 2,620 2,999
As at 30 September 2025 23,177 8,216 31,393
Net Book Value
As at 30 September 2025 1,136 16,334 17,470
As at 1 October 2024 1,515 2,004 3,519
5. Stocks
2025 2024
£ £
Stock 19,680 19,320
6. Debtors
2025 2024
£ £
Due within one year
Trade debtors 312,636 255,396
Other debtors 5,825 -
318,461 255,396
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Page 5
7. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 44,904 34,654
Corporation tax 19,425 6,066
Other taxes and social security 6,318 5,027
VAT 9,110 3,146
CIS Deducted on sales - (2,070 )
Credit Card Cap On Tap 14,690 -
Accruals and deferred income 1,450 1,400
Directors' loan accounts 23,922 22,368
119,819 70,591
8. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 2 2
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