Acorah Software Products - Accounts Production 19.2.450 false true 31 December 2024 1 January 2024 true No description of principal activity 1 January 2025 31 December 2025 31 December 2025 09898307 Mr Ben Lawson iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 09898307 2024-12-31 09898307 2025-12-31 09898307 2025-01-01 2025-12-31 09898307 frs-core:CurrentFinancialInstruments 2025-12-31 09898307 frs-core:Non-currentFinancialInstruments 2025-12-31 09898307 frs-core:BetweenOneFiveYears 2025-12-31 09898307 frs-core:ComputerEquipment 2025-12-31 09898307 frs-core:ComputerEquipment 2025-01-01 2025-12-31 09898307 frs-core:ComputerEquipment 2024-12-31 09898307 frs-core:FurnitureFittings 2025-12-31 09898307 frs-core:FurnitureFittings 2025-01-01 2025-12-31 09898307 frs-core:FurnitureFittings 2024-12-31 09898307 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2025-12-31 09898307 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2025-01-01 2025-12-31 09898307 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-12-31 09898307 frs-core:MotorVehicles 2025-12-31 09898307 frs-core:MotorVehicles 2025-01-01 2025-12-31 09898307 frs-core:MotorVehicles 2024-12-31 09898307 frs-core:PlantMachinery 2025-12-31 09898307 frs-core:PlantMachinery 2025-01-01 2025-12-31 09898307 frs-core:PlantMachinery 2024-12-31 09898307 frs-core:WithinOneYear 2025-12-31 09898307 frs-core:RevaluationReserve 2025-01-01 2025-12-31 09898307 frs-core:RevaluationReserve 2024-12-31 09898307 frs-core:RevaluationReserve 2025-12-31 09898307 frs-core:ShareCapital 2025-12-31 09898307 frs-core:RetainedEarningsAccumulatedLosses 2025-01-01 2025-12-31 09898307 frs-core:RetainedEarningsAccumulatedLosses frs-core:PreviouslyStatedAmount 2024-12-31 09898307 frs-core:RetainedEarningsAccumulatedLosses 2025-12-31 09898307 frs-bus:PrivateLimitedCompanyLtd 2025-01-01 2025-12-31 09898307 frs-bus:FullAccounts 2025-01-01 2025-12-31 09898307 frs-bus:SmallEntities 2025-01-01 2025-12-31 09898307 frs-bus:AuditExemptWithAccountantsReport 2025-01-01 2025-12-31 09898307 frs-bus:SmallCompaniesRegimeForAccounts 2025-01-01 2025-12-31 09898307 frs-bus:SmallCompaniesRegimeForDirectorsReport 2025-01-01 2025-12-31 09898307 frs-bus:Director1 2025-01-01 2025-12-31 09898307 frs-countries:EnglandWales 2025-01-01 2025-12-31 09898307 2023-12-31 09898307 2024-12-31 09898307 2024-01-01 2024-12-31 09898307 frs-core:CurrentFinancialInstruments 2024-12-31 09898307 frs-core:Non-currentFinancialInstruments 2024-12-31 09898307 frs-core:BetweenOneFiveYears 2024-12-31 09898307 frs-core:WithinOneYear 2024-12-31 09898307 frs-core:RevaluationReserve 2024-12-31 09898307 frs-core:ShareCapital 2024-12-31 09898307 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31
Registered number: 09898307
Project Construction SW Ltd
Director's Report and
Unaudited Financial Statements
For The Year Ended 31 December 2025
Whyfield Limited
Contents
Page
Company Information 1
Director's Report 2
Accountant's Report 3
Profit and Loss Account 4
Balance Sheet 5—6
Notes to the Financial Statements 7—10
Page 1
Company Information
Director Mr Ben Lawson
Company Number 09898307
Registered Office Ground Floor Building A
Green Court, Truro Business Park
Threemilestone, Truro
Cornwall
TR4 9LF
Accountants Whyfield Limited
Whyfield Truro Business Park
Threemilestone
Truro
Cornwall
TR4 9LF
Page 1
Page 2
Director's Report
The director presents his report and the financial statements for the year ended 31 December 2025.
Directors
The director who held office during the year were as follows:
Mr Ben Lawson
Statement of Director's Responsibilities
The director is responsible for preparing the Director's Report and the financial statements in accordance with applicable law and regulations.
Company law requires the director to prepare financial statements for each financial year. Under that law the director has elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the director must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing the financial statements the director is required to:
  • select suitable accounting policies and then apply them consistently;
  • make judgments and accounting estimates that are reasonable and prudent;
  • prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.
The director is responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. He is also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The director is responsible for the maintenance and integrity of the corporate and financial information included on the company's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.
Small Company Rules
This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
On behalf of the board
Mr Ben Lawson
Director
07/07/2026
Page 2
Page 3
Accountant's Report
In accordance with the engagement letter dated 02 June 2023, and in order to assist you to fulfil your duties under the Companies Act 2006, we have compiled the financial statements of the company from the accounting records and information and explanations you have given to us.
This report is made to the director in accordance with the terms of our engagement. Our work has been undertaken to prepare for approval by the director the financial statements that we have been engaged to compile, to report to the director that we have done so, and to state those matters that we have agreed to state to them in this report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the Company and the Company's director for our work or for this report.
You have acknowledged on the balance sheet as at year ended 31 December 2025 your duty to ensure that the company has kept proper accounting records and to prepare financial statements that give a true and fair view under the Companies Act 2006. You consider that the company is exempt from the statutory requirement for an audit for the year.
We have not been instructed to carry out an audit of the financial statements. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the financial statements.
07/07/2026
Whyfield Limited
Whyfield Truro Business Park
Threemilestone
Truro
Cornwall
TR4 9LF
Page 3
Page 4
Profit and Loss Account
2025 2024
Notes £ £
TURNOVER 1,024,837 1,050,746
Cost of sales (798,321 ) (735,307 )
GROSS PROFIT 226,516 315,439
Administrative expenses (148,525 ) (139,359 )
OPERATING PROFIT 77,991 176,080
Loss on disposal of fixed assets (1,554 ) (11,695 )
Other interest receivable and similar income 12,813 10,439
Interest payable and similar charges (16,256 ) (25,782 )
PROFIT BEFORE TAXATION 72,994 149,042
Tax on Profit (16,461 ) (19,556 )
PROFIT AFTER TAXATION BEING PROFIT FOR THE FINANCIAL YEAR 56,533 129,486
The notes on pages 7 to 10 form part of these financial statements.
Page 4
Page 5
Balance Sheet
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 669,833 519,919
669,833 519,919
CURRENT ASSETS
Stocks 5 5,000 2,000
Debtors 6 4,847 86,924
Cash at bank and in hand 407,206 308,762
417,053 397,686
Creditors: Amounts Falling Due Within One Year 7 (307,833 ) (324,969 )
NET CURRENT ASSETS (LIABILITIES) 109,220 72,717
TOTAL ASSETS LESS CURRENT LIABILITIES 779,053 592,636
Creditors: Amounts Falling Due After More Than One Year 8 (127,021 ) (164,554 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (34,556 ) (46,869 )
NET ASSETS 617,476 381,213
CAPITAL AND RESERVES
Called up share capital 10 100 100
Revaluation reserve 11 315,000 105,000
Profit and Loss Account 302,376 276,113
SHAREHOLDERS' FUNDS 617,476 381,213
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Page 6
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 in accordance with the provisions applicable to companies subject to the small companies regime.
On behalf of the board
Mr Ben Lawson
Director
07/07/2026
The notes on pages 7 to 10 form part of these financial statements.
Page 6
Page 7
Notes to the Financial Statements
1. General Information
Project Construction SW Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 09898307 . The registered office is Ground Floor Building A, Green Court, Truro Business Park, Threemilestone, Truro, Cornwall, TR4 9LF.
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 rendering of services. Turnover is reduced for estimated customer rebates and other similar allowances.
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:
Freehold Revaluation model
Plant & Machinery 25% reducing balance
Motor Vehicles 25% reducing balance
Fixtures & Fittings 25% reducing balance
Computer Equipment 25% straight line
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: 5 (2024: 5)
5 5
4. Tangible Assets
Land & Property
Freehold Plant & Machinery Motor Vehicles Fixtures & Fittings
£ £ £ £
Cost or Valuation
As at 1 January 2025 240,000 113,206 231,377 2,450
Additions - 1,503 68,000 -
Disposals - (220 ) (94,854 ) -
Revaluation 210,000 - - -
As at 31 December 2025 450,000 114,489 204,523 2,450
Depreciation
As at 1 January 2025 - 41,092 26,823 727
Provided during the period - 18,247 35,269 431
Disposals - (208 ) (18,312 ) -
As at 31 December 2025 - 59,131 43,780 1,158
Net Book Value
As at 31 December 2025 450,000 55,358 160,743 1,292
As at 1 January 2025 240,000 72,114 204,554 1,723
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Computer Equipment Total
£ £
Cost or Valuation
As at 1 January 2025 9,088 596,121
Additions 1,504 71,007
Disposals - (95,074 )
Revaluation - 210,000
As at 31 December 2025 10,592 782,054
Depreciation
As at 1 January 2025 7,560 76,202
Provided during the period 592 54,539
Disposals - (18,520 )
As at 31 December 2025 8,152 112,221
Net Book Value
As at 31 December 2025 2,440 669,833
As at 1 January 2025 1,528 519,919
5. Stocks
2025 2024
£ £
Stock 5,000 2,000
6. Debtors
2025 2024
£ £
Due within one year
Trade debtors - 22,341
Prepayments and accrued income 4,847 -
Other debtors - 64,583
4,847 86,924
7. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Net obligations under finance lease and hire purchase contracts 46,354 42,614
Trade creditors 54,748 73,662
Bank loans and overdrafts 5,580 5,584
Corporation tax 28,774 1,672
Other taxes and social security 5,731 8,037
VAT 17,578 8,204
...CONTINUED
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Page 10
Other creditors 43,086 18,834
Accruals and deferred income 925 123,000
Director's loan account 105,057 43,362
307,833 324,969
8. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Net obligations under finance lease and hire purchase contracts 108,002 139,959
Bank loans 19,019 24,595
127,021 164,554
9. Obligations Under Finance Leases and Hire Purchase
2025 2024
£ £
The future minimum finance lease payments are as follows:
Not later than one year 46,354 42,614
Later than one year and not later than five years 108,002 139,959
154,356 182,573
154,356 182,573
10. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 100 100
11. Reserves
Revaluation reserve Profit and Loss Account
£ £
As at 1 January 2025 105,000 276,113
Profit for year - 56,533
Surplus on revaluation 210,000 -
Other comprehensive income for the year 210,000 -
Total comprehensive income for the year 210,000 56,533
Dividends paid - (30,270)
As at 31 December 2025 315,000 302,376
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