Acorah Software Products - Accounts Production 19.2.450 false true 27 February 2024 1 March 2023 false 28 February 2024 26 February 2025 26 February 2025 06812387 Mr Paul Smith Mrs Jennifer Smith Mr Paul Smith iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 06812387 2024-02-27 06812387 2025-02-26 06812387 2024-02-28 2025-02-26 06812387 frs-core:CurrentFinancialInstruments 2025-02-26 06812387 frs-core:Non-currentFinancialInstruments 2025-02-26 06812387 frs-core:BetweenOneFiveYears 2025-02-26 06812387 frs-core:FurnitureFittings 2025-02-26 06812387 frs-core:FurnitureFittings 2024-02-28 2025-02-26 06812387 frs-core:FurnitureFittings 2024-02-27 06812387 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2025-02-26 06812387 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-02-28 2025-02-26 06812387 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-02-27 06812387 frs-core:MotorVehicles 2025-02-26 06812387 frs-core:MotorVehicles 2024-02-28 2025-02-26 06812387 frs-core:MotorVehicles 2024-02-27 06812387 frs-core:PlantMachinery 2025-02-26 06812387 frs-core:PlantMachinery 2024-02-28 2025-02-26 06812387 frs-core:PlantMachinery 2024-02-27 06812387 frs-core:WithinOneYear 2025-02-26 06812387 frs-core:ShareCapital 2025-02-26 06812387 frs-core:RetainedEarningsAccumulatedLosses 2024-02-28 2025-02-26 06812387 frs-core:RetainedEarningsAccumulatedLosses frs-core:PreviouslyStatedAmount 2024-02-27 06812387 frs-core:RetainedEarningsAccumulatedLosses 2025-02-26 06812387 frs-bus:PrivateLimitedCompanyLtd 2024-02-28 2025-02-26 06812387 frs-bus:FilletedAccounts 2024-02-28 2025-02-26 06812387 frs-bus:SmallEntities 2024-02-28 2025-02-26 06812387 frs-bus:AuditExempt-NoAccountantsReport 2024-02-28 2025-02-26 06812387 frs-bus:SmallCompaniesRegimeForAccounts 2024-02-28 2025-02-26 06812387 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2024-02-27 06812387 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2025-02-26 06812387 frs-bus:Director1 2024-02-28 2025-02-26 06812387 frs-bus:Director2 2024-02-28 2025-02-26 06812387 frs-bus:CompanySecretary1 2024-02-28 2025-02-26 06812387 frs-countries:EnglandWales 2024-02-28 2025-02-26 06812387 2023-02-28 06812387 2024-02-27 06812387 2023-03-01 2024-02-27 06812387 frs-core:CurrentFinancialInstruments 2024-02-27 06812387 frs-core:Non-currentFinancialInstruments 2024-02-27 06812387 frs-core:BetweenOneFiveYears 2024-02-27 06812387 frs-core:MotorVehicles 2023-03-01 2024-02-27 06812387 frs-core:PlantMachinery 2023-03-01 2024-02-27 06812387 frs-core:WithinOneYear 2024-02-27 06812387 frs-core:ShareCapital 2024-02-27 06812387 frs-core:RetainedEarningsAccumulatedLosses 2024-02-27
Registered number: 06812387
Build Plumb Plastics Ltd
Unaudited Financial Statements
For The Year Ended 26 February 2025
Accountants247 Limited
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 06812387
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 111,734 135,112
111,734 135,112
CURRENT ASSETS
Stocks 5 162,733 298,668
Debtors 6 132,365 527,647
Cash at bank and in hand 55,582 394,962
350,680 1,221,277
Creditors: Amounts Falling Due Within One Year 7 (229,424 ) (710,076 )
NET CURRENT ASSETS (LIABILITIES) 121,256 511,201
TOTAL ASSETS LESS CURRENT LIABILITIES 232,990 646,313
Creditors: Amounts Falling Due After More Than One Year 8 (80,964 ) (121,704 )
PROVISIONS FOR LIABILITIES
Deferred Taxation 10 (15,960 ) (20,376 )
NET ASSETS 136,066 504,233
CAPITAL AND RESERVES
Called up share capital 11 1,000 1,000
Profit and Loss Account 135,066 503,233
SHAREHOLDERS' FUNDS 136,066 504,233
Page 1
Page 2
For the year ending 26 February 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 Paul Smith
Director
21/07/2026
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
Build Plumb Plastics Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 06812387 . The registered office is Unit 10 Harwich Industrial Estate, Europa Way, Harwich, England, CO12 4PT.
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:
Freehold 15% Reducing Balance
Plant & Machinery 15% Reducing Balance
Motor Vehicles 18% Reducing Balance
Fixtures & Fittings 15% 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.
Page 3
Page 4
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: 6 (2024: 7)
6 7
4. Tangible Assets
Land & Property
Freehold Plant & Machinery Motor Vehicles Fixtures & Fittings Total
£ £ £ £ £
Cost
As at 28 February 2024 26,203 24,638 179,970 28,880 259,691
As at 26 February 2025 26,203 24,638 179,970 28,880 259,691
Depreciation
As at 28 February 2024 21,972 12,803 76,291 13,513 124,579
Provided during the period 635 1,775 18,662 2,306 23,378
As at 26 February 2025 22,607 14,578 94,953 15,819 147,957
Net Book Value
As at 26 February 2025 3,596 10,060 85,017 13,061 111,734
As at 28 February 2024 4,231 11,835 103,679 15,367 135,112
Page 4
Page 5
Included above are assets held under finance leases or hire purchase contracts with a net book value as follows: 
2025 2024
£ £
Plant & Machinery - 11,265
Motor Vehicles - 72,579
- 83,844
5. Stocks
2025 2024
£ £
Stock 162,733 298,668
6. Debtors
2025 2024
£ £
Due within one year
Trade debtors 12,935 15,037
Other debtors 119,430 512,610
132,365 527,647
7. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Net obligations under finance lease and hire purchase contracts 28,327 27,686
Trade creditors 127,917 564,632
Bank loans and overdrafts 63,012 90,682
Other creditors 2,878 12,691
Taxation and social security 7,290 14,385
229,424 710,076
8. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Net obligations under finance lease and hire purchase contracts 23,608 51,935
Bank loans - 69,769
Other loans 57,356 -
80,964 121,704
Page 5
Page 6
9. Obligations Under Finance Leases and Hire Purchase
2025 2024
£ £
The future minimum finance lease payments are as follows:
Not later than one year 28,327 27,686
Later than one year and not later than five years 23,608 51,935
51,935 79,621
51,935 79,621
10. Deferred Taxation
The provision for deferred tax is made up as follows:
2025 2024
£ £
Other timing differences 15,960 20,376
11. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 1,000 1,000
12. Reserves
Fair value reserve Profit and Loss Account
£ £
As at 28 February 2024 - 503,233
Loss for the year and total comprehensive income - (188,167 )
Dividends paid - (180,000)
As at 26 February 2025 - 135,066
Page 6