Acorah Software Products - Accounts Production 19.3.550 false true 28 February 2025 29 February 2024 false 1 March 2025 28 February 2026 28 February 2026 13205062 Mr James Sharp Mrs Felicity Sharp iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 13205062 2025-02-28 13205062 2026-02-28 13205062 2025-03-01 2026-02-28 13205062 frs-core:CurrentFinancialInstruments 2026-02-28 13205062 frs-core:Non-currentFinancialInstruments 2026-02-28 13205062 frs-core:BetweenOneFiveYears 2026-02-28 13205062 frs-core:ComputerEquipment 2026-02-28 13205062 frs-core:ComputerEquipment 2025-03-01 2026-02-28 13205062 frs-core:ComputerEquipment 2025-02-28 13205062 frs-core:MotorVehicles 2026-02-28 13205062 frs-core:MotorVehicles 2025-03-01 2026-02-28 13205062 frs-core:MotorVehicles 2025-02-28 13205062 frs-core:PlantMachinery 2026-02-28 13205062 frs-core:PlantMachinery 2025-03-01 2026-02-28 13205062 frs-core:PlantMachinery 2025-02-28 13205062 frs-core:WithinOneYear 2026-02-28 13205062 frs-core:ShareCapital 2026-02-28 13205062 frs-core:RetainedEarningsAccumulatedLosses 2026-02-28 13205062 frs-bus:PrivateLimitedCompanyLtd 2025-03-01 2026-02-28 13205062 frs-bus:FilletedAccounts 2025-03-01 2026-02-28 13205062 frs-bus:SmallEntities 2025-03-01 2026-02-28 13205062 frs-bus:AuditExempt-NoAccountantsReport 2025-03-01 2026-02-28 13205062 frs-bus:SmallCompaniesRegimeForAccounts 2025-03-01 2026-02-28 13205062 frs-bus:Director1 2025-03-01 2026-02-28 13205062 frs-bus:CompanySecretary1 2025-03-01 2026-02-28 13205062 frs-countries:EnglandWales 2025-03-01 2026-02-28 13205062 2024-02-28 13205062 2025-02-28 13205062 2024-02-29 2025-02-28 13205062 frs-core:CurrentFinancialInstruments 2025-02-28 13205062 frs-core:Non-currentFinancialInstruments 2025-02-28 13205062 frs-core:BetweenOneFiveYears 2025-02-28 13205062 frs-core:WithinOneYear 2025-02-28 13205062 frs-core:ShareCapital 2025-02-28 13205062 frs-core:RetainedEarningsAccumulatedLosses 2025-02-28
Registered number: 13205062
Northern Steelworks & Fabrication Ltd
Unaudited Financial Statements
For The Year Ended 28 February 2026
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 13205062
2026 2025
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 20,927 14,503
20,927 14,503
CURRENT ASSETS
Stocks 5 7,210 8,084
Debtors 6 11,112 23,132
Cash at bank and in hand 11,653 7,740
29,975 38,956
Creditors: Amounts Falling Due Within One Year 7 (13,882 ) (13,807 )
NET CURRENT ASSETS (LIABILITIES) 16,093 25,149
TOTAL ASSETS LESS CURRENT LIABILITIES 37,020 39,652
Creditors: Amounts Falling Due After More Than One Year 8 - (2,712 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (3,976 ) (2,755 )
NET ASSETS 33,044 34,185
CAPITAL AND RESERVES
Called up share capital 10 2 2
Profit and Loss Account 33,042 34,183
SHAREHOLDERS' FUNDS 33,044 34,185
Page 1
Page 2
For the year ending 28 February 2026 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 James Sharp
Director
17th July 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
Northern Steelworks & Fabrication Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 13205062 . The registered office is 9 Byford Court Crockatt Road, Hadleigh, Ipswich, Suffolk, IP7 6RD.
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 returns, 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:
Plant & Machinery 25% Straight Line
Motor Vehicles 25% Reducing Balance
Computer Equipment 33% 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.
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.
...CONTINUED
Page 3
Page 4
2.6. Taxation - continued
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: 2 (2025: 2)
2 2
4. Tangible Assets
Plant & Machinery Motor Vehicles Computer Equipment Total
£ £ £ £
Cost
As at 1 March 2025 1,000 25,250 2,340 28,590
Additions 10,439 - 441 10,880
As at 28 February 2026 11,439 25,250 2,781 39,470
Depreciation
As at 1 March 2025 792 11,539 1,756 14,087
Provided during the period 644 3,428 384 4,456
As at 28 February 2026 1,436 14,967 2,140 18,543
Net Book Value
As at 28 February 2026 10,003 10,283 641 20,927
As at 1 March 2025 208 13,711 584 14,503
5. Stocks
2026 2025
£ £
Work in progress 7,210 8,084
6. Debtors
2026 2025
£ £
Due within one year
Trade debtors 4,394 -
Other debtors 6,718 23,132
11,112 23,132
Page 4
Page 5
7. Creditors: Amounts Falling Due Within One Year
2026 2025
£ £
Net obligations under finance lease and hire purchase contracts 3,480 4,442
Trade creditors 1,460 2,036
Other creditors 1,284 1,458
Taxation and social security 7,658 5,871
13,882 13,807
8. Creditors: Amounts Falling Due After More Than One Year
2026 2025
£ £
Net obligations under finance lease and hire purchase contracts - 2,712
9. Obligations Under Finance Leases and Hire Purchase
2026 2025
£ £
The future minimum finance lease payments are as follows:
Not later than one year 3,480 4,442
Later than one year and not later than five years - 2,712
3,480 7,154
3,480 7,154
10. Share Capital
2026 2025
£ £
Allotted, Called up and fully paid 2 2
Page 5