Acorah Software Products - Accounts Production 19.3.550 false true 28 February 2025 1 March 2024 false 1 March 2025 28 February 2026 28 February 2026 13224791 Mr Samuel O'Connor Mr Xavier Kissane iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 13224791 2025-02-28 13224791 2026-02-28 13224791 2025-03-01 2026-02-28 13224791 frs-core:CurrentFinancialInstruments 2026-02-28 13224791 frs-core:Non-currentFinancialInstruments 2026-02-28 13224791 frs-core:BetweenOneFiveYears 2026-02-28 13224791 frs-core:ComputerEquipment 2026-02-28 13224791 frs-core:ComputerEquipment 2025-03-01 2026-02-28 13224791 frs-core:ComputerEquipment 2025-02-28 13224791 frs-core:FurnitureFittings 2026-02-28 13224791 frs-core:FurnitureFittings 2025-03-01 2026-02-28 13224791 frs-core:FurnitureFittings 2025-02-28 13224791 frs-core:MotorVehicles 2026-02-28 13224791 frs-core:MotorVehicles 2025-03-01 2026-02-28 13224791 frs-core:MotorVehicles 2025-02-28 13224791 frs-core:PlantMachinery 2026-02-28 13224791 frs-core:PlantMachinery 2025-03-01 2026-02-28 13224791 frs-core:PlantMachinery 2025-02-28 13224791 frs-core:WithinOneYear 2026-02-28 13224791 frs-core:CapitalRedemptionReserve 2026-02-28 13224791 frs-core:ShareCapital 2026-02-28 13224791 frs-core:RetainedEarningsAccumulatedLosses 2026-02-28 13224791 frs-bus:PrivateLimitedCompanyLtd 2025-03-01 2026-02-28 13224791 frs-bus:FilletedAccounts 2025-03-01 2026-02-28 13224791 frs-bus:SmallEntities 2025-03-01 2026-02-28 13224791 frs-bus:AuditExempt-NoAccountantsReport 2025-03-01 2026-02-28 13224791 frs-bus:SmallCompaniesRegimeForAccounts 2025-03-01 2026-02-28 13224791 frs-bus:Director1 2025-03-01 2026-02-28 13224791 frs-bus:Director2 2025-03-01 2026-02-28 13224791 frs-countries:EnglandWales 2025-03-01 2026-02-28 13224791 2024-02-29 13224791 2025-02-28 13224791 2024-03-01 2025-02-28 13224791 frs-core:CurrentFinancialInstruments 2025-02-28 13224791 frs-core:Non-currentFinancialInstruments 2025-02-28 13224791 frs-core:BetweenOneFiveYears 2025-02-28 13224791 frs-core:MotorVehicles 2024-03-01 2025-02-28 13224791 frs-core:WithinOneYear 2025-02-28 13224791 frs-core:CapitalRedemptionReserve 2025-02-28 13224791 frs-core:ShareCapital 2025-02-28 13224791 frs-core:RetainedEarningsAccumulatedLosses 2025-02-28
Registered number: 13224791
Thefloorsmith Ltd
Unaudited Financial Statements
For The Year Ended 28 February 2026
Chippendale and Clark
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 13224791
2026 2025
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 146,933 84,847
146,933 84,847
CURRENT ASSETS
Stocks 5 19,500 10,320
Debtors 6 159,842 90,991
Cash at bank and in hand 96,505 110,344
275,847 211,655
Creditors: Amounts Falling Due Within One Year 7 (232,515 ) (161,800 )
NET CURRENT ASSETS (LIABILITIES) 43,332 49,855
TOTAL ASSETS LESS CURRENT LIABILITIES 190,265 134,702
Creditors: Amounts Falling Due After More Than One Year 8 (102,739 ) (81,793 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (26,351 ) (20,744 )
NET ASSETS 61,175 32,165
CAPITAL AND RESERVES
Called up share capital 10 80 80
Capital redemption reserve 40 40
Profit and Loss Account 61,055 32,045
SHAREHOLDERS' FUNDS 61,175 32,165
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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 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 Samuel O'Connor
Director
24/07/2026
The notes on pages 3 to 6 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Thefloorsmith Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 13224791 . The registered office is Unit 5 Commerce Close, West Wilts Trading Estate, Westbury, Wiltshire, BA13 4FZ.
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 5 Year Straight Line
Motor Vehicles 25% Reducing Balance
Fixtures & Fittings 25% Reducing Balance
Computer Equipment 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: 11 (2025: 12)
11 12
4. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 March 2025 18,188 120,327 8,890 4,902 152,307
Additions 7,787 83,951 4,955 3,718 100,411
As at 28 February 2026 25,975 204,278 13,845 8,620 252,718
Depreciation
As at 1 March 2025 9,408 52,293 3,327 2,432 67,460
Provided during the period 4,927 29,221 2,630 1,547 38,325
As at 28 February 2026 14,335 81,514 5,957 3,979 105,785
Net Book Value
As at 28 February 2026 11,640 122,764 7,888 4,641 146,933
As at 1 March 2025 8,780 68,034 5,563 2,470 84,847
Included above are assets held under finance leases or hire purchase contracts with a net book value as follows:
2026 2025
£ £
Motor Vehicles 71,739 -
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5. Stocks
2026 2025
£ £
Materials 19,500 10,320
6. Debtors
2026 2025
£ £
Due within one year
Trade debtors 136,695 44,490
Prepayments and accrued income 1,003 12,337
Other debtors 11 500
Net wages 142 89
137,851 57,416
Due after more than one year
Amounts recoverable on contracts 16,951 8,937
Other debtors 5,040 5,040
Amounts owed by group undertakings - 19,598
21,991 33,575
159,842 90,991
7. Creditors: Amounts Falling Due Within One Year
2026 2025
£ £
Net obligations under finance lease and hire purchase contracts 16,741 -
Trade creditors 94,346 65,361
Bank loans and overdrafts 50,770 46,136
Other loans from directors - 4,244
Corporation tax 30,933 27,357
Other taxes and social security 8,614 6,722
VAT 22,107 10,924
Other creditors 1,252 1,056
Amounts owed to group undertakings 7,752 -
232,515 161,800
8. Creditors: Amounts Falling Due After More Than One Year
2026 2025
£ £
Net obligations under finance lease and hire purchase contracts 57,113 -
Other L/T loans from directors 13,000 33,000
Directors' loan account 32,626 48,793
102,739 81,793
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9. Obligations Under Finance Leases and Hire Purchase
2026 2025
£ £
The future minimum finance lease payments are as follows:
Not later than one year 16,741 -
Later than one year and not later than five years 57,113 -
73,854 -
73,854 -
10. Share Capital
2026 2025
£ £
Allotted, Called up and fully paid 80 80
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