Acorah Software Products - Accounts Production 19.2.450 false true 31 July 2024 1 August 2023 false 1 August 2024 31 July 2025 31 July 2025 NI069829 Mrs Eleanor Andrews Mr Andrew Leighfield Mr Andrew Leighfield iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure NI069829 2024-07-31 NI069829 2025-07-31 NI069829 2024-08-01 2025-07-31 NI069829 frs-core:CurrentFinancialInstruments 2025-07-31 NI069829 frs-core:Non-currentFinancialInstruments 2025-07-31 NI069829 frs-core:BetweenOneFiveYears 2025-07-31 NI069829 frs-core:FurnitureFittings 2025-07-31 NI069829 frs-core:FurnitureFittings 2024-08-01 2025-07-31 NI069829 frs-core:FurnitureFittings 2024-07-31 NI069829 frs-core:NetGoodwill 2024-08-01 2025-07-31 NI069829 frs-core:MotorVehicles 2025-07-31 NI069829 frs-core:MotorVehicles 2024-08-01 2025-07-31 NI069829 frs-core:MotorVehicles 2024-07-31 NI069829 frs-core:ShareCapital 2025-07-31 NI069829 frs-core:RetainedEarningsAccumulatedLosses 2025-07-31 NI069829 frs-bus:PrivateLimitedCompanyLtd 2024-08-01 2025-07-31 NI069829 frs-bus:FilletedAccounts 2024-08-01 2025-07-31 NI069829 frs-bus:SmallEntities 2024-08-01 2025-07-31 NI069829 frs-bus:AuditExempt-NoAccountantsReport 2024-08-01 2025-07-31 NI069829 frs-bus:SmallCompaniesRegimeForAccounts 2024-08-01 2025-07-31 NI069829 frs-bus:Director1 2024-08-01 2025-07-31 NI069829 frs-bus:Director2 2024-08-01 2025-07-31 NI069829 frs-bus:CompanySecretary1 2024-08-01 2025-07-31 NI069829 frs-countries:NorthernIreland 2024-08-01 2025-07-31 NI069829 2023-07-31 NI069829 2024-07-31 NI069829 2023-08-01 2024-07-31 NI069829 frs-core:CurrentFinancialInstruments 2024-07-31 NI069829 frs-core:Non-currentFinancialInstruments 2024-07-31 NI069829 frs-core:BetweenOneFiveYears 2024-07-31 NI069829 frs-core:ShareCapital 2024-07-31 NI069829 frs-core:RetainedEarningsAccumulatedLosses 2024-07-31
Registered number: NI069829
AMA Compressed Air Specialists Limited
Unaudited Financial Statements
For The Year Ended 31 July 2025
Allen Fleming CA Limited
Chartered Accountants & Chartered Tax Advisors
161-163 Upper Lisburn Road
Finaghy
Belfast
BT10 0LJ
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: NI069829
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 66,863 78,942
66,863 78,942
CURRENT ASSETS
Stocks 5 147,850 142,275
Debtors 6 273,358 345,202
Cash at bank and in hand 165,701 72,867
586,909 560,344
Creditors: Amounts Falling Due Within One Year 7 (341,245 ) (309,536 )
NET CURRENT ASSETS (LIABILITIES) 245,664 250,808
TOTAL ASSETS LESS CURRENT LIABILITIES 312,527 329,750
Creditors: Amounts Falling Due After More Than One Year 8 (7,325 ) (7,325 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (16,715 ) (19,736 )
NET ASSETS 288,487 302,689
CAPITAL AND RESERVES
Called up share capital 10 500 500
Profit and Loss Account 287,987 302,189
SHAREHOLDERS' FUNDS 288,487 302,689
Page 1
Page 2
For the year ending 31 July 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 Andrew Leighfield
Director
26 July 2026
The notes on pages 3 to 6 form part of these financial statements.
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Page 3
Notes to the Financial Statements
1. General Information
AMA Compressed Air Specialists Limited is a private company, limited by shares, incorporated in Northern Ireland, registered number NI069829 . The registered office is 87-89 Ravenhill Road, Belfast, BT6 8DQ.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
2.2. Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
2.3. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of 10 years.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at cost less depreciation. 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:
Motor Vehicles 25% reducing balance
Fixtures & Fittings 25% reducing balance
2.5. 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.
2.6. 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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2.7. 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.
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: 11 (2024: 12)
11 12
4. Tangible Assets
Motor Vehicles Fixtures & Fittings Total
£ £ £
Cost
As at 1 August 2024 160,559 61,963 222,522
Additions - 8,750 8,750
As at 31 July 2025 160,559 70,713 231,272
Depreciation
As at 1 August 2024 114,522 29,058 143,580
Provided during the period 18,778 2,051 20,829
As at 31 July 2025 133,300 31,109 164,409
...CONTINUED
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Net Book Value
As at 31 July 2025 27,259 39,604 66,863
As at 1 August 2024 46,037 32,905 78,942
5. Stocks
2025 2024
£ £
Stock 147,850 142,275
6. Debtors
2025 2024
£ £
Due within one year
Trade debtors 103,170 174,711
Prepayments and accrued income 17,059 11,433
VAT - 5,929
Amounts owed by other participating interests 153,129 153,129
273,358 345,202
7. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 253,532 210,481
Corporation tax 41,882 36,632
Other taxes and social security 30,830 30,267
VAT 119 -
Other creditors - 20,000
Accruals and deferred income 14,814 11,307
Directors' loan accounts 68 849
341,245 309,536
8. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Net obligations under finance lease and hire purchase contracts 7,325 7,325
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9. Obligations Under Finance Leases and Hire Purchase
2025 2024
£ £
The future minimum finance lease payments are as follows:
Later than one year and not later than five years 7,325 7,325
10. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 500 500
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