Acorah Software Products - Accounts Production 19.3.550 false true 31 July 2024 1 August 2023 false 1 August 2024 31 July 2025 31 July 2025 06658352 Mr Stephen Watkins Mr Joshua Watkins Mr Samuel Watkins iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 06658352 2024-07-31 06658352 2025-07-31 06658352 2024-08-01 2025-07-31 06658352 frs-core:CurrentFinancialInstruments 2025-07-31 06658352 frs-core:Non-currentFinancialInstruments 2025-07-31 06658352 frs-core:BetweenOneFiveYears 2025-07-31 06658352 frs-core:ComputerEquipment 2025-07-31 06658352 frs-core:ComputerEquipment 2024-08-01 2025-07-31 06658352 frs-core:ComputerEquipment 2024-07-31 06658352 frs-core:FurnitureFittings 2025-07-31 06658352 frs-core:FurnitureFittings 2024-08-01 2025-07-31 06658352 frs-core:FurnitureFittings 2024-07-31 06658352 frs-core:MotorVehicles 2025-07-31 06658352 frs-core:MotorVehicles 2024-08-01 2025-07-31 06658352 frs-core:MotorVehicles 2024-07-31 06658352 frs-core:PlantMachinery 2025-07-31 06658352 frs-core:PlantMachinery 2024-08-01 2025-07-31 06658352 frs-core:PlantMachinery 2024-07-31 06658352 frs-core:ShareCapital 2025-07-31 06658352 frs-core:RetainedEarningsAccumulatedLosses 2025-07-31 06658352 frs-bus:PrivateLimitedCompanyLtd 2024-08-01 2025-07-31 06658352 frs-bus:FilletedAccounts 2024-08-01 2025-07-31 06658352 frs-bus:SmallEntities 2024-08-01 2025-07-31 06658352 frs-bus:AuditExempt-NoAccountantsReport 2024-08-01 2025-07-31 06658352 frs-bus:SmallCompaniesRegimeForAccounts 2024-08-01 2025-07-31 06658352 frs-core:CostValuation 2024-07-31 06658352 frs-core:CostValuation 2025-07-31 06658352 frs-core:ProvisionsForImpairmentInvestments 2024-07-31 06658352 frs-core:ProvisionsForImpairmentInvestments 2025-07-31 06658352 frs-bus:Director1 2024-08-01 2025-07-31 06658352 frs-bus:Director2 2024-08-01 2025-07-31 06658352 frs-bus:Director3 2024-08-01 2025-07-31 06658352 frs-countries:EnglandWales 2024-08-01 2025-07-31 06658352 2023-07-31 06658352 2024-07-31 06658352 2023-08-01 2024-07-31 06658352 frs-core:CurrentFinancialInstruments 2024-07-31 06658352 frs-core:Non-currentFinancialInstruments 2024-07-31 06658352 frs-core:BetweenOneFiveYears 2024-07-31 06658352 frs-core:PlantMachinery 2023-08-01 2024-07-31 06658352 frs-core:ShareCapital 2024-07-31 06658352 frs-core:RetainedEarningsAccumulatedLosses 2024-07-31
Registered number: 06658352
Heronstone Engineering Limited
Unaudited Financial Statements
For The Year Ended 31 July 2025
Linghams Chartered Accountants
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 06658352
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 814,469 934,556
Investments 5 170,000 170,000
984,469 1,104,556
CURRENT ASSETS
Stocks 6 88,650 87,000
Debtors 7 386,446 424,252
Cash at bank and in hand 92,295 174,958
567,391 686,210
Creditors: Amounts Falling Due Within One Year 8 (211,438 ) (217,662 )
NET CURRENT ASSETS (LIABILITIES) 355,953 468,548
TOTAL ASSETS LESS CURRENT LIABILITIES 1,340,422 1,573,104
Creditors: Amounts Falling Due After More Than One Year 9 (476,883 ) (561,741 )
NET ASSETS 863,539 1,011,363
CAPITAL AND RESERVES
Called up share capital 11 1,200 1,200
Profit and Loss Account 862,339 1,010,163
SHAREHOLDERS' FUNDS 863,539 1,011,363
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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 Stephen Watkins
Director
31/07/2026
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
Heronstone Engineering Limited is a private company, limited by shares, incorporated in England & Wales, registered number 06658352 . The registered office is Unit 5 Ynyscedwyn Industrial Estate, Ystradgynlais, Swansea, West Glamorgan, SA9 1DT.
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 20% reducing balance
Motor Vehicles 25% reducing balance
Fixtures & Fittings 20% reducing balance
Computer Equipment 20% 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: 25 (2024: 29)
25 29
4. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 August 2024 1,813,784 12,142 30,184 35,800 1,891,910
Additions 167,190 - - 142 167,332
Disposals (223,200 ) - - - (223,200 )
As at 31 July 2025 1,757,774 12,142 30,184 35,942 1,836,042
Depreciation
As at 1 August 2024 919,292 11,444 4,364 22,254 957,354
Provided during the period 184,111 174 5,164 2,738 192,187
Disposals (127,968 ) - - - (127,968 )
As at 31 July 2025 975,435 11,618 9,528 24,992 1,021,573
Net Book Value
As at 31 July 2025 782,339 524 20,656 10,950 814,469
As at 1 August 2024 894,492 698 25,820 13,546 934,556
Included above are assets held under finance leases or hire purchase contracts with a net book value as follows:
2025 2024
£ £
Plant & Machinery 577,056 658,578
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5. Investments
Associates
£
Cost
As at 1 August 2024 170,000
As at 31 July 2025 170,000
Provision
As at 1 August 2024 -
As at 31 July 2025 -
Net Book Value
As at 31 July 2025 170,000
As at 1 August 2024 170,000
6. Stocks
2025 2024
£ £
Materials 29,250 25,000
Finished goods 31,900 39,500
Work in progress 27,500 22,500
88,650 87,000
7. Debtors
2025 2024
£ £
Due within one year
Trade debtors 221,294 224,260
Amounts owed by participating interests 158,966 193,966
Other debtors 6,186 6,026
386,446 424,252
8. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 81,903 106,505
Other creditors 7,210 6,128
Taxation and social security 122,325 105,029
211,438 217,662
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9. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Net obligations under finance lease and hire purchase contracts 383,768 451,730
Bank loans 93,115 110,011
476,883 561,741
10. 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 383,768 451,730
11. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 1,200 1,200
12. Dividends
2025 2024
£ £
On equity shares:
Final dividend paid 246,635 204,112
13. Related Party Transactions
Heronstone Engineering acquired 50% of the share capital of Heronstone Lodges Limited for £ 170,000 from the former director, Mrs CEM Watkins, who resigned on 18th September 2020.
The director, Mr SJ Watkins, holds the remaining 50% of the share capital of Heronstone Lodges. 
At the year end, Heronstone Engineering Limited was owed £ 158,966 by Heronstone Lodges Limited (FY 2024 £ 193,966).
The director, Mr SJ Watkins is the 100% shareholder of Orchid Villas Limited.
At the year end, Heronstone Engineering Limited was owed £ 6,026 by Orchid Villas Limited (FY 2024 £ 6,026).
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