Acorah Software Products - Accounts Production 19.4.300 false true 31 December 2024 1 January 2024 false 1 January 2025 31 December 2025 31 December 2025 09321754 Mr O Swanson Mr E Swanson Mr T Swanson Mr T Swanson iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 09321754 2024-12-31 09321754 2025-12-31 09321754 2025-01-01 2025-12-31 09321754 frs-core:CurrentFinancialInstruments 2025-12-31 09321754 frs-core:Non-currentFinancialInstruments 2025-12-31 09321754 frs-core:BetweenOneFiveYears 2025-12-31 09321754 frs-core:NetGoodwill 2025-12-31 09321754 frs-core:NetGoodwill 2025-01-01 2025-12-31 09321754 frs-core:NetGoodwill 2024-12-31 09321754 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2025-12-31 09321754 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2025-01-01 2025-12-31 09321754 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-12-31 09321754 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2025-12-31 09321754 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2025-01-01 2025-12-31 09321754 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-12-31 09321754 frs-core:MotorVehicles 2025-12-31 09321754 frs-core:MotorVehicles 2025-01-01 2025-12-31 09321754 frs-core:MotorVehicles 2024-12-31 09321754 frs-core:PlantMachinery 2025-12-31 09321754 frs-core:PlantMachinery 2025-01-01 2025-12-31 09321754 frs-core:PlantMachinery 2024-12-31 09321754 frs-core:WithinOneYear 2025-12-31 09321754 frs-core:CapitalRedemptionReserve 2025-12-31 09321754 frs-core:ShareCapital 2025-12-31 09321754 frs-core:RetainedEarningsAccumulatedLosses 2025-12-31 09321754 frs-bus:PrivateLimitedCompanyLtd 2025-01-01 2025-12-31 09321754 frs-bus:FilletedAccounts 2025-01-01 2025-12-31 09321754 frs-bus:SmallEntities 2025-01-01 2025-12-31 09321754 frs-bus:AuditExempt-NoAccountantsReport 2025-01-01 2025-12-31 09321754 frs-bus:SmallCompaniesRegimeForAccounts 2025-01-01 2025-12-31 09321754 frs-bus:Director1 2025-01-01 2025-12-31 09321754 frs-bus:Director2 2025-01-01 2025-12-31 09321754 frs-bus:Director2 2024-12-31 09321754 frs-bus:Director2 2025-12-31 09321754 frs-bus:Director3 2025-01-01 2025-12-31 09321754 frs-bus:Director4 2025-01-01 2025-12-31 09321754 frs-countries:EnglandWales 2025-01-01 2025-12-31 09321754 2023-12-31 09321754 2024-12-31 09321754 2024-01-01 2024-12-31 09321754 frs-core:CurrentFinancialInstruments 2024-12-31 09321754 frs-core:Non-currentFinancialInstruments 2024-12-31 09321754 frs-core:BetweenOneFiveYears 2024-12-31 09321754 frs-core:WithinOneYear 2024-12-31 09321754 frs-core:CapitalRedemptionReserve 2024-12-31 09321754 frs-core:ShareCapital 2024-12-31 09321754 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31
Registered number: 09321754
Swanmac Ltd
Unaudited Financial Statements
For The Year Ended 31 December 2025
Norsta Group Ltd
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 09321754
2025 2024
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 24,283 28,983
Tangible Assets 5 2,281,800 2,017,204
2,306,083 2,046,187
CURRENT ASSETS
Stocks 1,108,044 570,618
Debtors 6 1,676,861 1,531,316
Cash at bank and in hand 2,335,530 1,581,543
5,120,435 3,683,477
Creditors: Amounts Falling Due Within One Year 7 (1,847,133 ) (1,060,774 )
NET CURRENT ASSETS (LIABILITIES) 3,273,302 2,622,703
TOTAL ASSETS LESS CURRENT LIABILITIES 5,579,385 4,668,890
Creditors: Amounts Falling Due After More Than One Year 8 (220,628 ) (328,902 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (85,411 ) (260,826 )
NET ASSETS 5,273,346 4,079,162
CAPITAL AND RESERVES
Called up share capital 451,211 451,400
Capital redemption reserve 200 -
Profit and Loss Account 4,821,935 3,627,762
SHAREHOLDERS' FUNDS 5,273,346 4,079,162
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For the year ending 31 December 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.
The financial statements were approved by the board of directors on 27 August 2026 and were signed on its behalf by:
Mr O Swanson
Director
27 August 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
Swanmac Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 09321754 . The registered office is Unit 2 Viaduct Road, Gwaelod-Y-Garth Industrial Estate, Cardiff, CF15 9JN.
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, excluding discounts, rebates, value added tax and other sales taxes.
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 ten years.
2.4. 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 N/A
Leasehold 20% on cost
Plant & Machinery 20% on cost
Motor Vehicles 25% on 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.
2.7. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
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2.8. 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
The average number of employees during the year was  30 (2024: 26)
30 26
4. Intangible Assets
Goodwill
£
Cost
As at 1 January 2025 91,000
As at 31 December 2025 91,000
Amortisation
As at 1 January 2025 62,017
Provided during the period 4,700
As at 31 December 2025 66,717
Net Book Value
As at 31 December 2025 24,283
As at 1 January 2025 28,983
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5. Tangible Assets
Land & Property
Freehold Leasehold Plant & Machinery Motor Vehicles Total
£ £ £ £ £
Cost
As at 1 January 2025 1,597,448 22,230 342,519 493,078 2,455,275
Additions 327,589 - 91,755 165,750 585,094
Disposals (25,722 ) - - (200,688 ) (226,410 )
As at 31 December 2025 1,899,315 22,230 434,274 458,140 2,813,959
Depreciation
As at 1 January 2025 - 22,230 195,277 220,564 438,071
Provided during the period - - 55,014 66,176 121,190
Disposals - - - (27,102 ) (27,102 )
As at 31 December 2025 - 22,230 250,291 259,638 532,159
Net Book Value
As at 31 December 2025 1,899,315 - 183,983 198,502 2,281,800
As at 1 January 2025 1,597,448 - 147,242 272,514 2,017,204
6. Debtors
2025 2024
£ £
Due within one year
Trade debtors 1,340,305 1,395,799
Amounts owed by group undertakings 1 -
Other debtors 336,555 135,517
1,676,861 1,531,316
7. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Net obligations under finance lease and hire purchase contracts 104,679 132,353
Trade creditors 195,364 247,305
Other creditors 792,274 475,016
Taxation and social security 754,816 206,100
1,847,133 1,060,774
8. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Net obligations under finance lease and hire purchase contracts 220,628 328,902
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9. Obligations Under Finance Leases and Hire Purchase
2025 2024
£ £
The future minimum finance lease payments are as follows:
Not later than one year 104,679 132,353
Later than one year and not later than five years 220,628 328,902
325,307 461,255
325,307 461,255
10. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 January 2025 Amounts advanced Amounts repaid Amounts written off As at 31 December 2025
£ £ £ £ £
Mr Edward Swanson - 38,785 - - 38,785
The above loan is unsecured and was repaid in full on 23rd March 2026
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