Acorah Software Products - Accounts Production 19.3.600 false true 31 December 2024 1 January 2024 false 15 May 2026 1 January 2025 31 December 2025 31 December 2025 00823988 J F Glover M P Kingsbury S N Cole G J Wood D J Farquharson A L Wright T D Pyke C J Curr D W Scholes J M Starkey D J Meakin N Thomason C J Hamlett iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 00823988 2024-12-31 00823988 2025-12-31 00823988 2025-01-01 2025-12-31 00823988 frs-core:CurrentFinancialInstruments 2025-12-31 00823988 frs-core:BetweenOneFiveYears 2025-12-31 00823988 frs-core:ComputerEquipment 2025-12-31 00823988 frs-core:ComputerEquipment 2025-01-01 2025-12-31 00823988 frs-core:ComputerEquipment 2024-12-31 00823988 frs-core:FurnitureFittings 2025-12-31 00823988 frs-core:FurnitureFittings 2025-01-01 2025-12-31 00823988 frs-core:FurnitureFittings 2024-12-31 00823988 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2025-12-31 00823988 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2025-01-01 2025-12-31 00823988 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-12-31 00823988 frs-core:WithinOneYear 2025-12-31 00823988 frs-core:RevaluationReserve 2025-01-01 2025-12-31 00823988 frs-core:RevaluationReserve 2024-12-31 00823988 frs-core:RevaluationReserve 2025-12-31 00823988 frs-core:RetainedEarningsAccumulatedLosses 2025-01-01 2025-12-31 00823988 frs-core:RetainedEarningsAccumulatedLosses frs-core:PreviouslyStatedAmount 2024-12-31 00823988 frs-core:RetainedEarningsAccumulatedLosses 2025-12-31 00823988 frs-bus:CompanyLimitedByGuarantee 2025-01-01 2025-12-31 00823988 frs-bus:FilletedAccounts 2025-01-01 2025-12-31 00823988 frs-bus:SmallEntities 2025-01-01 2025-12-31 00823988 frs-bus:Audited 2025-01-01 2025-12-31 00823988 frs-bus:SmallCompaniesRegimeForAccounts 2025-01-01 2025-12-31 00823988 frs-bus:Director1 2025-01-01 2025-12-31 00823988 frs-bus:Director2 2025-01-01 2025-12-31 00823988 frs-bus:Director3 2025-01-01 2025-12-31 00823988 frs-bus:Director4 2025-01-01 2025-12-31 00823988 frs-bus:Director5 2025-01-01 2025-12-31 00823988 frs-bus:Director6 2025-01-01 2025-12-31 00823988 frs-bus:Director7 2025-01-01 2025-12-31 00823988 frs-bus:Director8 2025-01-01 2025-12-31 00823988 frs-bus:Director9 2025-01-01 2025-12-31 00823988 frs-bus:Director10 2025-01-01 2025-12-31 00823988 frs-bus:Director11 2025-01-01 2025-12-31 00823988 frs-bus:Director12 2025-01-01 2025-12-31 00823988 frs-bus:Director13 2025-01-01 2025-12-31 00823988 frs-countries:EnglandWales 2025-01-01 2025-12-31 00823988 2023-12-31 00823988 2024-12-31 00823988 2024-01-01 2024-12-31 00823988 frs-core:CurrentFinancialInstruments 2024-12-31 00823988 frs-core:BetweenOneFiveYears 2024-12-31 00823988 frs-core:MoreThanFiveYears 2024-12-31 00823988 frs-core:WithinOneYear 2024-12-31 00823988 frs-core:RevaluationReserve 2024-12-31 00823988 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31
Registered number: 00823988
British Fluid Power Association Limited
Financial Statements
For The Year Ended 31 December 2025
Contents
Page
Company Information 1
Balance Sheet 2—3
Notes to the Financial Statements 4—8
Page 1
Company Information
Directors J F Glover
M P Kingsbury
S N Cole
G J Wood
D J Farquharson
A L Wright
T D Pyke
C J Curr
D W Scholes
J M Starkey
D J Meakin
N Thomason
C J Hamlett
Company Number 00823988
Registered Office Cheriton House
Cromwell Park
Chipping Norton
Oxfordshire
OX7 5SR
Accountants Handleys Chartered Accountants
10 Manor Park
Banbury
Oxfordshire
OX16 3TB
The senior statutory auditor is David Handley FCA.
Page 1
Page 2
Balance Sheet
Registered number: 00823988
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 169,294 171,358
169,294 171,358
CURRENT ASSETS
Stocks 5 4,941 8,382
Debtors 6 83,018 59,854
Cash at bank and in hand 713,730 682,186
801,689 750,422
Creditors: Amounts Falling Due Within One Year 7 (74,470 ) (121,725 )
NET CURRENT ASSETS (LIABILITIES) 727,219 628,697
TOTAL ASSETS LESS CURRENT LIABILITIES 896,513 800,055
NET ASSETS 896,513 800,055
RESERVES
Revaluation reserve 9 50,777 55,377
Income and Expenditure Account 845,736 744,678
MEMBERS' FUNDS 896,513 800,055
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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 Income and Expenditure Account.
On behalf of the board
D J Farquharson
Director
14/05/2026
The notes on pages 4 to 8 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
British Fluid Power Association Limited is a private company, limited by guarantee, incorporated in England & Wales, registered number 00823988 . The registered office is Cheriton House, Cromwell Park, Chipping Norton, Oxfordshire, OX7 5SR.
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 recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of value added tax and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates. For sales of goods, the turnover is shown net of distribution and carriage charges.
Revenue from sale of goods is recognised when significant risks and rewards of ownership have been transferred to the buyer, when the amount of revenue can be measured reliably, when it is probable that the economic benefits associated with the transaction will flow to the entity and when the costs incurred or to be incurred in respect of the transaction can be measured reliably.
Revenue from sale of services is recognised when the stage of completion of the transaction can be measured 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:
Freehold 2% on cost
Fixtures & Fittings 20% on cost
Computer Equipment 20% on cost
2.4. 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.
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2.5. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable surplus for the year. Taxable surplus differs from surplus 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 surplus. 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 surplus 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 surplus 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 surplus or deficit 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.
2.6. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the Income and Expenditure Account as they become payable in accordance with the rules of the scheme.
2.7. Expenditure on training
Costs associated with the development of training courses and the production of training materials are recognised as an expense when incurred.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 5 (2024: 5)
5 5
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4. Tangible Assets
Land & Property
Freehold Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 January 2025 230,000 85,513 51,172 366,685
Additions - - 6,518 6,518
As at 31 December 2025 230,000 85,513 57,690 373,203
Depreciation
As at 1 January 2025 64,400 85,513 45,414 195,327
Provided during the period 4,600 - 3,982 8,582
As at 31 December 2025 69,000 85,513 49,396 203,909
Net Book Value
As at 31 December 2025 161,000 - 8,294 169,294
As at 1 January 2025 165,600 - 5,758 171,358
The company's long leasehold at Cheriton House, Cromwell Park, Chipping Norton was revalued on 31 December 2011 from a net book value of £111,023 to a value of £230,000.
5. Stocks
2025 2024
£ £
Stock 4,941 8,382
6. Debtors
2025 2024
£ £
Due within one year
Trade debtors 64,869 45,473
Other debtors 18,149 14,381
83,018 59,854
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7. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 13,251 14,856
Other creditors 21,521 63,156
Taxation and social security 39,698 43,713
74,470 121,725
8. Other Commitments
The total of future minimum lease payments under non-cancellable operating leases are as following:
2025 2024
£ £
Not later than one year 23,550 14,053
Later than one year and not later than five years 46,522 27,623
Later than five years - 330
70,072 42,006
9. Reserves
Revaluation reserve Income and Expenditure Account
£ £
As at 1 January 2025 55,377 744,678
Profit for the year and total comprehensive income - 96,457
Transfer from revaluation reserve - 4,601
Transfer to/from Income & Expenditure Account (4,600 ) -
As at 31 December 2025 50,777 845,736
10. Company limited by guarantee
The company is limited by guarantee and has no share capital.
Every member of the company undertakes to contribute to the assets of the company, in the event of a winding up, such an amount as may be required not exceeding £1.
11. FRC's Ethical Standard - Provision Available for Small Entities
In common with other businesses of our size and nature we use our auditors to prepare and submit returns to the tax authorities and assist with the preparation of the financial statements.
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12. Audit Information
The auditor's report on the accounts of British Fluid Power Association Limited for the year ended 31 December 2025 was unqualified.
The auditor's report was signed by Mr David Handley (Senior Statutory Auditor) for and on behalf of Handleys Accountants Limited , Statutory Auditor.
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