Acorah Software Products - Accounts Production 19.3.600 false true true 30 November 2024 1 December 2023 false 1 December 2024 30 November 2025 30 November 2025 03127298 Mrs Kerry Cavanagh Mr Stephen Cavanagh Mr Richard Churchill Mrs Kerry Cavanagh iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 03127298 2024-11-30 03127298 2025-11-30 03127298 2024-12-01 2025-11-30 03127298 frs-core:CurrentFinancialInstruments 2025-11-30 03127298 frs-core:Non-currentFinancialInstruments 2025-11-30 03127298 frs-core:BetweenOneFiveYears 2025-11-30 03127298 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-12-01 2025-11-30 03127298 frs-core:MotorVehicles 2025-11-30 03127298 frs-core:MotorVehicles 2024-12-01 2025-11-30 03127298 frs-core:MotorVehicles 2024-11-30 03127298 frs-core:PlantMachinery 2025-11-30 03127298 frs-core:PlantMachinery 2024-12-01 2025-11-30 03127298 frs-core:PlantMachinery 2024-11-30 03127298 frs-core:WithinOneYear 2025-11-30 03127298 frs-core:ShareCapital 2025-11-30 03127298 frs-core:RetainedEarningsAccumulatedLosses 2025-11-30 03127298 frs-bus:PrivateLimitedCompanyLtd 2024-12-01 2025-11-30 03127298 frs-bus:FilletedAccounts 2024-12-01 2025-11-30 03127298 frs-bus:SmallEntities 2024-12-01 2025-11-30 03127298 frs-bus:AuditExempt-NoAccountantsReport 2024-12-01 2025-11-30 03127298 frs-bus:SmallCompaniesRegimeForAccounts 2024-12-01 2025-11-30 03127298 frs-bus:Director1 2024-12-01 2025-11-30 03127298 frs-bus:Director2 2024-12-01 2025-11-30 03127298 frs-bus:Director3 2024-12-01 2025-11-30 03127298 frs-bus:CompanySecretary1 2024-12-01 2025-11-30 03127298 frs-countries:EnglandWales 2024-12-01 2025-11-30 03127298 2023-11-30 03127298 2024-11-30 03127298 2023-12-01 2024-11-30 03127298 frs-core:CurrentFinancialInstruments 2024-11-30 03127298 frs-core:Non-currentFinancialInstruments 2024-11-30 03127298 frs-core:BetweenOneFiveYears 2024-11-30 03127298 frs-core:WithinOneYear 2024-11-30 03127298 frs-core:ShareCapital 2024-11-30 03127298 frs-core:RetainedEarningsAccumulatedLosses 2024-11-30
Registered number: 03127298
Plymouth Marine Electronics Limited
Unaudited Financial Statements
For The Year Ended 30 November 2025
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 03127298
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 46,615 24,462
46,615 24,462
CURRENT ASSETS
Stocks 5 78,788 60,033
Debtors 6 64,543 141,932
Cash at bank and in hand 9,148 9,098
152,479 211,063
Creditors: Amounts Falling Due Within One Year 7 (145,223 ) (211,275 )
NET CURRENT ASSETS (LIABILITIES) 7,256 (212 )
TOTAL ASSETS LESS CURRENT LIABILITIES 53,871 24,250
Creditors: Amounts Falling Due After More Than One Year 8 (22,345 ) (9,589 )
NET ASSETS 31,526 14,661
CAPITAL AND RESERVES
Called up share capital 10 100 100
Profit and Loss Account 31,426 14,561
SHAREHOLDERS' FUNDS 31,526 14,661
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For the year ending 30 November 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 Cavanagh
Director
01/09/2026
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
Plymouth Marine Electronics Limited is a private company, limited by shares, incorporated in England & Wales, registered number 03127298 . The registered office is 3 Buckland House, Plymouth, Devon, PL6 5WR.
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. Going Concern Disclosure
The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.
2.3. 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.
2.4. 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:
Leasehold equally during the lease period
Plant & Machinery 25% reducing balance
Motor Vehicles 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 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: 5 (2024: 7)
5 7
4. Tangible Assets
Plant & Machinery Motor Vehicles Total
£ £ £
Cost
As at 1 December 2024 73,319 51,911 125,230
Additions 2,498 35,991 38,489
Disposals (1,415 ) - (1,415 )
As at 30 November 2025 74,402 87,902 162,304
Depreciation
As at 1 December 2024 61,261 39,507 100,768
Provided during the period 3,440 12,100 15,540
Disposals (619 ) - (619 )
As at 30 November 2025 64,082 51,607 115,689
Net Book Value
As at 30 November 2025 10,320 36,295 46,615
As at 1 December 2024 12,058 12,404 24,462
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5. Stocks
2025 2024
£ £
Stock 66,823 53,033
Work in progress 11,965 7,000
78,788 60,033
6. Debtors
2025 2024
£ £
Due within one year
Trade debtors 40,915 117,318
Amounts owed by participating interests 14,975 14,975
Other debtors 8,653 9,639
64,543 141,932
7. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Net obligations under finance lease and hire purchase contracts 7,939 7,102
Trade creditors 74,337 156,584
Bank loans and overdrafts 4,943 9,125
Other creditors 23,793 7,030
Taxation and social security 34,211 31,434
145,223 211,275
8. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Net obligations under finance lease and hire purchase contracts 22,345 4,544
Bank loans - 5,045
22,345 9,589
9. Obligations Under Finance Leases and Hire Purchase
2025 2024
£ £
The future minimum finance lease payments are as follows:
Not later than one year 7,939 7,102
Later than one year and not later than five years 22,345 4,544
30,284 11,646
30,284 11,646
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10. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 100 100
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