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 11232675 Mr Lea Dobby Mr Niels De Boer Mr Dirk Smulders iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 11232675 2024-12-31 11232675 2025-12-31 11232675 2025-01-01 2025-12-31 11232675 frs-core:CurrentFinancialInstruments 2025-12-31 11232675 frs-core:FurnitureFittings 2025-12-31 11232675 frs-core:FurnitureFittings 2025-01-01 2025-12-31 11232675 frs-core:FurnitureFittings 2024-12-31 11232675 frs-core:NetGoodwill 2025-12-31 11232675 frs-core:NetGoodwill 2025-01-01 2025-12-31 11232675 frs-core:NetGoodwill 2024-12-31 11232675 frs-core:PlantMachinery 2025-12-31 11232675 frs-core:PlantMachinery 2025-01-01 2025-12-31 11232675 frs-core:PlantMachinery 2024-12-31 11232675 frs-core:ShareCapital 2025-12-31 11232675 frs-core:RetainedEarningsAccumulatedLosses 2025-12-31 11232675 frs-bus:PrivateLimitedCompanyLtd 2025-01-01 2025-12-31 11232675 frs-bus:FilletedAccounts 2025-01-01 2025-12-31 11232675 frs-bus:SmallEntities 2025-01-01 2025-12-31 11232675 frs-bus:AuditExempt-NoAccountantsReport 2025-01-01 2025-12-31 11232675 frs-bus:SmallCompaniesRegimeForAccounts 2025-01-01 2025-12-31 11232675 frs-bus:Director1 2025-01-01 2025-12-31 11232675 frs-bus:Director2 2025-01-01 2025-12-31 11232675 frs-bus:Director3 2025-01-01 2025-12-31 11232675 frs-countries:EnglandWales 2025-01-01 2025-12-31 11232675 2023-12-31 11232675 2024-12-31 11232675 2024-01-01 2024-12-31 11232675 frs-core:CurrentFinancialInstruments 2024-12-31 11232675 frs-core:ShareCapital 2024-12-31 11232675 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31
Registered number: 11232675
Otolift Manufacturing Limited
Unaudited Financial Statements
For The Year Ended 31 December 2025
Smith & Co Accountants Limited
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 11232675
2025 2024
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 34,500 46,000
Tangible Assets 5 1,182 4,412
35,682 50,412
CURRENT ASSETS
Stocks 6 891,005 601,776
Debtors 7 226,785 288,985
Cash at bank and in hand 285,953 104,722
1,403,743 995,483
Creditors: Amounts Falling Due Within One Year 8 (1,268,798 ) (900,843 )
NET CURRENT ASSETS (LIABILITIES) 134,945 94,640
TOTAL ASSETS LESS CURRENT LIABILITIES 170,627 145,052
PROVISIONS FOR LIABILITIES
Deferred Taxation (295 ) (1,103 )
NET ASSETS 170,332 143,949
CAPITAL AND RESERVES
Called up share capital 9 100 100
Profit and Loss Account 170,232 143,849
SHAREHOLDERS' FUNDS 170,332 143,949
Page 1
Page 2
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.
On behalf of the board
Mr Lea Dobby
Director
28/01/2026
The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Otolift Manufacturing Limited is a private company, limited by shares, incorporated in England & Wales, registered number 11232675 . The registered office is Unit 53 Consett Business Park, Villa Real, Consett, DH8 6BN.
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. 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 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% straight line
Fixtures & Fittings 20% straight line
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.
2.6. 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.
Page 3
Page 4
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: 13 (2024: 14)
13 14
4. Intangible Assets
Goodwill
£
Cost
As at 1 January 2025 115,000
As at 31 December 2025 115,000
Amortisation
As at 1 January 2025 69,000
Provided during the period 11,500
As at 31 December 2025 80,500
Net Book Value
As at 31 December 2025 34,500
As at 1 January 2025 46,000
Page 4
Page 5
5. Tangible Assets
Plant & Machinery Fixtures & Fittings Total
£ £ £
Cost
As at 1 January 2025 104,815 8,618 113,433
As at 31 December 2025 104,815 8,618 113,433
Depreciation
As at 1 January 2025 100,904 8,117 109,021
Provided during the period 2,844 386 3,230
As at 31 December 2025 103,748 8,503 112,251
Net Book Value
As at 31 December 2025 1,067 115 1,182
As at 1 January 2025 3,911 501 4,412
6. Stocks
2025 2024
£ £
Stock 891,005 601,776
7. Debtors
2025 2024
£ £
Due within one year
Trade debtors - 170,921
Prepayments and accrued income 13,574 14,492
Other debtors 100 100
VAT 213,111 103,472
226,785 288,985
8. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 422,358 145,099
Corporation tax 14,147 7,224
Other taxes and social security 4,633 7,575
Other creditors 847 1,828
Accruals and deferred income 4,055 3,280
Amounts owed to group undertakings 822,758 735,837
1,268,798 900,843
Page 5
Page 6
9. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 100 100
Page 6