Acorah Software Products - Accounts Production 19.4.351 false true 31 March 2025 1 April 2024 false 7 October 2026 1 April 2025 31 March 2026 31 March 2026 01141396 Mr R W Bartlett Miss C A Ellis Mr R A Ellis Mr D Godfrey Mr S Billingham Mrs R Wormald Mr M Ackerman Mr A K Will Mr G A Williams Mr A Wellwood Mr R W Bartlett iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 01141396 2025-03-31 01141396 2026-03-31 01141396 2025-04-01 2026-03-31 01141396 frs-core:CurrentFinancialInstruments 2026-03-31 01141396 frs-core:BetweenOneFiveYears 2026-03-31 01141396 frs-core:ComputerEquipment 2025-04-01 2026-03-31 01141396 frs-core:FurnitureFittings 2026-03-31 01141396 frs-core:FurnitureFittings 2025-04-01 2026-03-31 01141396 frs-core:FurnitureFittings 2025-03-31 01141396 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2026-03-31 01141396 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2025-04-01 2026-03-31 01141396 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2025-03-31 01141396 frs-core:MotorVehicles 2026-03-31 01141396 frs-core:MotorVehicles 2025-04-01 2026-03-31 01141396 frs-core:MotorVehicles 2025-03-31 01141396 frs-core:WithinOneYear 2026-03-31 01141396 frs-core:RevaluationReserve 2025-03-31 01141396 frs-core:RevaluationReserve 2026-03-31 01141396 frs-core:RetainedEarningsAccumulatedLosses 2025-04-01 2026-03-31 01141396 frs-core:RetainedEarningsAccumulatedLosses frs-core:PreviouslyStatedAmount 2025-03-31 01141396 frs-core:RetainedEarningsAccumulatedLosses 2026-03-31 01141396 frs-bus:CompanyLimitedByGuarantee 2025-04-01 2026-03-31 01141396 frs-bus:FilletedAccounts 2025-04-01 2026-03-31 01141396 frs-bus:SmallEntities 2025-04-01 2026-03-31 01141396 frs-bus:Audited 2025-04-01 2026-03-31 01141396 frs-bus:SmallCompaniesRegimeForAccounts 2025-04-01 2026-03-31 01141396 frs-bus:Director1 2025-04-01 2026-03-31 01141396 frs-bus:Director2 2025-04-01 2026-03-31 01141396 frs-bus:Director3 2025-04-01 2026-03-31 01141396 frs-bus:Director4 2025-04-01 2026-03-31 01141396 frs-bus:Director5 2025-04-01 2026-03-31 01141396 frs-bus:Director6 2025-04-01 2026-03-31 01141396 frs-bus:Director7 2025-04-01 2026-03-31 01141396 frs-bus:Director8 2025-04-01 2026-03-31 01141396 frs-bus:Director9 2025-04-01 2026-03-31 01141396 frs-bus:Director10 2025-04-01 2026-03-31 01141396 frs-bus:CompanySecretary1 2025-04-01 2026-03-31 01141396 frs-countries:EnglandWales 2025-04-01 2026-03-31 01141396 2024-03-31 01141396 2025-03-31 01141396 2024-04-01 2025-03-31 01141396 frs-core:CurrentFinancialInstruments 2025-03-31 01141396 frs-core:BetweenOneFiveYears 2025-03-31 01141396 frs-core:WithinOneYear 2025-03-31 01141396 frs-core:RevaluationReserve 2025-03-31 01141396 frs-core:RetainedEarningsAccumulatedLosses 2025-03-31
Registered number: 01141396
British Valve And Actuator Association Limited
Financial Statements
For The Year Ended 31 March 2026
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 01141396
2026 2025
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 427,033 435,386
427,033 435,386
CURRENT ASSETS
Debtors 5 76,455 49,143
Cash at bank and in hand 407,261 289,397
483,716 338,540
Creditors: Amounts Falling Due Within One Year 6 (236,287 ) (152,990 )
NET CURRENT ASSETS (LIABILITIES) 247,429 185,550
TOTAL ASSETS LESS CURRENT LIABILITIES 674,462 620,936
PROVISIONS FOR LIABILITIES
Deferred Taxation (2,078 ) (3,284 )
NET ASSETS 672,384 617,652
RESERVES
Revaluation reserve 8 35,521 35,521
Income and Expenditure Account 636,863 582,131
MEMBERS' FUNDS 672,384 617,652
Page 1
Page 2
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
Mr A K Will
Director
29/09/2026
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
British Valve And Actuator Association Limited is a private company, limited by guarantee, incorporated in England & Wales, registered number 01141396 . The registered office is 1a Noral Way, Banbury, Oxfordshire, OX16 2SB.
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:
Leasehold not depreciated
Motor Vehicles 25% on cost
Fixtures & Fittings 15% reducing balance
Computer Equipment at varying rates on cost
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2.4. 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 16 (2025: 16)
16 16
4. Tangible Assets
Land & Property
Leasehold Motor Vehicles Fixtures & Fittings Total
£ £ £ £
Cost
As at 1 April 2025 400,000 27,841 99,792 527,633
Additions - - 14,920 14,920
As at 31 March 2026 400,000 27,841 114,712 542,553
Depreciation
As at 1 April 2025 - 580 91,667 92,247
Provided during the period - 8,120 15,153 23,273
As at 31 March 2026 - 8,700 106,820 115,520
...CONTINUED
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Net Book Value
As at 31 March 2026 400,000 19,141 7,892 427,033
As at 1 April 2025 400,000 27,261 8,125 435,386
Freehold land is not depreciated. The company has adopted a programme of regular maintenance and repair of its premises and the current building is not expected to suffer from economic or technological obsolescence. The directors expect to be able to sell the premises for more than the cost and have therefore decided to use a depreciation rate of 0%.
Cost or valuation as at 31 March 2026 represented by:
Land & Property
Leasehold Motor Vehicles Fixtures & Fittings Total
£ £ £ £
At cost 400,000 27,841 114,712 542,553
400,000 27,841 114,712 542,553
If Leasehold Property had not been revalued it would have been included at the following historical cost: £364,479.
The company's long leasehold were valued on an open market basis on 6 November 2019 by White Commercial Surveyors, Banbury.
5. Debtors
2026 2025
£ £
Due within one year
Trade debtors 48,123 4,656
Other debtors 28,332 44,487
76,455 49,143
6. Creditors: Amounts Falling Due Within One Year
2026 2025
£ £
Trade creditors 42,761 48,246
Other creditors 162,339 80,304
Taxation and social security 31,187 24,440
236,287 152,990
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Page 6
7. Other Commitments
The total of future minimum lease payments under non-cancellable operating leases are as following:
2026 2025
£ £
Not later than one year 8,185 673
Later than one year and not later than five years 8,690 1,850
16,875 2,523
8. Reserves
Revaluation reserve Income and Expenditure Account
£ £
As at 1 April 2025 35,521 582,131
Profit for the year and total comprehensive income - 54,732
As at 31 March 2026 35,521 636,863
9. 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.
10. 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.
11. Audit Information
The auditor's report on the accounts of British Valve And Actuator Association Limited for the year ended 31 March 2026 was unqualified.
The auditor's report was signed by David Handley (Senior Statutory Auditor) for and on behalf of Handleys Accountants Limited , Statutory Auditor.
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