Acorah Software Products - Accounts Production 19.4.351 false true 30 April 2025 1 May 2024 false 1 May 2025 30 April 2026 30 April 2026 15201947 Mr Michael Doe Mr Mark Bevan Mr Luke Francis iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 15201947 2025-04-30 15201947 2026-04-30 15201947 2025-05-01 2026-04-30 15201947 frs-core:CurrentFinancialInstruments 2026-04-30 15201947 frs-core:Non-currentFinancialInstruments 2026-04-30 15201947 frs-core:BetweenOneFiveYears 2026-04-30 15201947 frs-core:NetGoodwill 2026-04-30 15201947 frs-core:NetGoodwill 2025-05-01 2026-04-30 15201947 frs-core:NetGoodwill 2025-04-30 15201947 frs-core:MotorVehicles 2026-04-30 15201947 frs-core:MotorVehicles 2025-05-01 2026-04-30 15201947 frs-core:MotorVehicles 2025-04-30 15201947 frs-core:PlantMachinery 2026-04-30 15201947 frs-core:PlantMachinery 2025-05-01 2026-04-30 15201947 frs-core:PlantMachinery 2025-04-30 15201947 frs-core:WithinOneYear 2026-04-30 15201947 frs-core:ShareCapital 2026-04-30 15201947 frs-core:RetainedEarningsAccumulatedLosses 2026-04-30 15201947 frs-bus:PrivateLimitedCompanyLtd 2025-05-01 2026-04-30 15201947 frs-bus:FilletedAccounts 2025-05-01 2026-04-30 15201947 frs-bus:SmallEntities 2025-05-01 2026-04-30 15201947 frs-bus:AuditExempt-NoAccountantsReport 2025-05-01 2026-04-30 15201947 frs-bus:SmallCompaniesRegimeForAccounts 2025-05-01 2026-04-30 15201947 frs-bus:Director1 2025-05-01 2026-04-30 15201947 frs-bus:Director2 2025-05-01 2026-04-30 15201947 frs-bus:Director3 2025-05-01 2026-04-30 15201947 frs-countries:EnglandWales 2025-05-01 2026-04-30 15201947 2024-04-30 15201947 2025-04-30 15201947 2024-05-01 2025-04-30 15201947 frs-core:CurrentFinancialInstruments 2025-04-30 15201947 frs-core:Non-currentFinancialInstruments 2025-04-30 15201947 frs-core:BetweenOneFiveYears 2025-04-30 15201947 frs-core:MotorVehicles 2024-05-01 2025-04-30 15201947 frs-core:WithinOneYear 2025-04-30 15201947 frs-core:ShareCapital 2025-04-30 15201947 frs-core:RetainedEarningsAccumulatedLosses 2025-04-30
Registered number: 15201947
SWP Compressed Air Services Ltd
Unaudited Financial Statements
For The Year Ended 30 April 2026
Johnston Wood Roach Ltd
Contents
Page
Company Information 1
Balance Sheet 2—3
Notes to the Financial Statements 4—7
Page 1
Company Information
Directors Mr Michael Doe
Mr Mark Bevan
Mr Luke Francis
Company Number 15201947
Registered Office 24 Picton House Hussar Court
Waterlooville
Hampshire
PO7 7SQ
Accountants Johnston Wood Roach Ltd
24 Picton House Hussar Court
Westside View
Waterlooville
Hampshire
PO7 7SQ
Page 1
Page 2
Balance Sheet
Registered number: 15201947
2026 2025
as restated
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 33,333 43,333
Tangible Assets 5 208,938 148,892
242,271 192,225
CURRENT ASSETS
Stocks 6 10,000 25,000
Debtors 7 20 52,027
Cash at bank and in hand 462 -
10,482 77,027
Creditors: Amounts Falling Due Within One Year 8 (61,538 ) (61,865 )
NET CURRENT ASSETS (LIABILITIES) (51,056 ) 15,162
TOTAL ASSETS LESS CURRENT LIABILITIES 191,215 207,387
Creditors: Amounts Falling Due After More Than One Year 9 (137,998 ) (108,454 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (52,235 ) (37,223 )
NET ASSETS 982 61,710
CAPITAL AND RESERVES
Called up share capital 11 100 100
Profit and Loss Account 882 61,610
SHAREHOLDERS' FUNDS 982 61,710
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For the year ending 30 April 2026 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 Luke Francis
Director
14 October 2026
The notes on pages 4 to 7 form part of these financial statements.
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Page 4
Notes to the Financial Statements
1. General Information
SWP Compressed Air Services Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 15201947 . The registered office is 24 Picton House Hussar Court, Waterlooville, Hampshire, PO7 7SQ.
The presentation currency of the financial statements is the Pound Sterling (£).
Accounts are rounded to the nearest pound.
The accounts represent the company as an individual entity.
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.
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 5 years.
2.4. Tangible Fixed Assets and Depreciation
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful
life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant & Machinery 15% 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 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.
2.8. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2025: NIL)
- -
4. Intangible Assets
Goodwill
£
Cost
As at 1 May 2025 50,000
As at 30 April 2026 50,000
Amortisation
As at 1 May 2025 6,667
Provided during the period 10,000
As at 30 April 2026 16,667
Net Book Value
As at 30 April 2026 33,333
As at 1 May 2025 43,333
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5. Tangible Assets
Plant & Machinery Motor Vehicles Total
£ £ £
Cost
As at 1 May 2025 6,123 179,306 185,429
Additions 7,267 99,033 106,300
As at 30 April 2026 13,390 278,339 291,729
Depreciation
As at 1 May 2025 1,114 35,423 36,537
Provided during the period 996 45,258 46,254
As at 30 April 2026 2,110 80,681 82,791
Net Book Value
As at 30 April 2026 11,280 197,658 208,938
As at 1 May 2025 5,009 143,883 148,892
Included above are assets held under finance leases or hire purchase contracts with a net book value as follows:
2026 2025
as restated
£ £
Motor Vehicles 188,158 127,216
6. Stocks
2026 2025
as restated
£ £
Stock 10,000 25,000
7. Debtors
2026 2025
as restated
£ £
Due within one year
Other debtors 20 52,027
8. Creditors: Amounts Falling Due Within One Year
2026 2025
as restated
£ £
Net obligations under finance lease and hire purchase contracts 56,272 39,065
Trade creditors (1 ) (1 )
Other creditors 24,724 1,250
Taxation and social security (19,457 ) 21,551
61,538 61,865
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9. Creditors: Amounts Falling Due After More Than One Year
2026 2025
as restated
£ £
Net obligations under finance lease and hire purchase contracts 137,998 108,454
10. Obligations Under Finance Leases and Hire Purchase
2026 2025
as restated
£ £
The future minimum finance lease payments are as follows:
Not later than one year 56,272 39,065
Later than one year and not later than five years 137,998 108,454
194,270 147,519
194,270 147,519
11. Share Capital
2026 2025
as restated
£ £
Allotted, Called up and fully paid 100 100
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