Acorah Software Products - Accounts Production 19.4.351 false true 30 October 2024 31 October 2023 false 31 October 2024 30 October 2025 30 October 2025 07421424 Mr A Weaver Mr P Whittall iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 07421424 2024-10-30 07421424 2025-10-30 07421424 2024-10-31 2025-10-30 07421424 frs-core:CurrentFinancialInstruments 2025-10-30 07421424 frs-core:Non-currentFinancialInstruments 2025-10-30 07421424 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2024-10-31 2025-10-30 07421424 frs-core:FurnitureFittings 2025-10-30 07421424 frs-core:FurnitureFittings 2024-10-31 2025-10-30 07421424 frs-core:FurnitureFittings 2024-10-30 07421424 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2025-10-30 07421424 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-10-31 2025-10-30 07421424 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-10-30 07421424 frs-core:MotorVehicles 2025-10-30 07421424 frs-core:MotorVehicles 2024-10-31 2025-10-30 07421424 frs-core:MotorVehicles 2024-10-30 07421424 frs-core:OtherResidualIntangibleAssets 2025-10-30 07421424 frs-core:OtherResidualIntangibleAssets 2024-10-31 2025-10-30 07421424 frs-core:OtherResidualIntangibleAssets 2024-10-30 07421424 frs-core:PlantMachinery 2025-10-30 07421424 frs-core:PlantMachinery 2024-10-31 2025-10-30 07421424 frs-core:PlantMachinery 2024-10-30 07421424 frs-core:SharePremium 2025-10-30 07421424 frs-core:ShareCapital 2025-10-30 07421424 frs-core:RetainedEarningsAccumulatedLosses 2025-10-30 07421424 frs-bus:PrivateLimitedCompanyLtd 2024-10-31 2025-10-30 07421424 frs-bus:FilletedAccounts 2024-10-31 2025-10-30 07421424 frs-bus:SmallEntities 2024-10-31 2025-10-30 07421424 frs-bus:AuditExempt-NoAccountantsReport 2024-10-31 2025-10-30 07421424 frs-bus:SmallCompaniesRegimeForAccounts 2024-10-31 2025-10-30 07421424 frs-core:CostValuation 2024-10-30 07421424 frs-core:CostValuation 2025-10-30 07421424 frs-core:ProvisionsForImpairmentInvestments 2024-10-30 07421424 frs-core:ProvisionsForImpairmentInvestments 2025-10-30 07421424 frs-bus:Director1 2024-10-31 2025-10-30 07421424 frs-bus:Director2 2024-10-31 2025-10-30 07421424 frs-countries:EnglandWales 2024-10-31 2025-10-30 07421424 2023-10-30 07421424 2024-10-30 07421424 2023-10-31 2024-10-30 07421424 frs-core:CurrentFinancialInstruments 2024-10-30 07421424 frs-core:Non-currentFinancialInstruments 2024-10-30 07421424 frs-core:SharePremium 2024-10-30 07421424 frs-core:ShareCapital 2024-10-30 07421424 frs-core:RetainedEarningsAccumulatedLosses 2024-10-30
Registered number: 07421424
Steelseal Ltd
Unaudited Financial Statements
For The Year Ended 30 October 2025
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—7
Page 1
Balance Sheet
Registered number: 07421424
2025 2024
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 150,790 154,050
Tangible Assets 5 202,196 1,117,076
Investments 6 450,000 450,000
802,986 1,721,126
CURRENT ASSETS
Stocks 7 302,783 574,218
Debtors 8 3,756,494 2,510,177
Cash at bank and in hand 321,892 46,615
4,381,169 3,131,010
Creditors: Amounts Falling Due Within One Year 9 (2,015,417 ) (1,621,034 )
NET CURRENT ASSETS (LIABILITIES) 2,365,752 1,509,976
TOTAL ASSETS LESS CURRENT LIABILITIES 3,168,738 3,231,102
Creditors: Amounts Falling Due After More Than One Year 10 (896,049 ) (1,203,576 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (200,549 ) (226,717 )
NET ASSETS 2,072,140 1,800,809
CAPITAL AND RESERVES
Called up share capital 12 136 136
Share premium account 607,102 607,102
Profit and Loss Account 1,464,902 1,193,571
SHAREHOLDERS' FUNDS 2,072,140 1,800,809
Page 1
Page 2
For the year ending 30 October 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 A Weaver
Director
23 October 2026
The notes on pages 3 to 7 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Steelseal Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 07421424 . The registered office is Automotive Brands Building Old Concrete Works, Bretforton Road, Weston Subedge, Evesham, Worcestershire, WR11 7QA.
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 - Other Intangible
Other intangible assets are Licence and Trademark. It is amortised to the profit and loss account over its estimated economic life of 6 and 20 years respectively.
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:
Freehold 25% RBM
Plant & Machinery 25% RBM
Motor Vehicles 33% RBM
Fixtures & Fittings 25% RBM
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: 22 (2024: 24)
22 24
4. Intangible Assets
Other
£
Cost
As at 31 October 2024 192,427
As at 30 October 2025 192,427
Amortisation
As at 31 October 2024 38,377
Provided during the period 8,135
Disposals (4,875 )
As at 30 October 2025 41,637
Net Book Value
As at 30 October 2025 150,790
As at 31 October 2024 154,050
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Page 5
5. Tangible Assets
Land & Property
Freehold Plant & Machinery Motor Vehicles Fixtures & Fittings Total
£ £ £ £ £
Cost
As at 31 October 2024 603,026 853,016 1,301,845 80,520 2,838,407
Additions 40,974 14,611 42,612 4,687 102,884
Disposals (614,537 ) (840,232 ) (932,604 ) (57,324 ) (2,444,697 )
As at 30 October 2025 29,463 27,395 411,853 27,883 496,594
Depreciation
As at 31 October 2024 288,650 684,659 677,131 70,891 1,721,331
Provided during the period 47,661 46,180 253,172 3,571 350,584
Disposals (335,625 ) (712,212 ) (675,175 ) (54,505 ) (1,777,517 )
As at 30 October 2025 686 18,627 255,128 19,957 294,398
Net Book Value
As at 30 October 2025 28,777 8,768 156,725 7,926 202,196
As at 31 October 2024 314,376 168,357 624,714 9,629 1,117,076
6. Investments
Other
£
Cost or Valuation
As at 31 October 2024 450,000
As at 30 October 2025 450,000
Provision
As at 31 October 2024 -
As at 30 October 2025 -
Net Book Value
As at 30 October 2025 450,000
As at 31 October 2024 450,000
7. Stocks
2025 2024
£ £
Finished goods 302,783 574,218
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8. Debtors
2025 2024
£ £
Due within one year
Trade debtors 853,077 781,964
Amounts owed by group undertakings 1,411,004 1,234,131
Other debtors 1,492,413 494,082
3,756,494 2,510,177
9. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Net obligations under finance lease and hire purchase contracts 53,967 115,044
Trade creditors 651,689 463,524
Bank loans and overdrafts 477,099 522,101
Other creditors 660,719 283,396
Taxation and social security 171,943 236,969
2,015,417 1,621,034
10. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Net obligations under finance lease and hire purchase contracts 46,757 279,649
Bank loans 36,430 111,065
Other loans 712,862 712,862
Other creditors 100,000 100,000
896,049 1,203,576
11. Secured Creditors
Of the debts the following amounts are secured debt.
HSBC UK Bank PLC registered fixed and floating charges over all business assets with the registrar on 8 July 2019.
BCRS Cief Limited registered fixed charges over business assets with the registrar on the 3 January 2023.
Meif WM Debt LP Limited registered fixed charges over business assets with the registrar on the 20 August 2021. 
12. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 136 136
13. Related Party Transactions
Included within debtors there are amounts totalling £1,911,311 (2024 : £1,234,131) owed to the company from company's under common control.
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14. Exceptional Items
Significant event
During the year, the Company suffered a significant fire which resulted in damage to vehicles, plant and equipment and other business assets.
The Company has recognised insurance proceeds in respect of the losses incurred. Insurance receipts relating to business interruption have been recognised within operating profit, whilst receipts relating to damaged fixed assets have been accounted for in accordance with the Company's accounting policies. The Company continues to replace damaged assets and restore its operations.
15.
Lease Commitments
At the balance sheet date, the Company had commitments under a non-cancellable property lease of £175,000 payable within one year.
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