Acorah Software Products - Accounts Production 19.4.351 false true 31 January 2025 1 February 2024 false 1 February 2025 31 January 2026 31 January 2026 03567576 Mr Neil Edwards iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 03567576 2025-01-31 03567576 2026-01-31 03567576 2025-02-01 2026-01-31 03567576 frs-core:CurrentFinancialInstruments 2026-01-31 03567576 frs-core:Non-currentFinancialInstruments 2026-01-31 03567576 frs-core:FurnitureFittings 2026-01-31 03567576 frs-core:FurnitureFittings 2025-02-01 2026-01-31 03567576 frs-core:FurnitureFittings 2025-01-31 03567576 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2026-01-31 03567576 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2025-02-01 2026-01-31 03567576 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2025-01-31 03567576 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2026-01-31 03567576 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2025-02-01 2026-01-31 03567576 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2025-01-31 03567576 frs-core:MotorVehicles 2025-02-01 2026-01-31 03567576 frs-core:PlantMachinery 2026-01-31 03567576 frs-core:PlantMachinery 2025-02-01 2026-01-31 03567576 frs-core:PlantMachinery 2025-01-31 03567576 frs-core:CapitalRedemptionReserve 2025-01-31 03567576 frs-core:CapitalRedemptionReserve 2026-01-31 03567576 frs-core:RevaluationReserve 2025-01-31 03567576 frs-core:RevaluationReserve 2026-01-31 03567576 frs-core:ShareCapital 2026-01-31 03567576 frs-core:RetainedEarningsAccumulatedLosses 2025-02-01 2026-01-31 03567576 frs-core:RetainedEarningsAccumulatedLosses frs-core:PreviouslyStatedAmount 2025-01-31 03567576 frs-core:RetainedEarningsAccumulatedLosses 2026-01-31 03567576 frs-bus:PrivateLimitedCompanyLtd 2025-02-01 2026-01-31 03567576 frs-bus:FilletedAccounts 2025-02-01 2026-01-31 03567576 frs-bus:SmallEntities 2025-02-01 2026-01-31 03567576 frs-bus:AuditExempt-NoAccountantsReport 2025-02-01 2026-01-31 03567576 frs-bus:SmallCompaniesRegimeForAccounts 2025-02-01 2026-01-31 03567576 frs-core:CostValuation 2025-01-31 03567576 frs-core:CostValuation 2026-01-31 03567576 frs-core:ProvisionsForImpairmentInvestments 2025-01-31 03567576 frs-core:ProvisionsForImpairmentInvestments 2026-01-31 03567576 frs-bus:Director1 2025-02-01 2026-01-31 03567576 frs-core:CurrentFinancialInstruments 1 2026-01-31 03567576 frs-countries:EnglandWales 2025-02-01 2026-01-31 03567576 2024-01-31 03567576 2025-01-31 03567576 2024-02-01 2025-01-31 03567576 frs-core:CurrentFinancialInstruments 2025-01-31 03567576 frs-core:Non-currentFinancialInstruments 2025-01-31 03567576 frs-core:CapitalRedemptionReserve 2025-01-31 03567576 frs-core:RevaluationReserve 2025-01-31 03567576 frs-core:ShareCapital 2025-01-31 03567576 frs-core:RetainedEarningsAccumulatedLosses 2025-01-31 03567576 frs-core:CurrentFinancialInstruments 1 2025-01-31
Registered number: 03567576
Edwards Homes Ltd
Unaudited Financial Statements
For The Year Ended 31 January 2026
Contents
Page
Statement of Financial Position 1—2
Notes to the Financial Statements 3—6
Page 1
Statement of Financial Position
Registered number: 03567576
2026 2025
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 649,996 731,055
Investment Properties 5 325,000 325,000
Investments 6 311 311
975,307 1,056,366
CURRENT ASSETS
Stocks 7 3,803,084 1,725,573
Debtors 8 5,674,315 6,095,102
Cash at bank and in hand 498,227 1,888,231
9,975,626 9,708,906
Creditors: Amounts Falling Due Within One Year 9 (2,723,226 ) (2,785,695 )
NET CURRENT ASSETS (LIABILITIES) 7,252,400 6,923,211
TOTAL ASSETS LESS CURRENT LIABILITIES 8,227,707 7,979,577
Creditors: Amounts Falling Due After More Than One Year 10 (176,557 ) (15,017 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (40,918 ) (55,976 )
NET ASSETS 8,010,232 7,908,584
CAPITAL AND RESERVES
Called up share capital 11 2 2
Revaluation reserve 12 30,607 30,607
Capital redemption reserve 238,478 238,478
Income Statement 7,741,145 7,639,497
SHAREHOLDERS' FUNDS 8,010,232 7,908,584
Page 1
Page 2
For the year ending 31 January 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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 Income Statement.
On behalf of the board
Mr Neil Edwards
Director
16/10/2026
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
Edwards Homes Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 03567576 . The registered office is Edwards House Lakeside Business Village, St Davids Park, Ewloe, Flintshire, CH5 3XA.
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 houses and from the rendering of services.
Sale of goods
Turnover from the sale of houses 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 legal completion of the house sale.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract based on suitable qualified quantity surveyor assessments. 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:
Freehold 2% Straight Line
Leasehold 2% Straight Line
Plant & Machinery 20% Straight Line
Motor Vehicles 20% Straight Line
Fixtures & Fittings 20% Straight Line
2.4. Investment Properties
All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the income statement.
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.
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Page 4
2.6. 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: 8 (2025: 8)
8 8
4. Tangible Assets
Land & Property
Freehold Leasehold Plant & Machinery Fixtures & Fittings Total
£ £ £ £ £
Cost
As at 1 February 2025 126,051 400,000 712,770 41,531 1,280,352
Additions - - 3,056 3,762 6,818
Disposals - - (54,000 ) - (54,000 )
As at 31 January 2026 126,051 400,000 661,826 45,293 1,233,170
Depreciation
As at 1 February 2025 21,205 8,000 492,998 27,094 549,297
Provided during the period 2,521 8,000 30,835 8,121 49,477
Disposals - - (15,600 ) - (15,600 )
As at 31 January 2026 23,726 16,000 508,233 35,215 583,174
Net Book Value
As at 31 January 2026 102,325 384,000 153,593 10,078 649,996
As at 1 February 2025 104,846 392,000 219,772 14,437 731,055
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Page 5
5. Investment Property
2026
£
Fair Value
As at 1 February 2025 and 31 January 2026 325,000
6. Investments
Subsidiaries
£
Cost or Valuation
As at 1 February 2025 311
As at 31 January 2026 311
Provision
As at 1 February 2025 -
As at 31 January 2026 -
Net Book Value
As at 31 January 2026 311
As at 1 February 2025 311
7. Stocks
2026 2025
£ £
Stock 208,084 207,957
Work in progress 3,595,000 1,517,616
3,803,084 1,725,573
8. Debtors
2026 2025
£ £
Due within one year
Prepayments and accrued income 117 -
Other debtors 5,000 5,500
VAT 117,836 90,901
Amounts owed by group undertakings 1,661 -
Amounts owed by joint-ventures 613,000 1,062,000
737,614 1,158,401
Due after more than one year
Amounts owed by group undertakings 2,446,205 2,446,205
Amounts owed by joint-ventures 2,490,496 2,490,496
4,936,701 4,936,701
5,674,315 6,095,102
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9. Creditors: Amounts Falling Due Within One Year
2026 2025
£ £
Trade creditors 1,520,955 1,101,870
Bank loans and overdrafts 37,032 261,964
Corporation tax (30,638 ) 50,193
Other taxes and social security 10,726 6,026
Other creditors 18,596 5,436
Retentions 255,423 84,858
Accruals and deferred income 9,333 47,781
Director's loan account 901,799 1,227,567
2,723,226 2,785,695
10. Creditors: Amounts Falling Due After More Than One Year
2026 2025
£ £
Bank loans 176,557 15,017
11. Share Capital
2026 2025
£ £
Allotted, Called up and fully paid 2 2
12. Reserves
Revaluation reserve Capital Redemption Income Statement
£ £ £
As at 1 February 2025 30,607 238,478 7,639,497
Profit for the year and total comprehensive income - - 101,648
As at 31 January 2026 30,607 238,478 7,741,145
Page 6