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 06448718 Mr J R Barr Mr R C Barr Mrs G K Barr Mrs G K Barr iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 06448718 2025-01-31 06448718 2026-01-31 06448718 2025-02-01 2026-01-31 06448718 frs-core:CurrentFinancialInstruments 2026-01-31 06448718 frs-core:Non-currentFinancialInstruments 2026-01-31 06448718 frs-core:ComputerEquipment 2026-01-31 06448718 frs-core:ComputerEquipment 2025-02-01 2026-01-31 06448718 frs-core:ComputerEquipment 2025-01-31 06448718 frs-core:FurnitureFittings 2026-01-31 06448718 frs-core:FurnitureFittings 2025-02-01 2026-01-31 06448718 frs-core:FurnitureFittings 2025-01-31 06448718 frs-core:NetGoodwill 2026-01-31 06448718 frs-core:NetGoodwill 2025-02-01 2026-01-31 06448718 frs-core:NetGoodwill 2025-01-31 06448718 frs-core:MotorVehicles 2026-01-31 06448718 frs-core:MotorVehicles 2025-02-01 2026-01-31 06448718 frs-core:MotorVehicles 2025-01-31 06448718 frs-core:PlantMachinery 2026-01-31 06448718 frs-core:PlantMachinery 2025-02-01 2026-01-31 06448718 frs-core:PlantMachinery 2025-01-31 06448718 frs-core:ShareCapital 2026-01-31 06448718 frs-core:RetainedEarningsAccumulatedLosses 2026-01-31 06448718 frs-bus:PrivateLimitedCompanyLtd 2025-02-01 2026-01-31 06448718 frs-bus:FilletedAccounts 2025-02-01 2026-01-31 06448718 frs-bus:SmallEntities 2025-02-01 2026-01-31 06448718 frs-bus:AuditExempt-NoAccountantsReport 2025-02-01 2026-01-31 06448718 frs-bus:SmallCompaniesRegimeForAccounts 2025-02-01 2026-01-31 06448718 frs-bus:Director1 2025-02-01 2026-01-31 06448718 frs-bus:Director2 2025-02-01 2026-01-31 06448718 frs-bus:Director3 2025-02-01 2026-01-31 06448718 frs-bus:CompanySecretary1 2025-02-01 2026-01-31 06448718 frs-countries:EnglandWales 2025-02-01 2026-01-31 06448718 2024-01-31 06448718 2025-01-31 06448718 2024-02-01 2025-01-31 06448718 frs-core:CurrentFinancialInstruments 2025-01-31 06448718 frs-core:Non-currentFinancialInstruments 2025-01-31 06448718 frs-core:ShareCapital 2025-01-31 06448718 frs-core:RetainedEarningsAccumulatedLosses 2025-01-31
Registered number: 06448718
Coastal Nets Limited
Unaudited Financial Statements
For The Year Ended 31 January 2026
Scott Vevers Ltd
65 East Street
Bridport
Dorset
DT6 3LB
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 06448718
2026 2025
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 5 24,236 30,762
24,236 30,762
CURRENT ASSETS
Stocks 6 59,250 57,750
Debtors 7 75,368 123,179
Cash at bank and in hand 273,049 163,593
407,667 344,522
Creditors: Amounts Falling Due Within One Year 8 (122,873 ) (125,786 )
NET CURRENT ASSETS (LIABILITIES) 284,794 218,736
TOTAL ASSETS LESS CURRENT LIABILITIES 309,030 249,498
Creditors: Amounts Falling Due After More Than One Year 9 (2,083 ) (7,083 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (6,059 ) (5,845 )
NET ASSETS 300,888 236,570
CAPITAL AND RESERVES
Called up share capital 10 100 100
Profit and Loss Account 300,788 236,470
SHAREHOLDERS' FUNDS 300,888 236,570
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 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 J R Barr
Director
29/10/2026
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
Coastal Nets Limited is a private company, limited by shares, incorporated in England & Wales, registered number 06448718 . The registered office is Edwards Building, North Mills, Bridport, Dorset, DT6 3BE.
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 the profit and loss account over its estimated economic life of .... 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 25% Reducing balance
Motor Vehicles 25% Reducing balance
Fixtures & Fittings 25% Reducing balance
Boat 25% Reducing balance
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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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: 15 (2025: 16)
15 16
4. Intangible Assets
Goodwill
£
Cost
As at 1 February 2025 67,250
As at 31 January 2026 67,250
Amortisation
As at 1 February 2025 67,250
As at 31 January 2026 67,250
Net Book Value
As at 31 January 2026 -
As at 1 February 2025 -
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5. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Boat Total
£ £ £ £ £
Cost
As at 1 February 2025 146,762 28,572 12,316 40,995 228,645
Additions 1,554 - - - 1,554
As at 31 January 2026 148,316 28,572 12,316 40,995 230,199
Depreciation
As at 1 February 2025 123,795 25,370 8,697 40,021 197,883
Provided during the period 6,130 801 905 244 8,080
As at 31 January 2026 129,925 26,171 9,602 40,265 205,963
Net Book Value
As at 31 January 2026 18,391 2,401 2,714 730 24,236
As at 1 February 2025 22,967 3,202 3,619 974 30,762
6. Stocks
2026 2025
£ £
Finished goods 59,250 57,750
7. Debtors
2026 2025
£ £
Due within one year
Trade debtors 63,599 109,466
Other debtors 11,769 13,713
75,368 123,179
8. Creditors: Amounts Falling Due Within One Year
2026 2025
£ £
Trade creditors 53,424 93,774
Other creditors 9,905 9,970
Taxation and social security 59,544 22,042
122,873 125,786
9. Creditors: Amounts Falling Due After More Than One Year
2026 2025
£ £
Bank loans 2,083 7,083
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Page 6
10. Share Capital
2026 2025
£ £
Allotted, Called up and fully paid 100 100
Page 6