Acorah Software Products - Accounts Production 19.4.351 false true 31 October 2024 1 November 2023 false 1 November 2024 31 October 2025 31 October 2025 07705222 Mr Simon Mayne Mr Craig Chiverton Mr Carl Shephard iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 07705222 2024-10-31 07705222 2025-10-31 07705222 2024-11-01 2025-10-31 07705222 frs-core:CurrentFinancialInstruments 2025-10-31 07705222 frs-core:Non-currentFinancialInstruments 2025-10-31 07705222 frs-core:BetweenOneFiveYears 2025-10-31 07705222 frs-core:ComputerEquipment 2025-10-31 07705222 frs-core:ComputerEquipment 2024-11-01 2025-10-31 07705222 frs-core:ComputerEquipment 2024-10-31 07705222 frs-core:FurnitureFittings 2025-10-31 07705222 frs-core:FurnitureFittings 2024-11-01 2025-10-31 07705222 frs-core:FurnitureFittings 2024-10-31 07705222 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2025-10-31 07705222 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-11-01 2025-10-31 07705222 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-10-31 07705222 frs-core:MotorVehicles 2025-10-31 07705222 frs-core:MotorVehicles 2024-11-01 2025-10-31 07705222 frs-core:MotorVehicles 2024-10-31 07705222 frs-core:PlantMachinery 2025-10-31 07705222 frs-core:PlantMachinery 2024-11-01 2025-10-31 07705222 frs-core:PlantMachinery 2024-10-31 07705222 frs-core:WithinOneYear 2025-10-31 07705222 frs-core:ShareCapital 2025-10-31 07705222 frs-core:RetainedEarningsAccumulatedLosses 2024-11-01 2025-10-31 07705222 frs-core:RetainedEarningsAccumulatedLosses frs-core:PreviouslyStatedAmount 2024-10-31 07705222 frs-core:RetainedEarningsAccumulatedLosses 2025-10-31 07705222 frs-bus:PrivateLimitedCompanyLtd 2024-11-01 2025-10-31 07705222 frs-bus:FilletedAccounts 2024-11-01 2025-10-31 07705222 frs-bus:SmallEntities 2024-11-01 2025-10-31 07705222 frs-bus:AuditExempt-NoAccountantsReport 2024-11-01 2025-10-31 07705222 frs-bus:SmallCompaniesRegimeForAccounts 2024-11-01 2025-10-31 07705222 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2024-10-31 07705222 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2025-10-31 07705222 frs-bus:Director1 2024-11-01 2025-10-31 07705222 frs-bus:Director1 2024-10-31 07705222 frs-bus:Director1 2025-10-31 07705222 frs-bus:Director2 2024-11-01 2025-10-31 07705222 frs-bus:Director2 2024-10-31 07705222 frs-bus:Director2 2025-10-31 07705222 frs-bus:Director3 2024-11-01 2025-10-31 07705222 frs-bus:Director3 2024-10-31 07705222 frs-bus:Director3 2025-10-31 07705222 frs-countries:EnglandWales 2024-11-01 2025-10-31 07705222 2023-10-31 07705222 2024-10-31 07705222 2023-11-01 2024-10-31 07705222 frs-core:CurrentFinancialInstruments 2024-10-31 07705222 frs-core:Non-currentFinancialInstruments 2024-10-31 07705222 frs-core:BetweenOneFiveYears 2024-10-31 07705222 frs-core:WithinOneYear 2024-10-31 07705222 frs-core:ShareCapital 2024-10-31 07705222 frs-core:RetainedEarningsAccumulatedLosses 2024-10-31 07705222 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2024-10-31
Registered number: 07705222
SDM Fuel Solutions Limited
Unaudited Financial Statements
For The Year Ended 31 October 2025
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—8
Page 1
Balance Sheet
Registered number: 07705222
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 817,430 859,741
Investment Properties 5 2,138,206 2,000,000
2,955,636 2,859,741
CURRENT ASSETS
Stocks 6 86,221 372,300
Debtors 7 2,898,517 2,265,539
Cash at bank and in hand 215,885 263,469
3,200,623 2,901,308
Creditors: Amounts Falling Due Within One Year 8 (1,749,737 ) (2,262,596 )
NET CURRENT ASSETS (LIABILITIES) 1,450,886 638,712
TOTAL ASSETS LESS CURRENT LIABILITIES 4,406,522 3,498,453
Creditors: Amounts Falling Due After More Than One Year 9 (1,797,656 ) (1,506,778 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (474,846 ) (414,357 )
NET ASSETS 2,134,020 1,577,318
CAPITAL AND RESERVES
Called up share capital 12 100 100
Fair value reserve 16 882,651 882,651
Profit and Loss Account 1,251,269 694,567
SHAREHOLDERS' FUNDS 2,134,020 1,577,318
Page 1
Page 2
For the year ending 31 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 Simon Mayne
Director
28 July 2026
The notes on pages 3 to 8 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
SDM Fuel Solutions Limited is a private company, limited by shares, incorporated in England & Wales, registered number 07705222 . The registered office is Wade Park Farm House Salisbury Road, Ower, Romsey, Hampshire, SO51 6AG.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
These financial statements are presented in pound sterling which is the functional currency of the company.
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 10% Reducing Balance
Plant & Machinery 20% Reducing Balance
Motor Vehicles 25% Reducing Balance
Fixtures & Fittings 20% Reducing Balance
Computer Equipment 20% Reducing Balance
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 profit and loss account.
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.
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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.
2.7. Financial Instruments
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially measured at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
2.8. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
2.9. 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.
2.10. 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: 29 (2024: 31)
29 31
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4. Tangible Assets
Land & Property
Leasehold Plant & Machinery Motor Vehicles Fixtures & Fittings
£ £ £ £
Cost or Valuation
As at 1 November 2024 19,667 425,836 834,759 125,900
Additions - 22,820 168,751 878
Disposals - - (33,000 ) -
As at 31 October 2025 19,667 448,656 970,510 126,778
Depreciation
As at 1 November 2024 5,271 175,845 345,124 48,433
Provided during the period 1,440 51,382 162,204 15,594
Disposals - - (23,429 ) -
As at 31 October 2025 6,711 227,227 483,899 64,027
Net Book Value
As at 31 October 2025 12,956 221,429 486,611 62,751
As at 1 November 2024 14,396 249,991 489,635 77,467
Computer Equipment Total
£ £
Cost or Valuation
As at 1 November 2024 44,573 1,450,735
Additions 12,966 205,415
Disposals - (33,000 )
As at 31 October 2025 57,539 1,623,150
Depreciation
As at 1 November 2024 16,321 590,994
Provided during the period 7,535 238,155
Disposals - (23,429 )
As at 31 October 2025 23,856 805,720
Net Book Value
As at 31 October 2025 33,683 817,430
As at 1 November 2024 28,252 859,741
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5. Investment Property
2025
£
Fair Value
As at 1 November 2024 2,000,000
Additions 138,206
As at 31 October 2025 2,138,206
If investment property had been accounted for under historical cost accounting rules, the amounts would be:
2025 2024
£ £
Cost 961,338 823,132
The Directors have valued the property at the balance sheet date as £2,160,421 (2024 - £2,000,000)
6. Stocks
2025 2024
£ £
Stock for resale 86,221 372,300
7. Debtors
2025 2024
£ £
Due within one year
Trade debtors 1,275,094 857,648
Other debtors 1,623,423 1,407,891
2,898,517 2,265,539
8. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Net obligations under finance lease and hire purchase contracts 179,932 151,551
Trade creditors 778,139 940,678
Bank loans and overdrafts 115,051 596,409
Other creditors 135,013 87,282
Taxation and social security 541,602 486,676
1,749,737 2,262,596
9. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Net obligations under finance lease and hire purchase contracts 459,940 501,350
Bank loans 1,337,716 1,005,428
1,797,656 1,506,778
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10. Secured Creditors
Of the creditors the following amounts are secured.
2025 2024
£ £
Net obligations under finance lease and hire purchase contracts 639,872 652,901
Bank loans and overdrafts 1,452,766 1,601,837
11. Obligations Under Finance Leases and Hire Purchase
2025 2024
£ £
The future minimum finance lease payments are as follows:
Not later than one year 179,932 151,551
Later than one year and not later than five years 459,940 501,350
639,872 652,901
639,872 652,901
12. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 100 100
13. Other Commitments
The total of future minimum lease payments under non-cancellable operating leases are as following:
2025 2024
£ £
Not later than one year 80,000 80,000
Later than one year and not later than five years 286,666 366,666
366,666 446,666
14. Pension Commitments
The company operates a defined contribution pension scheme for .... The assets of the scheme are held separately from those of the company in an independently administered fund. At the balance sheet date unpaid contributions of £4,758 (2024 - £4,254) were due to the fund. They are included in Other Creditors.
15. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 November 2024 Amounts advanced Amounts repaid Amounts written off As at 31 October 2025
£ £ £ £ £
Mr Simon Mayne 222,000 211,891 433,891 - -
Mr Craig Chiverton 1,700 3,865 2,100 - 3,465
Mr Carl Shephard 13,525 7,015 9,452 - 11,087
The above loans are unsecured, repayable on demand and subject to 3.75% interest.
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16. Reserves
Fair value reserve Profit and Loss Account
£ £
As at 1 November 2024 882,651 694,567
Profit for the year and total comprehensive income - 556,702
As at 31 October 2025 882,651 1,251,269
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