Acorah Software Products - Accounts Production 16.6.920 false true 30 September 2024 1 October 2023 false 1 October 2024 30 September 2025 30 September 2025 00297901 A P Lacey C T Lacey M J Lacey-Solymar E C Alarcon iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 00297901 2024-09-30 00297901 2025-09-30 00297901 2024-10-01 2025-09-30 00297901 frs-core:CurrentFinancialInstruments 2025-09-30 00297901 frs-core:Non-currentFinancialInstruments 2025-09-30 00297901 frs-core:BetweenOneFiveYears 2025-09-30 00297901 frs-core:FurnitureFittings 2025-09-30 00297901 frs-core:FurnitureFittings 2024-10-01 2025-09-30 00297901 frs-core:FurnitureFittings 2024-09-30 00297901 frs-core:ShareCapital 2025-09-30 00297901 frs-core:RetainedEarningsAccumulatedLosses 2025-09-30 00297901 frs-bus:PrivateLimitedCompanyLtd 2024-10-01 2025-09-30 00297901 frs-bus:FilletedAccounts 2024-10-01 2025-09-30 00297901 frs-bus:SmallEntities 2024-10-01 2025-09-30 00297901 frs-bus:AuditExempt-NoAccountantsReport 2024-10-01 2025-09-30 00297901 frs-bus:SmallCompaniesRegimeForAccounts 2024-10-01 2025-09-30 00297901 frs-core:DeferredTaxation 2024-10-01 2025-09-30 00297901 frs-core:DeferredTaxation 2024-09-30 00297901 frs-core:DeferredTaxation 2025-09-30 00297901 frs-core:OtherProvisionsContingentLiabilities 2024-10-01 2025-09-30 00297901 frs-core:OtherProvisionsContingentLiabilities 2024-09-30 00297901 frs-core:OtherProvisionsContingentLiabilities 2025-09-30 00297901 frs-core:CostValuation 2024-09-30 00297901 frs-core:CostValuation 2025-09-30 00297901 frs-core:ProvisionsForImpairmentInvestments 2024-09-30 00297901 frs-core:ProvisionsForImpairmentInvestments 2025-09-30 00297901 frs-bus:Director1 2024-10-01 2025-09-30 00297901 frs-bus:Director2 2024-10-01 2025-09-30 00297901 frs-bus:Director3 2024-10-01 2025-09-30 00297901 frs-bus:CompanySecretary1 2024-10-01 2025-09-30 00297901 frs-countries:EnglandWales 2024-10-01 2025-09-30 00297901 2023-09-30 00297901 2024-09-30 00297901 2023-10-01 2024-09-30 00297901 frs-core:CurrentFinancialInstruments 2024-09-30 00297901 frs-core:Non-currentFinancialInstruments 2024-09-30 00297901 frs-core:BetweenOneFiveYears 2024-09-30 00297901 frs-core:ShareCapital 2024-09-30 00297901 frs-core:RetainedEarningsAccumulatedLosses 2024-09-30
Registered number: 00297901
William Lacey Group Limited
Financial Statements
For The Year Ended 30 September 2025
Contents
Page
Statement of Financial Position 1—2
Notes to the Financial Statements 3—7
Page 1
Statement of Financial Position
Registered number: 00297901
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 - 1,668
Investments 5 3,000 3,000
3,000 4,668
CURRENT ASSETS
Stocks 6 316,902 2,968,658
Debtors 7 95,347 165,354
Investments 8 1,063,030 -
Cash at bank and in hand 3,330,048 530,679
4,805,327 3,664,691
Creditors: Amounts Falling Due Within One Year 9 (567,917 ) (916,610 )
NET CURRENT ASSETS (LIABILITIES) 4,237,410 2,748,081
TOTAL ASSETS LESS CURRENT LIABILITIES 4,240,410 2,752,749
Creditors: Amounts Falling Due After More Than One Year 10 (870 ) (11,568 )
PROVISIONS FOR LIABILITIES
Provisions For Charges 11 (106,940 ) -
Deferred Taxation (14,598 ) -
NET ASSETS 4,118,002 2,741,181
CAPITAL AND RESERVES
Called up share capital 12 70,000 70,000
Income Statement 4,048,002 2,671,181
SHAREHOLDERS' FUNDS 4,118,002 2,741,181
Page 1
Page 2
For the year ending 30 September 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 Income Statement.
On behalf of the board
C T Lacey
Director
17 November 2025
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
William Lacey Group Limited is a private company, limited by shares, incorporated in England & Wales, registered number 00297901 . The registered office is 18 Elmbridge House, Elmbridge Lane, Woking, Surrey, GU22 9FY.
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 represents the value of work done in respect of build contracts net of Value Added Tax, the sales of residential units on development projects and the sale of land for development. Profit is recognised on long-term contracts if the outcome can be assessed with reasonable certainty, by including in the Income Statement turnover and related costs as contract activity progresses. Turnover is calculated as that proportion of total contract value which costs to date bear to total costs for that contract.
Turnover is recognised when a right to consideration has been obtained. Turnover with respect to retentions on property sales are not recognised where the right to receive payment is contingent upon contractual commitments which have not been fulfilled by the company as at the balance sheet date.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets, which are capitalised above a threshold of £2,500, 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:
Fixtures & Fittings 25% and 50% on cost
2.4. Stocks and Work in Progress
Work in progress is valued on the basis of direct costs plus attributable overheads based on the normal level of activity. Provision is made for any foreseeable losses where appropriate. No element of profit is included in the valuation of work in progress.
2.5. Financial Instruments
Investments in publicly traded shares and other basic equity instruments are measured at fair value in the statement of financial position, provided the fair value can be measured reliably.  The unrealised gains or losses from the change in fair value between reporting dates are reported in the statement of income and retained earnings.
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.
...CONTINUED
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Page 4
2.6. Taxation - continued
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.
2.7. Pensions
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 5 (2024: 5)
5 5
4. Tangible Assets
Fixtures & Fittings
£
Cost
As at 1 October 2024 82,297
Disposals (16,844 )
As at 30 September 2025 65,453
Depreciation
As at 1 October 2024 80,629
Provided during the period 1,481
Disposals (16,657 )
As at 30 September 2025 65,453
Net Book Value
As at 30 September 2025 -
As at 1 October 2024 1,668
Page 4
Page 5
5. Investments
Subsidiaries
£
Cost or Valuation
As at 1 October 2024 296,872
As at 30 September 2025 296,872
Provision
As at 1 October 2024 293,872
As at 30 September 2025 293,872
Net Book Value
As at 30 September 2025 3,000
As at 1 October 2024 3,000
6. Stocks
2025 2024
£ £
Work in progress 316,902 2,968,658
At the balance sheet date the impairment review of work-in-progress identified a necessary further reduction in carrying
value of £324,504 (2024 - £14,532), which has been expensed to cost of sales in the Income Statement.
The closing value of work-in-progress includes capitalised borrowing costs of £nil (2024 - £113,041).
7. Debtors
2025 2024
£ £
Due within one year
Trade debtors 1,077 415
Other debtors 94,270 164,939
95,347 165,354
8. Current Asset Investments
2025 2024
£ £
Listed investments 1,063,030 -
Page 5
Page 6
9. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 153,459 74,643
Bank loans and overdrafts 10,479 10,000
Other loans < 1yr - 445,000
Amounts owed to group undertakings 3,000 3,000
Other creditors 56,042 378,252
Taxation and social security 344,937 5,715
567,917 916,610
10. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Bank loans > 1yr 870 11,568
11. Provisions for Liabilities
Deferred Tax Other Provisions Total
£ £ £
As at 1 October 2024 (114,103 ) - (114,103)
Additions 14,598 106,940 121,538
Reversals 114,103 - 114,103
Balance at 30 September 2025 14,598 106,940 121,538
The 'Other Provisions' represents the cost of remediation works where the probability of the company's obligation to fulfil these is considered to be above 50%.
12. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 70,000 70,000
Page 6
Page 7
13. Other Commitments
The total of future minimum lease payments under non-cancellable operating leases are as following:
2025 2024
£ £
Later than one year and not later than five years 46,000 50,000
46,000 50,000
14. Related Party Transactions
During the year Mr C Lacey, a director and shareholder, advanced the company a loan of £125,000 which was repaid in April 2025. The loan was unsecured and repayable on demand. It carried interest at 15% p.a., which amounted to £13,904 (2024: £17,055) during the year.
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