Acorah Software Products - Accounts Production 16.6.950 false true 28 February 2024 1 March 2023 false 29 February 2024 28 February 2025 28 February 2025 00657956 Mr David Carlisle Miss Andrea Carlisle Mr John Carlisle Mr David Carlisle iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 00657956 2024-02-28 00657956 2025-02-28 00657956 2024-02-29 2025-02-28 00657956 frs-core:CurrentFinancialInstruments 2025-02-28 00657956 frs-core:Non-currentFinancialInstruments 2025-02-28 00657956 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2025-02-28 00657956 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-02-29 2025-02-28 00657956 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-02-28 00657956 frs-core:MotorVehicles 2025-02-28 00657956 frs-core:MotorVehicles 2024-02-29 2025-02-28 00657956 frs-core:MotorVehicles 2024-02-28 00657956 frs-core:PlantMachinery 2025-02-28 00657956 frs-core:PlantMachinery 2024-02-29 2025-02-28 00657956 frs-core:PlantMachinery 2024-02-28 00657956 frs-core:RevaluationReserve 2024-02-28 00657956 frs-core:RevaluationReserve 2025-02-28 00657956 frs-core:ShareCapital 2025-02-28 00657956 frs-core:RetainedEarningsAccumulatedLosses 2025-02-28 00657956 frs-bus:PrivateLimitedCompanyLtd 2024-02-29 2025-02-28 00657956 frs-bus:FilletedAccounts 2024-02-29 2025-02-28 00657956 frs-bus:SmallEntities 2024-02-29 2025-02-28 00657956 frs-bus:AuditExempt-NoAccountantsReport 2024-02-29 2025-02-28 00657956 frs-bus:SmallCompaniesRegimeForAccounts 2024-02-29 2025-02-28 00657956 frs-bus:Director1 2024-02-29 2025-02-28 00657956 frs-bus:Director1 2024-02-28 00657956 frs-bus:Director1 2025-02-28 00657956 frs-bus:Director2 2024-02-29 2025-02-28 00657956 frs-bus:Director2 2024-02-28 00657956 frs-bus:Director2 2025-02-28 00657956 frs-bus:Director3 2024-02-29 2025-02-28 00657956 frs-bus:CompanySecretary1 2024-02-29 2025-02-28 00657956 frs-countries:EnglandWales 2024-02-29 2025-02-28 00657956 2023-02-28 00657956 2024-02-28 00657956 2023-03-01 2024-02-28 00657956 frs-core:CurrentFinancialInstruments 2024-02-28 00657956 frs-core:Non-currentFinancialInstruments 2024-02-28 00657956 frs-core:RevaluationReserve 2024-02-28 00657956 frs-core:ShareCapital 2024-02-28 00657956 frs-core:RetainedEarningsAccumulatedLosses 2024-02-28
Registered number: 00657956
A.S.C. Timber Supplies Limited
Unaudited Financial Statements
For The Year Ended 28 February 2025
Roby Brimley & Co Ltd
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 00657956
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 858,915 864,788
858,915 864,788
CURRENT ASSETS
Stocks 5 670,517 684,201
Debtors 6 248,902 224,914
Cash at bank and in hand 10,546 12,872
929,965 921,987
Creditors: Amounts Falling Due Within One Year 7 (372,052 ) (397,250 )
NET CURRENT ASSETS (LIABILITIES) 557,913 524,737
TOTAL ASSETS LESS CURRENT LIABILITIES 1,416,828 1,389,525
Creditors: Amounts Falling Due After More Than One Year 8 (755,952 ) (738,834 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (2,454 ) (2,715 )
NET ASSETS 658,422 647,976
CAPITAL AND RESERVES
Called up share capital 9 201 201
Revaluation reserve 12 654,713 654,713
Profit and Loss Account 3,508 (6,938 )
SHAREHOLDERS' FUNDS 658,422 647,976
Page 1
Page 2
For the year ending 28 February 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 David Carlisle
Director
26/11/2025
The notes on pages 3 to 5 form part of these financial statements.
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Page 3
Notes to the Financial Statements
1. General Information
A.S.C. Timber Supplies Limited is a private company, limited by shares, incorporated in England & Wales, registered number 00657956 . The registered office is Steeley Lane, Chorley, Lancashire, PR6 0RP.
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. 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 1%
Plant & Machinery 10%
Motor Vehicles 25%
2.4. 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.
2.5. 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.
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3. Average Number of Employees
Average number of employees, including directors, during the year was: 13 (2024: 13)
13 13
4. Tangible Assets
Land & Property
Freehold Plant & Machinery Motor Vehicles Total
£ £ £ £
Cost
As at 29 February 2024 900,000 224,831 13,445 1,138,276
As at 28 February 2025 900,000 224,831 13,445 1,138,276
Depreciation
As at 29 February 2024 49,500 211,143 12,845 273,488
Provided during the period 4,500 1,223 150 5,873
As at 28 February 2025 54,000 212,366 12,995 279,361
Net Book Value
As at 28 February 2025 846,000 12,465 450 858,915
As at 29 February 2024 850,500 13,688 600 864,788
5. Stocks
2025 2024
£ £
Stock 670,517 -
Materials - 684,201
670,517 684,201
6. Debtors
2025 2024
£ £
Due within one year
Trade debtors 24,202 27,574
Other debtors 800 -
25,002 27,574
Due after more than one year
Amounts owed by group undertakings 223,900 197,340
248,902 224,914
7. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 119,600 195,669
Bank loans and overdrafts 96,088 92,572
Other creditors 71,024 35,944
Taxation and social security 85,340 73,065
372,052 397,250
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8. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Bank loans 239,846 265,590
Amounts owed to participating interests 330,266 311,179
Other creditors 185,840 162,065
755,952 738,834
9. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 201 201
10. Pension Commitments
The company operates a defined contribution pension scheme for its employees. 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 NIL (PY £391) were due to the fund. They are included in Other Creditors.
11. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 29 February 2024 Amounts advanced Amounts repaid Amounts written off As at 28 February 2025
£ £ £ £ £
Mr David Carlisle (96,898 ) (24,000 ) 4,225 - (116,673 )
Miss Andrea Carlisle (65,167 ) (4,000 ) - - (69,167 )
The above loan is unsecured, interest free and repayable on demand.
12. Reserves
Revaluation Reserve
£
As at 29 February 2024 654,713
As at 28 February 2025 654,713
Page 5