Acorah Software Products - Accounts Production 16.6.950 false true 30 June 2024 1 July 2023 false 1 July 2024 30 June 2025 30 June 2025 05470610 Mr Peter Davis iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 05470610 2024-06-30 05470610 2025-06-30 05470610 2024-07-01 2025-06-30 05470610 frs-core:CurrentFinancialInstruments 2025-06-30 05470610 frs-core:Non-currentFinancialInstruments 2025-06-30 05470610 frs-core:BetweenOneFiveYears 2025-06-30 05470610 frs-core:ComputerEquipment 2025-06-30 05470610 frs-core:ComputerEquipment 2024-07-01 2025-06-30 05470610 frs-core:ComputerEquipment 2024-06-30 05470610 frs-core:FurnitureFittings 2025-06-30 05470610 frs-core:FurnitureFittings 2024-07-01 2025-06-30 05470610 frs-core:FurnitureFittings 2024-06-30 05470610 frs-core:PlantMachinery 2025-06-30 05470610 frs-core:PlantMachinery 2024-07-01 2025-06-30 05470610 frs-core:PlantMachinery 2024-06-30 05470610 frs-core:WithinOneYear 2025-06-30 05470610 frs-core:ShareCapital 2025-06-30 05470610 frs-core:RetainedEarningsAccumulatedLosses 2025-06-30 05470610 frs-bus:PrivateLimitedCompanyLtd 2024-07-01 2025-06-30 05470610 frs-bus:FilletedAccounts 2024-07-01 2025-06-30 05470610 frs-bus:SmallEntities 2024-07-01 2025-06-30 05470610 frs-bus:AuditExempt-NoAccountantsReport 2024-07-01 2025-06-30 05470610 frs-bus:SmallCompaniesRegimeForAccounts 2024-07-01 2025-06-30 05470610 frs-bus:Director1 2024-07-01 2025-06-30 05470610 frs-countries:EnglandWales 2024-07-01 2025-06-30 05470610 2023-06-30 05470610 2024-06-30 05470610 2023-07-01 2024-06-30 05470610 frs-core:CurrentFinancialInstruments 2024-06-30 05470610 frs-core:Non-currentFinancialInstruments 2024-06-30 05470610 frs-core:BetweenOneFiveYears 2024-06-30 05470610 frs-core:WithinOneYear 2024-06-30 05470610 frs-core:ShareCapital 2024-06-30 05470610 frs-core:RetainedEarningsAccumulatedLosses 2024-06-30
Registered number: 05470610
Phirst Precision Carbide Limited
Unaudited Financial Statements
For The Year Ended 30 June 2025
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 05470610
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 107,395 126,347
107,395 126,347
CURRENT ASSETS
Stocks 5 68,550 68,700
Debtors 6 54,890 86,137
Cash at bank and in hand 29 54
123,469 154,891
Creditors: Amounts Falling Due Within One Year 7 (192,917 ) (165,281 )
NET CURRENT ASSETS (LIABILITIES) (69,448 ) (10,390 )
TOTAL ASSETS LESS CURRENT LIABILITIES 37,947 115,957
Creditors: Amounts Falling Due After More Than One Year 8 (31,182 ) (77,299 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (26,848 ) (24,006 )
NET (LIABILITIES)/ASSETS (20,083 ) 14,652
CAPITAL AND RESERVES
Called up share capital 10 3 3
Profit and Loss Account (20,086 ) 14,649
SHAREHOLDERS' FUNDS (20,083) 14,652
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For the year ending 30 June 2025 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 Profit and Loss Account.
On behalf of the board
Mr Peter Davis
Director
28/11/2025
The notes on pages 3 to 6 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Phirst Precision Carbide Limited is a private company, limited by shares, incorporated in England & Wales, registered number 05470610 . The registered office is The Old Barn, Off Wood Street, Swanley Village, Kent, BR8 7PA.
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.
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:
Plant & Machinery 15% WDV
Fixtures & Fittings 15% WDV
Computer Equipment 15% WDV
2.4. 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.
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.
2.6. 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.
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2.7. 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 in respect of all timing differences that have originated but not reversed at the balance
sheet date.
Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from
those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that
have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the
timing difference.
Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they
will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also 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: 4 (2024: 4)
4 4
4. Tangible Assets
Plant & Machinery Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 July 2024 356,081 1,344 6,260 363,685
As at 30 June 2025 356,081 1,344 6,260 363,685
Depreciation
As at 1 July 2024 231,929 960 4,449 237,338
Provided during the period 18,622 58 272 18,952
As at 30 June 2025 250,551 1,018 4,721 256,290
Net Book Value
As at 30 June 2025 105,530 326 1,539 107,395
As at 1 July 2024 124,152 384 1,811 126,347
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5. Stocks
2025 2024
£ £
Stock 20,250 20,000
Work in progress 48,300 48,700
68,550 68,700
6. Debtors
2025 2024
£ £
Due within one year
Trade debtors 50,616 81,000
Other debtors 1,519 -
VAT 2,755 5,137
54,890 86,137
7. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Net obligations under finance lease and hire purchase contracts 13,967 13,967
Trade creditors 23,001 7,606
Bank loans and overdrafts 10,000 23,753
Corporation tax 35,143 107,701
Other taxes and social security 7,624 4,593
Other creditors 463 7,655
Director's loan account 102,719 6
192,917 165,281
8. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Net obligations under finance lease and hire purchase contracts 31,182 45,528
Bank loans - 31,771
31,182 77,299
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9. Obligations Under Finance Leases and Hire Purchase
2025 2024
£ £
The future minimum finance lease payments are as follows:
Not later than one year 13,967 13,967
Later than one year and not later than five years 31,182 45,528
45,149 59,495
45,149 59,495
10. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 3 3
11. Related Party Transactions
Included in Other Creditors is an amount of £102,719 (2024 - £6) owed to the director, Mr P Davis. This loan is interest free and no repayment terms have been agreed. 
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