Acorah Software Products - Accounts Production 16.0.110 false true true 30 September 2023 1 October 2022 false 24 October 2024 1 October 2023 31 March 2024 31 March 2024 05982771 Mr P S Khaira Mr C Keen Mrs S L Johnson Mr A J Dear Mr S Best Mrs A N Badel Mr S Ali Mr B N Morrill Mrs A N Badel true true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 05982771 2023-09-30 05982771 2024-03-31 05982771 2023-10-01 2024-03-31 05982771 frs-core:CurrentFinancialInstruments 2024-03-31 05982771 frs-core:FurnitureFittings 2024-03-31 05982771 frs-core:FurnitureFittings 2023-10-01 2024-03-31 05982771 frs-core:FurnitureFittings 2023-09-30 05982771 frs-core:OtherReservesSubtotal 2024-03-31 05982771 frs-core:ShareCapital 2024-03-31 05982771 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 05982771 frs-bus:PrivateLimitedCompanyLtd 2023-10-01 2024-03-31 05982771 frs-bus:FilletedAccounts 2023-10-01 2024-03-31 05982771 frs-bus:SmallEntities 2023-10-01 2024-03-31 05982771 frs-bus:Audited 2023-10-01 2024-03-31 05982771 frs-bus:SmallCompaniesRegimeForAccounts 2023-10-01 2024-03-31 05982771 frs-bus:OrdinaryShareClass1 2023-10-01 2024-03-31 05982771 frs-bus:OrdinaryShareClass1 2024-03-31 05982771 1 2023-10-01 2024-03-31 05982771 frs-bus:Director1 2023-10-01 2024-03-31 05982771 frs-bus:Director2 2023-10-01 2024-03-31 05982771 frs-bus:Director3 2023-10-01 2024-03-31 05982771 frs-bus:Director4 2023-10-01 2024-03-31 05982771 frs-bus:Director5 2023-10-01 2024-03-31 05982771 frs-bus:Director6 2023-10-01 2024-03-31 05982771 frs-bus:Director7 2023-10-01 2024-03-31 05982771 frs-bus:CompanySecretary1 2023-10-01 2024-03-31 05982771 frs-bus:CompanySecretary2 2023-10-01 2024-03-31 05982771 frs-countries:EnglandWales 2023-10-01 2024-03-31 05982771 frs-countries:EnglandWales 2023-10-01 2024-03-31 05982771 2022-09-30 05982771 2023-09-30 05982771 2022-10-01 2023-09-30 05982771 frs-core:CurrentFinancialInstruments 2023-09-30 05982771 frs-core:OtherReservesSubtotal 2023-09-30 05982771 frs-core:ShareCapital 2023-09-30 05982771 frs-core:RetainedEarningsAccumulatedLosses 2023-09-30 05982771 frs-bus:OrdinaryShareClass1 2022-10-01 2023-09-30
Registered number: 05982771
Bierce Surveying Ltd
Financial Statements
For the Period 1 October 2023 to 31 March 2024
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—4
Page 1
Balance Sheet
Registered number: 05982771
31 March 2024 30 September 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 1,862 2,492
1,862 2,492
CURRENT ASSETS
Debtors 5 296,966 383,810
Cash at bank and in hand 818,585 365,749
1,115,551 749,559
Creditors: Amounts Falling Due Within One Year 6 (286,303 ) (180,684 )
NET CURRENT ASSETS (LIABILITIES) 829,248 568,875
TOTAL ASSETS LESS CURRENT LIABILITIES 831,110 571,367
PROVISIONS FOR LIABILITIES
Deferred Taxation (244 ) (244 )
NET ASSETS 830,866 571,123
CAPITAL AND RESERVES
Called up share capital 7 100 100
Share based payment reserve - 137,781
Profit and Loss Account 830,766 433,242
SHAREHOLDERS' FUNDS 830,866 571,123
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 P S Khaira
Director
Mr S Best
Director
24 October 2024
The notes on pages 2 to 4 form part of these financial statements.
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Page 2
Notes to the Financial Statements
1. General Information
Bierce Surveying Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 05982771 . The registered office is Abel Smith House, Gunnels Wood Road, Stevenage, SG1 2ST.
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. Going Concern Disclosure
The company and the group within which it sits were both profitable during the year, and at the year end both had net current assets. The directors note the general risks and uncertainties of the current economic environment, but notwithstanding those factors neither the company nor the group are considered to face a threat to their ability to continue in operational existence for a period of at least twelve months from the date of this report. Accordingly, the financial statements have been prepared on a going concern basis.
2.3. 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 from the rendering of services. 
The company recognises revenue when, the amount of revenue can be reliably measured; it is probable that future economic benefits will flow to the entity; and specific criteria have been met for each of the company's activities.
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:
Fixtures & Fittings 10% - 33% straight line
2.5. Cash and Cash Equivalents
Cash and cash equivalents are basic financial assets and include cash in hand and deposits held at call with banks, other short-term highly liquid investments that mature in no more than three months from the date of acquisition and are readily convertible to a known amount of cash with insignificant risk of change in value, and bank overdrafts.
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 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.
2.7. Pensions
The company operates a defined contribution pension scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
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2.8. Share based payments
The company operates an equity-settled, share-based compensation plan, under which the entity receives services from employees as consideration for shares in the ultimate parent company under a Share Incentive Plan (SIP). The fair value of the employees services received is measured by reference to the estimated fair value at the grant date of equity instruments granted and is recognised as an expense over the vesting period. The estimated fair value of the equity instrument is calculated with reference to the most recent sale of shares in the ultimate parent company, discounted to reflect the constraints on sale associated with shares allocated within the SIP.
Share-based payments are recognised as Administrative expenses within the Profit and loss account, and as a credit to
the Share-based payment reserve within the Balance sheet.
3. Average Number of Employees
Average number of employees, including directors, during the period was: 8 (2023: 13)
8 13
4. Tangible Assets
Fixtures & Fittings
£
Cost
As at 1 October 2023 46,446
As at 31 March 2024 46,446
Depreciation
As at 1 October 2023 43,954
Provided during the period 630
As at 31 March 2024 44,584
Net Book Value
As at 31 March 2024 1,862
As at 1 October 2023 2,492
5. Debtors
31 March 2024 30 September 2023
£ £
Due within one year
Trade debtors 149,096 235,067
Amounts owed by group undertakings 99,272 96,369
Other debtors 48,598 52,374
296,966 383,810
6. Creditors: Amounts Falling Due Within One Year
31 March 2024 30 September 2023
£ £
Trade creditors 128,165 103,116
Amounts owed to group undertakings 3,500 3,500
Other creditors 35,501 22,245
Taxation and social security 119,137 51,823
286,303 180,684
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7. Share Capital
31 March 2024 30 September 2023
Allotted, called up and fully paid £ £
1,000 Ordinary Shares of £ 0.10 each 100 100
8. Other Commitments
Amounts not provided for in the balance sheet
The total amount of operating lease commitments not included in the balance sheet is £53,486 (2023 - £78,735).
9. Reserves
Profit and loss account
This reserve records the cumulative distributable reserves of the entity, net of dividends paid and other adjustments.
Share based payment reserve
This reserve records the cumlative value of allocations that the company has made to employees under share-based payments schemes.
10. Post Balance Sheet Events
On 23 September 2024, PAI Partners, along with other management shareholders, completed the sale of 100% of the share capital in Minerva Equity Limited Group to Midas Bidco I Limited, a company controlled by CVC Capital Partners.
11. Related Party Disclosures
The company has taken advantage of exemption, under 33.1A of the Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland", not to disclose transactions with wholly owned subsidiaries within the group.
12. Controlling Parties
At 31 March 2024, the Company’s immediate parent undertaking was Agility Survey Ltd, a company registered in England and Wales. On 23 September 2024 the ultimate parent undertaking was Midas Midco, a company registered in England and Wales, whose ultimate controlling party is CVC Capital Partners. 
M Group Services Limited is the parent undertaking of the smallest Group to consolidate these financial statements and Minerva Equity Limited is the parent undertaking of the largest Group to consolidate these financial statements for the year ended 31 March 2024. 
Copies of M Group Services Limited and Minerva Equity Limited consolidated financial statements can be obtained from the Company Secretary at the registered office: Abel Smith House, Gunnels Wood Road, Stevenage, Hertfordshire, SG1 2ST.
13. FRC's Ethical Standard - Provision Available for Small Entities
In common with other businesses of our size and nature we use our auditors to prepare and submit returns to the tax authorities and assist with the preparation of the financial statements.
14. Audit Information
The auditors report on the account of Bierce Surveying Ltd for the period ended 31 March 2024 was unqualified
The auditor's report was signed by Mr K R Witchell (Senior Statutory Auditor) for and on behalf of KRW Accountants Ltd , Statutory Auditor
KRW Accountants Ltd
The Mill
Pury Hill Business Park
Towcester
NN12 7LS
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