Acorah Software Products - Accounts Production 16.1.200 false true true 31 March 2023 1 April 2022 false 1 April 2023 31 March 2024 31 March 2024 04326224 Mr Andrew Jerrard-Dunne Mr David Jerrard-Dunne Mr David Jerrard-Dunne Architectural Profiles Limited 53b Crockhamwell Road, Woodley, Reading, England, RG5 3JP true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 04326224 2023-03-31 04326224 2024-03-31 04326224 2023-04-01 2024-03-31 04326224 frs-core:CurrentFinancialInstruments 2024-03-31 04326224 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-04-01 2024-03-31 04326224 frs-core:FurnitureFittings 2024-03-31 04326224 frs-core:FurnitureFittings 2023-04-01 2024-03-31 04326224 frs-core:FurnitureFittings 2023-03-31 04326224 frs-core:OtherResidualIntangibleAssets 2024-03-31 04326224 frs-core:OtherResidualIntangibleAssets 2023-04-01 2024-03-31 04326224 frs-core:OtherResidualIntangibleAssets 2023-03-31 04326224 frs-core:ShareCapital 2024-03-31 04326224 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 04326224 frs-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 04326224 frs-bus:FilletedAccounts 2023-04-01 2024-03-31 04326224 frs-bus:SmallEntities 2023-04-01 2024-03-31 04326224 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 04326224 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 04326224 1 2023-04-01 2024-03-31 04326224 frs-bus:Director1 2023-04-01 2024-03-31 04326224 frs-bus:Director2 2023-04-01 2024-03-31 04326224 frs-bus:CompanySecretary1 2023-04-01 2024-03-31 04326224 frs-countries:EnglandWales 2023-04-01 2024-03-31 04326224 2022-03-31 04326224 2023-03-31 04326224 2022-04-01 2023-03-31 04326224 frs-core:CurrentFinancialInstruments 2023-03-31 04326224 frs-core:ShareCapital 2023-03-31 04326224 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31
Registered number: 04326224
Architectural Metals Limited
Unaudited Financial Statements
For The Year Ended 31 March 2024
Inchmead Accountants
100 Berkshire Place
Winnersh
Wokingham
RG41 5RD
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 04326224
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 47,159 56,591
Tangible Assets 5 3,743 3,110
50,902 59,701
CURRENT ASSETS
Debtors 6 52,744 65,825
Cash at bank and in hand 171 1,993
52,915 67,818
Creditors: Amounts Falling Due Within One Year 7 (4,951,373 ) (5,696,310 )
NET CURRENT ASSETS (LIABILITIES) (4,898,458 ) (5,628,492 )
TOTAL ASSETS LESS CURRENT LIABILITIES (4,847,556 ) (5,568,791 )
NET LIABILITIES (4,847,556 ) (5,568,791 )
CAPITAL AND RESERVES
Called up share capital 8 1 1
Profit and Loss Account (4,847,557 ) (5,568,792 )
SHAREHOLDERS' FUNDS (4,847,556) (5,568,791)
Page 1
Page 2
For the year ending 31 March 2024 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 Andrew Jerrard-Dunne
Director
19 December 2024
The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Architectural Metals Limited is a private company, limited by shares, incorporated in England & Wales, registered number 04326224 . The registered office is 53b Crockhamwell Road, Woodley, Reading, Berkshire, RG5 3JP.
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
At the year end date the company's liabilities exceed it's assets. As a result the company is reliant on loans provided by the parent company. The parent company has confirmed that it will not recall these loans until the company has available funds to repay these loans.
The directors therefore believe the company to have sufficient resources to continue trading for the forseeable future which is why the company accounts were prepared on a going concern basis at the year end date.
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 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 and the company has no further managerial involvement.
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.
2.4. Intangible Fixed Assets and Amortisation - Other Intangible
Other intangible assets consists of designs and calculations for each particular project. Once the project is complete, 20% of the gained knowledge is capitalised as an intangible assets and 80% of the asset is recognised as a cost against the project income. It is amortised to profit and loss account over its estimated economic life of 10 years.
2.5. Research and Development
Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful live. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed 10 years.

Amortisation is provided on the following bases:

Development costs - 10% straight line

2.6. 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 15% Reducing balance
2.7. Financial Instruments
The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.
Page 3
Page 4
2.8. 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 year 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 asset reflects 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.
2.9. 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.
2.10. Government Grant
Government grants are recognised in the profit and loss account in an appropriate manner that matches them with the expenditure towards which they are intended to contribute.
Grants for immediate financial support or to cover costs already incurred are recognised immediately in the profit and loss account. Grants towards general activities of the entity over a specific period are recognised in the profit and loss account over that period.
Grants towards fixed assets are recognised over the expected useful lives of the related assets and are treated as deferred income and released to the profit and loss account over the useful life of the asset concerned.
All grants in the profit and loss account are recognised when all conditions for receipt have been complied with.
2.11. Research and Development
In the research phase of an internal project it is not possible to demonstrate that the project will generate future economic benefits and hence all expenditure on research shall be recognised as an expense when it is incurred. Intangible assets are recognised from the development phase of a project if and only if certain specific criteria are met in order to demonstrate the asset will generate probable future economic benefits and that its cost can be reliably measured. The capitalised development costs are subsequently amortised on a straight line basis over their useful economic lives.
If it is not possible to distinguish between the research and development phase and the development phase of an internal project, the expenditure is treated as if it were all incurred in the research phase only.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 15 (2023: 13)
15 13
Page 4
Page 5
4. Intangible Assets
Other
£
Cost
As at 1 April 2023 94,318
As at 31 March 2024 94,318
Amortisation
As at 1 April 2023 37,727
Provided during the period 9,432
As at 31 March 2024 47,159
Net Book Value
As at 31 March 2024 47,159
As at 1 April 2023 56,591
5. Tangible Assets
Fixtures & Fittings
£
Cost
As at 1 April 2023 15,911
Additions 1,293
As at 31 March 2024 17,204
Depreciation
As at 1 April 2023 12,801
Provided during the period 660
As at 31 March 2024 13,461
Net Book Value
As at 31 March 2024 3,743
As at 1 April 2023 3,110
6. Debtors
2024 2023
£ £
Due within one year
Prepayments and accrued income 50,973 42,397
Other debtors 1,750 -
Corporation tax recoverable assets - 23,428
Net wages 21 -
52,744 65,825
Page 5
Page 6
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 46,306 38,697
Other taxes and social security 12,317 6,513
VAT 5,703 -
Accruals and deferred income 50,213 50,000
Amounts owed to group undertakings 4,836,834 5,601,100
4,951,373 5,696,310
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1 1
9. Related Party Transactions
The company is financially supporting by the parent comapany, Architectural Profiles Limited. The total group undertakings at the date the financial statements were prepared was £6,312,084 (2021: £5,601,100) and is disclosed under current liabilities.
10. Ultimate Parent Undertaking and Controlling Party
The company's immediate and ultimate parent undertaking is Architectural Profiles Limited . Architectural Profiles Limited was incorporated in the United Kingdom. Copies of the group accounts may be obtained from the company. The registered address of the controlling party is 53b Crockhamwell Road, Woodley, Reading, England, RG5 3JP . The ultimate controlling party is Architectural Profiles Limited who controls 100% of the shares of Architectural Metals Limited .
Page 6