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 01640903 Mr Andrew Jerrard-Dunne Mr David Jerrard-Dunne Mr David Jerrard-Dunne Andrew Peter Jerrard-Dunne true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 01640903 2023-03-31 01640903 2024-03-31 01640903 2023-04-01 2024-03-31 01640903 frs-core:CurrentFinancialInstruments 2024-03-31 01640903 frs-core:Non-currentFinancialInstruments 2024-03-31 01640903 frs-core:CopyrightsPatentsTrademarksServiceOperatingRights 2024-03-31 01640903 frs-core:CopyrightsPatentsTrademarksServiceOperatingRights 2023-04-01 2024-03-31 01640903 frs-core:CopyrightsPatentsTrademarksServiceOperatingRights 2023-03-31 01640903 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2024-03-31 01640903 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-04-01 2024-03-31 01640903 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-03-31 01640903 frs-core:FurnitureFittings 2024-03-31 01640903 frs-core:FurnitureFittings 2023-04-01 2024-03-31 01640903 frs-core:FurnitureFittings 2023-03-31 01640903 frs-core:InvestmentPropertyIncludedWithinPPE 2023-04-01 2024-03-31 01640903 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-03-31 01640903 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-04-01 2024-03-31 01640903 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-03-31 01640903 frs-core:MotorVehicles 2024-03-31 01640903 frs-core:MotorVehicles 2023-04-01 2024-03-31 01640903 frs-core:MotorVehicles 2023-03-31 01640903 frs-core:PlantMachinery 2024-03-31 01640903 frs-core:PlantMachinery 2023-04-01 2024-03-31 01640903 frs-core:PlantMachinery 2023-03-31 01640903 frs-core:CapitalRedemptionReserve 2024-03-31 01640903 frs-core:RevaluationReserve 2023-03-31 01640903 frs-core:RevaluationReserve 2024-03-31 01640903 frs-core:ShareCapital 2024-03-31 01640903 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 01640903 frs-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 01640903 frs-bus:FilletedAccounts 2023-04-01 2024-03-31 01640903 frs-bus:SmallEntities 2023-04-01 2024-03-31 01640903 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 01640903 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 01640903 1 2023-04-01 2024-03-31 01640903 frs-bus:Director1 2023-04-01 2024-03-31 01640903 frs-bus:Director2 2023-04-01 2024-03-31 01640903 frs-bus:CompanySecretary1 2023-04-01 2024-03-31 01640903 frs-countries:EnglandWales 2023-04-01 2024-03-31 01640903 2022-03-31 01640903 2023-03-31 01640903 2022-04-01 2023-03-31 01640903 frs-core:CurrentFinancialInstruments 2023-03-31 01640903 frs-core:Non-currentFinancialInstruments 2023-03-31 01640903 frs-core:CapitalRedemptionReserve 2023-03-31 01640903 frs-core:RevaluationReserve 2023-03-31 01640903 frs-core:ShareCapital 2023-03-31 01640903 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31
Registered number: 01640903
Architectural Profiles 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: 01640903
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 2,642,772 2,806,977
Tangible Assets 5 242,616 354,618
2,885,388 3,161,595
CURRENT ASSETS
Stocks 6 420,372 449,576
Debtors 7 6,287,340 6,240,967
Investments 1 1
Cash at bank and in hand 1,436,628 1,351,607
8,144,341 8,042,151
Creditors: Amounts Falling Due Within One Year 8 (1,190,997 ) (954,725 )
NET CURRENT ASSETS (LIABILITIES) 6,953,344 7,087,426
TOTAL ASSETS LESS CURRENT LIABILITIES 9,838,732 10,249,021
Creditors: Amounts Falling Due After More Than One Year 9 (109,307 ) (265,048 )
NET ASSETS 9,729,425 9,983,973
CAPITAL AND RESERVES
Called up share capital 10 156,600 156,600
Revaluation reserve 11 4,184,272 4,184,272
Capital redemption reserve 100,000 100,000
Profit and Loss Account 5,288,553 5,543,101
SHAREHOLDERS' FUNDS 9,729,425 9,983,973
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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 Profiles Limited is a private company, limited by shares, incorporated in England & Wales, registered number 01640903 . 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
The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.
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.
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. 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
2.5. Intangible Fixed Assets and Amortisation - Intellectual Property
Intellectual property assets are set out below:

  • Trademarks
  • Acoustic Performance Reports
  • Fire Performance Assessments

Amounts are amortised to the profit and loss account over the estimated economic life of 10 years. No amortisation is provided for in the first year.
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:
Leasehold 10% straight line
Plant & Machinery 15% straight line
Motor Vehicles 25% straight line
Fixtures & Fittings 15% straight line
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2.7. 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.
2.8. 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.
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.
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: 8 (2023: 8)
8 8
4. Intangible Assets
Development Costs Intellectual Property Total
£ £ £
Cost
As at 1 April 2023 210,137 3,897,985 4,108,122
Additions - 175,000 175,000
Disposals - (175,000 ) (175,000 )
As at 31 March 2024 210,137 3,897,985 4,108,122
Amortisation
As at 1 April 2023 166,537 1,134,608 1,301,145
Provided during the period 22,960 141,245 164,205
As at 31 March 2024 189,497 1,275,853 1,465,350
Net Book Value
As at 31 March 2024 20,640 2,622,132 2,642,772
As at 1 April 2023 43,600 2,763,377 2,806,977
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5. Tangible Assets
Land & Property
Leasehold Plant & Machinery Motor Vehicles Fixtures & Fittings Total
£ £ £ £ £
Cost
As at 1 April 2023 1,102 1,357,488 18,082 314,507 1,691,179
Additions - 53,957 - 25,531 79,488
As at 31 March 2024 1,102 1,411,445 18,082 340,038 1,770,667
Depreciation
As at 1 April 2023 551 1,040,538 18,082 277,390 1,336,561
Provided during the period 110 175,343 - 16,037 191,490
As at 31 March 2024 661 1,215,881 18,082 293,427 1,528,051
Net Book Value
As at 31 March 2024 441 195,564 - 46,611 242,616
As at 1 April 2023 551 316,950 - 37,117 354,618
6. Stocks
2024 2023
£ £
Stock 403,872 448,260
Work in progress 16,500 1,316
420,372 449,576
7. Debtors
2024 2023
£ £
Due within one year
Trade debtors 1,381,745 592,060
Prepayments and accrued income 68,761 47,808
Amounts owed by group undertakings 4,836,834 5,601,099
6,287,340 6,240,967
8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 585,816 351,458
Bank loans and overdrafts 241,089 192,168
Corporation tax 2,701 49,438
Other taxes and social security 6,625 2,714
VAT 282,013 103,604
Accruals and deferred income 72,753 255,343
1,190,997 954,725
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9. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 109,307 265,048
10. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 156,600 156,600
11. Reserves
Revaluation Reserve
£
As at 1 April 2023 4,184,272
As at 31 March 2024 4,184,272
12. Related Party Transactions
The company is financially supporting its subsidiary, Architectural Metals Limited. The total group undertakings at the date the financial statements were prepared were £6,312,084 (2022: £5,601,100) and disclosed under current debtors.
13. Ultimate Controlling Party
The company's ultimate controlling party is Andrew Peter Jerrard-Dunne by virtue of his ownership as the majority shareholder in the company.
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