Acorah Software Products - Accounts Production 16.1.300 false true 31 March 2023 1 April 2022 false 1 April 2023 31 March 2024 31 March 2024 09134404 Mr I A Williams Mr A C Oulsnam iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 09134404 2023-03-31 09134404 2024-03-31 09134404 2023-04-01 2024-03-31 09134404 frs-core:CurrentFinancialInstruments 2024-03-31 09134404 frs-core:Non-currentFinancialInstruments 2024-03-31 09134404 frs-core:ComputerEquipment 2023-04-01 2024-03-31 09134404 frs-core:FurnitureFittings 2023-04-01 2024-03-31 09134404 frs-core:NetGoodwill 2024-03-31 09134404 frs-core:NetGoodwill 2023-04-01 2024-03-31 09134404 frs-core:NetGoodwill 2023-03-31 09134404 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 09134404 frs-core:MotorVehicles 2023-04-01 2024-03-31 09134404 frs-core:PlantMachinery 2024-03-31 09134404 frs-core:PlantMachinery 2023-04-01 2024-03-31 09134404 frs-core:PlantMachinery 2023-03-31 09134404 frs-core:WithinOneYear 2024-03-31 09134404 frs-core:ShareCapital 2024-03-31 09134404 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 09134404 frs-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 09134404 frs-bus:FilletedAccounts 2023-04-01 2024-03-31 09134404 frs-bus:SmallEntities 2023-04-01 2024-03-31 09134404 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 09134404 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 09134404 frs-bus:OrdinaryShareClass1 2023-04-01 2024-03-31 09134404 frs-bus:OrdinaryShareClass1 2024-03-31 09134404 frs-bus:PreferenceShareClass1 2023-04-01 2024-03-31 09134404 frs-bus:PreferenceShareClass1 2024-03-31 09134404 frs-bus:Director1 2023-04-01 2024-03-31 09134404 frs-bus:Director2 2023-04-01 2024-03-31 09134404 frs-countries:EnglandWales 2023-04-01 2024-03-31 09134404 2022-03-31 09134404 2023-03-31 09134404 2022-04-01 2023-03-31 09134404 frs-core:CurrentFinancialInstruments 2023-03-31 09134404 frs-core:Non-currentFinancialInstruments 2023-03-31 09134404 frs-core:BetweenOneFiveYears 2023-03-31 09134404 frs-core:WithinOneYear 2023-03-31 09134404 frs-core:ShareCapital 2023-03-31 09134404 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31 09134404 frs-bus:OrdinaryShareClass1 2022-04-01 2023-03-31 09134404 frs-bus:PreferenceShareClass1 2022-04-01 2023-03-31
Registered number: 09134404
Robert Oulsnam and Company Limited
Unaudited Financial Statements
For The Year Ended 31 March 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—7
Page 1
Balance Sheet
Registered number: 09134404
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 896,137 982,861
Tangible Assets 5 234,903 348,608
1,131,040 1,331,469
CURRENT ASSETS
Stocks 6 461,000 461,000
Debtors 7 368,318 357,108
Cash at bank and in hand 2,115 9,232
831,433 827,340
Creditors: Amounts Falling Due Within One Year 8 (835,582 ) (542,553 )
NET CURRENT ASSETS (LIABILITIES) (4,149 ) 284,787
TOTAL ASSETS LESS CURRENT LIABILITIES 1,126,891 1,616,256
Creditors: Amounts Falling Due After More Than One Year 9 (354,825 ) (658,123 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (37,024 ) (37,024 )
NET ASSETS 735,042 921,109
CAPITAL AND RESERVES
Called up share capital 12 25,100 25,100
Profit and Loss Account 709,942 896,009
SHAREHOLDERS' FUNDS 735,042 921,109
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 A C Oulsnam
Director
10/03/2025
The notes on pages 3 to 7 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Robert Oulsnam and Company Limited is a private company, limited by shares, incorporated in England & Wales, registered number 09134404 . The registered office is 79 Hewell Road, Barnt Green, Birmingham, B45 8NL.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

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.
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. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of 20 years.
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:
Freehold 2% straight line
Motor Vehicles 20% straight line
Fixtures & Fittings 20% straight line
Computer Equipment 20% straight line
2.5. 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 profit and loss account as incurred.
2.6. 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.
Page 3
Page 4
2.7. Financial Instruments
The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic Financial Instruments

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Clasification of Financial Liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic Financial Liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.
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 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.
2.9. 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.
Page 4
Page 5
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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 90 (2023: 90)
90 90
4. Intangible Assets
Goodwill
£
Cost
As at 1 April 2023 1,734,469
As at 31 March 2024 1,734,469
Amortisation
As at 1 April 2023 751,608
Provided during the period 86,724
As at 31 March 2024 838,332
Net Book Value
As at 31 March 2024 896,137
As at 1 April 2023 982,861
5. Tangible Assets
Plant & Machinery etc.
£
Cost
As at 1 April 2023 636,817
Additions 10,929
Disposals (78,695 )
As at 31 March 2024 569,051
Depreciation
As at 1 April 2023 288,209
Provided during the period 109,398
Disposals (63,459 )
As at 31 March 2024 334,148
Net Book Value
As at 31 March 2024 234,903
As at 1 April 2023 348,608
Page 5
Page 6
6. Stocks
2024 2023
£ £
Work in progress 461,000 461,000
7. Debtors
2024 2023
£ £
Due within one year
Trade debtors 102,633 108,195
Other debtors 265,685 248,913
368,318 357,108
8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 156,391 71,224
Trade creditors 109,137 124,766
Bank loans and overdrafts 361,646 148,526
Other creditors 34,186 25,513
Taxation and social security 174,222 172,524
835,582 542,553
9. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts - 172,857
Bank loans 230,029 338,635
Directors loan account 124,796 146,631
354,825 658,123
10. Secured Creditors
Of the creditors falling due within and after more than one year the following amounts are secured.
Hire purchase creditors, included in other creditors, are securred on the asset.
Lloyds Bank Plc and Barclays Bank Plc each hold a fixed and floating charge over the property or undertaking of the company.
11. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year 156,391 71,224
Later than one year and not later than five years - 172,857
156,391 244,081
156,391 244,081
Page 6
Page 7
12. Share Capital
2024 2023
Allotted, called up and fully paid £ £
100 Ordinary Shares of £ 1.000 each 100 100
Preference Shares
2024 2023
Allotted, called up and fully paid £ £
25,000 Preference Shares of £ 1.000 each 25,000 25,000
Page 7