Acorah Software Products - Accounts Production 16.3.350 false true 31 January 2024 1 February 2023 false 1 February 2024 31 January 2025 31 January 2025 03695593 Mr A T Cripwell Mr R S Miller Mr A T Cripwell iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 03695593 2024-01-31 03695593 2025-01-31 03695593 2024-02-01 2025-01-31 03695593 frs-core:CurrentFinancialInstruments 2025-01-31 03695593 frs-core:ComputerEquipment 2025-01-31 03695593 frs-core:ComputerEquipment 2024-02-01 2025-01-31 03695593 frs-core:ComputerEquipment 2024-01-31 03695593 frs-core:FurnitureFittings 2025-01-31 03695593 frs-core:FurnitureFittings 2024-02-01 2025-01-31 03695593 frs-core:FurnitureFittings 2024-01-31 03695593 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2025-01-31 03695593 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-02-01 2025-01-31 03695593 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-01-31 03695593 frs-core:MotorVehicles 2025-01-31 03695593 frs-core:MotorVehicles 2024-02-01 2025-01-31 03695593 frs-core:MotorVehicles 2024-01-31 03695593 frs-core:ShareCapital 2025-01-31 03695593 frs-core:RetainedEarningsAccumulatedLosses 2025-01-31 03695593 frs-bus:PrivateLimitedCompanyLtd 2024-02-01 2025-01-31 03695593 frs-bus:FilletedAccounts 2024-02-01 2025-01-31 03695593 frs-bus:SmallEntities 2024-02-01 2025-01-31 03695593 frs-bus:AuditExempt-NoAccountantsReport 2024-02-01 2025-01-31 03695593 frs-bus:SmallCompaniesRegimeForAccounts 2024-02-01 2025-01-31 03695593 frs-bus:Director1 2024-02-01 2025-01-31 03695593 frs-bus:Director2 2024-02-01 2025-01-31 03695593 frs-bus:CompanySecretary1 2024-02-01 2025-01-31 03695593 frs-countries:EnglandWales 2024-02-01 2025-01-31 03695593 2023-01-31 03695593 2024-01-31 03695593 2023-02-01 2024-01-31 03695593 frs-core:CurrentFinancialInstruments 2024-01-31 03695593 frs-core:ShareCapital 2024-01-31 03695593 frs-core:RetainedEarningsAccumulatedLosses 2024-01-31
Registered number: 03695593
AV2000 Limited
Financial Statements
For The Year Ended 31 January 2025
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 03695593
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 5,145 7,155
5,145 7,155
CURRENT ASSETS
Stocks 5 31,144 49,204
Debtors 6 214,362 42,482
Cash at bank and in hand 178,367 286,770
423,873 378,456
Creditors: Amounts Falling Due Within One Year 7 (211,733 ) (92,887 )
NET CURRENT ASSETS (LIABILITIES) 212,140 285,569
TOTAL ASSETS LESS CURRENT LIABILITIES 217,285 292,724
PROVISIONS FOR LIABILITIES
Deferred Taxation (275 ) (682 )
NET ASSETS 217,010 292,042
CAPITAL AND RESERVES
Called up share capital 8 100 100
Profit and Loss Account 216,910 291,942
SHAREHOLDERS' FUNDS 217,010 292,042
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For the year ending 31 January 2025 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 T Cripwell
Director
Mr R S Miller
Director
29 April 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
AV2000 Limited is a private company, limited by shares, incorporated in England & Wales, registered number 03695593 . The registered office is 14 Beech Hill, Otley, West Yorkshire, LS21 3AX.
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.
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.
2.3. 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:
Leasehold 14% straight line
Motor Vehicles 25% reducing balance
Fixtures & Fittings 25% reducing balance
Computer Equipment 25% straight line
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
2.4. Leasing and Hire Purchase Contracts
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease. 
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.
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2.6. Financial Instruments
Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately.
Trade and other debtors that are receivable within one year and do not constitute a financing transaction are recorded at the undiscounted amount expected to be received, net of impairment.
Cash and cash equivalents comprise cash at bank and on hand.
Trade and other creditors are initially recognised at the transaction price and are thereafter stated at amortised cost using the effective interest method unless the effect of discounting would be immaterial, in which case they are stated at cost.
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. 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. The carrying amount of deferred tax assets is reviewed at the end of each reporting period.
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.
2.8. Pensions
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.
When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.
2.9. Government Grant
Government grants are recognised at the fair value of the asset received or receivable. Grants are not recognised until there is reasonable assurance that the company will comply with the condtions attaching to them and the grants will be received.
Government grants are recognised using the accruals model and the performance model.
Under the accruals model, government grants relating to revenue are recognised on a systematic basis over the periods in which the company recognises the related costs for which the grant is intended to compensate. Grants that receivable as compensation for expenses or losses already incurred or for the purpose of giving immediate financial support to the entity with no future related costs are recognised in income in the period in which it becomes receivable.
Grants relating to assets are recognised in income on a systematic basis over the expected useful life of the asset. Where part of a grant relating to an asset is deferred, it is recognised as deferred income and not deducted from the carrying amount of the asset.
Under the performance model, where the grant does not impose specified future performance related conditions on the recipient, it is recognised in income when the grant proceeds are received or receivable. Where the grant does impose specified future performance related conditions on the recipient, it is recognised in income only when the performance related conditions have been met. Where grants received are prior to satisfying the revenue recognition criteria, they are recognised as a liability.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 6 (2024: 6)
6 6
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4. Tangible Assets
Land & Property
Leasehold Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 February 2024 22,202 280 25,639 13,933 62,054
Additions - - - 657 657
Disposals - - (218 ) (940 ) (1,158 )
As at 31 January 2025 22,202 280 25,421 13,650 61,553
Depreciation
As at 1 February 2024 21,461 271 22,685 10,482 54,899
Provided during the period 566 3 737 1,312 2,618
Disposals - - (215 ) (894 ) (1,109 )
As at 31 January 2025 22,027 274 23,207 10,900 56,408
Net Book Value
As at 31 January 2025 175 6 2,214 2,750 5,145
As at 1 February 2024 741 9 2,954 3,451 7,155
Included above are assets held under finance leases or hire purchase contracts with a net book value as follows:
5. Stocks
2025 2024
£ £
Stock 31,144 49,204
6. Debtors
2025 2024
£ £
Due within one year
Trade debtors 191,266 34,144
Other debtors 23,096 8,338
214,362 42,482
7. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 83,003 31,965
Other creditors 67,491 23,722
Taxation and social security 61,239 37,200
211,733 92,887
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8. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 100 100
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