Acorah Software Products - Accounts Production 16.3.350 false true 31 December 2023 1 January 2023 false 1 January 2024 31 December 2024 31 December 2024 09836261 Mr Graham Temple Mrs Rebecca Temple Mr Ronald Temple Mrs Sarah Temple Mr Delwin Pallister iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 09836261 2023-12-31 09836261 2024-12-31 09836261 2024-01-01 2024-12-31 09836261 frs-core:CurrentFinancialInstruments 2024-12-31 09836261 frs-core:ComputerEquipment 2024-12-31 09836261 frs-core:ComputerEquipment 2024-01-01 2024-12-31 09836261 frs-core:ComputerEquipment 2023-12-31 09836261 frs-core:CopyrightsPatentsTrademarksServiceOperatingRights 2024-12-31 09836261 frs-core:CopyrightsPatentsTrademarksServiceOperatingRights 2024-01-01 2024-12-31 09836261 frs-core:CopyrightsPatentsTrademarksServiceOperatingRights 2023-12-31 09836261 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2024-01-01 2024-12-31 09836261 frs-core:FurnitureFittings 2024-12-31 09836261 frs-core:FurnitureFittings 2024-01-01 2024-12-31 09836261 frs-core:FurnitureFittings 2023-12-31 09836261 frs-core:NetGoodwill 2024-12-31 09836261 frs-core:NetGoodwill 2024-01-01 2024-12-31 09836261 frs-core:NetGoodwill 2023-12-31 09836261 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-12-31 09836261 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-01-01 2024-12-31 09836261 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-12-31 09836261 frs-core:MotorVehicles 2024-12-31 09836261 frs-core:MotorVehicles 2024-01-01 2024-12-31 09836261 frs-core:MotorVehicles 2023-12-31 09836261 frs-core:OtherResidualIntangibleAssets 2024-12-31 09836261 frs-core:OtherResidualIntangibleAssets 2024-01-01 2024-12-31 09836261 frs-core:OtherResidualIntangibleAssets 2023-12-31 09836261 frs-core:PlantMachinery 2024-12-31 09836261 frs-core:PlantMachinery 2024-01-01 2024-12-31 09836261 frs-core:PlantMachinery 2023-12-31 09836261 frs-core:ShareCapital 2024-12-31 09836261 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 09836261 frs-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 09836261 frs-bus:FilletedAccounts 2024-01-01 2024-12-31 09836261 frs-bus:SmallEntities 2024-01-01 2024-12-31 09836261 frs-bus:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 09836261 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 09836261 frs-bus:Director1 2024-01-01 2024-12-31 09836261 frs-bus:Director2 2024-01-01 2024-12-31 09836261 frs-bus:Director3 2024-01-01 2024-12-31 09836261 frs-bus:Director4 2024-01-01 2024-12-31 09836261 frs-bus:Director5 2024-01-01 2024-12-31 09836261 frs-countries:EnglandWales 2024-01-01 2024-12-31 09836261 2022-12-31 09836261 2023-12-31 09836261 2023-01-01 2023-12-31 09836261 frs-core:CurrentFinancialInstruments 2023-12-31 09836261 frs-core:ShareCapital 2023-12-31 09836261 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31
Registered number: 09836261
Arrow Group Global Ltd
Unaudited Financial Statements
For The Year Ended 31 December 2024
Montacs
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 09836261
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 11,385 40,392
Tangible Assets 5 220,146 289,555
231,531 329,947
CURRENT ASSETS
Stocks 6 1,607,475 1,409,720
Debtors 7 3,128,961 1,435,319
Cash at bank and in hand 628,180 764,780
5,364,616 3,609,819
Creditors: Amounts Falling Due Within One Year 8 (3,747,759 ) (1,824,257 )
NET CURRENT ASSETS (LIABILITIES) 1,616,857 1,785,562
TOTAL ASSETS LESS CURRENT LIABILITIES 1,848,388 2,115,509
PROVISIONS FOR LIABILITIES
Deferred Taxation (40,739 ) (72,389 )
NET ASSETS 1,807,649 2,043,120
CAPITAL AND RESERVES
Called up share capital 9 1,300 1,300
Profit and Loss Account 1,806,349 2,041,820
SHAREHOLDERS' FUNDS 1,807,649 2,043,120
Page 1
Page 2
For the year ending 31 December 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 Delwin Pallister
Director
30/04/2025
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
Arrow Group Global Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 09836261 . The registered office is Compass House, Waveney Drive, Lowestoft, Suffolk, NR33 0TP.
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. 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 5 years.
2.4. Intangible Fixed Assets and Amortisation - Other Intangible
Other intangible assets are computer software. It is amortised to profit and loss account at 40% on a reducing balance basis
2.5. Intangible Fixed Assets and Amortisation - Intellectual Property
Intellectual property assets are patents and licences. It is amortised to the profit and loss account over its estimated economic life of 5 years.
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 20% Reducing Balance
Plant & Machinery 20% Reducing Balance
Motor Vehicles 25% Reducing Balance
Fixtures & Fittings 20% Reducing Balance
Computer Equipment 40% Reducing Balance
Leasehold Land & Buildings depreciated in accordance with the property
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.
Page 3
Page 4
2.9. 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 and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 33 (2023: 36)
33 36
4. Intangible Assets
Goodwill Other Intellectual Property Total
£ £ £ £
Cost
As at 1 January 2024 138,500 55,933 98,886 293,319
As at 31 December 2024 138,500 55,933 98,886 293,319
Amortisation
As at 1 January 2024 119,542 51,576 81,809 252,927
Provided during the period 17,500 1,743 9,764 29,007
As at 31 December 2024 137,042 53,319 91,573 281,934
Net Book Value
As at 31 December 2024 1,458 2,614 7,313 11,385
As at 1 January 2024 18,958 4,357 17,077 40,392
Page 4
Page 5
5. Tangible Assets
Land & Property
Leasehold Plant & Machinery Motor Vehicles Fixtures & Fittings
£ £ £ £
Cost
As at 1 January 2024 272,592 146,404 125,956 91,452
Additions - 6,013 - 441
Disposals (198 ) (216 ) - -
As at 31 December 2024 272,394 152,201 125,956 91,893
Depreciation
As at 1 January 2024 155,973 78,863 94,821 42,272
Provided during the period 37,656 14,638 7,784 9,983
Disposals (198 ) (216 ) - -
As at 31 December 2024 193,431 93,285 102,605 52,255
Net Book Value
As at 31 December 2024 78,963 58,916 23,351 39,638
As at 1 January 2024 116,619 67,541 31,135 49,180
Computer Equipment Total
£ £
Cost
As at 1 January 2024 74,911 711,315
Additions 5,866 12,320
Disposals (10,842 ) (11,256 )
As at 31 December 2024 69,935 712,379
Depreciation
As at 1 January 2024 49,831 421,760
Provided during the period 11,668 81,729
Disposals (10,842 ) (11,256 )
As at 31 December 2024 50,657 492,233
Net Book Value
As at 31 December 2024 19,278 220,146
As at 1 January 2024 25,080 289,555
6. Stocks
2024 2023
£ £
Stock 1,607,475 1,409,720
Page 5
Page 6
7. Debtors
2024 2023
£ £
Due within one year
Trade debtors 900,863 1,037,921
Prepayments and accrued income 149,602 128,069
Other debtors 68,496 183,496
Directors' loan accounts - 85,833
Amounts owed by group undertakings 2,010,000 -
3,128,961 1,435,319
8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 400,648 359,028
Bank loans and overdrafts 6,818 7,342
Corporation tax 130,761 218,794
Other taxes and social security 33,486 35,483
VAT 258,622 234,041
Other creditors 6,304 5,654
Accruals and deferred income 235,357 261,513
Directors' loan accounts 2,091,715 103,312
Amounts owed to group undertakings 584,048 599,090
3,747,759 1,824,257
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1,300 1,300
Page 6