Acorah Software Products - Accounts Production 16.3.350 false true 31 March 2024 1 April 2023 false 1 April 2024 31 March 2025 31 March 2025 06180697 Mr Christopher Wilder Mrs Ellen Wilder Mr Christopher Wilder and Mrs Ellen Wilder false iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 06180697 2024-03-31 06180697 2025-03-31 06180697 2024-04-01 2025-03-31 06180697 frs-core:CurrentFinancialInstruments 2025-03-31 06180697 frs-core:Non-currentFinancialInstruments 2025-03-31 06180697 frs-core:BetweenOneFiveYears 2025-03-31 06180697 frs-core:ComputerEquipment 2025-03-31 06180697 frs-core:ComputerEquipment 2024-04-01 2025-03-31 06180697 frs-core:ComputerEquipment 2024-03-31 06180697 frs-core:FurnitureFittings 2025-03-31 06180697 frs-core:FurnitureFittings 2024-04-01 2025-03-31 06180697 frs-core:FurnitureFittings 2024-03-31 06180697 frs-core:NetGoodwill 2025-03-31 06180697 frs-core:NetGoodwill 2024-04-01 2025-03-31 06180697 frs-core:NetGoodwill 2024-03-31 06180697 frs-core:MotorVehicles 2025-03-31 06180697 frs-core:MotorVehicles 2024-04-01 2025-03-31 06180697 frs-core:MotorVehicles 2024-03-31 06180697 frs-core:WithinOneYear 2025-03-31 06180697 frs-core:ShareCapital 2025-03-31 06180697 frs-core:RetainedEarningsAccumulatedLosses 2025-03-31 06180697 frs-bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 06180697 frs-bus:FilletedAccounts 2024-04-01 2025-03-31 06180697 frs-bus:SmallEntities 2024-04-01 2025-03-31 06180697 frs-bus:AuditExempt-NoAccountantsReport 2024-04-01 2025-03-31 06180697 frs-bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 06180697 1 2024-04-01 2025-03-31 06180697 frs-core:DeferredTaxation 2024-04-01 2025-03-31 06180697 frs-core:DeferredTaxation 2024-03-31 06180697 frs-core:DeferredTaxation 2025-03-31 06180697 frs-core:AcceleratedTaxDepreciationDeferredTax 2025-03-31 06180697 frs-bus:Director1 2024-04-01 2025-03-31 06180697 frs-bus:Director1 2024-03-31 06180697 frs-bus:Director1 2025-03-31 06180697 frs-bus:Director2 2024-04-01 2025-03-31 06180697 frs-bus:Director2 2024-03-31 06180697 frs-bus:Director2 2025-03-31 06180697 frs-core:CurrentFinancialInstruments 1 2025-03-31 06180697 frs-countries:EnglandWales 2024-04-01 2025-03-31 06180697 2023-03-31 06180697 2024-03-31 06180697 2023-04-01 2024-03-31 06180697 frs-core:CurrentFinancialInstruments 2024-03-31 06180697 frs-core:Non-currentFinancialInstruments 2024-03-31 06180697 frs-core:BetweenOneFiveYears 2024-03-31 06180697 frs-core:WithinOneYear 2024-03-31 06180697 frs-core:ShareCapital 2024-03-31 06180697 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 06180697 frs-core:AcceleratedTaxDepreciationDeferredTax 2024-03-31 06180697 frs-core:CurrentFinancialInstruments 1 2024-03-31
Registered number: 06180697
1Fs Ltd
Financial Statements
For The Year Ended 31 March 2025
Simply Accounts
1 Queen's Park Road
Handbridge
Chester
Cheshire
CH4 7AD
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 06180697
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 5 47,820 50,585
47,820 50,585
CURRENT ASSETS
Debtors 6 36,993 45,362
Cash at bank and in hand 3,383 11,423
40,376 56,785
Creditors: Amounts Falling Due Within One Year 7 (40,068 ) (50,441 )
NET CURRENT ASSETS (LIABILITIES) 308 6,344
TOTAL ASSETS LESS CURRENT LIABILITIES 48,128 56,929
Creditors: Amounts Falling Due After More Than One Year 8 (779 ) (11,068 )
PROVISIONS FOR LIABILITIES
Deferred Taxation 11 (11,099 ) (9,611 )
NET ASSETS 36,250 36,250
CAPITAL AND RESERVES
Called up share capital 13 1,250 1,250
Profit and Loss Account 35,000 35,000
SHAREHOLDERS' FUNDS 36,250 36,250
Page 1
Page 2
For the year ending 31 March 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 Christopher Wilder
Director
09/05/2025
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
1Fs Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 06180697 . The registered office is 1, Queen's Park Road, Handbridge, Chester, Cheshire, CH4 7AD.
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 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 10 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:
Motor Vehicles 10% reducing balance
Fixtures & Fittings 10% reducing balance
Computer Equipment 10% reducing balance
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. 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.
...CONTINUED
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2.6. Taxation - continued
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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2024: 2)
2 2
4. Intangible Assets
Goodwill
£
Cost
As at 1 April 2024 22,500
As at 31 March 2025 22,500
Amortisation
As at 1 April 2024 22,500
As at 31 March 2025 22,500
Net Book Value
As at 31 March 2025 -
As at 1 April 2024 -
5. Tangible Assets
Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 April 2024 58,190 4,975 22,404 85,569
Additions - - 2,408 2,408
As at 31 March 2025 58,190 4,975 24,812 87,977
Depreciation
As at 1 April 2024 14,525 3,031 17,428 34,984
Provided during the period 4,366 194 613 5,173
As at 31 March 2025 18,891 3,225 18,041 40,157
Net Book Value
As at 31 March 2025 39,299 1,750 6,771 47,820
As at 1 April 2024 43,665 1,944 4,976 50,585
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6. Debtors
2025 2024
£ £
Due within one year
Prepayments and accrued income 285 285
Other debtors 35,000 35,001
Directors' loan accounts 1,708 10,076
36,993 45,362
7. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Net obligations under finance lease and hire purchase contracts 1,735 10,218
Bank loans and overdrafts 8,383 8,000
Corporation tax 21,263 21,857
Other taxes and social security 544 703
Other creditors - Credit card 295 1,815
Other creditors - Commissions 7,848 7,848
40,068 50,441
8. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Net obligations under finance lease and hire purchase contracts - 1,735
Bank loans > 1 year 779 9,333
779 11,068
9. Secured Creditors
Of the creditors the following amounts are secured.
2025 2024
£ £
Net obligations under finance lease and hire purchase contracts 1,735 11,953
10. Obligations Under Finance Leases and Hire Purchase
2025 2024
£ £
The future minimum finance lease payments are as follows:
Not later than one year 1,735 10,218
Later than one year and not later than five years - 1,735
1,735 11,953
1,735 11,953
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11. Deferred Taxation
The provision for deferred taxation is made up of accelerated capital allowances.
2025 2024
£ £
Accelerated capital allowances 11,099 9,611
12. Provisions for Liabilities
Deferred Tax Total
£ £
As at 1 April 2024 9,611 9,611
Deferred taxation 1,488 1,488
Balance at 31 March 2025 11,099 11,099
The provision for deferred taxation is made up of accelerated capital allowances.
13. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 1,250 1,250
14. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 April 2024 Amounts advanced Amounts repaid Amounts written off As at 31 March 2025
£ £ £ £ £
Mr Christopher Wilder 5,038 476 4,660 - 854
Mrs Ellen Wilder 5,038 475 4,660 - 854
The above loan is unsecured, interest free, and repayable on demand.
15. Dividends
2025 2024
£ £
On equity shares:
Interim dividend paid 49,000 70,573
Final dividend paid 17,445 -
66,445 70,573
16. Controlling Party
The company's controlling party is Mr Christopher Wilder and Mrs Ellen Wilder by virtue of their joint ownership of the issued share capital in the company.
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