Acorah Software Products - Accounts Production 16.2.850 false true 31 March 2024 1 April 2023 false 1 April 2024 31 March 2025 31 March 2025 07010521 Mrs Julia Forrester Mr David Forrester iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 07010521 2024-03-31 07010521 2025-03-31 07010521 2024-04-01 2025-03-31 07010521 frs-core:CurrentFinancialInstruments 2025-03-31 07010521 frs-core:Non-currentFinancialInstruments 2025-03-31 07010521 frs-core:FurnitureFittings 2025-03-31 07010521 frs-core:FurnitureFittings 2024-04-01 2025-03-31 07010521 frs-core:FurnitureFittings 2024-03-31 07010521 frs-core:NetGoodwill 2025-03-31 07010521 frs-core:NetGoodwill 2024-04-01 2025-03-31 07010521 frs-core:NetGoodwill 2024-03-31 07010521 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2025-03-31 07010521 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-04-01 2025-03-31 07010521 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-03-31 07010521 frs-core:ShareCapital 2025-03-31 07010521 frs-core:RetainedEarningsAccumulatedLosses 2025-03-31 07010521 frs-bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 07010521 frs-bus:FilletedAccounts 2024-04-01 2025-03-31 07010521 frs-bus:SmallEntities 2024-04-01 2025-03-31 07010521 frs-bus:AuditExempt-NoAccountantsReport 2024-04-01 2025-03-31 07010521 frs-bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 07010521 frs-bus:Director1 2024-04-01 2025-03-31 07010521 frs-bus:Director2 2024-04-01 2025-03-31 07010521 frs-countries:EnglandWales 2024-04-01 2025-03-31 07010521 2023-03-31 07010521 2024-03-31 07010521 2023-04-01 2024-03-31 07010521 frs-core:CurrentFinancialInstruments 2024-03-31 07010521 frs-core:Non-currentFinancialInstruments 2024-03-31 07010521 frs-core:ShareCapital 2024-03-31 07010521 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31
Registered number: 07010521
Tax And Accounting Yorkshire Ltd
Unaudited Financial Statements
For The Year Ended 31 March 2025
TaxAssist Accountants
30 North Street
Keighley
BD21 3SE
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 07010521
2025 2024
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 1 1
Tangible Assets 5 24,514 20,655
24,515 20,656
CURRENT ASSETS
Stocks 6 19,150 25,500
Debtors 7 66,965 67,878
Cash at bank and in hand 108,346 77,354
194,461 170,732
Creditors: Amounts Falling Due Within One Year 8 (167,647 ) (132,738 )
NET CURRENT ASSETS (LIABILITIES) 26,814 37,994
TOTAL ASSETS LESS CURRENT LIABILITIES 51,329 58,650
Creditors: Amounts Falling Due After More Than One Year 9 (23,153 ) (29,302 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (6,128 ) (5,473 )
NET ASSETS 22,048 23,875
CAPITAL AND RESERVES
Called up share capital 10 380 380
Profit and Loss Account 21,668 23,495
SHAREHOLDERS' FUNDS 22,048 23,875
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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 David Forrester
Director
30th 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
Tax And Accounting Yorkshire Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 07010521 . The registered office is 30 North Street, Keighley, West Yorkshire, BD21 3SE.
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 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:
Leasehold 10% Straight Line
Fixtures & Fittings 25% Straight Line
2.5. Stocks and Work in Progress
Work in progress is valued at the realisable value after making due allowance for irrecoverable time. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.6. 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.
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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. 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.
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: 16 (2024: 14)
16 14
4. Intangible Assets
Goodwill
£
Cost
As at 1 April 2024 29,784
As at 31 March 2025 29,784
Amortisation
As at 1 April 2024 29,783
As at 31 March 2025 29,783
Net Book Value
As at 31 March 2025 1
As at 1 April 2024 1
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5. Tangible Assets
Land & Property
Leasehold Fixtures & Fittings Total
£ £ £
Cost
As at 1 April 2024 36,892 52,382 89,274
Additions - 11,181 11,181
As at 31 March 2025 36,892 63,563 100,455
Depreciation
As at 1 April 2024 36,892 31,727 68,619
Provided during the period - 7,322 7,322
As at 31 March 2025 36,892 39,049 75,941
Net Book Value
As at 31 March 2025 - 24,514 24,514
As at 1 April 2024 - 20,655 20,655
6. Stocks
2025 2024
£ £
Materials 500 500
Work in progress 18,650 25,000
19,150 25,500
7. Debtors
2025 2024
£ £
Due within one year
Trade debtors 44,167 56,383
Prepayments and accrued income 22,798 11,495
66,965 67,878
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8. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 2,216 948
Bank loans and overdrafts 15,367 5,000
Other creditors 31,028 43,328
Taxation and social security 119,036 83,462
167,647 132,738
9. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Bank loans 23,153 29,302
10. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 380 380
11. Related Party Transactions
On the 5th of May 2022 100% of the share capital of the company was sold to Tax and Accounting Yorkshire Employee Ownership Trust. The corporate trustee of the employee ownership trust is Tax and Accounting Yorkshire Trustees Limited.
During the period £150,000 (2024 £90,000) was gifted to the employee ownership trust from the company.
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