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 04106436 Jason Holloway Mr Phillip Holloway Mrs Sandra Holloway iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 04106436 2024-03-31 04106436 2025-03-31 04106436 2024-04-01 2025-03-31 04106436 frs-core:CurrentFinancialInstruments 2025-03-31 04106436 frs-core:Non-currentFinancialInstruments 2025-03-31 04106436 frs-core:BetweenOneFiveYears 2025-03-31 04106436 frs-core:FurnitureFittings 2025-03-31 04106436 frs-core:FurnitureFittings 2024-04-01 2025-03-31 04106436 frs-core:FurnitureFittings 2024-03-31 04106436 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2025-03-31 04106436 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-04-01 2025-03-31 04106436 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-03-31 04106436 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2025-03-31 04106436 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-04-01 2025-03-31 04106436 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-03-31 04106436 frs-core:MotorVehicles 2025-03-31 04106436 frs-core:MotorVehicles 2024-04-01 2025-03-31 04106436 frs-core:MotorVehicles 2024-03-31 04106436 frs-core:PlantMachinery 2025-03-31 04106436 frs-core:PlantMachinery 2024-04-01 2025-03-31 04106436 frs-core:PlantMachinery 2024-03-31 04106436 frs-core:WithinOneYear 2025-03-31 04106436 frs-core:ShareCapital 2025-03-31 04106436 frs-core:RetainedEarningsAccumulatedLosses 2025-03-31 04106436 frs-bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 04106436 frs-bus:FilletedAccounts 2024-04-01 2025-03-31 04106436 frs-bus:SmallEntities 2024-04-01 2025-03-31 04106436 frs-bus:AuditExempt-NoAccountantsReport 2024-04-01 2025-03-31 04106436 frs-bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 04106436 frs-core:UnlistedNon-exchangeTraded 2025-03-31 04106436 frs-core:UnlistedNon-exchangeTraded 2024-03-31 04106436 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2024-03-31 04106436 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2025-03-31 04106436 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2024-03-31 04106436 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2025-03-31 04106436 frs-bus:Director1 2024-04-01 2025-03-31 04106436 frs-bus:Director2 2024-04-01 2025-03-31 04106436 frs-bus:Director3 2024-04-01 2025-03-31 04106436 frs-core:CurrentFinancialInstruments 1 2025-03-31 04106436 frs-core:CurrentFinancialInstruments 2 2025-03-31 04106436 frs-core:CurrentFinancialInstruments 3 2025-03-31 04106436 frs-countries:EnglandWales 2024-04-01 2025-03-31 04106436 2023-03-31 04106436 2024-03-31 04106436 2023-04-01 2024-03-31 04106436 frs-core:CurrentFinancialInstruments 2024-03-31 04106436 frs-core:Non-currentFinancialInstruments 2024-03-31 04106436 frs-core:BetweenOneFiveYears 2024-03-31 04106436 frs-core:WithinOneYear 2024-03-31 04106436 frs-core:ShareCapital 2024-03-31 04106436 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 04106436 frs-core:CurrentFinancialInstruments 1 2024-03-31 04106436 frs-core:CurrentFinancialInstruments 2 2024-03-31 04106436 frs-core:CurrentFinancialInstruments 3 2024-03-31
Registered number: 04106436
Ferndown Finishing Limited
Unaudited Financial Statements
For The Year Ended 31 March 2025
Artema Ltd
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 04106436
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 901,923 963,339
Investments 5 1,000 1,000
902,923 964,339
CURRENT ASSETS
Stocks 6 30,000 30,000
Debtors 7 662,007 651,271
Cash at bank and in hand 93,699 97,293
785,706 778,564
Creditors: Amounts Falling Due Within One Year 8 (297,777 ) (320,658 )
NET CURRENT ASSETS (LIABILITIES) 487,929 457,906
TOTAL ASSETS LESS CURRENT LIABILITIES 1,390,852 1,422,245
Creditors: Amounts Falling Due After More Than One Year 9 (239,991 ) (332,364 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (121,964 ) (104,160 )
NET ASSETS 1,028,897 985,721
CAPITAL AND RESERVES
Called up share capital 12 400,000 400,000
Profit and Loss Account 628,897 585,721
SHAREHOLDERS' FUNDS 1,028,897 985,721
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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
Jason Holloway
Director
20/05/2025
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
Ferndown Finishing Limited is a private company, limited by shares, incorporated in England & Wales, registered number 04106436 . The registered office is 12 Cobham Road, Ferndown Industrial Estate, Ferndown, Dorset, BH21 7PS.
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:
Freehold 2% on cost
Leasehold 10% on reducing balance
Plant & Machinery 10% on reducing balance
Motor Vehicles 25% on reducing balance
Fixtures & Fittings 15% on reducing balance
2.4. 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.
2.5. 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. 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: 26 (2024: 27)
26 27
4. Tangible Assets
Land & Property
Freehold Leasehold Plant & Machinery Motor Vehicles
£ £ £ £
Cost
As at 1 April 2024 503,114 145,066 1,139,522 59,644
Additions - - 10,467 374
As at 31 March 2025 503,114 145,066 1,149,989 60,018
Depreciation
As at 1 April 2024 105,553 126,276 630,783 33,988
Provided during the period 10,062 1,879 51,921 6,506
As at 31 March 2025 115,615 128,155 682,704 40,494
Net Book Value
As at 31 March 2025 387,499 16,911 467,285 19,524
As at 1 April 2024 397,561 18,790 508,739 25,656
Fixtures & Fittings Total
£ £
Cost
As at 1 April 2024 81,625 1,928,971
Additions - 10,841
As at 31 March 2025 81,625 1,939,812
...CONTINUED
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Page 5
Depreciation
As at 1 April 2024 69,032 965,632
Provided during the period 1,889 72,257
As at 31 March 2025 70,921 1,037,889
Net Book Value
As at 31 March 2025 10,704 901,923
As at 1 April 2024 12,593 963,339
5. Investments
Unlisted
£
Cost
As at 1 April 2024 1,000
As at 31 March 2025 1,000
Provision
As at 1 April 2024 -
As at 31 March 2025 -
Net Book Value
As at 31 March 2025 1,000
As at 1 April 2024 1,000
6. Stocks
2025 2024
£ £
Materials 30,000 30,000
7. Debtors
2025 2024
£ £
Due within one year
Trade debtors 262,932 258,959
Prepayments and accrued income 52,433 61,509
Other debtors 8,250 8,250
Staff loan - 1,224
Amount due from associate 260,944 260,944
Due from subsidiary 54,216 57,144
Net wages 1 151
Directors' loan accounts 23,231 3,090
662,007 651,271
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8. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Net obligations under finance lease and hire purchase contracts 4,420 4,421
Trade creditors 95,816 118,522
Bank loans and overdrafts 87,229 87,230
Other taxes and social security 17,746 23,541
VAT 74,819 66,942
Other creditors 606 594
Pension creditor 4,060 4,144
Accruals and deferred income 13,081 15,264
297,777 320,658
9. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Net obligations under finance lease and hire purchase contracts 13,374 17,794
Bank loans 226,617 314,570
239,991 332,364
10. Secured Creditors
Of the creditors the following amounts are secured.
2025 2024
£ £
Bank loans and overdrafts 313,846 401,800
11. Obligations Under Finance Leases and Hire Purchase
2025 2024
£ £
The future minimum finance lease payments are as follows:
Not later than one year 4,420 4,421
Later than one year and not later than five years 13,374 17,794
17,794 22,215
17,794 22,215
12. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 400,000 400,000
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