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 04490565 Mr Clifford Fitzpatrick Mr Nigel Downing Mr Brian Helweg-Larsen Mrs Elizabeth Helweg-Larsen Mr Richard Crawshay Mr Graham Hutchings Mrs Elizabeth Helweg-Larsen iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 04490565 2024-03-31 04490565 2025-03-31 04490565 2024-04-01 2025-03-31 04490565 frs-core:CurrentFinancialInstruments 2025-03-31 04490565 frs-core:Non-currentFinancialInstruments 2025-03-31 04490565 frs-core:ComputerEquipment 2025-03-31 04490565 frs-core:ComputerEquipment 2024-04-01 2025-03-31 04490565 frs-core:ComputerEquipment 2024-03-31 04490565 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2025-03-31 04490565 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2024-04-01 2025-03-31 04490565 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2024-03-31 04490565 frs-core:FurnitureFittings 2025-03-31 04490565 frs-core:FurnitureFittings 2024-04-01 2025-03-31 04490565 frs-core:FurnitureFittings 2024-03-31 04490565 frs-core:NetGoodwill 2025-03-31 04490565 frs-core:NetGoodwill 2024-04-01 2025-03-31 04490565 frs-core:NetGoodwill 2024-03-31 04490565 frs-core:OtherReservesSubtotal 2025-03-31 04490565 frs-core:ShareCapital 2025-03-31 04490565 frs-core:RetainedEarningsAccumulatedLosses 2025-03-31 04490565 frs-bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 04490565 frs-bus:FilletedAccounts 2024-04-01 2025-03-31 04490565 frs-bus:SmallEntities 2024-04-01 2025-03-31 04490565 frs-bus:AuditExempt-NoAccountantsReport 2024-04-01 2025-03-31 04490565 frs-bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 04490565 frs-core:UnlistedNon-exchangeTraded 2025-03-31 04490565 frs-core:UnlistedNon-exchangeTraded 2024-03-31 04490565 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2024-03-31 04490565 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2025-03-31 04490565 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2024-03-31 04490565 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2025-03-31 04490565 frs-bus:Director1 2024-04-01 2025-03-31 04490565 frs-bus:Director2 2024-04-01 2025-03-31 04490565 frs-bus:Director3 2024-04-01 2025-03-31 04490565 frs-bus:Director4 2024-04-01 2025-03-31 04490565 frs-bus:Director5 2024-04-01 2025-03-31 04490565 frs-bus:Director6 2024-04-01 2025-03-31 04490565 frs-bus:CompanySecretary1 2024-04-01 2025-03-31 04490565 frs-countries:EnglandWales 2024-04-01 2025-03-31 04490565 2023-03-31 04490565 2024-03-31 04490565 2023-04-01 2024-03-31 04490565 frs-core:CurrentFinancialInstruments 2024-03-31 04490565 frs-core:Non-currentFinancialInstruments 2024-03-31 04490565 frs-core:OtherReservesSubtotal 2024-03-31 04490565 frs-core:ShareCapital 2024-03-31 04490565 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31
Registered number: 04490565
Profitability Business Simulations Limited
Unaudited Financial Statements
For The Year Ended 31 March 2025
Parry and Parry Limited
3 Wellington Court
Wellington Street
Cambridge
CB1 1HZ
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 04490565
2025 2024
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 242,835 361,653
Tangible Assets 5 5,252 11,136
Investments 6 648 648
248,735 373,437
CURRENT ASSETS
Stocks 7 2,738 1,649
Debtors 8 326,996 204,430
Cash at bank and in hand 107,077 170,036
436,811 376,115
Creditors: Amounts Falling Due Within One Year 9 (516,702 ) (596,485 )
NET CURRENT ASSETS (LIABILITIES) (79,891 ) (220,370 )
TOTAL ASSETS LESS CURRENT LIABILITIES 168,844 153,067
Creditors: Amounts Falling Due After More Than One Year 10 (98,929 ) (125,206 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (53,654 ) (52,961 )
NET ASSETS/(LIABILITIES) 16,261 (25,100 )
CAPITAL AND RESERVES
Called up share capital 11 2,000 2,000
Other reserves 96,619 92,967
Profit and Loss Account (82,358 ) (120,067 )
SHAREHOLDERS' FUNDS 16,261 (25,100)
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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 Graham Hutchings
Director
15/05/2025
The notes on pages 3 to 6 form part of these financial statements.
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Page 3
Notes to the Financial Statements
1. General Information
Profitability Business Simulations Limited is a private company, limited by shares, incorporated in England & Wales, registered number 04490565 . The registered office is The Wooden Barn, Little Baldon, Oxford, Oxfordshire, OX44 9PU.
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. This has been fully amortised at the balance sheet date.
2.4. Research and Development
Expenditure on research and development is written off in the year it is incurred, unless the outcome of this expenditure is intellectual property which the directors believe can be sold as products to current and future clients. Development IP is amortised over 5 years.
2.5. 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:
Fixtures & Fittings 3 years
Computer Equipment 3 years
2.6. 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.
2.7. 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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2.8. 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: 11 (2024: 10)
11 10
4. Intangible Assets
Goodwill Development Costs Total
£ £ £
Cost
As at 1 April 2024 700,000 705,837 1,405,837
As at 31 March 2025 700,000 705,837 1,405,837
Amortisation
As at 1 April 2024 700,000 344,184 1,044,184
Provided during the period - 118,818 118,818
As at 31 March 2025 700,000 463,002 1,163,002
Net Book Value
As at 31 March 2025 - 242,835 242,835
As at 1 April 2024 - 361,653 361,653
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5. Tangible Assets
Fixtures & Fittings Computer Equipment Total
£ £ £
Cost
As at 1 April 2024 326,196 9,800 335,996
Additions - 1,005 1,005
As at 31 March 2025 326,196 10,805 337,001
Depreciation
As at 1 April 2024 322,770 2,090 324,860
Provided during the period 3,281 3,608 6,889
As at 31 March 2025 326,051 5,698 331,749
Net Book Value
As at 31 March 2025 145 5,107 5,252
As at 1 April 2024 3,426 7,710 11,136
6. Investments
Unlisted
£
Cost
As at 1 April 2024 648
As at 31 March 2025 648
Provision
As at 1 April 2024 -
As at 31 March 2025 -
Net Book Value
As at 31 March 2025 648
As at 1 April 2024 648
7. Stocks
2025 2024
£ £
Stock 2,738 1,649
8. Debtors
2025 2024
£ £
Due within one year
Trade debtors 309,582 186,542
Prepayments and accrued income - 2,550
Other debtors 17,414 15,338
326,996 204,430
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9. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 62,907 94,386
Bank loans and overdrafts 16,990 131,516
Corporation tax 15,416 38
Other taxes and social security 14,902 37,991
Net wages 20,826 -
Other creditors 36,141 25,123
Accruals and deferred income 293,782 251,693
Directors' loan accounts 55,738 55,738
516,702 596,485
10. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Bank loans 98,929 125,206
11. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 2,000 2,000
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