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 03931199 Mr Michael Linnell Mr Michael Linnell Mrs Sharon Manning iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 03931199 2024-03-31 03931199 2025-03-31 03931199 2024-04-01 2025-03-31 03931199 frs-core:CurrentFinancialInstruments 2025-03-31 03931199 frs-core:ComputerEquipment 2025-03-31 03931199 frs-core:ComputerEquipment 2024-04-01 2025-03-31 03931199 frs-core:ComputerEquipment 2024-03-31 03931199 frs-core:FurnitureFittings 2025-03-31 03931199 frs-core:FurnitureFittings 2024-04-01 2025-03-31 03931199 frs-core:FurnitureFittings 2024-03-31 03931199 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2025-03-31 03931199 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-04-01 2025-03-31 03931199 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-03-31 03931199 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2025-03-31 03931199 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-04-01 2025-03-31 03931199 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-03-31 03931199 frs-core:MotorVehicles 2025-03-31 03931199 frs-core:MotorVehicles 2024-04-01 2025-03-31 03931199 frs-core:MotorVehicles 2024-03-31 03931199 frs-core:PlantMachinery 2025-03-31 03931199 frs-core:PlantMachinery 2024-04-01 2025-03-31 03931199 frs-core:PlantMachinery 2024-03-31 03931199 frs-core:RevaluationReserve 2024-04-01 2025-03-31 03931199 frs-core:RevaluationReserve 2024-03-31 03931199 frs-core:RevaluationReserve 2025-03-31 03931199 frs-core:ShareCapital 2025-03-31 03931199 frs-core:RetainedEarningsAccumulatedLosses 2025-03-31 03931199 frs-bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 03931199 frs-bus:FilletedAccounts 2024-04-01 2025-03-31 03931199 frs-bus:SmallEntities 2024-04-01 2025-03-31 03931199 frs-bus:AuditExempt-NoAccountantsReport 2024-04-01 2025-03-31 03931199 frs-bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 03931199 frs-bus:OrdinaryShareClass2 2024-04-01 2025-03-31 03931199 frs-bus:OrdinaryShareClass2 2025-03-31 03931199 frs-bus:OrdinaryShareClass3 2024-04-01 2025-03-31 03931199 frs-bus:OrdinaryShareClass3 2025-03-31 03931199 frs-bus:OrdinaryShareClass4 2024-04-01 2025-03-31 03931199 frs-bus:OrdinaryShareClass4 2025-03-31 03931199 frs-bus:OrdinaryShareClass5 2024-04-01 2025-03-31 03931199 frs-bus:OrdinaryShareClass5 2025-03-31 03931199 frs-core:DeferredTaxation 2024-04-01 2025-03-31 03931199 frs-core:DeferredTaxation 2024-03-31 03931199 frs-core:DeferredTaxation 2025-03-31 03931199 frs-core:CostValuation 2024-03-31 03931199 frs-core:CostValuation 2025-03-31 03931199 frs-core:ProvisionsForImpairmentInvestments 2024-03-31 03931199 frs-core:ProvisionsForImpairmentInvestments 2025-03-31 03931199 frs-bus:Director1 2024-04-01 2025-03-31 03931199 frs-bus:Director1 2024-03-31 03931199 frs-bus:Director1 2025-03-31 03931199 frs-bus:Director2 2024-04-01 2025-03-31 03931199 frs-bus:Director3 2024-04-01 2025-03-31 03931199 frs-countries:EnglandWales 2024-04-01 2025-03-31 03931199 2023-03-31 03931199 2024-03-31 03931199 2023-04-01 2024-03-31 03931199 frs-core:CurrentFinancialInstruments 2024-03-31 03931199 frs-core:RevaluationReserve 2024-03-31 03931199 frs-core:ShareCapital 2024-03-31 03931199 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 03931199 frs-bus:OrdinaryShareClass2 2023-04-01 2024-03-31 03931199 frs-bus:OrdinaryShareClass3 2023-04-01 2024-03-31 03931199 frs-bus:OrdinaryShareClass4 2023-04-01 2024-03-31 03931199 frs-bus:OrdinaryShareClass5 2023-04-01 2024-03-31
Registered number: 03931199
Michael Linnell And Co. Ltd
Unaudited Financial Statements
For The Year Ended 31 March 2025
Denmark Forrester Limited
Chartered Accountant and Registered Auditor
Office 12 Bentalls Centre
Colchester Road
Maldon
Essex
CM9 4GD
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—8
Page 1
Balance Sheet
Registered number: 03931199
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 930,847 941,510
Investment Properties 5 750,000 860,000
Investments 6 2 2
1,680,849 1,801,512
CURRENT ASSETS
Stocks 7 131,007 57,586
Debtors 8 1,710,459 1,602,318
Cash at bank and in hand 520,346 679,822
2,361,812 2,339,726
Creditors: Amounts Falling Due Within One Year 9 (77,435 ) (57,067 )
NET CURRENT ASSETS (LIABILITIES) 2,284,377 2,282,659
TOTAL ASSETS LESS CURRENT LIABILITIES 3,965,226 4,084,171
PROVISIONS FOR LIABILITIES
Deferred Taxation 10 (4,183 ) (15,622 )
NET ASSETS 3,961,043 4,068,549
CAPITAL AND RESERVES
Called up share capital 12 125 125
Revaluation reserve 14 96,129 195,630
Profit and Loss Account 3,864,789 3,872,794
SHAREHOLDERS' FUNDS 3,961,043 4,068,549
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 Michael Linnell
Director
19th May 2025
The notes on pages 3 to 8 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Michael Linnell And Co. Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 03931199 . The registered office is Drakes Lane, Boreham, Chelmsford, Essex, CM3 3BE.
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 Not Depreciated
Leasehold 10% Staright Line
Plant & Machinery 25% Reducing Balance
Motor Vehicles 25% Reducing Balance
Fixtures & Fittings 25% Reducing Balance
Computer Equipment 33% Straight Line
2.4. Investment Properties
All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.
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. 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.
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 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: 2 (2024: 5)
2 5
4. Tangible Assets
Land & Property
Freehold Leasehold Plant & Machinery Motor Vehicles
£ £ £ £
Cost or Valuation
As at 1 April 2024 890,329 69,025 85,018 16,695
Additions - - - -
As at 31 March 2025 890,329 69,025 85,018 16,695
...CONTINUED
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Page 5
Depreciation
As at 1 April 2024 - 38,337 69,982 16,501
Provided during the period - 6,902 3,759 49
As at 31 March 2025 - 45,239 73,741 16,550
Net Book Value
As at 31 March 2025 890,329 23,786 11,277 145
As at 1 April 2024 890,329 30,688 15,036 194
Fixtures & Fittings Computer Equipment Total
£ £ £
Cost or Valuation
As at 1 April 2024 35,564 - 1,096,631
Additions - 2,035 2,035
As at 31 March 2025 35,564 2,035 1,098,666
Depreciation
As at 1 April 2024 30,301 - 155,121
Provided during the period 1,316 672 12,698
As at 31 March 2025 31,617 672 167,819
Net Book Value
As at 31 March 2025 3,947 1,363 930,847
As at 1 April 2024 5,263 - 941,510
Cost or valuation as at 31 March 2025 represented by:
Land & Property
Freehold Leasehold Plant & Machinery Motor Vehicles
£ £ £ £
At cost 890,329 69,025 85,018 16,695
890,329 69,025 85,018 16,695
Fixtures & Fittings Computer Equipment Total
£ £ £
At cost 35,564 2,035 1,098,666
35,564 2,035 1,098,666
The invstment properties were valued by the directors on an open market value for existing use basis.
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5. Investment Property
2025
£
Fair Value
As at 1 April 2024 860,000
Revaluations (110,000)
As at 31 March 2025 750,000
6. Investments
Subsidiaries
£
Cost
As at 1 April 2024 2
As at 31 March 2025 2
Provision
As at 1 April 2024 -
As at 31 March 2025 -
Net Book Value
As at 31 March 2025 2
As at 1 April 2024 2
7. Stocks
2025 2024
£ £
Stock 131,007 57,586
8. Debtors
2025 2024
£ £
Due within one year
Trade debtors 168,078 95,471
Amounts owed by group undertakings 1,500,000 1,500,000
Other debtors 42,381 6,847
1,710,459 1,602,318
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9. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 30,066 21,838
Bank loans and overdrafts - 8
Other creditors 6,048 6,030
Taxation and social security 41,321 29,191
77,435 57,067
10. Deferred Taxation
Deferred tax represents accellerated capital allowances.
Other deferred tax represents deferred tax on the investment property.
2025 2024
£ £
Other timing differences 4,183 15,622
11. Provisions for Liabilities
Deferred Tax Total
£ £
As at 1 April 2024 15,622 15,622
Deferred taxation (11,439 ) (11,439 )
Balance at 31 March 2025 4,183 4,183
12. Share Capital
2025 2024
Allotted, called up but not fully paid £ £
37 Ordinary A shares of £ 1.00 each 37 37
30 Ordinary B shares of £ 1.00 each 30 30
27 Ordinary C shares of £ 1.00 each 27 27
27 Ordinary D shares of £ 1.00 each 27 27
2 Ordinary E shares of £ 1.00 each 2 2
2 Ordinary F shares of £ 1.00 each 2 2
125 125
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13. 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 Michael Linnell 4 - - - -
The above loan is unsecured, interest free and repayable on demand.
14. Reserves
Revaluation Reserve
£
As at 1 April 2024 195,630
Transfer to profit and loss (99,501 )
As at 31 March 2025 96,129
15. Related Party Transactions
At the year end date, the company was owed £1,500,000 by compaies under the control of the directors.
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