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 08962001 Mr T Ireland Mr I Townsend iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 08962001 2024-03-31 08962001 2025-03-31 08962001 2024-04-01 2025-03-31 08962001 frs-core:CurrentFinancialInstruments 2025-03-31 08962001 frs-core:Non-currentFinancialInstruments 2025-03-31 08962001 frs-core:ComputerEquipment 2025-03-31 08962001 frs-core:ComputerEquipment 2024-04-01 2025-03-31 08962001 frs-core:ComputerEquipment 2024-03-31 08962001 frs-core:NetGoodwill 2025-03-31 08962001 frs-core:NetGoodwill 2024-04-01 2025-03-31 08962001 frs-core:NetGoodwill 2024-03-31 08962001 frs-core:PlantMachinery 2025-03-31 08962001 frs-core:PlantMachinery 2024-04-01 2025-03-31 08962001 frs-core:PlantMachinery 2024-03-31 08962001 frs-core:CapitalRedemptionReserve 2025-03-31 08962001 frs-core:ShareCapital 2025-03-31 08962001 frs-core:RetainedEarningsAccumulatedLosses 2025-03-31 08962001 frs-bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 08962001 frs-bus:FilletedAccounts 2024-04-01 2025-03-31 08962001 frs-bus:SmallEntities 2024-04-01 2025-03-31 08962001 frs-bus:AuditExempt-NoAccountantsReport 2024-04-01 2025-03-31 08962001 frs-bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 08962001 frs-bus:Director1 2024-04-01 2025-03-31 08962001 frs-bus:Director2 2024-04-01 2025-03-31 08962001 frs-countries:EnglandWales 2024-04-01 2025-03-31 08962001 2023-03-31 08962001 2024-03-31 08962001 2023-04-01 2024-03-31 08962001 frs-core:CurrentFinancialInstruments 2024-03-31 08962001 frs-core:Non-currentFinancialInstruments 2024-03-31 08962001 frs-core:CapitalRedemptionReserve 2024-03-31 08962001 frs-core:ShareCapital 2024-03-31 08962001 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31
Registered number: 08962001
Blore Edwards Limited
Unaudited Financial Statements
For The Year Ended 31 March 2025
Contents
Page
Statement of Financial Position 1—2
Notes to the Financial Statements 3—5
Page 1
Statement of Financial Position
Registered number: 08962001
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 5 - 44,714
- 44,714
CURRENT ASSETS
Stocks 6 40,000 93,530
Debtors 7 157,056 78,982
Cash at bank and in hand 13,655 8,535
210,711 181,047
Creditors: Amounts Falling Due Within One Year 8 (142,312 ) (104,526 )
NET CURRENT ASSETS (LIABILITIES) 68,399 76,521
TOTAL ASSETS LESS CURRENT LIABILITIES 68,399 121,235
Creditors: Amounts Falling Due After More Than One Year 9 (2,491 ) (30,394 )
NET ASSETS 65,908 90,841
CAPITAL AND RESERVES
Called up share capital 10 90 90
Capital redemption reserve 10 10
Income Statement 65,808 90,741
SHAREHOLDERS' FUNDS 65,908 90,841
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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 Income Statement.
On behalf of the board
Mr I Townsend
Director
21/05/2025
The notes on pages 3 to 5 form part of these financial statements.
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Page 3
Notes to the Financial Statements
1. General Information
Blore Edwards Limited is a private company, limited by shares, incorporated in England & Wales, registered number 08962001 . The registered office is Unit 13, Victoria Avenue Industrial Estate, SWANAGE, Dorset, BH19 1BJ.
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 income statement over its estimated economic life of two 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:
Plant & Machinery 25% RB
Computer Equipment 25% SL
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.
2.6. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position 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 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: 8 (2024: 10)
8 10
4. Intangible Assets
Goodwill
£
Cost
As at 1 April 2024 44,000
As at 31 March 2025 44,000
Amortisation
As at 1 April 2024 44,000
As at 31 March 2025 44,000
Net Book Value
As at 31 March 2025 -
As at 1 April 2024 -
5. Tangible Assets
Plant & Machinery Computer Equipment Total
£ £ £
Cost
As at 1 April 2024 59,619 1,257 60,876
Disposals (59,619 ) - (59,619 )
As at 31 March 2025 - 1,257 1,257
...CONTINUED
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Depreciation
As at 1 April 2024 14,905 1,257 16,162
Disposals (14,905 ) - (14,905 )
As at 31 March 2025 - 1,257 1,257
Net Book Value
As at 31 March 2025 - - -
As at 1 April 2024 44,714 - 44,714
6. Stocks
2025 2024
£ £
Stock 40,000 93,530
7. Debtors
2025 2024
£ £
Due within one year
Trade debtors 115,830 36,528
Prepayments and accrued income 11,847 8,735
Deferred tax current asset 29,379 22,508
VAT - 11,211
157,056 78,982
8. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 64,020 55,876
Bank loans and overdrafts 27,903 24,543
Amounts owed to participating interests 20,000 -
Other creditors 21,857 22,740
Taxation and social security 8,532 1,367
142,312 104,526
9. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Bank loans 2,491 30,394
10. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 90 90
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