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 05723611 Mr A Mitchell Ms S Busch iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 05723611 2024-03-31 05723611 2025-03-31 05723611 2024-04-01 2025-03-31 05723611 frs-core:CurrentFinancialInstruments 2025-03-31 05723611 frs-core:ComputerEquipment 2024-04-01 2025-03-31 05723611 frs-core:FurnitureFittings 2024-04-01 2025-03-31 05723611 frs-core:LandBuildings 2025-03-31 05723611 frs-core:LandBuildings 2024-04-01 2025-03-31 05723611 frs-core:LandBuildings 2024-03-31 05723611 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-04-01 2025-03-31 05723611 frs-core:MotorVehicles 2024-04-01 2025-03-31 05723611 frs-core:PlantMachinery 2025-03-31 05723611 frs-core:PlantMachinery 2024-04-01 2025-03-31 05723611 frs-core:PlantMachinery 2024-03-31 05723611 frs-core:ShareCapital 2025-03-31 05723611 frs-core:RetainedEarningsAccumulatedLosses 2025-03-31 05723611 frs-bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 05723611 frs-bus:FilletedAccounts 2024-04-01 2025-03-31 05723611 frs-bus:SmallEntities 2024-04-01 2025-03-31 05723611 frs-bus:AuditExempt-NoAccountantsReport 2024-04-01 2025-03-31 05723611 frs-bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 05723611 frs-bus:Director1 2024-04-01 2025-03-31 05723611 frs-bus:CompanySecretary1 2024-04-01 2025-03-31 05723611 frs-countries:EnglandWales 2024-04-01 2025-03-31 05723611 2023-03-31 05723611 2024-03-31 05723611 2023-04-01 2024-03-31 05723611 frs-core:CurrentFinancialInstruments 2024-03-31 05723611 frs-core:ShareCapital 2024-03-31 05723611 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31
Registered number: 05723611
A1 Sovereign Limited
Unaudited Financial Statements
For The Year Ended 31 March 2025
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 05723611
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 65,606 321,897
Investment Properties 5 500,000 -
565,606 321,897
CURRENT ASSETS
Stocks 6 41,041 27,728
Debtors 7 30,373 37,195
Cash at bank and in hand 161,642 84,975
233,056 149,898
Creditors: Amounts Falling Due Within One Year 8 (53,107 ) (42,737 )
NET CURRENT ASSETS (LIABILITIES) 179,949 107,161
TOTAL ASSETS LESS CURRENT LIABILITIES 745,555 429,058
PROVISIONS FOR LIABILITIES
Deferred Taxation (77,536 ) (16,443 )
NET ASSETS 668,019 412,615
CAPITAL AND RESERVES
Called up share capital 9 100 100
Profit and Loss Account 667,919 412,515
SHAREHOLDERS' FUNDS 668,019 412,615
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 member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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 A Mitchell
Director
29 May 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
A1 Sovereign Limited is a private company, limited by shares, incorporated in England & Wales, registered number 05723611 . The registered office is Main Stable Block The Clock House, Streatley, Reading, Berkshire, RG8 9SU.
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.
The financial statements are prepared in sterling, which is the fuctional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
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
Plant & Machinery 25% reducing balance
Motor Vehicles 25% reducing balance
Fixtures & Fittings 25% reducing balance
Computer Equipment 25% reducing balance
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. 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: 4 (2024: 4)
4 4
4. Tangible Assets
Land & Buildings Plant & Machinery etc. Total
£ £ £
Cost or Valuation
As at 1 April 2024 245,058 207,546 452,604
Additions - 10,631 10,631
Transfers (245,058) 245,058 (245,058 )
As at 31 March 2025 - 218,177 218,177
Depreciation
As at 1 April 2024 - 130,707 130,707
Provided during the period - 21,864 21,864
As at 31 March 2025 - 152,571 152,571
Net Book Value
As at 31 March 2025 - 65,606 65,606
As at 1 April 2024 245,058 76,839 321,897
5. Investment Property
2025
£
Fair Value
As at 1 April 2024 -
Revaluations 254,942
Transfers 245,058
As at 31 March 2025 500,000
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6. Stocks
2025 2024
£ £
Materials 41,041 27,728
7. Debtors
2025 2024
£ £
Due within one year
Trade debtors 30,373 37,195
8. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 3,060 9,176
Other creditors 1,350 1,350
Taxation and social security 48,697 32,211
53,107 42,737
9. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 100 100
10. Reserves
The reserves include an amount of £191,206 which is non-distributable.
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