Acorah Software Products - Accounts Production 16.3.350 false true 31 December 2023 1 January 2023 false 1 January 2024 31 December 2024 31 December 2024 08052089 Mr Benedict Arguile Mrs Claire Arguile iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 08052089 2023-12-31 08052089 2024-12-31 08052089 2024-01-01 2024-12-31 08052089 frs-core:CurrentFinancialInstruments 2024-12-31 08052089 frs-core:Non-currentFinancialInstruments 2024-12-31 08052089 frs-core:BetweenOneFiveYears 2024-12-31 08052089 frs-core:ComputerEquipment 2024-12-31 08052089 frs-core:ComputerEquipment 2024-01-01 2024-12-31 08052089 frs-core:ComputerEquipment 2023-12-31 08052089 frs-core:FurnitureFittings 2024-12-31 08052089 frs-core:FurnitureFittings 2024-01-01 2024-12-31 08052089 frs-core:FurnitureFittings 2023-12-31 08052089 frs-core:MotorVehicles 2024-12-31 08052089 frs-core:MotorVehicles 2024-01-01 2024-12-31 08052089 frs-core:MotorVehicles 2023-12-31 08052089 frs-core:WithinOneYear 2024-12-31 08052089 frs-core:OtherReservesSubtotal 2024-12-31 08052089 frs-core:ShareCapital 2024-12-31 08052089 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 08052089 frs-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 08052089 frs-bus:FilletedAccounts 2024-01-01 2024-12-31 08052089 frs-bus:SmallEntities 2024-01-01 2024-12-31 08052089 frs-bus:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 08052089 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 08052089 frs-bus:Director1 2024-01-01 2024-12-31 08052089 frs-bus:Director2 2024-01-01 2024-12-31 08052089 frs-countries:EnglandWales 2024-01-01 2024-12-31 08052089 2022-12-31 08052089 2023-12-31 08052089 2023-01-01 2023-12-31 08052089 frs-core:CurrentFinancialInstruments 2023-12-31 08052089 frs-core:Non-currentFinancialInstruments 2023-12-31 08052089 frs-core:BetweenOneFiveYears 2023-12-31 08052089 frs-core:WithinOneYear 2023-12-31 08052089 frs-core:OtherReservesSubtotal 2023-12-31 08052089 frs-core:ShareCapital 2023-12-31 08052089 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31
Registered number: 08052089
Arguile Search Limited
Unaudited Financial Statements
For The Year Ended 31 December 2024
Azuki Accounts Limited
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 08052089
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 51,501 70,717
51,501 70,717
CURRENT ASSETS
Debtors 5 1,008,815 1,020,233
Cash at bank and in hand 88,381 141,867
1,097,196 1,162,100
Creditors: Amounts Falling Due Within One Year 6 (380,638 ) (307,210 )
NET CURRENT ASSETS (LIABILITIES) 716,558 854,890
TOTAL ASSETS LESS CURRENT LIABILITIES 768,059 925,607
Creditors: Amounts Falling Due After More Than One Year 7 (18,902 ) (38,159 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (11,205 ) (12,869 )
NET ASSETS 737,952 874,579
CAPITAL AND RESERVES
Called up share capital 9 100 100
Other reserves (2,933,481 ) (2,185,646 )
Profit and Loss Account 3,671,333 3,060,125
SHAREHOLDERS' FUNDS 737,952 874,579
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For the year ending 31 December 2024 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 Benedict Arguile
Director
02/06/2025
The notes on pages 3 to 6 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Arguile Search Limited is a private company, limited by shares, incorporated in England & Wales, registered number 08052089 . The registered office is Unit 6, Bradbury's Court, Lyon Road, Harrow, Middx, HA1 2BY.
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:
Motor Vehicles 33% on cost
Fixtures & Fittings 25% on cost
Computer Equipment 25% on cost
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. 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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2.6. 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 year 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 asset reflects 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 or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also 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: 12 (2023: 10)
12 10
4. Tangible Assets
Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 January 2024 109,745 18,047 14,522 142,314
Additions - 676 4,890 5,566
As at 31 December 2024 109,745 18,723 19,412 147,880
Depreciation
As at 1 January 2024 42,011 16,887 12,699 71,597
Provided during the period 22,915 615 1,252 24,782
As at 31 December 2024 64,926 17,502 13,951 96,379
Net Book Value
As at 31 December 2024 44,819 1,221 5,461 51,501
As at 1 January 2024 67,734 1,160 1,823 70,717
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 766,117 712,062
Prepayments and accrued income 174,229 241,702
Amounts owed by related parties 68,469 66,469
1,008,815 1,020,233
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6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts (18,397 ) 25,308
Trade creditors 38,750 26,814
Bank loans and overdrafts (88,946 ) 5,249
Other loans 44,209 -
Corporation tax 221,735 144,304
Other taxes and social security 43,671 26,437
VAT 120,152 77,180
Net wages - 286
Other creditors 19,464 1,632
380,638 307,210
Included in other creditors is trade finance of £Nil (2023: £5,248), secured by a floating and fixed charges over the company's assets.
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 18,902 38,159
8. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year (18,397 ) 25,308
Later than one year and not later than five years 18,902 38,159
505 63,467
505 63,467
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
10. Other Commitments
The total of future minimum lease payments under non-cancellable operating leases are as following:
2024 2023
£ £
Not later than one year 29,141 2,272
Later than one year and not later than five years 99,564 -
128,705 2,272
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11. Related Party Transactions
Included within amounts owed by related parties are the following balances:
Woodstock Commercial Property Limited £68,469 (2023: £66,469)
Rent of £29,141 (2023:£29,141) was paid to Woodstock Commercial Property in respect of office space at market rate.   
The above Companies have a common shareholder. 
During the year, the company made distributions to the Arguile Search EOT Limited, an Employee Ownership Trust (EOT) established for the benefit of the company’s employees. The EOT holds a controlling interest in the company and is therefore considered a related party.
Total distributions made to the EOT during the year amounted to £747,835 (2023: £2,185,646), which were used to facilitate payments to qualifying beneficiaries in accordance with the terms of the trust and relevant HMRC guidelines.
No other transactions took place with the EOT during the year other than those disclosed above.
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