Acorah Software Products - Accounts Production 16.3.350 false true true false 1 March 2024 28 February 2025 28 February 2025 15581458 Mr John Nash Mr Nicholas Leeder Mr Mark Hardy iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 15581458 2024-02-29 15581458 2025-02-28 15581458 2024-03-01 2025-02-28 15581458 frs-core:ComputerEquipment 2024-03-01 2025-02-28 15581458 frs-core:CopyrightsPatentsTrademarksServiceOperatingRights 2024-03-01 2025-02-28 15581458 frs-core:FurnitureFittings 2024-03-01 2025-02-28 15581458 frs-core:NetGoodwill 2024-03-01 2025-02-28 15581458 frs-core:ShareCapital 2025-02-28 15581458 frs-core:RetainedEarningsAccumulatedLosses 2025-02-28 15581458 frs-bus:PrivateLimitedCompanyLtd 2024-03-01 2025-02-28 15581458 frs-bus:AbridgedAccounts 2024-03-01 2025-02-28 15581458 frs-bus:SmallEntities 2024-03-01 2025-02-28 15581458 frs-bus:AuditExempt-NoAccountantsReport 2024-03-01 2025-02-28 15581458 frs-bus:SmallCompaniesRegimeForAccounts 2024-03-01 2025-02-28 15581458 frs-bus:Director1 2024-03-01 2025-02-28 15581458 frs-bus:Director2 2024-03-01 2025-02-28 15581458 frs-bus:Director3 2024-03-01 2025-02-28 15581458 frs-countries:EnglandWales 2024-03-01 2025-02-28
Registered number: 15581458
Assetminder (Operations) Limited
ABRIDGED Financial Statements
For The Year Ended 28 February 2025
Fawbert Adams Limited
Chartered Accountants
43 Clarence Road
Chesterfield
Derbyshire
S40 1LQ
Contents
Page
Abridged Balance Sheet 1
Notes to the Abridged Financial Statements 2—3
Page 1
Abridged Balance Sheet
Registered number: 15581458
2025
Notes £ £
FIXED ASSETS
Intangible Assets 4 41,072
Tangible Assets 5 2,648
43,720
CURRENT ASSETS
Debtors 96,229
Cash at bank and in hand 43,306
139,535
Creditors: Amounts Falling Due Within One Year (398,028 )
NET CURRENT ASSETS (LIABILITIES) (258,493 )
TOTAL ASSETS LESS CURRENT LIABILITIES (214,773 )
NET LIABILITIES (214,773 )
CAPITAL AND RESERVES
Called up share capital 6 100
Profit and Loss Account (214,873 )
SHAREHOLDERS' FUNDS (214,773)
For the year ending 28 February 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.
All of the company's members have consented to the preparation of an Abridged Profit and Loss Account and an Abridged Balance Sheet for the year end 28 February 2025 in accordance with section 444(2A) of the Companies Act 2006.
On behalf of the board
Mr John Nash
Director
30 May 2025
The notes on pages 2 to 3 form part of these financial statements.
Page 1
Page 2
Notes to the Abridged Financial Statements
1. General Information
Assetminder (Operations) Limited is a private company, limited by shares, incorporated in England & Wales, registered number 15581458 . The registered office is 7 Midland Way, Barlborough, Chesterfield, S43 4XA.
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. Going Concern Disclosure
Despite the first year losses and the balance sheet deficit, assurances have been received from the Shareholders that they are prepared to continue to support the company in its early stages and for the 12 months following approval of these accounts. The Directors have therefore taken the decision to prepare the accounts on a going concern basis.
2.3. 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.
2.4. 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 profit and loss account over its estimated economic life of 5 years.
2.5. Intangible Fixed Assets and Amortisation - Intellectual Property
Intellectual property assets are software/code for the AssetMinder application. It is amortised to the profit and loss account over its estimated economic life of 5 years.
2.6. 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 20% straight line
Computer Equipment 33% straight line
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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 9
9
Page 2
Page 3
4. Intangible Assets
Total
£
Cost
As at 1 March 2024 -
Additions 50,167
As at 28 February 2025 50,167
Amortisation
As at 1 March 2024 -
Provided during the period 9,095
As at 28 February 2025 9,095
Net Book Value
As at 28 February 2025 41,072
As at 1 March 2024 -
5. Tangible Assets
Total
£
Cost
As at 1 March 2024 -
Additions 3,626
As at 28 February 2025 3,626
Depreciation
As at 1 March 2024 -
Provided during the period 978
As at 28 February 2025 978
Net Book Value
As at 28 February 2025 2,648
As at 1 March 2024 -
6. Share Capital
2025
£
Allotted, Called up and fully paid 100
Page 3