Acorah Software Products - Accounts Production 16.3.350 false true 30 April 2024 1 May 2023 false 1 May 2024 30 April 2025 30 April 2025 03542707 Mr Paul Gray Mr Peggy Gray Miss Karen Gray Miss Karen Gray iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 03542707 2024-04-30 03542707 2025-04-30 03542707 2024-05-01 2025-04-30 03542707 frs-core:CurrentFinancialInstruments 2025-04-30 03542707 frs-core:ComputerEquipment 2025-04-30 03542707 frs-core:ComputerEquipment 2024-05-01 2025-04-30 03542707 frs-core:ComputerEquipment 2024-04-30 03542707 frs-core:NetGoodwill 2025-04-30 03542707 frs-core:NetGoodwill 2024-05-01 2025-04-30 03542707 frs-core:NetGoodwill 2024-04-30 03542707 frs-core:InvestmentPropertyIncludedWithinPPE 2025-04-30 03542707 frs-core:InvestmentPropertyIncludedWithinPPE 2024-05-01 2025-04-30 03542707 frs-core:InvestmentPropertyIncludedWithinPPE 2024-04-30 03542707 frs-core:MotorVehicles 2025-04-30 03542707 frs-core:MotorVehicles 2024-05-01 2025-04-30 03542707 frs-core:MotorVehicles 2024-04-30 03542707 frs-core:PlantMachinery 2025-04-30 03542707 frs-core:PlantMachinery 2024-05-01 2025-04-30 03542707 frs-core:PlantMachinery 2024-04-30 03542707 frs-core:ShareCapital 2025-04-30 03542707 frs-core:RetainedEarningsAccumulatedLosses 2025-04-30 03542707 frs-bus:PrivateLimitedCompanyLtd 2024-05-01 2025-04-30 03542707 frs-bus:FilletedAccounts 2024-05-01 2025-04-30 03542707 frs-bus:SmallEntities 2024-05-01 2025-04-30 03542707 frs-bus:AuditExempt-NoAccountantsReport 2024-05-01 2025-04-30 03542707 frs-bus:SmallCompaniesRegimeForAccounts 2024-05-01 2025-04-30 03542707 frs-bus:Director1 2024-05-01 2025-04-30 03542707 frs-bus:Director2 2024-05-01 2025-04-30 03542707 frs-bus:Director3 2024-05-01 2025-04-30 03542707 frs-bus:CompanySecretary1 2024-05-01 2025-04-30 03542707 frs-countries:EnglandWales 2024-05-01 2025-04-30 03542707 2023-04-30 03542707 2024-04-30 03542707 2023-05-01 2024-04-30 03542707 frs-core:CurrentFinancialInstruments 2024-04-30 03542707 frs-core:ShareCapital 2024-04-30 03542707 frs-core:RetainedEarningsAccumulatedLosses 2024-04-30
Registered number: 03542707
Fotoplex Grigio Limited
Unaudited Financial Statements
For The Year Ended 30 April 2025
Coastal Accountants Ltd
Chartered Certified Accountants
Office 2 Unit 3 Mitchell Point
Ensign Way, Hamble
Southampton
SO31 4RF
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—4
Page 1
Balance Sheet
Registered number: 03542707
2025 2024
as restated
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 5 460,474 465,590
460,474 465,590
CURRENT ASSETS
Stocks 6 50,928 41,380
Debtors 7 75,848 69,824
Cash at bank and in hand 994,408 991,043
1,121,184 1,102,247
Creditors: Amounts Falling Due Within One Year 8 (146,742 ) (213,297 )
NET CURRENT ASSETS (LIABILITIES) 974,442 888,950
TOTAL ASSETS LESS CURRENT LIABILITIES 1,434,916 1,354,540
NET ASSETS 1,434,916 1,354,540
CAPITAL AND RESERVES
Called up share capital 9 12 12
Profit and Loss Account 1,434,904 1,354,528
SHAREHOLDERS' FUNDS 1,434,916 1,354,540
For the year ending 30 April 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 Paul Gray
Director
12/06/2025
The notes on pages 2 to 4 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
Fotoplex Grigio Limited is a private company, limited by shares, incorporated in England & Wales, registered number 03542707 . The registered office is Fotoplex, 44 Greyshott Avenue, Fareham, Hants, PO14 3JD.
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 profit and loss account over its estimated economic life of .... 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 15% reducing balance
Motor Vehicles 15% reducing balance
Computer Equipment 20% reducing balance
2.5. 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.
2.6. 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.
2.7. 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.
Page 2
Page 3
2.8. 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: 5 (2024: 5)
5 5
4. Intangible Assets
Goodwill
£
Cost
As at 1 May 2024 6,750
As at 30 April 2025 6,750
Amortisation
As at 1 May 2024 6,750
As at 30 April 2025 6,750
Net Book Value
As at 30 April 2025 -
As at 1 May 2024 -
5. Tangible Assets
Investment Properties Plant & Machinery Motor Vehicles Computer Equipment Total
£ £ £ £ £
Cost
As at 1 May 2024 452,502 25,719 33,995 12,915 525,131
Disposals - - (33,995 ) - (33,995 )
As at 30 April 2025 452,502 25,719 - 12,915 491,136
...CONTINUED
Page 3
Page 4
Depreciation
As at 1 May 2024 - 18,360 30,412 10,769 59,541
Provided during the period - 1,104 - 429 1,533
Disposals - - (30,412 ) - (30,412 )
As at 30 April 2025 - 19,464 - 11,198 30,662
Net Book Value
As at 30 April 2025 452,502 6,255 - 1,717 460,474
As at 1 May 2024 452,502 7,359 3,583 2,146 465,590
6. Stocks
2025 2024
as restated
£ £
Materials 50,928 41,380
7. Debtors
2025 2024
as restated
£ £
Due within one year
Trade debtors 60,025 63,288
Prepayments and accrued income 4,995 4,508
Other debtors 10,828 2,028
75,848 69,824
8. Creditors: Amounts Falling Due Within One Year
2025 2024
as restated
£ £
Trade creditors 10,605 15,499
Corporation tax 99,092 89,634
Other taxes and social security 1,012 1,107
VAT 33,837 34,689
Other creditors 297 421
Accruals and deferred income 1,899 1,954
Directors' loan accounts - 69,993
146,742 213,297
9. Share Capital
2025 2024
as restated
£ £
Allotted, Called up and fully paid 12 12
Page 4