Acorah Software Products - Accounts Production 16.2.800 false true 31 March 2024 1 April 2023 false 1 April 2024 31 March 2025 31 March 2025 05505567 Mrs Sally Newall Mr Finnian Dunlop Mr Stephen Clarke Mrs Matilda Clarke Mrs Carol Ford Mrs Susie Warran-Smith Mrs Stephanie Karpetas iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 05505567 2024-03-31 05505567 2025-03-31 05505567 2024-04-01 2025-03-31 05505567 frs-core:CurrentFinancialInstruments 2025-03-31 05505567 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2025-03-31 05505567 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2024-04-01 2025-03-31 05505567 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2024-03-31 05505567 frs-core:FurnitureFittings 2025-03-31 05505567 frs-core:FurnitureFittings 2024-04-01 2025-03-31 05505567 frs-core:FurnitureFittings 2024-03-31 05505567 frs-core:RetainedEarningsAccumulatedLosses 2025-03-31 05505567 frs-bus:CompanyLimitedByGuarantee 2024-04-01 2025-03-31 05505567 frs-bus:FilletedAccounts 2024-04-01 2025-03-31 05505567 frs-bus:SmallEntities 2024-04-01 2025-03-31 05505567 frs-bus:AuditExempt-NoAccountantsReport 2024-04-01 2025-03-31 05505567 frs-bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 05505567 frs-bus:Director1 2024-04-01 2025-03-31 05505567 frs-bus:Director2 2024-04-01 2025-03-31 05505567 frs-bus:Director3 2024-04-01 2025-03-31 05505567 frs-bus:Director4 2024-04-01 2025-03-31 05505567 frs-bus:Director5 2024-04-01 2025-03-31 05505567 frs-bus:Director6 2024-04-01 2025-03-31 05505567 frs-bus:Director7 2024-04-01 2025-03-31 05505567 frs-countries:EnglandWales 2024-04-01 2025-03-31 05505567 2023-03-31 05505567 2024-03-31 05505567 2023-04-01 2024-03-31 05505567 frs-core:CurrentFinancialInstruments 2024-03-31 05505567 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31
Registered number: 05505567
Produced In Kent Limited
Unaudited Financial Statements
For The Year Ended 31 March 2025
Roake & Cook Limited
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—4
Page 1
Balance Sheet
Registered number: 05505567
2025 2024
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 12,060 17,370
Tangible Assets 5 - 1,045
12,060 18,415
CURRENT ASSETS
Debtors 6 15,966 13,944
Cash at bank and in hand 58,940 81,691
74,906 95,635
Creditors: Amounts Falling Due Within One Year 7 (39,853 ) (84,602 )
NET CURRENT ASSETS (LIABILITIES) 35,053 11,033
TOTAL ASSETS LESS CURRENT LIABILITIES 47,113 29,448
NET ASSETS 47,113 29,448
Income and Expenditure Account 47,113 29,448
MEMBERS' FUNDS 47,113 29,448
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 and Expenditure Account.
On behalf of the board
Mrs Susie Warran-Smith
Director
16/06/2025
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
Produced In Kent Limited is a private company, limited by guarantee, incorporated in England & Wales, registered number 05505567 . The registered office is Milwood House, 36b Albion Place, Maidstone, Kent, ME14 5DZ.
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 - Other Intangible
Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.
All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exeed ten years.
The estimated useful lives range as follows:
Website and app development - 5 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:
Fixtures & Fittings 33% straight-line
2.5. Financial Instruments
The Company has elected to apply the provisions of Section 11 "Basic Financial Instruments" of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the Company's Balance sheet when the Company becomes party to the contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
Basic financial assets
Basic financial assets, which include trade and other receivables, cash and bank balances, are initially measured at their transaction price including transaction costs and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.
Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other receivables due with the operating cycle fall into this category of financial instruments.
Financial liabilities
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instruments any contract that evidences a residual interest in the assets of the Company after the deduction of all its liabilities.
Basic financial liabilities, which include trade and other payables, bank loans and other loans are initially measured at their transaction price after transaction costs. When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest. Discounting is omitted where the effect of discounting is immaterial.
Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.
...CONTINUED
Page 2
Page 3
2.5. Financial Instruments - continued
Trade payables are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade payables are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade payables are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.
2.6. Taxation
Corporation Tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable surplus for the year. Taxable surplus differs from surplus 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 surplus. 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 surplus 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 surplus 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 or deferred tax for the year is recognised in surplus or deficit, 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: 2 (2024: 2)
2 2
4. Intangible Assets
Website and App Development Costs
£
Cost
As at 1 April 2024 26,550
As at 31 March 2025 26,550
Amortisation
As at 1 April 2024 9,180
Provided during the period 5,310
As at 31 March 2025 14,490
Net Book Value
As at 31 March 2025 12,060
As at 1 April 2024 17,370
Page 3
Page 4
5. Tangible Assets
Fixtures & Fittings
£
Cost
As at 1 April 2024 11,130
As at 31 March 2025 11,130
Depreciation
As at 1 April 2024 10,085
Provided during the period 1,045
As at 31 March 2025 11,130
Net Book Value
As at 31 March 2025 -
As at 1 April 2024 1,045
6. Debtors
2025 2024
£ £
Due within one year
Trade debtors 12,216 3,503
Other debtors 3,750 10,441
15,966 13,944
7. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 3,600 23,833
Other creditors 30,681 59,952
Taxation and social security 5,572 817
39,853 84,602
8. Company limited by guarantee
The company is limited by guarantee and has no share capital.
Every member of the company undertakes to contribute to the assets of the company, in the event of a winding up, such an amount as may be required not exceeding £1.
Page 4