Acorah Software Products - Accounts Production 16.3.403 false true 31 January 2024 1 February 2023 false 1 February 2024 31 January 2025 31 January 2025 02109991 Mr Nigel Walton Mr Adrian Walton Mr Adrian Walton iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 02109991 2024-01-31 02109991 2025-01-31 02109991 2024-02-01 2025-01-31 02109991 frs-core:CurrentFinancialInstruments 2025-01-31 02109991 frs-core:ComputerEquipment 2025-01-31 02109991 frs-core:ComputerEquipment 2024-02-01 2025-01-31 02109991 frs-core:ComputerEquipment 2024-01-31 02109991 frs-core:FurnitureFittings 2025-01-31 02109991 frs-core:FurnitureFittings 2024-02-01 2025-01-31 02109991 frs-core:FurnitureFittings 2024-01-31 02109991 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2025-01-31 02109991 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-02-01 2025-01-31 02109991 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-01-31 02109991 frs-core:MotorVehicles 2025-01-31 02109991 frs-core:MotorVehicles 2024-02-01 2025-01-31 02109991 frs-core:MotorVehicles 2024-01-31 02109991 frs-core:ShareCapital 2025-01-31 02109991 frs-core:RetainedEarningsAccumulatedLosses 2025-01-31 02109991 frs-bus:PrivateLimitedCompanyLtd 2024-02-01 2025-01-31 02109991 frs-bus:FilletedAccounts 2024-02-01 2025-01-31 02109991 frs-bus:SmallEntities 2024-02-01 2025-01-31 02109991 frs-bus:AuditExempt-NoAccountantsReport 2024-02-01 2025-01-31 02109991 frs-bus:SmallCompaniesRegimeForAccounts 2024-02-01 2025-01-31 02109991 frs-core:ListedExchangeTraded 2025-01-31 02109991 frs-core:ListedExchangeTraded 2024-01-31 02109991 frs-core:CostValuation frs-core:ListedExchangeTraded 2024-01-31 02109991 frs-core:CostValuation frs-core:ListedExchangeTraded 2025-01-31 02109991 frs-core:ProvisionsForImpairmentInvestments frs-core:ListedExchangeTraded 2024-01-31 02109991 frs-core:ProvisionsForImpairmentInvestments frs-core:ListedExchangeTraded 2025-01-31 02109991 frs-bus:Director1 2024-02-01 2025-01-31 02109991 frs-bus:Director2 2024-02-01 2025-01-31 02109991 frs-bus:CompanySecretary1 2024-02-01 2025-01-31 02109991 frs-countries:EnglandWales 2024-02-01 2025-01-31 02109991 2023-01-31 02109991 2024-01-31 02109991 2023-02-01 2024-01-31 02109991 frs-core:CurrentFinancialInstruments 2024-01-31 02109991 frs-core:ShareCapital 2024-01-31 02109991 frs-core:RetainedEarningsAccumulatedLosses 2024-01-31
Registered number: 02109991
Niad Limited
Unaudited Financial Statements
For The Year Ended 31 January 2025
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—4
Page 1
Balance Sheet
Registered number: 02109991
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 1,002,911 1,010,048
Investments 5 429,813 429,813
1,432,724 1,439,861
CURRENT ASSETS
Stocks 6 76,299 86,232
Debtors 7 562,809 181,723
Investments 8 741,320 741,320
Cash at bank and in hand 236,258 461,559
1,616,686 1,470,834
Creditors: Amounts Falling Due Within One Year 9 (1,114,477 ) (1,072,680 )
NET CURRENT ASSETS (LIABILITIES) 502,209 398,154
TOTAL ASSETS LESS CURRENT LIABILITIES 1,934,933 1,838,015
NET ASSETS 1,934,933 1,838,015
CAPITAL AND RESERVES
Called up share capital 10 100 100
Profit and Loss Account 1,934,833 1,837,915
SHAREHOLDERS' FUNDS 1,934,933 1,838,015
For the year ending 31 January 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 Nigel Walton
Director
05/06/2025
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
Niad Limited is a private company, limited by shares, incorporated in England & Wales, registered number 02109991 . The registered office is Oakworth Road, Keighley, West Yorkshire, BD21 1QQ.
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:
Freehold 2% Straight Line
Motor Vehicles 25% Reducing Balance
Fixtures & Fittings 10% Reducing Balance
Computer Equipment 33% Straight Line
2.4. 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.
2.5. 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.
Page 2
Page 3
3. Average Number of Employees
Average number of employees, including directors, during the year was: 4 (2024: 4)
4 4
4. Tangible Assets
Land & Property
Freehold Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 February 2024 937,159 51,308 187,652 3,499 1,179,618
Additions - - 6,487 - 6,487
As at 31 January 2025 937,159 51,308 194,139 3,499 1,186,105
Depreciation
As at 1 February 2024 10 15,698 151,238 2,624 169,570
Provided during the period - 8,903 4,290 431 13,624
As at 31 January 2025 10 24,601 155,528 3,055 183,194
Net Book Value
As at 31 January 2025 937,149 26,707 38,611 444 1,002,911
As at 1 February 2024 937,149 35,610 36,414 875 1,010,048
5. Investments
Listed
£
Cost
As at 1 February 2024 429,813
As at 31 January 2025 429,813
Provision
As at 1 February 2024 -
As at 31 January 2025 -
Net Book Value
As at 31 January 2025 429,813
As at 1 February 2024 429,813
6. Stocks
2025 2024
£ £
Stock 76,299 86,232
Page 3
Page 4
7. Debtors
2025 2024
£ £
Due within one year
Trade debtors 23,161 27,059
Prepayments and accrued income 415 404
Other debtors 539,233 154,260
562,809 181,723
8. Current Asset Investments
2025 2024
£ £
Unlisted investments 741,320 741,320
9. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 46,584 49,185
Corporation tax 44,653 49,477
Other taxes and social security 449 257
VAT 14,502 14,843
Accruals and deferred income 2,435 2,240
Directors' loan accounts 13,125 16,650
Amounts owed to group undertakings 992,729 940,028
1,114,477 1,072,680
10. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 100 100
Page 4