Acorah Software Products - Accounts Production 16.3.350 false true 31 March 2024 1 April 2023 false 1 April 2024 31 March 2025 31 March 2025 05547200 Mr Neil Riley Mr John Outram Mr John Outram iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 05547200 2024-03-31 05547200 2025-03-31 05547200 2024-04-01 2025-03-31 05547200 frs-core:CurrentFinancialInstruments 2025-03-31 05547200 frs-core:ComputerEquipment 2025-03-31 05547200 frs-core:ComputerEquipment 2024-04-01 2025-03-31 05547200 frs-core:ComputerEquipment 2024-03-31 05547200 frs-core:NetGoodwill 2025-03-31 05547200 frs-core:NetGoodwill 2024-04-01 2025-03-31 05547200 frs-core:NetGoodwill 2024-03-31 05547200 frs-core:ShareCapital 2025-03-31 05547200 frs-core:RetainedEarningsAccumulatedLosses 2025-03-31 05547200 frs-bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 05547200 frs-bus:FilletedAccounts 2024-04-01 2025-03-31 05547200 frs-bus:SmallEntities 2024-04-01 2025-03-31 05547200 frs-bus:AuditExempt-NoAccountantsReport 2024-04-01 2025-03-31 05547200 frs-bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 05547200 frs-bus:OrdinaryShareClass1 2024-04-01 2025-03-31 05547200 frs-bus:OrdinaryShareClass1 2025-03-31 05547200 frs-bus:Director1 2024-04-01 2025-03-31 05547200 frs-bus:Director2 2024-04-01 2025-03-31 05547200 frs-bus:CompanySecretary1 2024-04-01 2025-03-31 05547200 frs-countries:EnglandWales 2024-04-01 2025-03-31 05547200 2023-03-31 05547200 2024-03-31 05547200 2023-04-01 2024-03-31 05547200 frs-core:CurrentFinancialInstruments 2024-03-31 05547200 frs-core:ShareCapital 2024-03-31 05547200 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 05547200 frs-bus:OrdinaryShareClass1 2023-04-01 2024-03-31
Registered number: 05547200
Outward Searches Limited
Financial Statements
For The Year Ended 31 March 2025
Raven Accountancy Services
CPAA
10 Sovereign Court
Sprotbrough
Doncaster
DN5 8BH
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 05547200
2025 2024
Notes £ £ £ £
FIXED ASSETS
CURRENT ASSETS
Debtors 6 76,188 53,429
Cash at bank and in hand 260,147 196,593
336,335 250,022
Creditors: Amounts Falling Due Within One Year 7 (133,526 ) (95,729 )
NET CURRENT ASSETS (LIABILITIES) 202,809 154,293
TOTAL ASSETS LESS CURRENT LIABILITIES 202,809 154,293
NET ASSETS 202,809 154,293
CAPITAL AND RESERVES
Called up share capital 8 7 7
Profit and Loss Account 202,802 154,286
SHAREHOLDERS' FUNDS 202,809 154,293
Page 1
Page 2
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 Profit and Loss Account.
On behalf of the board
Mr John Outram
Director
18/06/2025
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Outward Searches Limited is a private company, limited by shares, incorporated in England & Wales, registered number 05547200 . The registered office is 20 Arundel Gate , Sheffield , S1 2PP.
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 10 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:
Computer Equipment 33% cost
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.
...CONTINUED
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2.5. Taxation - continued
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: 3 (2024: 3)
3 3
4. Intangible Assets
Goodwill
£
Cost
As at 1 April 2024 15,000
As at 31 March 2025 15,000
Amortisation
As at 1 April 2024 15,000
As at 31 March 2025 15,000
Net Book Value
As at 31 March 2025 -
As at 1 April 2024 -
5. Tangible Assets
Computer Equipment
£
Cost
As at 1 April 2024 3,419
As at 31 March 2025 3,419
...CONTINUED
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Depreciation
As at 1 April 2024 3,419
As at 31 March 2025 3,419
Net Book Value
As at 31 March 2025 -
As at 1 April 2024 -
6. Debtors
2025 2024
£ £
Due within one year
Trade debtors 73,037 50,510
Prepayments and accrued income 3,151 2,919
76,188 53,429
7. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 44,505 30,475
Corporation tax 67,631 50,555
VAT 21,390 14,699
133,526 95,729
8. Share Capital
2025 2024
Allotted, called up and fully paid £ £
1 Ordinary Shares of £ 7.00 each 7 7
9. Dividends
2025 2024
£ £
On equity shares:
Interim dividend paid 154,290 130,137
10. Related Party Transactions
Duiring the Year dividends of £154,290 were paid to the Shareholders (2024: £130,137). The beneficiaries are also members of TaylorEmmet LLP
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