Acorah Software Products - Accounts Production 16.3.403 false true 30 March 2024 31 March 2023 false 31 March 2024 30 March 2025 30 March 2025 11412550 Mr Vinayakrao Patel Mrs Pallavi Patel iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 11412550 2024-03-30 11412550 2025-03-30 11412550 2024-03-31 2025-03-30 11412550 frs-core:CurrentFinancialInstruments 2025-03-30 11412550 frs-core:ComputerEquipment 2025-03-30 11412550 frs-core:ComputerEquipment 2024-03-31 2025-03-30 11412550 frs-core:ComputerEquipment 2024-03-30 11412550 frs-core:FurnitureFittings 2025-03-30 11412550 frs-core:FurnitureFittings 2024-03-31 2025-03-30 11412550 frs-core:FurnitureFittings 2024-03-30 11412550 frs-core:ShareCapital 2025-03-30 11412550 frs-core:RetainedEarningsAccumulatedLosses 2025-03-30 11412550 frs-bus:PrivateLimitedCompanyLtd 2024-03-31 2025-03-30 11412550 frs-bus:FilletedAccounts 2024-03-31 2025-03-30 11412550 frs-bus:SmallEntities 2024-03-31 2025-03-30 11412550 frs-bus:AuditExempt-NoAccountantsReport 2024-03-31 2025-03-30 11412550 frs-bus:SmallCompaniesRegimeForAccounts 2024-03-31 2025-03-30 11412550 frs-bus:Director1 2024-03-31 2025-03-30 11412550 frs-bus:Director2 2024-03-31 2025-03-30 11412550 frs-countries:EnglandWales 2024-03-31 2025-03-30 11412550 2023-03-30 11412550 2024-03-30 11412550 2023-03-31 2024-03-30 11412550 frs-core:CurrentFinancialInstruments 2024-03-30 11412550 frs-core:ShareCapital 2024-03-30 11412550 frs-core:RetainedEarningsAccumulatedLosses 2024-03-30
Registered number: 11412550
Brightcove Estates Ltd
Unaudited Financial Statements
For The Year Ended 30 March 2025
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—3
Page 1
Balance Sheet
Registered number: 11412550
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 18,044 22,810
18,044 22,810
CURRENT ASSETS
Stocks 5 1,681,858 1,528,930
Cash at bank and in hand 3 4
1,681,861 1,528,934
Creditors: Amounts Falling Due Within One Year 6 (1,802,109 ) (1,626,108 )
NET CURRENT ASSETS (LIABILITIES) (120,248 ) (97,174 )
TOTAL ASSETS LESS CURRENT LIABILITIES (102,204 ) (74,364 )
NET LIABILITIES (102,204 ) (74,364 )
CAPITAL AND RESERVES
Called up share capital 7 100 100
Profit and Loss Account (102,304 ) (74,464 )
SHAREHOLDERS' FUNDS (102,204) (74,364)
For the year ending 30 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 Vinayakrao Patel
Director
30 June 2025
The notes on pages 2 to 3 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
Brightcove Estates Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 11412550 . The registered office is 24 Holbrook Lane, Chislehurst, BR7 6PF.
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:
Fixtures & Fittings 25% on reducing balance
Computer Equipment 25% on reducing balance
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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2024: 2)
2 2
4. Tangible Assets
Fixtures & Fittings Computer Equipment Total
£ £ £
Cost
As at 31 March 2024 60,353 - 60,353
Additions - 1,249 1,249
As at 30 March 2025 60,353 1,249 61,602
Depreciation
As at 31 March 2024 37,543 - 37,543
Provided during the period 5,703 312 6,015
As at 30 March 2025 43,246 312 43,558
...CONTINUED
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Page 3
Net Book Value
As at 30 March 2025 17,107 937 18,044
As at 31 March 2024 22,810 - 22,810
5. Stocks
2025 2024
£ £
Stock 1,681,858 1,528,930
6. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors - 576
Other creditors - Tenancy deposits 8,160 1,615
Directors' loan accounts 1,793,949 1,623,917
1,802,109 1,626,108
7. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 100 100
8. Related Party Transactions
Loans from key management
2025
2024
£
£
At start of period
1,623,917
1,595,344
Advanced
170,032
28,573
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image
At end of period
1,793,949
image
1,623,917
image
The interest-free loan from the related party comprises entirely of contributions made by Mr Vinayakrao Patel and Mrs Pallavi Patel equally. By virtue of a shareholders’ agreement entered into by all shareholders, this loan will be paid back first before any distributions are made from the company.
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