Acorah Software Products - Accounts Production 16.4.675 false true 31 March 2024 1 April 2023 false 1 April 2024 31 March 2025 31 March 2025 09652093 Mr Ashley Smith Mr Benjamin Smith Mr Mitchell Smith Mr James Smith iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 09652093 2024-03-31 09652093 2025-03-31 09652093 2024-04-01 2025-03-31 09652093 frs-core:CurrentFinancialInstruments 2025-03-31 09652093 frs-core:Non-currentFinancialInstruments 2025-03-31 09652093 frs-core:ComputerEquipment 2025-03-31 09652093 frs-core:ComputerEquipment 2024-04-01 2025-03-31 09652093 frs-core:ComputerEquipment 2024-03-31 09652093 frs-core:NetGoodwill 2025-03-31 09652093 frs-core:NetGoodwill 2024-04-01 2025-03-31 09652093 frs-core:NetGoodwill 2024-03-31 09652093 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2025-03-31 09652093 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-04-01 2025-03-31 09652093 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-03-31 09652093 frs-core:MotorVehicles 2025-03-31 09652093 frs-core:MotorVehicles 2024-04-01 2025-03-31 09652093 frs-core:MotorVehicles 2024-03-31 09652093 frs-core:PlantMachinery 2025-03-31 09652093 frs-core:PlantMachinery 2024-04-01 2025-03-31 09652093 frs-core:PlantMachinery 2024-03-31 09652093 frs-core:ShareCapital 2025-03-31 09652093 frs-core:RetainedEarningsAccumulatedLosses 2025-03-31 09652093 frs-bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 09652093 frs-bus:FilletedAccounts 2024-04-01 2025-03-31 09652093 frs-bus:SmallEntities 2024-04-01 2025-03-31 09652093 frs-bus:AuditExempt-NoAccountantsReport 2024-04-01 2025-03-31 09652093 frs-bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 09652093 frs-bus:Director1 2024-04-01 2025-03-31 09652093 frs-bus:Director2 2024-04-01 2025-03-31 09652093 frs-bus:Director3 2024-04-01 2025-03-31 09652093 frs-bus:Director4 2024-04-01 2025-03-31 09652093 frs-countries:EnglandWales 2024-04-01 2025-03-31 09652093 2023-03-31 09652093 2024-03-31 09652093 2023-04-01 2024-03-31 09652093 frs-core:CurrentFinancialInstruments 2024-03-31 09652093 frs-core:Non-currentFinancialInstruments 2024-03-31 09652093 frs-core:ShareCapital 2024-03-31 09652093 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31
Registered number: 09652093
Xl Circondare Limited
Unaudited Financial Statements
For The Year Ended 31 March 2025
GRH Accountancy Ltd
Cql House Alington Road
Little Barford
St. Neots
PE19 6YH
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 09652093
2025 2024
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 708 1,708
Tangible Assets 5 298,959 305,188
299,667 306,896
CURRENT ASSETS
Stocks 6 49,418 41,754
Debtors 7 165,626 187,360
Cash at bank and in hand 25,288 34,381
240,332 263,495
Creditors: Amounts Falling Due Within One Year 8 (246,367 ) (255,123 )
NET CURRENT ASSETS (LIABILITIES) (6,035 ) 8,372
TOTAL ASSETS LESS CURRENT LIABILITIES 293,632 315,268
Creditors: Amounts Falling Due After More Than One Year 9 (94,417 ) (187,282 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (12,240 ) (10,359 )
NET ASSETS 186,975 117,627
CAPITAL AND RESERVES
Called up share capital 10 22,506 22,506
Profit and Loss Account 164,469 95,121
SHAREHOLDERS' FUNDS 186,975 117,627
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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 Benjamin Smith
Director
Mr Mitchell Smith
Director
Mr James Smith
Director
13/05/2025
The notes on pages 3 to 6 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Xl Circondare Limited is a private company, limited by shares, incorporated in England & Wales, registered number 09652093 . The registered office is Alington Road, Little Barford, St. Neots, Bedfordshire, PE19 6WE.
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 the 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:
Leasehold 15% Cost
Plant & Machinery 25% Cost
Motor Vehicles 25% Cost
Computer Equipment 25% Cost
2.5. 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.
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2.6. 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 year 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 asset reflects 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 profit or loss, 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: 21 (2024: 19)
21 19
4. Intangible Assets
Goodwill
£
Cost
As at 1 April 2024 10,000
As at 31 March 2025 10,000
Amortisation
As at 1 April 2024 8,292
Provided during the period 1,000
As at 31 March 2025 9,292
Net Book Value
As at 31 March 2025 708
As at 1 April 2024 1,708
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5. Tangible Assets
Land & Property
Leasehold Plant & Machinery Motor Vehicles Computer Equipment Total
£ £ £ £ £
Cost
As at 1 April 2024 6,610 711,688 29,020 3,589 750,907
Additions 15,765 23,500 - - 39,265
As at 31 March 2025 22,375 735,188 29,020 3,589 790,172
Depreciation
As at 1 April 2024 6,610 419,813 15,824 3,472 445,719
Provided during the period 2,365 38,313 4,699 117 45,494
As at 31 March 2025 8,975 458,126 20,523 3,589 491,213
Net Book Value
As at 31 March 2025 13,400 277,062 8,497 - 298,959
As at 1 April 2024 - 291,875 13,196 117 305,188
6. Stocks
2025 2024
£ £
Total Stock 33,758 24,518
Work in progress 15,660 17,236
49,418 41,754
7. Debtors
2025 2024
£ £
Due within one year
Trade debtors 160,916 186,996
Other debtors 4,710 364
165,626 187,360
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8. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 126,355 126,722
Other creditors 79,038 85,355
Taxation and social security 40,974 43,046
246,367 255,123
9. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Cashflow Loan 9,622 45,704
Other creditors 84,795 141,578
94,417 187,282
10. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 22,506 22,506
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