Acorah Software Products - Accounts Production 16.4.660 false true 31 March 2024 1 April 2023 false 1 April 2024 31 March 2025 31 March 2025 05373044 Mr Ian Bryant Mr Paul Wainwright Miss Nicola Voase Mr Paul Wainwright iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 05373044 2024-03-31 05373044 2025-03-31 05373044 2024-04-01 2025-03-31 05373044 frs-core:CurrentFinancialInstruments 2025-03-31 05373044 frs-core:Non-currentFinancialInstruments 2025-03-31 05373044 frs-core:ComputerEquipment 2025-03-31 05373044 frs-core:ComputerEquipment 2024-04-01 2025-03-31 05373044 frs-core:ComputerEquipment 2024-03-31 05373044 frs-core:FurnitureFittings 2025-03-31 05373044 frs-core:FurnitureFittings 2024-04-01 2025-03-31 05373044 frs-core:FurnitureFittings 2024-03-31 05373044 frs-core:NetGoodwill 2025-03-31 05373044 frs-core:NetGoodwill 2024-04-01 2025-03-31 05373044 frs-core:NetGoodwill 2024-03-31 05373044 frs-core:CapitalRedemptionReserve 2025-03-31 05373044 frs-core:ShareCapital 2025-03-31 05373044 frs-core:RetainedEarningsAccumulatedLosses 2025-03-31 05373044 frs-bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 05373044 frs-bus:FilletedAccounts 2024-04-01 2025-03-31 05373044 frs-bus:SmallEntities 2024-04-01 2025-03-31 05373044 frs-bus:AuditExempt-NoAccountantsReport 2024-04-01 2025-03-31 05373044 frs-bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 05373044 frs-bus:Director1 2024-04-01 2025-03-31 05373044 frs-bus:Director1 2024-03-31 05373044 frs-bus:Director1 2025-03-31 05373044 frs-bus:Director2 2024-04-01 2025-03-31 05373044 frs-bus:Director2 2024-03-31 05373044 frs-bus:Director2 2025-03-31 05373044 frs-bus:Director3 2024-04-01 2025-03-31 05373044 frs-bus:CompanySecretary1 2024-04-01 2025-03-31 05373044 frs-core:CurrentFinancialInstruments 1 2025-03-31 05373044 frs-countries:EnglandWales 2024-04-01 2025-03-31 05373044 2023-03-31 05373044 2024-03-31 05373044 2023-04-01 2024-03-31 05373044 frs-core:CurrentFinancialInstruments 2024-03-31 05373044 frs-core:Non-currentFinancialInstruments 2024-03-31 05373044 frs-core:CapitalRedemptionReserve 2024-03-31 05373044 frs-core:ShareCapital 2024-03-31 05373044 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 05373044 frs-core:CurrentFinancialInstruments 1 2024-03-31
Registered number: 05373044
QAD Architects Ltd
Unaudited Financial Statements
For The Year Ended 31 March 2025
BCT Accountants Ltd
Beechley Minskip Road
Boroughbridge
York
North Yorkshire
YO51 9HY
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 05373044
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 5 2,469 2,112
2,469 2,112
CURRENT ASSETS
Stocks 6 177,797 125,959
Debtors 7 166,974 194,772
Cash at bank and in hand 48,544 4,935
393,315 325,666
Creditors: Amounts Falling Due Within One Year 8 (252,240 ) (219,842 )
NET CURRENT ASSETS (LIABILITIES) 141,075 105,824
TOTAL ASSETS LESS CURRENT LIABILITIES 143,544 107,936
Creditors: Amounts Falling Due After More Than One Year 9 (132,806 ) (95,615 )
NET ASSETS 10,738 12,321
CAPITAL AND RESERVES
Called up share capital 10 7,247 7,247
Capital redemption reserve 3,334 3,334
Profit and Loss Account 157 1,740
SHAREHOLDERS' FUNDS 10,738 12,321
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 Paul Wainwright
Director
23rd July 2025
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
QAD Architects Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 05373044 . The registered office is Greenhouse Beeston Road, Hunslet, Leeds, West Yorkshire, LS11 6AD.
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 rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
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:
Fixtures & Fittings 15% reducing balance
Computer Equipment 33% straight line
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.
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 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.
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3. Average Number of Employees
Average number of employees, including directors, during the year was as follows: 14 (2024: 15)
14 15
4. Intangible Assets
Goodwill
£
Cost
As at 1 April 2024 154,000
As at 31 March 2025 154,000
Amortisation
As at 1 April 2024 154,000
As at 31 March 2025 154,000
Net Book Value
As at 31 March 2025 -
As at 1 April 2024 -
5. Tangible Assets
Fixtures & Fittings Computer Equipment Total
£ £ £
Cost
As at 1 April 2024 10,665 32,379 43,044
Additions - 1,415 1,415
As at 31 March 2025 10,665 33,794 44,459
Depreciation
As at 1 April 2024 8,872 32,060 40,932
Provided during the period 269 789 1,058
As at 31 March 2025 9,141 32,849 41,990
Net Book Value
As at 31 March 2025 1,524 945 2,469
As at 1 April 2024 1,793 319 2,112
6. Stocks
2025 2024
£ £
Work in progress 177,797 125,959
7. Debtors
2025 2024
£ £
Due within one year
Trade debtors 137,031 170,351
Prepayments and accrued income 29,943 21,338
Directors' loan accounts - 3,083
166,974 194,772
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8. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 10,433 23,631
Bank loans and overdrafts 9,167 9,167
Corporation tax 89,367 51,879
Other taxes and social security 5,384 6,151
VAT 65,439 58,998
Other creditors 1,146 2,663
Other loans 70,949 67,028
Accruals and deferred income 340 325
Directors' loan accounts 15 -
252,240 219,842
9. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Bank loans 8,419 18,624
Other loan (over 1 year) 124,387 76,991
132,806 95,615
10. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 7,247 7,247
11. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 April 2024 Amounts advanced Amounts repaid Amounts written off As at 31 March 2025
£ £ £ £ £
Mr Ian Bryant 1,541 54,571 46,120 - 9,992
Mr Paul Wainwright 1,541 54,571 46,120 - 9,992
The above loan is unsecured, interest free and repayable on demand.
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