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Registered number: 01360795
Aedean Limited
Unaudited Financial Statements
For The Year Ended 30 April 2024
Contents
Page
Statement of Financial Position 1—2
Notes to the Financial Statements 3—6
Page 1
Statement of Financial Position
Registered number: 01360795
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 130,752 118,751
Investment Properties 5 200,000 200,000
330,752 318,751
CURRENT ASSETS
Stocks 6 2,500 2,500
Debtors 7 231,221 232,897
Cash at bank and in hand 9,274 14,499
242,995 249,896
Creditors: Amounts Falling Due Within One Year 8 (401,748 ) (291,163 )
NET CURRENT ASSETS (LIABILITIES) (158,753 ) (41,267 )
TOTAL ASSETS LESS CURRENT LIABILITIES 171,999 277,484
Creditors: Amounts Falling Due After More Than One Year 9 (122,559 ) (160,690 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (36,934 ) (18,115 )
NET ASSETS 12,506 98,679
CAPITAL AND RESERVES
Called up share capital 12 205 205
Revaluation reserve (4,022 ) (4,022 )
Other reserves 125 125
Income Statement 16,198 102,371
SHAREHOLDERS' FUNDS 12,506 98,679
Page 1
Page 2
For the year ending 30 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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 Income Statement.
On behalf of the board
A G Dean
Director
29/07/2025
The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Aedean Limited is a private company, limited by shares, incorporated in England & Wales, registered number 01360795 . The registered office is Suite 1, Pyrford House, Pyrford Road, West Byfleet,Surrey, KT14 6LD.
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.
Presentational Currency
The accounts are presented in and rounded to the nearest £1 sterling.
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:
Plant & Machinery 25% on cost
Motor Vehicles 25% on reducing balance
Fixtures & Fittings 25% on cost
2.4. Investment Properties
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss. 
Depreciation is not provided on the investment property. This treatment may be a departure from the requirements of the Companies Act concerning depreciation of fixed assets. However, the property is not held for consumption but for investment and the director considers that systematic annual depreciation would not be inappropriate.The accounting policy adopted is therefore necessary for the accounts to give a true and fair view. Depreciation is only one of the many factors reflected in the annual valuation and the amount which might otherwise have been shown cannot be separately identified or quantified.
2.5. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the income statement so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the income statement as incurred.
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2.6. Stocks and Work in Progress
Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis.
At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.
2.7. 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.
2.8. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the income statement as they become payable in accordance with the rules of the scheme.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 10 (2023: 10)
10 10
4. Tangible Assets
Motor Vehicles Fixtures & Fittings Total
£ £ £
Cost
As at 1 May 2023 162,681 15,354 178,035
Additions 42,214 6,354 48,568
As at 30 April 2024 204,895 21,708 226,603
Depreciation
As at 1 May 2023 50,805 8,479 59,284
Provided during the period 33,132 3,435 36,567
As at 30 April 2024 83,937 11,914 95,851
Net Book Value
As at 30 April 2024 120,958 9,794 130,752
As at 1 May 2023 111,876 6,875 118,751
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Page 5
Included above are assets held under finance leases or hire purchase contracts with a net book value as follows:
2024 2023
£ £
Motor Vehicles 94,387 88,650
5. Investment Property
2024
£
Fair Value
As at 1 May 2023 and 30 April 2024 200,000
6. Stocks
2024 2023
£ £
Materials 2,500 2,500
7. Debtors
2024 2023
£ £
Due within one year
Trade debtors 177,159 188,752
Prepayments and accrued income 3,287 9,400
Other debtors 12,441 2,350
Corporation tax recoverable assets 8,096 8,096
Director's loan account 30,238 24,299
231,221 232,897
8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 30,718 27,960
Trade creditors 68,311 59,965
Bank loans and overdrafts 53,477 45,424
Other loans 23,000 9,000
Corporation tax 100,720 75,015
Other taxes and social security 41,850 13,284
VAT 73,472 43,541
Net wages 1,302 6,277
Other creditors 2,788 6,297
Accruals and deferred income 6,110 4,400
401,748 291,163
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9. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 41,851 45,529
Bank loans 80,708 115,161
122,559 160,690
10. Secured Creditors
Of the creditors the following amounts are secured.
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 72,569 73,489
Bank loans and overdrafts 134,365 160,585
11. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year 30,718 27,960
Later than one year and not later than five years 41,851 -
Later than five years - 45,529
72,569 73,489
72,569 73,489
12. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 205 205
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