Acorah Software Products - Accounts Production 16.3.350 false true true 31 March 2024 1 April 2023 false 1 April 2024 31 March 2025 31 March 2025 09649675 Ms Alice Ross Mrs Rebecca Monserat iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 09649675 2024-03-31 09649675 2025-03-31 09649675 2024-04-01 2025-03-31 09649675 frs-core:CurrentFinancialInstruments 2025-03-31 09649675 frs-core:Non-currentFinancialInstruments 2025-03-31 09649675 frs-core:ComputerEquipment 2025-03-31 09649675 frs-core:ComputerEquipment 2024-04-01 2025-03-31 09649675 frs-core:ComputerEquipment 2024-03-31 09649675 frs-core:PlantMachinery 2025-03-31 09649675 frs-core:PlantMachinery 2024-04-01 2025-03-31 09649675 frs-core:PlantMachinery 2024-03-31 09649675 frs-core:ShareCapital 2025-03-31 09649675 frs-core:RetainedEarningsAccumulatedLosses 2025-03-31 09649675 frs-bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 09649675 frs-bus:FilletedAccounts 2024-04-01 2025-03-31 09649675 frs-bus:SmallEntities 2024-04-01 2025-03-31 09649675 frs-bus:AuditExempt-NoAccountantsReport 2024-04-01 2025-03-31 09649675 frs-bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 09649675 frs-bus:Director1 2024-04-01 2025-03-31 09649675 frs-bus:Director2 2024-04-01 2025-03-31 09649675 frs-countries:EnglandWales 2024-04-01 2025-03-31 09649675 2023-03-31 09649675 2024-03-31 09649675 2023-04-01 2024-03-31 09649675 frs-core:CurrentFinancialInstruments 2024-03-31 09649675 frs-core:Non-currentFinancialInstruments 2024-03-31 09649675 frs-core:ShareCapital 2024-03-31 09649675 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31
Registered number: 09649675
Forivor Ltd
Unaudited Financial Statements
For The Year Ended 31 March 2025
Joanna Burns t/a MyCloud-Accounts
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 09649675
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 710 685
710 685
CURRENT ASSETS
Stocks 5 50,299 28,066
Debtors 6 10,392 2,211
Cash at bank and in hand 10,615 4,696
71,306 34,973
Creditors: Amounts Falling Due Within One Year 7 (175,872 ) (87,038 )
NET CURRENT ASSETS (LIABILITIES) (104,566 ) (52,065 )
TOTAL ASSETS LESS CURRENT LIABILITIES (103,856 ) (51,380 )
Creditors: Amounts Falling Due After More Than One Year 8 (231 ) (1,292 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (135 ) (130 )
NET LIABILITIES (104,222 ) (52,802 )
CAPITAL AND RESERVES
Called up share capital 9 100 100
Profit and Loss Account (104,322 ) (52,902 )
SHAREHOLDERS' FUNDS (104,222) (52,802)
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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
Ms Alice Ross
Director
03/08/2025
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
Forivor Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 09649675 . The registered office is Maesyronnen Farm, Glasbury, Hereford, HR3 5NJ.
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. Going Concern Disclosure
The directors have assessed the company’s ability to continue as a going concern and have not identified any material uncertainties that may cast significant doubt on the company’s ability to do so for a period of at least twelve months from the date of approval of the financial statements. The directors remain committed to supporting the company’s operations and confirm that they have adequate resources to continue in operational existence for the foreseeable future. Accordingly, the financial statements have been prepared on a going concern basis.
2.3. 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.
2.4. 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:
Plant & Machinery Straight line, 3 years
Computer Equipment Straight line, 3 years
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. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
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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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2024: 2)
2 2
4. Tangible Assets
Plant & Machinery Computer Equipment Total
£ £ £
Cost
As at 1 April 2024 159 1,404 1,563
Additions - 509 509
As at 31 March 2025 159 1,913 2,072
Depreciation
As at 1 April 2024 97 781 878
Provided during the period 53 431 484
As at 31 March 2025 150 1,212 1,362
Net Book Value
As at 31 March 2025 9 701 710
As at 1 April 2024 62 623 685
5. Stocks
2025 2024
£ £
Stock 50,299 28,066
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6. Debtors
2025 2024
£ £
Due within one year
Trade debtors 6,082 1,072
Other debtors 4,310 1,139
10,392 2,211
7. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 36,612 27,042
Bank loans and overdrafts 1,001 916
Other loans 22,985 8,843
Other creditors 114,799 48,132
Taxation and social security 475 2,105
175,872 87,038
8. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Bank loans 231 1,292
9. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 100 100
10. Related Party Transactions
Directors’ Loans
At the balance sheet date, the company owed funds to the directors. These amounts are unsecured, interest-free, and repayable on demand. While the directors have no current intention to demand repayment within the next twelve months, the amounts remain classified as current liabilities in accordance with the terms.
At the balance sheet date, the company owed the following amounts to directors:
Director 2£13, 949

Director 2

£13, 949

Director 1£ 94, 765

Director 1

£ 94, 765

11. Receivables Purchase Arrangement
In July 2024, the company entered into a receivables purchase agreement with a third-party purchaser (YL I Limited/ Shopify) for the sale of 10% of all current and future card receivables, up to a maximum total consideration of £12,540. The company received an initial advance of £11,000, and a finance cost of £1,540 has been recognised in the profit and loss account to reflect the discounted nature of the arrangement.
The transaction has not been accounted for as a full derecognition of the underlying receivables. Instead, receipts from card sales are recognised as revenue in the normal course of business and are applied to offset the outstanding balance owed to YL I Limited. As at 31 March 2025, the outstanding liability under the arrangement was £766.87.
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