Acorah Software Products - Accounts Production 16.3.350 false true 31 March 2024 1 April 2023 false 1 April 2024 31 March 2025 31 March 2025 04686042 Mr James Richmond Mr Ben Clifford Mr James Richmond iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 04686042 2024-03-31 04686042 2025-03-31 04686042 2024-04-01 2025-03-31 04686042 frs-core:CurrentFinancialInstruments 2025-03-31 04686042 frs-core:Non-currentFinancialInstruments 2025-03-31 04686042 frs-core:ComputerEquipment 2025-03-31 04686042 frs-core:ComputerEquipment 2024-04-01 2025-03-31 04686042 frs-core:ComputerEquipment 2024-03-31 04686042 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2025-03-31 04686042 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2024-04-01 2025-03-31 04686042 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2024-03-31 04686042 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2025-03-31 04686042 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-04-01 2025-03-31 04686042 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-03-31 04686042 frs-core:PlantMachinery 2025-03-31 04686042 frs-core:PlantMachinery 2024-04-01 2025-03-31 04686042 frs-core:PlantMachinery 2024-03-31 04686042 frs-core:OtherReservesSubtotal 2025-03-31 04686042 frs-core:SharePremium 2025-03-31 04686042 frs-core:ShareCapital 2025-03-31 04686042 frs-core:RetainedEarningsAccumulatedLosses 2025-03-31 04686042 frs-bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 04686042 frs-bus:FilletedAccounts 2024-04-01 2025-03-31 04686042 frs-bus:SmallEntities 2024-04-01 2025-03-31 04686042 frs-bus:AuditExempt-NoAccountantsReport 2024-04-01 2025-03-31 04686042 frs-bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 04686042 frs-bus:Director1 2024-04-01 2025-03-31 04686042 frs-bus:Director2 2024-04-01 2025-03-31 04686042 frs-bus:Director2 2024-03-31 04686042 frs-bus:Director2 2025-03-31 04686042 frs-bus:CompanySecretary1 2024-04-01 2025-03-31 04686042 frs-countries:EnglandWales 2024-04-01 2025-03-31 04686042 2023-03-31 04686042 2024-03-31 04686042 2023-04-01 2024-03-31 04686042 frs-core:CurrentFinancialInstruments 2024-03-31 04686042 frs-core:Non-currentFinancialInstruments 2024-03-31 04686042 frs-core:OtherReservesSubtotal 2024-03-31 04686042 frs-core:SharePremium 2024-03-31 04686042 frs-core:ShareCapital 2024-03-31 04686042 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31
Registered number: 04686042
Nevaya Limited
Unaudited Financial Statements
For The Year Ended 31 March 2025
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—8
Page 1
Balance Sheet
Registered number: 04686042
2025 2024
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 3 747,807 712,342
Tangible Assets 4 692,912 743,886
1,440,719 1,456,228
CURRENT ASSETS
Stocks 5 550,759 684,622
Debtors 6 246,522 753,445
Cash at bank and in hand 1,064,614 705,797
1,861,895 2,143,864
Creditors: Amounts Falling Due Within One Year 7 (1,817,537 ) (2,023,741 )
NET CURRENT ASSETS (LIABILITIES) 44,358 120,123
TOTAL ASSETS LESS CURRENT LIABILITIES 1,485,077 1,576,351
Creditors: Amounts Falling Due After More Than One Year 8 (175,797 ) (253,426 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (268,905 ) (271,390 )
NET ASSETS 1,040,375 1,051,535
CAPITAL AND RESERVES
Called up share capital 10 2 2
Share premium account 2,844 2,844
Other reserves 98,364 30,079
Profit and Loss Account 939,165 1,018,610
SHAREHOLDERS' FUNDS 1,040,375 1,051,535
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 James Richmond
Director
28th July 2025
The notes on pages 3 to 8 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. Accounting Policies
1.1. 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.
1.2. 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.
1.3. Research and Development
In the research phase of an internal project it is not possible to demonstrate that the project will generate future economic benefits and hence all expenditure on research is recognised as an expense when it is incurred. Intangible assets are recognised from the development phase of a project if and only if certain specific criteria are met in order to demonstrate the asset will generate probable future economic benefits and that its cost can be reliably measured. The capitalised development costs are subsequently amortised on a straight line basis over 5 years.
If it is not possible to distinguish between the research phase and the development phase of an internal project the expenditure is treated as if it were all incurred in the research phase only.
1.4. 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 0%-25% reducing balance
Plant & Machinery 25% reducing balance
Computer Equipment 25% reducing balance
Page 3
Page 4
1.5. 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 profit and loss account 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 profit and loss account as incurred.
1.6. 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.
1.7. 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.
1.8. 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.
Page 4
Page 5
1.9. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
1.10. Share-based payments
Equity-settled share-based payments are measured at fair value at the date of grant by reference to the fair value of the equity instruments granted using the Black Scholes model. The fair value determined at the grant date is expensed on a straight-line basis over the vesting period, based on the estimate of shares that  will eventually vest. A corresponding adjustment is made to equity.
When the terms and conditions of equity-settled share-based payments at the time they were granted are subsequently modified, the fair value of the share-based payment under the original terms and conditions and under the modified terms and conditions are both determined at the date of the modification. Any excess of the modified fair value over the original fair value is recognised over the remaining vesting period in addition to the grant date fair value of the original share-based payment. The share-based payment expense is not adjusted if the modified fair value is less than the original fair value.
Cancellations or settlements (including those resulting from employee redundancies) are treated as an acceleration of vesting and the amount that would have been recognised over the remaining vesting period is recognised immediately.
2. Average Number of Employees
Average number of employees, including directors, during the year was as follows: 13 (2024: 14)
13 14
3. Intangible Assets
Development Costs
£
Cost
As at 1 April 2024 2,877,009
Additions 416,633
As at 31 March 2025 3,293,642
Amortisation
As at 1 April 2024 2,164,667
Provided during the period 381,168
As at 31 March 2025 2,545,835
Net Book Value
As at 31 March 2025 747,807
As at 1 April 2024 712,342
Page 5
Page 6
4. Tangible Assets
Land & Property
Leasehold Plant & Machinery Computer Equipment Total
£ £ £ £
Cost
As at 1 April 2024 383,712 393,075 208,855 985,642
Additions 6,354 8,087 39,132 53,573
Disposals - - (5,244 ) (5,244 )
As at 31 March 2025 390,066 401,162 242,743 1,033,971
Depreciation
As at 1 April 2024 7,189 176,902 57,665 241,756
Provided during the period 15,618 48,241 38,549 102,408
Disposals - - (3,105 ) (3,105 )
As at 31 March 2025 22,807 225,143 93,109 341,059
Net Book Value
As at 31 March 2025 367,259 176,019 149,634 692,912
As at 1 April 2024 376,523 216,173 151,190 743,886
5. Stocks
2025 2024
£ £
Stock 550,759 684,622
6. Debtors
2025 2024
£ £
Due within one year
Trade debtors 191,529 660,340
Other debtors 54,993 93,105
246,522 753,445
Page 6
Page 7
7. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 162,525 464,766
Bank loans and overdrafts 77,199 129,983
Other creditors 1,424,988 1,294,393
Taxation and social security 152,825 134,599
1,817,537 2,023,741
8. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Bank loans 175,797 253,426
175,797 253,426
9. Secured Creditors
Of the creditors the following amounts are secured.
2025 2024
£ £
Bank loans and overdrafts 252,996 383,409
10. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 2 2
11. Other Commitments
The total of future minimum lease payments under non-cancellable operating leases are as following:
2025
2024
£
£
Within 1 year
15,132
25,940
Between 1 and 5 years
-
15,132
image
image
15,132
image
41,072
image
Page 7
Page 8
12. 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 Ben Clifford - 3,057 - - 3,057
The above loan is unsecured, interest free and repayable on demand.
13. Related Party Transactions
During the year dividends of £560,000 (2024: £551,884) were paid to the shareholders.
14. General Information
Nevaya Limited is a private company, limited by shares, incorporated in England & Wales, registered number 04686042 . The registered office is Unit 17 Cirencester Office Park, Tetbury Road, Cirencester.
Page 8