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 07986221 Mr Simone Gorini iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 07986221 2024-03-31 07986221 2025-03-31 07986221 2024-04-01 2025-03-31 07986221 frs-core:CurrentFinancialInstruments 2025-03-31 07986221 frs-core:ComputerEquipment 2025-03-31 07986221 frs-core:ComputerEquipment 2024-04-01 2025-03-31 07986221 frs-core:ComputerEquipment 2024-03-31 07986221 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2025-03-31 07986221 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-04-01 2025-03-31 07986221 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-03-31 07986221 frs-core:PlantMachinery 2025-03-31 07986221 frs-core:PlantMachinery 2024-04-01 2025-03-31 07986221 frs-core:PlantMachinery 2024-03-31 07986221 frs-core:RevaluationReserve 2024-04-01 2025-03-31 07986221 frs-core:RevaluationReserve 2025-03-31 07986221 frs-core:SharePremium 2025-03-31 07986221 frs-core:ShareCapital 2025-03-31 07986221 frs-core:RetainedEarningsAccumulatedLosses 2025-03-31 07986221 frs-bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 07986221 frs-bus:FilletedAccounts 2024-04-01 2025-03-31 07986221 frs-bus:SmallEntities 2024-04-01 2025-03-31 07986221 frs-bus:AuditExempt-NoAccountantsReport 2024-04-01 2025-03-31 07986221 frs-bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 07986221 frs-bus:Director1 2024-04-01 2025-03-31 07986221 frs-countries:EnglandWales 2024-04-01 2025-03-31 07986221 2023-03-31 07986221 2024-03-31 07986221 2023-04-01 2024-03-31 07986221 frs-core:CurrentFinancialInstruments 2024-03-31 07986221 frs-core:Non-currentFinancialInstruments 2024-03-31 07986221 frs-core:RevaluationReserve 2024-03-31 07986221 frs-core:SharePremium 2024-03-31 07986221 frs-core:ShareCapital 2024-03-31 07986221 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31
Registered number: 07986221
SIMPARTNERS LTD
Unaudited Financial Statements
For The Year Ended 31 March 2025
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—3
Page 1
Balance Sheet
Registered number: 07986221
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 1,565 1,816
1,565 1,816
CURRENT ASSETS
Debtors 5 2,335 2,881
Cash at bank and in hand 434 910
2,769 3,791
Creditors: Amounts Falling Due Within One Year 6 (248 ) (1,183 )
NET CURRENT ASSETS (LIABILITIES) 2,521 2,608
TOTAL ASSETS LESS CURRENT LIABILITIES 4,086 4,424
NET ASSETS 4,086 4,424
CAPITAL AND RESERVES
Called up share capital 7 1,000 1,000
Share premium account 17,496 18,261
Revaluation reserve 8 359 -
Profit and Loss Account (14,769 ) (14,837 )
SHAREHOLDERS' FUNDS 4,086 4,424
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 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 Profit and Loss Account.
On behalf of the board
Mr Simone Gorini
Director
09/08/2025
The notes on pages 2 to 3 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
SIMPARTNERS LTD is a private company, limited by shares, incorporated in England & Wales, registered number 07986221 . The registered office is Ludgate House, 107-111 Fleet Street, London, EC4A 2AB.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention apart from the accounting of owned plant and machinery, which is prepared under the fair value basis.
2.2. Turnover
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 using accrual basis and invoice date. When work is performed on a contracted or uncontracted monthly basis the turnover may be adjusted according to the stage of completion of the service over the twelve-month accounting period.
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:
Leasehold Straight Line method
Plant & Machinery Fair Value accounting
Computer Equipment Included in Plant and equipment.
A change in depreciation policy occurred this year. Plant and equipment is now valued using fair value accounting.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2024: 1)
1 1
4. Tangible Assets
Land & Property
Leasehold Plant & Machinery Computer Equipment Total
£ £ £ £
Cost or Valuation
As at 1 April 2024 5,352 983 1,092 7,427
Disposals - - (1,092 ) (1,092 )
Revaluation - 359 - 359
As at 31 March 2025 5,352 1,342 - 6,694
Depreciation
As at 1 April 2024 4,237 1,265 109 5,611
Provided during the period 892 - - 892
Disposals - (1,265 ) (109 ) (1,374 )
As at 31 March 2025 5,129 - - 5,129
Net Book Value
As at 31 March 2025 223 1,342 - 1,565
As at 1 April 2024 1,115 (282 ) 983 1,816
Page 2
Page 3
5. Debtors
2025 2024
£ £
Due within one year
Trade debtors 1,516 1,717
Other debtors 819 948
2,335 2,665
Due after more than one year
Amounts recoverable on contracts - 216
2,335 2,881
6. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors (1 ) (1 )
Other creditors 249 1,184
248 1,183
7. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 1,000 1,000
8. Reserves
Revaluation Reserve
£
Surplus on revaluation 359
As at 31 March 2025 359
Share premium reserve shows the amount of realised vat savings and dividends invested in the company during the years. It also includes funds invested in the business over the years coming from stakeholders non-business savings (MLR compliant).
Page 3