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Registered number: 11333201
Staxson Ltd
Unaudited Financial Statements
For The Year Ended 30 April 2025
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—8
Page 1
Balance Sheet
Registered number: 11333201
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 486,922 280,927
486,922 280,927
CURRENT ASSETS
Stocks 5 1,357 986
Debtors 6 888,803 727,733
Cash at bank and in hand 748,954 348,114
1,639,114 1,076,833
Creditors: Amounts Falling Due Within One Year 7 (685,419 ) (249,078 )
NET CURRENT ASSETS (LIABILITIES) 953,695 827,755
TOTAL ASSETS LESS CURRENT LIABILITIES 1,440,617 1,108,682
Creditors: Amounts Falling Due After More Than One Year 8 (68,437 ) -
PROVISIONS FOR LIABILITIES
Deferred Taxation (41,329 ) (4,830 )
NET ASSETS 1,330,851 1,103,852
CAPITAL AND RESERVES
Called up share capital 40 40
Revaluation reserve 45,801 13,283
Profit and Loss Account 1,285,010 1,090,529
SHAREHOLDERS' FUNDS 1,330,851 1,103,852
Page 1
Page 2
For the year ending 30 April 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
S Ingram
Director
12 August 2025
The notes on pages 3 to 8 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Staxson Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 11333201 . The registered office is Unit 4 Castle Road, Glenmore Business Park, Sittingbourne, ME10 3FX.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
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.
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 initially measured at cost less accumulated depreciation and any accumulated impairment losses. 
Assets are then carried in the Balance Sheet using the following measurement basis:
  • Leasehold property - revalued to fair value
  • All other assets - depreciated historical cost
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 property 50 years straight line basis
Plant & Machinery 25% reducing balance basis
Motor Vehicles 25% reducing balance basis
Fixtures & Fittings 20% reducing balance basis
Computer Equipment 3 years straight line basis
Page 3
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2.4. 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 the profit and loss account as incurred.
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. Financial Instruments
The company applies the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments.
Basic financial assets and liabilities are initially measured at transaction price and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets and liabilities classified as receivable or payable within one year are not amortised.
Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs.
2.7. 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.
2.8. 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.
...CONTINUED
Page 4
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2.8. Taxation - continued
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.
2.9. Cash and cash equivalents
Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with
banks, other short-term liquid investments with original maturities of three months or less, and bank
overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 6 (2024: 3)
6 3
4. Tangible Assets
Land & Property
Leasehold property Plant & Machinery Motor Vehicles Fixtures & Fittings
£ £ £ £
Cost or Valuation
As at 1 May 2024 250,000 3,317 33,725 2,818
Additions - 11,244 185,584 314
Revaluation 30,000 - - -
As at 30 April 2025 280,000 14,561 219,309 3,132
Depreciation
As at 1 May 2024 - 536 11,963 345
Provided during the period 2,784 1,405 21,105 542
On revaluations (2,784 ) - - -
As at 30 April 2025 - 1,941 33,068 887
Net Book Value
As at 30 April 2025 280,000 12,620 186,241 2,245
As at 1 May 2024 250,000 2,781 21,762 2,473
Page 5
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Computer Equipment Total
£ £
Cost or Valuation
As at 1 May 2024 5,296 295,156
Additions 3,831 200,973
Revaluation - 30,000
As at 30 April 2025 9,127 526,129
Depreciation
As at 1 May 2024 1,385 14,229
Provided during the period 1,926 27,762
On revaluations - (2,784 )
As at 30 April 2025 3,311 39,207
Net Book Value
As at 30 April 2025 5,816 486,922
As at 1 May 2024 3,911 280,927
Cost or valuation as at 30 April 2025 represented by:
Land & Property
Leasehold property Plant & Machinery Motor Vehicles Fixtures & Fittings
£ £ £ £
At cost - 14,561 219,309 3,132
At valuation 280,000 - - -
280,000 14,561 219,309 3,132
Computer Equipment Total
£ £
At cost 9,127 246,129
At valuation - 280,000
9,127 526,129
Leashold property was revalued by the director following advice from an independent valuer at 30 April 2025.
Page 6
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5. Stocks
2025 2024
£ £
Stock 1,357 986
6. Debtors
2025 2024
£ £
Due within one year
Trade debtors 427,303 403,031
Prepayments and accrued income 41,533 39,271
Other debtors 419,967 284,697
VAT - 734
888,803 727,733
7. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Net obligations under finance lease and hire purchase contracts 11,955 -
Trade creditors 444,920 87,096
Corporation tax 94,169 144,666
Other taxes and social security 18,450 14,501
VAT 32,114 -
Other creditors 42,887 -
Accruals and deferred income 7,422 497
Directors' loan accounts 33,502 2,318
685,419 249,078
8. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Net obligations under finance lease and hire purchase contracts 68,437 -
Page 7
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9. Obligations Under Finance Leases and Hire Purchase
2025 2024
£ £
The future minimum finance lease payments are as follows:
Not later than one year 11,955 -
Later than one year and not later than five years 68,437 -
80,392 -
80,392 -
Page 8