Acorah Software Products - Accounts Production 16.4.675 false true 31 January 2024 1 February 2023 false 1 February 2024 31 January 2025 31 January 2025 05332513 Mr Matthew Sains iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 05332513 2024-01-31 05332513 2025-01-31 05332513 2024-02-01 2025-01-31 05332513 frs-core:CurrentFinancialInstruments 2025-01-31 05332513 frs-core:Non-currentFinancialInstruments 2025-01-31 05332513 frs-core:BetweenOneFiveYears 2025-01-31 05332513 frs-core:ComputerEquipment 2025-01-31 05332513 frs-core:ComputerEquipment 2024-02-01 2025-01-31 05332513 frs-core:ComputerEquipment 2024-01-31 05332513 frs-core:FurnitureFittings 2025-01-31 05332513 frs-core:FurnitureFittings 2024-02-01 2025-01-31 05332513 frs-core:FurnitureFittings 2024-01-31 05332513 frs-core:MotorVehicles 2025-01-31 05332513 frs-core:MotorVehicles 2024-02-01 2025-01-31 05332513 frs-core:MotorVehicles 2024-01-31 05332513 frs-core:WithinOneYear 2025-01-31 05332513 frs-core:ShareCapital 2025-01-31 05332513 frs-core:RetainedEarningsAccumulatedLosses 2025-01-31 05332513 frs-bus:PrivateLimitedCompanyLtd 2024-02-01 2025-01-31 05332513 frs-bus:FilletedAccounts 2024-02-01 2025-01-31 05332513 frs-bus:SmallEntities 2024-02-01 2025-01-31 05332513 frs-bus:AuditExempt-NoAccountantsReport 2024-02-01 2025-01-31 05332513 frs-bus:SmallCompaniesRegimeForAccounts 2024-02-01 2025-01-31 05332513 frs-bus:Director1 2024-02-01 2025-01-31 05332513 frs-countries:EnglandWales 2024-02-01 2025-01-31 05332513 2023-01-31 05332513 2024-01-31 05332513 2023-02-01 2024-01-31 05332513 frs-core:CurrentFinancialInstruments 2024-01-31 05332513 frs-core:Non-currentFinancialInstruments 2024-01-31 05332513 frs-core:BetweenOneFiveYears 2024-01-31 05332513 frs-core:WithinOneYear 2024-01-31 05332513 frs-core:ShareCapital 2024-01-31 05332513 frs-core:RetainedEarningsAccumulatedLosses 2024-01-31
Registered number: 05332513
Compute4u Limited
Unaudited Financial Statements
For The Year Ended 31 January 2025
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 05332513
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 106,026 124,741
106,026 124,741
CURRENT ASSETS
Stocks 5 1,370 1,250
Debtors 6 246,841 253,234
Cash at bank and in hand 148,995 46,225
397,206 300,709
Creditors: Amounts Falling Due Within One Year 7 (206,357 ) (219,997 )
NET CURRENT ASSETS (LIABILITIES) 190,849 80,712
TOTAL ASSETS LESS CURRENT LIABILITIES 296,875 205,453
Creditors: Amounts Falling Due After More Than One Year 8 (115,394 ) (61,724 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (14,990 ) (16,446 )
NET ASSETS 166,491 127,283
CAPITAL AND RESERVES
Called up share capital 10 2 2
Profit and Loss Account 166,489 127,281
SHAREHOLDERS' FUNDS 166,491 127,283
Page 1
Page 2
For the year ending 31 January 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 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 Matthew Sains
Director
08/08/2025
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
Compute4u Limited is a private company, limited by shares, incorporated in England & Wales, registered number 05332513 . The registered office is Unit 34 The Joiners Shop, The Historic Dockyard, Chatham, Kent, ME4 4TZ.
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. 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.
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:
Motor Vehicles 25% WDV
Fixtures & Fittings 15% WDV
Computer Equipment 15% WDV
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.
Page 3
Page 4
2.6. 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 in respect of all timing differences that have originated but not reversed at the balance
sheet date.
Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from
those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that
have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the
timing difference.
Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they
will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also 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: 4 (2024: 6)
4 6
4. Tangible Assets
Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 February 2024 87,300 561 384,043 471,904
As at 31 January 2025 87,300 561 384,043 471,904
Depreciation
As at 1 February 2024 30,276 84 316,803 347,163
Provided during the period 8,553 10,162 - 18,715
As at 31 January 2025 38,829 10,246 316,803 365,878
Net Book Value
As at 31 January 2025 48,471 (9,685 ) 67,240 106,026
As at 1 February 2024 57,024 477 67,240 124,741
5. Stocks
2025 2024
£ £
Stock 1,370 1,250
Page 4
Page 5
6. Debtors
2025 2024
£ £
Due within one year
Trade debtors 246,036 252,319
Other debtors 805 915
246,841 253,234
7. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Net obligations under finance lease and hire purchase contracts 11,698 11,698
Trade creditors 47,519 52,295
Bank loans and overdrafts 24,213 20,000
Corporation tax 24,561 10,828
Other taxes and social security 708 -
VAT 37,273 32,470
Other creditors 34,153 24,552
Accruals and deferred income 2,966 2,500
Director's loan account 22,842 30,250
Amounts owed to other participating interests 424 35,404
206,357 219,997
8. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Net obligations under finance lease and hire purchase contracts 13,648 25,347
Bank loans 101,746 36,377
115,394 61,724
9. Obligations Under Finance Leases and Hire Purchase
2025 2024
£ £
The future minimum finance lease payments are as follows:
Not later than one year 11,698 11,698
Later than one year and not later than five years 13,648 25,347
25,346 37,045
25,346 37,045
Page 5
Page 6
10. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 2 2
11. Related Party Transactions
Included in the Other Creditors is an amount owed from RMX Holdings Ltd Ltd totalling £424 (2024 - £35,404), for which Mr M Sains is a director. No interest is to be charged and no repayment terms have been agreed.
Included in the Other Creditors is an amount owed to the company director Mr M Sains totalling £22,842 (2024 - £30,250), no interest is to be charged.
Page 6