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Registered number: 12033432
Oculus Wealth Management (Leicestershire) Limited
Unaudited Financial Statements
For The Year Ended 31 December 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 12033432
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 31,077 46,491
31,077 46,491
CURRENT ASSETS
Debtors 5 323,597 248,161
Investments 6 276,931 -
Cash at bank and in hand 598,388 764,872
1,198,916 1,013,033
Creditors: Amounts Falling Due Within One Year 7 (249,853 ) (250,732 )
NET CURRENT ASSETS (LIABILITIES) 949,063 762,301
TOTAL ASSETS LESS CURRENT LIABILITIES 980,140 808,792
Creditors: Amounts Falling Due After More Than One Year 8 (33,581 ) (42,054 )
PROVISIONS FOR LIABILITIES
Deferred Taxation 10 (6,330 ) -
NET ASSETS 940,229 766,738
CAPITAL AND RESERVES
Called up share capital 11 104 104
Profit and Loss Account 940,125 766,634
SHAREHOLDERS' FUNDS 940,229 766,738
Page 1
Page 2
For the year ending 31 December 2024 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 Phillip Wood
Director
31/07/2025
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
Oculus Wealth Management (Leicestershire) Limited is a private company, limited by shares, incorporated in England & Wales, registered number 12033432 . The registered office is 2 Grove Park Court, Harrogate, HG1 4DP.
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.
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.
2.3. 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:
Plant & Machinery 25% straight line
Motor Vehicles 25% straight line
Fixtures & Fittings 25% straight line
Computer Equipment 25% straight line
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.
2.5. Cash and Cash Equivalents
Cash and cash equivalents are basic financial assets and include cash in hand and deposits held at call with banks, other short-term highly liquid investments that mature in no more than three months from the date of acquisition and are readily convertible to a known amount of cash with insignificant risk of change in value, and bank overdrafts.
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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 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 asset reflects 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 is 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.
2.7. Investments
Investments relate to listed investments that are initially measured at fair value, which is normally the transaction price. Such assets are subsequently carried at fair value and the changes in fair value are recognised in profit or loss.  
2.8. Debtors
Debtors are recorded intially at fair value and subsequently at amortised cost, after deduction of impairment provision. 
2.9. Creditors
Creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers.
Creditors are initially recognised at fair value and subsequently measured at amortised cost using the effective interest method. 
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2023: 1)
1 1
4. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 January 2024 1,049 58,941 208 3,923 64,121
Additions - - 130 21 151
As at 31 December 2024 1,049 58,941 338 3,944 64,272
Depreciation
As at 1 January 2024 262 14,735 115 2,518 17,630
Provided during the period 262 14,735 30 538 15,565
As at 31 December 2024 524 29,470 145 3,056 33,195
...CONTINUED
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Page 5
Net Book Value
As at 31 December 2024 525 29,471 193 888 31,077
As at 1 January 2024 787 44,206 93 1,405 46,491
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 107,679 86,080
Prepayments and accrued income 215,918 162,081
323,597 248,161
6. Current Asset Investments
2024 2023
£ £
Listed investments 276,931 -
The listed investments are held in an investment portfolio and can be reliably measured. At year end, they are revalued to reflect the fair value of the investments. 
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 8,344 7,676
Trade creditors 52,112 37,823
Corporation tax 70,801 140,196
Other taxes and social security 6,477 5,546
Accruals and deferred income 111,323 59,089
Director's loan account 796 402
249,853 250,732
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 33,581 42,054
9. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year 8,344 7,676
Later than one year and not later than five years 33,581 42,054
41,925 49,730
41,925 49,730
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10. Deferred Taxation
The provision for deferred tax is made up as follows:
2024 2023
£ £
Other timing differences 6,330 -
11. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 104 104
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