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 11648918 Mr P Colby Mrs E A Colby iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 11648918 2024-03-31 11648918 2025-03-31 11648918 2024-04-01 2025-03-31 11648918 frs-core:CurrentFinancialInstruments 2025-03-31 11648918 frs-core:Non-currentFinancialInstruments 2025-03-31 11648918 frs-core:ComputerEquipment 2025-03-31 11648918 frs-core:ComputerEquipment 2024-04-01 2025-03-31 11648918 frs-core:ComputerEquipment 2024-03-31 11648918 frs-core:FurnitureFittings 2025-03-31 11648918 frs-core:FurnitureFittings 2024-04-01 2025-03-31 11648918 frs-core:FurnitureFittings 2024-03-31 11648918 frs-core:MotorVehicles 2025-03-31 11648918 frs-core:MotorVehicles 2024-04-01 2025-03-31 11648918 frs-core:MotorVehicles 2024-03-31 11648918 frs-core:ShareCapital 2025-03-31 11648918 frs-core:RetainedEarningsAccumulatedLosses 2025-03-31 11648918 frs-bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 11648918 frs-bus:FilletedAccounts 2024-04-01 2025-03-31 11648918 frs-bus:SmallEntities 2024-04-01 2025-03-31 11648918 frs-bus:AuditExempt-NoAccountantsReport 2024-04-01 2025-03-31 11648918 frs-bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 11648918 frs-bus:Director1 2024-04-01 2025-03-31 11648918 frs-bus:CompanySecretary1 2024-04-01 2025-03-31 11648918 frs-countries:EnglandWales 2024-04-01 2025-03-31 11648918 2023-03-31 11648918 2024-03-31 11648918 2023-04-01 2024-03-31 11648918 frs-core:CurrentFinancialInstruments 2024-03-31 11648918 frs-core:Non-currentFinancialInstruments 2024-03-31 11648918 frs-core:ShareCapital 2024-03-31 11648918 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31
Registered number: 11648918
Pragmatism (UK) Ltd
Unaudited Financial Statements
For The Year Ended 31 March 2025
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 11648918
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 31,792 43,689
31,792 43,689
CURRENT ASSETS
Debtors 5 55,127 28,890
Cash at bank and in hand 22,462 21,129
77,589 50,019
Creditors: Amounts Falling Due Within One Year 6 (85,888 ) (50,371 )
NET CURRENT ASSETS (LIABILITIES) (8,299 ) (352 )
TOTAL ASSETS LESS CURRENT LIABILITIES 23,493 43,337
Creditors: Amounts Falling Due After More Than One Year 7 (372 ) (1,690 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (5,919 ) (10,922 )
NET ASSETS 17,202 30,725
CAPITAL AND RESERVES
Called up share capital 8 20 20
Profit and Loss Account 17,182 30,705
SHAREHOLDERS' FUNDS 17,202 30,725
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 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 P Colby
Director
19th August 2025
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Pragmatism (UK) Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 11648918 . The registered office is 4 Cross Street, Beeston, Nottingham, NG9 2NX.
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:
Motor Vehicles 25% reducing balance
Fixtures & Fittings 25% reducing balance
Computer Equipment 33% straight line
2.4. 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2024: 3)
2 3
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Page 4
4. Tangible Assets
Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 April 2024 63,059 5,729 16,696 85,484
Additions - 872 - 872
As at 31 March 2025 63,059 6,601 16,696 86,356
Depreciation
As at 1 April 2024 27,588 2,016 12,191 41,795
Provided during the period 8,868 1,146 2,755 12,769
As at 31 March 2025 36,456 3,162 14,946 54,564
Net Book Value
As at 31 March 2025 26,603 3,439 1,750 31,792
As at 1 April 2024 35,471 3,713 4,505 43,689
5. Debtors
2025 2024
£ £
Due within one year
Trade debtors 51,899 26,965
Prepayments and accrued income 3,228 1,925
55,127 28,890
6. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 370 244
Bank loans and overdrafts 1,352 1,352
Corporation tax 8,917 19,671
VAT 22,613 10,983
Other creditors - 376
Accruals and deferred income 50,639 15,525
Director's loan account 1,997 2,220
85,888 50,371
7. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Bank loans 372 1,690
8. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 20 20
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