Acorah Software Products - Accounts Production 16.5.460 false true 31 March 2024 1 April 2023 false 1 April 2024 31 March 2025 31 March 2025 07166965 F A Nicolas L J Nicolas iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 07166965 2024-03-31 07166965 2025-03-31 07166965 2024-04-01 2025-03-31 07166965 frs-core:CurrentFinancialInstruments 2025-03-31 07166965 frs-core:Non-currentFinancialInstruments 2025-03-31 07166965 frs-core:ComputerEquipment 2025-03-31 07166965 frs-core:ComputerEquipment 2024-04-01 2025-03-31 07166965 frs-core:ComputerEquipment 2024-03-31 07166965 frs-core:FurnitureFittings 2025-03-31 07166965 frs-core:FurnitureFittings 2024-04-01 2025-03-31 07166965 frs-core:FurnitureFittings 2024-03-31 07166965 frs-core:NetGoodwill 2025-03-31 07166965 frs-core:NetGoodwill 2024-04-01 2025-03-31 07166965 frs-core:NetGoodwill 2024-03-31 07166965 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2025-03-31 07166965 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-04-01 2025-03-31 07166965 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-03-31 07166965 frs-core:ShareCapital 2025-03-31 07166965 frs-core:RetainedEarningsAccumulatedLosses 2025-03-31 07166965 frs-bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 07166965 frs-bus:FilletedAccounts 2024-04-01 2025-03-31 07166965 frs-bus:SmallEntities 2024-04-01 2025-03-31 07166965 frs-bus:AuditExempt-NoAccountantsReport 2024-04-01 2025-03-31 07166965 frs-bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 07166965 frs-bus:Director1 2024-04-01 2025-03-31 07166965 frs-bus:Director1 2024-03-31 07166965 frs-bus:Director1 2025-03-31 07166965 frs-bus:CompanySecretary1 2024-04-01 2025-03-31 07166965 frs-countries:EnglandWales 2024-04-01 2025-03-31 07166965 2023-03-31 07166965 2024-03-31 07166965 2023-04-01 2024-03-31 07166965 frs-core:CurrentFinancialInstruments 2024-03-31 07166965 frs-core:Non-currentFinancialInstruments 2024-03-31 07166965 frs-core:ShareCapital 2024-03-31 07166965 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31
Registered number: 07166965
F. Nicolas Franchising Limited
Unaudited Financial Statements
For The Year Ended 31 March 2025
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 07166965
2025 2024
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 68,813 95,115
Tangible Assets 5 41,396 51,032
110,209 146,147
CURRENT ASSETS
Stocks 7,000 9,450
Debtors 6 35,472 41,752
Cash at bank and in hand 198,751 297,894
241,223 349,096
Creditors: Amounts Falling Due Within One Year 7 (140,968 ) (214,780 )
NET CURRENT ASSETS (LIABILITIES) 100,255 134,316
TOTAL ASSETS LESS CURRENT LIABILITIES 210,464 280,463
Creditors: Amounts Falling Due After More Than One Year 8 (8,973 ) (24,800 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (10,349 ) (3,715 )
NET ASSETS 191,142 251,948
CAPITAL AND RESERVES
Called up share capital 9 100 100
Profit and Loss Account 191,042 251,848
SHAREHOLDERS' FUNDS 191,142 251,948
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
F A Nicolas
Director
23 July 2025
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
F. Nicolas Franchising Limited is a private company, limited by shares, incorporated in England & Wales, registered number 07166965 . The registered office is Alton House, 66 High Street, Northwood, Middlesex, HA6 1BL.
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. 
2.3. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of 10 years.
2.4. 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 in accordance with the lease
Fixtures & Fittings 15% on cost
Computer Equipment 15% on cost
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. 
2.6. Taxation
Corporation 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 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: 35 (2024: 37)
35 37
Page 3
Page 4
4. Intangible Assets
Goodwill
£
Cost
As at 1 April 2024 263,017
As at 31 March 2025 263,017
Amortisation
As at 1 April 2024 167,902
Provided during the period 26,302
As at 31 March 2025 194,204
Net Book Value
As at 31 March 2025 68,813
As at 1 April 2024 95,115
5. Tangible Assets
Land & Property
Leasehold Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 April 2024 41,504 165,179 3,273 209,956
Additions - 2,150 - 2,150
As at 31 March 2025 41,504 167,329 3,273 212,106
Depreciation
As at 1 April 2024 38,730 118,721 1,473 158,924
Provided during the period 2,774 8,521 491 11,786
As at 31 March 2025 41,504 127,242 1,964 170,710
Net Book Value
As at 31 March 2025 - 40,087 1,309 41,396
As at 1 April 2024 2,774 46,458 1,800 51,032
6. Debtors
2025 2024
£ £
Due within one year
Other debtors 35,472 41,752
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Page 5
7. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 24,026 44,497
Bank loans and overdrafts 33,708 74,692
Other creditors 11,536 5,877
Taxation and social security 71,698 89,714
140,968 214,780
8. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Bank loans 8,973 -
Other loans - 24,800
8,973 24,800
9. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 100 100
10. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 April 2024 Amounts advanced Amounts repaid Amounts written off As at 31 March 2025
£ £ £ £ £
Mr Fadi Nicolas 24,286 - 30,669 - (6,382 )
The above loan is unsecured, interest being charged at 2.25% APR, and repayable on demand.
Page 5