Acorah Software Products - Accounts Production 16.4.675 false true 31 March 2024 1 April 2023 false 1 April 2024 31 March 2025 31 March 2025 05384849 Mr Paul Benney Mr Ryan Lewis iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 05384849 2024-03-31 05384849 2025-03-31 05384849 2024-04-01 2025-03-31 05384849 frs-core:CurrentFinancialInstruments 2025-03-31 05384849 frs-core:Non-currentFinancialInstruments 2025-03-31 05384849 frs-core:ComputerEquipment 2025-03-31 05384849 frs-core:ComputerEquipment 2024-04-01 2025-03-31 05384849 frs-core:ComputerEquipment 2024-03-31 05384849 frs-core:FurnitureFittings 2025-03-31 05384849 frs-core:FurnitureFittings 2024-04-01 2025-03-31 05384849 frs-core:FurnitureFittings 2024-03-31 05384849 frs-core:NetGoodwill 2025-03-31 05384849 frs-core:NetGoodwill 2024-04-01 2025-03-31 05384849 frs-core:NetGoodwill 2024-03-31 05384849 frs-core:ShareCapital 2025-03-31 05384849 frs-core:RetainedEarningsAccumulatedLosses 2025-03-31 05384849 frs-bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 05384849 frs-bus:FilletedAccounts 2024-04-01 2025-03-31 05384849 frs-bus:SmallEntities 2024-04-01 2025-03-31 05384849 frs-bus:AuditExempt-NoAccountantsReport 2024-04-01 2025-03-31 05384849 frs-bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 05384849 frs-bus:Director1 2024-04-01 2025-03-31 05384849 frs-bus:Director2 2024-04-01 2025-03-31 05384849 frs-countries:EnglandWales 2024-04-01 2025-03-31 05384849 2023-03-31 05384849 2024-03-31 05384849 2023-04-01 2024-03-31 05384849 frs-core:CurrentFinancialInstruments 2024-03-31 05384849 frs-core:Non-currentFinancialInstruments 2024-03-31 05384849 frs-core:ShareCapital 2024-03-31 05384849 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31
Registered number: 05384849
W R Frost & Co Limited
Unaudited Financial Statements
For The Year Ended 31 March 2025
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 05384849
2025 2024
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 1,154,307 835,060
Tangible Assets 5 32,027 27,578
1,186,334 862,638
CURRENT ASSETS
Stocks 6 172,500 97,500
Debtors 7 345,873 368,640
Cash at bank and in hand 70,348 144,169
588,721 610,309
Creditors: Amounts Falling Due Within One Year 8 (773,081 ) (621,175 )
NET CURRENT ASSETS (LIABILITIES) (184,360 ) (10,866 )
TOTAL ASSETS LESS CURRENT LIABILITIES 1,001,974 851,772
Creditors: Amounts Falling Due After More Than One Year 9 (759,577 ) (548,223 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (8,008 ) (6,895 )
NET ASSETS 234,389 296,654
CAPITAL AND RESERVES
Called up share capital 11 6 6
Profit and Loss Account 234,383 296,648
SHAREHOLDERS' FUNDS 234,389 296,654
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 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
Mr Paul Benney
Director
Mr Ryan Lewis
Director
12/08/2025
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
W R Frost & Co Limited is a private company, limited by shares, incorporated in England & Wales, registered number 05384849 . The registered office is Riversdale, Ashburton Road, Totnes, Devon, TQ9 5JU.
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. 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 twenty 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:
Fixtures & Fittings 15% reducing balance basis
Computer Equipment 40% reducing balance basis
2.5. 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.
2.6. 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.
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2.7. 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: 27 (2024: 23)
27 23
4. Intangible Assets
Goodwill
£
Cost
As at 1 April 2024 1,033,388
Additions 376,250
As at 31 March 2025 1,409,638
Amortisation
As at 1 April 2024 198,328
Provided during the period 57,003
As at 31 March 2025 255,331
Net Book Value
As at 31 March 2025 1,154,307
As at 1 April 2024 835,060
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5. Tangible Assets
Fixtures & Fittings Computer Equipment Total
£ £ £
Cost
As at 1 April 2024 26,035 35,270 61,305
Additions 3,056 9,054 12,110
As at 31 March 2025 29,091 44,324 73,415
Depreciation
As at 1 April 2024 10,085 23,642 33,727
Provided during the period 2,530 5,131 7,661
As at 31 March 2025 12,615 28,773 41,388
Net Book Value
As at 31 March 2025 16,476 15,551 32,027
As at 1 April 2024 15,950 11,628 27,578
6. Stocks
2025 2024
£ £
Work in progress 172,500 97,500
7. Debtors
2025 2024
£ £
Due within one year
Trade debtors 171,785 117,520
Other debtors 174,088 251,120
345,873 368,640
8. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 17,839 27,680
Bank loans and overdrafts 195,922 170,461
Other creditors 200,404 225,514
Taxation and social security 358,916 197,520
773,081 621,175
9. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Bank loans 466,827 381,117
Other creditors 292,750 167,106
759,577 548,223
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11. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 6 6
Page 6