Acorah Software Products - Accounts Production 16.4.675 false true 31 December 2023 1 January 2023 false 30 July 2025 1 January 2024 31 December 2024 31 December 2024 10510963 Mr S J Greening Mr D G Webb Mr M J Townsend Mr R J Lowe Mrs S L Johnson Mr S J Greening iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 10510963 2023-12-31 10510963 2024-12-31 10510963 2024-01-01 2024-12-31 10510963 frs-core:CurrentFinancialInstruments 2024-12-31 10510963 frs-core:Non-currentFinancialInstruments 2024-12-31 10510963 frs-core:BetweenOneFiveYears 2024-12-31 10510963 frs-core:ComputerEquipment 2024-12-31 10510963 frs-core:ComputerEquipment 2024-01-01 2024-12-31 10510963 frs-core:ComputerEquipment 2023-12-31 10510963 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2024-01-01 2024-12-31 10510963 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-12-31 10510963 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-01-01 2024-12-31 10510963 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-12-31 10510963 frs-core:MotorVehicles 2024-12-31 10510963 frs-core:MotorVehicles 2024-01-01 2024-12-31 10510963 frs-core:MotorVehicles 2023-12-31 10510963 frs-core:OtherResidualIntangibleAssets 2024-12-31 10510963 frs-core:OtherResidualIntangibleAssets 2024-01-01 2024-12-31 10510963 frs-core:OtherResidualIntangibleAssets 2023-12-31 10510963 frs-core:PlantMachinery 2024-12-31 10510963 frs-core:PlantMachinery 2024-01-01 2024-12-31 10510963 frs-core:PlantMachinery 2023-12-31 10510963 frs-core:WithinOneYear 2024-12-31 10510963 frs-core:CapitalRedemptionReserve 2024-12-31 10510963 frs-core:SharePremium 2024-12-31 10510963 frs-core:ShareCapital 2024-12-31 10510963 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 10510963 frs-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 10510963 frs-bus:FilletedAccounts 2024-01-01 2024-12-31 10510963 frs-bus:SmallEntities 2024-01-01 2024-12-31 10510963 frs-bus:Audited 2024-01-01 2024-12-31 10510963 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 10510963 frs-core:DeferredTaxation 2023-12-31 10510963 frs-core:DeferredTaxation 2024-12-31 10510963 frs-core:CostValuation 2023-12-31 10510963 frs-core:AdditionsToInvestments 2024-12-31 10510963 frs-core:CostValuation 2024-12-31 10510963 frs-core:ProvisionsForImpairmentInvestments 2023-12-31 10510963 frs-core:ProvisionsForImpairmentInvestments 2024-12-31 10510963 frs-bus:Director1 2024-01-01 2024-12-31 10510963 frs-bus:Director2 2024-01-01 2024-12-31 10510963 frs-bus:Director3 2024-01-01 2024-12-31 10510963 frs-bus:Director4 2024-01-01 2024-12-31 10510963 frs-bus:Director5 2024-01-01 2024-12-31 10510963 frs-bus:CompanySecretary1 2024-01-01 2024-12-31 10510963 frs-countries:EnglandWales 2024-01-01 2024-12-31 10510963 frs-core:Subsidiary1 2024-01-01 2024-12-31 10510963 frs-core:Subsidiary1 1 2024-01-01 2024-12-31 10510963 frs-core:Subsidiary2 2024-01-01 2024-12-31 10510963 frs-core:Subsidiary2 2 2024-01-01 2024-12-31 10510963 2022-12-31 10510963 2023-12-31 10510963 2023-01-01 2023-12-31 10510963 frs-core:CurrentFinancialInstruments 2023-12-31 10510963 frs-core:Non-currentFinancialInstruments 2023-12-31 10510963 frs-core:BetweenOneFiveYears 2023-12-31 10510963 frs-core:WithinOneYear 2023-12-31 10510963 frs-core:CapitalRedemptionReserve 2023-12-31 10510963 frs-core:SharePremium 2023-12-31 10510963 frs-core:ShareCapital 2023-12-31 10510963 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31
Registered number: 10510963
Alto Energy Limited
Financial Statements
For The Year Ended 31 December 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—8
Page 1
Balance Sheet
Registered number: 10510963
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 135,450 -
Tangible Assets 5 448,847 458,066
Investments 6 62,950 4,950
647,247 463,016
CURRENT ASSETS
Stocks 7 1,084,934 892,958
Debtors 8 946,855 659,998
Cash at bank and in hand 1,150,374 1,387,416
3,182,163 2,940,372
Creditors: Amounts Falling Due Within One Year 9 (1,570,676 ) (1,210,301 )
NET CURRENT ASSETS (LIABILITIES) 1,611,487 1,730,071
TOTAL ASSETS LESS CURRENT LIABILITIES 2,258,734 2,193,087
Creditors: Amounts Falling Due After More Than One Year 10 (96,588 ) (100,818 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (75,910 ) (114,976 )
NET ASSETS 2,086,236 1,977,293
CAPITAL AND RESERVES
Called up share capital 13 1,961 1,961
Share premium account 47,500 47,500
Capital redemption reserve 539 539
Profit and Loss Account 2,036,236 1,927,293
SHAREHOLDERS' FUNDS 2,086,236 1,977,293
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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 S J Greening
Director
30 July 2025
The notes on pages 3 to 8 form part of these financial statements.
Page 2
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Notes to the Financial Statements
1. General Information
Alto Energy Limited is a private company, limited by shares, incorporated in England & Wales, registered number 10510963 . The registered office is Orchard Works Carterton Industrial Estate, Black Bourton Road, Carterton, Oxfordshire, OX18 3EZ.
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. Significant judgements and estimations
In the application of the Company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amounts of assets and liabilities that are not readily appparent from other sources. The estimates and assoicated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.
2.3. 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
Revenue for provision of services is recognised when it is probable that an economic benefit will flow to the entity and the revenue and costs can be reliably measured. For continuing services, revenue is recognised when the stage of completion can be reliably measured.
2.4. Intangible Fixed Assets and Amortisation - Other Intangible
Other intangible assets are the development costs of an app to assist plumbing and heating installers to access the accreditation services of the UK regulatory framework for installing heat pumps. The app had not gone live at the year end so consequently there has been no charge of amortisation in the period. Once the app is operational it will be amortised to the profit and loss account over its estimated economic life of 5 years.
2.5. 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 5 years and 20 years - Straight line
Plant & Machinery 5 years and 20 years - Straight line
Motor Vehicles 3, 4 and 5 years - Straight line
Computer Equipment 3 years - Straight line
2.6. Investments
Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.
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2.7. 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.
2.8. 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.  Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.9. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
2.10. 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.
2.11. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 46 (2023: 39)
46 39
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4. Intangible Assets
Other
£
Cost
As at 1 January 2024 -
Additions 135,450
As at 31 December 2024 135,450
Net Book Value
As at 31 December 2024 135,450
As at 1 January 2024 -
There is no amortisation in the period as the asset was not in use at the year end.
5. Tangible Assets
Land & Property
Leasehold Plant & Machinery Motor Vehicles Computer Equipment Total
£ £ £ £ £
Cost
As at 1 January 2024 43,689 83,939 477,541 19,468 624,637
Additions 47,677 12,309 61,005 - 120,991
Disposals - - (67,462 ) (5,640 ) (73,102 )
As at 31 December 2024 91,366 96,248 471,084 13,828 672,526
Depreciation
As at 1 January 2024 1,034 11,197 141,664 12,676 166,571
Provided during the period 4,433 7,719 92,729 4,216 109,097
Disposals - - (46,349 ) (5,640 ) (51,989 )
As at 31 December 2024 5,467 18,916 188,044 11,252 223,679
Net Book Value
As at 31 December 2024 85,899 77,332 283,040 2,576 448,847
As at 1 January 2024 42,655 72,742 335,877 6,792 458,066
6. Investments
Subsidiaries
£
Cost
As at 1 January 2024 4,950
Additions 58,000
As at 31 December 2024 62,950
Provision
As at 1 January 2024 -
As at 31 December 2024 -
...CONTINUED
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Net Book Value
As at 31 December 2024 62,950
As at 1 January 2024 4,950
Subsidiaries
Details of the company's subsidiaries as at 31 December 2024 are as follows:
Name of undertaking Registered Office Class of shares held Direct holding Indirect holding
Arcus Underfloor Limited Orchard Works, Carterton Industrial Estate, Carterton OX18 3EZ Ordinary £1 shares 60.00% -
V4 Renewable Solutions Limited Orchard Works, Carterton Industrial Estate, Carterton OX18 3EZ Ordinary £1 shares 51.00% -
7. Stocks
2024 2023
£ £
Stock 1,016,471 792,074
Work in progress 68,463 100,884
1,084,934 892,958
8. Debtors
2024 2023
£ £
Due within one year
Trade debtors 847,768 488,847
Amounts owed by group undertakings 30,000 -
Other debtors 69,087 171,151
946,855 659,998
9. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 111,431 87,907
Trade creditors 944,509 650,661
Other creditors 436,338 228,217
Taxation and social security 78,398 243,516
1,570,676 1,210,301
10. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 96,588 100,818
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11. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year 111,431 87,907
Later than one year and not later than five years 96,588 100,818
208,019 188,725
208,019 188,725
12. Provisions for Liabilities
Deferred Tax Total
£ £
As at 1 January 2024 114,976 114,976
Balance at 31 December 2024 114,976 114,976
13. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1,961 1,961
14. Other Commitments
The total of future minimum lease payments under non-cancellable operating leases are as following:
2024 2023
£ £
Not later than one year 60,000 45,000
Later than one year and not later than five years 135,000 140,950
195,000 185,950
15. Related Party Disclosures
Mr R G LoweDirector and shareholderDuring the period the Company sold goods and services valued at £275 (2023: £300) to the Director. This was fully paid at the year end.

Mr R G Lowe

Director and shareholder

During the period the Company sold goods and services valued at £275 (2023: £300) to the Director. This was fully paid at the year end.

Mr S J GreeningDirector and shareholderDuring the period the Company sold goods valued at £7,500 (2023: £5,000) to the Director. This was fully paid at the year end.

Mr S J Greening

Director and shareholder

During the period the Company sold goods valued at £7,500 (2023: £5,000) to the Director. This was fully paid at the year end.

Lowe & Oliver LimitedA Company in which one of Directors has an interest.The Company purchased goods from Lowe & Oliver Limited during the year of £NIL (2023: £47,514). At the year end in Trade creditors was £NIL (2023: £9,091).

Lowe & Oliver Limited

A Company in which one of Directors has an interest.

The Company purchased goods from Lowe & Oliver Limited during the year of £NIL (2023: £47,514). At the year end in Trade creditors was £NIL (2023: £9,091).

Alto Investment & Property LimitedCommon controlAlto Investment & Property Limited purchased the Orchard Works long leasehold from the Company on 7 April 2023 for £385,000. During the period the Company was charged rent of £62,211 (2023: £39,250) by Alto Investment & Property Limited. Included in Trade creditors at the year end was £NIL (2023: £NIL).

Alto Investment & Property Limited

Common control

Alto Investment & Property Limited purchased the Orchard Works long leasehold from the Company on 7 April 2023 for £385,000. During the period the Company was charged rent of £62,211 (2023: £39,250) by Alto Investment & Property Limited. Included in Trade creditors at the year end was £NIL (2023: £NIL).

Arcus Underfloor LimitedSubsidiary companyDuring the year the Company made sales of £37,514 (2023: £54,043) to Arcus Underfloor Limited. At the year end included in Trade debtors was £NIL (2023: £7,550). During the year the Company bought supplies and services to the value of £143,698 (2023: £133,978) from Arcus Underfloor Limited. At the year end, included in Trade creditors was £13,018 (2023: £1,392).
...CONTINUED
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15. Related Party Disclosures - continued

Arcus Underfloor Limited

Subsidiary company

During the year the Company made sales of £37,514 (2023: £54,043) to Arcus Underfloor Limited. At the year end included in Trade debtors was £NIL (2023: £7,550). During the year the Company bought supplies and services to the value of £143,698 (2023: £133,978) from Arcus Underfloor Limited. At the year end, included in Trade creditors was £13,018 (2023: £1,392).

Agility Eco Service Limited15% shareholding in the CompanyDuring the year the Company made sales of £250,292 (2023: £641,884) to Agility Eco Services Ltd. At the year end included in Trade debtors was -£8,285 (2025: £28,183). During the year the Company bought services of £5,872 (2023: £25,750) from Agility Eco Services Ltd. At the year end, included in Trade creditors was £NIL (2023: £5,037).

Agility Eco Service Limited

15% shareholding in the Company

During the year the Company made sales of £250,292 (2023: £641,884) to Agility Eco Services Ltd. At the year end included in Trade debtors was -£8,285 (2025: £28,183). During the year the Company bought services of £5,872 (2023: £25,750) from Agility Eco Services Ltd. At the year end, included in Trade creditors was £NIL (2023: £5,037).

V4 Renewable Solutions LimitedSubsidiary company - from 1 February 2024During the year a loan of £30,000 was made to V4 Renewable Solutions Limited. This was outstanding at the year end. The Company made sales of £19,382 to V4 Renewable Solutions Limited. At the year end included in Trade debtors was £9,252. During the year the Company bought supplies and services to the value of £412,434.69 from V4 Renewable Solutions Limited. At the year end, included in Trade creditors was £30,945.

V4 Renewable Solutions Limited

Subsidiary company - from 1 February 2024

During the year a loan of £30,000 was made to V4 Renewable Solutions Limited. This was outstanding at the year end. The Company made sales of £19,382 to V4 Renewable Solutions Limited. At the year end included in Trade debtors was £9,252. During the year the Company bought supplies and services to the value of £412,434.69 from V4 Renewable Solutions Limited. At the year end, included in Trade creditors was £30,945.

16. FRC's Ethical Standard - Provision Available for Small Entities
In common with other businesses of our size and nature we use our auditors to prepare and submit returns to the tax authorities and assist with the preparation of the financial statements.
17. Audit Information
The auditor's report on the accounts of Alto Energy Limited for the year ended 31 December 2024 was unqualified.
The auditor's report was signed by Mr K R Witchell (Senior Statutory Auditor) for and on behalf of KRW Accountants Limited , Statutory Auditor.
KRW Accountants Limited
Henge Barn, Pury Hill Business Park
Alderton Road
Towcester
Northamptonshire
NN12 7LS
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