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 07542015 Mr K Fingerneissl Mrs M Fingerneissl Mr J Fingerneissl Mr J Fingerneissl iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 07542015 2024-03-31 07542015 2025-03-31 07542015 2024-04-01 2025-03-31 07542015 frs-core:CurrentFinancialInstruments 2025-03-31 07542015 frs-core:Non-currentFinancialInstruments 2025-03-31 07542015 frs-core:BetweenOneFiveYears 2025-03-31 07542015 frs-core:ComputerEquipment 2025-03-31 07542015 frs-core:ComputerEquipment 2024-04-01 2025-03-31 07542015 frs-core:ComputerEquipment 2024-03-31 07542015 frs-core:FurnitureFittings 2025-03-31 07542015 frs-core:FurnitureFittings 2024-04-01 2025-03-31 07542015 frs-core:FurnitureFittings 2024-03-31 07542015 frs-core:NetGoodwill 2025-03-31 07542015 frs-core:NetGoodwill 2024-04-01 2025-03-31 07542015 frs-core:NetGoodwill 2024-03-31 07542015 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-04-01 2025-03-31 07542015 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2025-03-31 07542015 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-04-01 2025-03-31 07542015 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-03-31 07542015 frs-core:MotorVehicles 2025-03-31 07542015 frs-core:MotorVehicles 2024-04-01 2025-03-31 07542015 frs-core:MotorVehicles 2024-03-31 07542015 frs-core:PlantMachinery 2025-03-31 07542015 frs-core:PlantMachinery 2024-04-01 2025-03-31 07542015 frs-core:PlantMachinery 2024-03-31 07542015 frs-core:WithinOneYear 2025-03-31 07542015 frs-core:ShareCapital 2025-03-31 07542015 frs-core:RetainedEarningsAccumulatedLosses 2025-03-31 07542015 frs-bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 07542015 frs-bus:FilletedAccounts 2024-04-01 2025-03-31 07542015 frs-bus:SmallEntities 2024-04-01 2025-03-31 07542015 frs-bus:AuditExempt-NoAccountantsReport 2024-04-01 2025-03-31 07542015 frs-bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 07542015 frs-bus:Director1 2024-04-01 2025-03-31 07542015 frs-bus:Director1 2024-03-31 07542015 frs-bus:Director1 2025-03-31 07542015 frs-bus:Director2 2024-04-01 2025-03-31 07542015 frs-bus:Director2 2024-03-31 07542015 frs-bus:Director2 2025-03-31 07542015 frs-bus:Director3 2024-04-01 2025-03-31 07542015 frs-bus:Director4 2024-04-01 2025-03-31 07542015 frs-core:CurrentFinancialInstruments 2 2025-03-31 07542015 frs-core:CurrentFinancialInstruments 5 2025-03-31 07542015 frs-core:CurrentFinancialInstruments 7 2025-03-31 07542015 frs-countries:EnglandWales 2024-04-01 2025-03-31 07542015 2023-03-31 07542015 2024-03-31 07542015 2023-04-01 2024-03-31 07542015 frs-core:CurrentFinancialInstruments 2024-03-31 07542015 frs-core:Non-currentFinancialInstruments 2024-03-31 07542015 frs-core:BetweenOneFiveYears 2024-03-31 07542015 frs-core:WithinOneYear 2024-03-31 07542015 frs-core:ShareCapital 2024-03-31 07542015 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 07542015 frs-core:CurrentFinancialInstruments 2 2024-03-31 07542015 frs-core:CurrentFinancialInstruments 5 2024-03-31 07542015 frs-core:CurrentFinancialInstruments 7 2024-03-31
Registered number: 07542015
Milhams (Eastbourne) Limited
Unaudited Financial Statements
For The Year Ended 31 March 2025
SRC Advisory
2nd Floor Stanford Gate South Road
Brighton
East Sussex
BN1 6SB
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 07542015
2025 2024
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 70,000 80,000
Tangible Assets 5 155,626 113,430
225,626 193,430
CURRENT ASSETS
Debtors 6 270,113 213,340
Cash at bank and in hand 103,176 127,809
373,289 341,149
Creditors: Amounts Falling Due Within One Year 7 (192,025 ) (92,451 )
NET CURRENT ASSETS (LIABILITIES) 181,264 248,698
TOTAL ASSETS LESS CURRENT LIABILITIES 406,890 442,128
Creditors: Amounts Falling Due After More Than One Year 8 (59,053 ) (62,854 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (22,264 ) (22,264 )
NET ASSETS 325,573 357,010
CAPITAL AND RESERVES
Called up share capital 10 200,110 200,110
Profit and Loss Account 125,463 156,900
SHAREHOLDERS' FUNDS 325,573 357,010
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 K Fingerneissl
Director
26 August 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
Milhams (Eastbourne) Limited is a private company, limited by shares, incorporated in England & Wales, registered number 07542015 . The registered office is Unit 26 Potts Marsh Industrial Estate, Westham, Pevensey, BN24 5NH.
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 20 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:
Freehold N/A
Leasehold N/A
Plant & Machinery 25% reducing balance
Motor Vehicles 25% reducing balance
Fixtures & Fittings 25% reducing balance
Computer Equipment 33% straight line
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.
Page 3
Page 4
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 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: 16 (2024: 14)
16 14
4. Intangible Assets
Goodwill
£
Cost
As at 1 April 2024 200,000
As at 31 March 2025 200,000
Amortisation
As at 1 April 2024 120,000
Provided during the period 10,000
As at 31 March 2025 130,000
Net Book Value
As at 31 March 2025 70,000
As at 1 April 2024 80,000
5. Tangible Assets
Land & Property
Freehold Plant & Machinery Motor Vehicles Fixtures & Fittings
£ £ £ £
Cost
As at 1 April 2024 2,723 183,456 199,216 14,544
Additions - 6,316 89,681 -
Disposals - - (33,734 ) -
As at 31 March 2025 2,723 189,772 255,163 14,544
...CONTINUED
Page 4
Page 5
Depreciation
As at 1 April 2024 - 143,817 129,900 13,900
Provided during the period - 12,085 28,491 161
Disposals - - (21,088 ) -
As at 31 March 2025 - 155,902 137,303 14,061
Net Book Value
As at 31 March 2025 2,723 33,870 117,860 483
As at 1 April 2024 2,723 39,639 69,316 644
Computer Equipment Total
£ £
Cost
As at 1 April 2024 5,334 405,273
Additions 250 96,247
Disposals - (33,734 )
As at 31 March 2025 5,584 467,786
Depreciation
As at 1 April 2024 4,226 291,843
Provided during the period 668 41,405
Disposals - (21,088 )
As at 31 March 2025 4,894 312,160
Net Book Value
As at 31 March 2025 690 155,626
As at 1 April 2024 1,108 113,430
6. Debtors
2025 2024
£ £
Due within one year
Trade debtors 175,005 151,366
Prepayments and accrued income 14,720 10,452
Other debtors - S455 tax 27,654 12,328
Corporation tax recoverable assets - 1,262
Directors' loan accounts 52,734 37,932
270,113 213,340
Page 5
Page 6
7. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Net obligations under finance lease and hire purchase contracts 19,929 8,770
Trade creditors 140,638 48,250
Corporation tax 16,751 -
Other taxes and social security 7,045 6,477
VAT 274 20,314
Credit Card 2,142 1,965
Pension payable 1,296 1,254
Accruals 3,950 5,421
192,025 92,451
8. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Net obligations under finance lease and hire purchase contracts 47,386 41,184
Bank loans 11,667 21,670
59,053 62,854
9. Obligations Under Finance Leases and Hire Purchase
2025 2024
£ £
The future minimum finance lease payments are as follows:
Not later than one year 19,929 8,770
Later than one year and not later than five years 47,386 41,184
67,315 49,954
67,315 49,954
10. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 200,110 200,110
11. 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 Kevin Fingerneissl 18,966 7,400 - - 26,366
Mrs Mandy Fingerneissl 18,966 7,400 - - 26,366
The above loan is unsecured, interest free and repayable on demand.
Page 6