Acorah Software Products - Accounts Production 16.4.675 false true 31 January 2024 1 February 2023 false 1 February 2024 31 January 2025 31 January 2025 11132893 Mr R Wilson Mr P Button Mr R Wilson iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 11132893 2024-01-31 11132893 2025-01-31 11132893 2024-02-01 2025-01-31 11132893 frs-core:CurrentFinancialInstruments 2025-01-31 11132893 frs-core:ComputerEquipment 2025-01-31 11132893 frs-core:ComputerEquipment 2024-02-01 2025-01-31 11132893 frs-core:ComputerEquipment 2024-01-31 11132893 frs-core:FurnitureFittings 2025-01-31 11132893 frs-core:FurnitureFittings 2024-02-01 2025-01-31 11132893 frs-core:FurnitureFittings 2024-01-31 11132893 frs-core:PlantMachinery 2025-01-31 11132893 frs-core:PlantMachinery 2024-02-01 2025-01-31 11132893 frs-core:PlantMachinery 2024-01-31 11132893 frs-core:WithinOneYear 2025-01-31 11132893 frs-core:CapitalRedemptionReserve 2025-01-31 11132893 frs-core:ShareCapital 2025-01-31 11132893 frs-core:RetainedEarningsAccumulatedLosses 2025-01-31 11132893 frs-bus:PrivateLimitedCompanyLtd 2024-02-01 2025-01-31 11132893 frs-bus:FilletedAccounts 2024-02-01 2025-01-31 11132893 frs-bus:SmallEntities 2024-02-01 2025-01-31 11132893 frs-bus:AuditExemptWithAccountantsReport 2024-02-01 2025-01-31 11132893 frs-bus:SmallCompaniesRegimeForAccounts 2024-02-01 2025-01-31 11132893 frs-bus:Director1 2024-02-01 2025-01-31 11132893 frs-bus:Director2 2024-02-01 2025-01-31 11132893 frs-bus:CompanySecretary1 2024-02-01 2025-01-31 11132893 frs-core:CurrentFinancialInstruments 9 2025-01-31 11132893 frs-countries:EnglandWales 2024-02-01 2025-01-31 11132893 2023-01-31 11132893 2024-01-31 11132893 2023-02-01 2024-01-31 11132893 frs-core:CurrentFinancialInstruments 2024-01-31 11132893 frs-core:WithinOneYear 2024-01-31 11132893 frs-core:CapitalRedemptionReserve 2024-01-31 11132893 frs-core:ShareCapital 2024-01-31 11132893 frs-core:RetainedEarningsAccumulatedLosses 2024-01-31 11132893 frs-core:CurrentFinancialInstruments 9 2024-01-31
Registered number: 11132893
Set Reset Ltd
Unaudited Financial Statements
For The Year Ended 31 January 2025
dines Accountancy Limited
Contents
Page
Accountant's Report 1
Balance Sheet 2
Notes to the Financial Statements 3—5
Page 1
Accountant's Report
Report to the directors on the preparation of the unaudited statutory accounts of Set Reset Ltd For The Year Ended 31 January 2025
To assist you to fulfil your duties under the Companies Act 2006, I have prepared for your approval the accounts of Set Reset Ltd which comprise the Profit and Loss Account, the Balance Sheet and the related notes, from the company’s accounting records and from information and explanations you have given us.
As a practising member of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/en/member/professional-standards/rules-standards/acca-rulebook.html.
This report is made to the directors of Set Reset Ltd , as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Set Reset Ltd and state those matters that we have agreed to state to the directors of Set Reset Ltd , as a body, in this report in accordance with the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Set Reset Ltd and its directors as a body for our work or for this report.
It is your duty to ensure that Set Reset Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit or loss of Set Reset Ltd . You consider that Set Reset Ltd is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Set Reset Ltd . For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the financial statements.
Robert Fiford FCCA
28/08/2025
dines Accountancy Limited
ACCA
Edinburgh House
170 Kennington Lane
London
SE11 5DP
Page 1
Page 2
Balance Sheet
Registered number: 11132893
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 13,216 13,139
13,216 13,139
CURRENT ASSETS
Debtors 5 125,784 25,296
Cash at bank and in hand 311,555 259,886
437,339 285,182
Creditors: Amounts Falling Due Within One Year 6 (147,673 ) (103,490 )
NET CURRENT ASSETS (LIABILITIES) 289,666 181,692
TOTAL ASSETS LESS CURRENT LIABILITIES 302,882 194,831
NET ASSETS 302,882 194,831
CAPITAL AND RESERVES
Called up share capital 7 5 5
Capital redemption reserve 3 3
Profit and Loss Account 302,874 194,823
SHAREHOLDERS' FUNDS 302,882 194,831
For the year ending 31 January 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 R Wilson
Director
28/08/2025
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
Set Reset Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 11132893 . The registered office is 19 Lockside Studios 5 Skippers Yard, London, E3 2RF.
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:
Plant & Machinery 50% on cost
Fixtures & Fittings 25% on cost
Computer Equipment 33% on cost
2.4. 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.
2.5. 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.
Page 3
Page 4
3. Average Number of Employees
Average number of employees, including directors, during the year was: 4 (2024: 3)
4 3
4. Tangible Assets
Plant & Machinery Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 February 2024 6,770 7,254 28,222 42,246
Additions - 860 6,469 7,329
As at 31 January 2025 6,770 8,114 34,691 49,575
Depreciation
As at 1 February 2024 6,770 4,904 17,433 29,107
Provided during the period - 1,137 6,115 7,252
As at 31 January 2025 6,770 6,041 23,548 36,359
Net Book Value
As at 31 January 2025 - 2,073 11,143 13,216
As at 1 February 2024 - 2,350 10,789 13,139
5. Debtors
2025 2024
£ £
Due within one year
Trade debtors 107,441 13,200
Prepayments and accrued income 3,343 6,996
Other debtors 15,000 5,100
125,784 25,296
6. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Corporation tax 86,635 57,219
Other taxes and social security 2,554 2,491
VAT 13,691 33,116
Other creditors 411 411
Accruals and deferred income 42,251 9,000
Directors' loan accounts 2,131 1,253
147,673 103,490
7. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 5 5
Page 4
Page 5
8. Other Commitments
The total of future minimum lease payments under non-cancellable operating leases are as following:
2025 2024
£ £
Not later than one year 15,000 12,000
15,000 12,000
Page 5