Acorah Software Products - Accounts Production 16.3.350 false true 31 March 2024 1 April 2023 false 1 April 2024 31 March 2025 31 March 2025 NI044666 Mr Steven Fearon iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure NI044666 2024-03-31 NI044666 2025-03-31 NI044666 2024-04-01 2025-03-31 NI044666 frs-core:CurrentFinancialInstruments 2025-03-31 NI044666 frs-core:Non-currentFinancialInstruments 2025-03-31 NI044666 frs-core:BetweenOneFiveYears 2025-03-31 NI044666 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2024-04-01 2025-03-31 NI044666 frs-core:FurnitureFittings 2025-03-31 NI044666 frs-core:FurnitureFittings 2024-04-01 2025-03-31 NI044666 frs-core:FurnitureFittings 2024-03-31 NI044666 frs-core:MotorVehicles 2025-03-31 NI044666 frs-core:MotorVehicles 2024-04-01 2025-03-31 NI044666 frs-core:MotorVehicles 2024-03-31 NI044666 frs-core:OtherResidualIntangibleAssets 2025-03-31 NI044666 frs-core:OtherResidualIntangibleAssets 2024-03-31 NI044666 frs-core:PlantMachinery 2025-03-31 NI044666 frs-core:PlantMachinery 2024-04-01 2025-03-31 NI044666 frs-core:PlantMachinery 2024-03-31 NI044666 frs-core:WithinOneYear 2025-03-31 NI044666 frs-core:OtherReservesSubtotal 2025-03-31 NI044666 frs-core:ShareCapital 2025-03-31 NI044666 frs-core:RetainedEarningsAccumulatedLosses 2025-03-31 NI044666 frs-bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 NI044666 frs-bus:FilletedAccounts 2024-04-01 2025-03-31 NI044666 frs-bus:SmallEntities 2024-04-01 2025-03-31 NI044666 frs-bus:AuditExempt-NoAccountantsReport 2024-04-01 2025-03-31 NI044666 frs-bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 NI044666 frs-bus:Director1 2024-04-01 2025-03-31 NI044666 frs-countries:NorthernIreland 2024-04-01 2025-03-31 NI044666 2023-03-31 NI044666 2024-03-31 NI044666 2023-04-01 2024-03-31 NI044666 frs-core:CurrentFinancialInstruments 2024-03-31 NI044666 frs-core:Non-currentFinancialInstruments 2024-03-31 NI044666 frs-core:BetweenOneFiveYears 2024-03-31 NI044666 frs-core:WithinOneYear 2024-03-31 NI044666 frs-core:OtherReservesSubtotal 2024-03-31 NI044666 frs-core:ShareCapital 2024-03-31 NI044666 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31
Registered number: NI044666
Madden Bros Ltd
Unaudited Financial Statements
For The Year Ended 31 March 2025
Gray + Press Accountants
21 Old Channel Road
Unit 4A Channel Wharf
Belfast
Antrim
BT3 9DE
Madden Bros Ltd
Contents
Contents

| Page
--- | ---
Balance Sheet | 1—2
Notes to the Financial Statements | 3—6

Page 1
Madden Bros Ltd
Balance Sheet
As At 31 March 2025
Balance Sheet
Registered number: NI044666

| 2025 | 2024
--- | --- | ---
| Notes | £ | £ | £ | £
FIXED ASSETS
Tangible Assets | 5 |  | 112,894 |  | 166,933
|  |  | 112,894 |  | 166,933
CURRENT ASSETS
Stocks | 6 | 307,920 |  | 551,097 |
Debtors | 7 | 940,933 |  | 2,220,419 |
Cash at bank and in hand |  | 556,192 |  | 313,959 |
|  | 1,805,045 |  | 3,085,475 |
Creditors: Amounts Falling Due Within One Year | 8 | (784,763 ) |  | (1,525,247 ) |
NET CURRENT ASSETS (LIABILITIES) |  |  | 1,020,282 |  | 1,560,228
TOTAL ASSETS LESS CURRENT LIABILITIES |  |  | 1,133,176 |  | 1,727,161
Creditors: Amounts Falling Due After More Than One Year | 9 |  | (7,697 ) |  | (16,287 )
NET ASSETS |  |  | 1,125,479 |  | 1,710,874
CAPITAL AND RESERVES
Called up share capital |  |  | 90 |  | 90
Other reserves |  |  | 40 |  | 40
Profit and Loss Account |  |  | 1,125,349 |  | 1,710,744
SHAREHOLDERS' FUNDS |  |  | 1,125,479 |  | 1,710,874

Page 1
Page 2
Madden Bros Ltd
Balance Sheet (continued)
As At 31 March 2025
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

Mr Steven Fearon Director
10/07/2025

The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
Madden Bros Ltd
Notes to the Financial Statements
For The Year Ended 31 March 2025
Notes to the Financial Statements
1. General Information
Madden Bros Ltd is a private company, limited by shares, incorporated in Northern Ireland, registered number NI044666 . The registered office is Units 4 & 5 Grange Park, Mallusk , Newtownabbey , BT36 4LA.
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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them.
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.
2.3. Intangible Fixed Assets and Amortisation - Other Intangible
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
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:

Plant & Machinery | 10% Reducing Balance
Motor Vehicles | 20% Reducing Balance
Fixtures & Fittings | 20% Reducing Balance

2.5. Leasing and Hire Purchase Contracts
Assets held under finance leases which are leases where substantially all the risks and rewards of ownership of the asset have passed to the company, and hire purchase contracts are capitalised in the balance sheet. They are depreciated over the shorter of their useful lives or the term of the lease.
2.6. Stocks and Work in Progress
Stock is valued at the lower of cost and estimated selling price less costs to complete and sell. The cost methodology employed by the entity is the first-in first-out method. Estimated selling price less costs to complete and sell are derived from the selling price which the goods would fetch in an open market transaction with established customers less the costs expected to be incurred to enable the sale to complete. Provision is made for slow-moving and obsolete items of stock. Such provisions are recognised in profit or loss. Work in progress is valued using the percentage of completion method and values are calculated using the lower of cost and estimated selling price less costs to complete and sell. When stocks are sold, the carrying amount of those stocks is recognised as an expense within cost of sales. This takes place in the same period that the associated revenue is recognised.
2.7. Foreign Currencies
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Page 3
Page 4
Madden Bros Ltd
Notes to the Financial Statements (continued)
For The Year Ended 31 March 2025
2.8. 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: 37 (2024: 30)
37 30
4. Intangible Assets

| Other
--- | ---
| £
Cost
As at 1 April 2024 | 60,000
As at 31 March 2025 | 60,000
Amortisation
As at 1 April 2024 | 60,000
As at 31 March 2025 | 60,000
Net Book Value
As at 31 March 2025 | -
As at 1 April 2024 | -

5. Tangible Assets

| Plant & Machinery | Motor Vehicles | Fixtures & Fittings | Total
--- | --- | --- | --- | ---
| £ | £ | £ | £
Cost
As at 1 April 2024 | 31,228 | 264,799 | 7,194 | 303,221
Additions | - | - | 5,125 | 5,125
Disposals | - | (33,865 ) | - | (33,865 )
As at 31 March 2025 | 31,228 | 230,934 | 12,319 | 274,481

...CONTINUED
Page 4
Page 5
Madden Bros Ltd
Notes to the Financial Statements (continued)
For The Year Ended 31 March 2025

Depreciation
As at 1 April 2024 | 15,121 | 115,559 | 5,608 | 136,288
Provided during the period | 1,611 | 23,138 | 865 | 25,614
Disposals | - | (315 ) | - | (315 )
As at 31 March 2025 | 16,732 | 138,382 | 6,473 | 161,587
Net Book Value
As at 31 March 2025 | 14,496 | 92,552 | 5,846 | 112,894
As at 1 April 2024 | 16,107 | 149,240 | 1,586 | 166,933

6. Stocks

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Stock | 206,420 |  | 355,982
Work in progress | 101,500 |  | 195,115
| 307,920 |  | 551,097

7. Debtors

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Due within one year
Trade debtors | 896,114 |  | 2,176,692
Other debtors | 44,819 |  | 43,727
| 940,933 |  | 2,220,419

8. Creditors: Amounts Falling Due Within One Year

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Net obligations under finance lease and hire purchase contracts | 8,589 |  | 7,935
Trade creditors | 344,477 |  | 741,317
Other creditors | 75,682 |  | 390,906
Taxation and social security | 356,015 |  | 385,089
| 784,763 |  | 1,525,247

9. Creditors: Amounts Falling Due After More Than One Year

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Net obligations under finance lease and hire purchase contracts | 7,697 |  | 16,287

Page 5
Page 6
Madden Bros Ltd
Notes to the Financial Statements (continued)
For The Year Ended 31 March 2025
10. Obligations Under Finance Leases and Hire Purchase

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
The future minimum finance lease payments are as follows:
Not later than one year | 8,589 |  | 7,935
Later than one year and not later than five years | 7,697 |  | 16,287
| 16,286 |  | 24,222
| 16,286 |  | 24,222

11. Related Party Transactions
Included in other creditors is amounts owed to related parties totalling £33,778 (2024: £271,928)
Page 6