Acorah Software Products - Accounts Production 16.4.675 false true 31 December 2023 1 January 2023 false 1 January 2024 31 December 2024 31 December 2024 02874186 Mr Derek Lowe Ms Amanda Williams iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 02874186 2023-12-31 02874186 2024-12-31 02874186 2024-01-01 2024-12-31 02874186 frs-core:CurrentFinancialInstruments 2024-12-31 02874186 frs-core:Non-currentFinancialInstruments 2024-12-31 02874186 frs-core:ComputerEquipment 2024-12-31 02874186 frs-core:ComputerEquipment 2024-01-01 2024-12-31 02874186 frs-core:ComputerEquipment 2023-12-31 02874186 frs-core:FurnitureFittings 2024-12-31 02874186 frs-core:FurnitureFittings 2024-01-01 2024-12-31 02874186 frs-core:FurnitureFittings 2023-12-31 02874186 frs-core:PlantMachinery 2024-12-31 02874186 frs-core:PlantMachinery 2024-01-01 2024-12-31 02874186 frs-core:PlantMachinery 2023-12-31 02874186 frs-core:ShareCapital 2024-12-31 02874186 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 02874186 frs-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 02874186 frs-bus:FilletedAccounts 2024-01-01 2024-12-31 02874186 frs-bus:SmallEntities 2024-01-01 2024-12-31 02874186 frs-bus:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 02874186 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 02874186 frs-bus:Director1 2024-01-01 2024-12-31 02874186 frs-bus:Director2 2024-01-01 2024-12-31 02874186 frs-countries:EnglandWales 2024-01-01 2024-12-31 02874186 2022-12-31 02874186 2023-12-31 02874186 2023-01-01 2023-12-31 02874186 frs-core:CurrentFinancialInstruments 2023-12-31 02874186 frs-core:Non-currentFinancialInstruments 2023-12-31 02874186 frs-core:ShareCapital 2023-12-31 02874186 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31
Registered number: 02874186
Storm Communications Limited
Unaudited Financial Statements
For The Year Ended 31 December 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 02874186
2024 2023
as restated
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 9,311 12,416
Investment Properties 5 148,000 136,000
157,311 148,416
CURRENT ASSETS
Debtors 6 271,892 252,868
Cash at bank and in hand 402 22,782
272,294 275,650
Creditors: Amounts Falling Due Within One Year 7 (260,611 ) (252,824 )
NET CURRENT ASSETS (LIABILITIES) 11,683 22,826
TOTAL ASSETS LESS CURRENT LIABILITIES 168,994 171,242
Creditors: Amounts Falling Due After More Than One Year 8 (4,401 ) (24,924 )
PROVISIONS FOR LIABILITIES
Deferred Taxation - (4,947 )
NET ASSETS 164,593 141,371
CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Profit and Loss Account 163,593 140,371
SHAREHOLDERS' FUNDS 164,593 141,371
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For the year ending 31 December 2024 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 Derek Lowe
Director
Ms Amanda Williams
Director
3 September 2025
The notes on pages 3 to 6 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Storm Communications Limited is a private company, limited by shares, incorporated in England & Wales, the registered number is 02874186 . The registered office is 5 Brewery Yard Sheep Street, Stow On The Wold, Cheltenham, GL54 1AA.
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 value added taxes. Turnover includes revenue earned from the provision of services and is recogonised at the point of invoice. If the provision of services spans the financial year end, it is measured by reviewing the actual services performed against the total services to be provided and is only recognised if it can 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 and machinery 25% Reducing balance method
Fixtures and fittings 25% Reducing balance method
Computer equipment 25% Reducing balance method
2.4. Investment Properties
All investment properties are carried at fair value and reviewed annually to determine whether a revaluation is required. Changes in fair value are recognised in the profit and loss account.
2.5. Financial Instruments
Debtors and creditors which are due within one year are recorded at transaction price, less any impairment. 
2.6. Foreign Currencies
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.
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2.7. Taxation
The taxation expense represents the sum of the tax currently payable and deferred tax. Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
Current tax
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the profit and loss account 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
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 asset reflects 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.
2.8. 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: 17 (2023: 21)
17 21
4. Tangible Assets
Plant and machinery Fixtures and fittings Computer equipment Total
£ £ £ £
Cost or Valuation
As at 1 January 2024 186,992 2,858 6,293 196,143
As at 31 December 2024 186,992 2,858 6,293 196,143
Depreciation
As at 1 January 2024 177,977 2,348 3,402 183,727
Provided during the period 2,254 128 723 3,105
As at 31 December 2024 180,231 2,476 4,125 186,832
...CONTINUED
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Net Book Value
As at 31 December 2024 6,761 382 2,168 9,311
As at 1 January 2024 9,015 510 2,891 12,416
5. Investment Property
2024
£
Fair Value
As at 1 January 2024 136,000
Revaluations 12,000
As at 31 December 2024 148,000
Investment property with a cost of £109,964 has been revalued to its fair value of £148,000 (2023: £136,000). The valuation has been provided by the directors, who used market data to determine a fair value.
6. Debtors
2024 2023
as restated
£ £
Due within one year
Trade debtors 202,468 214,192
Other debtors 69,424 38,676
271,892 252,868
7. Creditors: Amounts Falling Due Within One Year
2024 2023
as restated
£ £
Trade creditors 126,184 158,118
Bank loans and overdrafts 50,363 -
Other creditors 49,681 27,884
Taxation and social security 34,383 66,822
260,611 252,824
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
as restated
£ £
Bank loans 4,401 24,924
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9. Directors Advances, Credits and Guarantees
Included within Debtors are loans made to a director. The balance at the year end was £22,688 (2023 - £26,296).
Interest was charged on the loan at a rate of 2.25% and loan is repayable on demand.
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