Acorah Software Products - Accounts Production 16.5.460 false true 31 December 2023 1 January 2023 false 1 January 2024 31 December 2024 31 December 2024 04114738 Mr Stephen Whitby Mr Simon Lees Mr Roberty Whitby Mr Daniel McGuire Stephen Whitby false iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 04114738 2023-12-31 04114738 2024-12-31 04114738 2024-01-01 2024-12-31 04114738 frs-core:CurrentFinancialInstruments 2024-12-31 04114738 frs-core:Non-currentFinancialInstruments 2024-12-31 04114738 frs-core:BetweenOneFiveYears 2024-12-31 04114738 frs-core:ComputerEquipment 2024-12-31 04114738 frs-core:ComputerEquipment 2024-01-01 2024-12-31 04114738 frs-core:ComputerEquipment 2023-12-31 04114738 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2024-01-01 2024-12-31 04114738 frs-core:FurnitureFittings 2024-12-31 04114738 frs-core:FurnitureFittings 2024-01-01 2024-12-31 04114738 frs-core:FurnitureFittings 2023-12-31 04114738 frs-core:MotorVehicles 2024-12-31 04114738 frs-core:MotorVehicles 2024-01-01 2024-12-31 04114738 frs-core:MotorVehicles 2023-12-31 04114738 frs-core:OtherResidualIntangibleAssets 2024-12-31 04114738 frs-core:OtherResidualIntangibleAssets 2024-01-01 2024-12-31 04114738 frs-core:OtherResidualIntangibleAssets 2023-12-31 04114738 frs-core:WithinOneYear 2024-12-31 04114738 frs-core:CapitalRedemptionReserve 2024-12-31 04114738 frs-core:SharePremium 2024-12-31 04114738 frs-core:ShareCapital 2024-12-31 04114738 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 04114738 frs-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 04114738 frs-bus:FilletedAccounts 2024-01-01 2024-12-31 04114738 frs-bus:SmallEntities 2024-01-01 2024-12-31 04114738 frs-bus:AuditExemptWithAccountantsReport 2024-01-01 2024-12-31 04114738 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 04114738 1 2024-01-01 2024-12-31 04114738 frs-core:CostValuation 2023-12-31 04114738 frs-core:CostValuation 2024-12-31 04114738 frs-core:ProvisionsForImpairmentInvestments 2023-12-31 04114738 frs-core:ProvisionsForImpairmentInvestments 2024-12-31 04114738 frs-bus:Director1 2024-01-01 2024-12-31 04114738 frs-bus:Director1 2023-12-31 04114738 frs-bus:Director1 2024-12-31 04114738 frs-bus:Director2 2024-01-01 2024-12-31 04114738 frs-bus:Director2 2023-12-31 04114738 frs-bus:Director2 2024-12-31 04114738 frs-bus:Director3 2024-01-01 2024-12-31 04114738 frs-bus:Director4 2024-01-01 2024-12-31 04114738 frs-countries:EnglandWales 2024-01-01 2024-12-31 04114738 2022-12-31 04114738 2023-12-31 04114738 2023-01-01 2023-12-31 04114738 frs-core:CurrentFinancialInstruments 2023-12-31 04114738 frs-core:Non-currentFinancialInstruments 2023-12-31 04114738 frs-core:BetweenOneFiveYears 2023-12-31 04114738 frs-core:WithinOneYear 2023-12-31 04114738 frs-core:CapitalRedemptionReserve 2023-12-31 04114738 frs-core:SharePremium 2023-12-31 04114738 frs-core:ShareCapital 2023-12-31 04114738 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31
Registered number: 04114738
Microbuild Limited
Unaudited Financial Statements
For The Year Ended 31 December 2024
Lothian Accounting Limited (SC556470)
CA
3 Priory Gate
North Berwick
EH39 4SA
Microbuild Limited
Contents
Contents
Page
Accountant's Report 1
Statement of Financial Position 2—3
Notes to the Financial Statements 4—9
Page 1
Microbuild Limited
Accountant's Report
For The Year Ended 31 December 2024
Accountant's Report
In order to assist you to fulfil your duties under the Companies Act 2006, I have prepared for your approval the accounts of Microbuild Limited for the year ended 31 December 2024 which comprise the profit and loss account and balance sheet from the company's accounting records and from information and explanations you have given me. 
As a practising member of the Institute of Chartered Accountants of Scotland, I am subject to its ethical and other professional requirements which are detailed at https://www.icas.com/regulation-technical-resources/documents/framework-for-the-preparation-of-accounts-revised-june-2020.
This report is made solely to the Board of Directors of Microbuild Limited, as a body, in accordance with the terms of my engagement letter dated 10 July 2024. My work has been undertaken in accordance with the requirements of the Institute of Chartered Accountants of Scotland as detailed at https://www.icas.com/regulation-technical-resources/documents/framework-for-the-preparation-of-accounts-revised-june-2020. To the fullest extent permitted by law, I do not accept responsibility to anyone other than Microbuild Limited and its Board of Directors as a body for my work or for this report.
I have not been instructed to carry out an audit or a review of the accounts of Microbuild Limited. For this reason, I have not verified the accuracy or completeness of the accounting records or information and explanations you have given to me and I do not, therefore, express any opinion on the financial statements.
Michele-Ange Anderson
07/09/2025
Lothian Accounting Limited (SC556470)
CA
3 Priory Gate
North Berwick
EH39 4SA
Page 1
Page 2
Microbuild Limited
Statement of Financial Position
As At 31 December 2024
Statement of Financial Position
Registered number: 04114738
2024 2023
as restated
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 3,872 11,342
Tangible Assets 5 103,626 187,951
Investments 6 324 324
107,822 199,617
CURRENT ASSETS
Debtors 7 1,715,578 1,215,549
Cash at bank and in hand 439,497 489,435
2,155,075 1,704,984
Creditors: Amounts Falling Due Within One Year 8 (730,607 ) (451,072 )
NET CURRENT ASSETS (LIABILITIES) 1,424,468 1,253,912
TOTAL ASSETS LESS CURRENT LIABILITIES 1,532,290 1,453,529
Creditors: Amounts Falling Due After More Than One Year 9 (29,054 ) (12,700 )
PROVISIONS FOR LIABILITIES
Deferred Taxation - (5,710 )
NET ASSETS 1,503,236 1,435,119
CAPITAL AND RESERVES
Called up share capital 11 889 889
Share premium account 18,659 18,659
Capital redemption reserve 47 47
Income Statement 1,483,641 1,415,524
SHAREHOLDERS' FUNDS 1,503,236 1,435,119
Page 2
Page 3
Microbuild Limited
Statement of Financial Position (continued)
As At 31 December 2024
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 Income Statement.
On behalf of the board
Mr Stephen Whitby
Director
07/09/2025
The notes on pages 4 to 9 form part of these financial statements.
Page 3
Page 4
Microbuild Limited
Notes to the Financial Statements
For The Year Ended 31 December 2024
Notes to the Financial Statements
1. General Information
Microbuild Limited is a private company, limited by shares, incorporated in England & Wales, registered number 04114738 . The registered office is Microbuild Ltd, 49 Peter Street, Manchester, M2 3NG.
A prior year adjustment has been made to the accounts to reflect £9,400 loans to employees which are being repaid through deductions from employee remuneration. This has increased profit after taxation and net assets by £9,400 in the prior year. There is no taxation impact apart from a reduction in carry forward losses. A deferred tax asset has not been recognised for trading losses since there is still uncertainty over their use.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared in accordance with FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" ("FRS 102") and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.  
The financial statements are prepared in sterling which is the functional currency of the company.  Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been preared under the historical cost convention. The principal accounting policies adopted are set out below.
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 "The Financial Standard applicable in the UK and Republic of Ireland", not to disclose related party transactions with wholly owned subsidiaries within the group. Amounts due to and due from related paties have been shown as total figures. 
2.2. Intangible Fixed Assets and Amortisation - Other Intangible
Intangible assets acquired separately from a business are recognised at cost and are subsequently measured at cost less accumulated amortisation and accumulated impairment losses.
Amortisation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Patents & licences                                                10% on cost
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are initially measured at costand subsequently measured at cost or valuation, net of depreciation and any impairment losses. 
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases: 
Motor Vehicles 25% on reducing balance
Fixtures & Fittings 15% on reducing balance
Computer Equipment 25% on cost
2.4. 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 income statement so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.
Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the leases asset are consumed.
Page 4
Page 5
Microbuild Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 December 2024
2.5. Financial Instruments
The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the company's statement of financial position when the company becomes party to the contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.
Classification of financial liabilities
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
Basic financial liabilities
Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.
Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.
2.6. Foreign Currencies
Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation in the period are included in profit or loss.
2.7. Taxation
The tax expense represents the sum of the tax currently payable and deferred tax.
Current tax
The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the income statement because it excludes items of income or expense that are taxable or deductible in other years and it further excludes 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 reporting end date.
Deferred tax
Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.
The carrying amount of deferred tax assets is reviewed at each reporting end date 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 is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the income statement, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities
and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.
Page 5
Page 6
Microbuild Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 December 2024
2.8. Fixed asset investments
Investments in subsidiary undertakings are recognised at cost.
A subsidiary is an entity controlled by the company. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.
Impairment of fixed assets
At each reporting period end date, the company reviews the carrying amounts of its tangible and intangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.
Recoverable amount is the higher of fair value less costs to sell and value in use. In assessing value in use, the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset for which the estimates of future cash flows have not been adjusted.
If the recoverable amount of an asset (or cash-generating unit) is estimated to be less than its carrying amount, the carrying amount of the asset (or cash-generating unit) is reduced to its recoverable amount. An impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the impairment loss is treated as a revaluation decrease.
Recognised impairment losses are reversed if, and only if, the reasons for the impairment loss have ceased to apply. Where an impairment loss subsequently reverses, the carrying amount of the asset (or cash-generating unit) is increased to the revised estimate of its recoverable amount, but so that the increased carrying amount does not exceed the carrying amount that would have been determined had no impairment loss been recognised for the asset (or cash-generating unit) in prior years. A reversal of an impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the reversal of the impairment loss is treated as a revaluation increase.
2.9. Employee benefits
Short term employee benefits, including holiday pay are recognised as an expense in the income statement in the period in which they are incurred.
2.10. Retirement benefits
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 29 (2023: 32)
29 32
4. Intangible Assets
Other
£
Cost
As at 1 January 2024 15,361
Disposals (8,900 )
As at 31 December 2024 6,461
Amortisation
As at 1 January 2024 4,019
Provided during the period 1,536
Disposals (2,966 )
As at 31 December 2024 2,589
Net Book Value
As at 31 December 2024 3,872
As at 1 January 2024 11,342
Page 6
Page 7
Microbuild Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 December 2024
5. Tangible Assets
Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 January 2024 282,429 6,682 61,175 350,286
Additions 78,440 891 7,665 86,996
Disposals (205,263 ) (4,132 ) (45,956 ) (255,351 )
As at 31 December 2024 155,606 3,441 22,884 181,931
Depreciation
As at 1 January 2024 117,628 3,456 41,251 162,335
Provided during the period 38,846 550 10,379 49,775
Disposals (90,541 ) (2,422 ) (40,842 ) (133,805 )
As at 31 December 2024 65,933 1,584 10,788 78,305
Net Book Value
As at 31 December 2024 89,673 1,857 12,096 103,626
As at 1 January 2024 164,801 3,226 19,924 187,951
6. Investments
Subsidiaries
£
Cost
As at 1 January 2024 324
As at 31 December 2024 324
Provision
As at 1 January 2024 -
As at 31 December 2024 -
Net Book Value
As at 31 December 2024 324
As at 1 January 2024 324
Comparative figures have been reclassified between investments and other creditors.  There is no impact on taxation or net assets.
7. Debtors
2024 2023
as restated
£ £
Due within one year
Prepayments and accrued income 29,968 26,284
Other debtors 110,630 87,145
Deferred tax current asset 3,543 -
Directors' loan accounts 275,339 234,000
Amounts owed by subsidiaries 1,296,098 868,120
1,715,578 1,215,549
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Page 8
Microbuild Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 December 2024
8. Creditors: Amounts Falling Due Within One Year
2024 2023
as restated
£ £
Net obligations under finance lease and hire purchase contracts 19,271 8,021
Trade creditors 17 12,688
Corporation tax 13,952 -
Other taxes and social security 39,749 33,968
VAT 87,998 78,615
Net wages - 2,628
Other creditors 14,199 15,869
Accruals and deferred income 14,746 13,444
Amounts owed to subsidiaries 540,675 285,839
730,607 451,072
9. Creditors: Amounts Falling Due After More Than One Year
2024 2023
as restated
£ £
Net obligations under finance lease and hire purchase contracts 29,054 12,700
10. Obligations Under Finance Leases and Hire Purchase
2024 2023
as restated
£ £
The future minimum finance lease payments are as follows:
Not later than one year 19,271 8,021
Later than one year and not later than five years 29,054 12,700
48,325 20,721
48,325 20,721
11. Share Capital
2024 2023
as restated
£ £
Allotted, Called up and fully paid 889 889
12. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 January 2024 Amounts advanced Amounts repaid Amounts written off As at 31 December 2024
£ £ £ £ £
Mr Stephen Whitby 119,000 27,220 312 - 145,908
Mr Simon Lees 115,000 14,743 312 - 129,431
The above loans are unsecured, interest free and repayable on demand.
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Microbuild Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 December 2024
13. Related Party Transactions
Amounts due from entities over which the company has control, joint control or significant influence is £1,296,098  (2023: £868,119)
Amounts due to entities over which the company has control, joint control or significant influence is £540,675  (2023: £287,911)
14. Controlling Party
The company's controlling party is Stephen Whitby by virtue of his shareholding of the company.
15. Taxation
The taxation credit reflected through the income statement is £55,378 and is made up of R&D cash credit of £46,125 which was claimed for the year ended 31 December 2022 and movement in deferred taxation of £9,253 (2023: £8,004).
R&D tax credits can either increase trading losses available for offset against future trading profits or be converted into cash credits and claimed. As there is uncertainty each financial year regarding the treatment of tax credits, these are not reflected through the profit and loss account until actually received. 
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