Acorah Software Products - Accounts Production 16.2.850 false true 31 December 2023 1 January 2023 false 1 January 2024 31 December 2024 31 December 2024 06703758 Mr Justin English Mr. Richard Taylor Miss Hannah Brownlee Mr Simon Wootton Mr Justin English Justin English true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 06703758 2023-12-31 06703758 2024-12-31 06703758 2024-01-01 2024-12-31 06703758 frs-core:CurrentFinancialInstruments 2024-12-31 06703758 frs-core:Non-currentFinancialInstruments 2024-12-31 06703758 frs-core:ComputerEquipment 2024-12-31 06703758 frs-core:ComputerEquipment 2024-01-01 2024-12-31 06703758 frs-core:ComputerEquipment 2023-12-31 06703758 frs-core:FurnitureFittings 2024-12-31 06703758 frs-core:FurnitureFittings 2024-01-01 2024-12-31 06703758 frs-core:FurnitureFittings 2023-12-31 06703758 frs-core:InvestmentPropertyIncludedWithinPPE 2024-12-31 06703758 frs-core:InvestmentPropertyIncludedWithinPPE 2024-01-01 2024-12-31 06703758 frs-core:InvestmentPropertyIncludedWithinPPE 2023-12-31 06703758 frs-core:MotorVehicles 2024-12-31 06703758 frs-core:MotorVehicles 2024-01-01 2024-12-31 06703758 frs-core:MotorVehicles 2023-12-31 06703758 frs-core:PlantMachinery 2024-12-31 06703758 frs-core:PlantMachinery 2024-01-01 2024-12-31 06703758 frs-core:PlantMachinery 2023-12-31 06703758 frs-core:ShareCapital 2024-12-31 06703758 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 06703758 frs-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 06703758 frs-bus:FilletedAccounts 2024-01-01 2024-12-31 06703758 frs-bus:SmallEntities 2024-01-01 2024-12-31 06703758 frs-bus:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 06703758 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 06703758 frs-bus:OrdinaryShareClass1 2024-01-01 2024-12-31 06703758 frs-bus:OrdinaryShareClass1 2024-12-31 06703758 frs-bus:OrdinaryShareClass3 2024-01-01 2024-12-31 06703758 frs-bus:OrdinaryShareClass3 2024-12-31 06703758 1 2024-01-01 2024-12-31 06703758 frs-core:UnlistedNon-exchangeTraded 2024-12-31 06703758 frs-core:UnlistedNon-exchangeTraded 2023-12-31 06703758 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2023-12-31 06703758 frs-core:AdditionsToInvestments frs-core:UnlistedNon-exchangeTraded 2024-12-31 06703758 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2024-12-31 06703758 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2023-12-31 06703758 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2024-12-31 06703758 frs-bus:Director1 2024-01-01 2024-12-31 06703758 frs-bus:Director2 2024-01-01 2024-12-31 06703758 frs-bus:Director3 2024-01-01 2024-12-31 06703758 frs-bus:Director4 2024-01-01 2024-12-31 06703758 frs-bus:CompanySecretary1 2024-01-01 2024-12-31 06703758 frs-core:CurrentFinancialInstruments 1 2024-12-31 06703758 frs-countries:EnglandWales 2024-01-01 2024-12-31 06703758 2022-12-31 06703758 2023-12-31 06703758 2023-01-01 2023-12-31 06703758 frs-core:CurrentFinancialInstruments 2023-12-31 06703758 frs-core:Non-currentFinancialInstruments 2023-12-31 06703758 frs-core:ShareCapital 2023-12-31 06703758 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 06703758 frs-bus:OrdinaryShareClass1 2023-01-01 2023-12-31 06703758 frs-bus:OrdinaryShareClass3 2023-01-01 2023-12-31 06703758 frs-core:CurrentFinancialInstruments 1 2023-12-31
Registered number: 06703758
XBM Limited
Financial Statements
For The Year Ended 31 December 2024
Lima Accountancy Services Ltd
132 Street Lane
Gildersome
Leeds
LS27 7JB
XBM Limited
Contents
Contents

| Page
--- | ---
Balance Sheet | 1—2
Notes to the Financial Statements | 3—7

Page 1
XBM Limited
Balance Sheet
As At 31 December 2024
Balance Sheet
Registered number: 06703758

| 2024 | 2023
--- | --- | ---
| Notes | £ | £ | £ | £
FIXED ASSETS
Tangible Assets | 4 |  | 213,875 |  | 272,843
Investments | 5 |  | 156,740 |  | 129,740
|  |  | 370,615 |  | 402,583
CURRENT ASSETS
Stocks | 6 | 257,006 |  | 219,396 |
Debtors | 7 | 2,153,509 |  | 2,186,736 |
Cash at bank and in hand |  | 520,280 |  | 79,372 |
|  | 2,930,795 |  | 2,485,504 |
Creditors: Amounts Falling Due Within One Year | 8 | (1,555,842 ) |  | (1,745,584 ) |
NET CURRENT ASSETS (LIABILITIES) |  |  | 1,374,953 |  | 739,920
TOTAL ASSETS LESS CURRENT LIABILITIES |  |  | 1,745,568 |  | 1,142,503
Creditors: Amounts Falling Due After More Than One Year | 9 |  | (826,668 ) |  | (102,057 )
PROVISIONS FOR LIABILITIES
Deferred Taxation | 10 |  | (5,103 ) |  | (13,460 )
NET ASSETS |  |  | 913,797 |  | 1,026,986
CAPITAL AND RESERVES
Called up share capital | 11 |  | 1,000 |  | 1,000
Profit and Loss Account |  |  | 912,797 |  | 1,025,986
SHAREHOLDERS' FUNDS |  |  | 913,797 |  | 1,026,986

Page 1
Page 2
XBM Limited
Balance Sheet (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 Profit and Loss Account.
On behalf of the board

Mr Justin English Director
23/06/2025

The notes on pages 3 to 7 form part of these financial statements.
Page 2
Page 3
XBM Limited
Notes to the Financial Statements
For The Year Ended 31 December 2024
Notes to the Financial Statements
1. General Information
XBM Limited is a private company, limited by shares, incorporated in England & Wales, registered number 06703758 . The registered office is Access House Nepshaw Lane South, Gildersome, Morley, Leeds, LS27 7JQ.
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.
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 | 15% reducing balance
Motor Vehicles | 25% reducing balance
Fixtures & Fittings | 25% reducing balance
Computer Equipment | 33% straight line

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 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 profit and loss account as incurred.
2.5. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
Page 3
Page 4
XBM Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 December 2024
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 year 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 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.
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.
2.7. 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: 47 (2023: 48)
47 48
4. Tangible Assets

| Investment Properties | Plant & Machinery | Motor Vehicles | Fixtures & Fittings
--- | --- | --- | --- | ---
| £ | £ | £ | £
Cost
As at 1 January 2024 | 86,201 | 187,696 | 524,749 | 24,929
Additions | - | 31,850 | - | -
Disposals | - | (40,242 ) | - | -
As at 31 December 2024 | 86,201 | 179,304 | 524,749 | 24,929
Depreciation
As at 1 January 2024 | 86,201 | 98,485 | 351,039 | 18,341
Provided during the period | - | 19,063 | 43,428 | 1,594
Disposals | - | (14,609 ) | - | -
As at 31 December 2024 | 86,201 | 102,939 | 394,467 | 19,935

...CONTINUED
Page 4
Page 5
XBM Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 December 2024

Net Book Value
As at 31 December 2024 | - | 76,365 | 130,282 | 4,994
As at 1 January 2024 | - | 89,211 | 173,710 | 6,588

| Computer Equipment | Total
--- | --- | ---
| £ | £
Cost
As at 1 January 2024 | 47,144 | 870,719
Additions | - | 31,850
Disposals | - | (40,242 )
As at 31 December 2024 | 47,144 | 862,327
Depreciation
As at 1 January 2024 | 43,810 | 597,876
Provided during the period | 1,100 | 65,185
Disposals | - | (14,609 )
As at 31 December 2024 | 44,910 | 648,452
Net Book Value
As at 31 December 2024 | 2,234 | 213,875
As at 1 January 2024 | 3,334 | 272,843

5. Investments

| Unlisted
--- | ---
| £
Cost
As at 1 January 2024 | 129,740
Additions | 27,000
As at 31 December 2024 | 156,740
Provision
As at 1 January 2024 | -
As at 31 December 2024 | -
Net Book Value
As at 31 December 2024 | 156,740
As at 1 January 2024 | 129,740

Page 5
Page 6
XBM Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 December 2024
6. Stocks

| 2024 |  | 2023
--- | --- | --- | ---
| £ |  | £
Stocks | 257,006 |  | 219,396

7. Debtors

| 2024 |  | 2023
--- | --- | --- | ---
| £ |  | £
Due within one year
Trade debtors | 29,607 |  | 39,470
Prepayments and accrued income | 628,841 |  | 630,198
Other debtors | 1,465,417 |  | 1,517,068
Directors' loan accounts | 29,644 |  | -
| 2,153,509 |  | 2,186,736

8. Creditors: Amounts Falling Due Within One Year

| 2024 |  | 2023
--- | --- | --- | ---
| £ |  | £
Net obligations under finance lease and hire purchase contracts | 11,281 |  | 26,339
Trade creditors | 853,379 |  | 852,470
Bank loans and overdrafts | 62,500 |  | 194,409
Corporation tax | 308,950 |  | 207,174
Other taxes and social security | 105,979 |  | 61,025
VAT | 163,429 |  | 110,665
Other creditors | 14,686 |  | 13,371
Pension liability | 13,738 |  | 13,875
Accruals and deferred income | 21,900 |  | 21,900
Directors' loan accounts | - |  | 244,356
| 1,555,842 |  | 1,745,584

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

| 2024 |  | 2023
--- | --- | --- | ---
| £ |  | £
Bank loans | 826,668 |  | 102,057

10. Deferred Taxation
The provision for deferred tax is made up as follows:

| 2024 |  | 2023
--- | --- | --- | ---
| £ |  | £
Other timing differences | 5,103 |  | 13,460

Page 6
Page 7
XBM Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 December 2024
11. Share Capital

| 2024 |  | 2023
--- | --- | --- | ---
Allotted, called up and fully paid | £ |  | £
900 Ordinary Shares of £ 1 each | 900 |  | 900
100 Ordinary B shares of £ 1 each | 100 |  | 100
| 1,000 |  | 1,000

12. Ultimate Controlling Party
The company's ultimate controlling party is Justin English .
Page 7