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 05444355 Ms M Fakhry-Daryan Ms S Simpson Mr D C Worsman iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 05444355 2023-12-31 05444355 2024-12-31 05444355 2024-01-01 2024-12-31 05444355 frs-core:CurrentFinancialInstruments 2024-12-31 05444355 frs-core:Non-currentFinancialInstruments 2024-12-31 05444355 frs-core:ComputerEquipment 2024-12-31 05444355 frs-core:ComputerEquipment 2024-01-01 2024-12-31 05444355 frs-core:ComputerEquipment 2023-12-31 05444355 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2024-12-31 05444355 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2024-01-01 2024-12-31 05444355 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-12-31 05444355 frs-core:FurnitureFittings 2024-12-31 05444355 frs-core:FurnitureFittings 2024-01-01 2024-12-31 05444355 frs-core:FurnitureFittings 2023-12-31 05444355 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-12-31 05444355 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 05444355 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-12-31 05444355 frs-core:ShareCapital 2024-12-31 05444355 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 05444355 frs-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 05444355 frs-bus:FilletedAccounts 2024-01-01 2024-12-31 05444355 frs-bus:SmallEntities 2024-01-01 2024-12-31 05444355 frs-bus:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 05444355 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 05444355 frs-bus:Director1 2024-01-01 2024-12-31 05444355 frs-bus:Director1 2023-12-31 05444355 frs-bus:Director1 2024-12-31 05444355 frs-bus:Director2 2024-01-01 2024-12-31 05444355 frs-bus:Director3 2024-01-01 2024-12-31 05444355 frs-countries:EnglandWales 2024-01-01 2024-12-31 05444355 2022-12-31 05444355 2023-12-31 05444355 2023-01-01 2023-12-31 05444355 frs-core:CurrentFinancialInstruments 2023-12-31 05444355 frs-core:Non-currentFinancialInstruments 2023-12-31 05444355 frs-core:ShareCapital 2023-12-31 05444355 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31
Registered number: 05444355
Ochiba 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: 05444355
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 95,442 112,049
Tangible Assets 5 261,201 264,724
356,643 376,773
CURRENT ASSETS
Debtors 6 469,978 445,523
Cash at bank and in hand 647,998 561,935
1,117,976 1,007,458
Creditors: Amounts Falling Due Within One Year 7 (989,214 ) (873,334 )
NET CURRENT ASSETS (LIABILITIES) 128,762 134,124
TOTAL ASSETS LESS CURRENT LIABILITIES 485,405 510,897
Creditors: Amounts Falling Due After More Than One Year 8 (39,556 ) (76,427 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (20,778 ) (20,516 )
NET ASSETS 425,071 413,954
CAPITAL AND RESERVES
Called up share capital 10 70,000 70,000
Profit and Loss Account 355,071 343,954
SHAREHOLDERS' FUNDS 425,071 413,954
Page 1
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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 D C Worsman
Director
25/08/2025
The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Ochiba Limited is a private company, limited by shares, incorporated in England & Wales, registered number 05444355 . The registered office is Midland Way, Barlborough, Chesterfield, S43 4FD.
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. Research and Development
In the research phase of an internal project it is not possible to demonstrate that the project will generate future economic benefits and hence all expenditure on research is recognised as an expense when it is incurred. Intangible assets are recognised from the development phase of a project if and only if certain specific criteria are met in order to demonstrate the asset will generate probable future economic benefits and that its cost can be reliably measured. The capitalised development costs are subsequently amortised to nil on a straight line basis over their expected useful economic lives, which is 14 years.
If it is not possible to distinguish between the research phase and the development phase of an internal project the expenditure is treated as if it were all incurred in the research phase only.
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:
Freehold 1% and 7% straight line
Fixtures & Fittings 15% reducing balance
Computer Equipment 33% straight line
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 balance sheet when it 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.
2.6. 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.
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2.7. 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: 15 (2023: 16)
15 16
4. Intangible Assets
Development Costs
£
Cost
As at 1 January 2024 112,049
As at 31 December 2024 112,049
Amortisation
As at 1 January 2024 -
Provided during the period 16,607
As at 31 December 2024 16,607
Net Book Value
As at 31 December 2024 95,442
As at 1 January 2024 112,049
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5. Tangible Assets
Land & Property
Freehold Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 January 2024 302,250 82,938 77,706 462,894
Additions - 6,871 5,405 12,276
As at 31 December 2024 302,250 89,809 83,111 475,170
Depreciation
As at 1 January 2024 67,592 58,378 72,200 198,170
Provided during the period 7,222 3,388 5,189 15,799
As at 31 December 2024 74,814 61,766 77,389 213,969
Net Book Value
As at 31 December 2024 227,436 28,043 5,722 261,201
As at 1 January 2024 234,658 24,560 5,506 264,724
Included above are assets held under finance leases or hire purchase contracts with a net book value as follows: 
Improvements to property £21,000 (2023: £25,900).
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 293,216 240,921
Other debtors 176,762 204,602
469,978 445,523
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 151,635 147,423
Bank loans and overdrafts 34,367 23,899
Other creditors 765,423 648,467
Taxation and social security 37,789 53,545
989,214 873,334
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 39,556 76,427
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9. Secured Creditors
Of the creditors the following amounts are secured.
2024 2023
£ £
Bank loans and overdrafts 73,922 100,326
10. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 70,000 70,000
11. 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 David Worsman 12,000 - 4,353 - 7,647
The above loan is unsecured, interest free and repayable on demand.
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