Acorah Software Products - Accounts Production 16.5.460 false true 30 April 2024 1 May 2023 false 1 May 2024 30 April 2025 30 April 2025 03763582 Laura LaCostin Adrian Reeve Michael McGuire Jemma Jones iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 03763582 2024-04-30 03763582 2025-04-30 03763582 2024-05-01 2025-04-30 03763582 frs-core:CurrentFinancialInstruments 2025-04-30 03763582 frs-core:BetweenOneFiveYears 2025-04-30 03763582 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-05-01 2025-04-30 03763582 frs-core:PlantMachinery 2025-04-30 03763582 frs-core:PlantMachinery 2024-05-01 2025-04-30 03763582 frs-core:PlantMachinery 2024-04-30 03763582 frs-core:WithinOneYear 2025-04-30 03763582 frs-core:SharePremium 2025-04-30 03763582 frs-core:ShareCapital 2025-04-30 03763582 frs-core:RetainedEarningsAccumulatedLosses 2025-04-30 03763582 frs-bus:PrivateLimitedCompanyLtd 2024-05-01 2025-04-30 03763582 frs-bus:FilletedAccounts 2024-05-01 2025-04-30 03763582 frs-bus:SmallEntities 2024-05-01 2025-04-30 03763582 frs-bus:AuditExempt-NoAccountantsReport 2024-05-01 2025-04-30 03763582 frs-bus:SmallCompaniesRegimeForAccounts 2024-05-01 2025-04-30 03763582 frs-core:ListedExchangeTraded 2025-04-30 03763582 frs-core:ListedExchangeTraded 2024-04-30 03763582 frs-core:CostValuation frs-core:ListedExchangeTraded 2024-04-30 03763582 frs-core:DisposalsRepaymentsInvestments frs-core:ListedExchangeTraded 2025-04-30 03763582 frs-core:CostValuation frs-core:ListedExchangeTraded 2025-04-30 03763582 frs-core:ProvisionsForImpairmentInvestments frs-core:ListedExchangeTraded 2024-04-30 03763582 frs-core:ProvisionsForImpairmentInvestments frs-core:ListedExchangeTraded 2025-04-30 03763582 frs-bus:Director1 2024-05-01 2025-04-30 03763582 frs-bus:Director1 2024-04-30 03763582 frs-bus:Director1 2025-04-30 03763582 frs-bus:Director2 2024-05-01 2025-04-30 03763582 frs-bus:Director3 2024-05-01 2025-04-30 03763582 frs-bus:CompanySecretary1 2024-05-01 2025-04-30 03763582 frs-countries:EnglandWales 2024-05-01 2025-04-30 03763582 2023-04-30 03763582 2024-04-30 03763582 2023-05-01 2024-04-30 03763582 frs-core:CurrentFinancialInstruments 2024-04-30 03763582 frs-core:BetweenOneFiveYears 2024-04-30 03763582 frs-core:WithinOneYear 2024-04-30 03763582 frs-core:SharePremium 2024-04-30 03763582 frs-core:ShareCapital 2024-04-30 03763582 frs-core:RetainedEarningsAccumulatedLosses 2024-04-30
Registered number: 03763582
Arrow Valves Limited
Unaudited Financial Statements
For The Year Ended 30 April 2025
Arrow Valves Limited
Contents
Contents

| Page
--- | ---
Company Information | 1
Balance Sheet | 2—3
Notes to the Financial Statements | 4—7

Page 1
Arrow Valves Limited
Company Information
For The Year Ended 30 April 2025
Company Information

Directors | Laura LaCostin
| Adrian Reeve
| Michael McGuire
Secretary | Jemma Jones
Company Number | 03763582
Registered Office | York House
| Northbridge Road
| Berkhamsted
| Herts
| HP4 1TA
Accountants | HJP Chartered
| Audley House
| Northbridge Road
| Berkhamsted
| Herts
| HP4 1EH

Page 1
Page 2
Arrow Valves Limited
Balance Sheet
As At 30 April 2025
Balance Sheet
Registered number: 03763582

| 2025 | 2024
--- | --- | ---
| Notes | £ | £ | £ | £
FIXED ASSETS
Tangible Assets | 4 |  | 43,780 |  | 79,212
Investments | 5 |  | - |  | 709,725
|  |  | 43,780 |  | 788,937
CURRENT ASSETS
Stocks | 6 | 861,400 |  | 817,046 |
Debtors | 7 | 1,257,133 |  | 765,211 |
Cash at bank and in hand |  | 2,137,556 |  | 1,410,130 |
|  | 4,256,089 |  | 2,992,387 |
Creditors: Amounts Falling Due Within One Year | 8 | (910,796 ) |  | (746,726 ) |
NET CURRENT ASSETS (LIABILITIES) |  |  | 3,345,293 |  | 2,245,661
TOTAL ASSETS LESS CURRENT LIABILITIES |  |  | 3,389,073 |  | 3,034,598
PROVISIONS FOR LIABILITIES
Deferred Taxation |  |  | (10,945 ) |  | (19,800 )
NET ASSETS |  |  | 3,378,128 |  | 3,014,798
CAPITAL AND RESERVES
Called up share capital | 9 |  | 25,000 |  | 25,000
Share premium account |  |  | 42,900 |  | 42,900
Profit and Loss Account |  |  | 3,310,228 |  | 2,946,898
SHAREHOLDERS' FUNDS |  |  | 3,378,128 |  | 3,014,798

Page 2
Page 3
Arrow Valves Limited
Balance Sheet (continued)
As At 30 April 2025
For the year ending 30 April 2025 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

Laura LaCostin Director
21 August 2025

The notes on pages 4 to 7 form part of these financial statements.
Page 3
Page 4
Arrow Valves Limited
Notes to the Financial Statements
For The Year Ended 30 April 2025
Notes to the Financial Statements
1. General Information
Arrow Valves Limited is a private company, limited by shares, incorporated in England & Wales, registered number 03763582 . The registered office is York House, Northbridge Road, Berkhamsted, Herts, HP4 1TA.
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.
Presentation Currency
The accounts are presented in GBP.
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
Expenditure on research and development is written off in the year in which it is incurred.
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:

Leasehold | 25% Straight Line
Plant & Machinery | 25% Straight Line

2.5. 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 the profit and loss account as incurred.
2.6. 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.
2.7. 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.
Page 4
Page 5
Arrow Valves Limited
Notes to the Financial Statements (continued)
For The Year Ended 30 April 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.
2.9. 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.
2.10. Investments
Investments in shares are included at fair value.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 19 (2024: 20)
19 20
4. Tangible Assets

| Plant & Machinery
--- | ---
| £
Cost
As at 1 May 2024 | 558,049
Additions | 11,709
As at 30 April 2025 | 569,758
Depreciation
As at 1 May 2024 | 478,837
Provided during the period | 47,141
As at 30 April 2025 | 525,978
Net Book Value
As at 30 April 2025 | 43,780
As at 1 May 2024 | 79,212

Page 5
Page 6
Arrow Valves Limited
Notes to the Financial Statements (continued)
For The Year Ended 30 April 2025
5. Investments

| Listed
--- | ---
| £
Cost
As at 1 May 2024 | 709,725
Disposals | (709,725 )
As at 30 April 2025 | -
Provision
As at 1 May 2024 | -
As at 30 April 2025 | -
Net Book Value
As at 30 April 2025 | -
As at 1 May 2024 | 709,725

6. Stocks

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Finished goods | 861,400 |  | 817,046

7. Debtors

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Due within one year
Trade debtors | 737,422 |  | 710,800
Other debtors | 519,711 |  | 54,411
| 1,257,133 |  | 765,211

8. Creditors: Amounts Falling Due Within One Year

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Trade creditors | 304,386 |  | 271,890
Other creditors | 136,035 |  | 117,925
Taxation and social security | 470,375 |  | 356,911
| 910,796 |  | 746,726

9. Share Capital

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Allotted, Called up and fully paid | 25,000 |  | 25,000

Page 6
Page 7
Arrow Valves Limited
Notes to the Financial Statements (continued)
For The Year Ended 30 April 2025
10. Other Commitments
The total of future minimum lease payments under non-cancellable operating leases are as following:

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Not later than one year | 2,094 |  | -
Later than one year and not later than five years | 145,573 |  | 224,304
| 147,667 |  | 224,304

11. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:

| As at 1 May 2024 | Amounts advanced | Amounts repaid | Amounts written off | As at 30 April 2025
--- | --- | --- | --- | --- | ---
| £ | £ | £ | £ | £
Mrs Laura LaCostin | - | 426,594 | - | - | 426,594

At the start of the year the balance was £Nil (2024 - £12) and during the year the director borrowed £425,000.
At the end of the year the Director owed the company £426,594 including interest (2024 - £Nil).
Interest of 2.25% p.a. is being applied to the loan.
12. Related Party Transactions
The company occupies the premises owned by the director. During the year it paid rent to L A LaCostin amounting to £66,000 (2024 - £66,000).
During the year the company paid dividends of £531,250 (2024 - £531,250) to its directors.
Page 7