Acorah Software Products - Accounts Production 16.5.460 false true 31 May 2024 1 June 2023 false 1 June 2024 31 May 2025 31 May 2025 05456276 Mr Antony Humphreys Mr Frederick Ricks iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 05456276 2024-05-31 05456276 2025-05-31 05456276 2024-06-01 2025-05-31 05456276 frs-core:CurrentFinancialInstruments 2025-05-31 05456276 frs-core:ComputerEquipment 2025-05-31 05456276 frs-core:ComputerEquipment 2024-06-01 2025-05-31 05456276 frs-core:ComputerEquipment 2024-05-31 05456276 frs-core:FurnitureFittings 2024-06-01 2025-05-31 05456276 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2025-05-31 05456276 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-06-01 2025-05-31 05456276 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-05-31 05456276 frs-core:MotorVehicles 2024-06-01 2025-05-31 05456276 frs-core:PlantMachinery 2024-06-01 2025-05-31 05456276 frs-core:ShareCapital 2025-05-31 05456276 frs-core:RetainedEarningsAccumulatedLosses 2025-05-31 05456276 frs-bus:PrivateLimitedCompanyLtd 2024-06-01 2025-05-31 05456276 frs-bus:FilletedAccounts 2024-06-01 2025-05-31 05456276 frs-bus:SmallEntities 2024-06-01 2025-05-31 05456276 frs-bus:AuditExempt-NoAccountantsReport 2024-06-01 2025-05-31 05456276 frs-bus:SmallCompaniesRegimeForAccounts 2024-06-01 2025-05-31 05456276 frs-bus:Director1 2024-06-01 2025-05-31 05456276 frs-bus:Director2 2024-06-01 2025-05-31 05456276 frs-core:CurrentFinancialInstruments 1 2025-05-31 05456276 frs-countries:EnglandWales 2024-06-01 2025-05-31 05456276 2023-05-31 05456276 2024-05-31 05456276 2023-06-01 2024-05-31 05456276 frs-core:CurrentFinancialInstruments 2024-05-31 05456276 frs-core:ShareCapital 2024-05-31 05456276 frs-core:RetainedEarningsAccumulatedLosses 2024-05-31 05456276 frs-core:CurrentFinancialInstruments 1 2024-05-31
Registered number: 05456276
Nigel Ricks & Company Ltd
Unaudited Financial Statements
For The Year Ended 31 May 2025
Nigel Ricks & Company Ltd
Chartered Accountants
42 Glebe Street
Loughborough
Leicestershire
LE11 1JR
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 05456276
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 11,667 11,667
11,667 11,667
CURRENT ASSETS
Stocks 5 - 6,735
Debtors 6 83,768 58,898
Cash at bank and in hand 59,502 53,545
143,270 119,178
Creditors: Amounts Falling Due Within One Year 7 (128,203 ) (106,555 )
NET CURRENT ASSETS (LIABILITIES) 15,067 12,623
TOTAL ASSETS LESS CURRENT LIABILITIES 26,734 24,290
NET ASSETS 26,734 24,290
CAPITAL AND RESERVES
Called up share capital 8 101 101
Profit and Loss Account 26,633 24,189
SHAREHOLDERS' FUNDS 26,734 24,290
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For the year ending 31 May 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
Mr Antony Humphreys
Director
10th September 2025
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Nigel Ricks & Company Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 05456276 . The registered office is Rose Villa, 42 Glebe Street, Loughborough, Leicestershire, LE11 1JR.
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. 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
Motor Vehicles 25% Straight Line
Fixtures & Fittings 25% Straight Line
Office Equipment 25% Straight Line
2.4. 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.
2.5. 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.
...CONTINUED
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2.5. Taxation - continued
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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 5 (2024: 8)
5 8
4. Tangible Assets
Land & Property
Leasehold Office Equipment Total
£ £ £
Cost
As at 1 June 2024 24,158 85,990 110,148
As at 31 May 2025 24,158 85,990 110,148
Depreciation
As at 1 June 2024 12,491 85,990 98,481
As at 31 May 2025 12,491 85,990 98,481
Net Book Value
As at 31 May 2025 11,667 - 11,667
As at 1 June 2024 11,667 - 11,667
5. Stocks
2025 2024
£ £
Work in progress - 6,735
6. Debtors
2025 2024
£ £
Due within one year
Trade debtors 83,768 57,867
Prepayments and accrued income - 1,031
83,768 58,898
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7. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors - 3,689
Bank loans and overdrafts - 29,101
Corporation tax 4,044 22,710
Other taxes and social security - 757
VAT 13,961 23,974
Intercompany account 110,198 -
Accruals and deferred income - 11,358
Directors' loan accounts - 14,966
128,203 106,555
8. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 101 101
9. Related Party Transactions
On 31 August 2024, Nigel Ricks & Company was acquired by Mr. Anthony Humphreys, who is the sole shareholder of the Company. Mr. Humphreys is also a director and holds the majority shareholding in AEH Accountancy Limited.
As at 31 May 2025, an intercompany balance of £110,196.71 is outstanding between Nigel Ricks & Company and AEH Accountancy Limited. This balance arose from transactions between the two companies following the acquisition.
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