Acorah Software Products - Accounts Production 16.5.460 false true 31 March 2024 1 April 2023 false 1 April 2024 31 March 2025 31 March 2025 00957040 S J Bacchus S M Benton iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 00957040 2024-03-31 00957040 2025-03-31 00957040 2024-04-01 2025-03-31 00957040 frs-core:CurrentFinancialInstruments 2025-03-31 00957040 frs-core:ComputerEquipment 2025-03-31 00957040 frs-core:ComputerEquipment 2024-04-01 2025-03-31 00957040 frs-core:ComputerEquipment 2024-03-31 00957040 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2024-04-01 2025-03-31 00957040 frs-core:FurnitureFittings 2025-03-31 00957040 frs-core:FurnitureFittings 2024-04-01 2025-03-31 00957040 frs-core:FurnitureFittings 2024-03-31 00957040 frs-core:MotorVehicles 2025-03-31 00957040 frs-core:MotorVehicles 2024-04-01 2025-03-31 00957040 frs-core:MotorVehicles 2024-03-31 00957040 frs-core:OtherResidualIntangibleAssets 2025-03-31 00957040 frs-core:OtherResidualIntangibleAssets 2024-04-01 2025-03-31 00957040 frs-core:OtherResidualIntangibleAssets 2024-03-31 00957040 frs-core:PlantMachinery 2025-03-31 00957040 frs-core:PlantMachinery 2024-04-01 2025-03-31 00957040 frs-core:PlantMachinery 2024-03-31 00957040 frs-core:ShareCapital 2025-03-31 00957040 frs-core:RetainedEarningsAccumulatedLosses 2025-03-31 00957040 frs-bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 00957040 frs-bus:FilletedAccounts 2024-04-01 2025-03-31 00957040 frs-bus:SmallEntities 2024-04-01 2025-03-31 00957040 frs-bus:AuditExempt-NoAccountantsReport 2024-04-01 2025-03-31 00957040 frs-bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 00957040 frs-bus:Director1 2024-04-01 2025-03-31 00957040 frs-bus:Director2 2024-04-01 2025-03-31 00957040 frs-countries:EnglandWales 2024-04-01 2025-03-31 00957040 2023-03-31 00957040 2024-03-31 00957040 2023-04-01 2024-03-31 00957040 frs-core:CurrentFinancialInstruments 2024-03-31 00957040 frs-core:ShareCapital 2024-03-31 00957040 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31
Registered number: 00957040
Adhesive Specialities Limited
Financial Statements
For The Year Ended 31 March 2025
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 00957040
2025 2024
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 - 2,920
Tangible Assets 5 236,161 292,671
236,161 295,591
CURRENT ASSETS
Stocks 6 737,355 924,828
Debtors 7 3,976,357 3,353,879
Cash at bank and in hand 152,108 19,659
4,865,820 4,298,366
Creditors: Amounts Falling Due Within One Year 8 (1,925,402 ) (1,606,364 )
NET CURRENT ASSETS (LIABILITIES) 2,940,418 2,692,002
TOTAL ASSETS LESS CURRENT LIABILITIES 3,176,579 2,987,593
PROVISIONS FOR LIABILITIES
Deferred Taxation (45,089 ) (63,562 )
NET ASSETS 3,131,490 2,924,031
CAPITAL AND RESERVES
Called up share capital 9 1,200,000 1,200,000
Profit and Loss Account 1,931,490 1,724,031
SHAREHOLDERS' FUNDS 3,131,490 2,924,031
Page 1
Page 2
For the year ending 31 March 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.
The financial statements were approved by the board of directors on 9 September 2025 and were signed on its behalf by:
S J Bacchus
Director
S M Benton
Director
9th September 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
Adhesive Specialities Limited is a private company, limited by shares, incorporated in England & Wales, registered number 00957040 . The registered office is Tickitape House, 31 Bone Lane, Newbury, Berkshire, RG14 5SH.
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. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when all of the following conditions are satisfied:
  • the Company has transferred the significant risks and rewards of ownership to the buyer. 
  • the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold.
  • the amount of revenue can be measured reliably.
  • it is probable that the Company will receive the consideration due under the transaction.
  • the costs incurred or to be incurred in respect of the transaction can be measured reliably. 
2.3. Intangible Fixed Assets and Amortisation - Other Intangible
Intangible assets are initially recognised at cost.  After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.
All intangible asstes are considered to have a finite useful life.  If a reliable estimate of the useful life cannot be made, the useful life shall not extend 10 years.
The estimated useful lives are as follows.
Computer software
                     5 years
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:
Plant & Machinery 10% and 5%
Motor Vehicles 25%
Fixtures & Fittings 10% and 5%
Computer Equipment 20%
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.
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Page 4
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.
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.
2.8. Pensions
The company operates a defined contribution pension scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
2.9. Operating leases
Rentals paid under operating leases are charged to the profit and loss on a straight-line basis over the lease term.
Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 27 (2024: 27)
27 27
4. Intangible Assets
Other
£
Cost
As at 1 April 2024 58,395
As at 31 March 2025 58,395
Amortisation
As at 1 April 2024 55,475
Provided during the period 2,920
As at 31 March 2025 58,395
Net Book Value
As at 31 March 2025 -
As at 1 April 2024 2,920
Page 4
Page 5
5. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 April 2024 691,925 168,402 266,366 59,305 1,185,998
Additions 19,651 - 8,307 2,442 30,400
Disposals (111,466 ) (136,912 ) - - (248,378 )
As at 31 March 2025 600,110 31,490 274,673 61,747 968,020
Depreciation
As at 1 April 2024 511,599 144,774 192,587 44,367 893,327
Provided during the period 7,993 4,715 15,005 5,371 33,084
Disposals (73,327 ) (121,225 ) - - (194,552 )
As at 31 March 2025 446,265 28,264 207,592 49,738 731,859
Net Book Value
As at 31 March 2025 153,845 3,226 67,081 12,009 236,161
As at 1 April 2024 180,326 23,628 73,779 14,938 292,671
6. Stocks
2025 2024
£ £
Materials 732,937 917,097
Work in progress 4,418 7,731
737,355 924,828
7. Debtors
2025 2024
£ £
Due within one year
Trade debtors 1,079,648 892,840
Amounts owed by group undertakings 2,871,189 2,448,391
Other debtors 25,520 12,648
3,976,357 3,353,879
8. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 647,308 556,323
Bank loans and overdrafts 869,114 10,343
Other creditors 208,600 818,071
Taxation and social security 200,380 221,627
1,925,402 1,606,364
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9. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 1,200,000 1,200,000
Page 6