Acorah Software Products - Accounts Production 16.4.675 false true 31 March 2024 1 April 2023 false 1 April 2024 31 December 2024 31 December 2024 07581862 Mr Edward Tennent Mr Barry Tennent Mr Timothy Tennent iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 07581862 2024-03-31 07581862 2024-12-31 07581862 2024-04-01 2024-12-31 07581862 frs-core:CurrentFinancialInstruments 2024-12-31 07581862 frs-core:ComputerEquipment 2024-12-31 07581862 frs-core:ComputerEquipment 2024-04-01 2024-12-31 07581862 frs-core:ComputerEquipment 2024-03-31 07581862 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2024-04-01 2024-12-31 07581862 frs-core:FurnitureFittings 2024-12-31 07581862 frs-core:FurnitureFittings 2024-04-01 2024-12-31 07581862 frs-core:FurnitureFittings 2024-03-31 07581862 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-12-31 07581862 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-04-01 2024-12-31 07581862 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-03-31 07581862 frs-core:MotorVehicles 2024-12-31 07581862 frs-core:MotorVehicles 2024-04-01 2024-12-31 07581862 frs-core:MotorVehicles 2024-03-31 07581862 frs-core:OtherResidualIntangibleAssets 2024-12-31 07581862 frs-core:OtherResidualIntangibleAssets 2024-04-01 2024-12-31 07581862 frs-core:OtherResidualIntangibleAssets 2024-03-31 07581862 frs-core:PlantMachinery 2024-12-31 07581862 frs-core:PlantMachinery 2024-04-01 2024-12-31 07581862 frs-core:PlantMachinery 2024-03-31 07581862 frs-core:WithinOneYear 2024-12-31 07581862 frs-core:ShareCapital 2024-12-31 07581862 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 07581862 frs-bus:PrivateLimitedCompanyLtd 2024-04-01 2024-12-31 07581862 frs-bus:FilletedAccounts 2024-04-01 2024-12-31 07581862 frs-bus:SmallEntities 2024-04-01 2024-12-31 07581862 frs-bus:AuditExempt-NoAccountantsReport 2024-04-01 2024-12-31 07581862 frs-bus:SmallCompaniesRegimeForAccounts 2024-04-01 2024-12-31 07581862 frs-bus:Director1 2024-04-01 2024-12-31 07581862 frs-bus:Director2 2024-04-01 2024-12-31 07581862 frs-bus:Director3 2024-04-01 2024-12-31 07581862 frs-countries:EnglandWales 2024-04-01 2024-12-31 07581862 2023-03-31 07581862 2024-03-31 07581862 2023-04-01 2024-03-31 07581862 frs-core:CurrentFinancialInstruments 2024-03-31 07581862 frs-core:WithinOneYear 2024-03-31 07581862 frs-core:ShareCapital 2024-03-31 07581862 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31
Registered number: 07581862
Ashfield Group Limited
Unaudited Financial Statements
For the Period 1 April 2024 to 31 December 2024
Montacs
Ashfield Group Limited
Contents
Contents

| Page
--- | ---
Balance Sheet | 1—2
Notes to the Financial Statements | 3—6

Page 1
Ashfield Group Limited
Balance Sheet
As At 31 December 2024
Balance Sheet
Registered number: 07581862

| 31 December 2024 | 31 March 2024
--- | --- | ---
| Notes | £ | £ | £ | £
FIXED ASSETS
Intangible Assets | 4 |  | 7,910 |  | 8,396
Tangible Assets | 5 |  | 315,962 |  | 195,215
|  |  | 323,872 |  | 203,611
CURRENT ASSETS
Stocks | 6 | 65,000 |  | 58,000 |
Debtors | 7 | 2,013,351 |  | 1,656,944 |
Cash at bank and in hand |  | 896,153 |  | 1,253,317 |
|  | 2,974,504 |  | 2,968,261 |
Creditors: Amounts Falling Due Within One Year | 8 | (2,224,315 ) |  | (1,721,672 ) |
NET CURRENT ASSETS (LIABILITIES) |  |  | 750,189 |  | 1,246,589
TOTAL ASSETS LESS CURRENT LIABILITIES |  |  | 1,074,061 |  | 1,450,200
PROVISIONS FOR LIABILITIES
Deferred Taxation |  |  | (1,716 ) |  | (1,716 )
NET ASSETS |  |  | 1,072,345 |  | 1,448,484
CAPITAL AND RESERVES
Called up share capital | 10 |  | 300 |  | 300
Profit and Loss Account |  |  | 1,072,045 |  | 1,448,184
SHAREHOLDERS' FUNDS |  |  | 1,072,345 |  | 1,448,484

Page 1
Page 2
Ashfield Group Limited
Balance Sheet (continued)
As At 31 December 2024
For the period 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 Edward Tennent Director
31/12/2024

The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
Ashfield Group Limited
Notes to the Financial Statements
For the Period 1 April 2024 to 31 December 2024
Notes to the Financial Statements
1. General Information
Ashfield Group Limited is a private company, limited by shares, incorporated in England & Wales, registered number 07581862 . The registered office is Regents House, Pinbush Road, Lowestoft, Suffolk, NR33 7NL.
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. Intangible Fixed Assets and Amortisation - Other Intangible
Other intangible asset is a website design and it is amortised to profit and loss account over its estimated economic life of 20 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:

Freehold | Held at cost
Plant & Machinery | 20% on cost
Motor Vehicles | 25% on reducing balance
Fixtures & Fittings | 20% on cost
Computer Equipment | 33.3% on cost

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.
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Ashfield Group Limited
Notes to the Financial Statements (continued)
For the Period 1 April 2024 to 31 December 2024
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 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.
2.9. Government Grant
Government grants are recognised in the profit and loss account in an appropriate manner that matches them with the expenditure towards which they are intended to contribute.
Grants for immediate financial support or to cover costs already incurred are recognised immediately in the profit and loss account. Grants towards general activities of the entity over a specific period are recognised in the profit and loss account over that period.
Grants towards fixed assets are recognised over the expected useful lives of the related assets and are treated as deferred income and released to the profit and loss account over the useful life of the asset concerned.
All grants in the profit and loss account are recognised when all conditions for receipt have been complied with.
3. Average Number of Employees
Average number of employees, including directors, during the period was: 21 (2024: 21)
21 21
4. Intangible Assets

| Other
--- | ---
| £
Cost
As at 1 April 2024 | 9,709
As at 31 December 2024 | 9,709
Amortisation
As at 1 April 2024 | 1,313
Provided during the period | 486
As at 31 December 2024 | 1,799
Net Book Value
As at 31 December 2024 | 7,910
As at 1 April 2024 | 8,396

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Ashfield Group Limited
Notes to the Financial Statements (continued)
For the Period 1 April 2024 to 31 December 2024
5. Tangible Assets

| Land & Property
--- | ---
| Freehold | Plant & Machinery | Motor Vehicles | Fixtures & Fittings
| £ | £ | £ | £
Cost
As at 1 April 2024 | 141,799 | 42,361 | 79,269 | 42,222
Additions | - | 3,080 | 213,478 | -
Disposals | - | - | (71,168 ) | -
As at 31 December 2024 | 141,799 | 45,441 | 221,579 | 42,222
Depreciation
As at 1 April 2024 | - | 30,643 | 43,275 | 36,518
Provided during the period | - | 7,402 | 15,949 | 1,666
As at 31 December 2024 | - | 38,045 | 59,224 | 38,184
Net Book Value
As at 31 December 2024 | 141,799 | 7,396 | 162,355 | 4,038
As at 1 April 2024 | 141,799 | 11,718 | 35,994 | 5,704

| Computer Equipment | Total
--- | --- | ---
| £ | £
Cost
As at 1 April 2024 | 7,000 | 312,651
Additions | 460 | 217,018
Disposals | - | (71,168 )
As at 31 December 2024 | 7,460 | 458,501
Depreciation
As at 1 April 2024 | 7,000 | 117,436
Provided during the period | 86 | 25,103
As at 31 December 2024 | 7,086 | 142,539
Net Book Value
As at 31 December 2024 | 374 | 315,962
As at 1 April 2024 | - | 195,215

6. Stocks

| 31 December 2024 |  | 31 March 2024
--- | --- | --- | ---
| £ |  | £
Stock | 65,000 |  | 58,000

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Ashfield Group Limited
Notes to the Financial Statements (continued)
For the Period 1 April 2024 to 31 December 2024
7. Debtors

| 31 December 2024 |  | 31 March 2024
--- | --- | --- | ---
| £ |  | £
Due within one year
Trade debtors | 1,614,476 |  | 1,352,352
Prepayments and accrued income | 346,873 |  | 211,889
Other debtors | 38,201 |  | 68,201
VAT | 13,801 |  | -
Amounts owed by group undertakings | - |  | 24,502
| 2,013,351 |  | 1,656,944

8. Creditors: Amounts Falling Due Within One Year

| 31 December 2024 |  | 31 March 2024
--- | --- | --- | ---
| £ |  | £
Net obligations under finance lease and hire purchase contracts | 56,685 |  | -
Trade creditors | 1,467,702 |  | 1,387,460
Corporation tax | 284,652 |  | 245,831
Other taxes and social security | 35,078 |  | 25,999
VAT | - |  | 14,607
Other creditors | 96,637 |  | 43,914
Accruals and deferred income | 84,247 |  | 3,861
Government grants within one year | - |  | -
Amounts owed to group undertakings | 199,314 |  | -
| 2,224,315 |  | 1,721,672

9. Obligations Under Finance Leases and Hire Purchase

| 31 December 2024 |  | 31 March 2024
--- | --- | --- | ---
| £ |  | £
The future minimum finance lease payments are as follows:
Not later than one year | 56,685 |  | -

10. Share Capital

| 31 December 2024 |  | 31 March 2024
--- | --- | --- | ---
| £ |  | £
Allotted, Called up and fully paid | 300 |  | 300

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