Acorah Software Products - Accounts Production 16.4.675 false true true 31 March 2024 1 April 2023 false 1 April 2024 31 March 2025 31 March 2025 00653089 Mr P Walker Mrs E Walker iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 00653089 2024-03-31 00653089 2025-03-31 00653089 2024-04-01 2025-03-31 00653089 frs-core:CurrentFinancialInstruments 2025-03-31 00653089 frs-core:ComputerEquipment 2025-03-31 00653089 frs-core:ComputerEquipment 2024-04-01 2025-03-31 00653089 frs-core:ComputerEquipment 2024-03-31 00653089 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2025-03-31 00653089 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-04-01 2025-03-31 00653089 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-03-31 00653089 frs-core:MotorVehicles 2025-03-31 00653089 frs-core:MotorVehicles 2024-04-01 2025-03-31 00653089 frs-core:MotorVehicles 2024-03-31 00653089 frs-core:PlantMachinery 2025-03-31 00653089 frs-core:PlantMachinery 2024-04-01 2025-03-31 00653089 frs-core:PlantMachinery 2024-03-31 00653089 frs-core:SharePremium 2025-03-31 00653089 frs-core:ShareCapital 2025-03-31 00653089 frs-core:RetainedEarningsAccumulatedLosses 2025-03-31 00653089 frs-bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 00653089 frs-bus:FilletedAccounts 2024-04-01 2025-03-31 00653089 frs-bus:SmallEntities 2024-04-01 2025-03-31 00653089 frs-bus:AuditExempt-NoAccountantsReport 2024-04-01 2025-03-31 00653089 frs-bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 00653089 frs-core:UnlistedNon-exchangeTraded 2025-03-31 00653089 frs-core:UnlistedNon-exchangeTraded 2024-03-31 00653089 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2024-03-31 00653089 frs-core:RevaluationsIncreaseDecreaseInInvestments frs-core:UnlistedNon-exchangeTraded 2025-03-31 00653089 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2025-03-31 00653089 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2024-03-31 00653089 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2025-03-31 00653089 frs-bus:Director1 2024-04-01 2025-03-31 00653089 frs-bus:Director2 2024-04-01 2025-03-31 00653089 frs-countries:EnglandWales 2024-04-01 2025-03-31 00653089 2023-03-31 00653089 2024-03-31 00653089 2023-04-01 2024-03-31 00653089 frs-core:CurrentFinancialInstruments 2024-03-31 00653089 frs-core:WithinOneYear 2024-03-31 00653089 frs-core:SharePremium 2024-03-31 00653089 frs-core:ShareCapital 2024-03-31 00653089 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31
Registered number: 00653089
F, F, & P. Walker Limited
Unaudited 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: 00653089
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 80,911 52,216
Investments 5 189,915 181,092
270,826 233,308
CURRENT ASSETS
Stocks 6 16,240 7,873
Debtors 7 157,049 187,959
Cash at bank and in hand 272,791 284,591
446,080 480,423
Creditors: Amounts Falling Due Within One Year 8 (201,475 ) (231,887 )
NET CURRENT ASSETS (LIABILITIES) 244,605 248,536
TOTAL ASSETS LESS CURRENT LIABILITIES 515,431 481,844
PROVISIONS FOR LIABILITIES
Deferred Taxation (17,050 ) (9,712 )
NET ASSETS 498,381 472,132
CAPITAL AND RESERVES
Called up share capital 9 6,000 6,000
Share premium account 200 200
Profit and Loss Account 492,181 465,932
SHAREHOLDERS' FUNDS 498,381 472,132
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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.
On behalf of the board
Mrs E Walker
Director
17/09/2025
The notes on pages 3 to 6 form part of these financial statements.
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Page 3
Notes to the Financial Statements
1. General Information
F, F, & P. Walker Limited is a private company, limited by shares, incorporated in England & Wales, registered number 00653089 . The registered office is 16 Green Lane, Ockbrook, Derby, Derbyshire, DE72 3SE.
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.
The financial statements are prepared in sterling, which is the functional currency of the entity.
2.2. Going Concern Disclosure
The financial statements have been prepared on a going concern basis.
2.3. Turnover
Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company's activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
The company recognises revenue when;
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.
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 Leasehold property over remaining lease term
Plant & Machinery 15% on reducing balance basis
Motor Vehicles 33% on reducing balance basis
Computer Equipment 33.33% on straight line basis
2.5. Leasing and Hire Purchase Contracts
Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to the profit or loss on a straight-line basis over the period of the lease.
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. Financial Instruments
Recognition and measurement
Other financial instruments, including derivatives, are intially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
2.8. Foreign Currencies
Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are re-translated into the respective functional currency of the entity at the rates prevailing on the reporting date. Non-monetary items carried at fair value that are denominated in foreign currencies are re-translated at the rate on the date when the fair value is re-measured.
Non-monetary items measured in terms of historical cost in foreign currency are not re-translated.
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2.9. 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.
2.10. Pensions
A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.
Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a pre-payment.
2.11. Investments
Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured at cost less impairment.
2.12. Trade debtors
Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.
2.13. Trade creditors
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised at the transaction price.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 12 (2024: 12)
12 12
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4. Tangible Assets
Land & Property
Leasehold Plant & Machinery Motor Vehicles Computer Equipment Total
£ £ £ £ £
Cost
As at 1 April 2024 107,879 118,172 185,300 2,107 413,458
Additions - 7,559 53,225 274 61,058
Disposals - - (82,550 ) - (82,550 )
As at 31 March 2025 107,879 125,731 155,975 2,381 391,966
Depreciation
As at 1 April 2024 107,879 93,234 158,257 1,872 361,242
Provided during the period - 4,161 12,073 83 16,317
Disposals - - (66,504 ) - (66,504 )
As at 31 March 2025 107,879 97,395 103,826 1,955 311,055
Net Book Value
As at 31 March 2025 - 28,336 52,149 426 80,911
As at 1 April 2024 - 24,938 27,043 235 52,216
5. Investments
Unlisted
£
Cost
As at 1 April 2024 181,092
Revaluations 8,823
As at 31 March 2025 189,915
Provision
As at 1 April 2024 -
As at 31 March 2025 -
Net Book Value
As at 31 March 2025 189,915
As at 1 April 2024 181,092
6. Stocks
2025 2024
£ £
Finished goods 16,240 7,873
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7. Debtors
2025 2024
£ £
Due within one year
Trade debtors 104,526 143,884
Other debtors 52,523 44,075
157,049 187,959
8. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 104,382 110,831
Other creditors 78,645 87,919
Taxation and social security 18,448 33,137
201,475 231,887
9. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 6,000 6,000
10. Other Commitments
The total amount of financial commitments not included in the balance sheet is:
2025 2024
£ £
Not later than one year - 26,210
- 26,210
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