Acorah Software Products - Accounts Production 16.5.460 false true 29 February 2024 1 March 2023 false 1 March 2024 28 February 2025 28 February 2025 10611306 Mr Lee Carter Mr Matthew Howarth iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 10611306 2024-02-29 10611306 2025-02-28 10611306 2024-03-01 2025-02-28 10611306 frs-core:CurrentFinancialInstruments 2025-02-28 10611306 frs-core:Non-currentFinancialInstruments 2025-02-28 10611306 frs-core:ComputerEquipment 2025-02-28 10611306 frs-core:ComputerEquipment 2024-03-01 2025-02-28 10611306 frs-core:ComputerEquipment 2024-02-29 10611306 frs-core:FurnitureFittings 2025-02-28 10611306 frs-core:FurnitureFittings 2024-03-01 2025-02-28 10611306 frs-core:FurnitureFittings 2024-02-29 10611306 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2025-02-28 10611306 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-03-01 2025-02-28 10611306 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-02-29 10611306 frs-core:MotorVehicles 2025-02-28 10611306 frs-core:MotorVehicles 2024-03-01 2025-02-28 10611306 frs-core:MotorVehicles 2024-02-29 10611306 frs-core:PlantMachinery 2025-02-28 10611306 frs-core:PlantMachinery 2024-03-01 2025-02-28 10611306 frs-core:PlantMachinery 2024-02-29 10611306 frs-core:SharePremium 2025-02-28 10611306 frs-core:ShareCapital 2025-02-28 10611306 frs-core:RetainedEarningsAccumulatedLosses 2025-02-28 10611306 frs-bus:PrivateLimitedCompanyLtd 2024-03-01 2025-02-28 10611306 frs-bus:FilletedAccounts 2024-03-01 2025-02-28 10611306 frs-bus:SmallEntities 2024-03-01 2025-02-28 10611306 frs-bus:AuditExempt-NoAccountantsReport 2024-03-01 2025-02-28 10611306 frs-bus:SmallCompaniesRegimeForAccounts 2024-03-01 2025-02-28 10611306 frs-bus:Director1 2024-03-01 2025-02-28 10611306 frs-bus:Director2 2024-03-01 2025-02-28 10611306 frs-countries:EnglandWales 2024-03-01 2025-02-28 10611306 2023-02-28 10611306 2024-02-29 10611306 2023-03-01 2024-02-29 10611306 frs-core:CurrentFinancialInstruments 2024-02-29 10611306 frs-core:Non-currentFinancialInstruments 2024-02-29 10611306 frs-core:SharePremium 2024-02-29 10611306 frs-core:ShareCapital 2024-02-29 10611306 frs-core:RetainedEarningsAccumulatedLosses 2024-02-29
Registered number: 10611306
Troika Trading Ltd
Financial Statements
For The Year Ended 28 February 2025
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 10611306
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 59,990 74,240
59,990 74,240
CURRENT ASSETS
Stocks 5 16,659 17,082
Debtors 6 19,145 17,300
Cash at bank and in hand 49,673 37,383
85,477 71,765
Creditors: Amounts Falling Due Within One Year 7 (100,183 ) (114,836 )
NET CURRENT ASSETS (LIABILITIES) (14,706 ) (43,071 )
TOTAL ASSETS LESS CURRENT LIABILITIES 45,284 31,169
Creditors: Amounts Falling Due After More Than One Year 8 (24,411 ) (29,505 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (8,092 ) -
NET ASSETS 12,781 1,664
CAPITAL AND RESERVES
Called up share capital 9 200 200
Share premium account 27,952 27,952
Profit and Loss Account (15,371 ) (26,488 )
SHAREHOLDERS' FUNDS 12,781 1,664
Page 1
Page 2
For the year ending 28 February 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 Lee Carter
Director
23rd 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
Troika Trading Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 10611306 . The registered office is 94-96 Palmerston Road, Southsea, PO5 3PT.
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 Over 10 Years
Plant & Machinery 20% Reducing balance method
Motor Vehicles 20% Reducing balance method
Fixtures & Fittings 20% Reducing balance method
Computer Equipment Over 3 Years
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 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.
...CONTINUED
Page 3
Page 4
2.5. Taxation - continued
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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 24 (2024: 31)
24 31
4. Tangible Assets
Land & Property
Leasehold Plant & Machinery Motor Vehicles Fixtures & Fittings
£ £ £ £
Cost
As at 1 March 2024 63,741 50,261 4,500 91,564
Additions - 2,179 - -
As at 28 February 2025 63,741 52,440 4,500 91,564
Depreciation
As at 1 March 2024 39,162 32,526 750 65,073
Provided during the period 6,097 3,838 750 5,298
As at 28 February 2025 45,259 36,364 1,500 70,371
Net Book Value
As at 28 February 2025 18,482 16,076 3,000 21,193
As at 1 March 2024 24,579 17,735 3,750 26,491
Computer Equipment Total
£ £
Cost
As at 1 March 2024 6,860 216,926
Additions 191 2,370
As at 28 February 2025 7,051 219,296
Depreciation
As at 1 March 2024 5,175 142,686
Provided during the period 637 16,620
As at 28 February 2025 5,812 159,306
Net Book Value
As at 28 February 2025 1,239 59,990
As at 1 March 2024 1,685 74,240
5. Stocks
2025 2024
£ £
Finished goods 16,659 17,082
Page 4
Page 5
6. Debtors
2025 2024
£ £
Due within one year
Trade debtors 661 -
Other debtors 18,484 17,300
19,145 17,300
7. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 27,134 25,930
Bank loans and overdrafts 25,444 17,396
Other creditors 6,227 32,013
Taxation and social security 41,378 39,497
100,183 114,836
8. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Bank loans 24,411 29,505
9. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 200 200
Page 5