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 10152025 Mrs Claire Jones Mr Paul Turner Mr Christopher Proctor iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 10152025 2024-03-31 10152025 2025-03-31 10152025 2024-04-01 2025-03-31 10152025 frs-core:CurrentFinancialInstruments 2025-03-31 10152025 frs-core:Non-currentFinancialInstruments 2025-03-31 10152025 frs-core:ComputerEquipment 2025-03-31 10152025 frs-core:ComputerEquipment 2024-04-01 2025-03-31 10152025 frs-core:ComputerEquipment 2024-03-31 10152025 frs-core:FurnitureFittings 2025-03-31 10152025 frs-core:FurnitureFittings 2024-04-01 2025-03-31 10152025 frs-core:FurnitureFittings 2024-03-31 10152025 frs-core:OtherResidualIntangibleAssets 2025-03-31 10152025 frs-core:OtherResidualIntangibleAssets 2024-03-31 10152025 frs-core:SharePremium 2025-03-31 10152025 frs-core:ShareCapital 2025-03-31 10152025 frs-core:RetainedEarningsAccumulatedLosses 2025-03-31 10152025 frs-bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 10152025 frs-bus:FilletedAccounts 2024-04-01 2025-03-31 10152025 frs-bus:SmallEntities 2024-04-01 2025-03-31 10152025 frs-bus:AuditExempt-NoAccountantsReport 2024-04-01 2025-03-31 10152025 frs-bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 10152025 frs-bus:Director1 2024-04-01 2025-03-31 10152025 frs-bus:Director2 2024-04-01 2025-03-31 10152025 frs-bus:Director3 2024-04-01 2025-03-31 10152025 frs-countries:EnglandWales 2024-04-01 2025-03-31 10152025 2023-03-31 10152025 2024-03-31 10152025 2023-04-01 2024-03-31 10152025 frs-core:CurrentFinancialInstruments 2024-03-31 10152025 frs-core:Non-currentFinancialInstruments 2024-03-31 10152025 frs-core:SharePremium 2024-03-31 10152025 frs-core:ShareCapital 2024-03-31 10152025 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31
Registered number: 10152025
Digitech Search Limited
Unaudited Financial Statements
For The Year Ended 31 March 2025
SIFAR LTD
Unit 14, The Maltings Industrial Estate
Hall Road
Southminster
Essex
CM0 7EQ
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 10152025
2025 2024
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 850 850
Tangible Assets 5 13,090 21,774
13,940 22,624
CURRENT ASSETS
Debtors 6 243,758 186,880
Cash at bank and in hand 106,704 129,299
350,462 316,179
Creditors: Amounts Falling Due Within One Year 7 (260,931 ) (238,938 )
NET CURRENT ASSETS (LIABILITIES) 89,531 77,241
TOTAL ASSETS LESS CURRENT LIABILITIES 103,471 99,865
Creditors: Amounts Falling Due After More Than One Year 8 (27,288 ) (75,871 )
NET ASSETS 76,183 23,994
CAPITAL AND RESERVES
Called up share capital 9 1,000 1,000
Share premium account 19,550 19,550
Profit and Loss Account 55,633 3,444
SHAREHOLDERS' FUNDS 76,183 23,994
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.
On behalf of the board
Mrs Claire Jones
Director
5th 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
Digitech Search Limited is a private company, limited by shares, incorporated in England & Wales, registered number 10152025 . The registered office is 124 City Road, London, EC1V 2NX.
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:
Fixtures & Fittings 25% Straight Line
Computer Equipment 25% Straight Line
2.4. 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.
2.5. 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.
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: 11 (2024: 12)
11 12
Page 3
Page 4
4. Intangible Assets
Other
£
Cost
As at 1 April 2024 850
As at 31 March 2025 850
Net Book Value
As at 31 March 2025 850
As at 1 April 2024 850
5. Tangible Assets
Fixtures & Fittings Computer Equipment Total
£ £ £
Cost
As at 1 April 2024 14,614 39,346 53,960
Additions 110 - 110
As at 31 March 2025 14,724 39,346 54,070
Depreciation
As at 1 April 2024 10,529 21,657 32,186
Provided during the period 1,898 6,896 8,794
As at 31 March 2025 12,427 28,553 40,980
Net Book Value
As at 31 March 2025 2,297 10,793 13,090
As at 1 April 2024 4,085 17,689 21,774
6. Debtors
2025 2024
£ £
Due within one year
Trade debtors 206,641 137,624
Prepayments and accrued income 22,467 29,867
VAT 1,040 -
Directors' loan accounts 13,610 19,389
243,758 186,880
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Page 5
7. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 98,260 101,082
Bank loans and overdrafts 53,583 52,396
Corporation tax 75,979 42,875
Other taxes and social security 13,598 20,229
VAT - 1,006
Other creditors 683 1,731
Accruals and deferred income 17,277 19,619
Directors' loan accounts 1,551 -
260,931 238,938
8. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Bank loans 27,288 75,871
9. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 1,000 1,000
Page 5