Acorah Software Products - Accounts Production 16.5.460 false true true 31 December 2023 1 January 2023 false 1 January 2024 31 December 2024 31 December 2024 10086533 Mr R Hann iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 10086533 2023-12-31 10086533 2024-12-31 10086533 2024-01-01 2024-12-31 10086533 frs-core:CurrentFinancialInstruments 2024-12-31 10086533 frs-core:Non-currentFinancialInstruments 2024-12-31 10086533 frs-core:FurnitureFittings 2024-12-31 10086533 frs-core:FurnitureFittings 2024-01-01 2024-12-31 10086533 frs-core:FurnitureFittings 2023-12-31 10086533 frs-core:NetGoodwill 2024-12-31 10086533 frs-core:NetGoodwill 2024-01-01 2024-12-31 10086533 frs-core:NetGoodwill 2023-12-31 10086533 frs-core:ShareCapital 2024-12-31 10086533 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 10086533 frs-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 10086533 frs-bus:FilletedAccounts 2024-01-01 2024-12-31 10086533 frs-bus:SmallEntities 2024-01-01 2024-12-31 10086533 frs-bus:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 10086533 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 10086533 frs-bus:Director1 2024-01-01 2024-12-31 10086533 frs-countries:EnglandWales 2024-01-01 2024-12-31 10086533 2022-12-31 10086533 2023-12-31 10086533 2023-01-01 2023-12-31 10086533 frs-core:CurrentFinancialInstruments 2023-12-31 10086533 frs-core:Non-currentFinancialInstruments 2023-12-31 10086533 frs-core:WithinOneYear 2023-12-31 10086533 frs-core:ShareCapital 2023-12-31 10086533 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31
Registered number: 10086533
The Okehampton Photo Centre Limited
Unaudited Financial Statements
For The Year Ended 31 December 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 10086533
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 4,448 9,898
Tangible Assets 5 3,615 2,843
8,063 12,741
CURRENT ASSETS
Stocks 6 15,550 14,385
Debtors 7 - 715
Cash at bank and in hand 2,256 5,327
17,806 20,427
Creditors: Amounts Falling Due Within One Year 8 (52,248 ) (57,232 )
NET CURRENT ASSETS (LIABILITIES) (34,442 ) (36,805 )
TOTAL ASSETS LESS CURRENT LIABILITIES (26,379 ) (24,064 )
Creditors: Amounts Falling Due After More Than One Year 9 (9,849 ) (12,037 )
NET LIABILITIES (36,228 ) (36,101 )
CAPITAL AND RESERVES
Called up share capital 10 100 100
Profit and Loss Account (36,328 ) (36,201 )
SHAREHOLDERS' FUNDS (36,228) (36,101)
Page 1
Page 2
For the year 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 member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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 R Hann
Director
25 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
The Okehampton Photo Centre Limited is a private company, limited by shares, incorporated in England & Wales, registered number 10086533 . The registered office is 3 Atlas House, West Devon Business Park, Tavistock, Devon, PL19 9DP.
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. Going Concern Disclosure
The financial statements have been prepared on a going concern basis, which assumes that the company will continue in operational existence for the foreseeable future.  This depends on the continued financial support of the company's director and bankers.  
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 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. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to the profit and loss account over its estimated economic life of 10 years.
2.5. 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% reducing balance
2.6. Stocks and Work in Progress
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is
determined using the first-in, first-out (FIFO) method.
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.
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Page 4
2.8. Borrowings
Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing
borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of
transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account
over the period of the relevant borrowing.
Interest expense is recognised on the basis of the effective interest method and is included in interest payable
and similar charges.
Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement
of the liability for at least twelve months after the reporting date.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2023: 1)
1 1
4. Intangible Assets
Goodwill
£
Cost
As at 1 January 2024 47,300
As at 31 December 2024 47,300
Amortisation
As at 1 January 2024 37,402
Provided during the period 5,450
As at 31 December 2024 42,852
Net Book Value
As at 31 December 2024 4,448
As at 1 January 2024 9,898
5. Tangible Assets
Fixtures & Fittings
£
Cost
As at 1 January 2024 14,939
Additions 1,980
As at 31 December 2024 16,919
Depreciation
As at 1 January 2024 12,096
Provided during the period 1,208
As at 31 December 2024 13,304
Net Book Value
As at 31 December 2024 3,615
As at 1 January 2024 2,843
Page 4
Page 5
6. Stocks
2024 2023
£ £
Stock 15,550 14,385
7. Debtors
2024 2023
£ £
Due within one year
Other debtors - 715
8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 1,171 7,511
Bank loans and overdrafts 2,043 1,896
Other creditors 49,034 47,825
52,248 57,232
9. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 9,849 12,037
Bank borrowings:
HSBC Bounce Back loan is denominated in GBP with a nomial interest rate of 2.5%. The carrying amount at the year end is £11,343 (2023 - £13,934).
10. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
11. Other Commitments
The total of future minimum lease payments under non-cancellable operating leases are as following:
2024 2023
£ £
Not later than one year - 208
- 208
The amount of non-cancellable operating lease payments recognised as an expense during the year was £415.96 (2023 - £1,418).
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