Acorah Software Products - Accounts Production 16.5.460 false true 31 December 2023 1 January 2023 false 1 January 2024 31 December 2024 31 December 2024 06393281 Mr Daniel Lee Mr Alexander Collins iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 06393281 2023-12-31 06393281 2024-12-31 06393281 2024-01-01 2024-12-31 06393281 frs-core:CurrentFinancialInstruments 2024-12-31 06393281 frs-core:Non-currentFinancialInstruments 2024-12-31 06393281 frs-core:ComputerEquipment 2024-12-31 06393281 frs-core:ComputerEquipment 2024-01-01 2024-12-31 06393281 frs-core:ComputerEquipment 2023-12-31 06393281 frs-core:NetGoodwill 2024-12-31 06393281 frs-core:NetGoodwill 2024-01-01 2024-12-31 06393281 frs-core:NetGoodwill 2023-12-31 06393281 frs-core:ShareCapital 2024-12-31 06393281 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 06393281 frs-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 06393281 frs-bus:FilletedAccounts 2024-01-01 2024-12-31 06393281 frs-bus:SmallEntities 2024-01-01 2024-12-31 06393281 frs-bus:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 06393281 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 06393281 frs-core:CostValuation 2023-12-31 06393281 frs-core:AdditionsToInvestments 2024-12-31 06393281 frs-core:TransfersIntoOrOutInvestmentsIncreaseDecreaseInInvestments 2024-12-31 06393281 frs-core:CostValuation 2024-12-31 06393281 frs-core:ProvisionsForImpairmentInvestments 2023-12-31 06393281 frs-core:ProvisionsForImpairmentInvestments 2024-12-31 06393281 frs-bus:Director1 2024-01-01 2024-12-31 06393281 frs-bus:Director2 2024-01-01 2024-12-31 06393281 frs-countries:EnglandWales 2024-01-01 2024-12-31 06393281 2022-12-31 06393281 2023-12-31 06393281 2023-01-01 2023-12-31 06393281 frs-core:CurrentFinancialInstruments 2023-12-31 06393281 frs-core:Non-currentFinancialInstruments 2023-12-31 06393281 frs-core:ShareCapital 2023-12-31 06393281 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31
Registered number: 06393281
Arnold Inventories Limited
Unaudited Financial Statements
For The Year Ended 31 December 2024
Harrisons Accountancy Ltd
Harrison House Sheep Walk
Langford Road
Biggleswade
Bedfordshire
SG18 9RB
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 06393281
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 540,111 641,023
Tangible Assets 5 1,030 364
Investments 6 - 231,865
541,141 873,252
CURRENT ASSETS
Debtors 7 377,178 100,831
Cash at bank and in hand 100,061 49,177
477,239 150,008
Creditors: Amounts Falling Due Within One Year 8 (290,647 ) (547,739 )
NET CURRENT ASSETS (LIABILITIES) 186,592 (397,731 )
TOTAL ASSETS LESS CURRENT LIABILITIES 727,733 475,521
Creditors: Amounts Falling Due After More Than One Year 9 (432,171 ) (95,798 )
NET ASSETS 295,562 379,723
CAPITAL AND RESERVES
Called up share capital 10 42,100 421
Profit and Loss Account 253,462 379,302
SHAREHOLDERS' FUNDS 295,562 379,723
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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 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 Daniel Lee
Director
18/09/2025
The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Arnold Inventories Limited is a private company, limited by shares, incorporated in England & Wales, registered number 06393281 . The registered office is 13 Canonbury Place, London, N1 2NQ.
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 - 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 profit and loss account over its estimated economic life of 7 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:
Computer Equipment 20% Reducing balance
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.
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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3. Average Number of Employees
Average number of employees, including directors, during the year was: 5 (2023: 5)
5 5
4. Intangible Assets
Goodwill
£
Cost
As at 1 January 2024 837,797
Additions 34,126
Disposals (5,000 )
As at 31 December 2024 866,923
Amortisation
As at 1 January 2024 196,774
Provided during the period 130,038
As at 31 December 2024 326,812
Net Book Value
As at 31 December 2024 540,111
As at 1 January 2024 641,023
5. Tangible Assets
Computer Equipment
£
Cost
As at 1 January 2024 711
Additions 923
As at 31 December 2024 1,634
Depreciation
As at 1 January 2024 347
Provided during the period 257
As at 31 December 2024 604
Net Book Value
As at 31 December 2024 1,030
As at 1 January 2024 364
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6. Investments
Subsidiaries
£
Cost
As at 1 January 2024 231,865
Additions 23,975
Transfers (255,840 )
As at 31 December 2024 -
Provision
As at 1 January 2024 -
As at 31 December 2024 -
Net Book Value
As at 31 December 2024 -
As at 1 January 2024 231,865
7. Debtors
2024 2023
£ £
Due within one year
Trade debtors 121,180 100,678
Prepayments and accrued income 158 153
Amounts owed by group undertakings 255,840 -
377,178 100,831
8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 48,717 -
Bank loans and overdrafts 75,100 23,599
Corporation tax 63,903 118,509
Other taxes and social security 4,989 6,466
VAT 96,188 98,246
Other creditors - 58,008
Accruals and deferred income 1,750 66,271
Amounts owed to parent undertaking - 176,640
290,647 547,739
9. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 432,171 95,798
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10. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 42,100 421
11. Related Party Transactions
Canonbury Group Ltd: 
Arnold Inventories is controlled by Canonbury Group Ltd (the Companys parent undertaking) 
During the year Canonbury Group Ltd provided services to the company totalling £14,275. It is the directors opinion that all transactions took place at open market rates. At the balance sheet date, the amount owed by the parent undertaking was £255,840. 
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