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 07389601 Mr Adrian Hayter Mr Oliver Hayter iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 07389601 2024-03-31 07389601 2025-03-31 07389601 2024-04-01 2025-03-31 07389601 frs-core:CurrentFinancialInstruments 2025-03-31 07389601 frs-core:Non-currentFinancialInstruments 2025-03-31 07389601 frs-core:BetweenOneFiveYears 2025-03-31 07389601 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2025-03-31 07389601 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-04-01 2025-03-31 07389601 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-03-31 07389601 frs-core:MotorVehicles 2025-03-31 07389601 frs-core:MotorVehicles 2024-04-01 2025-03-31 07389601 frs-core:MotorVehicles 2024-03-31 07389601 frs-core:PlantMachinery 2025-03-31 07389601 frs-core:PlantMachinery 2024-04-01 2025-03-31 07389601 frs-core:PlantMachinery 2024-03-31 07389601 frs-core:WithinOneYear 2025-03-31 07389601 frs-core:ShareCapital 2025-03-31 07389601 frs-core:RetainedEarningsAccumulatedLosses 2025-03-31 07389601 frs-bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 07389601 frs-bus:FilletedAccounts 2024-04-01 2025-03-31 07389601 frs-bus:SmallEntities 2024-04-01 2025-03-31 07389601 frs-bus:AuditExempt-NoAccountantsReport 2024-04-01 2025-03-31 07389601 frs-bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 07389601 frs-bus:Director1 2024-04-01 2025-03-31 07389601 frs-bus:Director2 2024-04-01 2025-03-31 07389601 frs-core:CurrentFinancialInstruments 1 2025-03-31 07389601 frs-core:CurrentFinancialInstruments 2 2025-03-31 07389601 frs-countries:EnglandWales 2024-04-01 2025-03-31 07389601 2023-03-31 07389601 2024-03-31 07389601 2023-04-01 2024-03-31 07389601 frs-core:CurrentFinancialInstruments 2024-03-31 07389601 frs-core:Non-currentFinancialInstruments 2024-03-31 07389601 frs-core:BetweenOneFiveYears 2024-03-31 07389601 frs-core:WithinOneYear 2024-03-31 07389601 frs-core:ShareCapital 2024-03-31 07389601 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 07389601 frs-core:CurrentFinancialInstruments 1 2024-03-31 07389601 frs-core:CurrentFinancialInstruments 2 2024-03-31
Registered number: 07389601
Flexxilease Ltd
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: 07389601
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 3,307,766 3,030,297
3,307,766 3,030,297
CURRENT ASSETS
Stocks 5 34,500 24,625
Debtors 6 216,894 319,794
Cash at bank and in hand 984,565 920,666
1,235,959 1,265,085
Creditors: Amounts Falling Due Within One Year 7 (2,193,823 ) (1,640,243 )
NET CURRENT ASSETS (LIABILITIES) (957,864 ) (375,158 )
TOTAL ASSETS LESS CURRENT LIABILITIES 2,349,902 2,655,139
Creditors: Amounts Falling Due After More Than One Year 8 (1,286,445 ) (1,629,963 )
PROVISIONS FOR LIABILITIES
Deferred Taxation 10 (223,691 ) (223,872 )
NET ASSETS 839,766 801,304
CAPITAL AND RESERVES
Called up share capital 11 100 100
Profit and Loss Account 839,666 801,204
SHAREHOLDERS' FUNDS 839,766 801,304
Page 1
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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
Mr Adrian Hayter
Director
26 September 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
Flexxilease Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 07389601 . The registered office is 77 Ringwood Road, Longham, Dorset, BH22 9AA.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the FRS 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:
Freehold 2% Straight line
Plant & Machinery 20% Straight Line
Motor Vehicles 25% Straight Line
2.4. Leasing and Hire Purchase Contracts
Assets obtained under hire purchase contracts and finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
2.5. 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.
2.6. 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.
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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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 5 (2024: 5)
5 5
4. Tangible Assets
Land & Property
Freehold Plant & Machinery Motor Vehicles Total
£ £ £ £
Cost
As at 1 April 2024 668,922 133,612 2,720,199 3,522,733
Additions - 8,713 896,621 905,334
Disposals - - (237,493 ) (237,493 )
As at 31 March 2025 668,922 142,325 3,379,327 4,190,574
Depreciation
As at 1 April 2024 13,378 48,350 430,708 492,436
Provided during the period 13,379 21,619 414,121 449,119
Disposals - - (58,747 ) (58,747 )
As at 31 March 2025 26,757 69,969 786,082 882,808
Net Book Value
As at 31 March 2025 642,165 72,356 2,593,245 3,307,766
As at 1 April 2024 655,544 85,262 2,289,491 3,030,297
5. Stocks
2025 2024
£ £
Stock 34,500 24,625
Page 4
Page 5
6. Debtors
2025 2024
£ £
Due within one year
Trade debtors 162,965 265,073
Prepayments and accrued income 51,667 43,325
Other debtors 2,262 11,396
216,894 319,794
7. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Net obligations under finance lease and hire purchase contracts 1,053,951 529,149
Trade creditors 348,845 304,429
Bank loans and overdrafts 10,000 10,000
Corporation tax 47,773 65,305
Other taxes and social security 4,676 1,378
VAT 20,139 40,638
Other creditors 539,437 470,353
Credit card 7,599 18,119
Sundry creditors 3,010 53,318
Accruals and deferred income 16,065 14,244
Directors' loan accounts 32,328 23,310
Amounts owed to group undertakings 110,000 110,000
2,193,823 1,640,243
8. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Net obligations under finance lease and hire purchase contracts 1,283,945 1,617,463
Bank loans 2,500 12,500
1,286,445 1,629,963
9. Obligations Under Finance Leases and Hire Purchase
2025 2024
£ £
The future minimum finance lease payments are as follows:
Not later than one year 1,053,951 529,149
Later than one year and not later than five years 1,283,945 1,617,463
2,337,896 2,146,612
2,337,896 2,146,612
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10. Deferred Taxation
The provision for deferred taxation is made up of accelerated capital allowances
2025 2024
£ £
Other timing differences 223,691 223,872
11. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 100 100
12. Other Commitments
The total of future minimum lease payments under non-cancellable operating leases are as following:
2025 2024
£ £
Not later than one year 826,225 812,301
Later than one year and not later than five years 292,692 307,162
1,118,917 1,119,463
13. Dividends
2025 2024
£ £
On equity shares:
Final dividend paid 72,066 51,640
14. Related Party Transactions
Included within Other Creditors is an amount of £32,328 (2024 - £23,310) due to Mr A P Hayter, the director of the company.
The company trades on normal commercial terms with related company 4Mobility Limited which is controlled by the director Mr A P Hayter.
During the year Flexxilease Limited sold services with a net value of £445,390 (2024 - £348,646) to 4Mobility Limited.
At the year end the amount owed by 4Mobility Limited is £NIl (2024 - £5,428).
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