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 NI659831 Owen Pemberton Steven Pemberton iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure NI659831 2023-12-31 NI659831 2024-12-31 NI659831 2024-01-01 2024-12-31 NI659831 frs-core:CurrentFinancialInstruments 2024-12-31 NI659831 frs-core:Non-currentFinancialInstruments 2024-12-31 NI659831 frs-core:BetweenOneFiveYears 2024-12-31 NI659831 frs-core:ComputerEquipment 2024-12-31 NI659831 frs-core:ComputerEquipment 2024-01-01 2024-12-31 NI659831 frs-core:ComputerEquipment 2023-12-31 NI659831 frs-core:MotorVehicles 2024-12-31 NI659831 frs-core:MotorVehicles 2024-01-01 2024-12-31 NI659831 frs-core:MotorVehicles 2023-12-31 NI659831 frs-core:PlantMachinery 2024-12-31 NI659831 frs-core:PlantMachinery 2024-01-01 2024-12-31 NI659831 frs-core:PlantMachinery 2023-12-31 NI659831 frs-core:WithinOneYear 2024-12-31 NI659831 frs-core:ShareCapital 2024-12-31 NI659831 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 NI659831 frs-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 NI659831 frs-bus:FilletedAccounts 2024-01-01 2024-12-31 NI659831 frs-bus:SmallEntities 2024-01-01 2024-12-31 NI659831 frs-bus:AuditExemptWithAccountantsReport 2024-01-01 2024-12-31 NI659831 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 NI659831 frs-bus:Director1 2024-01-01 2024-12-31 NI659831 frs-bus:Director2 2024-01-01 2024-12-31 NI659831 frs-core:CurrentFinancialInstruments 9 2024-12-31 NI659831 frs-countries:NorthernIreland 2024-01-01 2024-12-31 NI659831 2022-12-31 NI659831 2023-12-31 NI659831 2023-01-01 2023-12-31 NI659831 frs-core:CurrentFinancialInstruments 2023-12-31 NI659831 frs-core:Non-currentFinancialInstruments 2023-12-31 NI659831 frs-core:BetweenOneFiveYears 2023-12-31 NI659831 frs-core:WithinOneYear 2023-12-31 NI659831 frs-core:ShareCapital 2023-12-31 NI659831 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 NI659831 frs-core:CurrentFinancialInstruments 9 2023-12-31
Registered number: NI659831
Forbidden Industries UK Ltd
Unaudited Financial Statements
For The Year Ended 31 December 2024
Godfrey Wilson Limited
Fifth Floor Mariner House
62 Prince Street
Bristol
BS1 4QD
Contents
Page
Accountant's Report 1
Balance Sheet 2—3
Notes to the Financial Statements 4—6
Page 1
Accountant's Report
Chartered Accountant's report to the directors on the preparation of the unaudited statutory accounts of Forbidden Industries UK Ltd for the year ended 31 December 2024
In order to assist you to fulfil your duties under the Companies Act 2006, I have prepared for your approval the accounts of Forbidden Industries UK Ltd for the year ended 31 December 2024 which comprise the Profit and Loss Account, the Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given to us.
As a practising member of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at http://www.icaew.com/en/membership/regulations-standards-and-guidance.
This report is made solely to the directors of Forbidden Industries UK Ltd , as a body, in accordance with the terms of our engagement letter dated 12 August 2024. Our work has been undertaken solely to prepare for your approval the accounts of Forbidden Industries UK Ltd and state those matters that we have agreed to state to the directors of Forbidden Industries UK Ltd , as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Forbidden Industries UK Ltd and its directors, as a body, for our work or for this report.
It is your duty to ensure that Forbidden Industries UK Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit or loss of Forbidden Industries UK Ltd . You consider that Forbidden Industries UK Ltd is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit of the accounts of Forbidden Industries UK Ltd . For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the financial statements.
Joshua Turner FCCA
26/09/2025
Godfrey Wilson Limited
Fifth Floor Mariner House
62 Prince Street
Bristol
BS1 4QD
Page 1
Page 2
Balance Sheet
Registered number: NI659831
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 19,790 23,436
19,790 23,436
CURRENT ASSETS
Stocks 5 37,427 53,064
Debtors 6 6,751 151,198
Cash at bank and in hand 8,285 4,974
52,463 209,236
Creditors: Amounts Falling Due Within One Year 7 (86,741 ) (135,528 )
NET CURRENT ASSETS (LIABILITIES) (34,278 ) 73,708
TOTAL ASSETS LESS CURRENT LIABILITIES (14,488 ) 97,144
Creditors: Amounts Falling Due After More Than One Year 8 (3,438 ) (9,317 )
NET (LIABILITIES)/ASSETS (17,926 ) 87,827
CAPITAL AND RESERVES
Called up share capital 10 100 100
Profit and Loss Account (18,026 ) 87,727
SHAREHOLDERS' FUNDS (17,926) 87,827
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Page 3
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
Steven Pemberton
Director
26/09/2025
The notes on pages 4 to 6 form part of these financial statements.
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Page 4
Notes to the Financial Statements
1. General Information
Forbidden Industries UK Ltd is a private company, limited by shares, incorporated in Northern Ireland, registered number NI659831 . The registered office is Unit 686 - Moat House Business Centre, 54 Bloomfield Avenue, Belfast, Northern Ireland, BT5 5AD.
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:
Plant & Machinery 3 year straight line
Motor Vehicles 10 year straight line
Computer Equipment 3 year straight line
2.4. Leasing and Hire Purchase Contracts
Assets obtained under 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 the profit and loss account as incurred.
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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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 2)
2 2
4. Tangible Assets
Plant & Machinery Motor Vehicles Computer Equipment Total
£ £ £ £
Cost
As at 1 January 2024 4,798 29,650 1,843 36,291
As at 31 December 2024 4,798 29,650 1,843 36,291
Depreciation
As at 1 January 2024 4,025 7,395 1,435 12,855
Provided during the period 773 2,465 408 3,646
As at 31 December 2024 4,798 9,860 1,843 16,501
Net Book Value
As at 31 December 2024 - 19,790 - 19,790
As at 1 January 2024 773 22,255 408 23,436
5. Stocks
2024 2023
£ £
Finished goods 37,427 53,064
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 5,846 150,293
Prepayments and accrued income 905 905
6,751 151,198
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7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 5,878 5,878
Trade creditors 11,208 7,620
Other taxes and social security 505 1,890
VAT 1,959 2,720
Deferred income 322 -
Accruals 5,141 4,850
Amounts owed to parent undertaking 61,728 112,570
86,741 135,528
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 3,438 9,317
9. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year 5,878 5,878
Later than one year and not later than five years 3,438 9,317
9,316 15,195
9,316 15,195
10. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
11. Related Party Transactions
Controlling party
The company is 100% owned by Forbidden Industries Ltd, a Canadian Private Company Limited By Shares with registration number 773794086. The company was under their control throughout the period. 
At 31 December 2024, Forbidden Industries UK Ltd owed £61,728 (2023: £112,570) to Forbidden Industries Ltd.
During the period under review, Forbidden Industries UK Ltd charged Forbidden Industries Ltd £nil (2023: £133,722) for goods and services for it and its customers.
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