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 04232378 Mr Christopher Long Miss Rebecca Payne Mr Christopher Long Mr Timothy Long Mr Andrew Long iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 04232378 2023-12-31 04232378 2024-12-31 04232378 2024-01-01 2024-12-31 04232378 frs-core:CurrentFinancialInstruments 2024-12-31 04232378 frs-core:Non-currentFinancialInstruments 2024-12-31 04232378 frs-core:BetweenOneFiveYears 2024-12-31 04232378 frs-core:ComputerEquipment 2024-12-31 04232378 frs-core:ComputerEquipment 2024-01-01 2024-12-31 04232378 frs-core:ComputerEquipment 2023-12-31 04232378 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2024-12-31 04232378 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2024-01-01 2024-12-31 04232378 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-12-31 04232378 frs-core:FurnitureFittings 2024-12-31 04232378 frs-core:FurnitureFittings 2024-01-01 2024-12-31 04232378 frs-core:FurnitureFittings 2023-12-31 04232378 frs-core:NetGoodwill 2024-12-31 04232378 frs-core:NetGoodwill 2024-01-01 2024-12-31 04232378 frs-core:NetGoodwill 2023-12-31 04232378 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-12-31 04232378 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-01-01 2024-12-31 04232378 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-12-31 04232378 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-12-31 04232378 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 04232378 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-12-31 04232378 frs-core:MotorVehicles 2024-12-31 04232378 frs-core:MotorVehicles 2024-01-01 2024-12-31 04232378 frs-core:MotorVehicles 2023-12-31 04232378 frs-core:OtherResidualIntangibleAssets 2024-12-31 04232378 frs-core:OtherResidualIntangibleAssets 2024-01-01 2024-12-31 04232378 frs-core:OtherResidualIntangibleAssets 2023-12-31 04232378 frs-core:WithinOneYear 2024-12-31 04232378 frs-core:ShareCapital 2024-12-31 04232378 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 04232378 frs-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 04232378 frs-bus:FilletedAccounts 2024-01-01 2024-12-31 04232378 frs-bus:SmallEntities 2024-01-01 2024-12-31 04232378 frs-bus:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 04232378 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 04232378 frs-bus:OrdinaryShareClass2 2024-01-01 2024-12-31 04232378 frs-bus:OrdinaryShareClass2 2024-12-31 04232378 frs-bus:OrdinaryShareClass3 2024-01-01 2024-12-31 04232378 frs-bus:OrdinaryShareClass3 2024-12-31 04232378 frs-bus:OrdinaryShareClass4 2024-01-01 2024-12-31 04232378 frs-bus:OrdinaryShareClass4 2024-12-31 04232378 frs-bus:OrdinaryShareClass5 2024-01-01 2024-12-31 04232378 frs-bus:OrdinaryShareClass5 2024-12-31 04232378 frs-core:UnlistedNon-exchangeTraded 2024-12-31 04232378 frs-core:UnlistedNon-exchangeTraded 2023-12-31 04232378 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2023-12-31 04232378 frs-core:RevaluationsIncreaseDecreaseInInvestments frs-core:UnlistedNon-exchangeTraded 2024-12-31 04232378 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2024-12-31 04232378 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2023-12-31 04232378 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2024-12-31 04232378 frs-bus:Director1 2024-01-01 2024-12-31 04232378 frs-bus:Director2 2024-01-01 2024-12-31 04232378 frs-bus:Director3 2024-01-01 2024-12-31 04232378 frs-bus:Director4 2024-01-01 2024-12-31 04232378 frs-bus:Director5 2024-01-01 2024-12-31 04232378 frs-countries:EnglandWales 2024-01-01 2024-12-31 04232378 2022-12-31 04232378 2023-12-31 04232378 2023-01-01 2023-12-31 04232378 frs-core:CurrentFinancialInstruments 2023-12-31 04232378 frs-core:Non-currentFinancialInstruments 2023-12-31 04232378 frs-core:BetweenOneFiveYears 2023-12-31 04232378 frs-core:MotorVehicles 2023-01-01 2023-12-31 04232378 frs-core:WithinOneYear 2023-12-31 04232378 frs-core:ShareCapital 2023-12-31 04232378 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 04232378 frs-bus:OrdinaryShareClass2 2023-01-01 2023-12-31 04232378 frs-bus:OrdinaryShareClass3 2023-01-01 2023-12-31 04232378 frs-bus:OrdinaryShareClass4 2023-01-01 2023-12-31 04232378 frs-bus:OrdinaryShareClass5 2023-01-01 2023-12-31
Registered number: 04232378
Sherborne Limited
Unaudited Financial Statements
For The Year Ended 31 December 2024
Contents
Page
Company Information 1
Balance Sheet 2—3
Notes to the Financial Statements 4—8
Page 1
Company Information
Directors Mr Christopher Long
Miss Rebecca Payne
Mr Christopher Long
Mr Timothy Long
Mr Andrew Long
Company Number 04232378
Registered Office 24 Picton House
Hussar Court
Waterlooville
Hampshire
PO7 7SQ
Accountants Johnston Wood Roach Ltd
24 Picton House Hussar Court, Westside View
Waterlooville
PO7 7SQ
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Balance Sheet
Registered number: 04232378
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 15,121 39,675
Tangible Assets 5 690,981 799,676
Investments 6 23 208
706,125 839,559
CURRENT ASSETS
Stocks 205,000 205,000
Debtors 7 1,589,456 1,537,739
Cash at bank and in hand 297,981 156,454
2,092,437 1,899,193
Creditors: Amounts Falling Due Within One Year 8 (2,226,572 ) (1,944,317 )
NET CURRENT ASSETS (LIABILITIES) (134,135 ) (45,124 )
TOTAL ASSETS LESS CURRENT LIABILITIES 571,990 794,435
Creditors: Amounts Falling Due After More Than One Year 9 (288,425 ) (471,766 )
PROVISIONS FOR LIABILITIES
Provisions For Charges (81,540 ) (81,540 )
Deferred Taxation (174,713 ) (205,332 )
NET ASSETS 27,312 35,797
CAPITAL AND RESERVES
Called up share capital 11 101 101
Profit and Loss Account 27,211 35,696
SHAREHOLDERS' FUNDS 27,312 35,797
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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 Christopher Long
Director
Mr Christopher Long
Director
29 September 2025
The notes on pages 4 to 8 form part of these financial statements.
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Page 4
Notes to the Financial Statements
1. General Information
Sherborne Limited is a private company, limited by shares, incorporated in England & Wales, registered number 04232378 . The registered office is 24 Picton House, Hussar Court, Waterlooville, Hampshire, PO7 7SQ.
The presentation currency of the financial statements is the Pound Sterling (£).
Accounts are rounded to the nearest pound.
The accounts represent the company as an individual entity.
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.
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 20 years.
2.4. Intangible Fixed Assets and Amortisation - Other Intangible
Other intangible assets are Leases which amortised to profit and loss account over its estimated economic life of 9 years.
Software which is amortised toprofit and loss account  over its estimated economic life of 5 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:
Freehold in accordance with the property
Leasehold 4% on cost
Motor Vehicles 25% reducing balance
Fixtures & Fittings 15% reducing balance
Computer Equipment 20% straight line
2.6. 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.
2.7. 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.
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2.8. 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.
2.9. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
2.10. Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost..
2.11. Guarantee scheme costs
The company provides a guarantee on it's products for a 10 year period. The company provides for the estimated
cost of the fulfilment of these guarantees based on current costs, including a provision for overheads where
applicable.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 44 (2023: 43)
44 43
4. Intangible Assets
Goodwill Other Development Costs Total
£ £ £ £
Cost
As at 1 January 2024 360,000 5,206 32,552 397,758
Additions - - 1,600 1,600
As at 31 December 2024 360,000 5,206 34,152 399,358
Amortisation
As at 1 January 2024 342,000 4,049 12,034 358,083
Provided during the period 18,000 578 7,576 26,154
As at 31 December 2024 360,000 4,627 19,610 384,237
Net Book Value
As at 31 December 2024 - 579 14,542 15,121
As at 1 January 2024 18,000 1,157 20,518 39,675
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5. Tangible Assets
Land & Property
Freehold Leasehold Motor Vehicles Fixtures & Fittings
£ £ £ £
Cost
As at 1 January 2024 142,546 760,250 404,164 194,526
Additions 3,944 7,574 1,622 239
As at 31 December 2024 146,490 767,824 405,786 194,765
Depreciation
As at 1 January 2024 82,479 303,127 195,639 147,329
Provided during the period 19,329 34,712 47,497 29,549
As at 31 December 2024 101,808 337,839 243,136 176,878
Net Book Value
As at 31 December 2024 44,682 429,985 162,650 17,887
As at 1 January 2024 60,067 457,123 208,525 47,197
Computer Equipment Total
£ £
Cost
As at 1 January 2024 39,279 1,540,765
Additions 19,352 32,731
As at 31 December 2024 58,631 1,573,496
Depreciation
As at 1 January 2024 12,515 741,089
Provided during the period 10,339 141,426
As at 31 December 2024 22,854 882,515
Net Book Value
As at 31 December 2024 35,777 690,981
As at 1 January 2024 26,764 799,676
Included above are assets held under finance leases or hire purchase contracts with a net book value as follows:
2024 2023
£ £
Motor Vehicles 65,785 132,513
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6. Investments
Unlisted
£
Cost
As at 1 January 2024 208
Revaluations (185 )
As at 31 December 2024 23
Provision
As at 1 January 2024 -
As at 31 December 2024 -
Net Book Value
As at 31 December 2024 23
As at 1 January 2024 208
7. Debtors
2024 2023
£ £
Due within one year
Trade debtors 83,662 156,374
Amounts owed by group undertakings 961,052 805,300
Other debtors 544,742 576,065
1,589,456 1,537,739
8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 25,679 71,383
Trade creditors 853,439 802,238
Bank loans and overdrafts 266,477 241,655
Amounts owed to group undertakings 537,797 574,646
Other creditors 328,423 170,292
Taxation and social security 214,757 84,103
2,226,572 1,944,317
9. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 7,105 48,210
Bank loans 281,320 423,556
288,425 471,766
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10. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year 25,679 71,383
Later than one year and not later than five years 7,105 48,210
32,784 119,593
32,784 119,593
11. Share Capital
2024 2023
Allotted, called up and fully paid £ £
1 Ordinary A shares of £ 97.50 each 98 98
1 Ordinary B shares of £ 1.00 each 1 1
2 Ordinary C shares of £ 0.50 each 1 1
1 Ordinary D shares of £ 1.00 each 1 1
101 101
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