Acorah Software Products - Accounts Production 16.3.350 false true 31 March 2024 1 April 2023 false 1 April 2024 31 December 2024 31 December 2024 05414918 Mr C Barber Mrs C Barber Mr D Lusher iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 05414918 2024-03-31 05414918 2024-12-31 05414918 2024-04-01 2024-12-31 05414918 frs-core:CurrentFinancialInstruments 2024-12-31 05414918 frs-core:Non-currentFinancialInstruments 2024-12-31 05414918 frs-core:ComputerEquipment 2024-12-31 05414918 frs-core:ComputerEquipment 2024-04-01 2024-12-31 05414918 frs-core:ComputerEquipment 2024-03-31 05414918 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-12-31 05414918 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-04-01 2024-12-31 05414918 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-03-31 05414918 frs-core:MotorVehicles 2024-12-31 05414918 frs-core:MotorVehicles 2024-04-01 2024-12-31 05414918 frs-core:MotorVehicles 2024-03-31 05414918 frs-core:PlantMachinery 2024-12-31 05414918 frs-core:PlantMachinery 2024-04-01 2024-12-31 05414918 frs-core:PlantMachinery 2024-03-31 05414918 frs-core:ShareCapital 2024-12-31 05414918 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 05414918 frs-bus:PrivateLimitedCompanyLtd 2024-04-01 2024-12-31 05414918 frs-bus:FilletedAccounts 2024-04-01 2024-12-31 05414918 frs-bus:SmallEntities 2024-04-01 2024-12-31 05414918 frs-bus:AuditExempt-NoAccountantsReport 2024-04-01 2024-12-31 05414918 frs-bus:SmallCompaniesRegimeForAccounts 2024-04-01 2024-12-31 05414918 frs-bus:Director1 2024-04-01 2024-12-31 05414918 frs-bus:Director2 2024-04-01 2024-12-31 05414918 frs-bus:Director3 2024-04-01 2024-12-31 05414918 frs-countries:EnglandWales 2024-04-01 2024-12-31 05414918 2023-03-31 05414918 2024-03-31 05414918 2023-04-01 2024-03-31 05414918 frs-core:CurrentFinancialInstruments 2024-03-31 05414918 frs-core:Non-currentFinancialInstruments 2024-03-31 05414918 frs-core:ShareCapital 2024-03-31 05414918 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31
Registered number: 05414918
1st Choice Insulations Ltd
Unaudited Financial Statements
For the Period 1 April 2024 to 31 December 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 05414918
31 December 2024 31 March 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 453,072 595,660
453,072 595,660
CURRENT ASSETS
Stocks 5 54,714 69,817
Debtors 6 4,983,439 4,046,843
Cash at bank and in hand 1,078,350 942,592
6,116,503 5,059,252
Creditors: Amounts Falling Due Within One Year 7 (1,753,966 ) (1,740,038 )
NET CURRENT ASSETS (LIABILITIES) 4,362,537 3,319,214
TOTAL ASSETS LESS CURRENT LIABILITIES 4,815,609 3,914,874
Creditors: Amounts Falling Due After More Than One Year 8 (209,150 ) (280,145 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (75,651 ) (108,692 )
NET ASSETS 4,530,808 3,526,037
CAPITAL AND RESERVES
Called up share capital 9 1,000 1,000
Profit and Loss Account 4,529,808 3,525,037
SHAREHOLDERS' FUNDS 4,530,808 3,526,037
Page 1
Page 2
For the period 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 C Barber
Director
30/09/2025
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
1st Choice Insulations Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 05414918 . The registered office is Unit 5-6 Quarry Park Frans Green Industrial Estate, East Tuddenham, Dereham, Norfolk, NR20 3JG.
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:
Leasehold 15% Straight line
Plant & Machinery 15% Straight line
Motor Vehicles 25% Straight line
Computer Equipment 33% 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 profit and loss account as incurred.
Page 3
Page 4
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. 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 period, 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.
Page 4
Page 5
3. Average Number of Employees
Average number of employees, including directors, during the period was: 22 (2024: 22)
22 22
4. Tangible Assets
Land & Property
Leasehold Plant & Machinery Motor Vehicles Computer Equipment Total
£ £ £ £ £
Cost
As at 1 April 2024 44,757 194,087 871,768 110,020 1,220,632
Additions - 1,500 - 2,231 3,731
As at 31 December 2024 44,757 195,587 871,768 112,251 1,224,363
Depreciation
As at 1 April 2024 2,797 129,088 424,250 68,837 624,972
Provided during the period 5,036 11,523 114,044 15,716 146,319
As at 31 December 2024 7,833 140,611 538,294 84,553 771,291
Net Book Value
As at 31 December 2024 36,924 54,976 333,474 27,698 453,072
As at 1 April 2024 41,960 64,999 447,518 41,183 595,660
5. Stocks
31 December 2024 31 March 2024
£ £
Materials 54,714 69,817
6. Debtors
31 December 2024 31 March 2024
£ £
Due within one year
Trade debtors 943,929 974,552
Amounts owed by group undertakings 1,680,764 1,453,990
Amounts owed by participating interests 89,868 88,094
Other debtors 2,268,878 1,530,207
4,983,439 4,046,843
Page 5
Page 6
7. Creditors: Amounts Falling Due Within One Year
31 December 2024 31 March 2024
£ £
Net obligations under finance lease and hire purchase contracts 93,499 88,236
Trade creditors 135,701 201,932
Amounts owed to group undertakings 1,003,283 1,005,023
Other creditors 117,092 35,633
Taxation and social security 404,391 409,214
1,753,966 1,740,038
8. Creditors: Amounts Falling Due After More Than One Year
31 December 2024 31 March 2024
£ £
Net obligations under finance lease and hire purchase contracts 209,150 280,145
9. Share Capital
31 December 2024 31 March 2024
£ £
Allotted, Called up and fully paid 1,000 1,000
10. Directors Advances, Credits and Guarantees
Included within Debtors is a loan of £1,810,346 to the director (March 2024: £1,062,229)
The above loan in the March 2024 accounts was unsecured, repayable on demand and interest was charged at HMRC's official rate of interest. In the period from 1st April 2024 to 31st December 2024 the loan was unsecured, interest free and repayable on demand.
11. Related Party Transactions
The company has taken advantage of the exemption under FRS 102 Section 33.1A allowing wholly owned group members to depart from the requirement to disclose transactions with other group companies.
The company was owed £89,868 (March 2024: £88,094) by a company deemed to be related by virtue of common control.
12. Year-End Change
The prior period is a longer period than the current period due to a change of year-end in the current period to align with other group companies.  Prior year comparatives are for a 12 month period however the current period is for 9 months, therefore, the figures are not directly comparable. 
Page 6