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 06259525 Mr James Carroll true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 06259525 2023-12-31 06259525 2024-12-31 06259525 2024-01-01 2024-12-31 06259525 frs-core:CurrentFinancialInstruments 2024-12-31 06259525 frs-core:Non-currentFinancialInstruments 2024-12-31 06259525 frs-core:BetweenOneFiveYears 2024-12-31 06259525 frs-core:ComputerEquipment 2024-12-31 06259525 frs-core:ComputerEquipment 2024-01-01 2024-12-31 06259525 frs-core:ComputerEquipment 2023-12-31 06259525 frs-core:CopyrightsPatentsTrademarksServiceOperatingRights 2024-12-31 06259525 frs-core:CopyrightsPatentsTrademarksServiceOperatingRights 2024-01-01 2024-12-31 06259525 frs-core:CopyrightsPatentsTrademarksServiceOperatingRights 2023-12-31 06259525 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2024-01-01 2024-12-31 06259525 frs-core:NetGoodwill 2024-12-31 06259525 frs-core:NetGoodwill 2024-01-01 2024-12-31 06259525 frs-core:NetGoodwill 2023-12-31 06259525 frs-core:MoreThanFiveYears 2024-12-31 06259525 frs-core:OtherResidualIntangibleAssets 2024-12-31 06259525 frs-core:OtherResidualIntangibleAssets 2024-01-01 2024-12-31 06259525 frs-core:OtherResidualIntangibleAssets 2023-12-31 06259525 frs-core:PlantMachinery 2024-12-31 06259525 frs-core:PlantMachinery 2024-01-01 2024-12-31 06259525 frs-core:PlantMachinery 2023-12-31 06259525 frs-core:WithinOneYear 2024-12-31 06259525 frs-core:SharePremium 2024-12-31 06259525 frs-core:ShareCapital 2024-12-31 06259525 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 06259525 frs-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 06259525 frs-bus:FilletedAccounts 2024-01-01 2024-12-31 06259525 frs-bus:SmallEntities 2024-01-01 2024-12-31 06259525 frs-bus:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 06259525 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 06259525 frs-bus:OrdinaryShareClass1 2024-01-01 2024-12-31 06259525 frs-bus:OrdinaryShareClass1 2024-12-31 06259525 frs-bus:PreferenceShareClass1 2024-01-01 2024-12-31 06259525 frs-bus:PreferenceShareClass1 2024-12-31 06259525 1 2024-01-01 2024-12-31 06259525 frs-core:CostValuation 2023-12-31 06259525 frs-core:DisposalsRepaymentsInvestments 2024-12-31 06259525 frs-core:CostValuation 2024-12-31 06259525 frs-core:ProvisionsForImpairmentInvestments 2023-12-31 06259525 frs-core:ProvisionsForImpairmentInvestments 2024-12-31 06259525 frs-core:UnlistedNon-exchangeTraded 2024-12-31 06259525 frs-core:UnlistedNon-exchangeTraded 2023-12-31 06259525 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2023-12-31 06259525 frs-core:DisposalsRepaymentsInvestments frs-core:UnlistedNon-exchangeTraded 2024-12-31 06259525 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2024-12-31 06259525 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2023-12-31 06259525 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2024-12-31 06259525 frs-bus:Director1 2024-01-01 2024-12-31 06259525 frs-bus:Director1 2023-12-31 06259525 frs-bus:Director1 2024-12-31 06259525 frs-core:CurrentFinancialInstruments 1 2024-12-31 06259525 frs-core:Non-currentFinancialInstruments 1 2024-12-31 06259525 frs-core:CurrentFinancialInstruments 2 2024-12-31 06259525 frs-countries:EnglandWales 2024-01-01 2024-12-31 06259525 2022-12-31 06259525 2023-12-31 06259525 2023-01-01 2023-12-31 06259525 frs-core:CurrentFinancialInstruments 2023-12-31 06259525 frs-core:Non-currentFinancialInstruments 2023-12-31 06259525 frs-core:BetweenOneFiveYears 2023-12-31 06259525 frs-core:MoreThanFiveYears 2023-12-31 06259525 frs-core:WithinOneYear 2023-12-31 06259525 frs-core:SharePremium 2023-12-31 06259525 frs-core:ShareCapital 2023-12-31 06259525 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 06259525 frs-bus:OrdinaryShareClass1 2023-01-01 2023-12-31 06259525 frs-bus:PreferenceShareClass1 2023-01-01 2023-12-31 06259525 frs-core:CurrentFinancialInstruments 1 2023-12-31 06259525 frs-core:Non-currentFinancialInstruments 1 2023-12-31 06259525 frs-core:CurrentFinancialInstruments 2 2023-12-31 06259525 frs-core:Non-currentFinancialInstruments 2 2023-12-31
Registered number: 06259525
Thor Photomedicine Limited
Unaudited Financial Statements
For The Year Ended 31 December 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—8
Page 1
Balance Sheet
Registered number: 06259525
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 43,513 44,208
Tangible Assets 5 67,460 60,776
Investments 6 38,280 54,724
149,253 159,708
CURRENT ASSETS
Stocks 7 808,519 875,283
Debtors 8 1,026,390 1,259,359
Cash at bank and in hand 124,189 71,331
1,959,098 2,205,973
Creditors: Amounts Falling Due Within One Year 9 (585,280 ) (790,421 )
NET CURRENT ASSETS (LIABILITIES) 1,373,818 1,415,552
TOTAL ASSETS LESS CURRENT LIABILITIES 1,523,071 1,575,260
Creditors: Amounts Falling Due After More Than One Year 10 (25,000 ) (75,000 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (9,181 ) (12,678 )
NET ASSETS 1,488,890 1,487,582
CAPITAL AND RESERVES
Called up share capital 11 2 2
Share premium account 99,999 99,999
Profit and Loss Account 1,388,889 1,387,581
SHAREHOLDERS' FUNDS 1,488,890 1,487,582
Page 1
Page 2
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 member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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 James Carroll
Director
30 September 2025
The notes on pages 3 to 8 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Thor Photomedicine Limited is a private company, limited by shares, incorporated in England & Wales, registered number 06259525 . The registered office is Unit 1 And 2 Anglo Office Park, White Lion Road, Amersham, Buckinghamshire, HP7 9FB.
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.
The presentation currency of the financial statement is the Pound Sterling (£).
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
2.3. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2007, is being amortised over its estimated useful life of ten years.
2.4. Intangible Fixed Assets and Amortisation - Other Intangible
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses. Patents and licences are being amortised evenly over their estimated useful life of ten years.
2.5. Intangible Fixed Assets and Amortisation - Intellectual Property
Amounts paid in connection with intellectual property rights are not amortised. Where there is a confirmed diminution in value an appropriate charge is made against income.
2.6. 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 25% on reducing balance
Computer Equipment 33% on reducing balance
2.7. Stocks and Work in Progress
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. 
2.8. 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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2.9. 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.
2.10. Pensions
The company contributes towards employees defined contribution pension schemes. Contributions payable to employees' pension schemes are charged to the profit or loss in the period to which they relate.
2.11. Investments in subsidiaries
Investments in subsidiaries are recognised at cost less impairment.
2.12. Leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 36 (2023: 34)
36 34
4. Intangible Assets
Goodwill Other Intellectual Property Total
£ £ £ £
Cost
As at 1 January 2024 6,248 6,945 41,001 54,194
As at 31 December 2024 6,248 6,945 41,001 54,194
...CONTINUED
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Page 5
Amortisation
As at 1 January 2024 6,248 3,738 - 9,986
Provided during the period - 695 - 695
As at 31 December 2024 6,248 4,433 - 10,681
Net Book Value
As at 31 December 2024 - 2,512 41,001 43,513
As at 1 January 2024 - 3,207 41,001 44,208
5. Tangible Assets
Plant & Machinery Computer Equipment Total
£ £ £
Cost
As at 1 January 2024 40,470 111,618 152,088
Additions 24,437 1,547 25,984
Disposals - (3,100 ) (3,100 )
As at 31 December 2024 64,907 110,065 174,972
Depreciation
As at 1 January 2024 21,812 69,500 91,312
Provided during the period 4,664 14,029 18,693
Disposals - (2,493 ) (2,493 )
As at 31 December 2024 26,476 81,036 107,512
Net Book Value
As at 31 December 2024 38,431 29,029 67,460
As at 1 January 2024 18,658 42,118 60,776
6. Investments
Subsidiaries Unlisted Total
£ £ £
Cost
As at 1 January 2024 890 53,834 54,724
Disposals - (16,444 ) (16,444 )
As at 31 December 2024 890 37,390 38,280
Provision
As at 1 January 2024 - - -
As at 31 December 2024 - - -
...CONTINUED
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Net Book Value
As at 31 December 2024 890 37,390 38,280
As at 1 January 2024 890 53,834 54,724
7. Stocks
2024 2023
£ £
Finished goods held off-site 167,799 188,210
Finished goods 640,720 687,073
808,519 875,283
8. Debtors
2024 2023
£ £
Due within one year
Trade debtors 65,078 87,358
Prepayments and accrued income 64,532 87,812
Other debtors 123,620 117,557
Loans repayable within one year 80,356 53,570
VAT 20,999 139,702
Net wages - 6
Director's loan account 133,404 138,028
Amounts owed by subsidiaries 494,957 564,392
982,946 1,188,425
Due after more than one year
Tax on overdrawn directors' account 43,444 38,253
Loans repayable within two to five years - 32,681
43,444 70,934
1,026,390 1,259,359
9. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 178,709 358,313
Bank loans and overdrafts 50,000 50,000
Corporation tax 39,929 85,170
Other taxes and social security 51,904 61,937
Net wages 2,256 -
...CONTINUED
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Page 7
Other creditors 183,921 149,476
Company credit card 32,041 66,025
Accruals and deferred income 46,520 19,500
585,280 790,421
10. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 25,000 75,000
11. Share Capital
2024 2023
Allotted, called up and fully paid £ £
100 Ordinary Shares of £ 0.01 each 1 1
Preference Shares
2024 2023
Allotted, called up and fully paid £ £
75 Preference Shares of £ 0.01 each 1 1
12. Other Commitments
The total of future minimum lease payments under non-cancellable operating leases are as following:
2024 2023
£ £
Not later than one year 245,400 191,306
Later than one year and not later than five years 726,727 954,499
Later than five years 420,957 668,099
1,393,084 1,813,904
The company's operating lease commitments include two leases that continue until 6 July 2033. Both of these leases have a break clause in July 2028, at which point the company can terminate the leases by written notice.
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13. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 January 2024 Amounts advanced Amounts repaid Amounts written off As at 31 December 2024
£ £ £ £ £
Mr James Carroll 138,028 - 4,624 - 133,404
The director's loan is subject to interest calculated at the official rate published by HM Revenue & Customs. During the year ended 31 December 2024 interest of £3,597 (2023: £3,568) was charged to the director's loan account and included in the profit and loss account as Interest Receivable.
14. Dividends
2024 2023
£ £
On equity shares:
Interim dividend paid 98,636 98,636
15. Related Party Transactions
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.
PBM EVENTS LTD
A limited company incorporated in England and Wales of which J Carroll is a director and, together
with his immediate family, the registered owner of 100% of the issued share capital.
16. Ultimate Controlling Party
The company's ultimate controlling party is J D Carroll. 
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