Acorah Software Products - Accounts Production 16.4.675 false true 31 December 2023 1 January 2023 false 1 January 2024 31 December 2024 31 December 2024 07434856 Mrs Joanna Newton Mr John Newton iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 07434856 2023-12-31 07434856 2024-12-31 07434856 2024-01-01 2024-12-31 07434856 frs-core:CurrentFinancialInstruments 2024-12-31 07434856 frs-core:NetGoodwill 2024-12-31 07434856 frs-core:NetGoodwill 2024-01-01 2024-12-31 07434856 frs-core:NetGoodwill 2023-12-31 07434856 frs-core:OtherReservesSubtotal 2024-12-31 07434856 frs-core:ShareCapital 2024-12-31 07434856 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 07434856 frs-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 07434856 frs-bus:FilletedAccounts 2024-01-01 2024-12-31 07434856 frs-bus:SmallEntities 2024-01-01 2024-12-31 07434856 frs-bus:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 07434856 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 07434856 frs-core:UnlistedNon-exchangeTraded 2024-12-31 07434856 frs-core:UnlistedNon-exchangeTraded 2023-12-31 07434856 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2023-12-31 07434856 frs-core:AdditionsToInvestments frs-core:UnlistedNon-exchangeTraded 2024-12-31 07434856 frs-core:DisposalsRepaymentsInvestments frs-core:UnlistedNon-exchangeTraded 2024-12-31 07434856 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2024-12-31 07434856 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2023-12-31 07434856 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2024-12-31 07434856 frs-bus:Director1 2024-01-01 2024-12-31 07434856 frs-bus:Director2 2024-01-01 2024-12-31 07434856 frs-countries:EnglandWales 2024-01-01 2024-12-31 07434856 2022-12-31 07434856 2023-12-31 07434856 2023-01-01 2023-12-31 07434856 frs-core:CurrentFinancialInstruments 2023-12-31 07434856 frs-core:OtherReservesSubtotal 2023-12-31 07434856 frs-core:ShareCapital 2023-12-31 07434856 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31
Registered number: 07434856
Stockfarm Limited
Unaudited Financial Statements
For The Year Ended 31 December 2024
Montacs
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—4
Page 1
Balance Sheet
Registered number: 07434856
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 - 7,792
Investments 5 1,666,910 815,307
1,666,910 823,099
CURRENT ASSETS
Debtors 6 1,388,564 516,712
Cash at bank and in hand 107,010 100,347
1,495,574 617,059
Creditors: Amounts Falling Due Within One Year 7 (89,482 ) (38,339 )
NET CURRENT ASSETS (LIABILITIES) 1,406,092 578,720
TOTAL ASSETS LESS CURRENT LIABILITIES 3,073,002 1,401,819
NET ASSETS 3,073,002 1,401,819
CAPITAL AND RESERVES
Called up share capital 8 100 100
Other reserves 1,839,348 -
Profit and Loss Account 1,233,554 1,401,719
SHAREHOLDERS' FUNDS 3,073,002 1,401,819
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 John Newton
Director
30/09/2025
The notes on pages 2 to 4 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
Stockfarm Limited is a private company, limited by shares, incorporated in England & Wales, registered number 07434856 . The registered office is Mickle Lodge Warrington Raod, Mickle Trafford, Chester, CH2 4EB.
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. 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 10 years.
2.4. 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: 2 (2023: 2)
2 2
Page 2
Page 3
4. Intangible Assets
Goodwill
£
Cost
As at 1 January 2024 51,956
As at 31 December 2024 51,956
Amortisation
As at 1 January 2024 44,164
Impairment losses 7,792
As at 31 December 2024 51,956
Net Book Value
As at 31 December 2024 -
As at 1 January 2024 7,792
5. Investments
Unlisted
£
Cost or Valuation
As at 1 January 2024 815,307
Additions 1,839,449
Disposals (987,846 )
As at 31 December 2024 1,666,910
Provision
As at 1 January 2024 -
As at 31 December 2024 -
Net Book Value
As at 31 December 2024 1,666,910
As at 1 January 2024 815,307
6. Debtors
2024 2023
£ £
Due within one year
Prepayments and accrued income - 2,600
Corporation tax recoverable assets 15,175 15,175
Directors' loan accounts 134,326 145,503
Amounts owed by group undertakings 402,413 353,434
Amounts owed by subsidiaries 836,650 -
1,388,564 516,712
Page 3
Page 4
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Corporation tax 1 37,517
Other creditors 87,481 -
Accruals and deferred income 2,000 822
89,482 38,339
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
Page 4