Acorah Software Products - Accounts Production 16.5.460 false true 30 September 2023 1 October 2022 false 1 October 2023 30 September 2024 30 September 2024 09226652 A H Keene A C Keene iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 09226652 2023-09-30 09226652 2024-09-30 09226652 2023-10-01 2024-09-30 09226652 frs-core:CurrentFinancialInstruments 2024-09-30 09226652 frs-core:ComputerEquipment 2024-09-30 09226652 frs-core:ComputerEquipment 2023-10-01 2024-09-30 09226652 frs-core:ComputerEquipment 2023-09-30 09226652 frs-core:MotorVehicles 2024-09-30 09226652 frs-core:MotorVehicles 2023-10-01 2024-09-30 09226652 frs-core:MotorVehicles 2023-09-30 09226652 frs-core:PlantMachinery 2024-09-30 09226652 frs-core:PlantMachinery 2023-10-01 2024-09-30 09226652 frs-core:PlantMachinery 2023-09-30 09226652 frs-core:ShareCapital 2024-09-30 09226652 frs-core:RetainedEarningsAccumulatedLosses 2024-09-30 09226652 frs-bus:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 09226652 frs-bus:FilletedAccounts 2023-10-01 2024-09-30 09226652 frs-bus:SmallEntities 2023-10-01 2024-09-30 09226652 frs-bus:AuditExempt-NoAccountantsReport 2023-10-01 2024-09-30 09226652 frs-bus:SmallCompaniesRegimeForAccounts 2023-10-01 2024-09-30 09226652 frs-bus:OrdinaryShareClass1 2023-10-01 2024-09-30 09226652 frs-bus:OrdinaryShareClass1 2024-09-30 09226652 frs-bus:Director1 2023-10-01 2024-09-30 09226652 frs-bus:Director1 2023-09-30 09226652 frs-bus:Director1 2024-09-30 09226652 frs-bus:Director2 2023-10-01 2024-09-30 09226652 frs-bus:Director2 2023-09-30 09226652 frs-bus:Director2 2024-09-30 09226652 frs-countries:EnglandWales 2023-10-01 2024-09-30 09226652 2022-09-30 09226652 2023-09-30 09226652 2022-10-01 2023-09-30 09226652 frs-core:CurrentFinancialInstruments 2023-09-30 09226652 frs-core:ShareCapital 2023-09-30 09226652 frs-core:RetainedEarningsAccumulatedLosses 2023-09-30 09226652 frs-bus:OrdinaryShareClass1 2022-10-01 2023-09-30
Registered number: 09226652
Agricision Limited
Unaudited Financial Statements
For The Year Ended 30 September 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 09226652
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 10,694 17,522
10,694 17,522
CURRENT ASSETS
Stocks 5 60,426 42,303
Debtors 6 546,587 186,558
Cash at bank and in hand 718,608 629,932
1,325,621 858,793
Creditors: Amounts Falling Due Within One Year 7 (168,275 ) (74,722 )
NET CURRENT ASSETS (LIABILITIES) 1,157,346 784,071
TOTAL ASSETS LESS CURRENT LIABILITIES 1,168,040 801,593
PROVISIONS FOR LIABILITIES
Deferred Taxation 8 (2,674 ) (4,381 )
NET ASSETS 1,165,366 797,212
CAPITAL AND RESERVES
Called up share capital 9 10 10
Profit and Loss Account 1,165,356 797,202
SHAREHOLDERS' FUNDS 1,165,366 797,212
Page 1
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For the year ending 30 September 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
A H Keene
Director
30/09/2025
The notes on pages 3 to 6 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Agricision Limited is a private company, limited by shares, incorporated in England & Wales, registered number 09226652 . The registered office is Applehouse Farm, Burchetts Green, Maidenhead, Berkshire, SL6 6QP.
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.
These financial statements for the year ended 30th September 2023 are the first financial statements of Agricision Limited prepared in accordance with FRS 102 Section 1A, The Financial Reporting Standard applicable in the UK and Republic of Ireland.  The date of transition to FRS 102 Section 1A was 1st October 2021.  The reported financial position and financial performance for the previous period are not affected by the transition to FRS 102 Section 1A.
Functional and Presentational Currency
The company's functional and presentational currency is GBP.
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 25% 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 the profit and loss account as incurred.
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. Financial Instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss.  Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
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2.7. 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.
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. Research and Development Costs
Expenditure on research and development is written off against profits in the year in which it is incurred.
2.10. Cash and Cash Equivalents
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.
2.11. Share Capital
Ordinary shares are classified as equity.  Equity instruments are measured at the fair value of the cash or other resources received or receivable net of the direct costs of issuing the equity instruments.  If payment is deferred and the time value of money is material, the initial measurements is on the present value basis.
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 October 2023 6,840 4,833 26,027 37,700
Additions - - 1,124 1,124
As at 30 September 2024 6,840 4,833 27,151 38,824
Depreciation
As at 1 October 2023 3,570 1,612 14,996 20,178
Provided during the period 1,710 1,209 5,033 7,952
As at 30 September 2024 5,280 2,821 20,029 28,130
...CONTINUED
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Net Book Value
As at 30 September 2024 1,560 2,012 7,122 10,694
As at 1 October 2023 3,270 3,221 11,031 17,522
5. Stocks
2024 2023
£ £
Finished goods 60,426 42,303
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 30,084 22,251
Prepayments and accrued income 5,746 3,022
Other debtors 126,520 39,459
VAT - 5,235
Directors' loan accounts 384,237 116,591
546,587 186,558
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 9,581 3,907
Bank loans and overdrafts - 41
Corporation tax 137,579 59,097
Other taxes and social security 297 -
VAT 8,159 -
Other creditors 12,659 10,352
Accruals and deferred income - 1,325
168,275 74,722
8. Deferred Taxation
The provision for deferred tax is made up as follows:
2024 2023
£ £
Other timing differences 2,674 4,381
9. Share Capital
2024 2023
Allotted, called up and fully paid £ £
10 Ordinary Shares of £ 1.000 each 10 10
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10. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 October 2023 Amounts advanced Amounts repaid Amounts written off As at 30 September 2024
£ £ £ £ £
Mr Adam Keene 116,916 257,958 - - 374,874
Mr Alan Keene - 9,363 - - 9,363
The above loan is unsecured, interest free and repayable on demand.
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