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 09377578 Mr Glenn Beswick Mrs Adele Beswick iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 09377578 2023-12-31 09377578 2024-12-31 09377578 2024-01-01 2024-12-31 09377578 frs-core:CurrentFinancialInstruments 2024-12-31 09377578 frs-core:Non-currentFinancialInstruments 2024-12-31 09377578 frs-core:ComputerEquipment 2024-12-31 09377578 frs-core:ComputerEquipment 2024-01-01 2024-12-31 09377578 frs-core:ComputerEquipment 2023-12-31 09377578 frs-core:MotorVehicles 2024-12-31 09377578 frs-core:MotorVehicles 2024-01-01 2024-12-31 09377578 frs-core:MotorVehicles 2023-12-31 09377578 frs-core:PlantMachinery 2024-12-31 09377578 frs-core:PlantMachinery 2024-01-01 2024-12-31 09377578 frs-core:PlantMachinery 2023-12-31 09377578 frs-core:ShareCapital 2024-12-31 09377578 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 09377578 frs-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 09377578 frs-bus:FilletedAccounts 2024-01-01 2024-12-31 09377578 frs-bus:SmallEntities 2024-01-01 2024-12-31 09377578 frs-bus:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 09377578 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 09377578 frs-bus:Director1 2024-01-01 2024-12-31 09377578 frs-bus:Director1 2023-12-31 09377578 frs-bus:Director1 2024-12-31 09377578 frs-bus:Director2 2024-01-01 2024-12-31 09377578 frs-countries:EnglandWales 2024-01-01 2024-12-31 09377578 2022-12-31 09377578 2023-12-31 09377578 2023-01-01 2023-12-31 09377578 frs-core:CurrentFinancialInstruments 2023-12-31 09377578 frs-core:Non-currentFinancialInstruments 2023-12-31 09377578 frs-core:ShareCapital 2023-12-31 09377578 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31
Registered number: 09377578
Soar Valley Retail Solutions Ltd
Financial Statements
For The Year Ended 31 December 2024
Clear Path Accountancy
Dormer House
44 Town Green Street
Rothley
Leicestershire
LE7 7NU
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 09377578
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 46,746 59,656
46,746 59,656
CURRENT ASSETS
Debtors 5 105,188 100,530
Investments 6 1,343 1,343
Cash at bank and in hand 29,304 57,002
135,835 158,875
Creditors: Amounts Falling Due Within One Year 7 (42,250 ) (24,516 )
NET CURRENT ASSETS (LIABILITIES) 93,585 134,359
TOTAL ASSETS LESS CURRENT LIABILITIES 140,331 194,015
Creditors: Amounts Falling Due After More Than One Year 8 (58,933 ) (84,354 )
NET ASSETS 81,398 109,661
CAPITAL AND RESERVES
Called up share capital 9 4 4
Profit and Loss Account 81,394 109,657
SHAREHOLDERS' FUNDS 81,398 109,661
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 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 Glenn Beswick
Director
29 September 2025
The notes on pages 3 to 5 form part of these financial statements.
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Page 3
Notes to the Financial Statements
1. General Information
Soar Valley Retail Solutions Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 09377578 . The registered office is Dormer House, 44 Town Green Street, Rothley, Leicestershire, LE7 7NU.
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:
Plant & Machinery 20% reducing balance
Motor Vehicles 25% reducing balance
Computer Equipment 20% reducing balance
2.4. 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.
2.5. 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 year 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 asset reflects 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 or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
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3. Average Number of Employees
Average number of employees, including directors, during the year was as follows:  1 (2023: 1)
1 1
4. Tangible Assets
Plant & Machinery Motor Vehicles Computer Equipment Total
£ £ £ £
Cost
As at 1 January 2024 14,019 106,546 2,375 122,940
Additions 1,659 - 330 1,989
As at 31 December 2024 15,678 106,546 2,705 124,929
Depreciation
As at 1 January 2024 7,596 55,119 569 63,284
Provided during the period 1,616 12,856 427 14,899
As at 31 December 2024 9,212 67,975 996 78,183
Net Book Value
As at 31 December 2024 6,466 38,571 1,709 46,746
As at 1 January 2024 6,423 51,427 1,806 59,656
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 16,973 24,939
Prepayments and accrued income 1,224 2,401
VAT 4,657 3,020
Other taxes and social security 82,052 42,030
Directors' loan accounts - 28,140
104,906 100,530
Due after more than one year
Other debtors 282 -
105,188 100,530
6. Current Asset Investments
2024 2023
£ £
Short term deposits 1,343 1,343
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 3,332 6,036
Corporation tax 38,576 18,480
Other creditors (32 ) -
Directors' loan accounts 374 -
42,250 24,516
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8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 53,111 84,354
Other loans 5,822 -
58,933 84,354
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 4 4
10. 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 Glenn Beswick 28,140 - 28,140 - -
The above loan is unsecured, interest free and repayable on demand.
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