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Registered number: 12493814
Passive Fire Group Ltd
Unaudited Financial Statements
For The Year Ended 31 March 2025
EOACC Ltd
Collingham House
10-12 Gladstone Road
London
SW19 1QT
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 12493814
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 189,937 167,796
189,937 167,796
CURRENT ASSETS
Stocks 5 156,915 10,000
Debtors 6 1,270,412 954,692
Cash at bank and in hand 107,183 193,592
1,534,510 1,158,284
Creditors: Amounts Falling Due Within One Year 7 (620,739 ) (373,803 )
NET CURRENT ASSETS (LIABILITIES) 913,771 784,481
TOTAL ASSETS LESS CURRENT LIABILITIES 1,103,708 952,277
Creditors: Amounts Falling Due After More Than One Year 8 (68,073 ) (87,565 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (47,485 ) (41,950 )
NET ASSETS 988,150 822,762
CAPITAL AND RESERVES
Called up share capital 9 2 2
Profit and Loss Account 988,148 822,760
SHAREHOLDERS' FUNDS 988,150 822,762
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For the year ending 31 March 2025 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 Angus Martyn
Director
30/09/2025
The notes on pages 3 to 6 form part of these financial statements.
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Page 3
Notes to the Financial Statements
1. General Information
Passive Fire Group Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 12493814 . The registered office is Collingham House, 10-12 Gladstone Road, London, SW19 1QT.
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 25% straight line and 10% straight line
Motor Vehicles 20% straight line
Computer Equipment 40% reduced balance and 25% 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. 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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2.7. 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.
2.8. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 10 (2024: 4)
10 4
4. Tangible Assets
Plant & Machinery Motor Vehicles Computer Equipment Total
£ £ £ £
Cost
As at 1 April 2024 138,636 22,498 14,120 175,254
Additions 12,565 39,520 - 52,085
As at 31 March 2025 151,201 62,018 14,120 227,339
Depreciation
As at 1 April 2024 1,996 1,758 3,704 7,458
Provided during the period 17,118 9,594 3,232 29,944
As at 31 March 2025 19,114 11,352 6,936 37,402
Net Book Value
As at 31 March 2025 132,087 50,666 7,184 189,937
As at 1 April 2024 136,640 20,740 10,416 167,796
Included above are assets held under finance leases or hire purchase contracts with a net book value as follows:
2025 2024
£ £
Plant & Machinery 118,547 131,767
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5. Stocks
2025 2024
£ £
Stock 156,915 10,000
6. Debtors
2025 2024
£ £
Due within one year
Trade debtors 907,049 816,949
Prepayments and accrued income 246,485 28,707
Other debtors 1,484 3,595
VAT 109,924 95,789
Directors' loan accounts - 9,652
Amounts owed by associates 5,470 -
1,270,412 954,692
7. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Net obligations under finance lease and hire purchase contracts 19,492 18,275
Trade creditors 319,278 120,331
Corporation tax 207,008 188,891
Other taxes and social security 33,919 20,137
Other creditors 11 901
Accruals and deferred income 6,897 506
Directors' loan accounts 34,134 24,762
620,739 373,803
8. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Net obligations under finance lease and hire purchase contracts 68,073 87,565
9. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 2 2
10. Other Commitments
The total of future minimum lease payments under non-cancellable operating leases are as following:
2025 2024
£ £
Not later than one year 5,903 11,005
Later than one year and not later than five years 1,967 7,870
7,870 18,875
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11. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 April 2024 Amounts advanced Amounts repaid Amounts written off As at 31 March 2025
£ £ £ £ £
Mr Warren Bowen 9,652 4,276 13,928 - -
Loans to directors are repayable on demand, and subject to interest at the prescribed HMRC beneficial loan interest rates.
Dividends paid to directors
2025 2024
£ £
Mr Warren Bowen 52,900 41,500
Mr Angus Martyn 90,900 80,250
12. Related Party Transactions
At 31 March 2025 the company owed the directors as follow:
  • Angus Martyn the amount of £21,683 (2024: £24,762)
  • Warren Bowen the amount of £12,451 (2024: £0)
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