Acorah Software Products - Accounts Production 16.5.460 false true 31 January 2024 1 February 2023 false 1 February 2024 31 January 2025 31 January 2025 11766634 M Backhouse iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 11766634 2024-01-31 11766634 2025-01-31 11766634 2024-02-01 2025-01-31 11766634 frs-core:CurrentFinancialInstruments 2025-01-31 11766634 frs-core:ComputerEquipment 2025-01-31 11766634 frs-core:ComputerEquipment 2024-02-01 2025-01-31 11766634 frs-core:ComputerEquipment 2024-01-31 11766634 frs-core:FurnitureFittings 2025-01-31 11766634 frs-core:FurnitureFittings 2024-02-01 2025-01-31 11766634 frs-core:FurnitureFittings 2024-01-31 11766634 frs-core:NetGoodwill 2025-01-31 11766634 frs-core:NetGoodwill 2024-02-01 2025-01-31 11766634 frs-core:NetGoodwill 2024-01-31 11766634 frs-core:ShareCapital 2025-01-31 11766634 frs-core:RetainedEarningsAccumulatedLosses 2025-01-31 11766634 frs-bus:PrivateLimitedCompanyLtd 2024-02-01 2025-01-31 11766634 frs-bus:FilletedAccounts 2024-02-01 2025-01-31 11766634 frs-bus:SmallEntities 2024-02-01 2025-01-31 11766634 frs-bus:AuditExempt-NoAccountantsReport 2024-02-01 2025-01-31 11766634 frs-bus:SmallCompaniesRegimeForAccounts 2024-02-01 2025-01-31 11766634 frs-bus:Director1 2024-02-01 2025-01-31 11766634 frs-countries:EnglandWales 2024-02-01 2025-01-31 11766634 2023-01-31 11766634 2024-01-31 11766634 2023-02-01 2024-01-31 11766634 frs-core:CurrentFinancialInstruments 2024-01-31 11766634 frs-core:ShareCapital 2024-01-31 11766634 frs-core:RetainedEarningsAccumulatedLosses 2024-01-31
Registered number: 11766634
Tilly Sveaas Limited
Unaudited Financial Statements
For The Year Ended 31 January 2025
Tilly Sveaas Limited
Contents
Contents

| Page
--- | ---
Balance Sheet | 1—2
Notes to the Financial Statements | 3—5

Page 1
Tilly Sveaas Limited
Balance Sheet
As At 31 January 2025
Balance Sheet
Registered number: 11766634

| 2025 | 2024
--- | --- | ---
| Notes | £ | £ | £ | £
FIXED ASSETS
Tangible Assets | 5 |  | 11,791 |  | 11,938
|  |  | 11,791 |  | 11,938
CURRENT ASSETS
Stocks | 6 | 288,489 |  | 143,673 |
Debtors | 7 | 567,852 |  | 136,844 |
Cash at bank and in hand |  | 1,726,773 |  | 763,623 |
|  | 2,583,114 |  | 1,044,140 |
Creditors: Amounts Falling Due Within One Year | 8 | (948,033 ) |  | (406,097 ) |
NET CURRENT ASSETS (LIABILITIES) |  |  | 1,635,081 |  | 638,043
TOTAL ASSETS LESS CURRENT LIABILITIES |  |  | 1,646,872 |  | 649,981
NET ASSETS |  |  | 1,646,872 |  | 649,981
CAPITAL AND RESERVES
Called up share capital | 9 |  | 1 |  | 1
Profit and Loss Account |  |  | 1,646,871 |  | 649,980
SHAREHOLDERS' FUNDS |  |  | 1,646,872 |  | 649,981

Page 1
Page 2
Tilly Sveaas Limited
Balance Sheet (continued)
As At 31 January 2025
For the year ending 31 January 2025 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 her 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

M Backhouse Director
2 October 2025

The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Tilly Sveaas Limited
Notes to the Financial Statements
For The Year Ended 31 January 2025
Notes to the Financial Statements
1. General Information
Tilly Sveaas Limited is a private company, limited by shares, incorporated in England & Wales, registered number 11766634 . The registered office is Fairbank Studios, 75-81 Burnaby Street, London, SW10 0NS .
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, excluding discounts, rebates, value added tax and other sales taxes.
2.3. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.
2.4. 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:

Fixtures & Fittings | 20% straight line
Office Equipment | 25% straight line

2.5. Leasing and Hire Purchase Contracts
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.
2.6. 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.
2.7. 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.
Page 3
Page 4
Tilly Sveaas Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 January 2025
2.8. Pensions
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.
2.9. Debtors
Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.
2.10. Creditors
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 4 (2024: 1)
4 1
4. Intangible Assets

| Goodwill
--- | ---
| £
Cost
As at 1 February 2024 | 11,000
As at 31 January 2025 | 11,000
Amortisation
As at 1 February 2024 | 11,000
As at 31 January 2025 | 11,000
Net Book Value
As at 31 January 2025 | -
As at 1 February 2024 | -

5. Tangible Assets

| Fixtures & Fittings | Office Equipment | Total
--- | --- | --- | ---
| £ | £ | £
Cost
As at 1 February 2024 | 1,851 | 25,805 | 27,656
Additions | - | 7,256 | 7,256
As at 31 January 2025 | 1,851 | 33,061 | 34,912
Depreciation
As at 1 February 2024 | 829 | 14,889 | 15,718
Provided during the period | 370 | 7,033 | 7,403
As at 31 January 2025 | 1,199 | 21,922 | 23,121

...CONTINUED
Page 4
Page 5
Tilly Sveaas Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 January 2025

Net Book Value
As at 31 January 2025 | 652 | 11,139 | 11,791
As at 1 February 2024 | 1,022 | 10,916 | 11,938

6. Stocks

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Stock | 288,489 |  | 143,673

7. Debtors

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Due within one year
Trade debtors | 52,714 |  | 38,523
Other debtors | 515,138 |  | 98,321
| 567,852 |  | 136,844

8. Creditors: Amounts Falling Due Within One Year

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Trade creditors | 73,634 |  | 55,435
Other creditors | 171,610 |  | 62,307
Taxation and social security | 702,789 |  | 288,355
| 948,033 |  | 406,097

9. Share Capital

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Allotted, Called up and fully paid | 1 |  | 1

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