Acorah Software Products - Accounts Production 16.5.460 false true 31 March 2024 1 April 2023 false 1 April 2024 31 March 2025 31 March 2025 04126458 Miss C E Downes Mr S W Lane Miss C E Downes iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 04126458 2024-03-31 04126458 2025-03-31 04126458 2024-04-01 2025-03-31 04126458 frs-core:CurrentFinancialInstruments 2025-03-31 04126458 frs-core:Non-currentFinancialInstruments 2025-03-31 04126458 frs-core:ComputerEquipment 2025-03-31 04126458 frs-core:ComputerEquipment 2024-04-01 2025-03-31 04126458 frs-core:ComputerEquipment 2024-03-31 04126458 frs-core:MotorVehicles 2025-03-31 04126458 frs-core:MotorVehicles 2024-04-01 2025-03-31 04126458 frs-core:MotorVehicles 2024-03-31 04126458 frs-core:PlantMachinery 2025-03-31 04126458 frs-core:PlantMachinery 2024-04-01 2025-03-31 04126458 frs-core:PlantMachinery 2024-03-31 04126458 frs-core:ShareCapital 2025-03-31 04126458 frs-core:RetainedEarningsAccumulatedLosses 2025-03-31 04126458 frs-bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 04126458 frs-bus:FilletedAccounts 2024-04-01 2025-03-31 04126458 frs-bus:SmallEntities 2024-04-01 2025-03-31 04126458 frs-bus:AuditExempt-NoAccountantsReport 2024-04-01 2025-03-31 04126458 frs-bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 04126458 frs-core:DeferredTaxation 2024-04-01 2025-03-31 04126458 frs-core:DeferredTaxation 2024-03-31 04126458 frs-core:DeferredTaxation 2025-03-31 04126458 frs-bus:Director1 2024-04-01 2025-03-31 04126458 frs-bus:Director2 2024-04-01 2025-03-31 04126458 frs-bus:CompanySecretary1 2024-04-01 2025-03-31 04126458 frs-countries:EnglandWales 2024-04-01 2025-03-31 04126458 2023-03-31 04126458 2024-03-31 04126458 2023-04-01 2024-03-31 04126458 frs-core:CurrentFinancialInstruments 2024-03-31 04126458 frs-core:Non-currentFinancialInstruments 2024-03-31 04126458 frs-core:ShareCapital 2024-03-31 04126458 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31
Registered number: 04126458
Round Midnight Ltd
Unaudited Financial Statements
For The Year Ended 31 March 2025
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 04126458
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 116,539 80,467
116,539 80,467
CURRENT ASSETS
Debtors 5 237,058 434,718
Cash at bank and in hand 751,995 334,452
989,053 769,170
Creditors: Amounts Falling Due Within One Year 6 (622,773 ) (685,308 )
NET CURRENT ASSETS (LIABILITIES) 366,280 83,862
TOTAL ASSETS LESS CURRENT LIABILITIES 482,819 164,329
Creditors: Amounts Falling Due After More Than One Year 7 (1,996 ) (3,783 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (29,152 ) (20,117 )
NET ASSETS 451,671 140,429
CAPITAL AND RESERVES
Called up share capital 9 52,000 52,000
Profit and Loss Account 399,671 88,429
SHAREHOLDERS' FUNDS 451,671 140,429
Page 1
Page 2
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
Miss C E Downes
Director
23 May 2025
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Round Midnight Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 04126458 . The registered office is 9-11 Stratford Road, Shirley, Solihull, B90 3LU.
The presentation currency is pounds sterling (£).
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% on reducing balance
Motor Vehicles 25% on reducing balance
Computer Equipment 20% on cost
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: 4 (2024: 4)
4 4
Page 3
Page 4
4. Tangible Assets
Plant & Machinery Motor Vehicles Computer Equipment Total
£ £ £ £
Cost
As at 1 April 2024 16,499 34,810 56,752 108,061
Additions 36,071 - 21,706 57,777
Disposals - (7,310 ) - (7,310 )
As at 31 March 2025 52,570 27,500 78,458 158,528
Depreciation
As at 1 April 2024 9,388 7,883 10,323 27,594
Provided during the period 2,154 6,732 12,749 21,635
Disposals - (7,240 ) - (7,240 )
As at 31 March 2025 11,542 7,375 23,072 41,989
Net Book Value
As at 31 March 2025 41,028 20,125 55,386 116,539
As at 1 April 2024 7,111 26,927 46,429 80,467
5. Debtors
2025 2024
£ £
Due within one year
Trade debtors 230,413 429,639
Prepayments and accrued income 6,645 5,079
237,058 434,718
6. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 7,409 2,466
Bank loans and overdrafts 1,786 1,903
Corporation tax 129,823 59,777
Other taxes and social security 253 -
VAT 73,286 89,627
Net wages 540 -
Other creditors 40,000 -
Accruals and deferred income 363,001 524,860
Directors' loan accounts 6,675 6,675
622,773 685,308
7. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Bank loans 1,996 3,783
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Page 5
8. Provisions for Liabilities
Deferred Tax Total
£ £
As at 1 April 2024 20,117 20,117
Deferred taxation 9,035 9,035
Balance at 31 March 2025 29,152 29,152
9. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 52,000 52,000
The share capital was increased from 12 shares of £1 each to 100 shares of £520 each on the 6 April 2023 and then 10,000 shares of £5.20 each on the 12 January 2024.
10. Directors Advances, Credits and Guarantees
Dividends paid to directors
2025 2024
£ £
Mr S W Lane 38,266 34,600
Miss C E Downes 38,266 34,600
11. Related Party Transactions
The directors have loaned the compnay money in the year. The total balance at 31 March 2024 and 31 March 2025 was £6,675.
The loans are interest free and repayable on demand.
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