Acorah Software Products - Accounts Production 16.5.460 false true true 31 March 2024 1 April 2023 false 1 April 2024 30 June 2025 30 June 2025 09489591 Mr Neil Lowdon iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 09489591 2024-03-31 09489591 2025-06-30 09489591 2024-04-01 2025-06-30 09489591 frs-core:CurrentFinancialInstruments 2025-06-30 09489591 frs-core:Non-currentFinancialInstruments 2025-06-30 09489591 frs-core:BetweenOneFiveYears 2025-06-30 09489591 frs-core:ComputerEquipment 2025-06-30 09489591 frs-core:ComputerEquipment 2024-04-01 2025-06-30 09489591 frs-core:ComputerEquipment 2024-03-31 09489591 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2025-06-30 09489591 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-04-01 2025-06-30 09489591 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-03-31 09489591 frs-core:MotorVehicles 2025-06-30 09489591 frs-core:MotorVehicles 2024-04-01 2025-06-30 09489591 frs-core:MotorVehicles 2024-03-31 09489591 frs-core:PlantMachinery 2025-06-30 09489591 frs-core:PlantMachinery 2024-04-01 2025-06-30 09489591 frs-core:PlantMachinery 2024-03-31 09489591 frs-core:WithinOneYear 2025-06-30 09489591 frs-core:ShareCapital 2025-06-30 09489591 frs-core:RetainedEarningsAccumulatedLosses 2025-06-30 09489591 frs-bus:PrivateLimitedCompanyLtd 2024-04-01 2025-06-30 09489591 frs-bus:FilletedAccounts 2024-04-01 2025-06-30 09489591 frs-bus:SmallEntities 2024-04-01 2025-06-30 09489591 frs-bus:AuditExempt-NoAccountantsReport 2024-04-01 2025-06-30 09489591 frs-bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-06-30 09489591 frs-bus:Director1 2024-04-01 2025-06-30 09489591 frs-core:CurrentFinancialInstruments 2 2025-06-30 09489591 frs-countries:EnglandWales 2024-04-01 2025-06-30 09489591 2023-03-31 09489591 2024-03-31 09489591 2023-04-01 2024-03-31 09489591 frs-core:CurrentFinancialInstruments 2024-03-31 09489591 frs-core:Non-currentFinancialInstruments 2024-03-31 09489591 frs-core:BetweenOneFiveYears 2024-03-31 09489591 frs-core:WithinOneYear 2024-03-31 09489591 frs-core:ShareCapital 2024-03-31 09489591 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 09489591 frs-core:CurrentFinancialInstruments 2 2024-03-31
Registered number: 09489591
Neil Lowdon Limited
Unaudited Financial Statements
For the Period 1 April 2024 to 30 June 2025
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 09489591
30 June 2025 31 March 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 406,098 337,777
406,098 337,777
CURRENT ASSETS
Debtors 5 110,690 101,551
Cash at bank and in hand 122,457 78,690
233,147 180,241
Creditors: Amounts Falling Due Within One Year 6 (341,928 ) (237,977 )
NET CURRENT ASSETS (LIABILITIES) (108,781 ) (57,736 )
TOTAL ASSETS LESS CURRENT LIABILITIES 297,317 280,041
Creditors: Amounts Falling Due After More Than One Year 7 (200,434 ) (198,881 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (39,359 ) (20,356 )
NET ASSETS 57,524 60,804
CAPITAL AND RESERVES
Called up share capital 9 10 10
Profit and Loss Account 57,514 60,794
SHAREHOLDERS' FUNDS 57,524 60,804
Page 1
Page 2
For the period ending 30 June 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 his 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 Neil Lowdon
Director
19/09/2025
The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Neil Lowdon Limited is a private company, limited by shares, incorporated in England & Wales, registered number 09489591 . The registered office is Unit 8 Bradley Workshops , Leadgate , Consett , Co Durham , DH8 6HG.
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. Going Concern Disclosure
The director considers it appropriate to prepare the financial statements on the going concern basis.
2.3. 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.
2.4. 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:
Leasehold Straight Line 25%
Plant & Machinery Straight Line 25%
Motor Vehicles Straight Line 25%
Computer Equipment Straight Line 33.33%
2.5. 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.
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2.6. 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.
3. Average Number of Employees
Average number of employees, including directors, during the period was: 5 (2024: 4)
5 4
4. Tangible Assets
Land & Property
Leasehold Plant & Machinery Motor Vehicles Computer Equipment Total
£ £ £ £ £
Cost
As at 1 April 2024 263,899 161,322 44,290 5,187 474,698
Additions - 72,147 68,695 666 141,508
Disposals - (40,000 ) (20,990 ) - (60,990 )
As at 30 June 2025 263,899 193,469 91,995 5,853 555,216
Depreciation
As at 1 April 2024 7,546 86,846 38,009 4,520 136,921
Provided during the period 3,297 41,306 17,934 650 63,187
Disposals - (30,000 ) (20,990 ) - (50,990 )
As at 30 June 2025 10,843 98,152 34,953 5,170 149,118
Net Book Value
As at 30 June 2025 253,056 95,317 57,042 683 406,098
As at 1 April 2024 256,353 74,476 6,281 667 337,777
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5. Debtors
30 June 2025 31 March 2024
£ £
Due within one year
Trade debtors 47,403 75,688
Prepayments and accrued income 7,225 1,753
Other debtors 2,479 5,317
VAT 14,242 -
Director's loan account 16,341 18,793
Amounts owed by associates 23,000 -
110,690 101,551
6. Creditors: Amounts Falling Due Within One Year
30 June 2025 31 March 2024
£ £
Net obligations under finance lease and hire purchase contracts 3,159 -
Trade creditors 154,323 152,869
Bank loans and overdrafts 5,531 5,531
Other loans 21,831 21,831
Corporation tax 17,820 2,225
Other taxes and social security 3,281 3,247
VAT - 10,855
Pensions payable 52 -
Credit Card 73,896 220
Accruals and deferred income 62,035 41,199
341,928 237,977
7. Creditors: Amounts Falling Due After More Than One Year
30 June 2025 31 March 2024
£ £
Net obligations under finance lease and hire purchase contracts 37,607 -
Bank loans 21,985 28,895
Other loans 140,842 169,986
200,434 198,881
8. Obligations Under Finance Leases and Hire Purchase
30 June 2025 31 March 2024
£ £
The future minimum finance lease payments are as follows:
Not later than one year 3,159 -
Later than one year and not later than five years 37,607 -
40,766 -
40,766 -
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9. Share Capital
30 June 2025 31 March 2024
£ £
Allotted, Called up and fully paid 10 10
Page 6