Acorah Software Products - Accounts Production 16.5.460 false true true 30 April 2024 1 May 2023 false 1 May 2024 30 April 2025 30 April 2025 01207497 Mr P Fullick Mrs B Parkinson iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 01207497 2024-04-30 01207497 2025-04-30 01207497 2024-05-01 2025-04-30 01207497 frs-core:CurrentFinancialInstruments 2025-04-30 01207497 frs-core:Non-currentFinancialInstruments 2025-04-30 01207497 frs-core:BetweenOneFiveYears 2025-04-30 01207497 frs-core:ComputerEquipment 2025-04-30 01207497 frs-core:ComputerEquipment 2024-05-01 2025-04-30 01207497 frs-core:ComputerEquipment 2024-04-30 01207497 frs-core:FurnitureFittings 2025-04-30 01207497 frs-core:FurnitureFittings 2024-05-01 2025-04-30 01207497 frs-core:FurnitureFittings 2024-04-30 01207497 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2025-04-30 01207497 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-05-01 2025-04-30 01207497 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-04-30 01207497 frs-core:MotorVehicles 2025-04-30 01207497 frs-core:MotorVehicles 2024-05-01 2025-04-30 01207497 frs-core:MotorVehicles 2024-04-30 01207497 frs-core:WithinOneYear 2025-04-30 01207497 frs-core:ShareCapital 2025-04-30 01207497 frs-core:RetainedEarningsAccumulatedLosses 2025-04-30 01207497 frs-bus:PrivateLimitedCompanyLtd 2024-05-01 2025-04-30 01207497 frs-bus:FilletedAccounts 2024-05-01 2025-04-30 01207497 frs-bus:SmallEntities 2024-05-01 2025-04-30 01207497 frs-bus:AuditExempt-NoAccountantsReport 2024-05-01 2025-04-30 01207497 frs-bus:SmallCompaniesRegimeForAccounts 2024-05-01 2025-04-30 01207497 frs-bus:Director1 2024-05-01 2025-04-30 01207497 frs-bus:Director1 2024-04-30 01207497 frs-bus:Director1 2025-04-30 01207497 frs-bus:CompanySecretary1 2024-05-01 2025-04-30 01207497 frs-countries:EnglandWales 2024-05-01 2025-04-30 01207497 2023-04-30 01207497 2024-04-30 01207497 2023-05-01 2024-04-30 01207497 frs-core:CurrentFinancialInstruments 2024-04-30 01207497 frs-core:Non-currentFinancialInstruments 2024-04-30 01207497 frs-core:BetweenOneFiveYears 2024-04-30 01207497 frs-core:WithinOneYear 2024-04-30 01207497 frs-core:ShareCapital 2024-04-30 01207497 frs-core:RetainedEarningsAccumulatedLosses 2024-04-30
Registered number: 01207497
F.J. Fullick Limited
Unaudited Financial Statements
For The Year Ended 30 April 2025
Beresfords
Chartered Certified Accountants
1-2 Rhodium Point
Spindle Close
Hawkinge, Folkestone
Kent
CT18 7TQ
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 01207497
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 161,258 171,130
161,258 171,130
CURRENT ASSETS
Stocks 5 55,299 59,404
Debtors 6 92,824 85,691
Cash at bank and in hand 75,667 92,651
223,790 237,746
Creditors: Amounts Falling Due Within One Year 7 (58,447 ) (63,734 )
NET CURRENT ASSETS (LIABILITIES) 165,343 174,012
TOTAL ASSETS LESS CURRENT LIABILITIES 326,601 345,142
Creditors: Amounts Falling Due After More Than One Year 8 (18,097 ) (21,650 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (8,134 ) (9,946 )
NET ASSETS 300,370 313,546
CAPITAL AND RESERVES
Called up share capital 11 1,520 1,520
Profit and Loss Account 298,850 312,026
SHAREHOLDERS' FUNDS 300,370 313,546
Page 1
Page 2
For the year ending 30 April 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 P Fullick
Director
07/10/2025
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
F.J. Fullick Limited is a private company, limited by shares, incorporated in England & Wales, registered number 01207497 . The registered office is 319 Cheriton Rd, Folkestone, Kent, CT19 4BQ.
The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £.
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 directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.
2.3. Significant judgements and estimations
No judgements have been made in the process of applying the accounting policies that have had a significant effect on the amounts recognised in the financial statements. 
No key assumptions concerning the future and other key sources of estimation uncertainty at the reporting date which have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year have been made. 
2.4. 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.
2.5. 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:
Freehold 2% reducing balance
Motor Vehicles 20% reducing balance
Fixtures & Fittings 10% reducing balance
Computer Equipment 20% reducing balance
2.6. 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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2.7. 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. 
2.8. Cash and Cash Equivalents
Cash and cash equivalents are basic financial assets and include cash in hand and deposits held at call with banks, other short-term highly liquid investments that mature in no more than three months from the date of acquisition and are readily convertible to a known amount of cash with insignificant risk of change in value, and bank overdrafts.
2.9. Interest Receivable
Interest income is recognised in the profit and loss account using the effective interest method.
2.10. Interest Payable
Finance costs are charged to the profit and loss account over the term of the debt using the effective interest methid so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.
2.11. 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.
2.12. 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.
2.13. Debtors and creditors receivable / payable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in administrative expenses.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 9 (2024: 10)
9 10
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4. Tangible Assets
Land & Property
Freehold Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 May 2024 194,412 82,428 30,643 919 308,402
As at 30 April 2025 194,412 82,428 30,643 919 308,402
Depreciation
As at 1 May 2024 63,063 50,321 23,539 349 137,272
Provided during the period 2,627 6,421 710 114 9,872
As at 30 April 2025 65,690 56,742 24,249 463 147,144
Net Book Value
As at 30 April 2025 128,722 25,686 6,394 456 161,258
As at 1 May 2024 131,349 32,107 7,104 570 171,130
Included within the net book value of land and buildings above is £128,722 (2024 - £131,349) in respect of freehold land and buildings.
The net book value of assets held under finance leases or hire purchase agreements is £20,277 (2024: £25,346).
5. Stocks
2025 2024
£ £
Goods for resale 55,299 59,404
6. Debtors
2025 2024
£ £
Due within one year
Trade debtors 1,114 1,420
Prepayments and accrued income 5,338 5,492
Other debtors 19,977 18,061
Director's loan account 66,395 60,718
92,824 85,691
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7. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Net obligations under finance lease and hire purchase contracts 3,553 3,389
Trade creditors 40,088 46,222
Corporation tax 1,916 -
Other taxes and social security 3,180 2,944
VAT 5,637 7,050
Net wages 72 -
Other creditors 574 787
Accruals and deferred income 3,427 3,342
58,447 63,734
8. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Net obligations under finance lease and hire purchase contracts 18,097 21,650
10. Obligations Under Finance Leases and Hire Purchase
2025 2024
£ £
The future minimum finance lease payments are as follows:
Not later than one year 3,553 3,389
Later than one year and not later than five years 18,097 21,650
21,650 25,039
21,650 25,039
11. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 1,520 1,520
12. Pension Commitments
At the balance sheet date contributions of £574 (2024: £787) were due to the fund and are included in creditors.
13. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 May 2024 Amounts advanced Amounts repaid Amounts written off As at 30 April 2025
£ £ £ £ £
Mr Paul Fullick 60,718 5,878 202 - 66,395
The above loan is unsecured, interest free and repayable on demand.
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