Acorah Software Products - Accounts Production 16.5.460 false true true 31 March 2024 1 April 2023 false 1 April 2024 31 March 2025 31 March 2025 05709346 Mr Christopher Cartwright Mrs Paula Cartwright Mrs Paula Cartwright iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 05709346 2024-03-31 05709346 2025-03-31 05709346 2024-04-01 2025-03-31 05709346 frs-core:CurrentFinancialInstruments 2025-03-31 05709346 frs-core:Non-currentFinancialInstruments 2025-03-31 05709346 frs-core:BetweenOneFiveYears 2025-03-31 05709346 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2025-03-31 05709346 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2024-03-31 05709346 frs-core:FurnitureFittings 2025-03-31 05709346 frs-core:FurnitureFittings 2024-04-01 2025-03-31 05709346 frs-core:FurnitureFittings 2024-03-31 05709346 frs-core:NetGoodwill 2025-03-31 05709346 frs-core:NetGoodwill 2024-04-01 2025-03-31 05709346 frs-core:NetGoodwill 2024-03-31 05709346 frs-core:MotorVehicles 2025-03-31 05709346 frs-core:MotorVehicles 2024-04-01 2025-03-31 05709346 frs-core:MotorVehicles 2024-03-31 05709346 frs-core:PlantMachinery 2025-03-31 05709346 frs-core:PlantMachinery 2024-04-01 2025-03-31 05709346 frs-core:PlantMachinery 2024-03-31 05709346 frs-core:WithinOneYear 2025-03-31 05709346 frs-core:ShareCapital 2025-03-31 05709346 frs-core:RetainedEarningsAccumulatedLosses 2025-03-31 05709346 frs-bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 05709346 frs-bus:FilletedAccounts 2024-04-01 2025-03-31 05709346 frs-bus:SmallEntities 2024-04-01 2025-03-31 05709346 frs-bus:AuditExempt-NoAccountantsReport 2024-04-01 2025-03-31 05709346 frs-bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 05709346 frs-bus:Director1 2024-04-01 2025-03-31 05709346 frs-bus:Director1 2024-03-31 05709346 frs-bus:Director1 2025-03-31 05709346 frs-bus:Director2 2024-04-01 2025-03-31 05709346 frs-bus:CompanySecretary1 2024-04-01 2025-03-31 05709346 frs-countries:EnglandWales 2024-04-01 2025-03-31 05709346 2023-03-31 05709346 2024-03-31 05709346 2023-04-01 2024-03-31 05709346 frs-core:CurrentFinancialInstruments 2024-03-31 05709346 frs-core:Non-currentFinancialInstruments 2024-03-31 05709346 frs-core:BetweenOneFiveYears 2024-03-31 05709346 frs-core:WithinOneYear 2024-03-31 05709346 frs-core:ShareCapital 2024-03-31 05709346 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31
Registered number: 05709346
Ace of Diamonds Limited
Unaudited Financial Statements
For The Year Ended 31 March 2025
Ace of Diamonds Limited
Contents
Contents

| Page
--- | ---
Balance Sheet | 1—2
Notes to the Financial Statements | 3—6

Page 1
Ace of Diamonds Limited
Balance Sheet
As At 31 March 2025
Balance Sheet
Registered number: 05709346

| 2025 | 2024
--- | --- | ---
| Notes | £ | £ | £ | £
FIXED ASSETS
Tangible Assets | 5 |  | 86,601 |  | 103,805
|  |  | 86,601 |  | 103,805
CURRENT ASSETS
Stocks | 6 | 13,870 |  | 13,384 |
Debtors | 7 | 181,521 |  | 213,463 |
Cash at bank and in hand |  | 73,858 |  | 76,648 |
|  | 269,249 |  | 303,495 |
Creditors: Amounts Falling Due Within One Year | 8 | (65,211 ) |  | (83,517 ) |
NET CURRENT ASSETS (LIABILITIES) |  |  | 204,038 |  | 219,978
TOTAL ASSETS LESS CURRENT LIABILITIES |  |  | 290,639 |  | 323,783
Creditors: Amounts Falling Due After More Than One Year | 9 |  | (29,933 ) |  | (45,003 )
PROVISIONS FOR LIABILITIES
Deferred Taxation |  |  | (15,797 ) |  | (19,640 )
NET ASSETS |  |  | 244,909 |  | 259,140
CAPITAL AND RESERVES
Called up share capital | 11 |  | 105 |  | 105
Profit and Loss Account |  |  | 244,804 |  | 259,035
SHAREHOLDERS' FUNDS |  |  | 244,909 |  | 259,140

Page 1
Page 2
Ace of Diamonds Limited
Balance Sheet (continued)
As At 31 March 2025
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 Christopher Cartwright Director
11 August 2025

The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
Ace of Diamonds Limited
Notes to the Financial Statements
For The Year Ended 31 March 2025
Notes to the Financial Statements
1. General Information
Ace of Diamonds Limited is a private company, limited by shares, incorporated in England & Wales, registered number 05709346 . The registered office is 6 Houndiscombe Road, Plymouth, Devon, PL4 6HH.
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. 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. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of 10 years.
2.5. Research and Development
In the research phase of an internal project it is not possible to demonstrate that the project will generate future economic benefits and hence all expenditure on research is recognised as an expense when it is incurred. Intangible assets are recognised from the development phase of a project if and only if certain specific criteria are met in order to demonstrate the asset will generate probable future economic benefits and that its cost can be reliably measured. The capitalised development costs are subsequently amortised to 3 years on a straight line basis over their expected useful economic lives.
If it is not possible to distinguish between the research phase and the development phase of an internal project the expenditure is treated as if it were all incurred in the research phase only.
2.6. 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 | 10% Straight line
Motor Vehicles | 25% Straight line
Fixtures & Fittings | 20% Reducing balance

2.7. 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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Page 4
Ace of Diamonds Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 March 2025
2.8. Stocks and Work in Progress
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.
The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.
2.9. 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: 9 (2024: 11)
9 11
4. Intangible Assets

| Goodwill | Development Costs | Total
--- | --- | --- | ---
| £ | £ | £
Cost
As at 1 April 2024 | 30,000 | 2,054 | 32,054
As at 31 March 2025 | 30,000 | 2,054 | 32,054
Amortisation
As at 1 April 2024 | 30,000 | 2,054 | 32,054
As at 31 March 2025 | 30,000 | 2,054 | 32,054
Net Book Value
As at 31 March 2025 | - | - | -
As at 1 April 2024 | - | - | -

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Ace of Diamonds Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 March 2025
5. Tangible Assets

| Plant & Machinery | Motor Vehicles | Fixtures & Fittings | Total
--- | --- | --- | --- | ---
| £ | £ | £ | £
Cost
As at 1 April 2024 | 261,316 | 228,223 | 8,789 | 498,328
Additions | - | 16,500 | 183 | 16,683
Disposals | (28,956 ) | (77,451 ) | (4,219 ) | (110,626 )
As at 31 March 2025 | 232,360 | 167,272 | 4,753 | 404,385
Depreciation
As at 1 April 2024 | 212,750 | 173,434 | 8,339 | 394,523
Provided during the period | 9,585 | 23,186 | 289 | 33,060
Disposals | (28,129 ) | (77,451 ) | (4,219 ) | (109,799 )
As at 31 March 2025 | 194,206 | 119,169 | 4,409 | 317,784
Net Book Value
As at 31 March 2025 | 38,154 | 48,103 | 344 | 86,601
As at 1 April 2024 | 48,566 | 54,789 | 450 | 103,805

6. Stocks

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Stock | 13,870 |  | 13,384

7. Debtors

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Due within one year
Trade debtors | 62,320 |  | 109,020
Other debtors | 119,201 |  | 104,443
| 181,521 |  | 213,463

8. Creditors: Amounts Falling Due Within One Year

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Net obligations under finance lease and hire purchase contracts | 18,952 |  | 14,742
Trade creditors | 4,152 |  | 7,701
Bank loans and overdrafts | 10,348 |  | 33,425
Other creditors | 7,176 |  | 7,905
Taxation and social security | 24,583 |  | 19,744
| 65,211 |  | 83,517

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Ace of Diamonds Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 March 2025
9. Creditors: Amounts Falling Due After More Than One Year

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Net obligations under finance lease and hire purchase contracts | 28,044 |  | 32,758
Bank loans | 1,889 |  | 12,245
| 29,933 |  | 45,003

10. Obligations Under Finance Leases and Hire Purchase

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
The future minimum finance lease payments are as follows:
Not later than one year | 18,952 |  | 14,742
Later than one year and not later than five years | 28,044 |  | 32,758
| 46,996 |  | 47,500
| 46,996 |  | 47,500

11. Share Capital

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Allotted, Called up and fully paid | 105 |  | 105

12. 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 Christopher Cartwright | 66,303 | 87,839 | (1,200 ) | 152,942 | -

The above loan is unsecured and repayable on demand. Interest is charged at the standard HMRC rate on the outstanding balance on a monthly basis.
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