Acorah Software Products - Accounts Production 16.4.675 false true true 31 January 2024 1 February 2023 false 1 February 2024 31 January 2025 31 January 2025 04142190 Mr Timothy Hale Mr Daniel Tutchings Mr Benjamin Edwards Mr James Baker iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 04142190 2024-01-31 04142190 2025-01-31 04142190 2024-02-01 2025-01-31 04142190 frs-core:CurrentFinancialInstruments 2025-01-31 04142190 frs-core:Non-currentFinancialInstruments 2025-01-31 04142190 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2025-01-31 04142190 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-02-01 2025-01-31 04142190 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-01-31 04142190 frs-core:PlantMachinery 2025-01-31 04142190 frs-core:PlantMachinery 2024-02-01 2025-01-31 04142190 frs-core:PlantMachinery 2024-01-31 04142190 frs-core:ShareCapital 2025-01-31 04142190 frs-core:RetainedEarningsAccumulatedLosses 2025-01-31 04142190 frs-bus:PrivateLimitedCompanyLtd 2024-02-01 2025-01-31 04142190 frs-bus:FilletedAccounts 2024-02-01 2025-01-31 04142190 frs-bus:SmallEntities 2024-02-01 2025-01-31 04142190 frs-bus:AuditExempt-NoAccountantsReport 2024-02-01 2025-01-31 04142190 frs-bus:SmallCompaniesRegimeForAccounts 2024-02-01 2025-01-31 04142190 frs-bus:Director1 2024-02-01 2025-01-31 04142190 frs-bus:Director2 2024-02-01 2025-01-31 04142190 frs-bus:Director2 2024-01-31 04142190 frs-bus:Director2 2025-01-31 04142190 frs-bus:Director3 2024-02-01 2025-01-31 04142190 frs-bus:Director4 2024-02-01 2025-01-31 04142190 frs-countries:EnglandWales 2024-02-01 2025-01-31 04142190 2023-01-31 04142190 2024-01-31 04142190 2023-02-01 2024-01-31 04142190 frs-core:CurrentFinancialInstruments 2024-01-31 04142190 frs-core:Non-currentFinancialInstruments 2024-01-31 04142190 frs-core:ShareCapital 2024-01-31 04142190 frs-core:RetainedEarningsAccumulatedLosses 2024-01-31
Registered number: 04142190
Moneytest Ltd
Unaudited Financial Statements
For The Year Ended 31 January 2025
Moneytest Ltd
Contents
Contents

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

Page 1
Moneytest Ltd
Balance Sheet
As At 31 January 2025
Balance Sheet
Registered number: 04142190

| 2025 | 2024
--- | --- | ---
| Notes | £ | £ | £ | £
FIXED ASSETS
Tangible Assets | 4 |  | 37,978 |  | 41,417
|  |  | 37,978 |  | 41,417
CURRENT ASSETS
Debtors | 5 | 113,005 |  | 124,802 |
Investments | 6 | 154,833 |  | 931,069 |
Cash at bank and in hand |  | 61,658 |  | 479,217 |
|  | 329,496 |  | 1,535,088 |
Creditors: Amounts Falling Due Within One Year | 7 | (150,572 ) |  | (227,159 ) |
NET CURRENT ASSETS (LIABILITIES) |  |  | 178,924 |  | 1,307,929
TOTAL ASSETS LESS CURRENT LIABILITIES |  |  | 216,902 |  | 1,349,346
PROVISIONS FOR LIABILITIES
Deferred Taxation |  |  | (10,430 ) |  | (10,354 )
NET ASSETS |  |  | 206,472 |  | 1,338,992
CAPITAL AND RESERVES
Called up share capital | 8 |  | 1 |  | 1
Profit and Loss Account |  |  | 206,471 |  | 1,338,991
SHAREHOLDERS' FUNDS |  |  | 206,472 |  | 1,338,992

Page 1
Page 2
Moneytest Ltd
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 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.
Signed and approved for issue on behalf of the board by :

Mr Benjamin Edwards Director
23/10/2025

The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
Moneytest Ltd
Notes to the Financial Statements
For The Year Ended 31 January 2025
Notes to the Financial Statements
1. General Information
Moneytest Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 04142190 . The registered office is Office F1 Berkeley House, Dix's Field, Exeter, Devon, EX1 1PZ.
Ms Sian Lamb resigned as Company Secretary on 16th March 2024.
Mr James Baker, Mr Benjamin Edwards & Mr Daniel Tutchings were appointed as directors on 28th June 2024.
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 assessed the Statement of Financial Position and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these Financial Statements. Accordingly, the going concern basis has been adopted in preparing these Financial Statements.
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 Improvements | 15 Years
Plant & Machinery | 25% Reducing Balance

2.5. Foreign Currencies
The Functional currency is considered to be pounds sterling. Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
Page 3
Page 4
Moneytest Ltd
Notes to the Financial Statements (continued)
For The Year Ended 31 January 2025
2.6. Taxation
Tax is recognised in the profit and loss account, except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity, is also recognised in other comprehensive income or directly in equity respectively.
Current tax is the amount of income tax payable in respect of taxable profits for the year or prior years and is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates income.
A deferred tax asset or liability is recognised for tax recoverable or payable in future periods in respect of transactions and events recognised in the financial statements of current or prior periods.
Deferred tax arises from timing differences between taxable profits for the period and those shown in the financial statements. Deferred tax is recognised on all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are only recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing differences.
2.7. Pensions
The Company operates a defined contribution pension scheme for its employees. The assets of the scheme are held separately from those of the Company in an independently administered fund. The Company contributes to a Directors defined contribution pension scheme. The contributions are recognised as an expense in the profit or loss when they fall due. Amounts not paid at the Balance Sheet date are included within other creditors.
2.8. Debtors
Debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.
2.9. Cash and cash equivalents
Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours.
2.10. Creditors
Creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 6 (2024: 6)
6 6
4. Tangible Assets

| Land & Property
--- | ---
| Leasehold Improvements | Plant & Machinery | Total
| £ | £ | £
Cost
As at 1 February 2024 | 16,255 | 97,899 | 114,154
Additions | - | 4,689 | 4,689
As at 31 January 2025 | 16,255 | 102,588 | 118,843
Depreciation
As at 1 February 2024 | 1,926 | 70,811 | 72,737
Provided during the period | 1,083 | 7,045 | 8,128
As at 31 January 2025 | 3,009 | 77,856 | 80,865

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

Net Book Value
As at 31 January 2025 | 13,246 | 24,732 | 37,978
As at 1 February 2024 | 14,329 | 27,088 | 41,417

5. Debtors

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Due within one year
Trade debtors | 98,761 |  | 110,115
Prepayments and accrued income | 5,819 |  | 5,877
Other debtors | 3,425 |  | 3,810
| 108,005 |  | 119,802
Due after more than one year
Other debtors | 5,000 |  | 5,000
| 113,005 |  | 124,802

Included within debtors due after more than one year is a debenture of £5,000. This is repayable in 2031 with 0% interest.
6. Current Asset Investments

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Listed investments | 154,833 |  | 931,069

All current Investments are held within a portfolio managed through ‘Interactive Investor’. These only comprise of ‘Exchange Traded Funds’ of short-dated bonds, cash, and/or ‘Money Market Funds’ which are convertible to cash within 4 working days.
Investments are shown at current valuation with gains and losses taken through the Profit and Loss Account.
7. Creditors: Amounts Falling Due Within One Year

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Trade creditors | 1,802 |  | 9,759
Corporation tax | 84,821 |  | 140,846
Other taxes and social security | 10,098 |  | 8,943
VAT | 42,510 |  | 45,418
Other creditors | 10,087 |  | 10,290
Accruals and deferred income | 1,254 |  | 1,100
Directors' loan accounts | - |  | 10,803
| 150,572 |  | 227,159

8. Share Capital

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

Page 5
Page 6
Moneytest Ltd
Notes to the Financial Statements (continued)
For The Year Ended 31 January 2025
9. Financial Instruments
Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument. Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities. Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.
10. Pension Commitments
The Company pays contributions into a defined contribution pension scheme for its employees and into a defined contribution pension scheme for a Director. The pension cost charge represents contributions payable by the Company into these schemes and amounted to £78,772 (2024: £73,900). Contributions of £3,500 (2024: £3,012) were payable at the reporting date.
11. Directors Advances, Credits and Guarantees
Included within Creditors due within 1 year are the following loans from directors:

| As at 1 February 2024 | Amounts advanced | Amounts repaid | Amounts written off | As at 31 January 2025
--- | --- | --- | --- | --- | ---
| £ | £ | £ | £ | £
Mr Timothy Hale | (10,803 ) | (35,960 ) | 46,763 | - | -

12. Dividends

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
On equity shares:
Final dividend paid | 1,403,407 |  | 88,000

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