Acorah Software Products - Accounts Production 16.5.460 false true 31 January 2024 1 February 2023 false 1 February 2024 31 January 2025 31 January 2025 03699617 Mr Simon Elliott Mr Alan Slaney Mr Sean Mccluskey iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 03699617 2024-01-31 03699617 2025-01-31 03699617 2024-02-01 2025-01-31 03699617 frs-core:CurrentFinancialInstruments 2025-01-31 03699617 frs-core:Non-currentFinancialInstruments 2025-01-31 03699617 frs-core:BetweenOneFiveYears 2025-01-31 03699617 frs-core:ComputerEquipment 2024-02-01 2025-01-31 03699617 frs-core:FurnitureFittings 2025-01-31 03699617 frs-core:FurnitureFittings 2024-02-01 2025-01-31 03699617 frs-core:FurnitureFittings 2024-01-31 03699617 frs-core:InvestmentPropertyIncludedWithinPPE 2025-01-31 03699617 frs-core:InvestmentPropertyIncludedWithinPPE 2024-02-01 2025-01-31 03699617 frs-core:InvestmentPropertyIncludedWithinPPE 2024-01-31 03699617 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2025-01-31 03699617 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-02-01 2025-01-31 03699617 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-01-31 03699617 frs-core:MotorVehicles 2024-02-01 2025-01-31 03699617 frs-core:WithinOneYear 2025-01-31 03699617 frs-core:CapitalRedemptionReserve 2025-01-31 03699617 frs-core:RevaluationReserve 2024-02-01 2025-01-31 03699617 frs-core:RevaluationReserve 2024-01-31 03699617 frs-core:RevaluationReserve 2025-01-31 03699617 frs-core:ShareCapital 2025-01-31 03699617 frs-core:RetainedEarningsAccumulatedLosses 2025-01-31 03699617 frs-bus:PrivateLimitedCompanyLtd 2024-02-01 2025-01-31 03699617 frs-bus:FilletedAccounts 2024-02-01 2025-01-31 03699617 frs-bus:SmallEntities 2024-02-01 2025-01-31 03699617 frs-bus:AuditExempt-NoAccountantsReport 2024-02-01 2025-01-31 03699617 frs-bus:SmallCompaniesRegimeForAccounts 2024-02-01 2025-01-31 03699617 frs-core:UnlistedNon-exchangeTraded 2025-01-31 03699617 frs-core:UnlistedNon-exchangeTraded 2024-01-31 03699617 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2024-01-31 03699617 frs-core:RevaluationsIncreaseDecreaseInInvestments frs-core:UnlistedNon-exchangeTraded 2025-01-31 03699617 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2025-01-31 03699617 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2024-01-31 03699617 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2025-01-31 03699617 frs-bus:Director1 2024-02-01 2025-01-31 03699617 frs-bus:Director1 2024-01-31 03699617 frs-bus:Director1 2025-01-31 03699617 frs-bus:Director2 2024-02-01 2025-01-31 03699617 frs-bus:CompanySecretary1 2024-02-01 2025-01-31 03699617 frs-countries:EnglandWales 2024-02-01 2025-01-31 03699617 2023-01-31 03699617 2024-01-31 03699617 2023-02-01 2024-01-31 03699617 frs-core:CurrentFinancialInstruments 2024-01-31 03699617 frs-core:Non-currentFinancialInstruments 2024-01-31 03699617 frs-core:BetweenOneFiveYears 2024-01-31 03699617 frs-core:WithinOneYear 2024-01-31 03699617 frs-core:CapitalRedemptionReserve 2024-01-31 03699617 frs-core:RevaluationReserve 2024-01-31 03699617 frs-core:ShareCapital 2024-01-31 03699617 frs-core:RetainedEarningsAccumulatedLosses 2024-01-31
Registered number: 03699617
DiVersity Creative Marketing Solutions Limited
Unaudited Financial Statements
For The Year Ended 31 January 2025
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 03699617
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 329,233 333,634
Investments 5 - 1
329,233 333,635
CURRENT ASSETS
Stocks 6 14,003 2,220
Debtors 7 174,705 181,037
Cash at bank and in hand 277,541 297,262
466,249 480,519
Creditors: Amounts Falling Due Within One Year 8 (281,947 ) (331,181 )
NET CURRENT ASSETS (LIABILITIES) 184,302 149,338
TOTAL ASSETS LESS CURRENT LIABILITIES 513,535 482,973
Creditors: Amounts Falling Due After More Than One Year 9 (237,236 ) (251,873 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (3,805 ) (5,484 )
NET ASSETS 272,494 225,616
CAPITAL AND RESERVES
Called up share capital 10 1,491 1,491
Revaluation reserve 13 2,476 6,226
Capital redemption reserve 3,519 3,519
Profit and Loss Account 265,008 214,380
SHAREHOLDERS' FUNDS 272,494 225,616
Page 1
Page 2
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.
On behalf of the board
Mr Simon Elliott
Director
30th October 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
DiVersity Creative Marketing Solutions Limited is a private company, limited by shares, incorporated in England & Wales, registered number 03699617 . The registered office is Diversity House 72 Nottingham Road, Arnold, Nottingham, NG5 6LF.
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:
Leasehold current valuation
Motor Vehicles Straight line over 4 years
Fixtures & Fittings Straight line over 4 years
Computer Equipment Straight line over 4 years
2.4. Investment Properties
All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.
2.5. 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. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.6. Foreign Currencies
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
2.7. 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: 16 (2024: 17)
16 17
4. Tangible Assets
Land & Property
Leasehold Investment Properties Fixtures & Fittings Total
£ £ £ £
Cost or Valuation
As at 1 February 2024 160,000 160,000 171,669 491,669
Additions 162,313 - 4,467 166,780
Disposals - (160,000 ) - (160,000 )
As at 31 January 2025 322,313 - 176,136 498,449
Depreciation
As at 1 February 2024 - - 158,035 158,035
Provided during the period - - 6,181 6,181
On revaluations 5,000 - - 5,000
As at 31 January 2025 5,000 - 164,216 169,216
Net Book Value
As at 31 January 2025 317,313 - 11,920 329,233
As at 1 February 2024 160,000 160,000 13,634 333,634
Page 4
Page 5
5. Investments
Unlisted
£
Cost
As at 1 February 2024 1
Revaluations (1 )
As at 31 January 2025 -
Provision
As at 1 February 2024 -
As at 31 January 2025 -
Net Book Value
As at 31 January 2025 -
As at 1 February 2024 1
6. Stocks
2025 2024
£ £
Work in progress 14,003 2,220
7. Debtors
2025 2024
£ £
Due within one year
Trade debtors 108,682 124,906
Prepayments and accrued income 22,383 24,305
Other debtors 42,635 28,350
Directors' loan accounts 1,005 1,005
Amounts owed by subsidiaries - 2,471
174,705 181,037
8. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 154,326 187,491
Bank loans and overdrafts 14,832 15,502
Corporation tax 17,619 33,251
Other taxes and social security 15,413 17,268
VAT 48,004 43,166
Other creditors 31,753 34,503
281,947 331,181
9. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Bank loans 237,236 251,873
Page 5
Page 6
10. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 1,491 1,491
11. Other Commitments
The total of future minimum lease payments under non-cancellable operating leases are as following:
2025 2024
£ £
Not later than one year 825 1,280
Later than one year and not later than five years 125 950
950 2,230
12. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 February 2024 Amounts advanced Amounts repaid Amounts written off As at 31 January 2025
£ £ £ £ £
Mr Simon Elliott 1,005 - - - 1,005
The above loan is unsecured, interest free and repayable on demand.
13. Reserves
Revaluation Reserve
£
As at 1 February 2024 6,226
Surplus on revaluation 1,250
Deficit on revaluation (5,000)
As at 31 January 2025 2,476
Page 6