Acorah Software Products - Accounts Production 16.5.460 false true 31 March 2024 1 April 2023 false 1 April 2024 31 March 2025 31 March 2025 05813915 Bridget Faulder Rachel Skill iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 05813915 2024-03-31 05813915 2025-03-31 05813915 2024-04-01 2025-03-31 05813915 frs-core:CurrentFinancialInstruments 2025-03-31 05813915 frs-core:Non-currentFinancialInstruments 2025-03-31 05813915 frs-core:ComputerEquipment 2025-03-31 05813915 frs-core:ComputerEquipment 2024-04-01 2025-03-31 05813915 frs-core:ComputerEquipment 2024-03-31 05813915 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2024-04-01 2025-03-31 05813915 frs-core:MotorVehicles 2024-04-01 2025-03-31 05813915 frs-core:OtherResidualIntangibleAssets 2025-03-31 05813915 frs-core:OtherResidualIntangibleAssets 2024-04-01 2025-03-31 05813915 frs-core:OtherResidualIntangibleAssets 2024-03-31 05813915 frs-core:ShareCapital 2025-03-31 05813915 frs-core:RetainedEarningsAccumulatedLosses 2025-03-31 05813915 frs-bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 05813915 frs-bus:FilletedAccounts 2024-04-01 2025-03-31 05813915 frs-bus:SmallEntities 2024-04-01 2025-03-31 05813915 frs-bus:AuditExempt-NoAccountantsReport 2024-04-01 2025-03-31 05813915 frs-bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 05813915 frs-bus:Director1 2024-04-01 2025-03-31 05813915 frs-bus:Director2 2024-04-01 2025-03-31 05813915 frs-countries:EnglandWales 2024-04-01 2025-03-31 05813915 2023-03-31 05813915 2024-03-31 05813915 2023-04-01 2024-03-31 05813915 frs-core:CurrentFinancialInstruments 2024-03-31 05813915 frs-core:Non-currentFinancialInstruments 2024-03-31 05813915 frs-core:ShareCapital 2024-03-31 05813915 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31
Registered number: 05813915
Service Contracts Ltd
Unaudited Financial Statements
For The Year Ended 31 March 2025
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 05813915
2025 2024
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 18,096 15,549
18,096 15,549
CURRENT ASSETS
Debtors 6 374,467 313,009
Cash at bank and in hand 90,931 221,872
465,398 534,881
Creditors: Amounts Falling Due Within One Year 7 (67,704 ) (148,113 )
NET CURRENT ASSETS (LIABILITIES) 397,694 386,768
TOTAL ASSETS LESS CURRENT LIABILITIES 415,790 402,317
Creditors: Amounts Falling Due After More Than One Year 8 (2,237 ) (12,439 )
NET ASSETS 413,553 389,878
CAPITAL AND RESERVES
Called up share capital 9 100 100
Profit and Loss Account 413,453 389,778
SHAREHOLDERS' FUNDS 413,553 389,878
Page 1
Page 2
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
Bridget Faulder
Director
04/11/2025
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Service Contracts Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 05813915 . The registered office is 2 Wilford Business Park, Ruddington Lane, Nottingham, NG11 7EP.
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. Intangible Fixed Assets and Amortisation - Other Intangible
Other intangible assets are amortised to the profit and loss statement on a straight line basis over 5 years.
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:
Motor Vehicles 50% straight line
Computer Equipment Straight line basis over 12 months
3. Average Number of Employees
Average number of employees, including directors, during the year was: 4 (2024: 4)
4 4
4. Intangible Assets
Other
£
Cost
As at 1 April 2024 17,295
Additions 6,108
As at 31 March 2025 23,403
Amortisation
As at 1 April 2024 1,746
Provided during the period 3,561
As at 31 March 2025 5,307
Net Book Value
As at 31 March 2025 18,096
As at 1 April 2024 15,549
Page 3
Page 4
5. Tangible Assets
Computer Equipment
£
Cost
As at 1 April 2024 16,952
As at 31 March 2025 16,952
Depreciation
As at 1 April 2024 16,952
As at 31 March 2025 16,952
Net Book Value
As at 31 March 2025 -
As at 1 April 2024 -
6. Debtors
2025 2024
£ £
Due within one year
Trade debtors 211,609 248,367
Other debtors 162,858 64,642
374,467 313,009
7. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 20,947 21,094
Bank loans and overdrafts 10,000 10,000
Other creditors 17,412 57,456
Taxation and social security 19,345 59,563
67,704 148,113
8. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Bank loans 2,237 12,439
9. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 100 100
Page 4