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Registered number: 04349502
Melford Resolution Limited
Unaudited Financial Statements
For The Year Ended 31 March 2025
Mutu Accountancy
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 04349502
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 117,340 97,907
117,340 97,907
CURRENT ASSETS
Stocks 5 1,800 -
Debtors 6 2,088,220 1,651,524
Cash at bank and in hand 369,046 592,642
2,459,066 2,244,166
Creditors: Amounts Falling Due Within One Year 7 (324,676 ) (374,475 )
NET CURRENT ASSETS (LIABILITIES) 2,134,390 1,869,691
TOTAL ASSETS LESS CURRENT LIABILITIES 2,251,730 1,967,598
Creditors: Amounts Falling Due After More Than One Year 8 (34,537 ) (21,667 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (29,335 ) (25,378 )
NET ASSETS 2,187,858 1,920,553
CAPITAL AND RESERVES
Called up share capital 10 2 2
Capital redemption reserve 8 8
Profit and Loss Account 2,187,848 1,920,543
SHAREHOLDERS' FUNDS 2,187,858 1,920,553
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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 C M Cochrane
Director
04/11/2025
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
Melford Resolution Limited is a private company, limited by shares, incorporated in England & Wales, registered number 04349502 . The registered office is 5a Bartlett Street, Bath, BA1 2QZ.
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 company's ability to continue as a going concern in preparing these financial statements. This assessment has been made considering the company's current financial position and forecasts, alongside potential impacts from market conditions and other relevant factors. 
Based on this assessment, the directors have a reasonable expectation that the company has adequate resources to continue its operational existence for the foreseeable future, which is considered to be at least 12 months from the date of approving these financial statements. Therefore, they continue to adopt the going concern basis of accounting in preparing the annual financial statements.
The financial statements do not include any adjustments that would result if the company were unable 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. 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 25% Straight Line
Motor Vehicles 20% Reducing Balance
Fixtures & Fittings 25% Straight Line
Computer Equipment 25% Straight Line
2.5. 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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2.6. 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.
2.7. Financial Instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and nonputtable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
2.8. 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.
2.9. 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.
2.10. Research and development
Expenditure on research and development is written off in the year in which it is incurred.
2.11. Leased assets
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term. 
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2024: 2)
2 2
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4. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 April 2024 310 112,280 20,121 19,362 152,073
Additions - 71,509 1,362 1,849 74,720
Disposals - (56,090 ) - - (56,090 )
As at 31 March 2025 310 127,699 21,483 21,211 170,703
Depreciation
As at 1 April 2024 242 21,129 19,222 13,573 54,166
Provided during the period 68 14,302 617 5,339 20,326
Disposals - (21,129 ) - - (21,129 )
As at 31 March 2025 310 14,302 19,839 18,912 53,363
Net Book Value
As at 31 March 2025 - 113,397 1,644 2,299 117,340
As at 1 April 2024 68 91,151 899 5,789 97,907
5. Stocks
2025 2024
£ £
Stock 1,800 -
6. Debtors
2025 2024
£ £
Due within one year
Trade debtors 226,686 100,912
Other debtors 1,861,534 1,550,612
2,088,220 1,651,524
7. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Net obligations under finance lease and hire purchase contracts 10,260 14,389
Trade creditors 29,550 -
Other creditors 132,182 -
Taxation and social security 152,684 360,086
324,676 374,475
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8. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Net obligations under finance lease and hire purchase contracts 22,870 -
Bank loans 11,667 21,667
34,537 21,667
9. Obligations Under Finance Leases and Hire Purchase
2025 2024
£ £
The future minimum finance lease payments are as follows:
Not later than one year 10,260 14,389
Later than one year and not later than five years 22,870 -
33,130 14,389
33,130 14,389
10. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 2 2
11. 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 Cochrane - 764,000 27,841 - 736,159
The above loan is unsecured and repayable on demand. An interest charge of 4.25% per annum was charged. The loan was fully repaid with in 9 months of the company year end. 
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