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Registered number: 08332016
Energized Customs Limited
Unaudited Financial Statements
For The Year Ended 31 March 2025
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 08332016
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 5 44,950 11,384
44,950 11,384
CURRENT ASSETS
Stocks 6 787,299 695,050
Debtors 7 204,393 186,794
Cash at bank and in hand 484,088 619,811
1,475,780 1,501,655
Creditors: Amounts Falling Due Within One Year 8 (654,817 ) (687,979 )
NET CURRENT ASSETS (LIABILITIES) 820,963 813,676
TOTAL ASSETS LESS CURRENT LIABILITIES 865,913 825,060
Creditors: Amounts Falling Due After More Than One Year 9 (30,833 ) (100,833 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (3,246 ) (2,599 )
NET ASSETS 831,834 721,628
CAPITAL AND RESERVES
Called up share capital 10 2 2
Profit and Loss Account 831,832 721,626
SHAREHOLDERS' FUNDS 831,834 721,628
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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 Graham Lisle
Director
23 October 2025
The notes on pages 3 to 6 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Energized Customs Limited is a private company, limited by shares, incorporated in England & Wales, registered number 08332016 . The registered office is Avf, Hortonwood 30, Telford, TF1 7YE.
The financial statements are presented in pound sterling (£) and rounded to the nearest whole £.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the FRS 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. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
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.
2.3. 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 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:
Plant & Machinery 25% reducing balance
Motor Vehicles 25% reducing balance
Fixtures & Fittings 25% reducing balance
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. Financial Instruments
Derivative financial instruments are recognised at fair value using a valuation technique with any gains or losses being reported in the profit and loss account. Outstanding derivatives at the reporting date are included under the appropriate format heading depending on the nature of the derivative.
The company does not currently apply hedge accounting for foreign exchange derivatives.
2.7. 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.
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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 year 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 asset reflects 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 or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also 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. Government Grant
Government grants are recognised in the profit and loss account in an appropriate manner that matches them with the expenditure towards which they are intended to contribute.
Grants for immediate financial support or to cover costs already incurred are recognised immediately in the profit and loss account. Grants towards general activities of the entity over a specific period are recognised in the profit and loss account over that period.
Grants towards fixed assets are recognised over the expected useful lives of the related assets and are treated as deferred income and released to the profit and loss account over the useful life of the asset concerned.
All grants in the profit and loss account are recognised when all conditions for receipt have been complied with.
2.11. Employee benefits
The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.
The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.
Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 15 (2024: 14)
15 14
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4. Intangible Assets
Goodwill
£
Cost
As at 1 April 2024 121,192
As at 31 March 2025 121,192
Amortisation
As at 1 April 2024 121,192
As at 31 March 2025 121,192
Net Book Value
As at 31 March 2025 -
As at 1 April 2024 -
5. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Total
£ £ £ £
Cost
As at 1 April 2024 6,873 - 53,395 60,268
Additions - 37,995 - 37,995
As at 31 March 2025 6,873 37,995 53,395 98,263
Depreciation
As at 1 April 2024 5,005 - 43,879 48,884
Provided during the period 467 1,583 2,379 4,429
As at 31 March 2025 5,472 1,583 46,258 53,313
Net Book Value
As at 31 March 2025 1,401 36,412 7,137 44,950
As at 1 April 2024 1,868 - 9,516 11,384
6. Stocks
2025 2024
£ £
Stock 787,299 695,050
7. Debtors
2025 2024
£ £
Due within one year
Trade debtors 52,620 102,915
Prepayments and accrued income 42,661 31,828
Other debtors 39,714 52,051
Other financial assets 67,198 -
Directors' loan accounts 2,200 -
204,393 186,794
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8. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 232,794 253,942
Bank loans and overdrafts 70,000 70,000
Other creditors 135,456 96,048
Taxation and social security 216,567 267,989
654,817 687,979
9. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Bank loans 30,833 100,833
10. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 2 2
11. Foreign Currency Risk
All financial assets and liabilities are measured at amortised cost.
The company is exposed to currency exchange rate risk due to part of its operating income and expenditure being denominated in foreign currencies. The exposure is monitored and managed by the use of forward foreign exchange contracts.
The company had open forward foreign exchange contracts at the reporting date of the current period. The fair value of the derivatives is recognised within debtors as 'other financial assets'.
12. Pension Commitments
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. Included within Other Creditors at the balance sheet date are unpaid contributions of £1,076 (2024: £1,082) due to the fund.
13. 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 Nathan Houghton - 2,200 - - 2,200
No interest has been charged on the above loan.
14. Related Party Transactions
Included within other debtors is a balance of £19,119 (2024: £25,121) owed by a company under common control. No interest has been charged on the outstanding balance and there were no conditions attached.
15. Ultimate Controlling Party
Throughout the prior period the company was under the control of active directors Mr G Lisle and Mr R Lisle by virtue of their equal interest in the issued share capital of the company.  On 26th January 2025 Mr R Lisle passed away resulting in his shares passing to The Estate of Mr R Lisle who continue to retain an equal interest alongside Mr G Lisle as at the reporting date.
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