Acorah Software Products - Accounts Production 16.6.920 false true true 31 March 2024 1 April 2023 false 1 April 2024 31 March 2025 31 March 2025 07192696 Rosella Investments Limited Mr Stephen Holmes Mr Stephen Holmes Jnr iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 07192696 2024-03-31 07192696 2025-03-31 07192696 2024-04-01 2025-03-31 07192696 frs-core:CurrentFinancialInstruments 2025-03-31 07192696 frs-core:Non-currentFinancialInstruments 2025-03-31 07192696 frs-core:ComputerEquipment 2025-03-31 07192696 frs-core:ComputerEquipment 2024-04-01 2025-03-31 07192696 frs-core:ComputerEquipment 2024-03-31 07192696 frs-core:FurnitureFittings 2025-03-31 07192696 frs-core:FurnitureFittings 2024-04-01 2025-03-31 07192696 frs-core:FurnitureFittings 2024-03-31 07192696 frs-core:NetGoodwill 2025-03-31 07192696 frs-core:NetGoodwill 2024-04-01 2025-03-31 07192696 frs-core:NetGoodwill 2024-03-31 07192696 frs-core:PlantMachinery 2025-03-31 07192696 frs-core:PlantMachinery 2024-04-01 2025-03-31 07192696 frs-core:PlantMachinery 2024-03-31 07192696 frs-core:ShareCapital 2025-03-31 07192696 frs-core:RetainedEarningsAccumulatedLosses 2025-03-31 07192696 frs-bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 07192696 frs-bus:FilletedAccounts 2024-04-01 2025-03-31 07192696 frs-bus:SmallEntities 2024-04-01 2025-03-31 07192696 frs-bus:AuditExempt-NoAccountantsReport 2024-04-01 2025-03-31 07192696 frs-bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 07192696 frs-bus:Director1 2024-04-01 2025-03-31 07192696 frs-bus:Director2 2024-04-01 2025-03-31 07192696 frs-bus:Director3 2024-04-01 2025-03-31 07192696 frs-countries:EnglandWales 2024-04-01 2025-03-31 07192696 2023-03-31 07192696 2024-03-31 07192696 2023-04-01 2024-03-31 07192696 frs-core:CurrentFinancialInstruments 2024-03-31 07192696 frs-core:Non-currentFinancialInstruments 2024-03-31 07192696 frs-core:ShareCapital 2024-03-31 07192696 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31
Registered number: 07192696
Selectatest Limited
Unaudited Financial Statements
For The Year Ended 31 March 2025
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 07192696
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 5 3,639 4,239
3,639 4,239
CURRENT ASSETS
Stocks 6 4,130 4,130
Debtors 7 51,766 48,742
Cash at bank and in hand 44,945 39,464
100,841 92,336
Creditors: Amounts Falling Due Within One Year 8 (48,761 ) (43,598 )
NET CURRENT ASSETS (LIABILITIES) 52,080 48,738
TOTAL ASSETS LESS CURRENT LIABILITIES 55,719 52,977
Creditors: Amounts Falling Due After More Than One Year 9 (228,078 ) (228,078 )
NET LIABILITIES (172,359 ) (175,101 )
CAPITAL AND RESERVES
Called up share capital 10 1 1
Profit and Loss Account (172,360 ) (175,102 )
SHAREHOLDERS' FUNDS (172,359) (175,101)
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
Mr Stephen Holmes
Director
02/12/2025
The notes on pages 3 to 5 form part of these financial statements.
Page 2
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Notes to the Financial Statements
1. General Information
Selectatest Limited is a private company, limited by shares, incorporated in England & Wales, registered number 07192696 . The registered office is 5 Mathews Close, Stevenage, Hertfordshire, SG1 4XB.
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 not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability 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.
2.4. 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 has been fully amortised to the profit and loss account over its estimated economic life.
2.5. 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 20% on NBV
Fixtures & Fittings 20% on NBV
Computer Equipment 33% on NBV
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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 14 (2024: 13)
14 13
4. Intangible Assets
Goodwill
£
Cost
As at 1 April 2024 50,204
As at 31 March 2025 50,204
Amortisation
As at 1 April 2024 50,204
As at 31 March 2025 50,204
Net Book Value
As at 31 March 2025 -
As at 1 April 2024 -
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5. Tangible Assets
Plant & Machinery Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 April 2024 43,501 9,078 19,119 71,698
Additions - - 419 419
As at 31 March 2025 43,501 9,078 19,538 72,117
Depreciation
As at 1 April 2024 40,211 8,460 18,788 67,459
Provided during the period 658 124 237 1,019
As at 31 March 2025 40,869 8,584 19,025 68,478
Net Book Value
As at 31 March 2025 2,632 494 513 3,639
As at 1 April 2024 3,290 618 331 4,239
6. Stocks
2025 2024
£ £
Finished goods 4,130 4,130
7. Debtors
2025 2024
£ £
Due within one year
Trade debtors 51,025 48,111
Prepayments and accrued income 741 631
51,766 48,742
8. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 35 36
Other taxes and social security 3,791 3,366
VAT 25,535 25,428
Other creditors 1,062 839
Accruals and deferred income 7,750 3,341
Directors' loan accounts 10,588 10,588
48,761 43,598
9. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Amounts owed to group undertakings 228,078 228,078
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10. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 1 1
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