Acorah Software Products - Accounts Production 16.6.950 false true 31 March 2024 1 April 2023 false 1 April 2024 31 March 2025 31 March 2025 07183803 A D Price M T Price iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 07183803 2024-03-31 07183803 2025-03-31 07183803 2024-04-01 2025-03-31 07183803 frs-core:CurrentFinancialInstruments 2025-03-31 07183803 frs-core:Non-currentFinancialInstruments 2025-03-31 07183803 frs-core:BetweenOneFiveYears 2025-03-31 07183803 frs-core:FurnitureFittings 2024-04-01 2025-03-31 07183803 frs-core:NetGoodwill 2025-03-31 07183803 frs-core:NetGoodwill 2024-04-01 2025-03-31 07183803 frs-core:NetGoodwill 2024-03-31 07183803 frs-core:PlantMachinery 2025-03-31 07183803 frs-core:PlantMachinery 2024-04-01 2025-03-31 07183803 frs-core:PlantMachinery 2024-03-31 07183803 frs-core:WithinOneYear 2025-03-31 07183803 frs-core:SharePremium 2025-03-31 07183803 frs-core:ShareCapital 2025-03-31 07183803 frs-core:RetainedEarningsAccumulatedLosses 2025-03-31 07183803 frs-bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 07183803 frs-bus:FilletedAccounts 2024-04-01 2025-03-31 07183803 frs-bus:SmallEntities 2024-04-01 2025-03-31 07183803 frs-bus:AuditExempt-NoAccountantsReport 2024-04-01 2025-03-31 07183803 frs-bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 07183803 frs-bus:Director1 2024-04-01 2025-03-31 07183803 frs-bus:Director1 2024-03-31 07183803 frs-bus:Director1 2025-03-31 07183803 frs-bus:CompanySecretary1 2024-04-01 2025-03-31 07183803 frs-countries:EnglandWales 2024-04-01 2025-03-31 07183803 2023-03-31 07183803 2024-03-31 07183803 2023-04-01 2024-03-31 07183803 frs-core:CurrentFinancialInstruments 2024-03-31 07183803 frs-core:Non-currentFinancialInstruments 2024-03-31 07183803 frs-core:BetweenOneFiveYears 2024-03-31 07183803 frs-core:WithinOneYear 2024-03-31 07183803 frs-core:SharePremium 2024-03-31 07183803 frs-core:ShareCapital 2024-03-31 07183803 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31
Registered number: 07183803
Andrew Price & Co 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: 07183803
2025 2024
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 58,250 69,900
Tangible Assets 5 9,483 8,145
67,733 78,045
CURRENT ASSETS
Debtors 6 326,723 342,291
Cash at bank and in hand 144,388 167,392
471,111 509,683
Creditors: Amounts Falling Due Within One Year 7 (435,607 ) (409,020 )
NET CURRENT ASSETS (LIABILITIES) 35,504 100,663
TOTAL ASSETS LESS CURRENT LIABILITIES 103,237 178,708
Creditors: Amounts Falling Due After More Than One Year 8 (2,500 ) (12,500 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (2,371 ) (2,037 )
NET ASSETS 98,366 164,171
CAPITAL AND RESERVES
Called up share capital 9 106 106
Share premium account 4,494 4,494
Profit and Loss Account 93,766 159,571
SHAREHOLDERS' FUNDS 98,366 164,171
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 member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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.
The financial statements were approved by the board of directors on 11 December 2025 and were signed on its behalf by:
A D Price
Director
11 December 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
Andrew Price & Co Limited is a private company, limited by shares, incorporated in England & Wales, registered number 07183803 . The registered office is Haldon House, 4 Castle Road, Torquay, TQ1 3BG.
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 rendering of services.
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 - 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 twenty 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:
Fixtures & Fittings 20% reducing balance
2.5. Leasing and Hire Purchase Contracts
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
2.6. 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.
...CONTINUED
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2.6. Taxation - continued
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.
2.7. 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 9 (2024: 9)
9 9
4. Intangible Assets
Goodwill
£
Cost
As at 1 April 2024 233,000
As at 31 March 2025 233,000
Amortisation
As at 1 April 2024 163,100
Provided during the period 11,650
As at 31 March 2025 174,750
Net Book Value
As at 31 March 2025 58,250
As at 1 April 2024 69,900
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5. Tangible Assets
Plant & Machinery etc.
£
Cost
As at 1 April 2024 16,482
Additions 3,427
As at 31 March 2025 19,909
Depreciation
As at 1 April 2024 8,337
Provided during the period 2,089
As at 31 March 2025 10,426
Net Book Value
As at 31 March 2025 9,483
As at 1 April 2024 8,145
6. Debtors
2025 2024
£ £
Due within one year
Trade debtors 223,585 183,521
Other debtors 103,138 158,770
326,723 342,291
7. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 14,271 16,882
Bank loans and overdrafts 10,000 10,000
Other creditors 296,079 266,031
Taxation and social security 115,257 116,107
435,607 409,020
8. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Bank loans 2,500 12,500
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9. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 106 106
10. Other Commitments
The total of future minimum lease payments under non-cancellable operating leases are as following:
2025 2024
£ £
Not later than one year 12,500 12,500
Later than one year and not later than five years 33,333 45,833
45,833 58,333
11. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors/shareholders:
As at 1 April 2024 Amounts advanced Amounts repaid Amounts written off As at 31 March 2025
£ £ £ £ £
Mr Andrew Price 136,719 79,888 136,719 - 79,888
The above loan account is a joint loan account with Mr A D Price and Mrs M T Price.
The loan is unsecured, repayable on demand and interest is chargeable at HMRC official interest rates on overdrawn balances.
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