Acorah Software Products - Accounts Production 16.7.461 false true 31 March 2024 1 April 2023 false 1 April 2024 31 March 2025 31 March 2025 07591686 Mr James Eden Mr Andrew Lawson iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 07591686 2024-03-31 07591686 2025-03-31 07591686 2024-04-01 2025-03-31 07591686 frs-core:CurrentFinancialInstruments 2025-03-31 07591686 frs-core:Non-currentFinancialInstruments 2025-03-31 07591686 frs-core:BetweenOneFiveYears 2025-03-31 07591686 frs-core:ComputerEquipment 2025-03-31 07591686 frs-core:ComputerEquipment 2024-04-01 2025-03-31 07591686 frs-core:ComputerEquipment 2024-03-31 07591686 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2024-04-01 2025-03-31 07591686 frs-core:FurnitureFittings 2025-03-31 07591686 frs-core:FurnitureFittings 2024-04-01 2025-03-31 07591686 frs-core:FurnitureFittings 2024-03-31 07591686 frs-core:NetGoodwill 2025-03-31 07591686 frs-core:NetGoodwill 2024-04-01 2025-03-31 07591686 frs-core:NetGoodwill 2024-03-31 07591686 frs-core:OtherResidualIntangibleAssets 2025-03-31 07591686 frs-core:OtherResidualIntangibleAssets 2024-04-01 2025-03-31 07591686 frs-core:OtherResidualIntangibleAssets 2024-03-31 07591686 frs-core:PlantMachinery 2025-03-31 07591686 frs-core:PlantMachinery 2024-04-01 2025-03-31 07591686 frs-core:PlantMachinery 2024-03-31 07591686 frs-core:WithinOneYear 2025-03-31 07591686 frs-core:SharePremium 2025-03-31 07591686 frs-core:ShareCapital 2025-03-31 07591686 frs-core:RetainedEarningsAccumulatedLosses 2025-03-31 07591686 frs-bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 07591686 frs-bus:FilletedAccounts 2024-04-01 2025-03-31 07591686 frs-bus:SmallEntities 2024-04-01 2025-03-31 07591686 frs-bus:AuditExempt-NoAccountantsReport 2024-04-01 2025-03-31 07591686 frs-bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 07591686 frs-bus:Director1 2024-04-01 2025-03-31 07591686 frs-bus:Director2 2024-04-01 2025-03-31 07591686 frs-core:Non-currentFinancialInstruments 1 2025-03-31 07591686 frs-core:CurrentFinancialInstruments 9 2025-03-31 07591686 frs-countries:EnglandWales 2024-04-01 2025-03-31 07591686 2023-03-31 07591686 2024-03-31 07591686 2023-04-01 2024-03-31 07591686 frs-core:CurrentFinancialInstruments 2024-03-31 07591686 frs-core:Non-currentFinancialInstruments 2024-03-31 07591686 frs-core:BetweenOneFiveYears 2024-03-31 07591686 frs-core:WithinOneYear 2024-03-31 07591686 frs-core:SharePremium 2024-03-31 07591686 frs-core:ShareCapital 2024-03-31 07591686 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 07591686 frs-core:Non-currentFinancialInstruments 1 2024-03-31 07591686 frs-core:CurrentFinancialInstruments 9 2024-03-31
Registered number: 07591686
Fodabox 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: 07591686
2025 2024
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 46,410 179,540
Tangible Assets 5 221,606 229,194
268,016 408,734
CURRENT ASSETS
Stocks 6 189,322 159,788
Debtors 7 897,219 850,828
Cash at bank and in hand 105,027 114,139
1,191,568 1,124,755
Creditors: Amounts Falling Due Within One Year 8 (1,142,159 ) (837,271 )
NET CURRENT ASSETS (LIABILITIES) 49,409 287,484
TOTAL ASSETS LESS CURRENT LIABILITIES 317,425 696,218
Creditors: Amounts Falling Due After More Than One Year 9 (13,333 ) (29,105 )
NET ASSETS 304,092 667,113
CAPITAL AND RESERVES
Called up share capital 11 34,142 3,707
Share premium account 7,950,535 7,677,220
Profit and Loss Account (7,680,585 ) (7,013,814 )
SHAREHOLDERS' FUNDS 304,092 667,113
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 Andrew Lawson
Director
10/12/2025
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
Fodabox Limited is a private company, limited by shares, incorporated in England & Wales, registered number 07591686 . The registered office is Unit 10 Quadrant Park, Welwyn Garden City, Herts, AL7 1FS.
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 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 - 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 2 years.
2.4. Intangible Fixed Assets and Amortisation - Other Intangible
Other intangible assets are professional fees. It is amortised to profit and loss account over its estimated economic life of 5 years.
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 7 years straight line
Fixtures & Fittings 4 years straight line
Computer Equipment 4 years straight line
2.6. Leasing and Hire Purchase Contracts
Assets obtained under hire purchase contracts and 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 profit and loss account as incurred.
2.7. 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.
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2.8. 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.
2.9. 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 48 (2024: 48)
48 48
4. Intangible Assets
Goodwill Other Total
£ £ £
Cost
As at 1 April 2024 150,000 580,894 730,894
Additions - 28,347 28,347
As at 31 March 2025 150,000 609,241 759,241
Amortisation
As at 1 April 2024 150,000 401,354 551,354
Provided during the period - 161,477 161,477
As at 31 March 2025 150,000 562,831 712,831
Net Book Value
As at 31 March 2025 - 46,410 46,410
As at 1 April 2024 - 179,540 179,540
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5. Tangible Assets
Plant & Machinery Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 April 2024 288,544 36,186 43,571 368,301
Additions 41,280 - 4,575 45,855
As at 31 March 2025 329,824 36,186 48,146 414,156
Depreciation
As at 1 April 2024 82,830 26,288 29,989 139,107
Provided during the period 36,681 5,698 11,064 53,443
As at 31 March 2025 119,511 31,986 41,053 192,550
Net Book Value
As at 31 March 2025 210,313 4,200 7,093 221,606
As at 1 April 2024 205,714 9,898 13,582 229,194
6. Stocks
2025 2024
£ £
Finished goods 189,322 159,788
7. Debtors
2025 2024
£ £
Due within one year
Trade debtors 620,192 576,435
Prepayments and accrued income 104,489 101,564
Other debtors - 291
724,681 678,290
Due after more than one year
Security deposit 172,538 172,538
897,219 850,828
8. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Net obligations under finance lease and hire purchase contracts 4,708 2,886
Trade creditors 1,073,541 779,507
Other taxes and social security 62,115 50,889
Other creditors 798 -
Accruals 997 3,989
1,142,159 837,271
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9. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Net obligations under finance lease and hire purchase contracts - 5,772
Bounce Back Bank Loan 13,333 23,333
13,333 29,105
10. Obligations Under Finance Leases and Hire Purchase
2025 2024
£ £
The future minimum finance lease payments are as follows:
Not later than one year 4,708 2,886
Later than one year and not later than five years - 5,772
4,708 8,658
4,708 8,658
11. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 34,142 3,707
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