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Registered number: 12432663
Newtons Theory Ltd
Unaudited Financial Statements
For The Year Ended 31 March 2025
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—3
Page 1
Balance Sheet
Registered number: 12432663
2025 2024
as restated
Notes £ £ £ £
CURRENT ASSETS
Debtors 4 110,290 133,869
Cash at bank and in hand 250,459 146,102
360,749 279,971
Creditors: Amounts Falling Due Within One Year 5 (70,410 ) (75,573 )
NET CURRENT ASSETS (LIABILITIES) 290,339 204,398
TOTAL ASSETS LESS CURRENT LIABILITIES 290,339 204,398
NET ASSETS 290,339 204,398
CAPITAL AND RESERVES
Called up share capital 6 100 100
Profit and Loss Account 290,239 204,298
SHAREHOLDERS' FUNDS 290,339 204,398
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 her 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
Ms Amy Newton
Director
18/11/2025
The notes on pages 2 to 3 form part of these financial statements.
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Page 2
Notes to the Financial Statements
1. General Information
Newtons Theory Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 12432663 . The registered office is Tailrace, Crowdy Mill, Harbertonford, Totnes, South Devon, TQ9 7HU.
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 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. 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.
2.4. 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.
2.5. 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: 8 (2024: 7)
8 7
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Page 3
4. Debtors
2025 2024
as restated
£ £
Due within one year
Trade debtors 109,428 129,234
Other debtors 862 4,635
110,290 133,869
5. Creditors: Amounts Falling Due Within One Year
2025 2024
as restated
£ £
Trade creditors 9,172 3,410
Other creditors 6,111 19,537
Taxation and social security 55,127 52,626
70,410 75,573
6. Share Capital
2025 2024
as restated
£ £
Called Up Share Capital not Paid 100 100
Amount of Allotted, Called Up Share Capital 100 100
7. Transition to FRS 102
The company's financial statements for the year ended 31st March 2025 have been prepared in accordance with FRS 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland. The company previously prepared its financial statements under FRS 105, the Financial Reporting Standard applicable to the Micro-entities Regime. This is the first year that the company has presented its financial statements under FRS 102. 
The date of transition to FRS 102 is 1st April 2023, which is the start of the earliest comparative period presented.
Under FRS 105, the company was not required to recognise an accrual for employees' untaken paid holiday entitlement. FRS 102 requires such as accrual to be recognised where employees have earned the entitlement. As a result, an adjustment has been made to recognise a holiday pay accrual at the transition date. This is the only adjustment arising from the transition to FRS 102.
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