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 02781247 D J Shaw B Wragg B Wragg iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 02781247 2024-03-31 02781247 2025-03-31 02781247 2024-04-01 2025-03-31 02781247 frs-core:CurrentFinancialInstruments 2025-03-31 02781247 frs-core:BetweenOneFiveYears 2025-03-31 02781247 frs-core:ComputerEquipment 2024-04-01 2025-03-31 02781247 frs-core:FurnitureFittings 2024-04-01 2025-03-31 02781247 frs-core:LandBuildings 2025-03-31 02781247 frs-core:LandBuildings 2024-04-01 2025-03-31 02781247 frs-core:LandBuildings 2024-03-31 02781247 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-04-01 2025-03-31 02781247 frs-core:MotorVehicles 2024-04-01 2025-03-31 02781247 frs-core:PlantMachinery 2025-03-31 02781247 frs-core:PlantMachinery 2024-04-01 2025-03-31 02781247 frs-core:PlantMachinery 2024-03-31 02781247 frs-core:WithinOneYear 2025-03-31 02781247 frs-core:CapitalRedemptionReserve 2025-03-31 02781247 frs-core:ShareCapital 2025-03-31 02781247 frs-core:RetainedEarningsAccumulatedLosses 2025-03-31 02781247 frs-bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 02781247 frs-bus:FilletedAccounts 2024-04-01 2025-03-31 02781247 frs-bus:SmallEntities 2024-04-01 2025-03-31 02781247 frs-bus:AuditExempt-NoAccountantsReport 2024-04-01 2025-03-31 02781247 frs-bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 02781247 frs-bus:OrdinaryShareClass1 2024-04-01 2025-03-31 02781247 frs-bus:OrdinaryShareClass1 2025-03-31 02781247 frs-bus:OrdinaryShareClass2 2024-04-01 2025-03-31 02781247 frs-bus:OrdinaryShareClass2 2025-03-31 02781247 frs-bus:OrdinaryShareClass3 2024-04-01 2025-03-31 02781247 frs-bus:OrdinaryShareClass3 2025-03-31 02781247 frs-bus:Director1 2024-04-01 2025-03-31 02781247 frs-bus:Director2 2024-04-01 2025-03-31 02781247 frs-bus:CompanySecretary1 2024-04-01 2025-03-31 02781247 frs-countries:EnglandWales 2024-04-01 2025-03-31 02781247 2023-03-31 02781247 2024-03-31 02781247 2023-04-01 2024-03-31 02781247 frs-core:CurrentFinancialInstruments 2024-03-31 02781247 frs-core:BetweenOneFiveYears 2024-03-31 02781247 frs-core:WithinOneYear 2024-03-31 02781247 frs-core:CapitalRedemptionReserve 2024-03-31 02781247 frs-core:ShareCapital 2024-03-31 02781247 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 02781247 frs-bus:OrdinaryShareClass1 2023-04-01 2024-03-31 02781247 frs-bus:OrdinaryShareClass2 2023-04-01 2024-03-31 02781247 frs-bus:OrdinaryShareClass3 2023-04-01 2024-03-31
Registered number: 02781247
Finishadapt Limited
Unaudited Financial Statements
For The Year Ended 31 March 2025
Blue-Shore Accountants Ltd
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 02781247
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 52,704 51,269
52,704 51,269
CURRENT ASSETS
Stocks 240,016 373,603
Debtors 5 212,478 236,361
Cash at bank and in hand 202,057 116,837
654,551 726,801
Creditors: Amounts Falling Due Within One Year 6 (218,664 ) (383,739 )
NET CURRENT ASSETS (LIABILITIES) 435,887 343,062
TOTAL ASSETS LESS CURRENT LIABILITIES 488,591 394,331
PROVISIONS FOR LIABILITIES
Deferred Taxation (13,176 ) (12,817 )
NET ASSETS 475,415 381,514
CAPITAL AND RESERVES
Called up share capital 7 100 100
Capital redemption reserve 100 100
Profit and Loss Account 475,215 381,314
SHAREHOLDERS' FUNDS 475,415 381,514
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
B Wragg
Director
03/12/2025
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Finishadapt Limited is a private company, limited by shares, incorporated in England & Wales, registered number 02781247 . The registered office is Unit 4 Woodside Road, South Marston Industrial Estate, Swindon, SN3 4WA.
The presentation currency of the financial statements is the Pound Sterling (£).
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.
2.3. 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:
Leasehold 20% straight line
Plant & Machinery 25% straight line
Motor Vehicles 16% straight line
Fixtures & Fittings 20%/27% straight line
Computer Equipment 33% straight line
2.4. 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.
2.5. 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.
2.6. 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 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.
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Page 4
3. Average Number of Employees
Average number of employees, including directors, during the year was: 4 (2024: 4)
4 4
4. Tangible Assets
Land & Buildings Plant & Machinery etc. Total
£ £ £
Cost
As at 1 April 2024 2,558 92,061 94,619
Additions - 13,253 13,253
As at 31 March 2025 2,558 105,314 107,872
Depreciation
As at 1 April 2024 2,558 40,792 43,350
Provided during the period - 11,818 11,818
As at 31 March 2025 2,558 52,610 55,168
Net Book Value
As at 31 March 2025 - 52,704 52,704
As at 1 April 2024 - 51,269 51,269
5. Debtors
2025 2024
£ £
Due within one year
Trade debtors 192,598 218,015
Other debtors 19,880 18,346
212,478 236,361
6. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 38,537 22,385
Other creditors 39,640 237,161
Taxation and social security 140,487 124,193
218,664 383,739
7. Share Capital
2025 2024
Allotted, called up and fully paid £ £
50 Ordinary Shares of £ 1.00 each 50 50
5 Ordinary A shares of £ 1.00 each 5 5
45 Ordinary B shares of £ 1.00 each 45 45
100 100
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Page 5
8. Other Commitments
The total of future minimum lease payments under non-cancellable operating leases are as following:
2025 2024
£ £
Not later than one year 28,250 26,167
Later than one year and not later than five years 63,562 91,812
91,812 117,979
9. Related Party Transactions
Unless otherwise disclosed, all related party transactions have been conducted under normal market conditions, including dividend payments to its shareholders.
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