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 10660569 Mr Salvatore Cultrera iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 10660569 2024-03-31 10660569 2025-03-31 10660569 2024-04-01 2025-03-31 10660569 frs-core:CurrentFinancialInstruments 2025-03-31 10660569 frs-core:ComputerEquipment 2025-03-31 10660569 frs-core:ComputerEquipment 2024-04-01 2025-03-31 10660569 frs-core:ComputerEquipment 2024-03-31 10660569 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2025-03-31 10660569 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2024-04-01 2025-03-31 10660569 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2024-03-31 10660569 frs-core:FurnitureFittings 2025-03-31 10660569 frs-core:FurnitureFittings 2024-04-01 2025-03-31 10660569 frs-core:FurnitureFittings 2024-03-31 10660569 frs-core:MotorVehicles 2025-03-31 10660569 frs-core:MotorVehicles 2024-04-01 2025-03-31 10660569 frs-core:MotorVehicles 2024-03-31 10660569 frs-core:OtherResidualIntangibleAssets 2025-03-31 10660569 frs-core:OtherResidualIntangibleAssets 2024-04-01 2025-03-31 10660569 frs-core:OtherResidualIntangibleAssets 2024-03-31 10660569 frs-core:PlantMachinery 2025-03-31 10660569 frs-core:PlantMachinery 2024-04-01 2025-03-31 10660569 frs-core:PlantMachinery 2024-03-31 10660569 frs-core:ShareCapital 2025-03-31 10660569 frs-core:RetainedEarningsAccumulatedLosses 2025-03-31 10660569 frs-bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 10660569 frs-bus:FilletedAccounts 2024-04-01 2025-03-31 10660569 frs-bus:SmallEntities 2024-04-01 2025-03-31 10660569 frs-bus:AuditExempt-NoAccountantsReport 2024-04-01 2025-03-31 10660569 frs-bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 10660569 frs-bus:Director1 2024-04-01 2025-03-31 10660569 frs-countries:EnglandWales 2024-04-01 2025-03-31 10660569 2023-03-31 10660569 2024-03-31 10660569 2023-04-01 2024-03-31 10660569 frs-core:CurrentFinancialInstruments 2024-03-31 10660569 frs-core:ShareCapital 2024-03-31 10660569 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31
Registered number: 10660569
CIESSE COMPANY LTD
Unaudited Financial Statements
For The Year Ended 31 March 2025
FIDCORP LIMITED
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 10660569
2025 2024
Notes
FIXED ASSETS
Intangible Assets 4 41,145 22,330
Tangible Assets 5 5,993 11,529
47,138 33,859
CURRENT ASSETS
Debtors 6 61,832 53,812
Cash at bank and in hand 4,710 8,451
66,542 62,263
Creditors: Amounts Falling Due Within One Year 7 (64,977 ) (32,595 )
NET CURRENT ASSETS (LIABILITIES) 1,565 29,668
TOTAL ASSETS LESS CURRENT LIABILITIES 48,703 63,527
NET ASSETS 48,703 63,527
CAPITAL AND RESERVES
Called up share capital 8 40,000 40,000
Profit and Loss Account 8,703 23,527
SHAREHOLDERS' FUNDS 48,703 63,527
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.
On behalf of the board
Mr Salvatore Cultrera
Director
09/12/2025
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
CIESSE COMPANY LTD is a private company, limited by shares, incorporated in England & Wales, registered number 10660569 . The registered office is C/O Fidcorp Limited, 3rd Floor Portman House, 2 Portman Street, London, W1H 6DU.
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. Intangible Fixed Assets and Amortisation - Other Intangible
Other intangible assets are .... It is amortised to the profit and loss account over its estimated economic life of .... years.
2.4. Research and Development
In the research phase of an internal project it is not possible to demonstrate that the project will generate future economic benefits and hence all expenditure on research is recognised as an expense when it is incurred. Intangible assets are recognised from the development phase of a project if and only if certain specific criteria are met in order to demonstrate the asset will generate probable future economic benefits and that its cost can be reliably measured. The capitalised development costs are subsequently amortised to ... on a straight line basis over their expected useful economic lives, which range from ... to ... years.
If it is not possible to distinguish between the research phase and the development phase of an internal project the expenditure is treated as if it were all incurred in the research phase only.
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 60%
Motor Vehicles NA
Fixtures & Fittings 15%`
Computer Equipment 12%
2.6. 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.
Page 3
Page 4
2.7. 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: 1 (2024: 1)
1 1
4. Intangible Assets
Other Development Costs Total
Cost
As at 1 April 2024 3,823 50,009 53,832
Additions - 36,600 36,600
As at 31 March 2025 3,823 86,609 90,432
Amortisation
As at 1 April 2024 3,823 27,679 31,502
Provided during the period - 17,785 17,785
As at 31 March 2025 3,823 45,464 49,287
Net Book Value
As at 31 March 2025 - 41,145 41,145
As at 1 April 2024 - 22,330 22,330
Page 4
Page 5
5. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Computer Equipment Total
Cost
As at 1 April 2024 10,316 7,424 1,643 12,148 31,531
As at 31 March 2025 10,316 7,424 1,643 12,148 31,531
Depreciation
As at 1 April 2024 8,201 7,424 246 4,131 20,002
Provided during the period 796 - 493 4,247 5,536
As at 31 March 2025 8,997 7,424 739 8,378 25,538
Net Book Value
As at 31 March 2025 1,319 - 904 3,770 5,993
As at 1 April 2024 2,115 - 1,397 8,017 11,529
6. Debtors
2025 2024
Due within one year
Trade debtors 51,422 45,961
Other debtors 10,410 7,851
61,832 53,812
7. Creditors: Amounts Falling Due Within One Year
2025 2024
Trade creditors 53,212 8,016
Bank loans and overdrafts 6,052 113
Other creditors 5,713 24,466
64,977 32,595
8. Share Capital
2025 2024
Allotted, Called up and fully paid 40,000 40,000
Page 5