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 04121636 Mr Matthew Hoare Mr Matthew Hoare iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 04121636 2024-03-31 04121636 2025-03-31 04121636 2024-04-01 2025-03-31 04121636 frs-core:CurrentFinancialInstruments 2025-03-31 04121636 frs-core:Non-currentFinancialInstruments 2025-03-31 04121636 frs-core:ComputerEquipment 2025-03-31 04121636 frs-core:ComputerEquipment 2024-04-01 2025-03-31 04121636 frs-core:ComputerEquipment 2024-03-31 04121636 frs-core:FurnitureFittings 2025-03-31 04121636 frs-core:FurnitureFittings 2024-04-01 2025-03-31 04121636 frs-core:FurnitureFittings 2024-03-31 04121636 frs-core:NetGoodwill 2025-03-31 04121636 frs-core:NetGoodwill 2024-04-01 2025-03-31 04121636 frs-core:NetGoodwill 2024-03-31 04121636 frs-core:MotorVehicles 2025-03-31 04121636 frs-core:MotorVehicles 2024-04-01 2025-03-31 04121636 frs-core:MotorVehicles 2024-03-31 04121636 frs-core:PlantMachinery 2025-03-31 04121636 frs-core:PlantMachinery 2024-04-01 2025-03-31 04121636 frs-core:PlantMachinery 2024-03-31 04121636 frs-core:CapitalRedemptionReserve 2025-03-31 04121636 frs-core:ShareCapital 2025-03-31 04121636 frs-core:RetainedEarningsAccumulatedLosses 2025-03-31 04121636 frs-bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 04121636 frs-bus:FilletedAccounts 2024-04-01 2025-03-31 04121636 frs-bus:SmallEntities 2024-04-01 2025-03-31 04121636 frs-bus:AuditExempt-NoAccountantsReport 2024-04-01 2025-03-31 04121636 frs-bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 04121636 frs-bus:Director1 2024-04-01 2025-03-31 04121636 frs-bus:CompanySecretary1 2024-04-01 2025-03-31 04121636 frs-core:CurrentFinancialInstruments 2 2025-03-31 04121636 frs-core:CurrentFinancialInstruments 3 2025-03-31 04121636 frs-countries:EnglandWales 2024-04-01 2025-03-31 04121636 2023-03-31 04121636 2024-03-31 04121636 2023-04-01 2024-03-31 04121636 frs-core:CurrentFinancialInstruments 2024-03-31 04121636 frs-core:Non-currentFinancialInstruments 2024-03-31 04121636 frs-core:CapitalRedemptionReserve 2024-03-31 04121636 frs-core:ShareCapital 2024-03-31 04121636 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 04121636 frs-core:CurrentFinancialInstruments 2 2024-03-31 04121636 frs-core:CurrentFinancialInstruments 3 2024-03-31
Registered number: 04121636
Abbot Commercials Limited
Unaudited Financial Statements
For The Year Ended 31 March 2025
Dawes Accountants Limited
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 04121636
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 5 145,786 178,268
145,786 178,268
CURRENT ASSETS
Stocks 6 422,062 596,175
Debtors 7 450,994 326,871
Cash at bank and in hand 434,752 659,422
1,307,808 1,582,468
Creditors: Amounts Falling Due Within One Year 8 (309,488 ) (394,927 )
NET CURRENT ASSETS (LIABILITIES) 998,320 1,187,541
TOTAL ASSETS LESS CURRENT LIABILITIES 1,144,106 1,365,809
Creditors: Amounts Falling Due After More Than One Year 9 (25,025 ) (25,025 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (39,699 ) (74,392 )
NET ASSETS 1,079,382 1,266,392
CAPITAL AND RESERVES
Called up share capital 10 10,006 10,006
Capital redemption reserve (693,375 ) (693,375 )
Profit and Loss Account 1,762,751 1,949,761
SHAREHOLDERS' FUNDS 1,079,382 1,266,392
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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 Matthew Hoare
Director
16/12/2025
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
Abbot Commercials Limited is a private company, limited by shares, incorporated in England & Wales, registered number 04121636 . The registered office is Abbot Commercials Ltd, Brunel Road, Newton Abbot, Devon, TQ12 4PB.
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 - 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 20 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:
Plant & Machinery 25%
Motor Vehicles 25%
Fixtures & Fittings 15%
Computer Equipment 20%
2.5. 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.
2.6. 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.
...CONTINUED
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2.6. Taxation - continued
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.
2.7. 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: 13 (2024: 14)
13 14
4. Intangible Assets
Goodwill
£
Cost
As at 1 April 2024 120,000
As at 31 March 2025 120,000
Amortisation
As at 1 April 2024 120,000
As at 31 March 2025 120,000
Net Book Value
As at 31 March 2025 -
As at 1 April 2024 -
5. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 April 2024 18,035 402,497 47,905 10,011 478,448
Additions 4,080 13,649 3,416 295 21,440
Disposals - (39,430 ) - - (39,430 )
As at 31 March 2025 22,115 376,716 51,321 10,306 460,458
Depreciation
As at 1 April 2024 591 253,385 37,976 8,228 300,180
Provided during the period 4,935 38,525 1,746 361 45,567
Disposals - (31,075 ) - - (31,075 )
As at 31 March 2025 5,526 260,835 39,722 8,589 314,672
Net Book Value
As at 31 March 2025 16,589 115,881 11,599 1,717 145,786
As at 1 April 2024 17,444 149,112 9,929 1,783 178,268
6. Stocks
2025 2024
£ £
Stock 422,062 596,175
Page 4
Page 5
7. Debtors
2025 2024
£ £
Due within one year
Trade debtors 126,476 160,518
Part Exchange Account - 33,600
Prepayments and accrued income 28,488 3,319
Other debtors 77,571 -
Corporation tax recoverable assets 45,234 -
277,769 197,437
Due after more than one year
Effaux Loan Account 173,225 129,434
450,994 326,871
8. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 118,633 65,583
Corporation tax - 87,525
Other taxes and social security 11,157 21,820
VAT 19,083 49,531
Net wages 2 -
Credit Card Liability 4,711 12,307
Pension Liability 2,038 -
Accruals and deferred income 661 552
Director's loan account 153,203 155,033
Payments on account - 2,576
309,488 394,927
9. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Other Creditors - V Hoare 25,025 25,025
10. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 10,006 10,006
11. Directors Advances, Credits and Guarantees
Dividends paid to directors
2025 2024
£ £
Mr Matthew Hoare 44,426 44,308
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12. Related Party Transactions
The company was under the control of Mr M J Hoare throughout the current and previous year. Mr Hoare is the managing director and majority shareholder. 
The company occupies premises owned jointly by the director Mr M J Hoare and his father Mr J S Hoare. The rent payable is considered to be full market value at £24,999.
An amount of £173,225 is loaned to Effaux Securities Limited, a company jointly owned by Mr M J Hoare and Mr J S Hoare. The loan is repayable upon deman and interest is charged at the government's commercial rate on the loan anniversary. 
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