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 07651551 B K Allen iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 07651551 2024-03-31 07651551 2025-03-31 07651551 2024-04-01 2025-03-31 07651551 frs-core:CurrentFinancialInstruments 2025-03-31 07651551 frs-core:ComputerEquipment 2025-03-31 07651551 frs-core:ComputerEquipment 2024-04-01 2025-03-31 07651551 frs-core:ComputerEquipment 2024-03-31 07651551 frs-core:MotorVehicles 2025-03-31 07651551 frs-core:MotorVehicles 2024-04-01 2025-03-31 07651551 frs-core:MotorVehicles 2024-03-31 07651551 frs-core:ShareCapital 2025-03-31 07651551 frs-core:RetainedEarningsAccumulatedLosses 2025-03-31 07651551 frs-bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 07651551 frs-bus:FilletedAccounts 2024-04-01 2025-03-31 07651551 frs-bus:SmallEntities 2024-04-01 2025-03-31 07651551 frs-bus:AuditExempt-NoAccountantsReport 2024-04-01 2025-03-31 07651551 frs-bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 07651551 frs-bus:Director1 2024-04-01 2025-03-31 07651551 frs-countries:EnglandWales 2024-04-01 2025-03-31 07651551 2023-03-31 07651551 2024-03-31 07651551 2023-04-01 2024-03-31 07651551 frs-core:CurrentFinancialInstruments 2024-03-31 07651551 frs-core:ShareCapital 2024-03-31 07651551 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31
Registered number: 07651551
Salcombe Finest Limited
Unaudited Financial Statements
For The Year Ended 31 March 2025
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 07651551
2025 2024
as restated
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 5 12,774 17,511
12,774 17,511
CURRENT ASSETS
Stocks 3,000 2,000
Debtors 6 47,349 42,060
Cash at bank and in hand 1,009,720 951,540
1,060,069 995,600
Creditors: Amounts Falling Due Within One Year 7 (993,120 ) (880,664 )
NET CURRENT ASSETS (LIABILITIES) 66,949 114,936
TOTAL ASSETS LESS CURRENT LIABILITIES 79,723 132,447
PROVISIONS FOR LIABILITIES
Deferred Taxation (3,194 ) -
NET ASSETS 76,529 132,447
CAPITAL AND RESERVES
Called up share capital 8 100 100
Profit and Loss Account 76,429 132,347
SHAREHOLDERS' FUNDS 76,529 132,447
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 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
B K Allen
Director
15 December 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
Salcombe Finest Limited is a private company, limited by shares, incorporated in England & Wales, registered number 07651551 . The registered office is Haldon House, 4 Castle Road, Torquay, Devon, TQ1 3BG.
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. 
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:
Motor Vehicles 25% Straight line
Computer Equipment 25% 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. 
2.5. 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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2.5. 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.
2.6. 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: 6 (2024: 4)
6 4
4. Prior Period Adjustment
An error was identified and corrected by prior year adjustment in the financial statements for 2024 whereby commissions of £51,538 had been charged against profits in error.
This resulted in an additional charge to corporation tax of £13,658 and the reserves at 31 March 2024 have been adjusted upwards by £37,880.
5. Tangible Assets
Motor Vehicles Computer Equipment Total
£ £ £
Cost
As at 1 April 2024 3,250 27,005 30,255
Additions - 4,437 4,437
As at 31 March 2025 3,250 31,442 34,692
Depreciation
As at 1 April 2024 881 11,863 12,744
Provided during the period 813 8,361 9,174
As at 31 March 2025 1,694 20,224 21,918
Net Book Value
As at 31 March 2025 1,556 11,218 12,774
As at 1 April 2024 2,369 15,142 17,511
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6. Debtors
2025 2024
as restated
£ £
Due within one year
Trade debtors 9,559 1,623
Other debtors 37,790 40,437
47,349 42,060
7. Creditors: Amounts Falling Due Within One Year
2025 2024
as restated
£ £
Trade creditors 101,332 95,023
Other creditors 871,957 756,001
Taxation and social security 19,831 29,640
993,120 880,664
8. Share Capital
2025 2024
as restated
£ £
Allotted, Called up and fully paid 100 100
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