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Registered number: 09341047
Quality Thinking Limited
Unaudited Financial Statements
For The Year Ended 31 March 2025
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 09341047
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 - 680
Investments 5 203,250 203,250
203,250 203,930
CURRENT ASSETS
Stocks 6 21,680 10,498
Debtors 7 32,842 82,475
Cash at bank and in hand 65,632 61,934
120,154 154,907
Creditors: Amounts Falling Due Within One Year 8 (119,017 ) (153,770 )
NET CURRENT ASSETS (LIABILITIES) 1,137 1,137
TOTAL ASSETS LESS CURRENT LIABILITIES 204,387 205,067
NET ASSETS 204,387 205,067
CAPITAL AND RESERVES
Called up share capital 9 1 1
Profit and Loss Account 204,386 205,066
SHAREHOLDERS' FUNDS 204,387 205,067
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.
The financial statements were approved by the board of directors on 15 December 2025 and were signed on its behalf by:
Miss Amanda Allen
Director
15th December 2025
The notes on pages 3 to 6 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Quality Thinking Limited is a private company, limited by shares, incorporated in England & Wales, registered number 09341047 . The registered office is Unit B, Ascensis Tower, Juniper Drive, Battersea Reach, london, SW18 1AY.
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. 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:
Fixtures & Fittings 4 years 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.
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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 year 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 asset reflects 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 or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also 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. Tangible Assets
Fixtures & Fittings
£
Cost
As at 1 April 2024 3,400
As at 31 March 2025 3,400
Depreciation
As at 1 April 2024 2,720
Provided during the period 680
As at 31 March 2025 3,400
Net Book Value
As at 31 March 2025 -
As at 1 April 2024 680
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5. Investments
Unlisted
£
Cost or Valuation
As at 1 April 2024 203,250
As at 31 March 2025 203,250
Provision
As at 1 April 2024 -
As at 31 March 2025 -
Net Book Value
As at 31 March 2025 203,250
As at 1 April 2024 203,250
6. Stocks
2025 2024
£ £
Work in progress 21,680 10,498
7. Debtors
2025 2024
£ £
Due within one year
Trade debtors 32,370 82,475
Prepayments and accrued income 472 -
32,842 82,475
8. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 67,383 84,169
Corporation tax - 585
Other taxes and social security 1 1
VAT 12,571 31,975
Accruals and deferred income 39,062 37,040
119,017 153,770
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9. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 1 1
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