Acorah Software Products - Accounts Production 16.8.200 false true true 31 March 2024 1 April 2023 false 1 April 2024 31 March 2025 31 March 2025 7533033 Mr Augustine Ojo Mrs Olufunmilayo Ojo iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 7533033 2024-03-31 7533033 2025-03-31 7533033 2024-04-01 2025-03-31 7533033 frs-core:CurrentFinancialInstruments 2025-03-31 7533033 frs-core:Non-currentFinancialInstruments 2025-03-31 7533033 frs-core:ComputerEquipment 2025-03-31 7533033 frs-core:ComputerEquipment 2024-04-01 2025-03-31 7533033 frs-core:ComputerEquipment 2024-03-31 7533033 frs-core:FurnitureFittings 2025-03-31 7533033 frs-core:FurnitureFittings 2024-04-01 2025-03-31 7533033 frs-core:FurnitureFittings 2024-03-31 7533033 frs-core:NetGoodwill 2025-03-31 7533033 frs-core:NetGoodwill 2024-04-01 2025-03-31 7533033 frs-core:NetGoodwill 2024-03-31 7533033 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2025-03-31 7533033 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-04-01 2025-03-31 7533033 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-03-31 7533033 frs-core:PlantMachinery 2025-03-31 7533033 frs-core:PlantMachinery 2024-04-01 2025-03-31 7533033 frs-core:PlantMachinery 2024-03-31 7533033 frs-core:ShareCapital 2025-03-31 7533033 frs-core:RetainedEarningsAccumulatedLosses 2025-03-31 7533033 frs-bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 7533033 frs-bus:FilletedAccounts 2024-04-01 2025-03-31 7533033 frs-bus:SmallEntities 2024-04-01 2025-03-31 7533033 frs-bus:AuditExempt-NoAccountantsReport 2024-04-01 2025-03-31 7533033 frs-bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 7533033 frs-bus:Director1 2024-04-01 2025-03-31 7533033 frs-bus:Director1 2024-03-31 7533033 frs-bus:Director1 2025-03-31 7533033 frs-bus:Director2 2024-04-01 2025-03-31 7533033 frs-core:CurrentFinancialInstruments 2 2025-03-31 7533033 frs-countries:EnglandWales 2024-04-01 2025-03-31 7533033 2023-03-31 7533033 2024-03-31 7533033 2023-04-01 2024-03-31 7533033 frs-core:CurrentFinancialInstruments 2024-03-31 7533033 frs-core:Non-currentFinancialInstruments 2024-03-31 7533033 frs-core:ShareCapital 2024-03-31 7533033 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 7533033 frs-core:CurrentFinancialInstruments 2 2024-03-31
Registered number: 7533033
Bright DS LTD
Unaudited Financial Statements
For The Year Ended 31 March 2025
Wilkinson Accounting Solutions Limited
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 7533033
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 5 64,754 62,348
64,754 62,348
CURRENT ASSETS
Stocks 6 270,599 241,761
Debtors 7 291,781 336,993
Cash at bank and in hand 68,354 80,778
630,734 659,532
Creditors: Amounts Falling Due Within One Year 8 (82,175 ) (71,313 )
NET CURRENT ASSETS (LIABILITIES) 548,559 588,219
TOTAL ASSETS LESS CURRENT LIABILITIES 613,313 650,567
Creditors: Amounts Falling Due After More Than One Year 9 (261,031 ) (329,331 )
NET ASSETS 352,282 321,236
CAPITAL AND RESERVES
Called up share capital 10 300 300
Profit and Loss Account 351,982 320,936
SHAREHOLDERS' FUNDS 352,282 321,236
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
Mr Augustine Ojo
Director
17/12/2025
The notes on pages 3 to 6 form part of these financial statements.
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Page 3
Notes to the Financial Statements
1. General Information
Bright DS LTD is a private company, limited by shares, incorporated in England & Wales, registered number 7533033 . The registered office is Stuart House-East Wing, St. Johns Street, Peterborough, PE1 5DD.
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. Going Concern Disclosure
The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.
2.3. 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.
2.4. 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 the profit and loss account over its estimated economic life of .... years.
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:
Freehold 18% on reducing balance
Plant & Machinery 18% on reducing balance
Fixtures & Fittings 18% on reducing balance
Computer Equipment 18% on reducing balance
2.6. 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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2.7. 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.
2.8.
Trade Creditors
Trade Creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts Payable are classified as current liabilities if the company does not have an unconditional right at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade Debtors
Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.
Cash and cash equivalents
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 8 (2024: 8)
8 8
4. Intangible Assets
Goodwill
£
Cost
As at 1 April 2024 360,000
As at 31 March 2025 360,000
Amortisation
As at 1 April 2024 360,000
As at 31 March 2025 360,000
...CONTINUED
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Net Book Value
As at 31 March 2025 -
As at 1 April 2024 -
5. Tangible Assets
Land & Property
Freehold Plant & Machinery Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 April 2024 218,815 53,630 93,208 48,819 414,472
Additions - 10,308 - 5,777 16,085
As at 31 March 2025 218,815 63,938 93,208 54,596 430,557
Depreciation
As at 1 April 2024 197,172 42,058 74,065 38,829 352,124
Provided during the period 3,896 3,500 3,445 2,838 13,679
As at 31 March 2025 201,068 45,558 77,510 41,667 365,803
Net Book Value
As at 31 March 2025 17,747 18,380 15,698 12,929 64,754
As at 1 April 2024 21,643 11,572 19,143 9,990 62,348
6. Stocks
2025 2024
£ £
Stock 244,211 241,761
Work in progress 26,388 -
270,599 241,761
7. Debtors
2025 2024
£ £
Due within one year
Trade debtors - 30,073
Prepayments and accrued income 8,826 7,326
Other debtors 184,603 184,603
Directors' loan accounts 98,352 114,991
291,781 336,993
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8. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 2 18,465
Corporation tax 47,804 50,273
PAYE creditor 524 2,383
Other creditors 25,387 192
Pension creditor 160 -
Accruals and deferred income 8,298 -
82,175 71,313
9. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Bank loans 261,031 114,636
Other loans - 214,695
261,031 329,331
10. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 300 300
11. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 April 2024 Amounts advanced Amounts repaid Amounts written off As at 31 March 2025
£ £ £ £ £
Mr Augustine Ojo 231,895 - - - -
The above loan is unsecured, interest free and repayable on demand.
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