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 10081219 Mr Stephen Dear Mr Matthew Reilly Miss Millie Stewart James Reilly iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 10081219 2024-03-31 10081219 2025-03-31 10081219 2024-04-01 2025-03-31 10081219 frs-core:CurrentFinancialInstruments 2025-03-31 10081219 frs-core:Non-currentFinancialInstruments 2025-03-31 10081219 frs-core:BetweenOneFiveYears 2025-03-31 10081219 frs-core:ComputerEquipment 2025-03-31 10081219 frs-core:ComputerEquipment 2024-04-01 2025-03-31 10081219 frs-core:ComputerEquipment 2024-03-31 10081219 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2024-04-01 2025-03-31 10081219 frs-core:FurnitureFittings 2025-03-31 10081219 frs-core:FurnitureFittings 2024-04-01 2025-03-31 10081219 frs-core:FurnitureFittings 2024-03-31 10081219 frs-core:MotorVehicles 2025-03-31 10081219 frs-core:MotorVehicles 2024-04-01 2025-03-31 10081219 frs-core:MotorVehicles 2024-03-31 10081219 frs-core:OtherResidualIntangibleAssets 2025-03-31 10081219 frs-core:OtherResidualIntangibleAssets 2024-04-01 2025-03-31 10081219 frs-core:OtherResidualIntangibleAssets 2024-03-31 10081219 frs-core:WithinOneYear 2025-03-31 10081219 frs-core:ShareCapital 2025-03-31 10081219 frs-core:RetainedEarningsAccumulatedLosses 2025-03-31 10081219 frs-bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 10081219 frs-bus:FilletedAccounts 2024-04-01 2025-03-31 10081219 frs-bus:SmallEntities 2024-04-01 2025-03-31 10081219 frs-bus:AuditExempt-NoAccountantsReport 2024-04-01 2025-03-31 10081219 frs-bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 10081219 frs-bus:OrdinaryShareClass1 2024-04-01 2025-03-31 10081219 frs-bus:OrdinaryShareClass1 2025-03-31 10081219 frs-bus:OrdinaryShareClass3 2024-04-01 2025-03-31 10081219 frs-bus:OrdinaryShareClass3 2025-03-31 10081219 frs-bus:OrdinaryShareClass4 2024-04-01 2025-03-31 10081219 frs-bus:OrdinaryShareClass4 2025-03-31 10081219 frs-bus:Director1 2024-04-01 2025-03-31 10081219 frs-bus:Director2 2024-04-01 2025-03-31 10081219 frs-bus:Director3 2024-04-01 2025-03-31 10081219 frs-bus:CompanySecretary1 2024-04-01 2025-03-31 10081219 frs-countries:EnglandWales 2024-04-01 2025-03-31 10081219 2023-03-31 10081219 2024-03-31 10081219 2023-04-01 2024-03-31 10081219 frs-core:CurrentFinancialInstruments 2024-03-31 10081219 frs-core:Non-currentFinancialInstruments 2024-03-31 10081219 frs-core:BetweenOneFiveYears 2024-03-31 10081219 frs-core:WithinOneYear 2024-03-31 10081219 frs-core:ShareCapital 2024-03-31 10081219 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 10081219 frs-bus:OrdinaryShareClass1 2023-04-01 2024-03-31 10081219 frs-bus:OrdinaryShareClass3 2023-04-01 2024-03-31 10081219 frs-bus:OrdinaryShareClass4 2023-04-01 2024-03-31
Registered number: 10081219
Osprey Engineering Solutions Limited
Unaudited Financial Statements
For The Year Ended 31 March 2025
Engage Accountancy Limited
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 10081219
2025 2024
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 6,123 8,309
Tangible Assets 5 51,540 103,709
57,663 112,018
CURRENT ASSETS
Debtors 6 161,594 219,904
Cash at bank and in hand 206,517 427,223
368,111 647,127
Creditors: Amounts Falling Due Within One Year 7 (283,016 ) (333,035 )
NET CURRENT ASSETS (LIABILITIES) 85,095 314,092
TOTAL ASSETS LESS CURRENT LIABILITIES 142,758 426,110
Creditors: Amounts Falling Due After More Than One Year 8 (44,228 ) (105,448 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (12,885 ) (25,927 )
NET ASSETS 85,645 294,735
CAPITAL AND RESERVES
Called up share capital 10 130 130
Profit and Loss Account 85,515 294,605
SHAREHOLDERS' FUNDS 85,645 294,735
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 Matthew Reilly
Director
23/12/2025
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
Osprey Engineering Solutions Limited is a private company, limited by shares, incorporated in England & Wales, registered number 10081219 . The registered office is 27 Barclay Road, Bearwood, Smethwick, West Midlands, B67 5JY.
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 comprises revenue earned from the rendering of services. 
Turnover from the rendering of services is recognised at the time that the company is entitled to receive that consideration.
2.3. Intangible Fixed Assets and Amortisation - Other Intangible
Other intangible assets are amortised to profit and loss account over their estimated economic life of 4 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:
Motor Vehicles 25% straight line
Fixtures & Fittings 20% straight line
Computer Equipment 33% straight line
2.5. Leasing and Hire Purchase Contracts
Assets acquired under hire purchase contracts are depreciated over their useful lives. Interest is charged to profit and loss account over the period of the agreement using the "sum of the digits" method.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
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.
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: 10 (2024: 10)
10 10
Page 3
Page 4
4. Intangible Assets
Other
£
Cost
As at 1 April 2024 8,747
As at 31 March 2025 8,747
Amortisation
As at 1 April 2024 438
Provided during the period 2,186
As at 31 March 2025 2,624
Net Book Value
As at 31 March 2025 6,123
As at 1 April 2024 8,309
5. Tangible Assets
Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 April 2024 179,103 24,386 17,721 221,210
As at 31 March 2025 179,103 24,386 17,721 221,210
Depreciation
As at 1 April 2024 94,889 11,278 11,334 117,501
Provided during the period 44,775 4,688 2,706 52,169
As at 31 March 2025 139,664 15,966 14,040 169,670
Net Book Value
As at 31 March 2025 39,439 8,420 3,681 51,540
As at 1 April 2024 84,214 13,108 6,387 103,709
6. Debtors
2025 2024
£ £
Due within one year
Trade debtors 158,554 216,864
Other debtors 3,040 3,040
161,594 219,904
Page 4
Page 5
7. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Net obligations under finance lease and hire purchase contracts 62,271 20,606
Trade creditors 1,818 4,908
Bank loans and overdrafts 9,333 15,277
Corporation tax 80,367 138,348
Other taxes and social security 18,273 14,743
VAT 95,727 127,393
Other creditors 2,988 1,473
Accruals and deferred income 7,120 7,200
Directors' loan accounts 5,119 3,087
283,016 333,035
8. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Net obligations under finance lease and hire purchase contracts 44,228 105,448
9. Obligations Under Finance Leases and Hire Purchase
2025 2024
£ £
The future minimum finance lease payments are as follows:
Not later than one year 62,271 20,606
Later than one year and not later than five years 44,228 105,448
106,499 126,054
106,499 126,054
10. Share Capital
2025 2024
Allotted, called up and fully paid £ £
100 Ordinary Shares of £ 1.000 each 100 100
15 Ordinary B shares of £ 1.000 each 15 15
15 Ordinary C shares of £ 1.000 each 15 15
130 130
Page 5