Acorah Software Products - Accounts Production 16.8.200 false true 31 March 2024 1 May 2023 false 24 December 2025 1 April 2024 31 March 2025 31 March 2025 08495672 Mr P J Morey Mr J W Howard Mr R J Martin Mr J P Mindermann iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 08495672 2024-03-31 08495672 2025-03-31 08495672 2024-04-01 2025-03-31 08495672 frs-core:CurrentFinancialInstruments 2025-03-31 08495672 frs-core:Non-currentFinancialInstruments 2025-03-31 08495672 frs-core:BetweenOneFiveYears 2025-03-31 08495672 frs-core:ComputerEquipment 2025-03-31 08495672 frs-core:ComputerEquipment 2024-04-01 2025-03-31 08495672 frs-core:ComputerEquipment 2024-03-31 08495672 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2025-03-31 08495672 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2024-04-01 2025-03-31 08495672 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2024-03-31 08495672 frs-core:FurnitureFittings 2025-03-31 08495672 frs-core:FurnitureFittings 2024-04-01 2025-03-31 08495672 frs-core:FurnitureFittings 2024-03-31 08495672 frs-core:MotorVehicles 2025-03-31 08495672 frs-core:MotorVehicles 2024-04-01 2025-03-31 08495672 frs-core:MotorVehicles 2024-03-31 08495672 frs-core:OtherResidualIntangibleAssets 2025-03-31 08495672 frs-core:OtherResidualIntangibleAssets 2024-04-01 2025-03-31 08495672 frs-core:OtherResidualIntangibleAssets 2024-03-31 08495672 frs-core:PlantMachinery 2025-03-31 08495672 frs-core:PlantMachinery 2024-04-01 2025-03-31 08495672 frs-core:PlantMachinery 2024-03-31 08495672 frs-core:WithinOneYear 2025-03-31 08495672 frs-core:ShareCapital 2025-03-31 08495672 frs-core:RetainedEarningsAccumulatedLosses 2025-03-31 08495672 frs-bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 08495672 frs-bus:FilletedAccounts 2024-04-01 2025-03-31 08495672 frs-bus:SmallEntities 2024-04-01 2025-03-31 08495672 frs-bus:Audited 2024-04-01 2025-03-31 08495672 frs-bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 08495672 frs-core:CostValuation 2024-03-31 08495672 frs-core:AdditionsToInvestments 2025-03-31 08495672 frs-core:CostValuation 2025-03-31 08495672 frs-core:ProvisionsForImpairmentInvestments 2024-03-31 08495672 frs-core:ProvisionsForImpairmentInvestments 2025-03-31 08495672 frs-bus:Director1 2024-04-01 2025-03-31 08495672 frs-bus:Director2 2024-04-01 2025-03-31 08495672 frs-bus:Director3 2024-04-01 2025-03-31 08495672 frs-bus:Director4 2024-04-01 2025-03-31 08495672 frs-countries:EnglandWales 2024-04-01 2025-03-31 08495672 frs-core:Subsidiary1 2024-04-01 2025-03-31 08495672 frs-core:Subsidiary1 1 2024-04-01 2025-03-31 08495672 2023-04-30 08495672 2024-03-31 08495672 2023-05-01 2024-03-31 08495672 frs-core:CurrentFinancialInstruments 2024-03-31 08495672 frs-core:Non-currentFinancialInstruments 2024-03-31 08495672 frs-core:BetweenOneFiveYears 2024-03-31 08495672 frs-core:MoreThanFiveYears 2024-03-31 08495672 frs-core:WithinOneYear 2024-03-31 08495672 frs-core:ShareCapital 2024-03-31 08495672 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31
Registered number: 08495672
Herschel Infrared Ltd
Financial Statements
For The Year Ended 31 March 2025
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—9
Page 1
Balance Sheet
Registered number: 08495672
31 March 2025 31 March 2024
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 146,477 60,349
Tangible Assets 5 848,645 926,069
Investments 6 60 -
995,182 986,418
CURRENT ASSETS
Stocks 7 1,504,148 1,949,225
Debtors 8 938,958 815,937
Investments 9 1,229,338 -
Cash at bank and in hand 997,897 1,811,738
4,670,341 4,576,900
Creditors: Amounts Falling Due Within One Year 10 (1,325,871 ) (1,285,214 )
NET CURRENT ASSETS (LIABILITIES) 3,344,470 3,291,686
TOTAL ASSETS LESS CURRENT LIABILITIES 4,339,652 4,278,104
Creditors: Amounts Falling Due After More Than One Year 11 (339,103 ) (461,931 )
PROVISIONS FOR LIABILITIES
Provisions For Charges (143,786 ) (225,161 )
Deferred Taxation (192,694 ) (245,038 )
NET ASSETS 3,664,069 3,345,974
CAPITAL AND RESERVES
Called up share capital 13 500,000 500,000
Profit and Loss Account 3,164,069 2,845,974
SHAREHOLDERS' FUNDS 3,664,069 3,345,974
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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 P J Morey
Director
24 December 2025
The notes on pages 3 to 9 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Herschel Infrared Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 08495672 . The registered office is Unit 6a Boundary Road, Access 18, Avonmouth, BS11 8AZ.
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. Turnover is reduced for 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.
2.3. Intangible Fixed Assets and Amortisation - Other Intangible
Intangible assets are Software, Trademarks and Other Intangible assets. They are amortised to the profit and loss account over their estimated economic life of 5 years.
2.4. Research and Development
In the research phase of an internal project it is not possible to demonstrate that the project will generate future economic benefits and hence all expenditure on research is recognised as an expense when it is incurred. Intangible assets are recognised from the development phase of a project if and only if certain specific criteria are met in order to demonstrate the asset will generate probable future economic benefits and that its cost can be reliably measured. The capitalised development costs are subsequently amortised on a straight line basis over their expected useful economic lives of 5 years.
If it is not possible to distinguish between the research phase and the development phase of an internal project the expenditure is treated as if it were all incurred in the research phase only.
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:
Plant & Machinery 10-25% straight line
Motor Vehicles 25% straight line
Fixtures & Fittings 25-33% straight line
2.6. Investments
Investments in subsidiaries are measured at cost less accumulated impairment.  The carrying value of investments in subsidiaries is reviewed for impairment when events or changes in circumstances indicate the carrying value may not be recoverable.
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2.7. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.
2.8. 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.
2.9. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
2.10. 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: 38 (2024: 34)
38 34
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4. Intangible Assets
Patents & Trademarks Assets under construction Total
£ £ £
Cost
As at 1 April 2024 202,028 - 202,028
Additions - 108,656 108,656
As at 31 March 2025 202,028 108,656 310,684
Amortisation
As at 1 April 2024 141,679 - 141,679
Provided during the period 22,528 - 22,528
As at 31 March 2025 164,207 - 164,207
Net Book Value
As at 31 March 2025 37,821 108,656 146,477
As at 1 April 2024 60,349 - 60,349
5. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Assets under construction Total
£ £ £ £ £
Cost
As at 1 April 2024 791,706 175,084 253,199 - 1,219,989
Additions 3,090 46,875 29,879 39,522 119,366
As at 31 March 2025 794,796 221,959 283,078 39,522 1,339,355
Depreciation
As at 1 April 2024 103,478 48,911 141,531 - 293,920
Provided during the period 94,681 43,435 58,674 - 196,790
As at 31 March 2025 198,159 92,346 200,205 - 490,710
Net Book Value
As at 31 March 2025 596,637 129,613 82,873 39,522 848,645
As at 1 April 2024 688,228 126,173 111,668 - 926,069
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6. Investments
Subsidiaries
£
Cost or Valuation
As at 1 April 2024 -
Additions 60
As at 31 March 2025 60
Provision
As at 1 April 2024 -
As at 31 March 2025 -
Net Book Value
As at 31 March 2025 60
As at 1 April 2024 -
Subsidiaries
Details of the company's subsidiaries as at 31 March 2025 are as follows:
Name of undertaking Registered Office Class of shares held Direct holding Indirect holding
Interled Lighting Ltd 19 Bentley Court, Finedon Road Industrial Estate, Wellingborough, NN8 4BQ Ordinary 51.00% 51.00%
7. Stocks
31 March 2025 31 March 2024
£ £
Stock 1,504,148 1,949,225
8. Debtors
31 March 2025 31 March 2024
£ £
Due within one year
Trade debtors 471,239 415,295
Prepayments and accrued income 93,928 90,978
Other debtors 158,562 176,403
Related party debtors 174,094 80,236
897,823 762,912
...CONTINUED
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Due after more than one year
Trade debtors 7,711 21,895
Other debtors 33,424 31,130
41,135 53,025
938,958 815,937
Included within related party debtors are the following amounts which unsecured and repayable on demand:
- £45,355 due from a director (2024: £33,555),
- £74,940 due from Interled Lighting Ltd (2024: £Nil), a company controlled by the entity,
- £53,679 due from a director (2024: £46,681) on which interest is charged at a market rate.
9. Current Asset Investments
31 March 2025 31 March 2024
£ £
Short term deposits 1,229,338 -
10. Creditors: Amounts Falling Due Within One Year
31 March 2025 31 March 2024
£ £
Net obligations under finance lease and hire purchase contracts 78,131 72,705
Trade creditors 136,125 135,115
Amounts owed to participating interests 232,294 236,716
Other creditors 373,340 360,922
Taxation and social security 505,981 479,756
1,325,871 1,285,214
Amounts owed to participating interest in both 2025 and 2024 consist solely of amounts owed to the company's parent company.
11. Creditors: Amounts Falling Due After More Than One Year
31 March 2025 31 March 2024
£ £
Net obligations under finance lease and hire purchase contracts 321,127 399,258
Other creditors 17,976 62,673
339,103 461,931
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12. Obligations Under Finance Leases and Hire Purchase
31 March 2025 31 March 2024
£ £
The future minimum finance lease payments are as follows:
Not later than one year 104,643 72,705
Later than one year and not later than five years 369,801 316,402
Later than five years - 82,856
474,444 471,963
Less: Finance charges allocated to future periods 75,186 -
399,258 471,963
13. Share Capital
31 March 2025 31 March 2024
£ £
Allotted, Called up and fully paid 500,000 500,000
14. Other Commitments
The total of future minimum lease payments under non-cancellable operating leases are as following:
31 March 2025 31 March 2024
£ £
Not later than one year 196,319 196,319
Later than one year and not later than five years 196,098 400,584
392,417 596,903
15. FRC's Ethical Standard - Provision Available for Small Entities
In common with other businesses of our size and nature we use our auditors to prepare and submit returns to the tax authorities and assist with the preparation of the financial statements.
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16. Audit Information
The auditor's report on the accounts of Herschel Infrared Ltd for the year ended 31 March 2025 was qualified.
The basis of qualification in the auditor's report was as follows:
At our observation of the counting of physical inventories at the end of the accounting period, significant variances were identified. We were unable to satisfy ourselves by alternative means concerning the inventory quantities held at 31st March 2025, which are included in the balance sheet at £1,504,148, by using other audit procedures. Consequently, we were unable to determine whether any adjustment to this amount was necessary.
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and the provisions available for small entities, in the circumstances set out in note 15 to the financial statements and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.
The matters required to report by exception are stated below:
Arising solely from the limitation of scope of our work relating to physical inventory referred to above:
  • we have not obtained all the information and explanations that we considered necessary for the purpose of our audit;
  • we were unable to determine whether adequate accounting records have been kept.
The auditor's report was signed by David Alan Oakensen FCA (Senior Statutory Auditor) for and on behalf of Oakensen (Bristol) Limited , Statutory Auditor.
Oakensen (Bristol) Limited
Westbury Court
Church Road
Westbury-on-Trym
Bristol
BS9 3EF
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