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 09882680 Mr Christopher Kmiec Ms Margaret Morton iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 09882680 2024-03-31 09882680 2025-03-31 09882680 2024-04-01 2025-03-31 09882680 frs-core:CurrentFinancialInstruments 2025-03-31 09882680 frs-core:Non-currentFinancialInstruments 2025-03-31 09882680 frs-core:FurnitureFittings 2025-03-31 09882680 frs-core:FurnitureFittings 2024-04-01 2025-03-31 09882680 frs-core:FurnitureFittings 2024-03-31 09882680 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2025-03-31 09882680 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-04-01 2025-03-31 09882680 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-03-31 09882680 frs-core:MotorVehicles 2025-03-31 09882680 frs-core:MotorVehicles 2024-04-01 2025-03-31 09882680 frs-core:MotorVehicles 2024-03-31 09882680 frs-core:ShareCapital 2025-03-31 09882680 frs-core:RetainedEarningsAccumulatedLosses 2025-03-31 09882680 frs-bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 09882680 frs-bus:FilletedAccounts 2024-04-01 2025-03-31 09882680 frs-bus:SmallEntities 2024-04-01 2025-03-31 09882680 frs-bus:AuditExempt-NoAccountantsReport 2024-04-01 2025-03-31 09882680 frs-bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 09882680 frs-bus:Director1 2024-04-01 2025-03-31 09882680 frs-bus:Director2 2024-04-01 2025-03-31 09882680 frs-core:CurrentFinancialInstruments 1 2025-03-31 09882680 frs-core:CurrentFinancialInstruments 2 2025-03-31 09882680 frs-countries:EnglandWales 2024-04-01 2025-03-31 09882680 2023-03-31 09882680 2024-03-31 09882680 2023-04-01 2024-03-31 09882680 frs-core:CurrentFinancialInstruments 2024-03-31 09882680 frs-core:Non-currentFinancialInstruments 2024-03-31 09882680 frs-core:ShareCapital 2024-03-31 09882680 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 09882680 frs-core:CurrentFinancialInstruments 1 2024-03-31 09882680 frs-core:CurrentFinancialInstruments 2 2024-03-31
Registered number: 09882680
Audiotek Ltd
Financial Statements
For The Year Ended 31 March 2025
Sloane & Co. LLP
Chartered Certified Accountants & Business Advisors
Office 015
30 Great Guildford Street
Borough, London
SE1 0HS
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 09882680
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 254,999 223,167
254,999 223,167
CURRENT ASSETS
Stocks 5 51,300 48,950
Debtors 6 734,686 449,538
Cash at bank and in hand 414,946 437,365
1,200,932 935,853
Creditors: Amounts Falling Due Within One Year 7 (381,026 ) (412,960 )
NET CURRENT ASSETS (LIABILITIES) 819,906 522,893
TOTAL ASSETS LESS CURRENT LIABILITIES 1,074,905 746,060
Creditors: Amounts Falling Due After More Than One Year 8 (98,624 ) (112,406 )
NET ASSETS 976,281 633,654
CAPITAL AND RESERVES
Called up share capital 9 4 4
Profit and Loss Account 976,277 633,650
SHAREHOLDERS' FUNDS 976,281 633,654
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 Christopher Kmiec
Director
15 December 2025
The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Audiotek Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 09882680 . The registered office is Unit 3 Horseshoe Park, Pangbourne, Reading, RG8 7JW.
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:
Leasehold 25% Straight Line Method
Motor Vehicles 25% Straight Line Method
Fixtures & Fittings 25% Straight Line Method
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.
2.5. 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.
Page 3
Page 4
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 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: 5 (2024: 6)
5 6
4. Tangible Assets
Land & Property
Leasehold Motor Vehicles Fixtures & Fittings Total
£ £ £ £
Cost
As at 1 April 2024 220,000 15,902 21,457 257,359
Additions - 41,421 573 41,994
Disposals - (15,902 ) - (15,902 )
As at 31 March 2025 220,000 41,421 22,030 283,451
Depreciation
As at 1 April 2024 - 15,902 18,290 34,192
Provided during the period - 7,263 2,899 10,162
Disposals - (15,902 ) - (15,902 )
As at 31 March 2025 - 7,263 21,189 28,452
...CONTINUED
Page 4
Page 5
Net Book Value
As at 31 March 2025 220,000 34,158 841 254,999
As at 1 April 2024 220,000 - 3,167 223,167
5. Stocks
2025 2024
£ £
Materials 51,300 48,950
6. Debtors
2025 2024
£ £
Due within one year
Trade debtors 608,841 340,800
Rent deposit 833 833
Inter-Company Loan Taylorleds UK 13,707 -
Other debtors (2) 3,400 -
Amounts owed by group undertakings 107,905 107,905
734,686 449,538
7. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 65,513 140,145
Bank loans and overdrafts 10,000 10,573
Other loans- Mortgage Loan 13,720 14,256
Corporation tax 103,746 120,355
Other taxes and social security 7,124 8,080
VAT 94,075 33,283
Pension fund 1,091 1,052
Pleo Pocket - 380
Accruals and deferred income 83,824 83,824
Directors' loan accounts 1,933 1,012
381,026 412,960
Page 5
Page 6
8. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Bank loans - BBL Barclays (>12 months) 7,501 16,927
Mortgage -Barclays 91,123 95,479
98,624 112,406
9. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 4 4
Page 6