Acorah Software Products - Accounts Production 16.7.461 false true true 31 March 2024 1 April 2023 false 1 April 2024 31 March 2025 31 March 2025 04509301 Mr B T Gladstone Mr J D Holloway Mr N M Mlinaric Mr J W Pemberton Mr L F Pepere Mr J W Pemberton true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 04509301 2024-03-31 04509301 2025-03-31 04509301 2024-04-01 2025-03-31 04509301 frs-core:CurrentFinancialInstruments 2025-03-31 04509301 frs-core:Non-currentFinancialInstruments 2025-03-31 04509301 frs-core:BetweenOneFiveYears 2025-03-31 04509301 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2025-03-31 04509301 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-04-01 2025-03-31 04509301 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-03-31 04509301 frs-core:MoreThanFiveYears 2025-03-31 04509301 frs-core:PlantMachinery 2025-03-31 04509301 frs-core:PlantMachinery 2024-04-01 2025-03-31 04509301 frs-core:PlantMachinery 2024-03-31 04509301 frs-core:WithinOneYear 2025-03-31 04509301 frs-core:SharePremium 2025-03-31 04509301 frs-core:ShareCapital 2025-03-31 04509301 frs-core:RetainedEarningsAccumulatedLosses 2025-03-31 04509301 frs-bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 04509301 frs-bus:FilletedAccounts 2024-04-01 2025-03-31 04509301 frs-bus:SmallEntities 2024-04-01 2025-03-31 04509301 frs-bus:AuditExempt-NoAccountantsReport 2024-04-01 2025-03-31 04509301 frs-bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 04509301 1 2024-04-01 2025-03-31 04509301 frs-core:CostValuation 2024-03-31 04509301 frs-core:CostValuation 2025-03-31 04509301 frs-core:ProvisionsForImpairmentInvestments 2024-03-31 04509301 frs-core:ProvisionsForImpairmentInvestments 2025-03-31 04509301 frs-bus:Director1 2024-04-01 2025-03-31 04509301 frs-bus:Director2 2024-04-01 2025-03-31 04509301 frs-bus:Director3 2024-04-01 2025-03-31 04509301 frs-bus:Director4 2024-04-01 2025-03-31 04509301 frs-bus:Director5 2024-04-01 2025-03-31 04509301 frs-bus:CompanySecretary1 2024-04-01 2025-03-31 04509301 frs-countries:EnglandWales 2024-04-01 2025-03-31 04509301 2023-03-31 04509301 2024-03-31 04509301 2023-04-01 2024-03-31 04509301 frs-core:CurrentFinancialInstruments 2024-03-31 04509301 frs-core:Non-currentFinancialInstruments 2024-03-31 04509301 frs-core:BetweenOneFiveYears 2024-03-31 04509301 frs-core:MoreThanFiveYears 2024-03-31 04509301 frs-core:WithinOneYear 2024-03-31 04509301 frs-core:SharePremium 2024-03-31 04509301 frs-core:ShareCapital 2024-03-31 04509301 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31
Registered number: 04509301
Conosco Limited
Unaudited Financial Statements
For The Year Ended 31 March 2025
One Bean Limited
Chartered Accountants
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—7
Page 1
Balance Sheet
Registered number: 04509301
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 18,946 20,185
Investments 5 422 422
19,368 20,607
CURRENT ASSETS
Stocks 6 43,230 22,386
Debtors 7 2,230,261 2,250,319
Cash at bank and in hand 100,387 216,513
2,373,878 2,489,218
Creditors: Amounts Falling Due Within One Year 8 (2,228,561 ) (2,890,471 )
NET CURRENT ASSETS (LIABILITIES) 145,317 (401,253 )
TOTAL ASSETS LESS CURRENT LIABILITIES 164,685 (380,646 )
Creditors: Amounts Falling Due After More Than One Year 9 (930,201 ) (197,002 )
NET LIABILITIES (765,516 ) (577,648 )
CAPITAL AND RESERVES
Called up share capital 10 1,000 1,000
Share premium account 62,151 62,151
Profit and Loss Account (828,667 ) (640,799 )
SHAREHOLDERS' FUNDS (765,516) (577,648)
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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 N M Mlinaric
Director
24 December 2025
The notes on pages 3 to 7 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Conosco Limited is a private company, limited by shares, incorporated in England & Wales, registered number 04509301 . The registered office is The Plaza, 535 Kings Road, London, SW10 0SZ.
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
Total liabilities exceed current assets at the balance sheet date. The directors consider that the company has sufficient liquid assets to meet its liabilities as and when they fall due and that the company has the backing of the shareholders which is forecast to continue for the next 12 months and beyond. Accordingly, the directors consider that it is appropriate to prepare the accounts on a going concern basis.
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. 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 10% on cost
Plant & Machinery 20% - 33% on cost
2.5. 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.
2.6. 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. Financial Instruments
The Company only enters into basic financial instruments and transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors and loans to and from related parties.
(i) Financial assets
Basic financial assets, including trade and other debtors, and amounts due from related companies, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.
(ii) Financial liabilities
Basic financial liabilities, including trade and other creditors and accruals, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest.
2.8. 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.
2.9. 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.
2.10. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
2.11. Investments
Investments in subsidiaries are measured at cost less accumulated impairment.
2.12. Provisions for liabilities
Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
Increases in provisions are generally charged as an expense to profit or loss.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 28 (2024: 30)
28 30
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4. Tangible Assets
Land & Property
Leasehold Plant & Machinery Total
£ £ £
Cost
As at 1 April 2024 140,940 42,926 183,866
Additions - 10,424 10,424
Disposals - (143 ) (143 )
As at 31 March 2025 140,940 53,207 194,147
Depreciation
As at 1 April 2024 140,940 22,741 163,681
Provided during the period - 11,663 11,663
Disposals - (143 ) (143 )
As at 31 March 2025 140,940 34,261 175,201
Net Book Value
As at 31 March 2025 - 18,946 18,946
As at 1 April 2024 - 20,185 20,185
5. Investments
Subsidiaries
£
Cost or Valuation
As at 1 April 2024 422
As at 31 March 2025 422
Provision
As at 1 April 2024 -
As at 31 March 2025 -
Net Book Value
As at 31 March 2025 422
As at 1 April 2024 422
6. Stocks
2025 2024
£ £
Stock 6,700 22,386
Work in progress 36,530 -
43,230 22,386
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7. Debtors
2025 2024
£ £
Due within one year
Trade debtors 1,094,886 1,093,800
Amounts owed by group undertakings 24,363 24,363
Other debtors 465,659 1,020,481
1,584,908 2,138,644
Due after more than one year
Other debtors 645,353 111,675
2,230,261 2,250,319
8. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 981,683 981,807
Bank loans and overdrafts 90,910 92,132
Amounts owed to group undertakings 1,101 1,101
Other creditors 770,813 1,567,950
Taxation and social security 384,054 247,481
2,228,561 2,890,471
A number of directors have personally guaranteed for the Company, an overdraft facility of £75,000. The overdraft and bank loans are secured by a fixed and floating charge over the assets of the Company as well as a cross guarantee with Conosco Property Partnership LLP which is a related party by virtue of shared ownership.
9. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Bank loans 30,341 121,478
Other creditors 899,860 75,524
930,201 197,002
10. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 1,000 1,000
11. Other Commitments
The total of future minimum lease payments under non-cancellable operating leases are as following:
2025 2024
£ £
Not later than one year 107,732 100,000
Later than one year and not later than five years 400,000 400,000
Later than five years 333,333 433,333
841,065 933,333
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12. Related Party Transactions
Included within other creditors is a balance of £nil (2024: £1,814) owed to the directors. This balance is unsecured and interest free, with no fixed repayment terms.
During the year, a subsidiary of the Company charged subcontractor fees of £1,707,934 (2024: £1,515,545).
13. Ultimate Parent Undertaking and Controlling Party
The company's immediate and ultimate parent undertaking is Conosco Group Limited . Conosco Group Limited was incorporated in England and Wales and registered at The Plaza, 535 Kings Road, London, SW10 0SZ. 
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