Acorah Software Products - Accounts Production 16.3.350 false true 31 March 2024 1 April 2023 false 1 April 2024 31 March 2025 31 March 2025 05306695 Mr Michael Maher Mr Steve Bird Mr Hugo Mills iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 05306695 2024-03-31 05306695 2025-03-31 05306695 2024-04-01 2025-03-31 05306695 frs-core:CurrentFinancialInstruments 2025-03-31 05306695 frs-core:Non-currentFinancialInstruments 2025-03-31 05306695 frs-core:ComputerEquipment 2025-03-31 05306695 frs-core:ComputerEquipment 2024-04-01 2025-03-31 05306695 frs-core:ComputerEquipment 2024-03-31 05306695 frs-core:CopyrightsPatentsTrademarksServiceOperatingRights 2025-03-31 05306695 frs-core:CopyrightsPatentsTrademarksServiceOperatingRights 2024-04-01 2025-03-31 05306695 frs-core:CopyrightsPatentsTrademarksServiceOperatingRights 2024-03-31 05306695 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2025-03-31 05306695 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2024-04-01 2025-03-31 05306695 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2024-03-31 05306695 frs-core:FurnitureFittings 2025-03-31 05306695 frs-core:FurnitureFittings 2024-04-01 2025-03-31 05306695 frs-core:FurnitureFittings 2024-03-31 05306695 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2025-03-31 05306695 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-04-01 2025-03-31 05306695 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-03-31 05306695 frs-core:MotorVehicles 2025-03-31 05306695 frs-core:MotorVehicles 2024-04-01 2025-03-31 05306695 frs-core:MotorVehicles 2024-03-31 05306695 frs-core:PlantMachinery 2025-03-31 05306695 frs-core:PlantMachinery 2024-04-01 2025-03-31 05306695 frs-core:PlantMachinery 2024-03-31 05306695 frs-core:RevaluationReserve 2024-03-31 05306695 frs-core:RevaluationReserve 2025-03-31 05306695 frs-core:SharePremium 2025-03-31 05306695 frs-core:ShareCapital 2025-03-31 05306695 frs-core:RetainedEarningsAccumulatedLosses 2025-03-31 05306695 frs-bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 05306695 frs-bus:FilletedAccounts 2024-04-01 2025-03-31 05306695 frs-bus:SmallEntities 2024-04-01 2025-03-31 05306695 frs-bus:AuditExempt-NoAccountantsReport 2024-04-01 2025-03-31 05306695 frs-bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 05306695 frs-bus:Director1 2024-04-01 2025-03-31 05306695 frs-bus:Director2 2024-04-01 2025-03-31 05306695 frs-bus:Director3 2024-04-01 2025-03-31 05306695 frs-countries:EnglandWales 2024-04-01 2025-03-31 05306695 2023-03-31 05306695 2024-03-31 05306695 2023-04-01 2024-03-31 05306695 frs-core:CurrentFinancialInstruments 2024-03-31 05306695 frs-core:Non-currentFinancialInstruments 2024-03-31 05306695 frs-core:RevaluationReserve 2024-03-31 05306695 frs-core:SharePremium 2024-03-31 05306695 frs-core:ShareCapital 2024-03-31 05306695 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31
Registered number: 05306695
Turftrax Limited
Unaudited Financial Statements
For The Year Ended 31 March 2025
AJS Accountants Ltd
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 05306695
2025 2024
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 294,004 286,874
Tangible Assets 5 1,719 4,600
295,723 291,474
CURRENT ASSETS
Stocks 6 71,158 76,960
Debtors 7 118,869 130,852
Cash at bank and in hand 53,102 32,370
243,129 240,182
Creditors: Amounts Falling Due Within One Year 8 (225,937 ) (206,588 )
NET CURRENT ASSETS (LIABILITIES) 17,192 33,594
TOTAL ASSETS LESS CURRENT LIABILITIES 312,915 325,068
Creditors: Amounts Falling Due After More Than One Year 9 (256,182 ) (271,914 )
NET ASSETS 56,733 53,154
CAPITAL AND RESERVES
Called up share capital 10 2,494 2,494
Share premium account 50,084 50,084
Revaluation reserve 11 128,098 128,098
Profit and Loss Account (123,943 ) (127,522 )
SHAREHOLDERS' FUNDS 56,733 53,154
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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 Michael Maher
Director
23 December 2025
The notes on pages 3 to 6 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Turftrax Limited is a private company, limited by shares, incorporated in England & Wales, registered number 05306695 . The registered office is Unit 1b Jimea House, Allington Road, St Neots, Cambrifgeshire, PE19 6WL.
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. 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 to over their expected useful economic lives.
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.
2.4. Intangible Fixed Assets and Amortisation - Intellectual Property
Intellectual property assets are amortised to the profit and loss account over its estimated economic life.
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:
Leasehold Revaluation
Plant & Machinery 4 years straight line
Motor Vehicles 4 years straight line
Fixtures & Fittings 4 years straight line
Computer Equipment 3 years straight line
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.
2.7. 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.
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2.8. 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: 5 (2024: 5)
5 5
4. Intangible Assets
Development Costs Intellectual Property Total
£ £ £
Cost
As at 1 April 2024 198,973 103,431 302,404
Additions 12,130 - 12,130
As at 31 March 2025 211,103 103,431 314,534
Amortisation
As at 1 April 2024 - 15,530 15,530
Provided during the period - 5,000 5,000
As at 31 March 2025 - 20,530 20,530
Net Book Value
As at 31 March 2025 211,103 82,901 294,004
As at 1 April 2024 198,973 87,901 286,874
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5. Tangible Assets
Land & Property
Leasehold Plant & Machinery Motor Vehicles Fixtures & Fittings
£ £ £ £
Cost
As at 1 April 2024 143,331 6,521 39,990 6,577
As at 31 March 2025 143,331 6,521 39,990 6,577
Depreciation
As at 1 April 2024 143,331 5,579 39,990 6,577
Provided during the period - - - -
As at 31 March 2025 143,331 5,579 39,990 6,577
Net Book Value
As at 31 March 2025 - 942 - -
As at 1 April 2024 - 942 - -
Computer Equipment Total
£ £
Cost
As at 1 April 2024 48,470 244,889
As at 31 March 2025 48,470 244,889
Depreciation
As at 1 April 2024 44,812 240,289
Provided during the period 2,881 2,881
As at 31 March 2025 47,693 243,170
Net Book Value
As at 31 March 2025 777 1,719
As at 1 April 2024 3,658 4,600
6. Stocks
2025 2024
£ £
Materials 71,158 76,960
7. Debtors
2025 2024
£ £
Due within one year
Trade debtors 106,846 100,468
Prepayments and accrued income 12,023 24,346
VAT - 6,038
118,869 130,852
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8. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 41,014 18,894
Bank loans and overdrafts 10,648 8,452
Corporation tax 3,390 1,173
Other taxes and social security 4,398 3,260
VAT 5,479 -
Other creditors 3,210 521
Accruals and deferred income 157,798 174,288
225,937 206,588
9. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Bank loans 1,559 14,291
Directors loan account 254,623 257,623
256,182 271,914
10. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 2,494 2,494
11. Reserves
Revaluation Reserve
£
As at 1 April 2024 128,098
As at 31 March 2025 128,098
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