Acorah Software Products - Accounts Production 16.8.200 false true true 31 March 2024 1 April 2023 false 1 April 2024 31 March 2025 31 March 2025 05615363 Mr Andrew Southgate iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 05615363 2024-03-31 05615363 2025-03-31 05615363 2024-04-01 2025-03-31 05615363 frs-core:CurrentFinancialInstruments 2025-03-31 05615363 frs-core:Non-currentFinancialInstruments 2025-03-31 05615363 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2024-04-01 2025-03-31 05615363 frs-core:MotorVehicles 2025-03-31 05615363 frs-core:MotorVehicles 2024-04-01 2025-03-31 05615363 frs-core:MotorVehicles 2024-03-31 05615363 frs-core:OtherResidualIntangibleAssets 2025-03-31 05615363 frs-core:OtherResidualIntangibleAssets 2024-04-01 2025-03-31 05615363 frs-core:OtherResidualIntangibleAssets 2024-03-31 05615363 frs-core:PlantMachinery 2025-03-31 05615363 frs-core:PlantMachinery 2024-04-01 2025-03-31 05615363 frs-core:PlantMachinery 2024-03-31 05615363 frs-core:WithinOneYear 2025-03-31 05615363 frs-core:ShareCapital 2025-03-31 05615363 frs-core:RetainedEarningsAccumulatedLosses 2025-03-31 05615363 frs-bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 05615363 frs-bus:FilletedAccounts 2024-04-01 2025-03-31 05615363 frs-bus:SmallEntities 2024-04-01 2025-03-31 05615363 frs-bus:AuditExempt-NoAccountantsReport 2024-04-01 2025-03-31 05615363 frs-bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 05615363 frs-bus:Director1 2024-04-01 2025-03-31 05615363 frs-bus:Director1 2024-03-31 05615363 frs-bus:Director1 2025-03-31 05615363 frs-countries:EnglandWales 2024-04-01 2025-03-31 05615363 2023-03-31 05615363 2024-03-31 05615363 2023-04-01 2024-03-31 05615363 frs-core:CurrentFinancialInstruments 2024-03-31 05615363 frs-core:Non-currentFinancialInstruments 2024-03-31 05615363 frs-core:WithinOneYear 2024-03-31 05615363 frs-core:ShareCapital 2024-03-31 05615363 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31
Registered number: 05615363
Debenvale Limited
Unaudited Financial Statements
For The Year Ended 31 March 2025
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 05615363
2025 2024
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 - 417
Tangible Assets 5 10,971 14,591
10,971 15,008
CURRENT ASSETS
Stocks 6 241,240 475,347
Debtors 7 258,357 330,869
499,597 806,216
Creditors: Amounts Falling Due Within One Year 8 (569,495 ) (731,640 )
NET CURRENT ASSETS (LIABILITIES) (69,898 ) 74,576
TOTAL ASSETS LESS CURRENT LIABILITIES (58,927 ) 89,584
Creditors: Amounts Falling Due After More Than One Year 9 (196,753 ) (107,358 )
PROVISIONS FOR LIABILITIES
Deferred Taxation - (2,694 )
NET LIABILITIES (255,680 ) (20,468 )
CAPITAL AND RESERVES
Called up share capital 11 100 100
Profit and Loss Account (255,780 ) (20,568 )
SHAREHOLDERS' FUNDS (255,680) (20,468)
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 member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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 Andrew Southgate
Director
16th 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
Debenvale Limited is a private company, limited by shares, incorporated in England & Wales, registered number 05615363 . The registered office is The Granary, Rendlesham Mews Rendlesham, Woodbridge, Suffolk, IP12 2SZ.
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
The financial statements have been prepared on a going concern basis. Subsequent to the year end, the directors have entered into discussions with an insolvency practitioner regarding potential liquidation of the company. These circumstances indicate the existence of a material uncertainty that may cast significant doubt on the company’s ability to continue as a going concern. The financial statements do not include any adjustments that would be necessary if the company were unable to continue trading.
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. Intangible Fixed Assets and Amortisation - Other Intangible
Other intangible assets is a website design. It is amortised to the profit and loss account over its estimated economic life of 4 years.
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 25% Reducing balance
Motor Vehicles 25% Reducing balance
2.6. 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.
2.7. 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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2.8. 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: 6 (2024: 8)
6 8
4. Intangible Assets
Other
£
Cost
As at 1 April 2024 2,500
As at 31 March 2025 2,500
Amortisation
As at 1 April 2024 2,083
Provided during the period 417
As at 31 March 2025 2,500
Net Book Value
As at 31 March 2025 -
As at 1 April 2024 417
5. Tangible Assets
Plant & Machinery Motor Vehicles Total
£ £ £
Cost
As at 1 April 2024 14,907 57,465 72,372
As at 31 March 2025 14,907 57,465 72,372
Depreciation
As at 1 April 2024 13,608 44,173 57,781
Provided during the period 297 3,323 3,620
As at 31 March 2025 13,905 47,496 61,401
...CONTINUED
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Net Book Value
As at 31 March 2025 1,002 9,969 10,971
As at 1 April 2024 1,299 13,292 14,591
6. Stocks
2025 2024
£ £
Stock 91,240 91,240
Work in progress 150,000 384,107
241,240 475,347
7. Debtors
2025 2024
£ £
Due within one year
Trade debtors 7,526 36,892
Other debtors 250,831 293,977
258,357 330,869
Included in other debtors is an amount owed from Debenvale of Woodbridge Ltd, a company under common control, of £151,007 (2024: £159,091).This loan is interest free and repayable upon demand.
8. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Net obligations under finance lease and hire purchase contracts - 4,602
Trade creditors 90,385 149,091
Bank loans and overdrafts 162,094 138,843
Other creditors 120,138 277,881
Taxation and social security 196,878 161,223
569,495 731,640
9. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Bank loans 196,753 107,358
10. Obligations Under Finance Leases and Hire Purchase
2025 2024
£ £
The future minimum finance lease payments are as follows:
Not later than one year - 4,602
11. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 100 100
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12. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 April 2024 Amounts advanced Amounts repaid Amounts written off As at 31 March 2025
£ £ £ £ £
Mr Andrew Southgate 101,363 71,342 (97,988 ) - 74,717
The above loan is unsecured, interest free and repayable on demand.
13. Post Balance Sheet Events
After the reporting date, the directors commenced discussions with an insolvency practitioner regarding the possible liquidation of the company. No adjustments have been made to these financial statements as the event occurred after the reporting date.
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