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 07487816 Mr Peter Lagesse Mr Robert Morris Mr Douglas Watson Mr Peter Lagesse iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 07487816 2024-03-31 07487816 2025-03-31 07487816 2024-04-01 2025-03-31 07487816 frs-core:CurrentFinancialInstruments 2025-03-31 07487816 frs-core:Non-currentFinancialInstruments 2025-03-31 07487816 frs-core:ComputerEquipment 2024-04-01 2025-03-31 07487816 frs-core:FurnitureFittings 2024-04-01 2025-03-31 07487816 frs-core:OtherResidualIntangibleAssets 2025-03-31 07487816 frs-core:OtherResidualIntangibleAssets 2024-03-31 07487816 frs-core:PlantMachinery 2025-03-31 07487816 frs-core:PlantMachinery 2024-04-01 2025-03-31 07487816 frs-core:PlantMachinery 2024-03-31 07487816 frs-core:ShareCapital 2025-03-31 07487816 frs-core:RetainedEarningsAccumulatedLosses 2025-03-31 07487816 frs-bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 07487816 frs-bus:FilletedAccounts 2024-04-01 2025-03-31 07487816 frs-bus:SmallEntities 2024-04-01 2025-03-31 07487816 frs-bus:AuditExempt-NoAccountantsReport 2024-04-01 2025-03-31 07487816 frs-bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 07487816 frs-bus:Director1 2024-04-01 2025-03-31 07487816 frs-bus:Director2 2024-04-01 2025-03-31 07487816 frs-bus:Director3 2024-04-01 2025-03-31 07487816 frs-bus:CompanySecretary1 2024-04-01 2025-03-31 07487816 frs-countries:EnglandWales 2024-04-01 2025-03-31 07487816 2023-03-31 07487816 2024-03-31 07487816 2023-04-01 2024-03-31 07487816 frs-core:CurrentFinancialInstruments 2024-03-31 07487816 frs-core:Non-currentFinancialInstruments 2024-03-31 07487816 frs-core:ShareCapital 2024-03-31 07487816 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31
Registered number: 07487816
CityEV Ltd.
Unaudited Financial Statements
For The Year Ended 31 March 2025
MATCH Accounting Limited
Portsmouth Technopole
Kingston Crescent
Portsmouth
Hampshire
PO2 8FA
Contents
Page
Statement of Financial Position 1—2
Notes to the Financial Statements 3—6
Page 1
Statement of Financial Position
Registered number: 07487816
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 5 21,733 11,820
21,733 11,820
CURRENT ASSETS
Stocks 6 258,831 265,081
Debtors 7 595,477 391,465
Cash at bank and in hand 116,897 422,814
971,205 1,079,360
Creditors: Amounts Falling Due Within One Year 8 (596,548 ) (798,283 )
NET CURRENT ASSETS (LIABILITIES) 374,657 281,077
TOTAL ASSETS LESS CURRENT LIABILITIES 396,390 292,897
Creditors: Amounts Falling Due After More Than One Year 9 (11,692 ) (25,757 )
NET ASSETS 384,698 267,140
CAPITAL AND RESERVES
Called up share capital 10 10,000 10,000
Income Statement 374,698 257,140
SHAREHOLDERS' FUNDS 384,698 267,140
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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 Income Statement.
On behalf of the board
Mr Peter Lagesse
Director
31/12/2025
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
CityEV Ltd. is a private company, limited by shares, incorporated in England & Wales, registered number 07487816 . The registered office is Portsmouth Technopole, Kingston Crescent, Portsmouth, Hampshire, PO2 8FA.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
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.
2.3. Research and Development
Intangible assets acquired seperately from a business are recognised at cost and are subsequently measured at cost less accumalated amortisation and accumalated impairment losses.

Expenditure on research is written off against the profits in the year it is incurred.

Identifiable development expenditure is capitalised to the extent that the technical, commercial and financial feasibility can be demonstrated. In any other circumstance, development expenditure is written off against the profits in the year it is incurred.

Amortisation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Development Costs - 4 Years
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is provided at rates calculated to write off the cost or valuation of the fixed assets, less their estimated residual values, over their expected useful lives on the following bases:
Plant & Machinery 25% Straight Line
Fixtures & Fittings 25% Straight Line
Computer Equipment 33.33% Straight Line
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.
2.5. 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.
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2.6. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position 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.
2.7. 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.
2.8. Government Grant
Government grants are recognised in the income statement in an appropriate manner that matches them with the expenditure towards which they are intended to contribute.
Grants for immediate financial support or to cover costs already incurred are recognised immediately in the income statement. Grants towards general activities of the entity over a specific period are recognised in the income statement over that period.
Grants towards fixed assets are recognised over the expected useful lives of the related assets and are treated as deferred income and released to the income statement over the useful life of the asset concerned.
All grants in the income statement are recognised when all conditions for receipt have been complied with.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 14 (2024: 12)
14 12
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4. Intangible Assets
Other Intangible Assets
£
Cost
As at 1 April 2024 13,619
As at 31 March 2025 13,619
Amortisation
As at 1 April 2024 13,619
As at 31 March 2025 13,619
Net Book Value
As at 31 March 2025 -
As at 1 April 2024 -
5. Tangible Assets
Plant & Machinery etc.
£
Cost
As at 1 April 2024 35,121
Additions 23,928
Disposals (685 )
As at 31 March 2025 58,364
Depreciation
As at 1 April 2024 23,301
Provided during the period 13,330
As at 31 March 2025 36,631
Net Book Value
As at 31 March 2025 21,733
As at 1 April 2024 11,820
6. Stocks
2025 2024
£ £
Materials 258,831 265,081
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7. Debtors
2025 2024
£ £
Due within one year
Trade debtors 574,011 373,963
Other debtors 21,466 17,502
595,477 391,465
8. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 384,384 270,860
Bank loans and overdrafts 9,321 4,576
Other creditors 141,238 416,870
Taxation and social security 61,605 105,977
596,548 798,283
9. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Bank loans 11,692 25,757
10. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 10,000 10,000
11. Related Party Transactions
At the end of the year, a balance of £Nil (2024 : £16,325) was owed to an entity related to the company by common control. The balance is due to the related party and is included in 'Creditors: Amounts falling due within 1 year'.
At the end of the year, a balance of £Nil (2024 : £16,147) was owed to an entity related to the company by common control. The balance is due to the related party and is included in 'Creditors: Amounts falling due in within 1 year'.
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