Acorah Software Products - Accounts Production 16.8.200 false true true 31 March 2024 1 December 2022 false 1 April 2024 31 March 2025 31 March 2025 09295491 Mr Corbin Peniket iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 09295491 2024-03-31 09295491 2025-03-31 09295491 2024-04-01 2025-03-31 09295491 frs-core:CurrentFinancialInstruments 2025-03-31 09295491 frs-core:Non-currentFinancialInstruments 2025-03-31 09295491 frs-core:BetweenOneFiveYears 2025-03-31 09295491 frs-core:ComputerEquipment 2025-03-31 09295491 frs-core:ComputerEquipment 2024-04-01 2025-03-31 09295491 frs-core:ComputerEquipment 2024-03-31 09295491 frs-core:FurnitureFittings 2025-03-31 09295491 frs-core:FurnitureFittings 2024-04-01 2025-03-31 09295491 frs-core:FurnitureFittings 2024-03-31 09295491 frs-core:MotorVehicles 2025-03-31 09295491 frs-core:MotorVehicles 2024-04-01 2025-03-31 09295491 frs-core:MotorVehicles 2024-03-31 09295491 frs-core:WithinOneYear 2025-03-31 09295491 frs-core:ShareCapital 2025-03-31 09295491 frs-core:RetainedEarningsAccumulatedLosses 2025-03-31 09295491 frs-bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 09295491 frs-bus:FilletedAccounts 2024-04-01 2025-03-31 09295491 frs-bus:SmallEntities 2024-04-01 2025-03-31 09295491 frs-bus:AuditExempt-NoAccountantsReport 2024-04-01 2025-03-31 09295491 frs-bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 09295491 frs-bus:Director1 2024-04-01 2025-03-31 09295491 frs-countries:EnglandWales 2024-04-01 2025-03-31 09295491 2022-11-30 09295491 2024-03-31 09295491 2022-12-01 2024-03-31 09295491 frs-core:CurrentFinancialInstruments 2024-03-31 09295491 frs-core:Non-currentFinancialInstruments 2024-03-31 09295491 frs-core:BetweenOneFiveYears 2024-03-31 09295491 frs-core:WithinOneYear 2024-03-31 09295491 frs-core:ShareCapital 2024-03-31 09295491 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31
Registered number: 09295491
Corb 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: 09295491
31 March 2025 31 March 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 482,702 514,432
482,702 514,432
CURRENT ASSETS
Stocks 5 471,800 405,000
Debtors 6 1,524,779 2,190,164
Cash at bank and in hand 881,002 487,623
2,877,581 3,082,787
Creditors: Amounts Falling Due Within One Year 7 (1,788,741 ) (2,048,285 )
NET CURRENT ASSETS (LIABILITIES) 1,088,840 1,034,502
TOTAL ASSETS LESS CURRENT LIABILITIES 1,571,542 1,548,934
Creditors: Amounts Falling Due After More Than One Year 8 (507,302 ) (692,354 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (112,234 ) (81,150 )
NET ASSETS 952,006 775,430
CAPITAL AND RESERVES
Called up share capital 10 100 100
Profit and Loss Account 951,906 775,330
SHAREHOLDERS' FUNDS 952,006 775,430
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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 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 Corbin Peniket
Director
22 December 2025
The notes on pages 3 to 6 form part of these financial statements.
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Page 3
Notes to the Financial Statements
1. General Information
Corb Limited is a private company, limited by shares, incorporated in England & Wales, registered number 09295491 . The registered office is 9 Pearson Road, Central Park, Telford, TF2 9TX.

The financial statements are presented in pound sterling (£) and rounded to the nearest whole £.
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.
2.2. Going Concern Disclosure
The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.
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. For additions and disposals depreciation is provided on a pro rata basis of the annual rate for the months of ownership.
Motor Vehicles 20% reducing balance
Fixtures & Fittings 20% reducing balance
Computer Equipment 20% reducing balance
2.5. Leasing and Hire Purchase Contracts
Assets obtained under hire purchase contracts and 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 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. 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. 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.
2.9. Government Grant
Government grants are recognised in the profit and loss account 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 profit and loss account. Grants towards general activities of the entity over a specific period are recognised in the profit and loss account 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 profit and loss account over the useful life of the asset concerned.
All grants in the profit and loss account 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: 43 (2024: 51)
43 51
4. Tangible Assets
Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 April 2024 641,313 124,328 17,103 782,744
Additions 89,066 170 - 89,236
Disposals (10,264 ) - - (10,264 )
As at 31 March 2025 720,115 124,498 17,103 861,716
...CONTINUED
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Depreciation
As at 1 April 2024 180,268 77,293 10,751 268,312
Provided during the period 105,943 9,417 1,270 116,630
Disposals (5,928 ) - - (5,928 )
As at 31 March 2025 280,283 86,710 12,021 379,014
Net Book Value
As at 31 March 2025 439,832 37,788 5,082 482,702
As at 1 April 2024 461,045 47,035 6,352 514,432
5. Stocks
31 March 2025 31 March 2024
£ £
Materials 8,000 8,000
Work in progress 463,800 397,000
471,800 405,000
6. Debtors
31 March 2025 31 March 2024
£ £
Due within one year
Trade debtors 1,032,942 2,023,319
Other debtors 491,837 166,845
1,524,779 2,190,164
7. Creditors: Amounts Falling Due Within One Year
31 March 2025 31 March 2024
£ £
Net obligations under finance lease and hire purchase contracts 140,861 123,355
Trade creditors 447,613 828,836
Bank loans and overdrafts 119,112 149,325
Amounts owed to participating interests 403,731 427,380
Other creditors 356,258 329,981
Taxation and social security 321,166 189,408
1,788,741 2,048,285
8. Creditors: Amounts Falling Due After More Than One Year
31 March 2025 31 March 2024
£ £
Net obligations under finance lease and hire purchase contracts 295,023 358,463
Bank loans 212,279 333,891
507,302 692,354
Hire purchase liabilities are secured against the assets to which they relate.
Bank loans are secured by way of a fixed and floating charge over the company assets.
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9. Obligations Under Finance Leases and Hire Purchase
31 March 2025 31 March 2024
£ £
The future minimum finance lease payments are as follows:
Not later than one year 140,861 123,355
Later than one year and not later than five years 295,023 358,463
435,884 481,818
435,884 481,818
10. Share Capital
31 March 2025 31 March 2024
£ £
Allotted, Called up and fully paid 100 100
11. Pension Commitments
The company operates a defined contribution pension scheme for its employees. The assets of the scheme are held separately from those of the company in an independently administered fund. Included within Other Creditors at the balance sheet date are unpaid contributions of £6,141 (2024: £7,706) due to the fund.
12. Related Party Transactions
Included within amounts owed to related parties is a balance of £403,731 (2024: £427,380) owed to a company under common control. No interest has been charged on this amount and there were no conditions attached.
Included within other debtors is a balance of £82,823 (2024: £60,596) owed by a company under common control. No interest has been charged on this amount and there were no conditions attached.
Included within other creditors is a balance of £18 (2024: £1,852) relating to amounts owed by the company to the sole director. No interest has been charged on this amount and there were no conditions attached. 
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