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 01236033 Mr Christopher Milton Mrs Susanna Fitchett iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 01236033 2024-03-31 01236033 2025-03-31 01236033 2024-04-01 2025-03-31 01236033 frs-core:CurrentFinancialInstruments 2025-03-31 01236033 frs-core:Non-currentFinancialInstruments 2025-03-31 01236033 frs-core:ComputerEquipment 2025-03-31 01236033 frs-core:ComputerEquipment 2024-04-01 2025-03-31 01236033 frs-core:ComputerEquipment 2024-03-31 01236033 frs-core:InvestmentPropertyIncludedWithinPPE 2025-03-31 01236033 frs-core:InvestmentPropertyIncludedWithinPPE 2024-04-01 2025-03-31 01236033 frs-core:InvestmentPropertyIncludedWithinPPE 2024-03-31 01236033 frs-core:MotorVehicles 2025-03-31 01236033 frs-core:MotorVehicles 2024-04-01 2025-03-31 01236033 frs-core:MotorVehicles 2024-03-31 01236033 frs-core:PlantMachinery 2025-03-31 01236033 frs-core:PlantMachinery 2024-04-01 2025-03-31 01236033 frs-core:PlantMachinery 2024-03-31 01236033 frs-core:ShareCapital 2025-03-31 01236033 frs-core:RetainedEarningsAccumulatedLosses 2025-03-31 01236033 frs-bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 01236033 frs-bus:FilletedAccounts 2024-04-01 2025-03-31 01236033 frs-bus:SmallEntities 2024-04-01 2025-03-31 01236033 frs-bus:AuditExempt-NoAccountantsReport 2024-04-01 2025-03-31 01236033 frs-bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 01236033 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2024-03-31 01236033 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2025-03-31 01236033 frs-bus:Director1 2024-04-01 2025-03-31 01236033 frs-bus:Director2 2024-04-01 2025-03-31 01236033 frs-countries:EnglandWales 2024-04-01 2025-03-31 01236033 2023-03-31 01236033 2024-03-31 01236033 2023-04-01 2024-03-31 01236033 frs-core:CurrentFinancialInstruments 2024-03-31 01236033 frs-core:Non-currentFinancialInstruments 2024-03-31 01236033 frs-core:ShareCapital 2024-03-31 01236033 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 01236033 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2024-03-31
Registered number: 01236033
Romilt Limited
Unaudited Financial Statements
For The Year Ended 31 March 2025
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 01236033
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 701,718 702,577
701,718 702,577
CURRENT ASSETS
Debtors 5 22,533 53,889
Cash at bank and in hand 5,366 6,592
27,899 60,481
Creditors: Amounts Falling Due Within One Year 6 (338,494 ) (346,370 )
NET CURRENT ASSETS (LIABILITIES) (310,595 ) (285,889 )
TOTAL ASSETS LESS CURRENT LIABILITIES 391,123 416,688
Creditors: Amounts Falling Due After More Than One Year 7 (215,223 ) (220,193 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (66,900 ) (66,900 )
NET ASSETS 109,000 129,595
CAPITAL AND RESERVES
Called up share capital 9 100 100
Fair value reserve 10 352,102 352,102
Profit and Loss Account (243,202 ) (222,607 )
SHAREHOLDERS' FUNDS 109,000 129,595
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 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 Christopher Milton
Director
30/12/2025
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Romilt Limited is a private company, limited by shares, incorporated in England & Wales, registered number 01236033 . The registered office is Kilnside Farm, Moor Park Lane, Farnham, Surrey, GU10 1NS.
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 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 and rental income on investment property. 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:
Plant & Machinery 33% reducing balance
Motor Vehicles 20% on cost
Computer Equipment Straight line over 3 years
2.5. Investment Properties
All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.
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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2024: 2)
2 2
Page 3
Page 4
4. Tangible Assets
Investment Properties Plant & Machinery Motor Vehicles Computer Equipment Total
£ £ £ £ £
Cost
As at 1 April 2024 700,000 35,413 20,642 2,776 758,831
As at 31 March 2025 700,000 35,413 20,642 2,776 758,831
Depreciation
As at 1 April 2024 - 32,836 20,642 2,776 56,254
Provided during the period - 859 - - 859
As at 31 March 2025 - 33,695 20,642 2,776 57,113
Net Book Value
As at 31 March 2025 700,000 1,718 - - 701,718
As at 1 April 2024 700,000 2,577 - - 702,577
Cost or valuation as at 31 March 2025 represented by:
Investment Properties Plant & Machinery Motor Vehicles Computer Equipment Total
£ £ £ £ £
At cost 700,000 35,413 20,642 2,776 758,831
700,000 35,413 20,642 2,776 758,831
Fair value at 31 March 2024 is represented by:
Original cost £347,898
Increase in valuation in 2021 £352,102
Total Value £700,000
5. Debtors
2025 2024
£ £
Due within one year
Trade debtors 11,678 -
Prepayments and accrued income - 33,000
Other debtors 7,401 3,850
VAT 3,454 17,039
22,533 53,889
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6. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 5,560 31,445
Bank loans and overdrafts 19,935 19,935
Other creditors - 2,395
Accruals and deferred income 1,000 1,000
Directors' loan accounts 311,999 291,595
338,494 346,370
7. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Bank loans 215,223 220,193
8. Secured Creditors
Of the creditors the following amounts are secured.
2025 2024
£ £
Bank loans and overdrafts 235,158 240,127
9. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 100 100
10. Reserves
Fair Value Reserve
£
As at 1 April 2024 352,102
As at 31 March 2025 352,102
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