Acorah Software Products - Accounts Production 16.6.920 false true 30 April 2024 1 May 2023 false 1 May 2024 30 April 2025 30 April 2025 09641779 Mr Marc Biles Mrs Tara Mussell iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 09641779 2024-04-30 09641779 2025-04-30 09641779 2024-05-01 2025-04-30 09641779 frs-core:CurrentFinancialInstruments 2025-04-30 09641779 frs-core:Non-currentFinancialInstruments 2025-04-30 09641779 frs-core:BetweenOneFiveYears 2025-04-30 09641779 frs-core:FurnitureFittings 2024-05-01 2025-04-30 09641779 frs-core:NetGoodwill 2025-04-30 09641779 frs-core:NetGoodwill 2024-05-01 2025-04-30 09641779 frs-core:NetGoodwill 2024-04-30 09641779 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-05-01 2025-04-30 09641779 frs-core:MotorVehicles 2025-04-30 09641779 frs-core:MotorVehicles 2024-05-01 2025-04-30 09641779 frs-core:MotorVehicles 2024-04-30 09641779 frs-core:PlantMachinery 2025-04-30 09641779 frs-core:PlantMachinery 2024-05-01 2025-04-30 09641779 frs-core:PlantMachinery 2024-04-30 09641779 frs-core:WithinOneYear 2025-04-30 09641779 frs-core:ShareCapital 2025-04-30 09641779 frs-core:RetainedEarningsAccumulatedLosses 2025-04-30 09641779 frs-bus:PrivateLimitedCompanyLtd 2024-05-01 2025-04-30 09641779 frs-bus:FilletedAccounts 2024-05-01 2025-04-30 09641779 frs-bus:SmallEntities 2024-05-01 2025-04-30 09641779 frs-bus:AuditExempt-NoAccountantsReport 2024-05-01 2025-04-30 09641779 frs-bus:SmallCompaniesRegimeForAccounts 2024-05-01 2025-04-30 09641779 frs-core:CostValuation 2024-04-30 09641779 frs-core:CostValuation 2025-04-30 09641779 frs-core:ProvisionsForImpairmentInvestments 2024-04-30 09641779 frs-core:ProvisionsForImpairmentInvestments 2025-04-30 09641779 frs-bus:Director1 2024-05-01 2025-04-30 09641779 frs-bus:Director2 2024-05-01 2025-04-30 09641779 frs-countries:EnglandWales 2024-05-01 2025-04-30 09641779 2023-04-30 09641779 2024-04-30 09641779 2023-05-01 2024-04-30 09641779 frs-core:CurrentFinancialInstruments 2024-04-30 09641779 frs-core:Non-currentFinancialInstruments 2024-04-30 09641779 frs-core:BetweenOneFiveYears 2024-04-30 09641779 frs-core:WithinOneYear 2024-04-30 09641779 frs-core:ShareCapital 2024-04-30 09641779 frs-core:RetainedEarningsAccumulatedLosses 2024-04-30
Registered number: 09641779
Ratio Limited
Unaudited Financial Statements
For The Year Ended 30 April 2025
Artema Ltd
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 09641779
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 5 16,432 14,167
Investments 6 300 300
16,732 14,467
CURRENT ASSETS
Debtors 7 414,897 402,324
Cash at bank and in hand 95,885 30,680
510,782 433,004
Creditors: Amounts Falling Due Within One Year 8 (59,951 ) (63,635 )
NET CURRENT ASSETS (LIABILITIES) 450,831 369,369
TOTAL ASSETS LESS CURRENT LIABILITIES 467,563 383,836
Creditors: Amounts Falling Due After More Than One Year 9 (404,847 ) (321,567 )
NET ASSETS 62,716 62,269
CAPITAL AND RESERVES
Called up share capital 11 106 106
Profit and Loss Account 62,610 62,163
SHAREHOLDERS' FUNDS 62,716 62,269
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For the year ending 30 April 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 Marc Biles
Director
26/09/2025
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
Ratio Limited is a private company, limited by shares, incorporated in England & Wales, registered number 09641779 . The registered office is This Workspace, 18 Albert Road, Bournemouth, BH1 1BZ.
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. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to the profit and loss account over its estimated economic life of .... years.
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:
Leasehold Over the lease term
Plant & Machinery 2 years straight line
Motor Vehicles Over the lease term
Fixtures & Fittings 3 years straight line
2.5. 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.
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2.6. 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: 7 (2024: 9)
7 9
4. Intangible Assets
Goodwill
£
Cost
As at 1 May 2024 1,726
As at 30 April 2025 1,726
Amortisation
As at 1 May 2024 1,726
As at 30 April 2025 1,726
Net Book Value
As at 30 April 2025 -
As at 1 May 2024 -
5. Tangible Assets
Plant & Machinery Motor Vehicles Total
£ £ £
Cost
As at 1 May 2024 151,761 37,660 189,421
Additions 4,177 - 4,177
As at 30 April 2025 155,938 37,660 193,598
...CONTINUED
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Depreciation
As at 1 May 2024 151,761 23,493 175,254
Provided during the period 518 1,394 1,912
As at 30 April 2025 152,279 24,887 177,166
Net Book Value
As at 30 April 2025 3,659 12,773 16,432
As at 1 May 2024 - 14,167 14,167
6. Investments
Subsidiaries
£
Cost or Valuation
As at 1 May 2024 300
As at 30 April 2025 300
Provision
As at 1 May 2024 -
As at 30 April 2025 -
Net Book Value
As at 30 April 2025 300
As at 1 May 2024 300
7. Debtors
2025 2024
£ £
Due within one year
Other debtors 15,369 15,835
Due after more than one year
Amounts owed by group undertakings 226,103 242,668
Amounts owed by participating interests 173,425 143,821
399,528 386,489
414,897 402,324
8. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Net obligations under finance lease and hire purchase contracts 12,804 1,454
Trade creditors 23,154 25,998
Other creditors 14,933 23,354
Taxation and social security 9,060 12,829
59,951 63,635
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9. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Net obligations under finance lease and hire purchase contracts - 12,804
Amounts owed to group undertakings 404,847 308,763
404,847 321,567
10. Obligations Under Finance Leases and Hire Purchase
2025 2024
£ £
The future minimum finance lease payments are as follows:
Not later than one year 12,804 1,454
Later than one year and not later than five years - 12,804
12,804 14,258
12,804 14,258
11. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 106 106
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