Acorah Software Products - Accounts Production 16.8.200 false true 31 May 2024 1 June 2023 false 1 June 2024 31 May 2025 31 May 2025 06254134 Mr Matthew Ashdown Mr Michael Close Mr Stephen Coleman Ms Shelagh Hopson iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 06254134 2024-05-31 06254134 2025-05-31 06254134 2024-06-01 2025-05-31 06254134 frs-core:CurrentFinancialInstruments 2025-05-31 06254134 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2024-06-01 2025-05-31 06254134 frs-core:OtherResidualIntangibleAssets 2025-05-31 06254134 frs-core:OtherResidualIntangibleAssets 2024-06-01 2025-05-31 06254134 frs-core:OtherResidualIntangibleAssets 2024-05-31 06254134 frs-core:PlantMachinery 2025-05-31 06254134 frs-core:PlantMachinery 2024-06-01 2025-05-31 06254134 frs-core:PlantMachinery 2024-05-31 06254134 frs-core:SharePremium 2025-05-31 06254134 frs-core:ShareCapital 2025-05-31 06254134 frs-core:RetainedEarningsAccumulatedLosses 2025-05-31 06254134 frs-bus:PrivateLimitedCompanyLtd 2024-06-01 2025-05-31 06254134 frs-bus:FilletedAccounts 2024-06-01 2025-05-31 06254134 frs-bus:SmallEntities 2024-06-01 2025-05-31 06254134 frs-bus:AuditExempt-NoAccountantsReport 2024-06-01 2025-05-31 06254134 frs-bus:SmallCompaniesRegimeForAccounts 2024-06-01 2025-05-31 06254134 frs-bus:Director1 2024-06-01 2025-05-31 06254134 frs-bus:Director2 2024-06-01 2025-05-31 06254134 frs-bus:Director3 2024-06-01 2025-05-31 06254134 frs-bus:CompanySecretary1 2024-06-01 2025-05-31 06254134 frs-countries:EnglandWales 2024-06-01 2025-05-31 06254134 2023-05-31 06254134 2024-05-31 06254134 2023-06-01 2024-05-31 06254134 frs-core:CurrentFinancialInstruments 2024-05-31 06254134 frs-core:SharePremium 2024-05-31 06254134 frs-core:ShareCapital 2024-05-31 06254134 frs-core:RetainedEarningsAccumulatedLosses 2024-05-31
Registered number: 06254134
Argonaut Systems Ltd
Unaudited Financial Statements
For The Year Ended 31 May 2025
BDP Accountants Ltd
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 06254134
2025 2024
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 666,250 632,500
Tangible Assets 5 3,467 1,203
669,717 633,703
CURRENT ASSETS
Debtors 6 - 61,141
Cash at bank and in hand 5,817 9,712
5,817 70,853
Creditors: Amounts Falling Due Within One Year 7 (58,857 ) (128,843 )
NET CURRENT ASSETS (LIABILITIES) (53,040 ) (57,990 )
TOTAL ASSETS LESS CURRENT LIABILITIES 616,677 575,713
NET ASSETS 616,677 575,713
CAPITAL AND RESERVES
Called up share capital 8 500 500
Share premium account 5,500 5,500
Profit and Loss Account 610,677 569,713
SHAREHOLDERS' FUNDS 616,677 575,713
Page 1
Page 2
For the year ending 31 May 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 Stephen Coleman
Director
11/12/2025
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Argonaut Systems Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 06254134 . The registered office is Floor 2 Capital Tower, Greyfriars Road, Cardiff, CF10 3AG.
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 - Other Intangible
Other intangible assets are .... 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:
Plant & Machinery 20% straight line
2.5. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 4 (2024: )
4 -
4. Intangible Assets
Other
£
Cost
As at 1 June 2024 632,500
Additions 33,750
As at 31 May 2025 666,250
Net Book Value
As at 31 May 2025 666,250
As at 1 June 2024 632,500
Page 3
Page 4
5. Tangible Assets
Plant & Machinery
£
Cost
As at 1 June 2024 22,241
Additions 4,333
As at 31 May 2025 26,574
Depreciation
As at 1 June 2024 21,038
Provided during the period 2,069
As at 31 May 2025 23,107
Net Book Value
As at 31 May 2025 3,467
As at 1 June 2024 1,203
6. Debtors
2025 2024
£ £
Due within one year
Trade debtors - 61,141
7. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors - 17,668
Bank loans and overdrafts 9,769 16,729
Other loans 4,500 51,500
Other creditors 44,588 42,946
58,857 128,843
8. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 500 500
Page 4