Acorah Software Products - Accounts Production 16.8.310 false true 30 April 2024 1 May 2023 false 1 May 2024 30 April 2025 30 April 2025 06555638 Mr Malcolm Vallis-Wilks Mrs Emma Vallis-Wilks Mr Hamish Vallis-Wilks iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 06555638 2024-04-30 06555638 2025-04-30 06555638 2024-05-01 2025-04-30 06555638 frs-core:CurrentFinancialInstruments 2025-04-30 06555638 frs-core:ComputerEquipment 2025-04-30 06555638 frs-core:ComputerEquipment 2024-05-01 2025-04-30 06555638 frs-core:ComputerEquipment 2024-04-30 06555638 frs-core:FurnitureFittings 2025-04-30 06555638 frs-core:FurnitureFittings 2024-05-01 2025-04-30 06555638 frs-core:FurnitureFittings 2024-04-30 06555638 frs-core:MotorVehicles 2025-04-30 06555638 frs-core:MotorVehicles 2024-05-01 2025-04-30 06555638 frs-core:MotorVehicles 2024-04-30 06555638 frs-core:PlantMachinery 2025-04-30 06555638 frs-core:PlantMachinery 2024-05-01 2025-04-30 06555638 frs-core:PlantMachinery 2024-04-30 06555638 frs-core:ShareCapital 2025-04-30 06555638 frs-core:RetainedEarningsAccumulatedLosses 2025-04-30 06555638 frs-bus:PrivateLimitedCompanyLtd 2024-05-01 2025-04-30 06555638 frs-bus:FilletedAccounts 2024-05-01 2025-04-30 06555638 frs-bus:SmallEntities 2024-05-01 2025-04-30 06555638 frs-bus:AuditExempt-NoAccountantsReport 2024-05-01 2025-04-30 06555638 frs-bus:SmallCompaniesRegimeForAccounts 2024-05-01 2025-04-30 06555638 frs-bus:Director1 2024-05-01 2025-04-30 06555638 frs-bus:Director2 2024-05-01 2025-04-30 06555638 frs-bus:Director3 2024-05-01 2025-04-30 06555638 frs-countries:EnglandWales 2024-05-01 2025-04-30 06555638 2023-04-30 06555638 2024-04-30 06555638 2023-05-01 2024-04-30 06555638 frs-core:CurrentFinancialInstruments 2024-04-30 06555638 frs-core:ShareCapital 2024-04-30 06555638 frs-core:RetainedEarningsAccumulatedLosses 2024-04-30
Registered number: 06555638
Xsg Limited
Unaudited Financial Statements
For The Year Ended 30 April 2025
Xsg Limited
Contents
Contents

| Page
--- | ---
Balance Sheet | 1—2
Notes to the Financial Statements | 3—6

Page 1
Xsg Limited
Balance Sheet
As At 30 April 2025
Balance Sheet
Registered number: 06555638

| 2025 | 2024
--- | --- | ---
| Notes | £ | £ | £ | £
FIXED ASSETS
Tangible Assets | 4 |  | 34,888 |  | 10,683
|  |  | 34,888 |  | 10,683
CURRENT ASSETS
Stocks | 5 | 20,786 |  | 95,000 |
Debtors | 6 | 38,203 |  | 6,370 |
Cash at bank and in hand |  | 70,245 |  | 29,405 |
|  | 129,234 |  | 130,775 |
Creditors: Amounts Falling Due Within One Year | 7 | (48,226 ) |  | (32,097 ) |
NET CURRENT ASSETS (LIABILITIES) |  |  | 81,008 |  | 98,678
TOTAL ASSETS LESS CURRENT LIABILITIES |  |  | 115,896 |  | 109,361
PROVISIONS FOR LIABILITIES
Deferred Taxation |  |  | (8,812 ) |  | (2,671 )
NET ASSETS |  |  | 107,084 |  | 106,690
CAPITAL AND RESERVES
Called up share capital | 9 |  | 2 |  | 2
Profit and Loss Account |  |  | 107,082 |  | 106,688
SHAREHOLDERS' FUNDS |  |  | 107,084 |  | 106,690

Page 1
Page 2
Xsg Limited
Balance Sheet (continued)
As At 30 April 2025
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.
The financial statements were approved by the board of directors on 16 November 2025 and were signed on its behalf by:

Mr Malcolm Vallis-Wilks Director
16/11/2025

The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
Xsg Limited
Notes to the Financial Statements
For The Year Ended 30 April 2025
Notes to the Financial Statements
1. General Information
Xsg Limited is a private company, limited by shares, incorporated in England & Wales, registered number 06555638 . The registered office is Unit 7, Vulcan House, Restmor Way, Wallington, Surrey, SM6 7AH.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
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 £.
The financial statements have been prepared under the historical cost convention, modified to include certain financial instruments at fair value. The principal accounting policies adopted are set out below.
2.2. Turnover
Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes.
When cash inflows are deferred and represent a financing arrangement, the fair value of the consideration is the present value of the future receipts. The difference between the fair value of the consideration and the nominal amount received is recognised as interest income.
2.3. 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 recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Plant & Machinery | 20% Straight line, per annum
Motor Vehicles | 25% Reducing balance, per annum
Fixtures & Fittings | 20% Straight line, per annum
Computer Equipment | 33% Straight Line, per annum

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.
2.4. Leasing and Hire Purchase Contracts
Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the leases asset are consumed.
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. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
Page 3
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Xsg Limited
Notes to the Financial Statements (continued)
For The Year Ended 30 April 2025
2.6. Financial Instruments
The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.
Classification of financial liabilities
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
Basic financial liabilities
Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.
Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.
Equity instruments
Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.
Changes in the fair value of derivatives that are designated and qualify as fair value hedges are recognised in profit or loss immediately, together with any changes in the fair value of the hedged asset or liability that are attributable to the hedged risk.
2.7. Taxation
The tax expense represents the sum of the tax currently payable and deferred tax.
Current tax
The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes 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 reporting end date.
Deferred tax
Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.
The carrying amount of deferred tax assets is reviewed at each reporting end date 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 is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with
in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.
Page 4
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Xsg Limited
Notes to the Financial Statements (continued)
For The Year Ended 30 April 2025
2.8. Impairment of fixed assets
At each reporting period end date, the company reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.
Recoverable amount is the higher of fair value less costs to sell and value in use. In assessing value in use, the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset for which the estimates of future cash flows have not been adjusted.
If the recoverable amount of an asset (or cash-generating unit) is estimated to be less than its carrying amount, the carrying amount of the asset (or cash-generating unit) is reduced to its recoverable amount. An impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the impairment loss is treated as a revaluation decrease.
Recognised impairment losses are reversed if, and only if, the reasons for the impairment loss have ceased to apply. Where an impairment loss subsequently reverses, the carrying amount of the asset (or cashgenerating unit) is increased to the revised estimate of its recoverable amount, but so that the increased carrying amount does not exceed the carrying amount that would have been determined had no impairment loss been recognised for the asset (or cash-generating unit) in prior years. A reversal of an impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the reversal of the impairment loss is treated as a revaluation increase.
2.9. Employee benefits
The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.
The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.
Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.
Retirement benefits
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 5 (2024: 5)
5 5
4. Tangible Assets

| Plant & Machinery | Motor Vehicles | Fixtures & Fittings | Computer Equipment | Total
--- | --- | --- | --- | --- | ---
| £ | £ | £ | £ | £
Cost
As at 1 May 2024 | 803 | - | 4,500 | 16,480 | 21,783
Additions | - | 26,000 | 2,781 | 7,367 | 36,148
Disposals | (803 ) | - | (1,087 ) | (9,668 ) | (11,558 )
As at 30 April 2025 | - | 26,000 | 6,194 | 14,179 | 46,373
Depreciation
As at 1 May 2024 | 668 | - | 1,406 | 9,026 | 11,100
Provided during the period | 135 | 3,792 | 1,279 | 6,162 | 11,368
Disposals | (803 ) | - | (619 ) | (9,561 ) | (10,983 )
As at 30 April 2025 | - | 3,792 | 2,066 | 5,627 | 11,485
Net Book Value
As at 30 April 2025 | - | 22,208 | 4,128 | 8,552 | 34,888
As at 1 May 2024 | 135 | - | 3,094 | 7,454 | 10,683

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Page 6
Xsg Limited
Notes to the Financial Statements (continued)
For The Year Ended 30 April 2025
5. Stocks

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Stock | 20,786 |  | 95,000

6. Debtors

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Due within one year
Trade debtors | 26,940 |  | 4,620
Other debtors | 11,263 |  | 1,750
| 38,203 |  | 6,370

7. Creditors: Amounts Falling Due Within One Year

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Other creditors | 4,244 |  | 3,380
Taxation and social security | 43,982 |  | 28,717
| 48,226 |  | 32,097

9. Share Capital

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Allotted, Called up and fully paid | 2 |  | 2

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