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Registered number: 11271127
Minch Dent Ltd
Financial Statements
For The Year Ended 30 April 2025
KJW Accountancy Services (Cotswolds) Ltd
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—7
Page 1
Balance Sheet
Registered number: 11271127
2025 2024
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 52,531 67,542
Tangible Assets 5 658,764 220,951
711,295 288,493
CURRENT ASSETS
Stocks 6 6,500 6,500
Debtors 7 13,809 6,734
Cash at bank and in hand 14,596 56,597
34,905 69,831
Creditors: Amounts Falling Due Within One Year 8 (176,309 ) (140,621 )
NET CURRENT ASSETS (LIABILITIES) (141,404 ) (70,790 )
TOTAL ASSETS LESS CURRENT LIABILITIES 569,891 217,703
Creditors: Amounts Falling Due After More Than One Year 9 (483,132 ) (76,260 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (33,967 ) (40,314 )
NET ASSETS 52,792 101,129
CAPITAL AND RESERVES
Called up share capital 12 2 2
Profit and Loss Account 52,790 101,127
SHAREHOLDERS' FUNDS 52,792 101,129
Page 1
Page 2
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 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 J A Anderson
Director
11/11/2026
The notes on pages 3 to 7 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Minch Dent Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 11271127 . The registered office is 14 Suffolk Road, Cheltenham, GL50 2AQ.
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.
The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.
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.
Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.
2.4. 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 10 years.
2.5. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.  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:
Freehold 15 - 25 years straight line
Leasehold 15 years straight line
Motor Vehicles 25% reducing balance
Fixtures & Fittings 4 years straight line
Computer Equipment 3 years straight line
2.6. 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 under operating leases are charged on a straight-line basis over the lease term, even if the payments are not made on such a basis. Benefits received and receivable as an incentive to sign an operating lease are similarly spread on a straight-line basis over the lease term.
2.7. 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
Page 4
2.8. Financial Instruments
Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.
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.
Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.
2.9. 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.
2.10. 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.
2.11. Registrar Filing Requirements
The company has taken advantage of Companies Act 2006 section 444(1) and opted not to file the profit and loss account, directors report, and notes to the financial statements relating to the profit and loss account.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 10 (2024: 9)
10 9
4. Intangible Assets
Goodwill
£
Cost
As at 1 May 2024 150,109
As at 30 April 2025 150,109
Amortisation
As at 1 May 2024 82,567
Provided during the period 15,011
As at 30 April 2025 97,578
...CONTINUED
Page 4
Page 5
Net Book Value
As at 30 April 2025 52,531
As at 1 May 2024 67,542
5. Tangible Assets
Land & Property
Freehold Leasehold Motor Vehicles Fixtures & Fittings
£ £ £ £
Cost
As at 1 May 2024 - 172,250 25,980 179,850
Additions 496,095 2,253 - 12,103
Disposals - - (25,980 ) -
Transfers 174,503 (174,503 ) - -
As at 30 April 2025 670,598 - - 191,953
Depreciation
As at 1 May 2024 - 30,096 14,476 113,448
Provided during the period 23,334 - - 36,909
Disposals - - (14,476 ) -
Transfers 30,096 (30,096 ) - -
As at 30 April 2025 53,430 - - 150,357
Net Book Value
As at 30 April 2025 617,168 - - 41,596
As at 1 May 2024 - 142,154 11,504 66,402
Computer Equipment Total
£ £
Cost
As at 1 May 2024 8,500 386,580
Additions - 510,451
Disposals - (25,980 )
Transfers - -
As at 30 April 2025 8,500 871,051
Depreciation
As at 1 May 2024 7,609 165,629
Provided during the period 891 61,134
Disposals - (14,476 )
Transfers - -
As at 30 April 2025 8,500 212,287
Net Book Value
As at 30 April 2025 - 658,764
As at 1 May 2024 891 220,951
Page 5
Page 6
6. Stocks
2025 2024
£ £
Stock 6,500 6,500
7. Debtors
2025 2024
£ £
Due within one year
Trade debtors 2,220 1,300
Other debtors 11,589 5,434
13,809 6,734
8. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Net obligations under finance lease and hire purchase contracts 11,768 15,201
Trade creditors 39,785 2,999
Bank loans and overdrafts 37,119 9,905
Other loans 36,178 36,570
Other creditors 20,645 36,631
Taxation and social security 30,814 39,315
176,309 140,621
9. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Net obligations under finance lease and hire purchase contracts - 23,233
Bank loans 459,382 21,539
Other loans 23,750 31,488
483,132 76,260
10. Secured Creditors
Of the creditors the following amounts are secured. The bank loans are secured by way of fixed and floating charges over the property and assets of the company.  The hire purchase agreements are secured on the related assets.  
2025 2024
£ £
Net obligations under finance lease and hire purchase contracts 11,768 38,434
Bank loans and overdrafts 496,501 31,444
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11. Obligations Under Finance Leases and Hire Purchase
2025 2024
£ £
The future minimum finance lease payments are as follows:
Not later than one year 11,768 15,201
Later than one year and not later than five years - 23,233
11,768 38,434
11,768 38,434
12. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 2 2
13. Other Commitments
The total of future minimum lease payments under non-cancellable operating leases are as following:
2025 2024
£ £
Not later than one year 9,329 3,276
Later than one year and not later than five years 19,737 4,139
29,066 7,415
Page 7