Acorah Software Products - Accounts Production 16.8.200 false true 31 December 2024 1 January 2024 false 1 January 2025 31 December 2025 31 December 2025 14426149 Mr Lee Merrett Mrs Elizabeth Merrett iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 14426149 2024-12-31 14426149 2025-12-31 14426149 2025-01-01 2025-12-31 14426149 frs-core:CurrentFinancialInstruments 2025-12-31 14426149 frs-core:Non-currentFinancialInstruments 2025-12-31 14426149 frs-core:ComputerEquipment 2025-12-31 14426149 frs-core:ComputerEquipment 2025-01-01 2025-12-31 14426149 frs-core:ComputerEquipment 2024-12-31 14426149 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2025-01-01 2025-12-31 14426149 frs-core:OtherResidualIntangibleAssets 2025-12-31 14426149 frs-core:OtherResidualIntangibleAssets 2024-12-31 14426149 frs-core:PlantMachinery 2025-12-31 14426149 frs-core:PlantMachinery 2025-01-01 2025-12-31 14426149 frs-core:PlantMachinery 2024-12-31 14426149 frs-core:SharePremium 2025-12-31 14426149 frs-core:ShareCapital 2025-12-31 14426149 frs-core:RetainedEarningsAccumulatedLosses 2025-12-31 14426149 frs-bus:PrivateLimitedCompanyLtd 2025-01-01 2025-12-31 14426149 frs-bus:FilletedAccounts 2025-01-01 2025-12-31 14426149 frs-bus:SmallEntities 2025-01-01 2025-12-31 14426149 frs-bus:AuditExempt-NoAccountantsReport 2025-01-01 2025-12-31 14426149 frs-bus:SmallCompaniesRegimeForAccounts 2025-01-01 2025-12-31 14426149 frs-bus:OrdinaryShareClass1 2025-01-01 2025-12-31 14426149 frs-bus:OrdinaryShareClass1 2025-12-31 14426149 frs-bus:OrdinaryShareClass2 2025-01-01 2025-12-31 14426149 frs-bus:OrdinaryShareClass2 2025-12-31 14426149 frs-bus:Director1 2025-01-01 2025-12-31 14426149 frs-bus:Director2 2025-01-01 2025-12-31 14426149 frs-countries:EnglandWales 2025-01-01 2025-12-31 14426149 2023-12-31 14426149 2024-12-31 14426149 2024-01-01 2024-12-31 14426149 frs-core:CurrentFinancialInstruments 2024-12-31 14426149 frs-core:Non-currentFinancialInstruments 2024-12-31 14426149 frs-core:SharePremium 2024-12-31 14426149 frs-core:ShareCapital 2024-12-31 14426149 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 14426149 frs-bus:OrdinaryShareClass1 2024-01-01 2024-12-31 14426149 frs-bus:OrdinaryShareClass2 2024-01-01 2024-12-31
Registered number: 14426149
Financialmerrett Limited
Unaudited Financial Statements
For The Year Ended 31 December 2025
Athena Accountants & Business Advisors Ltd
Financialmerrett Limited
Contents
Contents

| Page
--- | ---
Balance Sheet | 1—2
Notes to the Financial Statements | 3—5

Page 1
Financialmerrett Limited
Balance Sheet
As At 31 December 2025
Balance Sheet
Registered number: 14426149

| 2025 | 2024
--- | --- | ---
| Notes | £ | £ | £ | £
FIXED ASSETS
Intangible Assets | 4 |  | 1,418,431 |  | 1,418,431
Tangible Assets | 5 |  | 3,855 |  | 2,666
|  |  | 1,422,286 |  | 1,421,097
CURRENT ASSETS
Debtors | 6 | 2,045 |  | (1 ) |
Cash at bank and in hand |  | - |  | 1,896 |
|  | 2,045 |  | 1,895 |
Creditors: Amounts Falling Due Within One Year | 7 | (162,568 ) |  | (159,260 ) |
NET CURRENT ASSETS (LIABILITIES) |  |  | (160,523 ) |  | (157,365 )
TOTAL ASSETS LESS CURRENT LIABILITIES |  |  | 1,261,763 |  | 1,263,732
Creditors: Amounts Falling Due After More Than One Year | 8 |  | (527,802 ) |  | (542,873 )
NET ASSETS |  |  | 733,961 |  | 720,859
CAPITAL AND RESERVES
Called up share capital | 9 |  | 100 |  | 100
Share premium account |  |  | 693,125 |  | 693,125
Profit and Loss Account |  |  | 40,736 |  | 27,634
SHAREHOLDERS' FUNDS |  |  | 733,961 |  | 720,859

Page 1
Page 2
Financialmerrett Limited
Balance Sheet (continued)
As At 31 December 2025
For the year ending 31 December 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 Lee Merrett Director
05/02/2026

The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Financialmerrett Limited
Notes to the Financial Statements
For The Year Ended 31 December 2025
Notes to the Financial Statements
1. General Information
Financialmerrett Limited is a private company, limited by shares, incorporated in England & Wales, registered number 14426149 . The registered office is 11 Holly Lane, Drayton, Abingdon, OX14 4FW.
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 rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
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
Intangible assets are initially recognised at cost. Subsequent to initial recognition intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses. They are amortised to the profit and loss account over their estimated economic life.
If there is an indication that there has been a significant change in amortisation rate or residual value of an asset, the amortisation of that asset is revised prospectively to reflect the new expectations.
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 | 25% straight line
Computer Equipment | 25% straight line

2.5. Taxation
Income tax expense represents the sum of the tax currently payable.
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.
Current tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current tax is also recognised in other comprehensive income or directly in equity respectively.
2.6. Cash and Cash Equivalents
Cash and cash equivalents include cash in hand, deposits held at call with banks, other highly liquid liquid investments with original maturities of three months or less and bank overdrafts. Bank overdrafts, when applicable, are shown within borrowings in current liabilities.
Page 3
Page 4
Financialmerrett Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 December 2025
2.7. Provisions for Liabilities
Provisions for liabilities are recognised when the company has an obligation at the balance sheet date as a result of a past event, it is probable that there will be an outflow of economic benefit to discharge the obligation and the amount of the obligation can be reliably estimated. Where these criteria are not met, a provision is not recognised in the financial statements but a contingent liability is disclosed if material.
Amounts recoverable from third parties are only recognised as assets when the receipt is virtually certain. Provisions are measured at the best estimate of the amount required to settle the obligation at the balance sheet date. The best estimate is the amount which the company would rationally pay to settle the obligation at the balance sheet date. Provisions for liabilities are measured at the present value of the expenditures expected to be required in order to settle the obligation where the effects of the time value of money are material using a pre-tax rate which reflects current market assessments. Increases in the provision at each balance sheet date arising due to the passage of time are recognised in profit or loss as an interest expense.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 4 (2024: 4)
4 4
4. Intangible Assets

| Other
--- | ---
| £
Cost
As at 1 January 2025 | 1,418,431
As at 31 December 2025 | 1,418,431
Net Book Value
As at 31 December 2025 | 1,418,431
As at 1 January 2025 | 1,418,431

5. Tangible Assets

| Plant & Machinery | Computer Equipment | Total
--- | --- | --- | ---
| £ | £ | £
Cost
As at 1 January 2025 | 823 | 4,447 | 5,270
Additions | 1,119 | 2,224 | 3,343
As at 31 December 2025 | 1,942 | 6,671 | 8,613
Depreciation
As at 1 January 2025 | 411 | 2,193 | 2,604
Provided during the period | 486 | 1,668 | 2,154
As at 31 December 2025 | 897 | 3,861 | 4,758
Net Book Value
As at 31 December 2025 | 1,045 | 2,810 | 3,855
As at 1 January 2025 | 412 | 2,254 | 2,666

6. Debtors

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Due within one year
Other debtors | 2,045 |  | (1)

Page 4
Page 5
Financialmerrett Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 December 2025
7. Creditors: Amounts Falling Due Within One Year

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Bank loans and overdrafts | 12,026 |  | 4,843
Other loans | 62,897 |  | 86,886
Other creditors | 8,797 |  | 18,794
Taxation and social security | 78,848 |  | 48,737
| 162,568 |  | 159,260

Other loans includes a loan with St. James's Place. The loan is unsecured, interest bearing at 3.5% above base with scheduled repayment plans for up to 10 years. The repayments due after 1 year are disclosed in note 8.
8. Creditors: Amounts Falling Due After More Than One Year

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Other loans | 527,802 |  | 542,873

9. Share Capital

| 2025 |  | 2024
--- | --- | --- | ---
Allotted, called up and fully paid | £ |  | £
51 Ordinary Shares of £ 1 each | 51 |  | 51
49 Ordinary A shares of £ 1 each | 49 |  | 49
| 100 |  | 100

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