Acorah Software Products - Accounts Production 16.8.310 false true 31 May 2024 1 June 2023 false 1 June 2024 31 May 2025 31 May 2025 09606050 Adam Rasul Andrew Ford Christopher Derrig iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 09606050 2024-05-31 09606050 2025-05-31 09606050 2024-06-01 2025-05-31 09606050 frs-core:CurrentFinancialInstruments 2025-05-31 09606050 frs-core:Non-currentFinancialInstruments 2025-05-31 09606050 frs-core:BetweenOneFiveYears 2025-05-31 09606050 frs-core:ComputerEquipment 2025-05-31 09606050 frs-core:ComputerEquipment 2024-06-01 2025-05-31 09606050 frs-core:ComputerEquipment 2024-05-31 09606050 frs-core:FurnitureFittings 2025-05-31 09606050 frs-core:FurnitureFittings 2024-06-01 2025-05-31 09606050 frs-core:FurnitureFittings 2024-05-31 09606050 frs-core:NetGoodwill 2025-05-31 09606050 frs-core:NetGoodwill 2024-06-01 2025-05-31 09606050 frs-core:NetGoodwill 2024-05-31 09606050 frs-core:MotorVehicles 2025-05-31 09606050 frs-core:MotorVehicles 2024-06-01 2025-05-31 09606050 frs-core:MotorVehicles 2024-05-31 09606050 frs-core:WithinOneYear 2025-05-31 09606050 frs-core:ShareCapital 2025-05-31 09606050 frs-core:RetainedEarningsAccumulatedLosses 2025-05-31 09606050 frs-bus:PrivateLimitedCompanyLtd 2024-06-01 2025-05-31 09606050 frs-bus:FilletedAccounts 2024-06-01 2025-05-31 09606050 frs-bus:SmallEntities 2024-06-01 2025-05-31 09606050 frs-bus:AuditExemptWithAccountantsReport 2024-06-01 2025-05-31 09606050 frs-bus:SmallCompaniesRegimeForAccounts 2024-06-01 2025-05-31 09606050 frs-bus:Director1 2024-06-01 2025-05-31 09606050 frs-bus:Director1 2024-05-31 09606050 frs-bus:Director1 2025-05-31 09606050 frs-bus:Director2 2024-06-01 2025-05-31 09606050 frs-bus:Director3 2024-06-01 2025-05-31 09606050 frs-core:CurrentFinancialInstruments 1 2025-05-31 09606050 frs-countries:EnglandWales 2024-06-01 2025-05-31 09606050 2023-05-31 09606050 2024-05-31 09606050 2023-06-01 2024-05-31 09606050 frs-core:CurrentFinancialInstruments 2024-05-31 09606050 frs-core:Non-currentFinancialInstruments 2024-05-31 09606050 frs-core:BetweenOneFiveYears 2024-05-31 09606050 frs-core:WithinOneYear 2024-05-31 09606050 frs-core:ShareCapital 2024-05-31 09606050 frs-core:RetainedEarningsAccumulatedLosses 2024-05-31 09606050 frs-core:CurrentFinancialInstruments 1 2024-05-31
Registered number: 09606050
Holborn Adams Limited
Unaudited Financial Statements
For The Year Ended 31 May 2025
Paramount Accountancy WS Ltd
Wakefield Suite, The Stables Lockwood Park
Huddersfield
West Yorkshire
HD4 6EN
Holborn Adams Limited
Contents
Contents

| Page
--- | ---
Accountants' Report | 1
Statement of Financial Position | 2—3
Notes to the Financial Statements | 4—7

Page 1
Holborn Adams Limited
Accountants' Report
For The Year Ended 31 May 2025
Accountants' Report
Chartered Accountants' report to the directors on the preparation of the unaudited statutory accounts of Holborn Adams Limited for the year ended 31 May 2025
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Holborn Adams Limited for the year ended 31 May 2025 which comprise the Income Statement, the Statement of Financial Position and the related notes from the company's accounting records and from information and explanations you have given to us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at http://www.icaew.com/en/membership/regulations-standards-and-guidance.
This report is made solely to the directors of Holborn Adams Limited , as a body, in accordance with the terms of our engagement letter dated . Our work has been undertaken solely to prepare for your approval the accounts of Holborn Adams Limited and state those matters that we have agreed to state to the directors of Holborn Adams Limited , as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Holborn Adams Limited and its directors, as a body, for our work or for this report.
It is your duty to ensure that Holborn Adams Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit or loss of Holborn Adams Limited . You consider that Holborn Adams Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit of the accounts of Holborn Adams Limited . For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the financial statements.

24 February 2026

Paramount Accountancy WS Ltd
Wakefield Suite, The Stables Lockwood Park
Huddersfield
West Yorkshire
HD4 6EN
Page 1
Page 2
Holborn Adams Limited
Statement of Financial Position
As At 31 May 2025
Statement of Financial Position
Registered number: 09606050

| 2025 | 2024
--- | --- | ---
| Notes | £ | £ | £ | £
FIXED ASSETS
Intangible Assets | 4 |  | 130,000 |  | 195,000
Tangible Assets | 5 |  | 117,457 |  | 202,782
|  |  | 247,457 |  | 397,782
CURRENT ASSETS
Stocks | 6 | 3,930,358 |  | - |
Debtors | 7 | 122,416 |  | 436,405 |
Cash at bank and in hand |  | 97,184 |  | 700,755 |
|  | 4,149,958 |  | 1,137,160 |
Creditors: Amounts Falling Due Within One Year | 8 | (5,782,381 ) |  | (1,866,769 ) |
NET CURRENT ASSETS (LIABILITIES) |  |  | (1,632,423 ) |  | (729,609 )
TOTAL ASSETS LESS CURRENT LIABILITIES |  |  | (1,384,966 ) |  | (331,827 )
Creditors: Amounts Falling Due After More Than One Year | 9 |  | (40,728 ) |  | (89,526 )
NET LIABILITIES |  |  | (1,425,694 ) |  | (421,353 )
CAPITAL AND RESERVES
Called up share capital | 11 |  | 100 |  | 100
Income Statement |  |  | (1,425,794 ) |  | (421,453 )
SHAREHOLDERS' FUNDS |  |  | (1,425,694) |  | (421,353)

Page 2
Page 3
Holborn Adams Limited
Statement of Financial Position (continued)
As At 31 May 2025
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 Income Statement.
On behalf of the board

Adam Rasul Director
24 February 2026

The notes on pages 4 to 7 form part of these financial statements.
Page 3
Page 4
Holborn Adams Limited
Notes to the Financial Statements
For The Year Ended 31 May 2025
Notes to the Financial Statements
1. General Information
Holborn Adams Limited is a private company, limited by shares, incorporated in England & Wales, registered number 09606050 . The registered office is 125 Old Broad Street , Broadgate, London, EC2N 1AR.
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 income statement over its estimated economic life of 10 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:

Motor Vehicles | 25% on reducing balance
Fixtures & Fittings | 25% on reducing balance
Computer Equipment | 25% on reducing balance

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 income statement 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 income statement as incurred.
2.6. 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 4
Page 5
Holborn Adams Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 May 2025
2.7. 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 year 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 asset reflects 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 or deferred 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 and deferred tax is also 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: 15 (2024: 15)
15 15
4. Intangible Assets

| Goodwill
--- | ---
| £
Cost
As at 1 June 2024 | 650,000
As at 31 May 2025 | 650,000
Amortisation
As at 1 June 2024 | 455,000
Provided during the period | 65,000
As at 31 May 2025 | 520,000
Net Book Value
As at 31 May 2025 | 130,000
As at 1 June 2024 | 195,000

5. Tangible Assets

| Motor Vehicles | Fixtures & Fittings | Computer Equipment | Total
--- | --- | --- | --- | ---
| £ | £ | £ | £
Cost
As at 1 June 2024 | 343,505 | 54,585 | 79,240 | 477,330
Additions | - | - | 583 | 583
Disposals | (84,995 ) | - | - | (84,995 )
As at 31 May 2025 | 258,510 | 54,585 | 79,823 | 392,918

...CONTINUED
Page 5
Page 6
Holborn Adams Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 May 2025

Depreciation
As at 1 June 2024 | 190,612 | 35,977 | 47,959 | 274,548
Provided during the period | 26,535 | 4,652 | 7,966 | 39,153
Disposals | (38,240 ) | - | - | (38,240 )
As at 31 May 2025 | 178,907 | 40,629 | 55,925 | 275,461
Net Book Value
As at 31 May 2025 | 79,603 | 13,956 | 23,898 | 117,457
As at 1 June 2024 | 152,893 | 18,608 | 31,281 | 202,782

6. Stocks

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Work in progress | 3,930,358 |  | -

7. Debtors

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Due within one year
Prepayments and accrued income | 20,435 |  | 38,095
Other debtors | 1,872 |  | 1,872
Corporation tax recoverable assets | 100,109 |  | 100,109
Directors' loan accounts | - |  | 296,329
| 122,416 |  | 436,405

8. Creditors: Amounts Falling Due Within One Year

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Net obligations under finance lease and hire purchase contracts | 5,340 |  | 16,721
Bank loans and overdrafts | 10,000 |  | 27,500
Corporation tax | 1,877 |  | 61,874
PAYE and NI | 20,603 |  | 10,106
VAT | 265,759 |  | 348,742
Net wages | - |  | 3,980
Pension contributions | 3,169 |  | 2,657
Accruals and deferred income | 4,875 |  | 4,875
Directors' loan accounts | 144,050 |  | -
Payments on account | 5,326,708 |  | 1,390,314
| 5,782,381 |  | 1,866,769

9. Creditors: Amounts Falling Due After More Than One Year

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Net obligations under finance lease and hire purchase contracts | 39,895 |  | 78,693
Bank loans | 833 |  | 10,833
| 40,728 |  | 89,526

Page 6
Page 7
Holborn Adams Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 May 2025
10. Obligations Under Finance Leases and Hire Purchase

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
The future minimum finance lease payments are as follows:
Not later than one year | 5,340 |  | 16,721
Later than one year and not later than five years | 39,895 |  | 78,693
| 45,235 |  | 95,414
| 45,235 |  | 95,414

11. Share Capital

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Allotted, Called up and fully paid | 100 |  | 100

12. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:

| As at 1 June 2024 | Amounts advanced | Amounts repaid | Amounts written off | As at 31 May 2025
--- | --- | --- | --- | --- | ---
| £ | £ | £ | £ | £
Mr Adam Rasul | 296,329 | - | 296,329 | - | -

The above loan is unsecured, interest free and repayable on demand.
At the 31 May 2025 an amount of £144,050 was due from the Company to Mr Rasul.
Page 7