Acorah Software Products - Accounts Production 16.3.350 false true true 30 June 2024 1 July 2023 false 1 July 2024 30 June 2025 30 June 2025 10223825 Mr Richard Canavan Mrs Julia Canavan iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 10223825 2024-06-30 10223825 2025-06-30 10223825 2024-07-01 2025-06-30 10223825 frs-core:CurrentFinancialInstruments 2025-06-30 10223825 frs-core:ComputerEquipment 2025-06-30 10223825 frs-core:ComputerEquipment 2024-07-01 2025-06-30 10223825 frs-core:ComputerEquipment 2024-06-30 10223825 frs-core:FurnitureFittings 2025-06-30 10223825 frs-core:FurnitureFittings 2024-07-01 2025-06-30 10223825 frs-core:FurnitureFittings 2024-06-30 10223825 frs-core:MotorVehicles 2025-06-30 10223825 frs-core:MotorVehicles 2024-07-01 2025-06-30 10223825 frs-core:MotorVehicles 2024-06-30 10223825 frs-core:PlantMachinery 2025-06-30 10223825 frs-core:PlantMachinery 2024-07-01 2025-06-30 10223825 frs-core:PlantMachinery 2024-06-30 10223825 frs-core:ShareCapital 2025-06-30 10223825 frs-core:RetainedEarningsAccumulatedLosses 2025-06-30 10223825 frs-bus:PrivateLimitedCompanyLtd 2024-07-01 2025-06-30 10223825 frs-bus:FilletedAccounts 2024-07-01 2025-06-30 10223825 frs-bus:SmallEntities 2024-07-01 2025-06-30 10223825 frs-bus:AuditExemptWithAccountantsReport 2024-07-01 2025-06-30 10223825 frs-bus:SmallCompaniesRegimeForAccounts 2024-07-01 2025-06-30 10223825 frs-core:CostValuation 2024-06-30 10223825 frs-core:CostValuation 2025-06-30 10223825 frs-core:ProvisionsForImpairmentInvestments 2024-06-30 10223825 frs-core:ProvisionsForImpairmentInvestments 2025-06-30 10223825 frs-bus:Director1 2024-07-01 2025-06-30 10223825 frs-bus:Director2 2024-07-01 2025-06-30 10223825 frs-countries:EnglandWales 2024-07-01 2025-06-30 10223825 2023-06-30 10223825 2024-06-30 10223825 2023-07-01 2024-06-30 10223825 frs-core:CurrentFinancialInstruments 2024-06-30 10223825 frs-core:ShareCapital 2024-06-30 10223825 frs-core:RetainedEarningsAccumulatedLosses 2024-06-30
Registered number: 10223825
Richard Canavan LTD
Unaudited Financial Statements
For The Year Ended 30 June 2025
Oxwich Accountancy Limited
ICAEW member firm number C006246679
Richard Canavan LTD
Contents
Contents

| Page
--- | ---
Company Information | 1
Accountants' Report | 2
Balance Sheet | 3—4
Notes to the Financial Statements | 5—8

Page 1
Richard Canavan LTD
Company Information
For The Year Ended 30 June 2025
Company Information

Directors | Mr Richard Canavan
| Mrs Julia Canavan
Company Number | 10223825
Registered Office | 8 Lilley Mead
| Redhill
| RH1 2NY
Accountants | Oxwich Accountancy Limited
| ICAEW member firm number C006246679
| 113 Canalside
| Redhill
| Surrey
| RH1 2FH

Page 1
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Richard Canavan LTD
Accountants' Report
For The Year Ended 30 June 2025
Accountants' Report
Chartered Accountants' report to the directors on the preparation of the unaudited statutory accounts of Richard Canavan LTD for the year ended 30 June 2025
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Richard Canavan LTD for the year ended 30 June 2025 which comprise the Profit and Loss Account, the Balance Sheet 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 Richard Canavan LTD , as a body, in accordance with the terms of our engagement letter dated 21 January 2019. Our work has been undertaken solely to prepare for your approval the accounts of Richard Canavan LTD and state those matters that we have agreed to state to the directors of Richard Canavan LTD , 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 Richard Canavan LTD and its directors, as a body, for our work or for this report.
It is your duty to ensure that Richard Canavan LTD 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 Richard Canavan LTD . You consider that Richard Canavan LTD is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit of the accounts of Richard Canavan LTD . 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.

Dr. Ceri Rhys Williams
15/09/2025

Oxwich Accountancy Limited
ICAEW member firm number C006246679
113 Canalside
Redhill
Surrey
RH1 2FH
Page 2
Page 3
Richard Canavan LTD
Balance Sheet
As At 30 June 2025
Balance Sheet
Registered number: 10223825

| 2025 | 2024
--- | --- | ---
| Notes | £ | £ | £ | £
FIXED ASSETS
Tangible Assets | 4 |  | 42,805 |  | 48,585
Investments | 5 |  | 1 |  | 1
|  |  | 42,806 |  | 48,586
CURRENT ASSETS
Debtors | 6 | 220,232 |  | 190,313 |
Cash at bank and in hand |  | 127,561 |  | 104,210 |
|  | 347,793 |  | 294,523 |
Creditors: Amounts Falling Due Within One Year | 7 | (56,251 ) |  | (38,369 ) |
NET CURRENT ASSETS (LIABILITIES) |  |  | 291,542 |  | 256,154
TOTAL ASSETS LESS CURRENT LIABILITIES |  |  | 334,348 |  | 304,740
PROVISIONS FOR LIABILITIES
Deferred Taxation | 8 |  | (2,980 ) |  | (4,426 )
NET ASSETS |  |  | 331,368 |  | 300,314
CAPITAL AND RESERVES
Called up share capital | 9 |  | 100 |  | 100
Profit and Loss Account |  |  | 331,268 |  | 300,214
SHAREHOLDERS' FUNDS |  |  | 331,368 |  | 300,314

Page 3
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Richard Canavan LTD
Balance Sheet (continued)
As At 30 June 2025
For the year ending 30 June 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 Richard Canavan Director | Mrs Julia Canavan Director
16/09/2025

The notes on pages 5 to 8 form part of these financial statements.
Page 4
Page 5
Richard Canavan LTD
Notes to the Financial Statements
For The Year Ended 30 June 2025
Notes to the Financial Statements
1. General Information
Richard Canavan LTD is a private company, limited by shares, incorporated in England & Wales, registered number 10223825 . The registered office is 8 Lilley Mead, Redhill, RH1 2NY.
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. 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 royalties and similar income and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Royalties and Similar Income
Royalties and similar licence fee income is collected via third party rights agencies and similar intermediaries. Income is recognised in the period when the company is first notified the income has been earned.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. Turnover relating to the annual Production Music Awards is recognised on completion of the awards ceremony.
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 | 2 - 5 years
Motor Vehicles | 10 years
Fixtures & Fittings | 2 - 5 years
Computer Equipment | 2 years

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.
2.6. 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.
...CONTINUED
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Richard Canavan LTD
Notes to the Financial Statements (continued)
For The Year Ended 30 June 2025
2.6. Taxation - continued
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.
2.7. Pensions
The company operates a defined contribution pension scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
2.8. Government Grant
Government grants are recognised in the profit and loss account in an appropriate manner that matches them with the expenditure towards which they are intended to contribute.
Grants for immediate financial support or to cover costs already incurred are recognised immediately in the profit and loss account. Grants towards general activities of the entity over a specific period are recognised in the profit and loss account over that period.
Grants towards fixed assets are recognised over the expected useful lives of the related assets and are treated as deferred income and released to the profit and loss account over the useful life of the asset concerned.
All grants in the profit and loss account are recognised when all conditions for receipt have been complied with.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2024: 2)
2 2
4. Tangible Assets

| Plant & Machinery | Motor Vehicles | Fixtures & Fittings | Computer Equipment | Total
--- | --- | --- | --- | --- | ---
| £ | £ | £ | £ | £
Cost
As at 1 July 2024 | 17,861 | 56,148 | 2,132 | 24,494 | 100,635
Additions | - | - | - | 4,583 | 4,583
As at 30 June 2025 | 17,861 | 56,148 | 2,132 | 29,077 | 105,218
Depreciation
As at 1 July 2024 | 17,153 | 11,667 | 1,531 | 21,699 | 52,050
Provided during the period | 311 | 5,610 | 395 | 4,047 | 10,363
As at 30 June 2025 | 17,464 | 17,277 | 1,926 | 25,746 | 62,413
Net Book Value
As at 30 June 2025 | 397 | 38,871 | 206 | 3,331 | 42,805
As at 1 July 2024 | 708 | 44,481 | 601 | 2,795 | 48,585

Page 6
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Richard Canavan LTD
Notes to the Financial Statements (continued)
For The Year Ended 30 June 2025
5. Investments

| Subsidiaries
--- | ---
| £
Cost
As at 1 July 2024 | 1
As at 30 June 2025 | 1
Provision
As at 1 July 2024 | -
As at 30 June 2025 | -
Net Book Value
As at 30 June 2025 | 1
As at 1 July 2024 | 1

6. Debtors

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Due within one year
Trade debtors | 11,669 |  | 184
Prepayments and accrued income | 15,872 |  | 33,368
VAT | - |  | 2,125
Other taxes and social security | 4,245 |  | 129
Amounts owed by subsidiaries | 188,446 |  | 154,507
| 220,232 |  | 190,313

7. Creditors: Amounts Falling Due Within One Year

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Trade creditors | 6,867 |  | 17,442
Corporation tax | 12,909 |  | 4,493
VAT | 139 |  | -
Accruals and deferred income | 19,995 |  | 8,030
Directors' loan accounts | 16,341 |  | 8,404
| 56,251 |  | 38,369

8. Deferred Taxation
The provision for deferred tax is made up as follows:

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Other timing differences | 2,980 |  | 4,426

9. Share Capital

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

10. Directors Advances, Credits and Guarantees
Page 7
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Richard Canavan LTD
Notes to the Financial Statements (continued)
For The Year Ended 30 June 2025
Dividends paid to directors

| 2025 | 2024
--- | --- | ---
| £ | £
Mr Richard Canavan | 39,000 | 12,000
Mrs Julia Canavan | 13,000 | 4,000

11. Related Party Transactions
Amounts owed to company directorsIncluded in creditors are amounts owed to directors arising from dividends declared prior to year end that were not transferred until after year end. These amounts are non interest bearing and repayable on demand. The amounts owed are shown within the creditors note above.

Amounts owed to company directors

Included in creditors are amounts owed to directors arising from dividends declared prior to year end that were not transferred until after year end. These amounts are non interest bearing and repayable on demand. The amounts owed are shown within the creditors note above.

Onscore Limited100% subsidiary companyThe company continues to provide financial support to its subsidiary (Onscore Limited) by way of intercompany loans. These loans are repayable on demand. The outstanding loan amounts are shown in the debtors note above. During the year intercompany interest totalling £9,302 was received (prior year £nil). This includes £4,640 charged retrospectively on balances owed in previous years.

Onscore Limited

100% subsidiary company

The company continues to provide financial support to its subsidiary (Onscore Limited) by way of intercompany loans. These loans are repayable on demand. The outstanding loan amounts are shown in the debtors note above. During the year intercompany interest totalling £9,302 was received (prior year £nil). This includes £4,640 charged retrospectively on balances owed in previous years.

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