Acorah Software Products - Accounts Production 18.1.170 false true 31 March 2024 1 April 2023 false 1 April 2024 30 September 2025 30 September 2025 03147366 Mr Iain Wilson Miss Elizabeth Baker C/O CAD Accountancy Ltd, Office 1, The Warehouse, Anchor Quay, Penryn, Cornwall, TR10 8GZ true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 03147366 2024-03-31 03147366 2025-09-30 03147366 2024-04-01 2025-09-30 03147366 frs-core:Non-currentFinancialInstruments 2025-09-30 03147366 frs-core:BetweenOneFiveYears 2025-09-30 03147366 frs-core:ComputerEquipment 2024-04-01 2025-09-30 03147366 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2024-04-01 2025-09-30 03147366 frs-core:FurnitureFittings 2024-04-01 2025-09-30 03147366 frs-core:NetGoodwill 2024-04-01 2025-09-30 03147366 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-04-01 2025-09-30 03147366 frs-core:MotorVehicles 2024-04-01 2025-09-30 03147366 frs-core:PlantMachinery 2024-04-01 2025-09-30 03147366 frs-core:WithinOneYear 2025-09-30 03147366 frs-core:RevaluationReserve 2024-03-31 03147366 frs-core:RevaluationReserve 2025-09-30 03147366 frs-core:ShareCapital 2025-09-30 03147366 frs-core:RetainedEarningsAccumulatedLosses 2024-04-01 2025-09-30 03147366 frs-core:RetainedEarningsAccumulatedLosses frs-core:PreviouslyStatedAmount 2024-03-31 03147366 frs-core:RetainedEarningsAccumulatedLosses 2025-09-30 03147366 frs-bus:PrivateLimitedCompanyLtd 2024-04-01 2025-09-30 03147366 frs-bus:AbridgedAccounts 2024-04-01 2025-09-30 03147366 frs-bus:SmallEntities 2024-04-01 2025-09-30 03147366 frs-bus:AuditExempt-NoAccountantsReport 2024-04-01 2025-09-30 03147366 frs-bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-09-30 03147366 1 2024-04-01 2025-09-30 03147366 frs-core:CostValuation 2024-03-31 03147366 frs-core:DisposalsRepaymentsInvestments 2025-09-30 03147366 frs-core:CostValuation 2025-09-30 03147366 frs-bus:Director1 2024-04-01 2025-09-30 03147366 frs-bus:Director1 2024-03-31 03147366 frs-bus:Director1 2025-09-30 03147366 frs-bus:CompanySecretary1 2024-04-01 2025-09-30 03147366 frs-countries:EnglandWales 2024-04-01 2025-09-30 03147366 2023-03-31 03147366 2024-03-31 03147366 2023-04-01 2024-03-31 03147366 frs-core:Non-currentFinancialInstruments 2024-03-31 03147366 frs-core:BetweenOneFiveYears 2024-03-31 03147366 frs-core:WithinOneYear 2024-03-31 03147366 frs-core:RevaluationReserve 2024-03-31 03147366 frs-core:ShareCapital 2024-03-31 03147366 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31
Registered number: 03147366
Laser Industries Limited
Unaudited ABRIDGED Financial Statements
For the Period 1 April 2024 to 30 September 2025
CAD Accountancy Ltd
Laser Industries Limited
Contents
Contents

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

Page 1
Laser Industries Limited
Abridged Balance Sheet
As At 30 September 2025
Abridged Balance Sheet
Registered number: 03147366

| 30 September 2025 | 31 March 2024
--- | --- | ---
| Notes | £ | £ | £ | £
FIXED ASSETS
Intangible Assets | 4 |  | 28,539 |  | 74,082
Tangible Assets | 5 |  | 1,393,798 |  | 1,756,406
Investments | 6 |  | - |  | 680,000
|  |  | 1,422,337 |  | 2,510,488
CURRENT ASSETS
Stocks |  | 55,933 |  | 265,458 |
Debtors |  | 693,648 |  | 923,872 |
Cash at bank and in hand |  | 111,949 |  | 206,742 |
|  | 861,530 |  | 1,396,072 |
Creditors: Amounts Falling Due Within One Year |  | (1,283,252 ) |  | (1,184,431 ) |
NET CURRENT ASSETS (LIABILITIES) |  |  | (421,722 ) |  | 211,641
TOTAL ASSETS LESS CURRENT LIABILITIES |  |  | 1,000,615 |  | 2,722,129
Creditors: Amounts Falling Due After More Than One Year |  |  | (97,178 ) |  | (356,762 )
PROVISIONS FOR LIABILITIES
Deferred Taxation |  |  | (293,430 ) |  | (355,581 )
NET ASSETS |  |  | 610,007 |  | 2,009,786
CAPITAL AND RESERVES
Called up share capital | 8 |  | 1,000 |  | 1,000
Revaluation reserve | 10 |  | 158,632 |  | 158,632
Profit and Loss Account |  |  | 450,375 |  | 1,850,154
SHAREHOLDERS' FUNDS |  |  | 610,007 |  | 2,009,786

Page 1
Page 2
Laser Industries Limited
Abridged Balance Sheet (continued)
As At 30 September 2025
For the period ending 30 September 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.
All of the company's members have consented to the preparation of an Abridged Balance Sheet for the year end 30 September 2025 in accordance with section 444(2A) of the Companies Act 2006.
On behalf of the board

Mr Iain Wilson Director
9th April 2026

The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
Laser Industries Limited
Notes to the Abridged Financial Statements
For the Period 1 April 2024 to 30 September 2025
Notes to the Abridged Financial Statements
1. General Information
Laser Industries Limited is a private company, limited by shares, incorporated in England & Wales, registered number 03147366 . The registered office is Office 1, The Warehouse, Anchor Quay, Penryn, Cornwall, TR10 8GZ.
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 profit and loss account over its estimated economic life of 10 years.
2.4. Intangible Fixed Assets and Amortisation - Other Intangible
Other intangible assets are amortised to 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. 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:

Leasehold | 8 years straight line
Plant & Machinery | 10% reducing balance
Motor Vehicles | 20% 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 applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.
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.
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Page 4
Laser Industries Limited
Notes to the Abridged Financial Statements (continued)
For the Period 1 April 2024 to 30 September 2025
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.
Basic financial assets
Basic financial assets receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.
Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.
Financial assets are derecognised when and only when the contractual rights to the cash flows from the financial asset expire or are settled, or the Company transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or the Company, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.
Basic financial liabilities
Basic financial liabilities that have no stated interest rate and are payable within one year, such as trade creditors, are measured at transaction price.
Other basic financial liabilities are measured at amortised cost.
Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.
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 period, 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.
3. Average Number of Employees
Average number of employees, including directors, during the period was: 24 (2024: 24)
24 24
Page 4
Page 5
Laser Industries Limited
Notes to the Abridged Financial Statements (continued)
For the Period 1 April 2024 to 30 September 2025
4. Intangible Assets

| Total
--- | ---
| £
Cost
As at 1 April 2024 | 318,933
As at 30 September 2025 | 318,933
Amortisation
As at 1 April 2024 | 244,851
Provided during the period | 45,543
As at 30 September 2025 | 290,394
Net Book Value
As at 30 September 2025 | 28,539
As at 1 April 2024 | 74,082

5. Tangible Assets

| Total
--- | ---
| £
Cost or Valuation
As at 1 April 2024 | 3,706,785
Additions | 83,590
Disposals | (78,665 )
As at 30 September 2025 | 3,711,710
Depreciation
As at 1 April 2024 | 1,950,379
Provided during the period | 367,533
As at 30 September 2025 | 2,317,912
Net Book Value
As at 30 September 2025 | 1,393,798
As at 1 April 2024 | 1,756,406

6. Investments

| Total
--- | ---
| £
Cost or Valuation
As at 1 April 2024 | 680,000
Disposals | (680,000 )
As at 30 September 2025 | -
Provision
As at 1 April 2024 | -
As at 30 September 2025 | -

...CONTINUED
Page 5
Page 6
Laser Industries Limited
Notes to the Abridged Financial Statements (continued)
For the Period 1 April 2024 to 30 September 2025

Net Book Value
As at 30 September 2025 | -
As at 1 April 2024 | 680,000

7. Obligations Under Finance Leases and Hire Purchase

| 30 September 2025 |  | 31 March 2024
--- | --- | --- | ---
| £ |  | £
The future minimum finance lease payments are as follows:
Not later than one year | 88,196 |  | 88,196
Later than one year and not later than five years | 59,678 |  | 184,262
| 147,874 |  | 272,458
| 147,874 |  | 272,458

8. Share Capital

| 30 September 2025 |  | 31 March 2024
--- | --- | --- | ---
| £ |  | £
Allotted, Called up and fully paid | 1,000 |  | 1,000

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

| As at 1 April 2024 | Amounts advanced | Amounts repaid | Amounts written off | As at 30 September 2025
--- | --- | --- | --- | --- | ---
| £ | £ | £ | £ | £
Mr Iain Wilson | 89,402 | 1,910 | (91,312 ) | - | -

The above loan is unsecured, interest free and repayable on demand.
10. Reserves

| Revaluation reserve | Profit and Loss Account
--- | --- | ---
| £ | £
As at 1 April 2024 | 158,632 | 1,850,154
Profit for the period and total comprehensive income | - | 415,279
Dividends paid | - | (1,815,058)
As at 30 September 2025 | 158,632 | 450,375

11. Ultimate Parent Undertaking and Controlling Party
The company's ultimate parent undertaking is Metal (Holdings) Trustees Limited. The company is controlled by the trustees of the Metal (Holdings) Trustees Limited Employee Ownership Trust. The trust holds a controlling interest in the company for the benefit of the employees.
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