Acorah Software Products - Accounts Production 19.1.200 false true 31 July 2024 1 August 2023 false 1 August 2024 31 July 2025 31 July 2025 NI601194 Mr G R Patterson iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure NI601194 2024-07-31 NI601194 2025-07-31 NI601194 2024-08-01 2025-07-31 NI601194 frs-core:CurrentFinancialInstruments 2025-07-31 NI601194 frs-core:ComputerEquipment 2025-07-31 NI601194 frs-core:ComputerEquipment 2024-08-01 2025-07-31 NI601194 frs-core:ComputerEquipment 2024-07-31 NI601194 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2024-08-01 2025-07-31 NI601194 frs-core:FurnitureFittings 2025-07-31 NI601194 frs-core:FurnitureFittings 2024-08-01 2025-07-31 NI601194 frs-core:FurnitureFittings 2024-07-31 NI601194 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2025-07-31 NI601194 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-08-01 2025-07-31 NI601194 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-07-31 NI601194 frs-core:OtherResidualIntangibleAssets 2025-07-31 NI601194 frs-core:OtherResidualIntangibleAssets 2024-07-31 NI601194 frs-core:PlantMachinery 2025-07-31 NI601194 frs-core:PlantMachinery 2024-08-01 2025-07-31 NI601194 frs-core:PlantMachinery 2024-07-31 NI601194 frs-core:ShareCapital 2025-07-31 NI601194 frs-core:RetainedEarningsAccumulatedLosses 2025-07-31 NI601194 frs-bus:PrivateLimitedCompanyLtd 2024-08-01 2025-07-31 NI601194 frs-bus:FilletedAccounts 2024-08-01 2025-07-31 NI601194 frs-bus:SmallEntities 2024-08-01 2025-07-31 NI601194 frs-bus:AuditExempt-NoAccountantsReport 2024-08-01 2025-07-31 NI601194 frs-bus:SmallCompaniesRegimeForAccounts 2024-08-01 2025-07-31 NI601194 frs-bus:Director1 2024-08-01 2025-07-31 NI601194 frs-bus:Director1 2024-07-31 NI601194 frs-bus:Director1 2025-07-31 NI601194 frs-countries:NorthernIreland 2024-08-01 2025-07-31 NI601194 2023-07-31 NI601194 2024-07-31 NI601194 2023-08-01 2024-07-31 NI601194 frs-core:CurrentFinancialInstruments 2024-07-31 NI601194 frs-core:ShareCapital 2024-07-31 NI601194 frs-core:RetainedEarningsAccumulatedLosses 2024-07-31
Registered number: NI601194
Patterson Retail Ltd
Unaudited Financial Statements
For The Year Ended 31 July 2025
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: NI601194
2025 2024
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 102,739 102,739
Tangible Assets 5 3,596 5,197
106,335 107,936
CURRENT ASSETS
Stocks 6 3,678 3,284
Debtors 7 2,606,519 1,048,636
Cash at bank and in hand 21,193 30,572
2,631,390 1,082,492
Creditors: Amounts Falling Due Within One Year 8 (2,496,545 ) (963,027 )
NET CURRENT ASSETS (LIABILITIES) 134,845 119,465
TOTAL ASSETS LESS CURRENT LIABILITIES 241,180 227,401
NET ASSETS 241,180 227,401
CAPITAL AND RESERVES
Called up share capital 9 2 2
Profit and Loss Account 241,178 227,399
SHAREHOLDERS' FUNDS 241,180 227,401
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For the year ending 31 July 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.
The financial statements were approved by the board of directors on 23 April 2026 and were signed on its behalf by:
Mr G R Patterson
Director
23 April 2026
The notes on pages 3 to 6 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Patterson Retail Ltd is a private company, limited by shares, incorporated in Northern Ireland, registered number NI601194 . The registered office is Building 2 The Sidings, Antrim Road, Lisburn, Co. Antrim, BT28 3AJ.
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 prepared in sterling which is the functional curreny ofthe entity rounded to the nearest pound.
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.
2.3. Intangible Fixed Assets and Amortisation - Other Intangible
Other intangible assets are initially recognised at cost.  After initial recognisation, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.
Patents and licences are being amortised to profit and loss account evenly over its estimated economic life.
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:
Leasehold 20% straight line
Plant & Machinery 20% straight line
Fixtures & Fittings 20% straight line
Computer Equipment 20% straight line
2.5. 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. 
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell.  Cost includeds all costs of purchase, costs of conversion and other costs incurred in bringing stock to its present location and condition. Cost is calculated using the first-in, first-out formula.  Provision is made for damaged, obsolete and slow-moving stock where appropriate.
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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.
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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 27 (2024: 30)
27 30
4. Intangible Assets
Other
£
Cost
As at 1 August 2024 102,739
As at 31 July 2025 102,739
Net Book Value
As at 31 July 2025 102,739
As at 1 August 2024 102,739
5. Tangible Assets
Land & Property
Leasehold Plant & Machinery Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 August 2024 19,499 1,862 44,954 11,768 78,083
Additions - 490 - - 490
As at 31 July 2025 19,499 2,352 44,954 11,768 78,573
...CONTINUED
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Depreciation
As at 1 August 2024 14,972 1,244 44,936 11,734 72,886
Provided during the period 1,685 354 18 34 2,091
As at 31 July 2025 16,657 1,598 44,954 11,768 74,977
Net Book Value
As at 31 July 2025 2,842 754 - - 3,596
As at 1 August 2024 4,527 618 18 34 5,197
6. Stocks
2025 2024
£ £
Stock 3,678 3,284
7. Debtors
2025 2024
£ £
Due within one year
Other debtors 1,572,992 830,272
Due after more than one year
Other debtors 1,033,527 218,364
2,606,519 1,048,636
8. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 5,017 6,514
Bank loans and overdrafts 1,666,040 624,003
Other creditors 8,962 550
Taxation and social security 816,526 331,960
2,496,545 963,027
9. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 2 2
10. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 August 2024 Amounts advanced Amounts repaid Amounts written off As at 31 July 2025
£ £ £ £ £
Mr George Patterson 647,003 983,545 99,400 - 1,531,148
The above loan is repayable on demand with interest charged at the official rate of interest.
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11. Related Party Transactions
Patterson Retail Ltd has an inter company loan of £1,531,148 (2024: £647,003) with G. P. Marketing Limited, a company that the director G R Patterson is also a director.  This amount is included within other debtors.  In the opinion of the director, these amounts arise in the ordinary course of business and the terms of the amounts due are in accordance with the terms of ordinarily offered by the company.
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