Acorah Software Products - Accounts Production 19.2.350 false true 31 March 2024 1 April 2023 false 1 April 2024 31 March 2025 31 March 2025 00517689 Mrs Christine Coe Mrs Katy Coe Mrs Lucy Woolam Mr Roger Coe Mrs Christine Coe false iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 00517689 2024-03-31 00517689 2025-03-31 00517689 2024-04-01 2025-03-31 00517689 frs-core:CurrentFinancialInstruments 2025-03-31 00517689 frs-core:Non-currentFinancialInstruments 2025-03-31 00517689 frs-core:BetweenOneFiveYears 2025-03-31 00517689 frs-core:ComputerEquipment 2025-03-31 00517689 frs-core:ComputerEquipment 2024-04-01 2025-03-31 00517689 frs-core:ComputerEquipment 2024-03-31 00517689 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2024-04-01 2025-03-31 00517689 frs-core:FurnitureFittings 2025-03-31 00517689 frs-core:FurnitureFittings 2024-04-01 2025-03-31 00517689 frs-core:FurnitureFittings 2024-03-31 00517689 frs-core:NetGoodwill 2025-03-31 00517689 frs-core:NetGoodwill 2024-03-31 00517689 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2025-03-31 00517689 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-04-01 2025-03-31 00517689 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-03-31 00517689 frs-core:MotorVehicles 2025-03-31 00517689 frs-core:MotorVehicles 2024-04-01 2025-03-31 00517689 frs-core:MotorVehicles 2024-03-31 00517689 frs-core:OtherResidualIntangibleAssets 2025-03-31 00517689 frs-core:OtherResidualIntangibleAssets 2024-03-31 00517689 frs-core:PlantMachinery 2025-03-31 00517689 frs-core:PlantMachinery 2024-04-01 2025-03-31 00517689 frs-core:PlantMachinery 2024-03-31 00517689 frs-core:WithinOneYear 2025-03-31 00517689 frs-core:RevaluationReserve 2024-03-31 00517689 frs-core:RevaluationReserve 2025-03-31 00517689 frs-core:ShareCapital 2025-03-31 00517689 frs-core:RetainedEarningsAccumulatedLosses 2024-04-01 2025-03-31 00517689 frs-core:RetainedEarningsAccumulatedLosses frs-core:PreviouslyStatedAmount 2024-03-31 00517689 frs-core:RetainedEarningsAccumulatedLosses 2025-03-31 00517689 frs-bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 00517689 frs-bus:FilletedAccounts 2024-04-01 2025-03-31 00517689 frs-bus:SmallEntities 2024-04-01 2025-03-31 00517689 frs-bus:AuditExempt-NoAccountantsReport 2024-04-01 2025-03-31 00517689 frs-bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 00517689 1 2024-04-01 2025-03-31 00517689 frs-core:UnlistedNon-exchangeTraded 2025-03-31 00517689 frs-core:UnlistedNon-exchangeTraded 2024-03-31 00517689 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2024-03-31 00517689 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2025-03-31 00517689 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2024-03-31 00517689 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2025-03-31 00517689 frs-bus:Director1 2024-04-01 2025-03-31 00517689 frs-bus:Director2 2024-04-01 2025-03-31 00517689 frs-bus:Director3 2024-04-01 2025-03-31 00517689 frs-bus:Director4 2024-04-01 2025-03-31 00517689 frs-bus:CompanySecretary1 2024-04-01 2025-03-31 00517689 frs-core:CurrentFinancialInstruments 2 2025-03-31 00517689 frs-core:CurrentFinancialInstruments 3 2025-03-31 00517689 frs-countries:EnglandWales 2024-04-01 2025-03-31 00517689 2023-03-31 00517689 2024-03-31 00517689 2023-04-01 2024-03-31 00517689 frs-core:CurrentFinancialInstruments 2024-03-31 00517689 frs-core:Non-currentFinancialInstruments 2024-03-31 00517689 frs-core:BetweenOneFiveYears 2024-03-31 00517689 frs-core:FurnitureFittings 2023-04-01 2024-03-31 00517689 frs-core:MoreThanFiveYears 2024-03-31 00517689 frs-core:WithinOneYear 2024-03-31 00517689 frs-core:RevaluationReserve 2024-03-31 00517689 frs-core:ShareCapital 2024-03-31 00517689 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 00517689 frs-core:CurrentFinancialInstruments 2 2024-03-31 00517689 frs-core:CurrentFinancialInstruments 3 2024-03-31
Registered number: 00517689
F.K.Coe & Son Limited
Unaudited Financial Statements
For The Year Ended 31 March 2025
TJM Accountancy Services
Waterloo House
Back Street
Gayton
Norfolk
PE32 1QR
F.K.Coe & Son Limited
Contents
Contents

| Page
--- | ---
Balance Sheet | 1—2
Notes to the Financial Statements | 3—8

Page 1
F.K.Coe & Son Limited
Balance Sheet
As At 31 March 2025
Balance Sheet
Registered number: 00517689

| 2025 | 2024
--- | --- | ---
| Notes | £ | £ | £ | £
FIXED ASSETS
Intangible Assets | 4 |  | 5,415 |  | 5,415
Tangible Assets | 5 |  | 5,201,327 |  | 5,517,080
Investments | 6 |  | 3,687 |  | 3,687
|  |  | 5,210,429 |  | 5,526,182
CURRENT ASSETS
Stocks | 7 | 170,216 |  | 160,180 |
Debtors | 8 | 158,381 |  | 171,925 |
Cash at bank and in hand |  | 214,784 |  | 114,929 |
|  | 543,381 |  | 447,034 |
Creditors: Amounts Falling Due Within One Year | 9 | (831,998 ) |  | (1,257,176 ) |
NET CURRENT ASSETS (LIABILITIES) |  |  | (288,617 ) |  | (810,142 )
TOTAL ASSETS LESS CURRENT LIABILITIES |  |  | 4,921,812 |  | 4,716,040
Creditors: Amounts Falling Due After More Than One Year | 10 |  | (2,236,766 ) |  | (2,127,440 )
NET ASSETS |  |  | 2,685,046 |  | 2,588,600
CAPITAL AND RESERVES
Called up share capital | 12 |  | 10,000 |  | 10,000
Revaluation reserve | 15 |  | 2,223,360 |  | 2,223,360
Profit and Loss Account |  |  | 451,686 |  | 355,240
SHAREHOLDERS' FUNDS |  |  | 2,685,046 |  | 2,588,600

Page 1
Page 2
F.K.Coe & Son Limited
Balance Sheet (continued)
As At 31 March 2025
For the year ending 31 March 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 Roger Coe Director
08/05/2026

The notes on pages 3 to 8 form part of these financial statements.
Page 2
Page 3
F.K.Coe & Son Limited
Notes to the Financial Statements
For The Year Ended 31 March 2025
Notes to the Financial Statements
1. General Information
F.K.Coe & Son Limited is a private company, limited by shares, incorporated in England & Wales, registered number 00517689 . The registered office is Manor Farm, Gayton Road, Grimston, Norfolk, PE32 1BG.
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 comprises revenue recognised by the company in respect of work done, crop sales and rents and arable subsidies received, exclusive of Value Added Tax.
Revenue is recognised in the following manner :
-Work done - on performance of the service for the customer,
-Crops and livestock sold - on physical delivery to the customer,
-Rent receivable - amounts receivable in the year,
-Subsidy income - in the year when the qualifying conditions entitling payment are met.
2.3. Intangible Fixed Assets and Amortisation - Other Intangible
Sugar beet quota is stated at cost less amortisation and has been fully amortised over its estimated useful life of 3 years.
Entitlements to receive the single farm payment have not been amortised since their useful economic life is uncertain and the directors consider the residual value of these to exceed cost.
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:
Freehold buildings are maintained to a high standard by the company, the costs of which are charged to the profit and loss account. Consequently, the directors believe that the lives of the buildings are so long, and their residual values are so great when compared with the original cost at which the buildings are included in the accounts, that the annual depreciation charge would be immaterial.

Freehold | 4% straight line
Implements & machinery | 20% reducing balance
Motor Vehicles | 25% reducing balance
Tractors and harvesters | 15% reducing balance
Office Equipment | 25% reducing balance

2.5. Leasing and Hire Purchase Contracts
Assets obtained under hire purchase contracts and 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 profit and loss account 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.
Costs have been determined from cost of production calculations as calculated by the company's management, whilst net realisable value represents estimated selling price for produce in store with values reduced in accordance with the guidance within H M Revenue & Customs help sheet IR232 and BIM55410.
Consumable stocks are valued at cost.
2.7. 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.
Page 3
Page 4
F.K.Coe & Son Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 March 2025
2.8. 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.
2.9. Pensions
The company operates a defined pension contribution scheme and the pension charge represents the amounts payable by the company to the fund in respect of the year.
2.10. Herd
The herd is stated at cost and additions to the herd are dealt with in accordance with the guidance within H M Revenue & Customs help sheet BIM5530.
Replacements and permanent disposals are accounted for in accordance with BIM55535 and BIM55540 respectively. Where the specific animal(s) cannot be identified, they are removed from the herd on a first in first out basis in accordance with the guidance detailed within BIM55555.
3. Average Number of Employees
Average number of employees, including directors, during the year was:

| 2025 |  | 2024
--- | --- | --- | ---
Office and administration | 6 |  | 6
Manufacturing | 3 |  | 3
| 9 |  | 9

4. Intangible Assets

| Goodwill | Single farm payment entitlements | Total
--- | --- | --- | ---
| £ | £ | £
Cost
As at 1 April 2024 | 11,208 | 5,415 | 16,623
As at 31 March 2025 | 11,208 | 5,415 | 16,623
Amortisation
As at 1 April 2024 | 11,208 | - | 11,208
As at 31 March 2025 | 11,208 | - | 11,208

...CONTINUED
Page 4
Page 5
F.K.Coe & Son Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 March 2025

Net Book Value
As at 31 March 2025 | - | 5,415 | 5,415
As at 1 April 2024 | - | 5,415 | 5,415

5. Tangible Assets

| Land & Property
--- | ---
| Freehold | Implements & machinery | Motor Vehicles | Tractors and harvesters
| £ | £ | £ | £
Cost
As at 1 April 2024 | 4,982,430 | 978,485 | 44,049 | 1,021,370
Additions | 8,276 | 10,695 | - | 14,250
Disposals | (195,797 ) | (39,261 ) | - | (8,000 )
As at 31 March 2025 | 4,794,909 | 949,919 | 44,049 | 1,027,620
Depreciation
As at 1 April 2024 | 334,332 | 697,419 | 35,814 | 473,038
Provided during the period | 20,669 | 34,758 | 2,058 | 82,702
Disposals | - | (29,140 ) | - | (6,147 )
As at 31 March 2025 | 355,001 | 703,037 | 37,872 | 549,593
Net Book Value
As at 31 March 2025 | 4,439,908 | 246,882 | 6,177 | 478,027
As at 1 April 2024 | 4,648,098 | 281,066 | 8,235 | 548,332

| Office Equipment | Total
--- | --- | ---
| £ | £
Cost
As at 1 April 2024 | 83,021 | 7,109,355
Additions | 8,954 | 42,175
Disposals | (1,986 ) | (245,044 )
As at 31 March 2025 | 89,989 | 6,906,486
Depreciation
As at 1 April 2024 | 51,672 | 1,592,275
Provided during the period | 9,865 | 150,052
Disposals | (1,881 ) | (37,168 )
As at 31 March 2025 | 59,656 | 1,705,159
Net Book Value
As at 31 March 2025 | 30,333 | 5,201,327
As at 1 April 2024 | 31,349 | 5,517,080

Page 5
Page 6
F.K.Coe & Son Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 March 2025
Included above are assets held under finance leases or hire purchase contracts with a net book value as follows:

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Tractors and harvesters | 430,768 |  | 506,785

6. Investments

| Unlisted
--- | ---
| £
Cost or Valuation
As at 1 April 2024 | 3,687
As at 31 March 2025 | 3,687
Provision
As at 1 April 2024 | -
As at 31 March 2025 | -
Net Book Value
As at 31 March 2025 | 3,687
As at 1 April 2024 | 3,687

7. Stocks

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Stock - cultivations | 150,285 |  | 144,093
Stock - crops in store | 10,423 |  | 5,736
Stock - consumables | 9,508 |  | 10,351
| 170,216 |  | 160,180

8. Debtors

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Due within one year
Trade debtors | 152,279 |  | 150,027
Prepayments and accrued income | 4,402 |  | 5,198
Other debtors | 1,700 |  | 16,700
| 158,381 |  | 171,925

Page 6
Page 7
F.K.Coe & Son Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 March 2025
9. Creditors: Amounts Falling Due Within One Year

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Net obligations under finance lease and hire purchase contracts | 78,256 |  | 75,633
Trade creditors | 93,866 |  | 94,377
Bank loans and overdrafts | 131,209 |  | 623,243
Corporation tax | 1,039 |  | 32
Other taxes and social security | 9,070 |  | 7,592
VAT | 77,884 |  | 68,042
Pension fund loan (2) (Current liabilities - creditors < 1 year) | (5,253 ) |  | (4,308 )
Other creditors | 195,763 |  | 138,580
Accruals and deferred income | 95,294 |  | 86,095
Directors' loan accounts | 154,870 |  | 167,890
| 831,998 |  | 1,257,176

The bank loans and overdraft are secured by fixed charges over the company's freehold land and buildings. The other loan is unsecured.
Obligations under finance leases and hire purchase contracts are secured on the assets financed.
10. Creditors: Amounts Falling Due After More Than One Year

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Net obligations under finance lease and hire purchase contracts | 155,130 |  | 252,287
Bank loans | 2,081,636 |  | 1,875,153
| 2,236,766 |  | 2,127,440

The bank loans are secured by fixed charges over the compnay's freehold land & buildings.
Obligations under finance leases and hire purchase contracts are secured on the assets financed.
11. Obligations Under Finance Leases and Hire Purchase

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
The future minimum finance lease payments are as follows:
Not later than one year | 78,256 |  | 75,633
Later than one year and not later than five years | 155,130 |  | 231,725
Later than five years | - |  | 20,562
| 233,386 |  | 327,920
| 233,386 |  | 327,920

12. Share Capital

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Allotted, Called up and fully paid | 10,000 |  | 10,000

Page 7
Page 8
F.K.Coe & Son Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 March 2025
13. Pension Commitments
The company operates a defined contribution pension scheme. The assets of the scheme are held sepoerately from those of the company in an independently administered fund. The pension cost charge represents contributions payable by the company to the fund and amounted to £240 (2024 - £240)
14. Directors Advances, Credits and Guarantees
Dividends paid to directors

| 2025 | 2024
--- | --- | ---
| £ | £
Mrs Katy Coe | - | 5,000

15. Reserves

| Revaluation reserve | Profit and Loss Account
--- | --- | ---
| £ | £
As at 1 April 2024 | 2,223,360 | 355,240
Profit for the year and total comprehensive income | - | 111,946
Dividends paid | - | (15,500)
As at 31 March 2025 | 2,223,360 | 451,686

16. Related Party Transactions
The company pays an annual rent of £8,800 to the Coe Pension Scheme in respect of the use of various farm buildings owned by the pension scheme. At the balance sheet date the company were owed £5,253 (2024 £4,308) from/to the pension scheme. This balance is included on other debtors.
As at 31 March 2025, the following balances were owed by the company :
Each of the balances below is included in creditors due within one year in note 11 to the financial statements.
R F Coe - director £41,816 (2024 - £44,732)
Mrs C A Coe - director £108,038 (2024 - £118,188)
Mrs L J C Woollam - director £4,970 (2024 - £4,970)
Miss K C V Coe - director £46 (2024 - £0)
17. Controlling Party
The company's controlling party is R F Coe by virtue of his ownership of 80% of the issued share capital in the company.
Page 8