Acorah Software Products - Accounts Production 18.1.200 false true 31 January 2025 1 February 2024 false 1 February 2025 31 January 2026 31 January 2026 07140024 Mr Richard Watkinson Mr Simon Watkinson Mrs Kirsty Keeton Mr Benjamin Matthews Mr Alistair Smith Miss Amy Tillson Miss Rachel Horton R L Watkinson true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 07140024 2025-01-31 07140024 2026-01-31 07140024 2025-02-01 2026-01-31 07140024 frs-core:CurrentFinancialInstruments 2026-01-31 07140024 frs-core:Non-currentFinancialInstruments 2026-01-31 07140024 frs-core:BetweenOneFiveYears 2026-01-31 07140024 frs-core:ComputerEquipment 2026-01-31 07140024 frs-core:ComputerEquipment 2025-02-01 2026-01-31 07140024 frs-core:ComputerEquipment 2025-01-31 07140024 frs-core:FurnitureFittings 2026-01-31 07140024 frs-core:FurnitureFittings 2025-02-01 2026-01-31 07140024 frs-core:FurnitureFittings 2025-01-31 07140024 frs-core:NetGoodwill 2026-01-31 07140024 frs-core:NetGoodwill 2025-02-01 2026-01-31 07140024 frs-core:NetGoodwill 2025-01-31 07140024 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2026-01-31 07140024 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2025-02-01 2026-01-31 07140024 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2025-01-31 07140024 frs-core:MotorVehicles 2026-01-31 07140024 frs-core:MotorVehicles 2025-02-01 2026-01-31 07140024 frs-core:MotorVehicles 2025-01-31 07140024 frs-core:WithinOneYear 2026-01-31 07140024 frs-core:ShareCapital 2026-01-31 07140024 frs-core:RetainedEarningsAccumulatedLosses 2026-01-31 07140024 frs-bus:PrivateLimitedCompanyLtd 2025-02-01 2026-01-31 07140024 frs-bus:FilletedAccounts 2025-02-01 2026-01-31 07140024 frs-bus:SmallEntities 2025-02-01 2026-01-31 07140024 frs-bus:AuditExempt-NoAccountantsReport 2025-02-01 2026-01-31 07140024 frs-bus:SmallCompaniesRegimeForAccounts 2025-02-01 2026-01-31 07140024 1 2025-02-01 2026-01-31 07140024 frs-bus:Director1 2025-02-01 2026-01-31 07140024 frs-bus:Director2 2025-02-01 2026-01-31 07140024 frs-bus:Director3 2025-02-01 2026-01-31 07140024 frs-bus:Director4 2025-02-01 2026-01-31 07140024 frs-bus:Director5 2025-02-01 2026-01-31 07140024 frs-bus:Director6 2025-02-01 2026-01-31 07140024 frs-bus:Director7 2025-02-01 2026-01-31 07140024 1 2025-02-01 2026-01-31 07140024 frs-countries:EnglandWales 2025-02-01 2026-01-31 07140024 2024-01-31 07140024 2025-01-31 07140024 2024-02-01 2025-01-31 07140024 frs-core:CurrentFinancialInstruments 2025-01-31 07140024 frs-core:Non-currentFinancialInstruments 2025-01-31 07140024 frs-core:BetweenOneFiveYears 2025-01-31 07140024 frs-core:WithinOneYear 2025-01-31 07140024 frs-core:ShareCapital 2025-01-31 07140024 frs-core:RetainedEarningsAccumulatedLosses 2025-01-31 07140024 1 2024-02-01 2025-01-31
Registered number: 07140024
Richard Watkinson Limited
Unaudited Financial Statements
For The Year Ended 31 January 2026
Barker Maule & Co
Chartered Accountants
Ground Suite
Navigation House
Newark
Nottinghamshire
NG24 4TS
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—7
Page 1
Balance Sheet
Registered number: 07140024
2026 2025
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 306,046 336,651
Tangible Assets 5 278,102 242,727
584,148 579,378
CURRENT ASSETS
Debtors 6 120,519 159,488
Cash at bank and in hand 22,031 69,977
142,550 229,465
Creditors: Amounts Falling Due Within One Year 7 (259,013 ) (281,202 )
NET CURRENT ASSETS (LIABILITIES) (116,463 ) (51,737 )
TOTAL ASSETS LESS CURRENT LIABILITIES 467,685 527,641
Creditors: Amounts Falling Due After More Than One Year 8 (5,038 ) (18,114 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (13,031 ) (5,172 )
NET ASSETS 449,616 504,355
CAPITAL AND RESERVES
Called up share capital 10 500,000 500,000
Profit and Loss Account (50,384 ) 4,355
SHAREHOLDERS' FUNDS 449,616 504,355
Page 1
Page 2
For the year ending 31 January 2026 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 Watkinson
Director
30 April 2026
The notes on pages 3 to 7 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Richard Watkinson Limited is a private company, limited by shares, incorporated in England & Wales, registered number 07140024 . The registered office is 25 Stodman Street, Newark, Nottinghamshire, NG24 1AT.
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 the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
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 20 years.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at cost less depreciation. 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 2% Straight Line
Motor Vehicles 25% Reducing Balance
Fixtures & Fittings 25% Reducing Balance
Computer Equipment 33% 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 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.
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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 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 as follows: 38
2026 2025
Office and administration 31 25
Directors 7 7
38 32
4. Intangible Assets
Goodwill
£
Cost
As at 1 February 2025 612,095
As at 31 January 2026 612,095
Amortisation
As at 1 February 2025 275,444
Provided during the period 30,605
As at 31 January 2026 306,049
...CONTINUED
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Page 5
Net Book Value
As at 31 January 2026 306,046
As at 1 February 2025 336,651
5. Tangible Assets
Land & Property
Freehold Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 February 2025 250,050 1,178 117,084 111,427 479,739
Additions - - 49,637 17,715 67,352
As at 31 January 2026 250,050 1,178 166,721 129,142 547,091
Depreciation
As at 1 February 2025 40,008 1,178 90,285 105,541 237,012
Provided during the period 5,001 - 19,109 7,867 31,977
As at 31 January 2026 45,009 1,178 109,394 113,408 268,989
Net Book Value
As at 31 January 2026 205,041 - 57,327 15,734 278,102
As at 1 February 2025 210,042 - 26,799 5,886 242,727
6. Debtors
2026 2025
£ £
Due within one year
Trade debtors 61,767 77,551
Prepayments and accrued income 39,506 48,897
Other debtors - 386
Corporation tax recoverable assets 19,246 -
Directors' loan accounts - 32,654
120,519 159,488
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Page 6
7. Creditors: Amounts Falling Due Within One Year
2026 2025
£ £
Net obligations under finance lease and hire purchase contracts 3,452 -
Trade creditors 33,150 41,242
Bank loans and overdrafts 21,534 43,909
Corporation tax 433 64,928
Other taxes and social security 23,545 20,219
VAT 99,210 103,167
Other creditors 58,403 -
Accruals and deferred income 14,271 7,737
Directors' loan accounts 5,015 -
259,013 281,202
8. Creditors: Amounts Falling Due After More Than One Year
2026 2025
£ £
Net obligations under finance lease and hire purchase contracts 5,038 -
Bank loan - 18,114
5,038 18,114
9. Obligations Under Finance Leases and Hire Purchase
2026 2025
£ £
The future minimum finance lease payments are as follows:
Not later than one year 3,452 -
Later than one year and not later than five years 5,038 -
8,490 -
8,490 -
10. Share Capital
2026 2025
£ £
Allotted, Called up and fully paid 500,000 500,000
Page 6
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11. Dividends
2026 2025
£ £
On equity shares:
Final dividend paid - 59,000
12. Ultimate Controlling Party
The company's ultimate controlling party is R L Watkinson by virtue of his ownership of the issued share capital in the company.
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