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Registered number: 09134076
Relay Publishing Ltd
Unaudited ABRIDGED Financial Statements
For The Year Ended 31 July 2025
Approved Accountancy
Contents
Page
Abridged Balance Sheet 1—2
Notes to the Abridged Financial Statements 3—5
Page 1
Abridged Balance Sheet
Registered number: 09134076
2025 2024
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 125,279 127,223
Tangible Assets 5 1,827 1,278
127,106 128,501
CURRENT ASSETS
Debtors 76,285 75,936
Cash at bank and in hand 423,790 477,196
500,075 553,132
Creditors: Amounts Falling Due Within One Year (79,921 ) (69,472 )
NET CURRENT ASSETS (LIABILITIES) 420,154 483,660
TOTAL ASSETS LESS CURRENT LIABILITIES 547,260 612,161
NET ASSETS 547,260 612,161
CAPITAL AND RESERVES
Called up share capital 7 1 1
Profit and Loss Account 547,259 612,160
SHAREHOLDERS' FUNDS 547,260 612,161
Page 1
Page 2
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.
All of the company's members have consented to the preparation of an Abridged Profit and Loss Account and an Abridged Balance Sheet for the year end 31 July 2025 in accordance with section 444(2A) of the Companies Act 2006.
On behalf of the board
Mr Harry Wallett
Director
08/05/2026
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Abridged Financial Statements
1. General Information
Relay Publishing Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 09134076 . The registered office is 9 Elms Road, Fleet, Hampshire, GU51 3EG.
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 the profit and loss account over its estimated economic life of .... years.
2.4. Intangible Fixed Assets and Amortisation - Other Intangible
Other intangible assets are .... It is amortised to the profit and loss account over its estimated economic life of .... years.
2.5. Intangible Fixed Assets and Amortisation - Intellectual Property
Intellectual property assets are .... It is amortised to the profit and loss account over its estimated economic life of 13.5 years.
2.6. 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 0
Leasehold 0
Plant & Machinery 0
Motor Vehicles 0
Fixtures & Fittings 0
Computer Equipment 0
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Page 4
2.7. 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: 6 (2024: 6)
6 6
4. Intangible Assets
Total
£
Cost
As at 1 August 2024 155,647
Additions 8,046
As at 31 July 2025 163,693
Amortisation
As at 1 August 2024 28,424
Provided during the period 9,990
As at 31 July 2025 38,414
Net Book Value
As at 31 July 2025 125,279
As at 1 August 2024 127,223
Amounts totaling 145,647 were spent on acquiring Intangible assets in Cascadia Author Services Ltd.
The Director believes the amount was spent on relevant assets and claims relief under the provisions of S879(M) of CTA2009.
A further amount of 8,046 was spent in the period
The claim in the period was 153,693 * 6.5% = 9,990  (2024 9,467)
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Page 5
5. Tangible Assets
Total
£
Cost
As at 1 August 2024 5,000
Additions 1,257
As at 31 July 2025 6,257
Depreciation
As at 1 August 2024 3,722
Provided during the period 708
As at 31 July 2025 4,430
Net Book Value
As at 31 July 2025 1,827
As at 1 August 2024 1,278
6. Investment Property
If investment property had been accounted for under historical cost accounting rules, the amounts would be:
2025 2024
£ £
Cost 50,000 50,000
7. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 1 1
8. Directors Advances, Credits and Guarantees
Dividends paid to directors
2025 2024
£ £
Mr Harry Wallett 60,500 45,000
9. Dividends
2025 2024
£ £
On equity shares:
Final dividend paid 60,500 45,000
Page 5