Acorah Software Products - Accounts Production 19.2.350 false true 31 May 2024 1 June 2023 false 1 June 2024 31 May 2025 31 May 2025 07650139 Mr Craig Smith iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 07650139 2024-05-31 07650139 2025-05-31 07650139 2024-06-01 2025-05-31 07650139 frs-core:CurrentFinancialInstruments 2025-05-31 07650139 frs-core:Non-currentFinancialInstruments 2025-05-31 07650139 frs-core:FurnitureFittings 2025-05-31 07650139 frs-core:FurnitureFittings 2024-06-01 2025-05-31 07650139 frs-core:FurnitureFittings 2024-05-31 07650139 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2025-05-31 07650139 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-06-01 2025-05-31 07650139 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-05-31 07650139 frs-core:PlantMachinery 2025-05-31 07650139 frs-core:PlantMachinery 2024-06-01 2025-05-31 07650139 frs-core:PlantMachinery 2024-05-31 07650139 frs-core:RevaluationReserve 2024-05-31 07650139 frs-core:RevaluationReserve 2025-05-31 07650139 frs-core:ShareCapital 2025-05-31 07650139 frs-core:RetainedEarningsAccumulatedLosses 2024-06-01 2025-05-31 07650139 frs-core:RetainedEarningsAccumulatedLosses frs-core:PreviouslyStatedAmount 2024-05-31 07650139 frs-core:RetainedEarningsAccumulatedLosses 2025-05-31 07650139 frs-bus:PrivateLimitedCompanyLtd 2024-06-01 2025-05-31 07650139 frs-bus:FilletedAccounts 2024-06-01 2025-05-31 07650139 frs-bus:SmallEntities 2024-06-01 2025-05-31 07650139 frs-bus:AuditExempt-NoAccountantsReport 2024-06-01 2025-05-31 07650139 frs-bus:SmallCompaniesRegimeForAccounts 2024-06-01 2025-05-31 07650139 frs-bus:Director1 2024-06-01 2025-05-31 07650139 frs-bus:Director1 2024-05-31 07650139 frs-bus:Director1 2025-05-31 07650139 frs-countries:EnglandWales 2024-06-01 2025-05-31 07650139 2023-05-31 07650139 2024-05-31 07650139 2023-06-01 2024-05-31 07650139 frs-core:CurrentFinancialInstruments 2024-05-31 07650139 frs-core:Non-currentFinancialInstruments 2024-05-31 07650139 frs-core:RevaluationReserve 2024-05-31 07650139 frs-core:ShareCapital 2024-05-31 07650139 frs-core:RetainedEarningsAccumulatedLosses 2024-05-31
Registered number: 07650139
Material Concepts Limited
Unaudited Financial Statements
For The Year Ended 31 May 2025
Adroit Accountax
Material Concepts Limited
Contents
Contents

| Page
--- | ---
Balance Sheet | 1—2
Notes to the Financial Statements | 3—5

Page 1
Material Concepts Limited
Balance Sheet
As At 31 May 2025
Balance Sheet
Registered number: 07650139

| 2025 | 2024
--- | --- | ---
| Notes | £ | £ | £ | £
FIXED ASSETS
Tangible Assets | 4 |  | 700,000 |  | 700,000
|  |  | 700,000 |  | 700,000
CURRENT ASSETS
Stocks | 5 | 30,156 |  | 30,156 |
Debtors | 6 | 62,112 |  | 109,700 |
Cash at bank and in hand |  | 15,942 |  | 38,944 |
|  | 108,210 |  | 178,800 |
Creditors: Amounts Falling Due Within One Year | 7 | (147,021 ) |  | (160,332 ) |
NET CURRENT ASSETS (LIABILITIES) |  |  | (38,811 ) |  | 18,468
TOTAL ASSETS LESS CURRENT LIABILITIES |  |  | 661,189 |  | 718,468
Creditors: Amounts Falling Due After More Than One Year | 8 |  | (425,382 ) |  | (389,481 )
PROVISIONS FOR LIABILITIES
Deferred Taxation |  |  | (71,170 ) |  | (71,170 )
NET ASSETS |  |  | 164,637 |  | 257,817
CAPITAL AND RESERVES
Called up share capital | 9 |  | 76 |  | 76
Revaluation reserve | 11 |  | 297,093 |  | 297,093
Profit and Loss Account |  |  | (132,532 ) |  | (39,352 )
SHAREHOLDERS' FUNDS |  |  | 164,637 |  | 257,817

Page 1
Page 2
Material Concepts Limited
Balance Sheet (continued)
As At 31 May 2025
For the year ending 31 May 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.
On behalf of the board

Mr Craig Smith Director
18/05/2026

The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Material Concepts Limited
Notes to the Financial Statements
For The Year Ended 31 May 2025
Notes to the Financial Statements
1. General Information
Material Concepts Limited is a private company, limited by shares, incorporated in England & Wales, registered number 07650139 . The registered office is 237a Queenstown Road 2 Golden Arrow House, Battersea, London, United Kingdom, SW8 3NP.
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. 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 | Nil
Plant & Machinery | 5% Straight Line
Fixtures & Fittings | 10% Straight Line

2.4. 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 17 (2024: 18)
17 18
4. Tangible Assets

| Land & Property
--- | ---
| Freehold | Plant & Machinery | Fixtures & Fittings | Total
| £ | £ | £ | £
Cost
As at 1 June 2024 | 700,000 | 5,399 | 31,863 | 737,262
As at 31 May 2025 | 700,000 | 5,399 | 31,863 | 737,262

...CONTINUED
Page 3
Page 4
Material Concepts Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 May 2025

Depreciation
As at 1 June 2024 | - | 5,399 | 31,863 | 37,262
As at 31 May 2025 | - | 5,399 | 31,863 | 37,262
Net Book Value
As at 31 May 2025 | 700,000 | - | - | 700,000
As at 1 June 2024 | 700,000 | - | - | 700,000

5. Stocks

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Stock | 30,156 |  | 30,156

6. Debtors

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Due within one year
Trade debtors | 20,880 |  | 85,446
Other debtors | 41,232 |  | 24,254
| 62,112 |  | 109,700

7. Creditors: Amounts Falling Due Within One Year

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Trade creditors | 58,715 |  | 49,923
Other loans | - |  | 33,980
Other creditors | 9 |  | 10,121
Taxation and social security | 88,297 |  | 66,308
| 147,021 |  | 160,332

8. Creditors: Amounts Falling Due After More Than One Year

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Other Loan | 400,382 |  | 364,481
Other creditors | 25,000 |  | 25,000
| 425,382 |  | 389,481

9. Share Capital

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Allotted, Called up and fully paid | 76 |  | 76

Page 4
Page 5
Material Concepts Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 May 2025
10. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:

| As at 1 June 2024 | Amounts advanced | Amounts repaid | Amounts written off | As at 31 May 2025
--- | --- | --- | --- | --- | ---
| £ | £ | £ | £ | £
Mr Craig Smith | 4,955 | 1,119 | 4,955 | - | 1,119

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

| Revaluation reserve | Profit and Loss Account
--- | --- | ---
| £ | £
As at 1 June 2024 | 297,093 | (39,352 )
Loss for the year and total comprehensive income | - | (93,180 )
As at 31 May 2025 | 297,093 | (132,532 )

Page 5