Acorah Software Products - Accounts Production 19.2.350 false true 31 August 2024 1 September 2023 false 1 September 2024 31 August 2025 31 August 2025 03622200 Mrs C Bruce-Foulds Mr E Halpin Mrs C Jackson Mr E Parsloe iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 03622200 2024-08-31 03622200 2025-08-31 03622200 2024-09-01 2025-08-31 03622200 frs-core:CurrentFinancialInstruments 2025-08-31 03622200 frs-core:ComputerEquipment 2025-08-31 03622200 frs-core:ComputerEquipment 2024-09-01 2025-08-31 03622200 frs-core:ComputerEquipment 2024-08-31 03622200 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2024-09-01 2025-08-31 03622200 frs-core:OtherResidualIntangibleAssets 2025-08-31 03622200 frs-core:OtherResidualIntangibleAssets 2024-09-01 2025-08-31 03622200 frs-core:OtherResidualIntangibleAssets 2024-08-31 03622200 frs-core:PlantMachinery 2025-08-31 03622200 frs-core:PlantMachinery 2024-09-01 2025-08-31 03622200 frs-core:PlantMachinery 2024-08-31 03622200 frs-core:ShareCapital 2025-08-31 03622200 frs-core:RetainedEarningsAccumulatedLosses 2025-08-31 03622200 frs-bus:PrivateLimitedCompanyLtd 2024-09-01 2025-08-31 03622200 frs-bus:FilletedAccounts 2024-09-01 2025-08-31 03622200 frs-bus:SmallEntities 2024-09-01 2025-08-31 03622200 frs-bus:AuditExempt-NoAccountantsReport 2024-09-01 2025-08-31 03622200 frs-bus:SmallCompaniesRegimeForAccounts 2024-09-01 2025-08-31 03622200 frs-bus:Director1 2024-09-01 2025-08-31 03622200 frs-bus:Director2 2024-09-01 2025-08-31 03622200 frs-bus:Director3 2024-09-01 2025-08-31 03622200 frs-bus:Director5 2024-09-01 2025-08-31 03622200 frs-countries:EnglandWales 2024-09-01 2025-08-31 03622200 2023-08-31 03622200 2024-08-31 03622200 2023-09-01 2024-08-31 03622200 frs-core:CurrentFinancialInstruments 2024-08-31 03622200 frs-core:ShareCapital 2024-08-31 03622200 frs-core:RetainedEarningsAccumulatedLosses 2024-08-31
Registered number: 03622200
The OCM Group Limited
Unaudited Financial Statements
For The Year Ended 31 August 2025
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 03622200
2025 2024
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 19,663 -
Tangible Assets 5 53,041 64,182
72,704 64,182
CURRENT ASSETS
Debtors 6 326,924 304,422
Cash at bank and in hand 48,216 110,081
375,140 414,503
Creditors: Amounts Falling Due Within One Year 7 (396,997 ) (394,733 )
NET CURRENT ASSETS (LIABILITIES) (21,857 ) 19,770
TOTAL ASSETS LESS CURRENT LIABILITIES 50,847 83,952
PROVISIONS FOR LIABILITIES
Deferred Taxation (13,260 ) (16,046 )
NET ASSETS 37,587 67,906
CAPITAL AND RESERVES
Called up share capital 8 103 103
Profit and Loss Account 37,484 67,803
SHAREHOLDERS' FUNDS 37,587 67,906
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For the year ending 31 August 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
Mrs C Jackson
Director
21 May 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
The OCM Group Limited is a private company, limited by shares, incorporated in England & Wales, registered number 03622200 . The registered office is 2 The Old Estate Yard High Street, East Hendred, Wantage, Oxfordshire, OX12 8JY.
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 currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
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 - Other Intangible
Other intangible assets are AI product development costs. It has not been amortised in the year as the product remains in the development stage.
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:
Plant & Machinery 25% Reducing balance
Computer Equipment 25% Reducing balance / Straight line
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2.5. 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.
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 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.
2.7. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 28 (2024: 25)
28 25
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4. Intangible Assets
Other
£
Cost
As at 1 September 2024 -
Additions 19,663
As at 31 August 2025 19,663
Net Book Value
As at 31 August 2025 19,663
As at 1 September 2024 -
5. Tangible Assets
Plant & Machinery Computer Equipment Total
£ £ £
Cost
As at 1 September 2024 115,908 77,523 193,431
Additions - 4,560 4,560
As at 31 August 2025 115,908 82,083 197,991
Depreciation
As at 1 September 2024 85,117 44,132 129,249
Provided during the period 5,702 9,999 15,701
As at 31 August 2025 90,819 54,131 144,950
Net Book Value
As at 31 August 2025 25,089 27,952 53,041
As at 1 September 2024 30,791 33,391 64,182
6. Debtors
2025 2024
£ £
Due within one year
Trade debtors 137,447 150,814
Amounts owed by participating interests 63,484 63,484
Other debtors 125,993 90,124
326,924 304,422
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7. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 80,886 36,956
Bank loans and overdrafts 7,482 17,500
Other creditors 212,453 235,882
Taxation and social security 96,176 104,395
396,997 394,733
8. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 103 103
9. Related Party Transactions
During the year the company was owed £63,339 (2024: £63,339) from The OCM Group (Holdings) Ltd, the parent of OCM Group Limited.
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