Acorah Software Products - Accounts Production 19.2.450 false true 31 December 2024 1 January 2024 false 1 January 2025 31 December 2025 31 December 2025 06651852 Mrs Lisa Baines Mr Neil Drejer iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 06651852 2024-12-31 06651852 2025-12-31 06651852 2025-01-01 2025-12-31 06651852 frs-core:CurrentFinancialInstruments 2025-12-31 06651852 frs-core:Non-currentFinancialInstruments 2025-12-31 06651852 frs-core:BetweenOneFiveYears 2025-12-31 06651852 frs-core:ComputerEquipment 2025-12-31 06651852 frs-core:ComputerEquipment 2025-01-01 2025-12-31 06651852 frs-core:ComputerEquipment 2024-12-31 06651852 frs-core:FurnitureFittings 2025-12-31 06651852 frs-core:FurnitureFittings 2025-01-01 2025-12-31 06651852 frs-core:FurnitureFittings 2024-12-31 06651852 frs-core:NetGoodwill 2025-12-31 06651852 frs-core:NetGoodwill 2025-01-01 2025-12-31 06651852 frs-core:NetGoodwill 2024-12-31 06651852 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2025-12-31 06651852 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2025-01-01 2025-12-31 06651852 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-12-31 06651852 frs-core:MotorVehicles 2025-12-31 06651852 frs-core:MotorVehicles 2025-01-01 2025-12-31 06651852 frs-core:MotorVehicles 2024-12-31 06651852 frs-core:WithinOneYear 2025-12-31 06651852 frs-core:ShareCapital 2025-12-31 06651852 frs-core:RetainedEarningsAccumulatedLosses 2025-12-31 06651852 frs-bus:PrivateLimitedCompanyLtd 2025-01-01 2025-12-31 06651852 frs-bus:FilletedAccounts 2025-01-01 2025-12-31 06651852 frs-bus:SmallEntities 2025-01-01 2025-12-31 06651852 frs-bus:AuditExempt-NoAccountantsReport 2025-01-01 2025-12-31 06651852 frs-bus:SmallCompaniesRegimeForAccounts 2025-01-01 2025-12-31 06651852 frs-bus:Director1 2025-01-01 2025-12-31 06651852 frs-bus:Director2 2025-01-01 2025-12-31 06651852 frs-core:CurrentFinancialInstruments 2 2025-12-31 06651852 frs-countries:EnglandWales 2025-01-01 2025-12-31 06651852 2023-12-31 06651852 2024-12-31 06651852 2024-01-01 2024-12-31 06651852 frs-core:CurrentFinancialInstruments 2024-12-31 06651852 frs-core:Non-currentFinancialInstruments 2024-12-31 06651852 frs-core:BetweenOneFiveYears 2024-12-31 06651852 frs-core:MotorVehicles 2024-01-01 2024-12-31 06651852 frs-core:WithinOneYear 2024-12-31 06651852 frs-core:ShareCapital 2024-12-31 06651852 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 06651852 frs-core:CurrentFinancialInstruments 2 2024-12-31
Registered number: 06651852
Yeoward Limited
Unaudited Financial Statements
For The Year Ended 31 December 2025
Fifty Five Financial Ltd
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—7
Page 1
Balance Sheet
Registered number: 06651852
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 5 47,516 53,115
47,516 53,115
CURRENT ASSETS
Debtors 6 586,548 561,939
Cash at bank and in hand 43 74,891
586,591 636,830
Creditors: Amounts Falling Due Within One Year 7 (414,914 ) (485,486 )
NET CURRENT ASSETS (LIABILITIES) 171,677 151,344
TOTAL ASSETS LESS CURRENT LIABILITIES 219,193 204,459
Creditors: Amounts Falling Due After More Than One Year 8 (261,702 ) (193,630 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (6,971 ) (8,004 )
NET (LIABILITIES)/ASSETS (49,480 ) 2,825
CAPITAL AND RESERVES
Called up share capital 10 100 100
Profit and Loss Account (49,580 ) 2,725
SHAREHOLDERS' FUNDS (49,480) 2,825
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Page 2
For the year ending 31 December 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 Lisa Baines
Director
26/05/2026
The notes on pages 3 to 7 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Yeoward Limited is a private company, limited by shares, incorporated in England & Wales, registered number 06651852 . The registered office is Bridge House High Street, Congresbury, Bristol, Somerset, BS49 5JA.
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. 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:
Leasehold Over the term of the lease
Motor Vehicles Straight Line 20%
Fixtures & Fittings Straight Line 20%
Computer Equipment Straight Line 20%
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 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: 21 (2024: 19)
21 19
4. Intangible Assets
Goodwill
£
Cost
As at 1 January 2025 151,258
As at 31 December 2025 151,258
Amortisation
As at 1 January 2025 151,258
As at 31 December 2025 151,258
Net Book Value
As at 31 December 2025 -
As at 1 January 2025 -
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5. Tangible Assets
Land & Property
Leasehold Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 January 2025 16,663 63,417 83,339 30,440 193,859
Additions - - 360 6,887 7,247
As at 31 December 2025 16,663 63,417 83,699 37,327 201,106
Depreciation
As at 1 January 2025 5,670 39,144 68,443 27,487 140,744
Provided during the period 167 11,315 922 442 12,846
As at 31 December 2025 5,837 50,459 69,365 27,929 153,590
Net Book Value
As at 31 December 2025 10,826 12,958 14,334 9,398 47,516
As at 1 January 2025 10,993 24,273 14,896 2,953 53,115
Included above are assets held under finance leases or hire purchase contracts with a net book value as follows:
2025 2024
£ £
Motor Vehicles 12,958 24,272
6. Debtors
2025 2024
£ £
Due within one year
Trade debtors 4,250 52,144
Prepayments and accrued income 7,855 1,875
Other debtors 5,500 5,500
Pension Funds 9 -
Corporation tax recoverable assets 2,132 -
Amounts owed by group undertakings 225,000 -
244,746 59,519
Due after more than one year
Amounts owed by group undertakings 341,802 502,420
586,548 561,939
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7. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Net obligations under finance lease and hire purchase contracts 12,326 12,326
Trade creditors 34,237 39,915
Bank loans and overdrafts 223,687 220,376
Corporation tax - 20,988
Other taxes and social security 96,157 110,925
VAT 36,773 70,173
Accruals and deferred income 11,734 10,783
414,914 485,486
8. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Net obligations under finance lease and hire purchase contracts 3,452 13,250
Bank loans 99,045 180,380
Other taxes and social security 159,205 -
261,702 193,630
9. Obligations Under Finance Leases and Hire Purchase
2025 2024
£ £
The future minimum finance lease payments are as follows:
Not later than one year 12,326 12,326
Later than one year and not later than five years 3,452 13,250
15,778 25,576
15,778 25,576
10. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 100 100
11. Dividends
2025 2024
£ £
On equity shares:
Interim dividend paid 25,000 111,667
On 28 February 2025, the directors declared a dividend of £25,000 to the shareholders.
At the date of declaration, the company had sufficient distributable reserves to support the dividend in accordance with the requirements of the Companies Act 2006.
Although the company is reporting a loss for the year ended 31 December 2025, this does not affect the assessment of distributable profits at the time the dividend was declared.
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12. Related Party Transactions
At the year end, amounts of £225,000 (2024: NIL) due within 1 year and £341,802 (2024: £502,420) were due more than 1 year from Baines Drejer Ltd. These balances are unsecured, interest‑free and repayable on demand. No guarantees were given or received. The directors consider the amounts fully recoverable and no impairment has been recognised.
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