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Registered number: 03217564
E.M.J. Management Limited
Unaudited Financial Statements
For The Year Ended 30 August 2025
Johnston Wood Roach Ltd
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 03217564
2025 2024
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 1,200 2,400
Tangible Assets 5 32,793 35,416
33,993 37,816
CURRENT ASSETS
Stocks 6 105,000 176,250
Debtors 7 1,152,277 1,288,372
Cash at bank and in hand 74,549 10,918
1,331,826 1,475,540
Creditors: Amounts Falling Due Within One Year 8 (1,139,688 ) (1,276,275 )
NET CURRENT ASSETS (LIABILITIES) 192,138 199,265
TOTAL ASSETS LESS CURRENT LIABILITIES 226,131 237,081
Creditors: Amounts Falling Due After More Than One Year 9 (2,588 ) (20,817 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (4,949 ) (8,710 )
NET ASSETS 218,594 207,554
CAPITAL AND RESERVES
Called up share capital 11 6 6
Profit and Loss Account 218,588 207,548
SHAREHOLDERS' FUNDS 218,594 207,554
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For the year ending 30 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
Mr Stephen Linn
Director
27 May 2026
The notes on pages 3 to 6 form part of these financial statements.
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Page 3
Notes to the Financial Statements
1. General Information
E.M.J. Management Limited is a private company, limited by shares, incorporated in England & Wales, registered number 03217564 . The registered office is Portfield Corner, Portfield Road Portfield Corner, Portfield Road, Portsmouth, Hampshire, PO3 5GP.
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. Significant judgements and estimations
In preparing the financial statements in accordance with FRS 102, management is required to make judgements,
estimates, and assumptions that affect the application of accounting policies and the reported amounts of assets,
liabilities, income, and expenses. Actual results may differ from these estimates.
Estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are
recognised in the period in which the estimate is revised if the revision affects only that period or in the period of
the revision and future periods if the revision affects both current and future periods.
2.3. 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.
2.4. 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.
2.5. 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 15% Reducing Balance
Fixtures & Fittings 10% Reducing Balance
Computer Equipment 20% Reducing Balance
2.6. 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.
2.7. 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.
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2.8. 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 25 (2024: 24)
25 24
4. Intangible Assets
Goodwill
£
Cost
As at 31 August 2024 100,135
As at 30 August 2025 100,135
Amortisation
As at 31 August 2024 97,735
Provided during the period 1,200
As at 30 August 2025 98,935
Net Book Value
As at 30 August 2025 1,200
As at 31 August 2024 2,400
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5. Tangible Assets
Land & Property
Freehold Plant & Machinery Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 31 August 2024 13,471 39,013 16,000 24,006 92,490
Additions - - - 332 332
As at 30 August 2025 13,471 39,013 16,000 24,338 92,822
Depreciation
As at 31 August 2024 - 37,818 1,600 17,656 57,074
Provided during the period - 179 1,440 1,336 2,955
As at 30 August 2025 - 37,997 3,040 18,992 60,029
Net Book Value
As at 30 August 2025 13,471 1,016 12,960 5,346 32,793
As at 31 August 2024 13,471 1,195 14,400 6,350 35,416
Included above are assets held under finance leases or hire purchase contracts with a net book value as follows:
2025 2024
£ £
Plant & Machinery 12,960 14,400
6. Stocks
2025 2024
£ £
Stock 105,000 176,250
7. Debtors
2025 2024
£ £
Due within one year
Trade debtors 481,058 709,818
Other debtors 671,219 578,554
1,152,277 1,288,372
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8. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Net obligations under finance lease and hire purchase contracts 5,729 5,050
Trade creditors 166,308 443,400
Bank loans and overdrafts 12,500 15,000
Other creditors 817,059 709,987
Taxation and social security 138,092 102,838
1,139,688 1,276,275
9. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Net obligations under finance lease and hire purchase contracts 2,588 8,317
Bank loans - 12,500
2,588 20,817
10. Obligations Under Finance Leases and Hire Purchase
2025 2024
£ £
The future minimum finance lease payments are as follows:
Not later than one year 5,729 5,050
Later than one year and not later than five years 2,588 8,317
8,317 13,367
8,317 13,367
11. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 6 6
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