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 05419987 Mr N D Duggan iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 05419987 2024-08-31 05419987 2025-08-31 05419987 2024-09-01 2025-08-31 05419987 frs-core:CurrentFinancialInstruments 2025-08-31 05419987 frs-core:Non-currentFinancialInstruments 2025-08-31 05419987 frs-core:ComputerEquipment 2025-08-31 05419987 frs-core:ComputerEquipment 2024-09-01 2025-08-31 05419987 frs-core:ComputerEquipment 2024-08-31 05419987 frs-core:FurnitureFittings 2025-08-31 05419987 frs-core:FurnitureFittings 2024-09-01 2025-08-31 05419987 frs-core:FurnitureFittings 2024-08-31 05419987 frs-core:NetGoodwill 2025-08-31 05419987 frs-core:NetGoodwill 2024-09-01 2025-08-31 05419987 frs-core:NetGoodwill 2024-08-31 05419987 frs-core:MotorVehicles 2025-08-31 05419987 frs-core:MotorVehicles 2024-09-01 2025-08-31 05419987 frs-core:MotorVehicles 2024-08-31 05419987 frs-core:PlantMachinery 2025-08-31 05419987 frs-core:PlantMachinery 2024-09-01 2025-08-31 05419987 frs-core:PlantMachinery 2024-08-31 05419987 frs-core:ShareCapital 2025-08-31 05419987 frs-core:RetainedEarningsAccumulatedLosses 2025-08-31 05419987 frs-bus:PrivateLimitedCompanyLtd 2024-09-01 2025-08-31 05419987 frs-bus:FilletedAccounts 2024-09-01 2025-08-31 05419987 frs-bus:SmallEntities 2024-09-01 2025-08-31 05419987 frs-bus:AuditExempt-NoAccountantsReport 2024-09-01 2025-08-31 05419987 frs-bus:SmallCompaniesRegimeForAccounts 2024-09-01 2025-08-31 05419987 frs-bus:Director1 2024-09-01 2025-08-31 05419987 frs-countries:EnglandWales 2024-09-01 2025-08-31 05419987 2023-08-31 05419987 2024-08-31 05419987 2023-09-01 2024-08-31 05419987 frs-core:CurrentFinancialInstruments 2024-08-31 05419987 frs-core:Non-currentFinancialInstruments 2024-08-31 05419987 frs-core:ShareCapital 2024-08-31 05419987 frs-core:RetainedEarningsAccumulatedLosses 2024-08-31
Registered number: 05419987
Walney UK 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: 05419987
2025 2024
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 233,713 263,389
Tangible Assets 5 77,795 73,756
311,508 337,145
CURRENT ASSETS
Stocks 6 75,200 156,873
Debtors 7 85,404 105,409
Cash at bank and in hand 464,606 523,081
625,210 785,363
Creditors: Amounts Falling Due Within One Year 8 (548,590 ) (453,232 )
NET CURRENT ASSETS (LIABILITIES) 76,620 332,131
TOTAL ASSETS LESS CURRENT LIABILITIES 388,128 669,276
Creditors: Amounts Falling Due After More Than One Year 9 - (10,000 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (16,877 ) (11,691 )
NET ASSETS 371,251 647,585
CAPITAL AND RESERVES
Called up share capital 11 100 100
Profit and Loss Account 371,151 647,485
SHAREHOLDERS' FUNDS 371,251 647,585
Page 1
Page 2
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 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 N D Duggan
Director
27th 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
Walney UK Limited is a private company, limited by shares, incorporated in England & Wales, registered number 05419987 . The registered office is 7 Holywell Hill, St Albans, Hertfordshire, AL1 1EU.
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, being the amount paid in connection with the acquisition of a business in 2014, is being amortised evenly over its estimated useful life of twenty 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:
Plant & Machinery 20% on cost
Motor Vehicles 25% on cost
Fixtures & Fittings 25% on cost
Computer Equipment 33% on cost
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.
2.6. Stocks and Work in Progress
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. 
2.7. 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.
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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 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.
2.9. 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: 20 (2024: 23)
20 23
4. Intangible Assets
Goodwill
£
Cost
As at 1 September 2024 593,518
As at 31 August 2025 593,518
Amortisation
As at 1 September 2024 330,129
Provided during the period 29,676
As at 31 August 2025 359,805
Net Book Value
As at 31 August 2025 233,713
As at 1 September 2024 263,389
Intangible assets are initially measured at cost. After initial recognistion, intangible assets are measured at cost less any accumulated amortisation and any accumulated impaitment losses.
Computer software is being amortised evenly over its estimated useful life of three years.
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5. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 September 2024 223,589 50,008 19,310 87,845 380,752
Additions - - 605 43,111 43,716
As at 31 August 2025 223,589 50,008 19,915 130,956 424,468
Depreciation
As at 1 September 2024 183,020 34,575 16,191 73,210 306,996
Provided during the period 10,403 5,144 1,236 22,894 39,677
As at 31 August 2025 193,423 39,719 17,427 96,104 346,673
Net Book Value
As at 31 August 2025 30,166 10,289 2,488 34,852 77,795
As at 1 September 2024 40,569 15,433 3,119 14,635 73,756
6. Stocks
2025 2024
£ £
Stock 75,200 156,873
7. Debtors
2025 2024
£ £
Due within one year
Trade debtors 5,066 15,400
Other debtors 80,338 90,009
85,404 105,409
8. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 296,027 225,499
Bank loans and overdrafts 10,000 10,000
Other creditors 233,273 210,756
Taxation and social security 9,290 6,977
548,590 453,232
9. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Bank loans - 10,000
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10. Secured Creditors
The following secured debts are included within creditors:
The bank loan is secured by a fixed and floating charge in favour of Royal Bank of Scotland PLC.
2025 2024
£ £
Bank loans and overdrafts 10,000 20,000
11. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 100 100
12. Related Party Transactions
No one party has ultimate control.
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