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 06054906 N C Ferrari N C Ferrari iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 06054906 2024-12-31 06054906 2025-12-31 06054906 2025-01-01 2025-12-31 06054906 frs-core:CurrentFinancialInstruments 2025-12-31 06054906 frs-core:Non-currentFinancialInstruments 2025-12-31 06054906 frs-core:ComputerEquipment 2025-12-31 06054906 frs-core:ComputerEquipment 2025-01-01 2025-12-31 06054906 frs-core:ComputerEquipment 2024-12-31 06054906 frs-core:FurnitureFittings 2025-12-31 06054906 frs-core:FurnitureFittings 2025-01-01 2025-12-31 06054906 frs-core:FurnitureFittings 2024-12-31 06054906 frs-core:MotorVehicles 2025-12-31 06054906 frs-core:MotorVehicles 2025-01-01 2025-12-31 06054906 frs-core:MotorVehicles 2024-12-31 06054906 frs-core:PlantMachinery 2025-12-31 06054906 frs-core:PlantMachinery 2025-01-01 2025-12-31 06054906 frs-core:PlantMachinery 2024-12-31 06054906 frs-core:ShareCapital 2025-12-31 06054906 frs-core:RetainedEarningsAccumulatedLosses 2025-12-31 06054906 frs-bus:PrivateLimitedCompanyLtd 2025-01-01 2025-12-31 06054906 frs-bus:FilletedAccounts 2025-01-01 2025-12-31 06054906 frs-bus:SmallEntities 2025-01-01 2025-12-31 06054906 frs-bus:AuditExempt-NoAccountantsReport 2025-01-01 2025-12-31 06054906 frs-bus:SmallCompaniesRegimeForAccounts 2025-01-01 2025-12-31 06054906 frs-bus:Director1 2025-01-01 2025-12-31 06054906 frs-bus:CompanySecretary1 2025-01-01 2025-12-31 06054906 frs-countries:EnglandWales 2025-01-01 2025-12-31 06054906 2023-12-31 06054906 2024-12-31 06054906 2024-01-01 2024-12-31 06054906 frs-core:CurrentFinancialInstruments 2024-12-31 06054906 frs-core:Non-currentFinancialInstruments 2024-12-31 06054906 frs-core:ShareCapital 2024-12-31 06054906 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31
NAR LTD
Unaudited Financial Statements
For The Year Ended 31 December 2025
Contents
Page
Statement of Financial Position 1—2
Notes to the Financial Statements 3—5
Page 1
Statement of Financial Position
Registered number: 06054906
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 18,725 28,731
18,725 28,731
CURRENT ASSETS
Stocks 5 122,407 135,055
Debtors 6 23,651 38,945
Cash at bank and in hand 137,958 210,464
284,016 384,464
Creditors: Amounts Falling Due Within One Year 7 (64,017 ) (98,315 )
NET CURRENT ASSETS (LIABILITIES) 219,999 286,149
TOTAL ASSETS LESS CURRENT LIABILITIES 238,724 314,880
Creditors: Amounts Falling Due After More Than One Year 8 - (9,032 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (3,558 ) (7,101 )
NET ASSETS 235,166 298,747
CAPITAL AND RESERVES
Called up share capital 9 1,000 1,000
Income Statement 234,166 297,747
SHAREHOLDERS' FUNDS 235,166 298,747
Page 1
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 member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her 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 Income Statement.
On behalf of the board
N C Ferrari
Director
17/06/2026
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
NAR LTD is a private company, limited by shares, incorporated in England & Wales, registered number 06054906 . The registered office is The Racquets Court, 3 College Street, Newcastle upon Tyne, Tyne & Wear, NE1 8JG.
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:
Plant & Machinery 50% straight line
Motor Vehicles 20% straight line
Fixtures & Fittings 20% straight line
Computer Equipment 20% 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.
2.5. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position 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.
Page 3
Page 4
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: 2 (2024: 2)
2 2
4. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 January 2025 7,358 48,279 - 1,000 56,637
Additions - - 471 - 471
As at 31 December 2025 7,358 48,279 471 1,000 57,108
Depreciation
As at 1 January 2025 7,095 20,921 (343 ) 233 27,906
Provided during the period 263 9,656 22 193 10,134
Disposals - - 343 - 343
As at 31 December 2025 7,358 30,577 22 426 38,383
Net Book Value
As at 31 December 2025 - 17,702 449 574 18,725
As at 1 January 2025 263 27,358 343 767 28,731
5. Stocks
2025 2024
£ £
Stock 122,407 135,055
Page 4
Page 5
6. Debtors
2025 2024
£ £
Due within one year
Trade debtors 16,527 18,518
Other debtors 7,124 20,427
23,651 38,945
7. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 19,560 31,515
Bank loans and overdrafts 8,776 10,033
Other creditors 23,287 27,683
Taxation and social security 12,394 29,084
64,017 98,315
8. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Bank loans - 9,032
9. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 1,000 1,000
10. Directors Advances, Credits and Guarantees
Included within Creditors are amounts owed to Directors of £18,598 (2024: £25,201)
The above loan is unsecured, interest free and repayable on demand.
Page 5