Acorah Software Products - Accounts Production 19.2.450 false true true 31 December 2024 1 January 2024 false 31 March 2026 1 January 2025 31 December 2025 31 December 2025 02481808 Mrs Karen Keighley Mr Patrick Falbo Mr Francis Pitrelli Rockbridge Technologies Inc true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 02481808 2024-12-31 02481808 2025-12-31 02481808 2025-01-01 2025-12-31 02481808 frs-core:CurrentFinancialInstruments 2025-12-31 02481808 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2025-12-31 02481808 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2025-01-01 2025-12-31 02481808 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2024-12-31 02481808 frs-core:FurnitureFittings 2025-12-31 02481808 frs-core:FurnitureFittings 2025-01-01 2025-12-31 02481808 frs-core:FurnitureFittings 2024-12-31 02481808 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2025-12-31 02481808 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2025-01-01 2025-12-31 02481808 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-12-31 02481808 frs-core:MotorVehicles 2025-12-31 02481808 frs-core:MotorVehicles 2025-01-01 2025-12-31 02481808 frs-core:MotorVehicles 2024-12-31 02481808 frs-core:OtherResidualIntangibleAssets 2025-12-31 02481808 frs-core:OtherResidualIntangibleAssets 2025-01-01 2025-12-31 02481808 frs-core:OtherResidualIntangibleAssets 2024-12-31 02481808 frs-core:PlantMachinery 2025-12-31 02481808 frs-core:PlantMachinery 2025-01-01 2025-12-31 02481808 frs-core:PlantMachinery 2024-12-31 02481808 frs-core:ShareCapital 2025-12-31 02481808 frs-core:RetainedEarningsAccumulatedLosses 2025-12-31 02481808 frs-bus:PrivateLimitedCompanyLtd 2025-01-01 2025-12-31 02481808 frs-bus:FilletedAccounts 2025-01-01 2025-12-31 02481808 frs-bus:SmallEntities 2025-01-01 2025-12-31 02481808 frs-bus:Audited 2025-01-01 2025-12-31 02481808 frs-bus:SmallCompaniesRegimeForAccounts 2025-01-01 2025-12-31 02481808 frs-bus:OrdinaryShareClass1 2025-01-01 2025-12-31 02481808 frs-bus:OrdinaryShareClass1 2025-12-31 02481808 1 2025-01-01 2025-12-31 02481808 frs-core:DeferredTaxation 2025-01-01 2025-12-31 02481808 frs-core:DeferredTaxation 2024-12-31 02481808 frs-core:DeferredTaxation 2025-12-31 02481808 frs-bus:Director1 2025-01-01 2025-12-31 02481808 frs-bus:Director2 2025-01-01 2025-12-31 02481808 frs-bus:Director3 2025-01-01 2025-12-31 02481808 frs-countries:EnglandWales 2025-01-01 2025-12-31 02481808 2023-12-31 02481808 2024-12-31 02481808 2024-01-01 2024-12-31 02481808 frs-core:CurrentFinancialInstruments 2024-12-31 02481808 frs-core:ShareCapital 2024-12-31 02481808 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 02481808 frs-bus:OrdinaryShareClass1 2024-01-01 2024-12-31
Registered number: 02481808
TAPESWITCH LTD.
Financial Statements
For The Year Ended 31 December 2025
BRJF Accountants
CIMA
Unit 12 Guest House Farm
Runshaw Lane
Euxton
Lancashire
PR7 6HD
TAPESWITCH LTD.
Contents
Contents

| Page
--- | ---
Balance Sheet | 1—2
Notes to the Financial Statements | 3—8

Page 1
TAPESWITCH LTD.
Balance Sheet
As At 31 December 2025
Balance Sheet
Registered number: 02481808

| 2025 | 2024
--- | --- | ---
| Notes | £ | £ | £ | £
FIXED ASSETS
Intangible Assets | 4 |  | 30,822 |  | -
Tangible Assets | 5 |  | 552,951 |  | 556,459
Investments |  |  | 20,295 |  | 20,295
|  |  | 604,068 |  | 576,754
CURRENT ASSETS
Stocks | 6 | 586,478 |  | 584,641 |
Debtors | 7 | 214,283 |  | 425,866 |
Cash at bank and in hand |  | 799,495 |  | 787,645 |
|  | 1,600,256 |  | 1,798,152 |
Creditors: Amounts Falling Due Within One Year | 8 | (344,677 ) |  | (419,966 ) |
NET CURRENT ASSETS (LIABILITIES) |  |  | 1,255,579 |  | 1,378,186
TOTAL ASSETS LESS CURRENT LIABILITIES |  |  | 1,859,647 |  | 1,954,940
PROVISIONS FOR LIABILITIES
Deferred Taxation |  |  | (27,390 ) |  | (22,253 )
NET ASSETS |  |  | 1,832,257 |  | 1,932,687
CAPITAL AND RESERVES
Called up share capital | 10 |  | 1,500,000 |  | 1,500,000
Profit and Loss Account |  |  | 332,257 |  | 432,687
SHAREHOLDERS' FUNDS |  |  | 1,832,257 |  | 1,932,687

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TAPESWITCH LTD.
Balance Sheet (continued)
As At 31 December 2025
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 Karen Keighley Director
31st March 2026

The notes on pages 3 to 8 form part of these financial statements.
Page 2
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TAPESWITCH LTD.
Notes to the Financial Statements
For The Year Ended 31 December 2025
Notes to the Financial Statements
1. General Information
TAPESWITCH LTD. is a private company, limited by shares, incorporated in England & Wales, registered number 02481808 . The registered office is Unit 38 Chorley North Industrial Park, Drumhead Road, Chorley, Lancashire, PR6 7BX.
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 company has taken advantage of the exemption under section 400 of the Companies Act 2006 not to prepare consolidated accounts. The financial statements present information about the company as an individual entity and not about its group.
The financial statements have been prepared in sterling, which is the functional currency of the company.
The principal accounting policies adopted are set out below.
2.2. Going Concern Disclosure
The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.
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.
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.
2.4. Intangible Fixed Assets and Amortisation - Other Intangible
Other intangible assets relate to software development. It is amortised to the profit and loss account over its estimated economic life of 5 years.
2.5. Research and Development
Research expenditure is written off against profits in the year in which it is incurred. Identifiable development expenditure is capitalised to the extent that the technical, commercial and financial feasibility can be demonstrated
2.6. 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:

Freehold | 2.5% - 20% Straight Line
Plant & Machinery | 20-33.3% Straight Line
Motor Vehicles | 25% Reducing Balance
Fixtures & Fittings | 20% Straight Line

Freehold Land is not depreciated.
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.
Impairment of fixed assets
...CONTINUED
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TAPESWITCH LTD.
Notes to the Financial Statements (continued)
For The Year Ended 31 December 2025
2.6. Tangible Fixed Assets and Depreciation - continued
At each reporting period end date, the company reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.
Recoverable amount is the higher of fair value less costs to sell and value in use. In assessing value in use, the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset for which the estimates of future cash flows have not been adjusted.
If the recoverable amount of an asset (or cash-generating unit) is estimated to be less than its carrying amount, the carrying amount of the asset (or cash-generating unit) is reduced to its recoverable amount. An impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the impairment loss is treated as a revaluation decrease.
2.7. Leasing and Hire Purchase Contracts
Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the leases asset are consumed.
2.8. 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.
At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.
2.9. Financial Instruments
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.
Classification of financial liabilities
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
Basic financial liabilities
Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.
Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.
...CONTINUED
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TAPESWITCH LTD.
Notes to the Financial Statements (continued)
For The Year Ended 31 December 2025
2.9. Financial Instruments - continued
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.
Fixed asset investments
Interests in subsidiaries, associates and jointly controlled entities are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.
A subsidiary is an entity controlled by the company. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.
An associate is an entity, being neither a subsidiary nor a joint venture, in which the company holds a long term interest and where the company has significant influence. The company considers that it has significant influence where it has the power to participate in the financial and operating decisions of the associate.
Entities in which the company has a long term interest and shares control under a contractual arrangement are classified as jointly controlled entities.
2.10. 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.
2.11. 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.
2.12. 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.
2.13. Employee Benefits
The cost of short-term employee benefits are recognised as a liability and an expenses, unless those costs are required to be recognised as part of the cost of stock or fixed assets.
The cost of any unused holiday entitlement is recognised in the period in which the employee's services are recieved.
Termination benefits are recognised immidiately as an expense when the company is demontrably commited to terminate the employment of an employee or to provide termination benefits.
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TAPESWITCH LTD.
Notes to the Financial Statements (continued)
For The Year Ended 31 December 2025
2.14. Cash and cash equivalents
Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
2.15. Equity instruments
Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 21 (2024: 21)
21 21
4. Intangible Assets

| Other | Development Costs | Total
--- | --- | --- | ---
| £ | £ | £
Cost
As at 1 January 2025 | - | - | -
Additions | 10,670 | 21,397 | 32,067
As at 31 December 2025 | 10,670 | 21,397 | 32,067
Amortisation
As at 1 January 2025 | - | - | -
Provided during the period | 1,245 | - | 1,245
As at 31 December 2025 | 1,245 | - | 1,245
Net Book Value
As at 31 December 2025 | 9,425 | 21,397 | 30,822
As at 1 January 2025 | - | - | -

5. Tangible Assets

| Land & Property
--- | ---
| Freehold | Plant & Machinery | Motor Vehicles | Fixtures & Fittings | Total
| £ | £ | £ | £ | £
Cost
As at 1 January 2025 | 880,122 | 194,665 | - | 40,627 | 1,115,414
Additions | - | 28,511 | 3,000 | 16,972 | 48,483
As at 31 December 2025 | 880,122 | 223,176 | 3,000 | 57,599 | 1,163,897
Depreciation
As at 1 January 2025 | 388,897 | 139,328 | - | 30,730 | 558,955
Provided during the period | 16,540 | 28,960 | 188 | 6,303 | 51,991
As at 31 December 2025 | 405,437 | 168,288 | 188 | 37,033 | 610,946
Net Book Value
As at 31 December 2025 | 474,685 | 54,888 | 2,812 | 20,566 | 552,951
As at 1 January 2025 | 491,225 | 55,337 | - | 9,897 | 556,459

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TAPESWITCH LTD.
Notes to the Financial Statements (continued)
For The Year Ended 31 December 2025
6. Stocks

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Stock | 516,908 |  | 517,698
Work in progress | 69,570 |  | 66,943
| 586,478 |  | 584,641

7. Debtors

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Due within one year
Trade debtors | 171,391 |  | 389,632
Other debtors | 42,892 |  | 36,234
| 214,283 |  | 425,866

8. Creditors: Amounts Falling Due Within One Year

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Trade creditors | 40,065 |  | 27,778
Corporation tax | 97,150 |  | 86,025
Other taxes and social security | 48,288 |  | 112,959
Other creditors | 109,812 |  | 98,589
Amounts owed to group undertakings | 49,362 |  | 94,615
| 344,677 |  | 419,966

9. Provisions for Liabilities

| Deferred Tax | Total
--- | --- | ---
| £ | £
As at 1 January 2025 | 22,253 | 22,253
Additions | 14,787 | 14,787
Utilised | (9,650 ) | (9,650)
Balance at 31 December 2025 | 27,390 | 27,390

10. Share Capital

| 2025 |  | 2024
--- | --- | --- | ---
Allotted, called up and fully paid | £ |  | £
1,500,000 Ordinary Shares of £ 1.00 each | 1,500,000 |  | 1,500,000

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TAPESWITCH LTD.
Notes to the Financial Statements (continued)
For The Year Ended 31 December 2025
11. Related Party Transactions
The Following amount were outstanding at the reporting end date:
Amounts due to related parties: 2025 2024
Entities with control, joint control, or significant influence 46,207 94,614
Entities over which the entity has control, joint control or significant influence 3,154 0
Other information
The company has taken advantage of the exemption contained in Section 33 of Financial Reporting Standard 102 'Related Party Disclosures' from disclosing transactions entered into between two or more members of a group, provided that any subsidiary which is a party to the transaction is wholly owned by such a member.
12. Ultimate Controlling Party
The immediate and ultimate parent company is Rockbridge Technologies Inc , a company registered in the United States of America who's Registered Office is 10 Indel Avenue, Rancocas 08073, USA.
13. Operating lease commitments
Lessee
At the reporting end date the company had outstanding commitments for future minimum lease payments under non-cancellable operating leases, as follows:
2025 2024
£ £
19,482 50,194
14. Audit Information
The auditor's report on the accounts of TAPESWITCH LTD. for the year ended 31 December 2025 was unqualified.
The auditor's report was signed by Sarah Flynn FCA (Senior Statutory Auditor) for and on behalf of RFM Audit Services LLP , Statutory Auditor.
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