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 04126409 Mr J Forman Mr Christopher Barnett Mrs Charlotte Forman Mrs Stephanie Horton Mrs Stephanie Horton iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 04126409 2024-12-31 04126409 2025-12-31 04126409 2025-01-01 2025-12-31 04126409 frs-core:CurrentFinancialInstruments 2025-12-31 04126409 frs-core:Non-currentFinancialInstruments 2025-12-31 04126409 frs-core:BetweenOneFiveYears 2025-12-31 04126409 frs-core:CopyrightsPatentsTrademarksServiceOperatingRights 2025-12-31 04126409 frs-core:CopyrightsPatentsTrademarksServiceOperatingRights 2025-01-01 2025-12-31 04126409 frs-core:CopyrightsPatentsTrademarksServiceOperatingRights 2024-12-31 04126409 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2025-01-01 2025-12-31 04126409 frs-core:FurnitureFittings 2025-12-31 04126409 frs-core:FurnitureFittings 2025-01-01 2025-12-31 04126409 frs-core:FurnitureFittings 2024-12-31 04126409 frs-core:NetGoodwill 2025-12-31 04126409 frs-core:NetGoodwill 2025-01-01 2025-12-31 04126409 frs-core:NetGoodwill 2024-12-31 04126409 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2025-01-01 2025-12-31 04126409 frs-core:MotorVehicles 2025-12-31 04126409 frs-core:MotorVehicles 2025-01-01 2025-12-31 04126409 frs-core:MotorVehicles 2024-12-31 04126409 frs-core:OtherResidualIntangibleAssets 2025-12-31 04126409 frs-core:OtherResidualIntangibleAssets 2025-01-01 2025-12-31 04126409 frs-core:OtherResidualIntangibleAssets 2024-12-31 04126409 frs-core:PlantMachinery 2025-12-31 04126409 frs-core:PlantMachinery 2025-01-01 2025-12-31 04126409 frs-core:PlantMachinery 2024-12-31 04126409 frs-core:SharePremium 2025-12-31 04126409 frs-core:ShareCapital 2025-12-31 04126409 frs-core:RetainedEarningsAccumulatedLosses 2025-12-31 04126409 frs-bus:PrivateLimitedCompanyLtd 2025-01-01 2025-12-31 04126409 frs-bus:FilletedAccounts 2025-01-01 2025-12-31 04126409 frs-bus:SmallEntities 2025-01-01 2025-12-31 04126409 frs-bus:AuditExempt-NoAccountantsReport 2025-01-01 2025-12-31 04126409 frs-bus:SmallCompaniesRegimeForAccounts 2025-01-01 2025-12-31 04126409 frs-bus:Director1 2025-01-01 2025-12-31 04126409 frs-bus:Director2 2025-01-01 2025-12-31 04126409 frs-bus:Director3 2025-01-01 2025-12-31 04126409 frs-bus:Director4 2025-01-01 2025-12-31 04126409 frs-bus:CompanySecretary1 2025-01-01 2025-12-31 04126409 frs-countries:EnglandWales 2025-01-01 2025-12-31 04126409 2023-12-31 04126409 2024-12-31 04126409 2024-01-01 2024-12-31 04126409 frs-core:CurrentFinancialInstruments 2024-12-31 04126409 frs-core:Non-currentFinancialInstruments 2024-12-31 04126409 frs-core:BetweenOneFiveYears 2024-12-31 04126409 frs-core:SharePremium 2024-12-31 04126409 frs-core:ShareCapital 2024-12-31 04126409 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31
River Canal Rescue Limited
Financial Statements
For The Year Ended 31 December 2025
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 04126409
2025 2024
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 194,553 1,200
Tangible Assets 5 336,856 383,697
531,409 384,897
CURRENT ASSETS
Stocks 6 341,773 344,637
Debtors 7 175,436 367,399
Cash at bank and in hand 59,039 3,631
576,248 715,667
Creditors: Amounts Falling Due Within One Year 8 (236,930 ) (334,565 )
NET CURRENT ASSETS (LIABILITIES) 339,318 381,102
TOTAL ASSETS LESS CURRENT LIABILITIES 870,727 765,999
Creditors: Amounts Falling Due After More Than One Year 9 (505,884 ) (373,203 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (61,818 ) (72,902 )
NET ASSETS 303,025 319,894
CAPITAL AND RESERVES
Called up share capital 11 575 575
Share premium account 52,923 52,923
Profit and Loss Account 249,527 266,396
SHAREHOLDERS' FUNDS 303,025 319,894
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 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 Stephanie Horton
Director
1 July 2026
The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
River Canal Rescue Limited is a private company, limited by shares, incorporated in England & Wales, registered number 04126409 . The registered office is Unit 11 Tilcon Avenue, Stafford, ST18 0YJ.
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 profit and loss account over its estimated economic life of 5 years.
2.4. Intangible Fixed Assets and Amortisation - Other Intangible
Other intangible assets relates to business acquisition of WaterNav. It is amortised to profit and loss account over its estimated economic life of 10 years.
2.5. Intangible Fixed Assets and Amortisation - Intellectual Property
Intellectual property assets relate to time and costs incurred in researching coastal areas (both in the UK and overseas), rather than just rivers and canals in the UK. It is not currently being amortised to the profit and loss account as the directors believe that this is an ongoing learning project.
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 10% SL
Plant & Machinery 20% RB
Motor Vehicles 15% RB
Fixtures & Fittings 20% SL
2.7. 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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2.8. 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.
2.9. 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: 32 (2024: 32)
32 32
4. Intangible Assets
Goodwill WaterNav Intellectual Property Total
£ £ £ £
Cost
As at 1 January 2025 20,000 12,000 - 32,000
Additions - - 194,553 194,553
As at 31 December 2025 20,000 12,000 194,553 226,553
Amortisation
As at 1 January 2025 20,000 10,800 - 30,800
Provided during the period - 1,200 - 1,200
As at 31 December 2025 20,000 12,000 - 32,000
Net Book Value
As at 31 December 2025 - - 194,553 194,553
As at 1 January 2025 - 1,200 - 1,200
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5. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Total
£ £ £ £
Cost
As at 1 January 2025 217,412 422,900 36,940 677,252
Additions 4,745 36,690 8,951 50,386
Disposals - (76,457 ) (4,282 ) (80,739 )
As at 31 December 2025 222,157 383,133 41,609 646,899
Depreciation
As at 1 January 2025 79,712 189,426 24,417 293,555
Provided during the period 27,764 33,882 4,689 66,335
Disposals - (47,417 ) (2,430 ) (49,847 )
As at 31 December 2025 107,476 175,891 26,676 310,043
Net Book Value
As at 31 December 2025 114,681 207,242 14,933 336,856
As at 1 January 2025 137,700 233,474 12,523 383,697
6. Stocks
2025 2024
£ £
Stock 341,773 344,637
7. Debtors
2025 2024
£ £
Due within one year
Trade debtors 112,784 113,950
Other debtors 62,652 253,449
175,436 367,399
8. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 41,951 46,923
Bank loans and overdrafts 21,155 8,858
Other creditors 24,377 99,925
Taxation and social security 149,447 178,859
236,930 334,565
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9. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Net obligations under finance lease and hire purchase contracts 89,835 103,091
Other creditors 416,049 270,112
505,884 373,203
10. Obligations Under Finance Leases and Hire Purchase
2025 2024
£ £
The future minimum finance lease payments are as follows:
Later than one year and not later than five years 89,835 103,091
11. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 575 575
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