Acorah Software Products - Accounts Production 19.3.550 false true 31 March 2025 1 April 2024 false 1 April 2025 31 March 2026 31 March 2026 01852084 M K Oliver P J Horne G M O'Riordan M K Oliver Philip Horne false iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 01852084 2025-03-31 01852084 2026-03-31 01852084 2025-04-01 2026-03-31 01852084 frs-core:CurrentFinancialInstruments 2026-03-31 01852084 frs-core:Non-currentFinancialInstruments 2026-03-31 01852084 frs-core:BetweenOneFiveYears 2026-03-31 01852084 frs-core:ComputerEquipment 2026-03-31 01852084 frs-core:ComputerEquipment 2025-04-01 2026-03-31 01852084 frs-core:ComputerEquipment 2025-03-31 01852084 frs-core:CopyrightsPatentsTrademarksServiceOperatingRights 2026-03-31 01852084 frs-core:CopyrightsPatentsTrademarksServiceOperatingRights 2025-04-01 2026-03-31 01852084 frs-core:CopyrightsPatentsTrademarksServiceOperatingRights 2025-03-31 01852084 frs-core:FurnitureFittings 2026-03-31 01852084 frs-core:FurnitureFittings 2025-04-01 2026-03-31 01852084 frs-core:FurnitureFittings 2025-03-31 01852084 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2026-03-31 01852084 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2025-04-01 2026-03-31 01852084 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2025-03-31 01852084 frs-core:MoreThanFiveYears 2026-03-31 01852084 frs-core:MotorVehicles 2026-03-31 01852084 frs-core:MotorVehicles 2025-04-01 2026-03-31 01852084 frs-core:MotorVehicles 2025-03-31 01852084 frs-core:PlantMachinery 2026-03-31 01852084 frs-core:PlantMachinery 2025-04-01 2026-03-31 01852084 frs-core:PlantMachinery 2025-03-31 01852084 frs-core:WithinOneYear 2026-03-31 01852084 frs-core:SharePremium 2026-03-31 01852084 frs-core:ShareCapital 2026-03-31 01852084 frs-core:RetainedEarningsAccumulatedLosses 2026-03-31 01852084 frs-bus:PrivateLimitedCompanyLtd 2025-04-01 2026-03-31 01852084 frs-bus:FilletedAccounts 2025-04-01 2026-03-31 01852084 frs-bus:SmallEntities 2025-04-01 2026-03-31 01852084 frs-bus:AuditExempt-NoAccountantsReport 2025-04-01 2026-03-31 01852084 frs-bus:SmallCompaniesRegimeForAccounts 2025-04-01 2026-03-31 01852084 frs-bus:OrdinaryShareClass2 2025-04-01 2026-03-31 01852084 frs-bus:OrdinaryShareClass2 2026-03-31 01852084 frs-bus:OrdinaryShareClass3 2025-04-01 2026-03-31 01852084 frs-bus:OrdinaryShareClass3 2026-03-31 01852084 1 2025-04-01 2026-03-31 01852084 frs-bus:Director1 2025-04-01 2026-03-31 01852084 frs-bus:Director2 2025-04-01 2026-03-31 01852084 frs-bus:Director3 2025-04-01 2026-03-31 01852084 frs-bus:CompanySecretary1 2025-04-01 2026-03-31 01852084 frs-core:CurrentFinancialInstruments 1 2026-03-31 01852084 frs-countries:EnglandWales 2025-04-01 2026-03-31 01852084 2024-03-31 01852084 2025-03-31 01852084 2024-04-01 2025-03-31 01852084 frs-core:CurrentFinancialInstruments 2025-03-31 01852084 frs-core:Non-currentFinancialInstruments 2025-03-31 01852084 frs-core:BetweenOneFiveYears 2025-03-31 01852084 frs-core:MoreThanFiveYears 2025-03-31 01852084 frs-core:WithinOneYear 2025-03-31 01852084 frs-core:SharePremium 2025-03-31 01852084 frs-core:ShareCapital 2025-03-31 01852084 frs-core:RetainedEarningsAccumulatedLosses 2025-03-31 01852084 frs-bus:OrdinaryShareClass2 2024-04-01 2025-03-31 01852084 frs-bus:OrdinaryShareClass3 2024-04-01 2025-03-31 01852084 frs-core:CurrentFinancialInstruments 1 2025-03-31 01852084 frs-core:Non-currentFinancialInstruments 1 2025-03-31
Registered number: 01852084
The Soundhouse Limited
Unaudited Financial Statements
For The Year Ended 31 March 2026
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—7
Page 1
Balance Sheet
Registered number: 01852084
2026 2025
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 1 1
Tangible Assets 5 28,701 40,025
28,702 40,026
CURRENT ASSETS
Debtors 6 112,133 73,964
Cash at bank and in hand 280 22,707
112,413 96,671
Creditors: Amounts Falling Due Within One Year 7 (145,428 ) (79,337 )
NET CURRENT ASSETS (LIABILITIES) (33,015 ) 17,334
TOTAL ASSETS LESS CURRENT LIABILITIES (4,313 ) 57,360
Creditors: Amounts Falling Due After More Than One Year 8 (6,082 ) (42,616 )
NET (LIABILITIES)/ASSETS (10,395 ) 14,744
CAPITAL AND RESERVES
Called up share capital 11 138 138
Share premium account 9,990 9,990
Profit and Loss Account (20,523 ) 4,616
SHAREHOLDERS' FUNDS (10,395) 14,744
Page 1
Page 2
For the year ending 31 March 2026 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
M K Oliver
Director
P J Horne
Director
21 July 2026
The notes on pages 3 to 7 form part of these financial statements.
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Page 3
Notes to the Financial Statements
1. General Information
The Soundhouse Limited Registered number 01852084 is a limited by shares company incorporated in England & Wales. The Registered Office is Unit 10 Victoria Industrial Estate, Victoria Road, London, W3 6UU.
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 - Intellectual Property
Intellectual property rights are amortised to the profit and loss account over its estimated economic life of 10 years.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at cost less depreciation. 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:
Leasehold in accordance with the lease
Plant & Machinery 20% on cost
Motor Vehicles 25% on cost
Fixtures & Fittings at varying rates on cost
Improvements to Property 10% 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. 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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2.7. 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 year 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 asset reflects 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.
2.8. Pensions
The company operates a defined contribution pension scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
2.9. Registrar Filing Requirements
The company has taken advantage of Companies Act 2006 section 444(1) and opted not to file the profit and loss account, directors report, and notes to the financial statements relating to the profit and loss account.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 7 (2025: 8)
7 8
4. Intangible Assets
Intellectual Property
£
Cost
As at 1 April 2025 81,000
As at 31 March 2026 81,000
Amortisation
As at 1 April 2025 80,999
As at 31 March 2026 80,999
Net Book Value
As at 31 March 2026 1
As at 1 April 2025 1
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5. Tangible Assets
Land & Property
Leasehold Plant & Machinery Motor Vehicles Fixtures & Fittings
£ £ £ £
Cost
As at 1 April 2025 19,103 604,621 36,758 338,968
Additions - - - 939
As at 31 March 2026 19,103 604,621 36,758 339,907
Depreciation
As at 1 April 2025 12,825 599,320 12,785 334,858
Provided during the period 965 3,719 6,000 1,216
As at 31 March 2026 13,790 603,039 18,785 336,074
Net Book Value
As at 31 March 2026 5,313 1,582 17,973 3,833
As at 1 April 2025 6,278 5,301 23,973 4,110
Improvements to Property Total
£ £
Cost
As at 1 April 2025 20,720 1,020,170
Additions - 939
As at 31 March 2026 20,720 1,021,109
Depreciation
As at 1 April 2025 20,357 980,145
Provided during the period 363 12,263
As at 31 March 2026 20,720 992,408
Net Book Value
As at 31 March 2026 - 28,701
As at 1 April 2025 363 40,025
6. Debtors
2026 2025
£ £
Due within one year
Trade debtors 77,518 39,349
Prepayments and accrued income 34,615 34,615
112,133 73,964
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7. Creditors: Amounts Falling Due Within One Year
2026 2025
£ £
Net obligations under finance lease and hire purchase contracts 3,603 3,247
Trade creditors 22,195 6,364
Bank loans and overdrafts 50,353 -
Corporation tax 11,636 8,674
Other taxes and social security 6,237 5,744
VAT 13,831 16,935
Pension fund loan 32,932 30,258
Accruals 4,588 7,419
Directors' loan accounts 53 696
145,428 79,337
8. Creditors: Amounts Falling Due After More Than One Year
2026 2025
£ £
Net obligations under finance lease and hire purchase contracts 6,082 9,684
Pension fund loan > 1 year - 32,932
6,082 42,616
9. Secured Creditors
Of the creditors falling due within and after more than one year the following amounts are secured.
The Pension fund loan is from The Trustees of Soundhouse Pension Scheme which is secured by a Debenture giving a fixed and floating charge over the assets and undertaking of the company.
Obligations under finance lease and hire purchase contracts are secured on the assets concerned.
2026 2025
£ £
Net obligations under finance lease and hire purchase contracts 9,685 12,931
Other Creditors 32,932 63,190
10. Obligations Under Finance Leases and Hire Purchase
2026 2025
£ £
The future minimum finance lease payments are as follows:
Not later than one year 4,300 4,300
Later than one year and not later than five years 6,460 10,760
10,760 15,060
Less: Finance charges allocated to future periods 1,075 2,129
9,685 12,931
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11. Share Capital
2026 2025
Allotted, called up and fully paid £ £
9,625 Ordinary A shares of £ 0.010 each 96 96
4,125 Ordinary B shares of £ 0.010 each 42 42
138 138
12. Other Commitments
At the end of the period the company had annual commitments under non-cancellable operating leases as follows:
2026 2025
£ £
Later than five years 150,000 150,000
150,000 150,000
13. Pension Commitments
The company operates a defined contribution pension. The assets of the scheme are held separately from those of the company in an independently administered fund. At the balance sheet date there were no unpaid contributions.
14. Directors Advances, Credits and Guarantees
Dividends paid to directors
2026 2025
£ £
M K Oliver 46,879 30,918
P J Horne 12,478 12,931
15. Dividends
2026 2025
£ £
On equity shares:
Interim dividend paid 59,359 43,849
16. Controlling Party
The company's controlling party is Philip Horne by virtue of his ownership of 55% of the issued share capital in the company.
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