Acorah Software Products - Accounts Production 19.2.450 false true 31 July 2024 1 August 2023 false 1 August 2024 31 July 2025 31 July 2025 11463748 Mr Neil Ashley Mrs Marsha Robinson iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 11463748 2024-07-31 11463748 2025-07-31 11463748 2024-08-01 2025-07-31 11463748 frs-core:CurrentFinancialInstruments 2025-07-31 11463748 frs-core:ComputerEquipment 2025-07-31 11463748 frs-core:ComputerEquipment 2024-08-01 2025-07-31 11463748 frs-core:ComputerEquipment 2024-07-31 11463748 frs-core:FurnitureFittings 2025-07-31 11463748 frs-core:FurnitureFittings 2024-08-01 2025-07-31 11463748 frs-core:FurnitureFittings 2024-07-31 11463748 frs-core:PlantMachinery 2025-07-31 11463748 frs-core:PlantMachinery 2024-08-01 2025-07-31 11463748 frs-core:PlantMachinery 2024-07-31 11463748 frs-core:ShareCapital 2025-07-31 11463748 frs-core:RetainedEarningsAccumulatedLosses 2025-07-31 11463748 frs-bus:PrivateLimitedCompanyLtd 2024-08-01 2025-07-31 11463748 frs-bus:FilletedAccounts 2024-08-01 2025-07-31 11463748 frs-bus:SmallEntities 2024-08-01 2025-07-31 11463748 frs-bus:AuditExempt-NoAccountantsReport 2024-08-01 2025-07-31 11463748 frs-bus:SmallCompaniesRegimeForAccounts 2024-08-01 2025-07-31 11463748 frs-bus:Director1 2024-08-01 2025-07-31 11463748 frs-bus:Director1 2024-07-31 11463748 frs-bus:Director1 2025-07-31 11463748 frs-bus:Director2 2024-08-01 2025-07-31 11463748 frs-countries:EnglandWales 2024-08-01 2025-07-31 11463748 2023-07-31 11463748 2024-07-31 11463748 2023-08-01 2024-07-31 11463748 frs-core:CurrentFinancialInstruments 2024-07-31 11463748 frs-core:ShareCapital 2024-07-31 11463748 frs-core:RetainedEarningsAccumulatedLosses 2024-07-31
Registered number: 11463748
Paladin-Knight Ltd
Unaudited Financial Statements
For The Year Ended 31 July 2025
SAS Accounting Services Ltd
The Colchester Centre
Hawkins Road
Colchester
CO2 8JX
Contents
Page
Statement of Financial Position 1—2
Notes to the Financial Statements 3—5
Page 1
Statement of Financial Position
Registered number: 11463748
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 9,359 14,257
9,359 14,257
CURRENT ASSETS
Debtors 5 120,484 154,252
Cash at bank and in hand 134,796 133,562
255,280 287,814
Creditors: Amounts Falling Due Within One Year 6 (114,172 ) (128,499 )
NET CURRENT ASSETS (LIABILITIES) 141,108 159,315
TOTAL ASSETS LESS CURRENT LIABILITIES 150,467 173,572
PROVISIONS FOR LIABILITIES
Deferred Taxation (2,340 ) (2,420 )
NET ASSETS 148,127 171,152
CAPITAL AND RESERVES
Called up share capital 7 87 87
Income Statement 148,040 171,065
SHAREHOLDERS' FUNDS 148,127 171,152
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For the year ending 31 July 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 Income Statement.
On behalf of the board
Mr Neil Ashley
Director
Mrs Marsha Robinson
Director
22nd July 2026
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Paladin-Knight Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 11463748 . The registered office is The Annexe Wildwood, Hall Road, Barton Turf, Norfolk, NR12 8AR.
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 25% reducing balance
Fixtures & Fittings 20% reducing balance
Computer Equipment 25% reducing balance
2.4. 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.
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3. Average Number of Employees
Average number of employees, including directors, during the year was: 3 (2024: 2)
3 2
4. Tangible Assets
Plant & Machinery Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 August 2024 3,456 12,420 10,034 25,910
Disposals - - (5,271 ) (5,271 )
As at 31 July 2025 3,456 12,420 4,763 20,639
Depreciation
As at 1 August 2024 2,653 3,560 5,440 11,653
Provided during the period 201 2,216 705 3,122
Disposals - - (3,495 ) (3,495 )
As at 31 July 2025 2,854 5,776 2,650 11,280
Net Book Value
As at 31 July 2025 602 6,644 2,113 9,359
As at 1 August 2024 803 8,860 4,594 14,257
5. Debtors
2025 2024
£ £
Due within one year
Trade debtors 39,508 108,298
Prepayments and accrued income 500 -
Other debtors 35,992 45,867
Other taxes and social security 484 -
Directors' loan accounts 43,913 -
Called up share capital not paid 87 87
120,484 154,252
6. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 53,763 2,195
Corporation tax 38,417 38,280
Other taxes and social security - 33
VAT 9,945 31,379
Accruals and deferred income 11,952 56,172
Directors' loan accounts 95 440
114,172 128,499
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7. Share Capital
2025 2024
£ £
Called Up Share Capital not Paid 87 87
Amount of Allotted, Called Up Share Capital 87 87
8. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 August 2024 Amounts advanced Amounts repaid Amounts written off As at 31 July 2025
£ £ £ £ £
Mr Neil Ashley (309 ) 169,418 (125,196 ) - 43,913
The above loan is unsecured, interest free and repayable on demand.
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