Acorah Software Products - Accounts Production 19.3.550 false true 31 December 2024 1 January 2024 false 1 January 2025 31 December 2025 31 December 2025 09921994 Mr Gerard Barnes Mr Norman Erhard iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 09921994 2024-12-31 09921994 2025-12-31 09921994 2025-01-01 2025-12-31 09921994 frs-core:CurrentFinancialInstruments 2025-12-31 09921994 frs-core:Non-currentFinancialInstruments 2025-12-31 09921994 frs-core:ComputerEquipment 2025-12-31 09921994 frs-core:ComputerEquipment 2025-01-01 2025-12-31 09921994 frs-core:ComputerEquipment 2024-12-31 09921994 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2025-01-01 2025-12-31 09921994 frs-core:FurnitureFittings 2025-12-31 09921994 frs-core:FurnitureFittings 2025-01-01 2025-12-31 09921994 frs-core:FurnitureFittings 2024-12-31 09921994 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2025-12-31 09921994 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2025-01-01 2025-12-31 09921994 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-12-31 09921994 frs-core:OtherResidualIntangibleAssets 2025-12-31 09921994 frs-core:OtherResidualIntangibleAssets 2024-12-31 09921994 frs-core:PlantMachinery 2025-12-31 09921994 frs-core:PlantMachinery 2025-01-01 2025-12-31 09921994 frs-core:PlantMachinery 2024-12-31 09921994 frs-core:SharePremium 2025-12-31 09921994 frs-core:ShareCapital 2025-12-31 09921994 frs-core:RetainedEarningsAccumulatedLosses 2025-12-31 09921994 frs-bus:PrivateLimitedCompanyLtd 2025-01-01 2025-12-31 09921994 frs-bus:FilletedAccounts 2025-01-01 2025-12-31 09921994 frs-bus:SmallEntities 2025-01-01 2025-12-31 09921994 frs-bus:AuditExempt-NoAccountantsReport 2025-01-01 2025-12-31 09921994 frs-bus:SmallCompaniesRegimeForAccounts 2025-01-01 2025-12-31 09921994 frs-bus:Director1 2025-01-01 2025-12-31 09921994 frs-bus:Director2 2025-01-01 2025-12-31 09921994 frs-core:CurrentFinancialInstruments 1 2025-12-31 09921994 frs-countries:EnglandWales 2025-01-01 2025-12-31 09921994 2023-12-31 09921994 2024-12-31 09921994 2024-01-01 2024-12-31 09921994 frs-core:CurrentFinancialInstruments 2024-12-31 09921994 frs-core:Non-currentFinancialInstruments 2024-12-31 09921994 frs-core:SharePremium 2024-12-31 09921994 frs-core:ShareCapital 2024-12-31 09921994 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 09921994 frs-core:CurrentFinancialInstruments 1 2024-12-31
Registered number: 09921994
Smart rTMS Limited
Unaudited Financial Statements
For The Year Ended 31 December 2025
TaxAssist Accountants - Royal Wootton Bassett
Smart rTMS Limited
Contents
Contents

| Page
--- | ---
Balance Sheet | 1—2
Notes to the Financial Statements | 3—5

Page 1
Smart rTMS Limited
Balance Sheet
As At 31 December 2025
Balance Sheet
Registered number: 09921994

| 2025 | 2024
--- | --- | ---
| Notes | £ | £ | £ | £
FIXED ASSETS
Tangible Assets | 5 |  | 109,797 |  | 104,954
|  |  | 109,797 |  | 104,954
CURRENT ASSETS
Stocks | 6 | 200 |  | 6,401 |
Debtors | 7 | 252,384 |  | 267,815 |
Cash at bank and in hand |  | 12,406 |  | 18,642 |
|  | 264,990 |  | 292,858 |
Creditors: Amounts Falling Due Within One Year | 8 | (145,912 ) |  | (124,646 ) |
NET CURRENT ASSETS (LIABILITIES) |  |  | 119,078 |  | 168,212
TOTAL ASSETS LESS CURRENT LIABILITIES |  |  | 228,875 |  | 273,166
Creditors: Amounts Falling Due After More Than One Year | 9 |  | (353,819 ) |  | (278,700 )
NET LIABILITIES |  |  | (124,944 ) |  | (5,534 )
CAPITAL AND RESERVES
Called up share capital | 10 |  | 1,008 |  | 1,008
Share premium account |  |  | 1,015,188 |  | 1,015,188
Profit and Loss Account |  |  | (1,141,140 ) |  | (1,021,730 )
SHAREHOLDERS' FUNDS |  |  | (124,944) |  | (5,534)

Page 1
Page 2
Smart rTMS Limited
Balance Sheet (continued)
As At 31 December 2025
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

Mr Gerard Barnes Director
11/06/2026

The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Smart rTMS Limited
Notes to the Financial Statements
For The Year Ended 31 December 2025
Notes to the Financial Statements
1. General Information
Smart rTMS Limited is a private company, limited by shares, incorporated in England & Wales, registered number 09921994 . The registered office is Unit 9 Cirencester Business Park, Tetbury Road, Cirencester, GL7 6JJ.
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.
2.3. Intangible Fixed Assets and Amortisation - Other Intangible
Other intangible assets are amortised over its estimated economic life.
2.4. 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:

Leasehold | 10% straight line
Plant & Machinery | 10% straight line
Fixtures & Fittings | 20% straight line
Computer Equipment | 33% straight line

2.5. 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 14 (2024: 13)
14 13
4. Intangible Assets

| Other
--- | ---
| £
Cost
As at 1 January 2025 | 17,490
As at 31 December 2025 | 17,490
Amortisation
As at 1 January 2025 | 17,490
As at 31 December 2025 | 17,490
Net Book Value
As at 31 December 2025 | -
As at 1 January 2025 | -

Page 3
Page 4
Smart rTMS Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 December 2025
5. Tangible Assets

| Land & Property
--- | ---
| Leasehold | Plant & Machinery | Fixtures & Fittings | Computer Equipment | Total
| £ | £ | £ | £ | £
Cost
As at 1 January 2025 | 1,248 | 214,374 | 3,809 | 14,109 | 233,540
Additions | - | 27,403 | - | 2,613 | 30,016
As at 31 December 2025 | 1,248 | 241,777 | 3,809 | 16,722 | 263,556
Depreciation
As at 1 January 2025 | 125 | 110,543 | 3,809 | 14,109 | 128,586
Provided during the period | 125 | 24,177 | - | 871 | 25,173
As at 31 December 2025 | 250 | 134,720 | 3,809 | 14,980 | 153,759
Net Book Value
As at 31 December 2025 | 998 | 107,057 | - | 1,742 | 109,797
As at 1 January 2025 | 1,123 | 103,831 | - | - | 104,954

6. Stocks

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Finished goods | 200 |  | 6,401

7. Debtors

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Due within one year
Trade debtors | 75,384 |  | 71,829
Prepayments and accrued income | 3,863 |  | 2,227
Other debtors | 9,166 |  | 12,806
Intercompany - Ireland | 73,971 |  | 90,953
Deferred tax current asset | 57,000 |  | 57,000
| 219,384 |  | 234,815
Due after more than one year
Deferred tax current asset | 33,000 |  | 33,000
| 252,384 |  | 267,815

Page 4
Page 5
Smart rTMS Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 December 2025
8. Creditors: Amounts Falling Due Within One Year

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Trade creditors | 61,555 |  | 56,866
Bank loans and overdrafts | 24,975 |  | 18,304
Other taxes and social security | 23,186 |  | 11,857
Other creditors | - |  | 395
Accruals and deferred income | 36,196 |  | 37,224
| 145,912 |  | 124,646

9. Creditors: Amounts Falling Due After More Than One Year

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Bank loans | 21,417 |  | 50,930
Shareholder loan | 332,402 |  | 227,770
| 353,819 |  | 278,700

10. Share Capital

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Allotted, Called up and fully paid | 1,008 |  | 1,008

11. Other Commitments
The total of future minimum lease payments under non-cancellable operating leases are as following:
Page 5