Acorah Software Products - Accounts Production 19.1.200 false true 30 June 2024 1 July 2023 false 1 July 2024 31 December 2025 31 December 2025 5068978 Mr James Gordon Reed Mr David Hewett Mr Abri Coetzee iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 5068978 2024-06-30 5068978 2025-12-31 5068978 2024-07-01 2025-12-31 5068978 frs-core:CurrentFinancialInstruments 2025-12-31 5068978 frs-core:Non-currentFinancialInstruments 2025-12-31 5068978 frs-core:BetweenOneFiveYears 2025-12-31 5068978 frs-core:FurnitureFittings 2025-12-31 5068978 frs-core:FurnitureFittings 2024-07-01 2025-12-31 5068978 frs-core:FurnitureFittings 2024-06-30 5068978 frs-core:MotorVehicles 2025-12-31 5068978 frs-core:MotorVehicles 2024-07-01 2025-12-31 5068978 frs-core:MotorVehicles 2024-06-30 5068978 frs-core:PlantMachinery 2025-12-31 5068978 frs-core:PlantMachinery 2024-07-01 2025-12-31 5068978 frs-core:PlantMachinery 2024-06-30 5068978 frs-core:WithinOneYear 2025-12-31 5068978 frs-core:ShareCapital 2025-12-31 5068978 frs-core:RetainedEarningsAccumulatedLosses 2025-12-31 5068978 frs-bus:PrivateLimitedCompanyLtd 2024-07-01 2025-12-31 5068978 frs-bus:FilletedAccounts 2024-07-01 2025-12-31 5068978 frs-bus:SmallEntities 2024-07-01 2025-12-31 5068978 frs-bus:AuditExempt-NoAccountantsReport 2024-07-01 2025-12-31 5068978 frs-bus:SmallCompaniesRegimeForAccounts 2024-07-01 2025-12-31 5068978 frs-bus:Director1 2024-07-01 2025-12-31 5068978 frs-bus:Director1 2024-06-30 5068978 frs-bus:Director1 2025-12-31 5068978 frs-bus:Director2 2024-07-01 2025-12-31 5068978 frs-bus:Director3 2024-07-01 2025-12-31 5068978 frs-bus:Director3 2024-06-30 5068978 frs-bus:Director3 2025-12-31 5068978 frs-countries:EnglandWales 2024-07-01 2025-12-31 5068978 2023-06-30 5068978 2024-06-30 5068978 2023-07-01 2024-06-30 5068978 frs-core:CurrentFinancialInstruments 2024-06-30 5068978 frs-core:Non-currentFinancialInstruments 2024-06-30 5068978 frs-core:BetweenOneFiveYears 2024-06-30 5068978 frs-core:WithinOneYear 2024-06-30 5068978 frs-core:ShareCapital 2024-06-30 5068978 frs-core:RetainedEarningsAccumulatedLosses 2024-06-30
Registered number: 5068978
Morse Networks Ltd
Financial Statements
For the Period 1 July 2024 to 31 December 2025
Tabs 2 Tax Ltd
124, TEMPLAR ROAD
OXFORD
England
OX2 8LZ
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 5068978
31 December 2025 30 June 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 28,908 26,990
28,908 26,990
CURRENT ASSETS
Stocks 5 - 3,332
Debtors 6 194,198 67,585
Cash at bank and in hand 860,358 207,171
1,054,556 278,088
Creditors: Amounts Falling Due Within One Year 7 (282,030 ) (116,005 )
NET CURRENT ASSETS (LIABILITIES) 772,526 162,083
TOTAL ASSETS LESS CURRENT LIABILITIES 801,434 189,073
Creditors: Amounts Falling Due After More Than One Year 8 (647,937 ) -
NET ASSETS 153,497 189,073
CAPITAL AND RESERVES
Called up share capital 9 200 200
Profit and Loss Account 153,297 188,873
SHAREHOLDERS' FUNDS 153,497 189,073
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For the period 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 James Gordon Reed
Director
Mr Abri Coetzee
Director
28/07/2026
The notes on pages 3 to 6 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Morse Networks Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 5068978 . The registered office is Here,470 Bath Road, Office 2.02/2.03, Bristol, BS4 3AP.
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 15% Reducing Balance
Motor Vehicles 25% Reducing Balance
Fixtures & Fittings 25% Reducing Balance
2.4. 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.
2.5. 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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2.6. 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 period, 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 period was: 12 (2024: 12)
12 12
4. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Total
£ £ £ £
Cost
As at 1 July 2024 33,572 16,481 - 50,053
Additions 7,960 - 1,020 8,980
As at 31 December 2025 41,532 16,481 1,020 59,033
Depreciation
As at 1 July 2024 13,535 9,528 - 23,063
Provided during the period 4,738 2,193 131 7,062
As at 31 December 2025 18,273 11,721 131 30,125
Net Book Value
As at 31 December 2025 23,259 4,760 889 28,908
As at 1 July 2024 20,037 6,953 - 26,990
5. Stocks
31 December 2025 30 June 2024
£ £
Work in progress - 3,332
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6. Debtors
31 December 2025 30 June 2024
£ £
Due within one year
Trade debtors 68,097 57,731
Other debtors 126,101 9,854
194,198 67,585
7. Creditors: Amounts Falling Due Within One Year
31 December 2025 30 June 2024
£ £
Trade creditors 47,702 30,541
Bank loans and overdrafts 160,237 -
Other creditors 46,612 52,604
Taxation and social security 27,479 32,860
282,030 116,005
8. Creditors: Amounts Falling Due After More Than One Year
31 December 2025 30 June 2024
£ £
Bank loans 647,937 -
9. Share Capital
31 December 2025 30 June 2024
£ £
Allotted, Called up and fully paid 200 200
10. Other Commitments
The total of future minimum lease payments under non-cancellable operating leases are as following:
31 December 2025 30 June 2024
£ £
Not later than one year 30,643 19,122
Later than one year and not later than five years 30,643 19,122
61,286 38,244
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11. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 July 2024 Amounts advanced Amounts repaid Amounts written off As at 31 December 2025
£ £ £ £ £
Mr James Gordon Reed 24,390 - 24,390 - -
Mr David Hewett 24,450 - 24,450 - -
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