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Registered number: 14652031
Asp's Building Services Limited
Unaudited Financial Statements
For The Year Ended 31 March 2026
Priory Accountants Ltd
AAT Licenced Accountant
29-30 Fleet Street
Torquay
Devon
TQ1 1BB
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 14652031
2026 2025
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 36,667 56,667
Tangible Assets 5 32,677 40,846
69,344 97,513
CURRENT ASSETS
Debtors 6 267,476 162,692
Cash at bank and in hand 248,159 211,911
515,635 374,603
Creditors: Amounts Falling Due Within One Year 7 (197,484 ) (166,824 )
NET CURRENT ASSETS (LIABILITIES) 318,151 207,779
TOTAL ASSETS LESS CURRENT LIABILITIES 387,495 305,292
Creditors: Amounts Falling Due After More Than One Year 8 (100,000 ) (100,000 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (6,209 ) (7,761 )
NET ASSETS 281,286 197,531
CAPITAL AND RESERVES
Called up share capital 9 2 2
Profit and Loss Account 281,284 197,529
SHAREHOLDERS' FUNDS 281,286 197,531
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
Mr Luke Asplen
Director
29th July 2026
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Asp's Building Services Limited is a private company, limited by shares, incorporated in England & Wales, registered number 14652031 . The registered office is 48 Cary Park Road, Torquay, Devon, TQ1 3PU.
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 the profit and loss account over its estimated economic life of .... years.
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:
Motor Vehicles 20% Reducing Balance
2.5. 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.
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Page 4
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2025: 2)
2 2
4. Intangible Assets
Goodwill
£
Cost
As at 1 April 2025 100,000
As at 31 March 2026 100,000
Amortisation
As at 1 April 2025 43,333
Provided during the period 20,000
As at 31 March 2026 63,333
Net Book Value
As at 31 March 2026 36,667
As at 1 April 2025 56,667
5. Tangible Assets
Motor Vehicles
£
Cost
As at 1 April 2025 60,510
As at 31 March 2026 60,510
Depreciation
As at 1 April 2025 19,664
Provided during the period 8,169
As at 31 March 2026 27,833
Net Book Value
As at 31 March 2026 32,677
As at 1 April 2025 40,846
6. Debtors
2026 2025
£ £
Due within one year
Trade debtors 185,248 80,863
Other debtors 2,228 1,829
187,476 82,692
Due after more than one year
Amounts owed by participating interests 80,000 80,000
267,476 162,692
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7. Creditors: Amounts Falling Due Within One Year
2026 2025
£ £
Trade creditors 39,200 28,702
Other creditors 47,971 48,923
Taxation and social security 110,313 89,199
197,484 166,824
Included in other creditors is a balance owed to the directors of £44,829 which has no set repayment date and whereby interest has been charged at 8%.
8. Creditors: Amounts Falling Due After More Than One Year
2026 2025
£ £
Other creditors 100,000 100,000
Included in the other creditors is a balance owed to the directors of £100,000 which has no set repayment date and whereby interest has been charged at 8%.
9. Share Capital
2026 2025
£ £
Allotted, Called up and fully paid 2 2
10. Related Party Transactions
F.OJ. Properties LimitedLoan to company

F.OJ. Properties Limited

Loan to company

F.O.J Properties Limited has the same directors and shareholders.
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