Acorah Software Products - Accounts Production 19.3.600 false true 31 March 2025 1 April 2024 false 1 April 2025 31 March 2026 31 March 2026 07847419 Mr I Churchill Mrs S Churchill iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 07847419 2025-03-31 07847419 2026-03-31 07847419 2025-04-01 2026-03-31 07847419 frs-core:CurrentFinancialInstruments 2026-03-31 07847419 frs-core:FurnitureFittings 2025-04-01 2026-03-31 07847419 frs-core:NetGoodwill 2026-03-31 07847419 frs-core:NetGoodwill 2025-04-01 2026-03-31 07847419 frs-core:NetGoodwill 2025-03-31 07847419 frs-core:PlantMachinery 2026-03-31 07847419 frs-core:PlantMachinery 2025-04-01 2026-03-31 07847419 frs-core:PlantMachinery 2025-03-31 07847419 frs-core:ShareCapital 2026-03-31 07847419 frs-core:RetainedEarningsAccumulatedLosses 2026-03-31 07847419 frs-bus:PrivateLimitedCompanyLtd 2025-04-01 2026-03-31 07847419 frs-bus:FilletedAccounts 2025-04-01 2026-03-31 07847419 frs-bus:SmallEntities 2025-04-01 2026-03-31 07847419 frs-bus:AuditExempt-NoAccountantsReport 2025-04-01 2026-03-31 07847419 frs-bus:SmallCompaniesRegimeForAccounts 2025-04-01 2026-03-31 07847419 frs-bus:Director1 2025-04-01 2026-03-31 07847419 frs-bus:Director1 2025-03-31 07847419 frs-bus:Director1 2026-03-31 07847419 frs-bus:Director2 2025-04-01 2026-03-31 07847419 frs-bus:Director2 2025-03-31 07847419 frs-bus:Director2 2026-03-31 07847419 frs-countries:EnglandWales 2025-04-01 2026-03-31 07847419 2024-03-31 07847419 2025-03-31 07847419 2024-04-01 2025-03-31 07847419 frs-core:CurrentFinancialInstruments 2025-03-31 07847419 frs-core:ShareCapital 2025-03-31 07847419 frs-core:RetainedEarningsAccumulatedLosses 2025-03-31
Registered number: 07847419
Ocean Point Ltd
Financial Statements
For The Year Ended 31 March 2026
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 07847419
2026 2025
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 5 2,621 2,304
2,621 2,304
CURRENT ASSETS
Stocks 6 18 18
Debtors 7 9,074 12,977
Cash at bank and in hand 25,299 21,288
34,391 34,283
Creditors: Amounts Falling Due Within One Year 8 (9,695 ) (11,055 )
NET CURRENT ASSETS (LIABILITIES) 24,696 23,228
TOTAL ASSETS LESS CURRENT LIABILITIES 27,317 25,532
NET ASSETS 27,317 25,532
CAPITAL AND RESERVES
Called up share capital 9 2 2
Profit and Loss Account 27,315 25,530
SHAREHOLDERS' FUNDS 27,317 25,532
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
Mrs S Churchill
Director
7th August 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
Ocean Point Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 07847419 . The registered office is 76 Aldwick Road, Bognor Regis, West Sussex, PO21 2PE.
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 attributable to the period and regardless of the timing of invoices.
2.3. Intangible Fixed Assets and Amortisation - Goodwill
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.
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:
Fixtures & Fittings 25% on reducing balance
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.
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 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2025: 2)
2 2
Page 3
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4. Intangible Assets
Goodwill
£
Cost
As at 1 April 2025 30,000
As at 31 March 2026 30,000
Amortisation
As at 1 April 2025 30,000
As at 31 March 2026 30,000
Net Book Value
As at 31 March 2026 -
As at 1 April 2025 -
5. Tangible Assets
Plant & Machinery etc.
£
Cost
As at 1 April 2025 12,888
Additions 1,191
As at 31 March 2026 14,079
Depreciation
As at 1 April 2025 10,584
Provided during the period 874
As at 31 March 2026 11,458
Net Book Value
As at 31 March 2026 2,621
As at 1 April 2025 2,304
6. Stocks
2026 2025
£ £
Stock 18 18
7. Debtors
2026 2025
£ £
Due within one year
Trade debtors 6,077 9,613
Other debtors 2,997 3,364
9,074 12,977
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8. Creditors: Amounts Falling Due Within One Year
2026 2025
£ £
Other creditors 1,500 1,500
Taxation and social security 8,195 9,555
9,695 11,055
9. Share Capital
2026 2025
£ £
Allotted, Called up and fully paid 2 2
10. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 April 2025 Amounts advanced Amounts repaid Amounts written off As at 31 March 2026
£ £ £ £ £
Mr Ian Churchill 1,682 1,499 1,682 - 1,499
Mrs Sacha Churchill 1,682 1,499 1,682 - 1,499
The above loan is unsecured, interest free and repayable on demand.
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