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 07488675 Mr. P J Hares Mrs C T Meins Miss C Meins Mr R I Meins Mr T S Huxley iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 07488675 2025-03-31 07488675 2026-03-31 07488675 2025-04-01 2026-03-31 07488675 frs-core:CurrentFinancialInstruments 2026-03-31 07488675 frs-core:MotorVehicles 2026-03-31 07488675 frs-core:MotorVehicles 2025-04-01 2026-03-31 07488675 frs-core:MotorVehicles 2025-03-31 07488675 frs-core:PlantMachinery 2026-03-31 07488675 frs-core:PlantMachinery 2025-04-01 2026-03-31 07488675 frs-core:PlantMachinery 2025-03-31 07488675 frs-core:CapitalRedemptionReserve 2026-03-31 07488675 frs-core:ShareCapital 2026-03-31 07488675 frs-core:RetainedEarningsAccumulatedLosses 2026-03-31 07488675 frs-bus:PrivateLimitedCompanyLtd 2025-04-01 2026-03-31 07488675 frs-bus:FilletedAccounts 2025-04-01 2026-03-31 07488675 frs-bus:SmallEntities 2025-04-01 2026-03-31 07488675 frs-bus:AuditExempt-NoAccountantsReport 2025-04-01 2026-03-31 07488675 frs-bus:SmallCompaniesRegimeForAccounts 2025-04-01 2026-03-31 07488675 frs-bus:Director1 2025-04-01 2026-03-31 07488675 frs-bus:Director2 2025-04-01 2026-03-31 07488675 frs-bus:Director3 2025-04-01 2026-03-31 07488675 frs-bus:Director4 2025-04-01 2026-03-31 07488675 frs-bus:Director5 2025-04-01 2026-03-31 07488675 frs-countries:EnglandWales 2025-04-01 2026-03-31 07488675 2024-03-31 07488675 2025-03-31 07488675 2024-04-01 2025-03-31 07488675 frs-core:CurrentFinancialInstruments 2025-03-31 07488675 frs-core:CapitalRedemptionReserve 2025-03-31 07488675 frs-core:ShareCapital 2025-03-31 07488675 frs-core:RetainedEarningsAccumulatedLosses 2025-03-31
Registered number: 07488675
Formula Promotions Ltd
Unaudited 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: 07488675
2026 2025
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 454,314 333,264
454,314 333,264
CURRENT ASSETS
Debtors 5 6,628,252 7,907,792
Cash at bank and in hand 3,222,824 3,010,803
9,851,076 10,918,595
Creditors: Amounts Falling Due Within One Year 6 59,329 (12,728 )
NET CURRENT ASSETS (LIABILITIES) 9,910,405 10,905,867
TOTAL ASSETS LESS CURRENT LIABILITIES 10,364,719 11,239,131
PROVISIONS FOR LIABILITIES
Deferred Taxation (75,424 ) (91,827 )
NET ASSETS 10,289,295 11,147,304
CAPITAL AND RESERVES
Called up share capital 7 1,000 1,000
Capital redemption reserve 1,520,000 1,520,000
Profit and Loss Account 8,768,295 9,626,304
SHAREHOLDERS' FUNDS 10,289,295 11,147,304
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 R I Meins
Director
5th 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
Formula Promotions Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 07488675 . The registered office is 4th Floor, 100 Fenchurch Street, London, EC3M 5JD.
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. 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
Motor Vehicles 25% reducing balance
2.4. Investment Properties
All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.
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.
...CONTINUED
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2.5. Taxation - continued
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.
2.6. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 6 (2025: 6)
6 6
4. Tangible Assets
Plant & Machinery Motor Vehicles Total
£ £ £
Cost
As at 1 April 2025 90,379 690,596 780,975
Additions 152,619 69,000 221,619
As at 31 March 2026 242,998 759,596 1,002,594
Depreciation
As at 1 April 2025 80,362 367,349 447,711
Provided during the period 2,506 98,063 100,569
As at 31 March 2026 82,868 465,412 548,280
Net Book Value
As at 31 March 2026 160,130 294,184 454,314
As at 1 April 2025 10,017 323,247 333,264
5. Debtors
2026 2025
£ £
Due within one year
Trade debtors - 22,680
Other debtors 6,628,252 7,885,112
6,628,252 7,907,792
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Page 5
6. Creditors: Amounts Falling Due Within One Year
2026 2025
£ £
Trade creditors 99,101 43,421
Bank loans and overdrafts 85,007 -
Other creditors 77,002 25,404
Taxation and social security (320,439 ) (56,097 )
(59,329 ) 12,728
7. Share Capital
2026 2025
£ £
Allotted, Called up and fully paid 1,000 1,000
Page 5