Acorah Software Products - Accounts Production 19.2.450 false true 31 January 2025 1 February 2024 false 1 February 2025 31 January 2026 31 January 2026 08356039 Robert Read Rebecca Holland iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 08356039 2025-01-31 08356039 2026-01-31 08356039 2025-02-01 2026-01-31 08356039 frs-core:CurrentFinancialInstruments 2026-01-31 08356039 frs-core:Non-currentFinancialInstruments 2026-01-31 08356039 frs-core:BetweenOneFiveYears 2026-01-31 08356039 frs-core:ComputerEquipment 2025-02-01 2026-01-31 08356039 frs-core:FurnitureFittings 2026-01-31 08356039 frs-core:FurnitureFittings 2025-02-01 2026-01-31 08356039 frs-core:FurnitureFittings 2025-01-31 08356039 frs-core:NetGoodwill 2026-01-31 08356039 frs-core:NetGoodwill 2025-02-01 2026-01-31 08356039 frs-core:NetGoodwill 2025-01-31 08356039 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2026-01-31 08356039 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2025-02-01 2026-01-31 08356039 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2025-01-31 08356039 frs-core:MotorVehicles 2026-01-31 08356039 frs-core:MotorVehicles 2025-02-01 2026-01-31 08356039 frs-core:MotorVehicles 2025-01-31 08356039 frs-core:WithinOneYear 2026-01-31 08356039 frs-core:RevaluationReserve 2025-02-01 2026-01-31 08356039 frs-core:RevaluationReserve 2025-01-31 08356039 frs-core:RevaluationReserve 2026-01-31 08356039 frs-core:ShareCapital 2026-01-31 08356039 frs-core:RetainedEarningsAccumulatedLosses 2025-02-01 2026-01-31 08356039 frs-core:RetainedEarningsAccumulatedLosses frs-core:PreviouslyStatedAmount 2025-01-31 08356039 frs-core:RetainedEarningsAccumulatedLosses 2026-01-31 08356039 frs-bus:PrivateLimitedCompanyLtd 2025-02-01 2026-01-31 08356039 frs-bus:FilletedAccounts 2025-02-01 2026-01-31 08356039 frs-bus:SmallEntities 2025-02-01 2026-01-31 08356039 frs-bus:AuditExempt-NoAccountantsReport 2025-02-01 2026-01-31 08356039 frs-bus:SmallCompaniesRegimeForAccounts 2025-02-01 2026-01-31 08356039 frs-bus:OrdinaryShareClass2 2025-02-01 2026-01-31 08356039 frs-bus:OrdinaryShareClass2 2026-01-31 08356039 frs-bus:OrdinaryShareClass3 2025-02-01 2026-01-31 08356039 frs-bus:OrdinaryShareClass3 2026-01-31 08356039 frs-bus:OrdinaryShareClass4 2025-02-01 2026-01-31 08356039 frs-bus:OrdinaryShareClass4 2026-01-31 08356039 frs-bus:Director1 2025-02-01 2026-01-31 08356039 frs-bus:Director2 2025-02-01 2026-01-31 08356039 frs-countries:EnglandWales 2025-02-01 2026-01-31 08356039 2024-01-31 08356039 2025-01-31 08356039 2024-02-01 2025-01-31 08356039 frs-core:CurrentFinancialInstruments 2025-01-31 08356039 frs-core:Non-currentFinancialInstruments 2025-01-31 08356039 frs-core:BetweenOneFiveYears 2025-01-31 08356039 frs-core:MotorVehicles 2024-02-01 2025-01-31 08356039 frs-core:WithinOneYear 2025-01-31 08356039 frs-core:RevaluationReserve 2025-01-31 08356039 frs-core:ShareCapital 2025-01-31 08356039 frs-core:RetainedEarningsAccumulatedLosses 2025-01-31 08356039 frs-bus:OrdinaryShareClass2 2024-02-01 2025-01-31 08356039 frs-bus:OrdinaryShareClass3 2024-02-01 2025-01-31 08356039 frs-bus:OrdinaryShareClass4 2024-02-01 2025-01-31
Registered number: 08356039
Read Holland Limited
Unaudited Financial Statements
For The Year Ended 31 January 2026
Read Holland Limited
Contents
Contents

| Page
--- | ---
Balance Sheet | 1—2
Notes to the Financial Statements | 3—8

Page 1
Read Holland Limited
Balance Sheet
As At 31 January 2026
Balance Sheet
Registered number: 08356039

| 2026 | 2025
--- | --- | ---
| Notes | £ | £ | £ | £
FIXED ASSETS
Tangible Assets | 5 |  | 442,685 |  | 431,769
|  |  | 442,685 |  | 431,769
CURRENT ASSETS
Stocks |  | 550 |  | 550 |
Debtors | 6 | 14,814 |  | 20,726 |
Cash at bank and in hand |  | 37,523 |  | 33,606 |
|  | 52,887 |  | 54,882 |
Creditors: Amounts Falling Due Within One Year | 7 | (70,773 ) |  | (56,649 ) |
NET CURRENT ASSETS (LIABILITIES) |  |  | (17,886 ) |  | (1,767 )
TOTAL ASSETS LESS CURRENT LIABILITIES |  |  | 424,799 |  | 430,002
Creditors: Amounts Falling Due After More Than One Year | 8 |  | (213,747 ) |  | (224,940 )
NET ASSETS |  |  | 211,052 |  | 205,062
CAPITAL AND RESERVES
Called up share capital | 10 |  | 150 |  | 150
Revaluation reserve | 13 |  | 85,655 |  | 85,655
Profit and Loss Account |  |  | 125,247 |  | 119,257
SHAREHOLDERS' FUNDS |  |  | 211,052 |  | 205,062

Page 1
Page 2
Read Holland Limited
Balance Sheet (continued)
As At 31 January 2026
For the year ending 31 January 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

Robert Read Director
7 August 2026

The notes on pages 3 to 8 form part of these financial statements.
Page 2
Page 3
Read Holland Limited
Notes to the Financial Statements
For The Year Ended 31 January 2026
Notes to the Financial Statements
1. General Information
Read Holland Limited is a private company, limited by shares, incorporated in England & Wales, registered number 08356039 . The registered office is 13 Hyde Road, Paignton, Devon, TQ4 5BW.
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 profit and loss account over its estimated economic life of 10 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:

Freehold | Not depreciated
Motor Vehicles | 25% reducing balance
Fixtures & Fittings | 10% reducing balance
Computer Equipment | 25% reducing balance

Page 3
Page 4
Read Holland Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 January 2026
2.5. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.
2.6. 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.
2.7. 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 year 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 asset reflects 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 or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also 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 9 (2025: 10)
9 10
Page 4
Page 5
Read Holland Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 January 2026
4. Intangible Assets

| Goodwill
--- | ---
| £
Cost
As at 1 February 2025 | 97,500
As at 31 January 2026 | 97,500
Amortisation
As at 1 February 2025 | 97,500
As at 31 January 2026 | 97,500
Net Book Value
As at 31 January 2026 | -
As at 1 February 2025 | -

5. Tangible Assets

| Land & Property
--- | ---
| Freehold | Motor Vehicles | Fixtures & Fittings | Total
| £ | £ | £ | £
Cost
As at 1 February 2025 | 392,757 | 137,099 | 41,020 | 570,876
Additions | - | 20,000 | - | 20,000
Disposals | - | (7,815 ) | - | (7,815 )
As at 31 January 2026 | 392,757 | 149,284 | 41,020 | 583,061
Depreciation
As at 1 February 2025 | - | 109,281 | 29,826 | 139,107
Provided during the period | - | 7,195 | 1,183 | 8,378
Disposals | - | (7,109 ) | - | (7,109 )
As at 31 January 2026 | - | 109,367 | 31,009 | 140,376
Net Book Value
As at 31 January 2026 | 392,757 | 39,917 | 10,011 | 442,685
As at 1 February 2025 | 392,757 | 27,818 | 11,194 | 431,769

Land and buildings with a carrying amount of £392,757 were revalued in 2017 by a valuer instructed by Natwest Bank.
The independent valuers are not connected with the company, and the valuation conforms to International Valuation Standards and was based on recent market transactions on arm's length terms for similar properties.
If revalued assets were stated on an historical cost basis rather than a fair value basis, the total amounts included would have been £307,102.
Page 5
Page 6
Read Holland Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 January 2026
Included above are assets held under finance leases or hire purchase contracts with a net book value as follows:

| 2026 |  | 2025
--- | --- | --- | ---
| £ |  | £
Motor Vehicles | 30,904 |  | 15,094

6. Debtors

| 2026 |  | 2025
--- | --- | --- | ---
| £ |  | £
Due within one year
Trade debtors | 10,841 |  | 12,569
Prepayments and accrued income | 3,973 |  | 8,157
| 14,814 |  | 20,726

7. Creditors: Amounts Falling Due Within One Year

| 2026 |  | 2025
--- | --- | --- | ---
| £ |  | £
Net obligations under finance lease and hire purchase contracts | 11,550 |  | 3,333
Trade creditors | 7,461 |  | 4,658
Bank loans and overdrafts | 16,557 |  | 19,171
Corporation tax | 3,739 |  | 2,978
Other taxes and social security | 1,956 |  | 2,195
VAT | 5,756 |  | 12,932
Other creditors | 8,498 |  | 56
Accruals and deferred income | 15,256 |  | 11,326
| 70,773 |  | 56,649

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

| 2026 |  | 2025
--- | --- | --- | ---
| £ |  | £
Net obligations under finance lease and hire purchase contracts | 19,588 |  | 3,056
Bank loans | 194,159 |  | 221,884
| 213,747 |  | 224,940

Page 6
Page 7
Read Holland Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 January 2026
9. Obligations Under Finance Leases and Hire Purchase

| 2026 |  | 2025
--- | --- | --- | ---
| £ |  | £
The future minimum finance lease payments are as follows:
Not later than one year | 11,550 |  | 3,333
Later than one year and not later than five years | 19,588 |  | 3,056
| 31,138 |  | 6,389
| 31,138 |  | 6,389

10. Share Capital

| 2026 |  | 2025
--- | --- | --- | ---
Allotted, called up and fully paid | £ |  | £
80 Ordinary A shares of £ 1.000 each | 80 |  | 82
25 Ordinary B shares of £ 1.000 each | 25 |  | 25
45 Ordinary C shares of £ 1.000 each | 45 |  | 43
| 150 |  | 150

Shares issued during the period: | £
2 Ordinary C shares of £ 1.000 each | 2

Shares disposed during the period: | £
2 Ordinary A shares of £ 1.000 each | (2)

11. Directors Advances, Credits and Guarantees
Dividends paid to directors

| 2026 | 2025
--- | --- | ---
| £ | £
Rebecca Holland | 2,709 | 2,368
Robert Read | 17,734 | 22,902

12. Dividends

| 2026 |  | 2025
--- | --- | --- | ---
| £ |  | £
On equity shares:
Interim dividend paid | 21,366 |  | 27,231

Page 7
Page 8
Read Holland Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 January 2026
13. Reserves

| Revaluation reserve | Profit and Loss Account
--- | --- | ---
| £ | £
As at 1 February 2025 | 85,655 | 119,257
Profit for the year and total comprehensive income | - | 27,356
Dividends paid | - | (21,366)
Arising on shares issued during the period | - | -
Share capital reduction | - | -
As at 31 January 2026 | 85,655 | 125,247

Page 8