Acorah Software Products - Accounts Production 18.1.200 false true 31 December 2024 1 January 2024 false 1 January 2025 31 December 2025 31 December 2025 04114738 Mr Stephen Whitby Mr Simon Lees Mr Roberty Whitby Mr Daniel McGuire Stephen Whitby false iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 04114738 2024-12-31 04114738 2025-12-31 04114738 2025-01-01 2025-12-31 04114738 frs-core:CurrentFinancialInstruments 2025-12-31 04114738 frs-core:Non-currentFinancialInstruments 2025-12-31 04114738 frs-core:BetweenOneFiveYears 2025-12-31 04114738 frs-core:ComputerEquipment 2025-12-31 04114738 frs-core:ComputerEquipment 2025-01-01 2025-12-31 04114738 frs-core:ComputerEquipment 2024-12-31 04114738 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2025-01-01 2025-12-31 04114738 frs-core:FurnitureFittings 2025-12-31 04114738 frs-core:FurnitureFittings 2025-01-01 2025-12-31 04114738 frs-core:FurnitureFittings 2024-12-31 04114738 frs-core:MotorVehicles 2025-12-31 04114738 frs-core:MotorVehicles 2025-01-01 2025-12-31 04114738 frs-core:MotorVehicles 2024-12-31 04114738 frs-core:OtherResidualIntangibleAssets 2025-12-31 04114738 frs-core:OtherResidualIntangibleAssets 2025-01-01 2025-12-31 04114738 frs-core:OtherResidualIntangibleAssets 2024-12-31 04114738 frs-core:WithinOneYear 2025-12-31 04114738 frs-core:CapitalRedemptionReserve 2025-12-31 04114738 frs-core:SharePremium 2025-12-31 04114738 frs-core:ShareCapital 2025-12-31 04114738 frs-core:RetainedEarningsAccumulatedLosses 2025-12-31 04114738 frs-bus:PrivateLimitedCompanyLtd 2025-01-01 2025-12-31 04114738 frs-bus:FilletedAccounts 2025-01-01 2025-12-31 04114738 frs-bus:SmallEntities 2025-01-01 2025-12-31 04114738 frs-bus:AuditExemptWithAccountantsReport 2025-01-01 2025-12-31 04114738 frs-bus:SmallCompaniesRegimeForAccounts 2025-01-01 2025-12-31 04114738 1 2025-01-01 2025-12-31 04114738 frs-core:CostValuation 2024-12-31 04114738 frs-core:CostValuation 2025-12-31 04114738 frs-core:ProvisionsForImpairmentInvestments 2024-12-31 04114738 frs-core:ProvisionsForImpairmentInvestments 2025-12-31 04114738 frs-bus:Director1 2025-01-01 2025-12-31 04114738 frs-bus:Director1 2024-12-31 04114738 frs-bus:Director1 2025-12-31 04114738 frs-bus:Director2 2025-01-01 2025-12-31 04114738 frs-bus:Director2 2024-12-31 04114738 frs-bus:Director2 2025-12-31 04114738 frs-bus:Director3 2025-01-01 2025-12-31 04114738 frs-bus:Director4 2025-01-01 2025-12-31 04114738 frs-countries:EnglandWales 2025-01-01 2025-12-31 04114738 2023-12-31 04114738 2024-12-31 04114738 2024-01-01 2024-12-31 04114738 frs-core:CurrentFinancialInstruments 2024-12-31 04114738 frs-core:Non-currentFinancialInstruments 2024-12-31 04114738 frs-core:BetweenOneFiveYears 2024-12-31 04114738 frs-core:WithinOneYear 2024-12-31 04114738 frs-core:CapitalRedemptionReserve 2024-12-31 04114738 frs-core:SharePremium 2024-12-31 04114738 frs-core:ShareCapital 2024-12-31 04114738 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31
Registered number: 04114738
Microbuild Limited
Unaudited Financial Statements
For The Year Ended 31 December 2025
Lothian Accounting Limited (SC556470)
CA
3 Priory Gate
North Berwick
EH39 4SA
Microbuild Limited
Contents
Contents
Page
Accountant's Report 1
Statement of Financial Position 2—3
Notes to the Financial Statements 4—9
Page 1
Microbuild Limited
Accountant's Report
For The Year Ended 31 December 2025
Accountant's Report
In order to assist you to fulfil your duties under the Companies Act 2006, I have prepared for your approval the accounts of Microbuild Limited for the year ended 31 December 2025 which comprise the profit and loss account and balance sheet from the company's accounting records and from information and explanations you have given me. 
As a practising member of the Institute of Chartered Accountants of Scotland, I am subject to its ethical and other professional requirements which are detailed at https://www.icas.com/regulation-technical-resources/documents/framework-for-the-preparation-of-accounts.
This report is made solely to the Board of Directors of Microbuild Limited, as a body, in accordance with the terms of my engagement letter dated 10 July 2024. My work has been undertaken in accordance with the requirements of the Institute of Chartered Accountants of Scotland as detailed at https://www.icas.com/regulation-technical-resources/documents/framework-for-the-preparation-of-accounts. To the fullest extent permitted by law, I do not accept responsibility to anyone other than Microbuild Limited and its Board of Directors as a body for my work or for this report.
I have not been instructed to carry out an audit or a review of the accounts of Microbuild Limited. For this reason, I have not verified the accuracy or completeness of the accounting records or information and explanations you have given to me and I do not, therefore, express any opinion on the financial statements.
Michele-Ange Anderson
14/08/2026
Lothian Accounting Limited (SC556470)
CA
3 Priory Gate
North Berwick
EH39 4SA
Page 1
Page 2
Microbuild Limited
Statement of Financial Position
As At 31 December 2025
Statement of Financial Position
Registered number: 04114738
2025 2024
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 3,226 3,872
Tangible Assets 5 60,590 103,626
Investments 6 324 324
64,140 107,822
CURRENT ASSETS
Debtors 7 1,819,447 1,715,578
Cash at bank and in hand 492,516 439,497
2,311,963 2,155,075
Creditors: Amounts Falling Due Within One Year 8 (808,186 ) (730,607 )
NET CURRENT ASSETS (LIABILITIES) 1,503,777 1,424,468
TOTAL ASSETS LESS CURRENT LIABILITIES 1,567,917 1,532,290
Creditors: Amounts Falling Due After More Than One Year 9 (16,545 ) (29,054 )
NET ASSETS 1,551,372 1,503,236
CAPITAL AND RESERVES
Called up share capital 11 889 889
Share premium account 18,659 18,659
Capital redemption reserve 47 47
Income Statement 1,531,777 1,483,641
SHAREHOLDERS' FUNDS 1,551,372 1,503,236
Page 2
Page 3
Microbuild Limited
Statement of Financial Position (continued)
As At 31 December 2025
For the year 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 Income Statement.
On behalf of the board
Mr Simon Lees
Director
14/08/2026
The notes on pages 4 to 9 form part of these financial statements.
Page 3
Page 4
Microbuild Limited
Notes to the Financial Statements
For The Year Ended 31 December 2025
Notes to the Financial Statements
1. General Information
Microbuild Limited is a private company, limited by shares, incorporated in England & Wales, registered number 04114738 . The registered office is C/O Microbuild Ltd, 49 Peter Street, Manchester, M2 3NG.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared in accordance with FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" ("FRS 102") and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.  
The financial statements are prepared in sterling which is the functional currency of the company.  Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been preared under the historical cost convention. The principal accounting policies adopted are set out below.
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 "The Financial Standard applicable in the UK and Republic of Ireland", not to disclose related party transactions with wholly owned subsidiaries within the group. Amounts due to and due from related paties have been shown as total figures. 
2.2. Intangible Fixed Assets and Amortisation - Other Intangible
Intangible assets acquired separately from a business are recognised at cost and are subsequently measured at cost less accumulated amortisation and accumulated impairment losses.
Amortisation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Patents & licences                                                10% on cost
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are initially measured at costand subsequently measured at cost or valuation, net of depreciation and any impairment losses. 
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases: 
Motor Vehicles 25% on reducing balance
Fixtures & Fittings 15% on reducing balance
Computer Equipment 25% on cost
2.4. 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 income statement so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.
Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the leases asset are consumed.
Page 4
Page 5
Microbuild Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 December 2025
2.5. Financial Instruments
The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the company's statement of financial position when the company becomes party to the contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.
Classification of financial liabilities
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
Basic financial liabilities
Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.
Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.
2.6. Foreign Currencies
Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation in the period are included in profit or loss.
2.7. Taxation
The tax expense represents the sum of the tax currently payable and deferred tax.
Current tax
The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the income statement because it excludes items of income or expense that are taxable or deductible in other years and it further excludes 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 reporting end date.
Deferred tax
Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.
The carrying amount of deferred tax assets is reviewed at each reporting end date 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 is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the income statement, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities
and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.
Page 5
Page 6
Microbuild Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 December 2025
2.8. Fixed asset investments
Investments in subsidiary undertakings are recognised at cost.
A subsidiary is an entity controlled by the company. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.
Impairment of fixed assets
At each reporting period end date, the company reviews the carrying amounts of its tangible and intangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.
Recoverable amount is the higher of fair value less costs to sell and value in use. In assessing value in use, the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset for which the estimates of future cash flows have not been adjusted.
If the recoverable amount of an asset (or cash-generating unit) is estimated to be less than its carrying amount, the carrying amount of the asset (or cash-generating unit) is reduced to its recoverable amount. An impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the impairment loss is treated as a revaluation decrease.
Recognised impairment losses are reversed if, and only if, the reasons for the impairment loss have ceased to apply. Where an impairment loss subsequently reverses, the carrying amount of the asset (or cash-generating unit) is increased to the revised estimate of its recoverable amount, but so that the increased carrying amount does not exceed the carrying amount that would have been determined had no impairment loss been recognised for the asset (or cash-generating unit) in prior years. A reversal of an impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the reversal of the impairment loss is treated as a revaluation increase.
2.9. Employee benefits
Short term employee benefits, including holiday pay are recognised as an expense in the income statement in the period in which they are incurred.
2.10. Retirement benefits
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 25 (2024: 29)
25 29
4. Intangible Assets
Other
£
Cost
As at 1 January 2025 6,461
As at 31 December 2025 6,461
Amortisation
As at 1 January 2025 2,589
Provided during the period 646
As at 31 December 2025 3,235
Net Book Value
As at 31 December 2025 3,226
As at 1 January 2025 3,872
Page 6
Page 7
Microbuild Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 December 2025
5. Tangible Assets
Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 January 2025 155,606 3,441 22,884 181,931
Additions - - 4,386 4,386
Disposals (67,062 ) - (2,315 ) (69,377 )
As at 31 December 2025 88,544 3,441 24,955 116,940
Depreciation
As at 1 January 2025 65,933 1,584 10,788 78,305
Provided during the period 18,422 279 5,061 23,762
Disposals (44,849 ) - (868 ) (45,717 )
As at 31 December 2025 39,506 1,863 14,981 56,350
Net Book Value
As at 31 December 2025 49,038 1,578 9,974 60,590
As at 1 January 2025 89,673 1,857 12,096 103,626
6. Investments
Subsidiaries
£
Cost
As at 1 January 2025 324
As at 31 December 2025 324
Provision
As at 1 January 2025 -
As at 31 December 2025 -
Net Book Value
As at 31 December 2025 324
As at 1 January 2025 324
7. Debtors
2025 2024
£ £
Due within one year
Prepayments and accrued income 16,372 29,968
Other debtors 110,763 110,630
Deferred tax current asset 5,238 3,543
Directors' loan accounts 300,241 275,339
Amounts owed by subsidiaries 1,386,833 1,296,098
1,819,447 1,715,578
A deferred tax asset has been recongnised to reflect the timing differences in tax relief on tangible fixed assets but has not been recognised for trading losses since there is still uncertainty over their use.
Page 7
Page 8
Microbuild Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 December 2025
8. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Net obligations under finance lease and hire purchase contracts 11,250 19,271
Trade creditors 13,842 17
Corporation tax 8,404 13,952
Other taxes and social security 62,391 39,749
VAT 85,841 87,998
Other creditors 24,425 14,199
Accruals and deferred income 14,995 14,746
Amounts owed to subsidiaries 587,038 540,675
808,186 730,607
9. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Net obligations under finance lease and hire purchase contracts 16,545 29,054
10. Obligations Under Finance Leases and Hire Purchase
2025 2024
£ £
The future minimum finance lease payments are as follows:
Not later than one year 11,250 19,271
Later than one year and not later than five years 16,545 29,054
27,795 48,325
27,795 48,325
11. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 889 889
12. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 January 2025 Amounts advanced Amounts repaid Amounts written off As at 31 December 2025
£ £ £ £ £
Mr Stephen Whitby 145,908 18,531 250 - 164,189
Mr Simon Lees 129,431 6,621 - - 136,052
The above loans are unsecured, interest free and repayable on demand.
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Page 9
Microbuild Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 December 2025
13. Related Party Transactions
Amounts due from entities over which the company has control, joint control or significant influence is £1,386,833 (2024: £1,296,098)
Amounts due to entities over which the company has control, joint control or significant influence is £587,038 (2024: £540,675)
The Company has entered into transactions with a related party. The related party is an overseas company under common control, as both entities are majority owned by the same individual shareholder.
During the year, the Company received services from the related party totalling £238,019 (2024: £27,549).
At the balance sheet date, there were no amounts due to the related party  (2024: £Nil).
The transactions were conducted on arm’s length terms.
14. Controlling Party
The company's controlling party is Stephen Whitby by virtue of his shareholding of the company.
15. Taxation
The taxation credit reflected through the income statement is £47,223 (2024: £55,378)  and is made up of R&D cash credits totalling £45,528 (2024: £46,125) which was claimed for the years ended 31 December 2023 and 31 December 2024 (2024: £46,125 for the year ended 31 December 2022) and movement in deferred taxation of £1,695 (2024: £9,253).
R&D tax credits can either increase trading losses available for offset against future trading profits or be converted into cash credits and claimed. As there is uncertainty each financial year regarding the treatment of tax credits, these are not reflected through the profit and loss account until actually received. 
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