Acorah Software Products - Accounts Production 19.4.300 false true true 31 December 2024 1 January 2024 false 1 January 2025 31 December 2025 31 December 2025 13064279 Mr M Glynn Mr R Gordon iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 13064279 2024-12-31 13064279 2025-12-31 13064279 2025-01-01 2025-12-31 13064279 frs-core:CurrentFinancialInstruments 2025-12-31 13064279 frs-core:Non-currentFinancialInstruments 2025-12-31 13064279 frs-core:BetweenOneFiveYears 2025-12-31 13064279 frs-core:ComputerEquipment 2025-01-01 2025-12-31 13064279 frs-core:FurnitureFittings 2025-01-01 2025-12-31 13064279 frs-core:MotorVehicles 2025-01-01 2025-12-31 13064279 frs-core:PlantMachinery 2025-12-31 13064279 frs-core:PlantMachinery 2025-01-01 2025-12-31 13064279 frs-core:PlantMachinery 2024-12-31 13064279 frs-core:WithinOneYear 2025-12-31 13064279 frs-core:ShareCapital 2025-12-31 13064279 frs-core:RetainedEarningsAccumulatedLosses 2025-12-31 13064279 frs-bus:PrivateLimitedCompanyLtd 2025-01-01 2025-12-31 13064279 frs-bus:FilletedAccounts 2025-01-01 2025-12-31 13064279 frs-bus:SmallEntities 2025-01-01 2025-12-31 13064279 frs-bus:AuditExempt-NoAccountantsReport 2025-01-01 2025-12-31 13064279 frs-bus:SmallCompaniesRegimeForAccounts 2025-01-01 2025-12-31 13064279 frs-bus:Director1 2025-01-01 2025-12-31 13064279 frs-bus:Director2 2025-01-01 2025-12-31 13064279 frs-countries:EnglandWales 2025-01-01 2025-12-31 13064279 2023-12-31 13064279 2024-12-31 13064279 2024-01-01 2024-12-31 13064279 frs-core:CurrentFinancialInstruments 2024-12-31 13064279 frs-core:Non-currentFinancialInstruments 2024-12-31 13064279 frs-core:BetweenOneFiveYears 2024-12-31 13064279 frs-core:WithinOneYear 2024-12-31 13064279 frs-core:ShareCapital 2024-12-31 13064279 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31
Registered number: 13064279
Oracle Special Metals Ltd
Unaudited Financial Statements
For The Year Ended 31 December 2025
Smithe & Co Limited
Oracle Special Metals Ltd
Contents
Contents

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

Page 1
Oracle Special Metals Ltd
Balance Sheet
As At 31 December 2025
Balance Sheet
Registered number: 13064279

| 2025 | 2024
--- | --- | ---
| Notes | £ | £ | £ | £
FIXED ASSETS
Tangible Assets | 4 |  | 93,446 |  | 101,136
|  |  | 93,446 |  | 101,136
CURRENT ASSETS
Stocks | 5 | 1,292,724 |  | 1,517,293 |
Debtors | 6 | 360,704 |  | 252,505 |
Cash at bank and in hand |  | 463,526 |  | 428,545 |
|  | 2,116,954 |  | 2,198,343 |
Creditors: Amounts Falling Due Within One Year | 7 | (477,232 ) |  | (685,525 ) |
NET CURRENT ASSETS (LIABILITIES) |  |  | 1,639,722 |  | 1,512,818
TOTAL ASSETS LESS CURRENT LIABILITIES |  |  | 1,733,168 |  | 1,613,954
Creditors: Amounts Falling Due After More Than One Year | 8 |  | (57,423 ) |  | (74,862 )
PROVISIONS FOR LIABILITIES
Deferred Taxation |  |  | (27,207 ) |  | -
NET ASSETS |  |  | 1,648,538 |  | 1,539,092
CAPITAL AND RESERVES
Called up share capital | 10 |  | 100 |  | 100
Profit and Loss Account |  |  | 1,648,438 |  | 1,538,992
SHAREHOLDERS' FUNDS |  |  | 1,648,538 |  | 1,539,092

Page 1
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Oracle Special Metals Ltd
Balance Sheet (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 Profit and Loss Account.
On behalf of the board

Mr M Glynn Director | Mr R Gordon Director
4 August 2026

The notes on pages 3 to 7 form part of these financial statements.
Page 2
Page 3
Oracle Special Metals Ltd
Notes to the Financial Statements
For The Year Ended 31 December 2025
Notes to the Financial Statements
1. General Information
Oracle Special Metals Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 13064279 . The registered office is Unit 2 Lennox Road, Basingstoke, Hampshire, RG22 4AP.
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. Going Concern Disclosure
At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.
2.3. Significant judgements and estimations
In the application of the company’s accounting policies, the directors are required to make judgment, estimates and assumptions about the carrying amount of assets and liabilities that are readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant.
Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.
2.4. 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.
Page 3
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Oracle Special Metals Ltd
Notes to the Financial Statements (continued)
For The Year Ended 31 December 2025
2.5. 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 | 20% Straight Line
Motor Vehicles | 10% Reducing Balance
Fixtures & Fittings | 20% Straight Line
Computer Equipment | 33.3% Straight Line

2.6. 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.
2.7. 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.
2.8. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
2.9. 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.
...CONTINUED
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Oracle Special Metals Ltd
Notes to the Financial Statements (continued)
For The Year Ended 31 December 2025
2.9. Taxation - continued
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.
2.10. 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 (2024: 5)
6 5
4. Tangible Assets

| Plant & Machinery etc.
--- | ---
| £
Cost
As at 1 January 2025 | 130,035
Additions | 6,370
As at 31 December 2025 | 136,405
Depreciation
As at 1 January 2025 | 28,899
Provided during the period | 14,060
As at 31 December 2025 | 42,959

...CONTINUED
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Page 6
Oracle Special Metals Ltd
Notes to the Financial Statements (continued)
For The Year Ended 31 December 2025

Net Book Value
As at 31 December 2025 | 93,446
As at 1 January 2025 | 101,136

5. Stocks

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Finished goods | 1,292,724 |  | 1,517,293

6. Debtors

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Due within one year
Trade debtors | 180,128 |  | 236,142
Other debtors | 180,576 |  | 16,363
| 360,704 |  | 252,505

7. Creditors: Amounts Falling Due Within One Year

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Net obligations under finance lease and hire purchase contracts | 16,729 |  | 14,652
Trade creditors | 228,531 |  | 299,079
Bank loans and overdrafts | - |  | 96,919
Other loans | 7,155 |  | 2,888
Other creditors | 14,479 |  | 25,214
Taxation and social security | 210,338 |  | 246,773
| 477,232 |  | 685,525

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

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Net obligations under finance lease and hire purchase contracts | 57,423 |  | 74,862

Page 6
Page 7
Oracle Special Metals Ltd
Notes to the Financial Statements (continued)
For The Year Ended 31 December 2025
9. Obligations Under Finance Leases and Hire Purchase

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
The future minimum finance lease payments are as follows:
Not later than one year | 16,729 |  | 14,652
Later than one year and not later than five years | 57,423 |  | 74,862
| 74,152 |  | 89,514
| 74,152 |  | 89,514

10. Share Capital

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Allotted, Called up and fully paid | 100 |  | 100

11. Related Party Transactions
Oracle Special Metals Ltd and RMG Commodity Holdings Limited are companies under common control and are therefore related parties.
During the year, Oracle Special Metals Ltd advanced a loan of £160,000 to RMG Commodity Holdings Limited.
At the balance sheet date, the amount outstanding from RMG Commodity Holdings Limited was £160,000. This balance is included within debtors falling due within one year.
The loan is unsecured, interest-free and repayable on demand. No guarantees have been given or received in respect of the loan.
12. Transition to FRS 102
These financial statements are the first financial statements of the Company prepared in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland, including the reduced disclosure requirements applicable to small entities under Section 1A.
The Company previously prepared its financial statements in accordance with FRS 105, The Financial Reporting Standard applicable to the Micro-entities Regime.
The date of transition to FRS 102 was 1 January 2025. The accounting policies set out in these financial statements have been applied in preparing the financial statements for the year ended 31 December 2025, the comparative information presented and the opening balance sheet at the date of transition.
The transition from FRS 105 to FRS 102 has resulted in adjustments arising from differences in the recognition and measurement requirements of the two standards.
Deferred Tax
Under FRS 102, deferred tax is recognised in accordance with Section 29. Deferred tax balances were not recognised under FRS 105.
...CONTINUED
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Oracle Special Metals Ltd
Notes to the Financial Statements (continued)
For The Year Ended 31 December 2025
12. Transition to FRS 102 - continued
On transition to FRS 102, a deferred tax liability has been recognised, This reclassification has no impact on retained earnings or total equity.
Hire Purchase Arrangements
The Company has reviewed its hire purchase arrangements on transition to FRS 102. The finance charges relating to hire purchase arrangements have been recognised in the current year financial statements and no adjustment has been made to opening reserves in respect of these charges.
The hire purchase liability has been reviewed and classified between amounts falling due within one year and amounts falling due between one and five years to reflect the repayment profile of the agreements. This reclassification has no impact on retained earnings or total equity.
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