Acorah Software Products - Accounts Production 19.3.600 false true true 31 December 2024 1 January 2024 false 16 September 2026 1 January 2025 31 December 2025 31 December 2025 01562213 Mr Philip Ellin Mrs Lisa Parry Mr Dylan Jones true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 01562213 2024-12-31 01562213 2025-12-31 01562213 2025-01-01 2025-12-31 01562213 frs-core:CurrentFinancialInstruments 2025-12-31 01562213 frs-core:Non-currentFinancialInstruments 2025-12-31 01562213 frs-core:BetweenOneFiveYears 2025-12-31 01562213 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2025-01-01 2025-12-31 01562213 frs-core:FurnitureFittings 2025-12-31 01562213 frs-core:FurnitureFittings 2025-01-01 2025-12-31 01562213 frs-core:FurnitureFittings 2024-12-31 01562213 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2025-12-31 01562213 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2025-01-01 2025-12-31 01562213 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-12-31 01562213 frs-core:MotorVehicles 2025-12-31 01562213 frs-core:MotorVehicles 2025-01-01 2025-12-31 01562213 frs-core:MotorVehicles 2024-12-31 01562213 frs-core:OtherResidualIntangibleAssets 2025-12-31 01562213 frs-core:OtherResidualIntangibleAssets 2024-12-31 01562213 frs-core:PlantMachinery 2025-12-31 01562213 frs-core:PlantMachinery 2025-01-01 2025-12-31 01562213 frs-core:PlantMachinery 2024-12-31 01562213 frs-core:WithinOneYear 2025-12-31 01562213 frs-core:OtherReservesSubtotal 2024-12-31 01562213 frs-core:OtherReservesSubtotal 2025-12-31 01562213 frs-core:RevaluationReserve 2024-12-31 01562213 frs-core:RevaluationReserve 2025-12-31 01562213 frs-core:SharePremium 2024-12-31 01562213 frs-core:SharePremium 2025-12-31 01562213 frs-core:ShareCapital 2025-12-31 01562213 frs-core:RetainedEarningsAccumulatedLosses 2025-01-01 2025-12-31 01562213 frs-core:RetainedEarningsAccumulatedLosses frs-core:PreviouslyStatedAmount 2024-12-31 01562213 frs-core:RetainedEarningsAccumulatedLosses 2025-12-31 01562213 frs-bus:PrivateLimitedCompanyLtd 2025-01-01 2025-12-31 01562213 frs-bus:FilletedAccounts 2025-01-01 2025-12-31 01562213 frs-bus:SmallEntities 2025-01-01 2025-12-31 01562213 frs-bus:Audited 2025-01-01 2025-12-31 01562213 frs-bus:SmallCompaniesRegimeForAccounts 2025-01-01 2025-12-31 01562213 1 2025-01-01 2025-12-31 01562213 frs-bus:Director1 2025-01-01 2025-12-31 01562213 frs-bus:Director2 2025-01-01 2025-12-31 01562213 frs-bus:CompanySecretary1 2025-01-01 2025-12-31 01562213 frs-countries:EnglandWales 2025-01-01 2025-12-31 01562213 2023-12-31 01562213 2024-12-31 01562213 2024-01-01 2024-12-31 01562213 frs-core:CurrentFinancialInstruments 2024-12-31 01562213 frs-core:Non-currentFinancialInstruments 2024-12-31 01562213 frs-core:BetweenOneFiveYears 2024-12-31 01562213 frs-core:MotorVehicles 2024-01-01 2024-12-31 01562213 frs-core:WithinOneYear 2024-12-31 01562213 frs-core:OtherReservesSubtotal 2023-12-31 01562213 frs-core:OtherReservesSubtotal 2024-12-31 01562213 frs-core:RevaluationReserve 2023-12-31 01562213 frs-core:RevaluationReserve 2024-12-31 01562213 frs-core:SharePremium 2023-12-31 01562213 frs-core:SharePremium 2024-12-31 01562213 frs-core:ShareCapital 2023-12-31 01562213 frs-core:ShareCapital 2024-12-31 01562213 frs-core:RetainedEarningsAccumulatedLosses 2024-01-01 2024-12-31 01562213 frs-core:RetainedEarningsAccumulatedLosses frs-core:PreviouslyStatedAmount 2023-12-31 01562213 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31
Registered number: 01562213
NHC Technology Limited
Financial Statements
For The Year Ended 31 December 2025
Contents
Page
Balance Sheet 1—2
Statement of Changes in Equity 3
Notes to the Financial Statements 4—9
Page 1
Balance Sheet
Registered number: 01562213
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 5 2,182,236 2,270,903
2,182,236 2,270,903
CURRENT ASSETS
Stocks 6 892,257 1,009,918
Debtors 7 1,724,029 1,581,151
Cash at bank and in hand 1,235 1,393
2,617,521 2,592,462
Creditors: Amounts Falling Due Within One Year 8 (380,356 ) (437,118 )
NET CURRENT ASSETS (LIABILITIES) 2,237,165 2,155,344
TOTAL ASSETS LESS CURRENT LIABILITIES 4,419,401 4,426,247
Creditors: Amounts Falling Due After More Than One Year 9 (28,074 ) (42,489 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (111,678 ) (114,897 )
NET ASSETS 4,279,649 4,268,861
CAPITAL AND RESERVES
Called up share capital 11 50 50
Share premium account 215,675 215,675
Revaluation reserve 13 841,053 841,053
Other reserves 1,000 1,000
Profit and Loss Account 3,221,871 3,211,083
SHAREHOLDERS' FUNDS 4,279,649 4,268,861
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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 Philip Ellin
Director
15 September 2026
The notes on pages 4 to 9 form part of these financial statements.
Page 2
Page 3
Statement of Changes in Equity
Share Capital Share Premium Revaluation reserve Other reserves
£ £ £ £
As at 1 January 2024 50 215,675 841,053 1,000
Loss for the year and total comprehensive income - - - -
As at 31 December 2024 and 1 January 2025 50 215,675 841,053 1,000
Profit for the year and total comprehensive income - - - -
As at 31 December 2025 50 215,675 841,053 1,000
Profit and Loss Account Total
£ £
As at 1 January 2024 3,276,804 4,334,582
Loss for the year and total comprehensive income (65,721 ) (65,721)
As at 31 December 2024 and 1 January 2025 3,211,083 4,268,861
Profit for the year and total comprehensive income 10,788 10,788
As at 31 December 2025 3,221,871 4,279,649
Page 3
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Notes to the Financial Statements
1. General Information
NHC Technology Limited is a private company, limited by shares, incorporated in England & Wales, registered number 01562213 . The registered office is Unit 1 Colomendy Industrial, Estate, Rhyl Road, Denbigh, Denbighshire, LL16 5TS.
The presentation currency of the financial statements is the Pound Sterling (£).
Accounts are rounded to the nearest pound.
The accounts represent the company as an individual entity.
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
The company's business activities, together with the factors likely to affect its future development and position, are set out in the Business Review section of the directors report in the consolidated financial statements.
The company is expected to continue to generate positive cash flows on its own accounts for the foreseeable future. The company participates in the group's centralised treasury arrangements and so shares banking arrangements with its parent and fellow subsidiaries.
The directors, having assessed the responses of the directors of the company's parent NHC Holdings Limited to their enquiries have no reason to believe that a material uncertainty exists that may cast significant doubt about the ability of the NHC Holdings Limited group to continue as a going concern or its ability to continue with the
current banking arrangements.
On the basis of their assessment of the company's financial position and of the enquiries made of the directors of NHC Holdings Limited, the company directors have a reasonable expectation that the company will be able to continue in the operational existence for the foreseeable future. Thus the going concern basis of accounting in
preparing the annual financial statements has been used.
2.3. Significant judgements and estimations
In preparing the financial statements in accordance with FRS 102, management is required to make judgements, estimates, and assumptions that affect the application of accounting policies and the reported amounts of assets, liabilities, income, and expenses. Actual results may differ from these estimates.
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 if the revision affects only that period or in the period of the revision and future periods if the revision affects both current and future periods.
2.4. Turnover
Turnover represents the value of goods sold and services supplied to customers during the year net of discounts and value added tax. Turnover is recognised upon delivery of goods. Turnover on services is recognised on completion of the service at the customers' premises.
2.5. Intangible Fixed Assets and Amortisation - Other Intangible
Where appropriate expenditure on trademarks is written off in the year in which it is incurred.
The cost of patents are amortised over their expected useful economic lives on a straight line basis. Any permanent impairment in carrying value is written off through the profit and loss account.
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2.6. 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 2% on cost
Plant & Machinery at varying rates on cost
Motor Vehicles 25% on cost
Fixtures & Fittings at varying rates on cost
2.7. 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.
2.8. 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.
2.9. Stocks and Work in Progress
Stocks are stated at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. Cost is determined on a true cost basis.
The cost of finished goods and goods for resale comprises of materials, direct labour and attributable production overheads. Net realisable value is based on estimated selling price less any further costs expected to be incurred to completion and disposal.
2.10. 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.
2.11. 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.
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2.12. 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.
2.13. Research and development
Expenditure on research and development is written off in the year in which it is incurred.
2.14. Warranty provision
Provision is made for liabilities arising in respect of expected warranty claims.
3. Average Number of Employees
Average number of employees during the year was: 52 (2024: 54)
52 54
4. Intangible Assets
Other
£
Cost
As at 1 January 2025 200,000
As at 31 December 2025 200,000
Amortisation
As at 1 January 2025 200,000
As at 31 December 2025 200,000
Net Book Value
As at 31 December 2025 -
As at 1 January 2025 -
5. Tangible Assets
Land & Property
Freehold Plant & Machinery Motor Vehicles Fixtures & Fittings Total
£ £ £ £ £
Cost or Valuation
As at 1 January 2025 2,000,000 1,006,871 603,611 405,235 4,015,717
Additions - 20,169 - 11,918 32,087
Disposals - - (34,900 ) - (34,900 )
As at 31 December 2025 2,000,000 1,027,040 568,711 417,153 4,012,904
Depreciation
As at 1 January 2025 - 928,542 454,652 361,620 1,744,814
Provided during the period - 31,483 49,328 21,428 102,239
Disposals - - (16,385 ) - (16,385 )
As at 31 December 2025 - 960,025 487,595 383,048 1,830,668
Net Book Value
As at 31 December 2025 2,000,000 67,015 81,116 34,105 2,182,236
As at 1 January 2025 2,000,000 78,329 148,959 43,615 2,270,903
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Included above are assets held under finance leases or hire purchase contracts with a net book value as follows:
2025 2024
£ £
Motor Vehicles 62,200 97,742
The freehold property was revalued by Legat Owen in October 2023 and was valued at £2,000,000.
If the freehold properties had not been revalued, they would have been included in the balance sheet at cost of £1,287,476 (2024: £1,287,476) and cumulative depreciation of £248,549 (2024; £248,549).
Land & Property
Freehold Plant & Machinery Motor Vehicles Fixtures & Fittings Total
£ £ £ £ £
At cost 2,000,000 1,027,040 568,711 417,153 4,012,904
2,000,000 1,027,040 568,711 417,153 4,012,904
The value of land in freehold land and buildings is £40,921.
6. Stocks
2025 2024
£ £
Stock 892,257 1,009,918
7. Debtors
2025 2024
£ £
Due within one year
Trade debtors (2,992 ) 3,272
Amounts owed by group undertakings 1,707,845 1,522,656
Other debtors 19,176 55,223
1,724,029 1,581,151
8. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Net obligations under finance lease and hire purchase contracts 14,415 13,228
Trade creditors 142,407 190,605
Other creditors 156,596 179,265
Taxation and social security 66,938 54,020
380,356 437,118
A provision has been recognised for expected claims against product guarantees. It is expected that this expenditure will be incurred over the period of the guarantee. The provision, the amount of which has not been disclosed as it is considered to be commercially sensitive, has not been discounted since the effect of discounting is not material.
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9. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Net obligations under finance lease and hire purchase contracts 28,074 42,489
10. Obligations Under Finance Leases and Hire Purchase
2025 2024
£ £
The future minimum finance lease payments are as follows:
Not later than one year 14,415 13,228
Later than one year and not later than five years 28,074 42,489
42,489 55,717
42,489 55,717
11. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 50 50
12. Contingent Liabilities
The company has given composite cross guarantees relating to the bank borrowing of certain subsidiary companies. These borrowings amounted to £nil at the year end.
13. Reserves
Share Premium Revaluation reserve Other reserves Profit and Loss Account
£ £ £ £
As at 1 January 2025 215,675 841,053 1,000 3,211,083
Profit for the year and total comprehensive income - - - 10,788
As at 31 December 2025 215,675 841,053 1,000 3,221,871
Share Premium
This reserve records the amount above the nominal value of shares sold, less transaction costs.
Revaluation reserve
The revaluation reserve relates to a surplus on revaluation of freehold properties.
Share Capital Redemption
This reserve records the nominal value of shares repurchased by the company.
14. Related Party Transactions
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.
During the year, transactions were made between NHC Technology Limited and Equine LLC, a related party. Total sales made to Equine LLC in the year amounted to £12,758 and there were recharges to Equine LLC of £10,352. At the balance sheet date, Equine LLC owed £23,110 to NHC Technology Limited.
NHC Holdings Limited, whose registered office is the same as NHC Technology Limited, is the ultimate parent company and draws up consolidated group financial statements of which NHC Technology Limited is a member.
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15. FRC's Ethical Standard - Provision Available for Small Entities
In common with other businesses of our size and nature we use our auditors to prepare and submit returns to the tax authorities and assist with the preparation of the financial statements.
16. Ultimate Controlling Party
The company's ultimate controlling party is the board of Directors.
17. Audit Information
The auditor's report on the accounts of NHC Technology Limited for the year ended 31 December 2025 was unqualified.
The auditor's report was signed by Katie Wood FCA FCCA (Senior Statutory Auditor) for and on behalf of JWR Audit Limited , Statutory Auditor.
JWR Audit Limited
24 Picton House Hussar Court
Westside View
Waterlooville
Hampshire
PO7 7SQ
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