Acorah Software Products - Accounts Production 19.4.351 false true 31 December 2024 1 January 2024 false 1 January 2025 31 December 2025 31 December 2025 05671590 D Theodossiades G Theodossiades iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 05671590 2024-12-31 05671590 2025-12-31 05671590 2025-01-01 2025-12-31 05671590 frs-core:CurrentFinancialInstruments 2025-12-31 05671590 frs-core:Non-currentFinancialInstruments 2025-12-31 05671590 frs-core:PlantMachinery 2025-12-31 05671590 frs-core:PlantMachinery 2025-01-01 2025-12-31 05671590 frs-core:PlantMachinery 2024-12-31 05671590 frs-core:ShareCapital 2025-12-31 05671590 frs-core:RetainedEarningsAccumulatedLosses 2025-12-31 05671590 frs-bus:PrivateLimitedCompanyLtd 2025-01-01 2025-12-31 05671590 frs-bus:FilletedAccounts 2025-01-01 2025-12-31 05671590 frs-bus:SmallEntities 2025-01-01 2025-12-31 05671590 frs-bus:AuditExempt-NoAccountantsReport 2025-01-01 2025-12-31 05671590 frs-bus:SmallCompaniesRegimeForAccounts 2025-01-01 2025-12-31 05671590 frs-bus:Director1 2025-01-01 2025-12-31 05671590 frs-bus:Director2 2025-01-01 2025-12-31 05671590 frs-countries:EnglandWales 2025-01-01 2025-12-31 05671590 2023-12-31 05671590 2024-12-31 05671590 2024-01-01 2024-12-31 05671590 frs-core:CurrentFinancialInstruments 2024-12-31 05671590 frs-core:Non-currentFinancialInstruments 2024-12-31 05671590 frs-core:ShareCapital 2024-12-31 05671590 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31
Registered number: 05671590
Theoco Accident Repair Centres Limited
Unaudited Financial Statements
For The Year Ended 31 December 2025
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 05671590
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 24,883 31,920
24,883 31,920
CURRENT ASSETS
Stocks 5 223,592 230,792
Debtors 6 749,604 757,609
Cash at bank and in hand 357,822 420,781
1,331,018 1,409,182
Creditors: Amounts Falling Due Within One Year 7 (895,615 ) (957,344 )
NET CURRENT ASSETS (LIABILITIES) 435,403 451,838
TOTAL ASSETS LESS CURRENT LIABILITIES 460,286 483,758
NET ASSETS 460,286 483,758
CAPITAL AND RESERVES
Called up share capital 8 100 100
Profit and Loss Account 460,186 483,658
SHAREHOLDERS' FUNDS 460,286 483,758
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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
G Theodossiades
Director
12 August 2026
The notes on pages 3 to 6 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Theoco Accident Repair Centres Limited is a private company, limited by shares, registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
The presentation currency of the financial statements is the Pound Sterling (£).
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been
prepared under the historical cost convention. 
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.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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.usually at the point that the customer has signed for the delivery of the goods.
2.3. Tangible Fixed Assets and Depreciation
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Plant & Machinery 25% on reducing balance
2.4. Stocks and Work in Progress
Stock is valued at the lower of cost and net realisable value. Net realisable value represents estimated selling price less costs to complete and sell. Provision is made for slow moving, obsolete or damaged stock where the net realisable value is less than cost.
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.
...CONTINUED
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2.5. 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.
2.6. Cash and cash equivalent
Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.
2.7. Creditors
Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
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3. Average Number of Employees
Average number of employees, including directors, during the year was: 36 (2024: 36)
36 36
4. Tangible Assets
Plant & Machinery
£
Cost
As at 1 January 2025 471,334
Additions 1,257
As at 31 December 2025 472,591
Depreciation
As at 1 January 2025 439,414
Provided during the period 8,294
As at 31 December 2025 447,708
Net Book Value
As at 31 December 2025 24,883
As at 1 January 2025 31,920
5. Stocks
2025 2024
£ £
Stock 223,592 230,792
6. Debtors
2025 2024
£ £
Due within one year
Prepayments and accrued income 46,104 53,447
Other debtors 56,110 342,601
102,214 396,048
Due after more than one year
Trade debtors 647,390 361,561
749,604 757,609
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7. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 624,219 745,851
Other loans - 3,100
Other creditors 35,454 23,874
Taxation and social security 235,942 184,519
895,615 957,344
Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
8. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 100 100
9. Pension Commitments
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.
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