Acorah Software Products - Accounts Production 19.3.600 false true 31 December 2024 1 January 2024 false 1 January 2025 31 December 2025 31 December 2025 08325458 R El Sersy N S Merhi iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 08325458 2024-12-31 08325458 2025-12-31 08325458 2025-01-01 2025-12-31 08325458 frs-core:CurrentFinancialInstruments 2025-12-31 08325458 frs-core:Non-currentFinancialInstruments 2025-12-31 08325458 frs-core:ComputerEquipment 2025-12-31 08325458 frs-core:ComputerEquipment 2025-01-01 2025-12-31 08325458 frs-core:ComputerEquipment 2024-12-31 08325458 frs-core:FurnitureFittings 2025-12-31 08325458 frs-core:FurnitureFittings 2025-01-01 2025-12-31 08325458 frs-core:FurnitureFittings 2024-12-31 08325458 frs-core:PlantMachinery 2025-12-31 08325458 frs-core:PlantMachinery 2025-01-01 2025-12-31 08325458 frs-core:PlantMachinery 2024-12-31 08325458 frs-core:ShareCapital 2025-12-31 08325458 frs-core:RetainedEarningsAccumulatedLosses 2025-12-31 08325458 frs-bus:PrivateLimitedCompanyLtd 2025-01-01 2025-12-31 08325458 frs-bus:FilletedAccounts 2025-01-01 2025-12-31 08325458 frs-bus:SmallEntities 2025-01-01 2025-12-31 08325458 frs-bus:AuditExempt-NoAccountantsReport 2025-01-01 2025-12-31 08325458 frs-bus:SmallCompaniesRegimeForAccounts 2025-01-01 2025-12-31 08325458 frs-bus:Director1 2025-01-01 2025-12-31 08325458 frs-bus:Director2 2025-01-01 2025-12-31 08325458 frs-countries:EnglandWales 2025-01-01 2025-12-31 08325458 2023-12-31 08325458 2024-12-31 08325458 2024-01-01 2024-12-31 08325458 frs-core:CurrentFinancialInstruments 2024-12-31 08325458 frs-core:Non-currentFinancialInstruments 2024-12-31 08325458 frs-core:ShareCapital 2024-12-31 08325458 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31
Registered number: 08325458
Sersy Associates Ltd
Unaudited Financial Statements
For The Year Ended 31 December 2025
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 08325458
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 19,623 18,847
19,623 18,847
CURRENT ASSETS
Debtors 5 324,726 260,471
Cash at bank and in hand 41,443 97,994
366,169 358,465
Creditors: Amounts Falling Due Within One Year 6 (338,628 ) (302,048 )
NET CURRENT ASSETS (LIABILITIES) 27,541 56,417
TOTAL ASSETS LESS CURRENT LIABILITIES 47,164 75,264
Creditors: Amounts Falling Due After More Than One Year 7 (20,444 ) (26,432 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (4,906 ) -
NET ASSETS 21,814 48,832
CAPITAL AND RESERVES
Called up share capital 8 100 100
Profit and Loss Account 21,714 48,732
SHAREHOLDERS' FUNDS 21,814 48,832
Page 1
Page 2
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
R El Sersy
Director
23 September 2026
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Sersy Associates Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 08325458 . The registered office is 3b Athenaeum Road, London, N20 9AA.
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. 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 25% straight line
Fixtures & Fittings 25% straight line
Computer Equipment 25% straight line
2.4. 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.
2.5. 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.
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.
...CONTINUED
Page 3
Page 4
2.5. Taxation - continued
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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 4 (2024: 4)
4 4
4. Tangible Assets
Plant & Machinery Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 January 2025 43,577 17,311 57,964 118,852
Additions 1,652 706 8,873 11,231
As at 31 December 2025 45,229 18,017 66,837 130,083
Depreciation
As at 1 January 2025 43,577 16,785 39,643 100,005
Provided during the period 413 352 9,690 10,455
As at 31 December 2025 43,990 17,137 49,333 110,460
Net Book Value
As at 31 December 2025 1,239 880 17,504 19,623
As at 1 January 2025 - 526 18,321 18,847
5. Debtors
2025 2024
£ £
Due within one year
Trade debtors 120,109 150,723
Other debtors 204,617 109,748
324,726 260,471
6. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 241,705 133,466
Bank loans and overdrafts 5,500 5,000
Other creditors 63,432 128,759
Taxation and social security 27,991 34,823
338,628 302,048
7. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Bank loans 20,444 26,432
Page 4
Page 5
8. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 100 100
Page 5