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 10928873 Mr A Lamming Mr S Tennent iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 10928873 2024-12-31 10928873 2025-12-31 10928873 2025-01-01 2025-12-31 10928873 frs-core:CurrentFinancialInstruments 2025-12-31 10928873 frs-core:Non-currentFinancialInstruments 2025-12-31 10928873 frs-core:BetweenOneFiveYears 2025-12-31 10928873 frs-core:ComputerEquipment 2025-12-31 10928873 frs-core:ComputerEquipment 2025-01-01 2025-12-31 10928873 frs-core:ComputerEquipment 2024-12-31 10928873 frs-core:CopyrightsPatentsTrademarksServiceOperatingRights 2025-12-31 10928873 frs-core:CopyrightsPatentsTrademarksServiceOperatingRights 2025-01-01 2025-12-31 10928873 frs-core:CopyrightsPatentsTrademarksServiceOperatingRights 2024-12-31 10928873 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2025-01-01 2025-12-31 10928873 frs-core:FurnitureFittings 2025-12-31 10928873 frs-core:FurnitureFittings 2025-01-01 2025-12-31 10928873 frs-core:FurnitureFittings 2024-12-31 10928873 frs-core:MotorVehicles 2025-12-31 10928873 frs-core:MotorVehicles 2025-01-01 2025-12-31 10928873 frs-core:MotorVehicles 2024-12-31 10928873 frs-core:OtherResidualIntangibleAssets 2025-12-31 10928873 frs-core:OtherResidualIntangibleAssets 2025-01-01 2025-12-31 10928873 frs-core:OtherResidualIntangibleAssets 2024-12-31 10928873 frs-core:PlantMachinery 2025-12-31 10928873 frs-core:PlantMachinery 2025-01-01 2025-12-31 10928873 frs-core:PlantMachinery 2024-12-31 10928873 frs-core:WithinOneYear 2025-12-31 10928873 frs-core:ShareCapital 2025-12-31 10928873 frs-core:RetainedEarningsAccumulatedLosses 2025-12-31 10928873 frs-bus:PrivateLimitedCompanyLtd 2025-01-01 2025-12-31 10928873 frs-bus:FilletedAccounts 2025-01-01 2025-12-31 10928873 frs-bus:SmallEntities 2025-01-01 2025-12-31 10928873 frs-bus:AuditExempt-NoAccountantsReport 2025-01-01 2025-12-31 10928873 frs-bus:SmallCompaniesRegimeForAccounts 2025-01-01 2025-12-31 10928873 frs-bus:Director1 2025-01-01 2025-12-31 10928873 frs-bus:Director2 2025-01-01 2025-12-31 10928873 frs-countries:EnglandWales 2025-01-01 2025-12-31 10928873 2023-12-31 10928873 2024-12-31 10928873 2024-01-01 2024-12-31 10928873 frs-core:CurrentFinancialInstruments 2024-12-31 10928873 frs-core:Non-currentFinancialInstruments 2024-12-31 10928873 frs-core:BetweenOneFiveYears 2024-12-31 10928873 frs-core:MotorVehicles 2024-01-01 2024-12-31 10928873 frs-core:WithinOneYear 2024-12-31 10928873 frs-core:ShareCapital 2024-12-31 10928873 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31
Registered number: 10928873
Fairview Europe Ltd
Unaudited Financial Statements
For The Year Ended 31 December 2025
Norsta Group Ltd
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 10928873
2025 2024
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 21,789 25,152
Tangible Assets 5 135,050 177,152
156,839 202,304
CURRENT ASSETS
Stocks 6 866,745 780,381
Debtors 7 861,924 1,040,429
Cash at bank and in hand 261,065 30,019
1,989,734 1,850,829
Creditors: Amounts Falling Due Within One Year 8 (1,321,320 ) (1,528,374 )
NET CURRENT ASSETS (LIABILITIES) 668,414 322,455
TOTAL ASSETS LESS CURRENT LIABILITIES 825,253 524,759
Creditors: Amounts Falling Due After More Than One Year 9 - (21,494 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (33,763 ) (44,288 )
NET ASSETS 791,490 458,977
CAPITAL AND RESERVES
Called up share capital 11 120 120
Profit and Loss Account 791,370 458,857
SHAREHOLDERS' FUNDS 791,490 458,977
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
Mr A Lamming
Director
24 September 2026
The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Fairview Europe Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 10928873 . The registered office is Dunball House Woodlands Court Business Park, Bristol Road, Bridgwater, Somerset, TA6 4FJ.
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, excluding discounts, rebates, value added tax and other sales taxes.
2.3. Intangible Fixed Assets and Amortisation - Other Intangible
Other intangible assets relates to computer software. It is amortised to profit and loss account over its estimated economic life of ten years.
2.4. Intangible Fixed Assets and Amortisation - Intellectual Property
Intellectual property assets relate to trademarks. It is amortised to the profit and loss account over its estimated economic life of ten years.
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 25% reducing balance
Motor Vehicles 25% reducing balance
Fixtures & Fittings 15% reducing balance
Computer Equipment 25% reducing balance
2.6. 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.
2.7. 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.
2.8. 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.
...CONTINUED
Page 3
Page 4
2.8. Taxation - continued
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.
3. Average Number of Employees
The average number of employees during the year was 20 (2024: 18)
20 18
4. Intangible Assets
Other Intellectual Property Total
£ £ £
Cost
As at 1 January 2025 26,376 7,250 33,626
As at 31 December 2025 26,376 7,250 33,626
Amortisation
As at 1 January 2025 6,178 2,296 8,474
Provided during the period 2,638 725 3,363
As at 31 December 2025 8,816 3,021 11,837
Net Book Value
As at 31 December 2025 17,560 4,229 21,789
As at 1 January 2025 20,198 4,954 25,152
5. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 January 2025 166,304 149,389 33,142 17,008 365,843
Additions - 667 2,332 3,828 6,827
Disposals - (23,000 ) - - (23,000 )
As at 31 December 2025 166,304 127,056 35,474 20,836 349,670
Depreciation
As at 1 January 2025 115,637 51,944 13,767 7,343 188,691
Provided during the period 12,656 24,314 3,345 3,239 43,554
Disposals - (17,625 ) - - (17,625 )
As at 31 December 2025 128,293 58,633 17,112 10,582 214,620
Net Book Value
As at 31 December 2025 38,011 68,423 18,362 10,254 135,050
As at 1 January 2025 50,667 97,445 19,375 9,665 177,152
Page 4
Page 5
Included above are assets held under finance leases or hire purchase contracts with a net book value as follows:
2025 2024
£ £
Motor Vehicles 50,062 -
6. Stocks
2025 2024
£ £
Stock 866,745 780,381
7. Debtors
2025 2024
£ £
Due within one year
Trade debtors 736,826 936,984
Other debtors 125,098 103,445
861,924 1,040,429
8. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Net obligations under finance lease and hire purchase contracts 24,415 37,388
Trade creditors 332,011 423,193
Other creditors 771,752 806,601
Taxation and social security 193,142 261,192
1,321,320 1,528,374
9. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Net obligations under finance lease and hire purchase contracts - 21,494
10. Obligations Under Finance Leases and Hire Purchase
2025 2024
£ £
The future minimum finance lease payments are as follows:
Not later than one year 24,415 37,388
Later than one year and not later than five years - 21,494
24,415 58,882
24,415 58,882
Page 5
Page 6
11. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 120 120
12. Other Commitments
The total of future minimum lease payments under non-cancellable operating leases are as following:
2025 2024
£ £
Not later than one year 85,000 85,000
Later than one year and not later than five years 255,000 -
340,000 85,000
Page 6