Acorah Software Products - Accounts Production 19.4.351 false true 31 March 2025 1 April 2024 false 1 April 2025 31 March 2026 31 March 2026 04443109 Mr David Hitt Mr Geoffrey Moxey Mr Shaun Parker iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 04443109 2025-03-31 04443109 2026-03-31 04443109 2025-04-01 2026-03-31 04443109 frs-core:CurrentFinancialInstruments 2026-03-31 04443109 frs-core:Non-currentFinancialInstruments 2026-03-31 04443109 frs-core:FurnitureFittings 2026-03-31 04443109 frs-core:FurnitureFittings 2025-04-01 2026-03-31 04443109 frs-core:FurnitureFittings 2025-03-31 04443109 frs-core:MotorVehicles 2026-03-31 04443109 frs-core:MotorVehicles 2025-04-01 2026-03-31 04443109 frs-core:MotorVehicles 2025-03-31 04443109 frs-core:PlantMachinery 2026-03-31 04443109 frs-core:PlantMachinery 2025-04-01 2026-03-31 04443109 frs-core:PlantMachinery 2025-03-31 04443109 frs-core:ShareCapital 2026-03-31 04443109 frs-core:RetainedEarningsAccumulatedLosses 2026-03-31 04443109 frs-bus:PrivateLimitedCompanyLtd 2025-04-01 2026-03-31 04443109 frs-bus:FilletedAccounts 2025-04-01 2026-03-31 04443109 frs-bus:SmallEntities 2025-04-01 2026-03-31 04443109 frs-bus:AuditExempt-NoAccountantsReport 2025-04-01 2026-03-31 04443109 frs-bus:SmallCompaniesRegimeForAccounts 2025-04-01 2026-03-31 04443109 frs-bus:Director1 2025-04-01 2026-03-31 04443109 frs-bus:Director1 2025-03-31 04443109 frs-bus:Director1 2026-03-31 04443109 frs-bus:Director2 2025-04-01 2026-03-31 04443109 frs-bus:Director3 2025-04-01 2026-03-31 04443109 frs-countries:EnglandWales 2025-04-01 2026-03-31 04443109 2024-03-31 04443109 2025-03-31 04443109 2024-04-01 2025-03-31 04443109 frs-core:CurrentFinancialInstruments 2025-03-31 04443109 frs-core:Non-currentFinancialInstruments 2025-03-31 04443109 frs-core:ShareCapital 2025-03-31 04443109 frs-core:RetainedEarningsAccumulatedLosses 2025-03-31
Registered number: 04443109
Fifields Limited
Unaudited Financial Statements
For The Year Ended 31 March 2026
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 04443109
2026 2025
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 9,687 25,560
9,687 25,560
CURRENT ASSETS
Debtors 5 349,102 1,070,273
Cash at bank and in hand 2,582,373 1,483,244
2,931,475 2,553,517
Creditors: Amounts Falling Due Within One Year 6 (750,716 ) (1,615,605 )
NET CURRENT ASSETS (LIABILITIES) 2,180,759 937,912
TOTAL ASSETS LESS CURRENT LIABILITIES 2,190,446 963,472
Creditors: Amounts Falling Due After More Than One Year 7 (1,000,000 ) -
PROVISIONS FOR LIABILITIES
Deferred Taxation (2,422 ) (6,390 )
NET ASSETS 1,188,024 957,082
CAPITAL AND RESERVES
Called up share capital 8 100 100
Profit and Loss Account 1,187,924 956,982
SHAREHOLDERS' FUNDS 1,188,024 957,082
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For the year ending 31 March 2026 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 David Hitt
Director
16 October 2026
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Fifields Limited is a private company, limited by shares, incorporated in England & Wales, registered number 04443109 . The registered office is Unit 1, 6 Marsh Green Road North, Marsh Barton Trading Estate, Exeter, Devon, EX2 8NY.
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
Motor Vehicles 25% Straight line
Fixtures & Fittings 25% Straight line
2.4. Financial Instruments
Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at the market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised 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.
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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2.6. Impairment
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
2.7. Registration of a charge against the company
A charge was registered on the 14th January 2022 by Lloyds Bank PLC against cash assets in the sum of £242,442 charge code 0444-3109-0002 as a protection against defaulting payments.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 23 (2025: 23)
23 23
4. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Total
£ £ £ £
Cost
As at 1 April 2025 14,985 125,308 1,623 141,916
As at 31 March 2026 14,985 125,308 1,623 141,916
Depreciation
As at 1 April 2025 12,516 102,772 1,068 116,356
Provided during the period 1,291 14,316 266 15,873
As at 31 March 2026 13,807 117,088 1,334 132,229
Net Book Value
As at 31 March 2026 1,178 8,220 289 9,687
As at 1 April 2025 2,469 22,536 555 25,560
5. Debtors
2026 2025
£ £
Due within one year
Trade debtors 298,939 1,016,200
Prepayments and accrued income 46,098 44,856
Other debtors 2,937 9,217
Directors' loan accounts 1,128 -
349,102 1,070,273
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6. Creditors: Amounts Falling Due Within One Year
2026 2025
£ £
Trade creditors 364,687 841,684
Corporation tax 90,297 158,149
Other taxes and social security 38,045 19,496
VAT 189,225 199,833
Other creditors 39,011 374,718
Accruals and deferred income 29,451 15,705
Directors' loan accounts - 6,020
750,716 1,615,605
7. Creditors: Amounts Falling Due After More Than One Year
2026 2025
£ £
Other loans 1,000,000 -
8. Share Capital
2026 2025
£ £
Allotted, Called up and fully paid 100 100
9. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 April 2025 Amounts advanced Amounts repaid Amounts written off As at 31 March 2026
£ £ £ £ £
Mr David Hitt (6,020 ) 7,460 (312 ) - 1,128
The above loan is unsecured, interest free and repayable on demand.
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