Acorah Software Products - Accounts Production 19.4.351 false true true 31 December 2024 1 January 2024 false 1 January 2025 31 December 2025 31 December 2025 07118390 I E Hyslop S E Hyslop iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 07118390 2024-12-31 07118390 2025-12-31 07118390 2025-01-01 2025-12-31 07118390 frs-core:CurrentFinancialInstruments 2025-12-31 07118390 frs-core:Non-currentFinancialInstruments 2025-12-31 07118390 frs-core:ComputerEquipment 2025-12-31 07118390 frs-core:ComputerEquipment 2025-01-01 2025-12-31 07118390 frs-core:ComputerEquipment 2024-12-31 07118390 frs-core:FurnitureFittings 2025-12-31 07118390 frs-core:FurnitureFittings 2025-01-01 2025-12-31 07118390 frs-core:FurnitureFittings 2024-12-31 07118390 frs-core:ShareCapital 2025-12-31 07118390 frs-core:RetainedEarningsAccumulatedLosses 2025-12-31 07118390 frs-bus:PrivateLimitedCompanyLtd 2025-01-01 2025-12-31 07118390 frs-bus:FilletedAccounts 2025-01-01 2025-12-31 07118390 frs-bus:SmallEntities 2025-01-01 2025-12-31 07118390 frs-bus:AuditExempt-NoAccountantsReport 2025-01-01 2025-12-31 07118390 frs-bus:SmallCompaniesRegimeForAccounts 2025-01-01 2025-12-31 07118390 frs-bus:OrdinaryShareClass1 2025-01-01 2025-12-31 07118390 frs-bus:OrdinaryShareClass1 2025-12-31 07118390 frs-bus:Director1 2025-01-01 2025-12-31 07118390 frs-bus:Director1 2024-12-31 07118390 frs-bus:Director1 2025-12-31 07118390 frs-bus:Director2 2025-01-01 2025-12-31 07118390 frs-bus:Director2 2024-12-31 07118390 frs-bus:Director2 2025-12-31 07118390 frs-countries:EnglandWales 2025-01-01 2025-12-31 07118390 2023-12-31 07118390 2024-12-31 07118390 2024-01-01 2024-12-31 07118390 frs-core:CurrentFinancialInstruments 2024-12-31 07118390 frs-core:Non-currentFinancialInstruments 2024-12-31 07118390 frs-core:ShareCapital 2024-12-31 07118390 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 07118390 frs-bus:OrdinaryShareClass1 2024-01-01 2024-12-31
Registered number: 07118390
Duval Associates Ltd
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: 07118390
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 4,080 4,502
4,080 4,502
CURRENT ASSETS
Debtors 5 377,430 206,414
Cash at bank and in hand - 2,128
377,430 208,542
Creditors: Amounts Falling Due Within One Year 6 (273,195 ) (206,227 )
NET CURRENT ASSETS (LIABILITIES) 104,235 2,315
TOTAL ASSETS LESS CURRENT LIABILITIES 108,315 6,817
Creditors: Amounts Falling Due After More Than One Year 7 (104,328 ) -
PROVISIONS FOR LIABILITIES
Deferred Taxation (1,020 ) (1,125 )
NET ASSETS 2,967 5,692
CAPITAL AND RESERVES
Called up share capital 8 2 2
Profit and Loss Account 2,965 5,690
SHAREHOLDERS' FUNDS 2,967 5,692
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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
I E Hyslop
Director
16/10/2026
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
Duval Associates Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 07118390 . The registered office is 13th Floor City Tower, Piccadilly Plaza, Manchester, Greater Manchester, M1 4BT.
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.
Functional and Presentational Currency
These financial statements are prepared in sterling, which is the functional currency of the company.  Monetary amounts in these financial statements are rounded to the nearest £.
2.2. Going Concern Disclosure
The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.
2.3. 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 rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
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.
2.4. 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:
Fixtures & Fittings 20% straight line
Computer Equipment 15% reducing balance
2.5. Financial Instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss.  Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
Equity Instruments
Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs.  Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.
2.6. 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.
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2.7. 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.
2.8. Pensions
The company operates a defined contribution pension scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
2.9. Cash And Cash Equivalents
Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts.  Bank overdrafts are shown within borrowings in current liabilities.
2.10. Employee Benefits
The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.  
The costs of any unused holiday entitlement is recognised in the period in which the employee's services are received.
Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.
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3. Average Number of Employees
Average number of employees, including directors, during the year was: 12 (2024: 11)
12 11
4. Tangible Assets
Fixtures & Fittings Computer Equipment Total
£ £ £
Cost
As at 1 January 2025 1,317 13,048 14,365
Additions - 398 398
Disposals (257 ) (939 ) (1,196 )
As at 31 December 2025 1,060 12,507 13,567
Depreciation
As at 1 January 2025 451 9,412 9,863
Provided during the period 212 608 820
Disposals (257 ) (939 ) (1,196 )
As at 31 December 2025 406 9,081 9,487
Net Book Value
As at 31 December 2025 654 3,426 4,080
As at 1 January 2025 866 3,636 4,502
5. Debtors
2025 2024
£ £
Due within one year
Trade debtors 145,084 18,360
Other debtors 42,308 44,275
Directors' loan accounts 190,038 143,779
377,430 206,414
6. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 8,484 31,785
Bank loans and overdrafts 12,058 -
Other loans 48,135 17,181
Corporation tax 92,832 93,265
Other taxes and social security 12,921 4,074
VAT 93,067 31,714
Net wages - 10,154
Other creditors 5,176 18,054
Accruals and deferred income 522 -
273,195 206,227
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7. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Other loans 104,328 -
8. Share Capital
2025 2024
Allotted, called up and fully paid £ £
2 Ordinary Shares of £ 1 each 2 2
9. Pension Commitments
The company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund.  Contributions totalling £5,176 (2024 - £3,220) were payable to the fund at the balance sheet date and are included in creditors.
10. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 January 2025 Amounts advanced Amounts repaid Amounts written off As at 31 December 2025
£ £ £ £ £
Mr Iain Hyslop 142,175 119,092 95,137 - 166,130
Miss Sarah Hyslop 1,604 100,444 78,139 - 23,909
The above loans are unsecured, interest free, and repayable on demand.
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