Acorah Software Products - Accounts Production 16.6.950 false true 31 March 2024 1 April 2023 false 1 April 2024 31 March 2025 31 March 2025 02212735 M D French C F Goldsby N L Orme J Taylor J Taylor true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 02212735 2024-03-31 02212735 2025-03-31 02212735 2024-04-01 2025-03-31 02212735 frs-core:CurrentFinancialInstruments 2025-03-31 02212735 frs-core:Non-currentFinancialInstruments 2025-03-31 02212735 frs-core:ComputerEquipment 2025-03-31 02212735 frs-core:ComputerEquipment 2024-04-01 2025-03-31 02212735 frs-core:ComputerEquipment 2024-03-31 02212735 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2024-04-01 2025-03-31 02212735 frs-core:FurnitureFittings 2025-03-31 02212735 frs-core:FurnitureFittings 2024-04-01 2025-03-31 02212735 frs-core:FurnitureFittings 2024-03-31 02212735 frs-core:NetGoodwill 2025-03-31 02212735 frs-core:NetGoodwill 2024-04-01 2025-03-31 02212735 frs-core:NetGoodwill 2024-03-31 02212735 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2025-03-31 02212735 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-04-01 2025-03-31 02212735 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-03-31 02212735 frs-core:MotorVehicles 2025-03-31 02212735 frs-core:MotorVehicles 2024-04-01 2025-03-31 02212735 frs-core:MotorVehicles 2024-03-31 02212735 frs-core:OtherResidualIntangibleAssets 2025-03-31 02212735 frs-core:OtherResidualIntangibleAssets 2024-04-01 2025-03-31 02212735 frs-core:OtherResidualIntangibleAssets 2024-03-31 02212735 frs-core:CapitalRedemptionReserve 2025-03-31 02212735 frs-core:SharePremium 2025-03-31 02212735 frs-core:ShareCapital 2025-03-31 02212735 frs-core:RetainedEarningsAccumulatedLosses 2025-03-31 02212735 frs-bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 02212735 frs-bus:FilletedAccounts 2024-04-01 2025-03-31 02212735 frs-bus:SmallEntities 2024-04-01 2025-03-31 02212735 frs-bus:AuditExempt-NoAccountantsReport 2024-04-01 2025-03-31 02212735 frs-bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 02212735 1 2024-04-01 2025-03-31 02212735 frs-bus:Director1 2024-04-01 2025-03-31 02212735 frs-bus:Director2 2024-04-01 2025-03-31 02212735 frs-bus:Director3 2024-04-01 2025-03-31 02212735 frs-bus:Director4 2024-04-01 2025-03-31 02212735 frs-bus:CompanySecretary1 2024-04-01 2025-03-31 02212735 frs-countries:EnglandWales 2024-04-01 2025-03-31 02212735 2023-03-31 02212735 2024-03-31 02212735 2023-04-01 2024-03-31 02212735 frs-core:CurrentFinancialInstruments 2024-03-31 02212735 frs-core:Non-currentFinancialInstruments 2024-03-31 02212735 frs-core:CapitalRedemptionReserve 2024-03-31 02212735 frs-core:SharePremium 2024-03-31 02212735 frs-core:ShareCapital 2024-03-31 02212735 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31
Registered number: 02212735
Pracctice Limited
Financial Statements
For The Year Ended 31 March 2025
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 02212735
2025 2024
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 47,576 92,033
Tangible Assets 5 372,791 337,245
420,367 429,278
CURRENT ASSETS
Debtors 6 314,440 532,681
Cash at bank and in hand 490,616 484,999
805,056 1,017,680
Creditors: Amounts Falling Due Within One Year 7 (736,930 ) (686,775 )
NET CURRENT ASSETS (LIABILITIES) 68,126 330,905
TOTAL ASSETS LESS CURRENT LIABILITIES 488,493 760,183
Creditors: Amounts Falling Due After More Than One Year 8 (157,519 ) (174,633 )
NET ASSETS 330,974 585,550
CAPITAL AND RESERVES
Called up share capital 9 20,140 20,140
Share premium account 42,600 42,600
Capital redemption reserve 2,260 2,260
Profit and Loss Account 265,974 520,550
SHAREHOLDERS' FUNDS 330,974 585,550
Page 1
Page 2
For the year ending 31 March 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
M D French
Director
10 October 2025
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
Pracctice Limited is a private company, limited by shares, incorporated in England & Wales, registered number 02212735 . The registered office is Suite 1 Falstaff House, Sandys Road, Malvern, Worcestershire, WR14 1JJ.
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
Revenue is recognised to the extent that the company obtains the right to consideration in exchange for its performance. Revenue is measured at the fair value of the consideration received, excluding discounts, rebates, VAT and other sales taxes or duty. 
2.3. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to the profit and loss account over its estimated economic life of 10 years.
2.4. Intangible Fixed Assets and Amortisation - Other Intangible
Other intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.
Computer software is being amortised evenly over its estimated useful life of four years.
2.5. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. No depreciation is provided in the year of acquisition. 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:
Leasehold 10% straight line
Motor Vehicles / EV chargers 25% straight line
Furniture, fixtures and equipment 25% straight line
Computer Equipment 20% reducing balance
2.6. 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
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2.6. 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
Average number of employees, including directors, during the year was: 27 (2024: 25)
27 25
4. Intangible Assets
Goodwill Other Total
£ £ £
Cost
As at 1 April 2024 444,573 225,403 669,976
As at 31 March 2025 444,573 225,403 669,976
Amortisation
As at 1 April 2024 352,540 225,403 577,943
Provided during the period 44,457 - 44,457
As at 31 March 2025 396,997 225,403 622,400
Net Book Value
As at 31 March 2025 47,576 - 47,576
As at 1 April 2024 92,033 - 92,033
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Page 5
5. Tangible Assets
Land & Property
Leasehold Motor Vehicles / EV chargers Furniture, fixtures and equipment Computer Equipment Total
£ £ £ £ £
Cost
As at 1 April 2024 380,759 - 572,442 473,559 1,426,760
Additions - 4,138 - 36,115 40,253
As at 31 March 2025 380,759 4,138 572,442 509,674 1,467,013
Depreciation
As at 1 April 2024 53,222 - 572,442 463,851 1,089,515
Provided during the period - 679 - 4,028 4,707
As at 31 March 2025 53,222 679 572,442 467,879 1,094,222
Net Book Value
As at 31 March 2025 327,537 3,459 - 41,795 372,791
As at 1 April 2024 327,537 - - 9,708 337,245
6. Debtors
2025 2024
£ £
Due within one year
Trade debtors 5,931 7,888
Other debtors 308,509 524,793
314,440 532,681
7. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 107,046 94,670
Bank loans and overdrafts 14,000 11,000
Other creditors 341,737 279,455
Taxation and social security 274,147 301,650
736,930 686,775
Page 5
Page 6
8. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Bank loans 157,519 174,633
9. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 20,140 20,140
10. Related Party Transactions
During the year, fees amounting to £180,000 (2024: £180,000) were paid to Osprey Holding SLU for the services of J. Taylor.
Included in other debtors, at the year end was £240,000 (2024: £487,521) owed by J. Taylor. The company owed M. D. French £146,954 (2024: £77,977) at the year end.
11. Ultimate Controlling Party
The ultimate controlling party is J Taylor. 
The company is controlled by Osprey Holding SLU, a company registered in Andorra.
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