Acorah Software Products - Accounts Production 16.6.950 false true 5 April 2024 6 April 2023 false 6 April 2024 5 April 2025 5 April 2025 02345402 Mrs S A Tusler Mrs M Tusler Mr S Tusler Mrs S A Tusler iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 02345402 2024-04-05 02345402 2025-04-05 02345402 2024-04-06 2025-04-05 02345402 frs-core:CurrentFinancialInstruments 2025-04-05 02345402 frs-core:ComputerEquipment 2025-04-05 02345402 frs-core:ComputerEquipment 2024-04-06 2025-04-05 02345402 frs-core:ComputerEquipment 2024-04-05 02345402 frs-core:FurnitureFittings 2025-04-05 02345402 frs-core:FurnitureFittings 2024-04-06 2025-04-05 02345402 frs-core:FurnitureFittings 2024-04-05 02345402 frs-core:MotorVehicles 2025-04-05 02345402 frs-core:MotorVehicles 2024-04-06 2025-04-05 02345402 frs-core:MotorVehicles 2024-04-05 02345402 frs-core:ShareCapital 2025-04-05 02345402 frs-core:RetainedEarningsAccumulatedLosses 2025-04-05 02345402 frs-bus:PrivateLimitedCompanyLtd 2024-04-06 2025-04-05 02345402 frs-bus:FilletedAccounts 2024-04-06 2025-04-05 02345402 frs-bus:SmallEntities 2024-04-06 2025-04-05 02345402 frs-bus:AuditExempt-NoAccountantsReport 2024-04-06 2025-04-05 02345402 frs-bus:SmallCompaniesRegimeForAccounts 2024-04-06 2025-04-05 02345402 frs-core:DeferredTaxation 2024-04-06 2025-04-05 02345402 frs-core:DeferredTaxation 2024-04-05 02345402 frs-core:DeferredTaxation 2025-04-05 02345402 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2024-04-06 2025-04-05 02345402 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2024-04-05 02345402 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2025-04-05 02345402 frs-core:CostValuation 2024-04-05 02345402 frs-core:AdditionsToInvestments 2025-04-05 02345402 frs-core:CostValuation 2025-04-05 02345402 frs-core:ProvisionsForImpairmentInvestments 2024-04-05 02345402 frs-core:ProvisionsForImpairmentInvestments 2025-04-05 02345402 frs-bus:Director1 2024-04-06 2025-04-05 02345402 frs-bus:Director2 2024-04-06 2025-04-05 02345402 frs-bus:Director3 2024-04-06 2025-04-05 02345402 frs-bus:CompanySecretary1 2024-04-06 2025-04-05 02345402 frs-countries:EnglandWales 2024-04-06 2025-04-05 02345402 2023-04-05 02345402 2024-04-05 02345402 2023-04-06 2024-04-05 02345402 frs-core:CurrentFinancialInstruments 2024-04-05 02345402 frs-core:ShareCapital 2024-04-05 02345402 frs-core:RetainedEarningsAccumulatedLosses 2024-04-05 02345402 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2024-04-05
Registered number: 02345402
F.M.S. Limited
Financial Statements
For The Year Ended 5 April 2025
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 02345402
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 3,863 4,339
Investment Properties 5 2,170,000 2,155,000
Investments 6 23,471 21,772
2,197,334 2,181,111
CURRENT ASSETS
Debtors 7 44,568 18,100
Cash at bank and in hand 173,270 155,528
217,838 173,628
Creditors: Amounts Falling Due Within One Year 8 (57,385 ) (8,735 )
NET CURRENT ASSETS (LIABILITIES) 160,453 164,893
TOTAL ASSETS LESS CURRENT LIABILITIES 2,357,787 2,346,004
PROVISIONS FOR LIABILITIES
Deferred Taxation 9 (249,433 ) (245,715 )
NET ASSETS 2,108,354 2,100,289
CAPITAL AND RESERVES
Called up share capital 11 3 3
Fair value reserve 12 1,078,112 1,066,831
Profit and Loss Account 1,030,239 1,033,455
SHAREHOLDERS' FUNDS 2,108,354 2,100,289
Page 1
Page 2
For the year ending 5 April 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
Mrs S A Tusler
Director
20th November 2025
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
F.M.S. Limited is a private company, limited by shares, incorporated in England & Wales, registered number 02345402 . The registered office is 8 Ryecroft Meadow, Mannings Heath, Horsham, West Sussex, RH13 6JN.
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 represents rent receivable, excluding value added tax.
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:
Motor Vehicles 25% reducing balance
Fixtures & Fittings 25% reducing balance
Computer Equipment 25% reducing balance
2.4. Investment Properties
All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account. The gain or loss is transferred to a fair value reserve after adjusting for deferred tax.
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.
2.6. Fixed asset investments
Fixed asset investments represent investment in rare gold coinage. The investment is shown at cost as the fiar value is not readily obtainable.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 3 (2024: 3)
3 3
Page 3
Page 4
4. Tangible Assets
Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost or Valuation
As at 6 April 2024 5,250 14,667 4,344 24,261
Additions - - 609 609
As at 5 April 2025 5,250 14,667 4,953 24,870
Depreciation
As at 6 April 2024 1,312 14,610 4,000 19,922
Provided during the period 984 14 87 1,085
As at 5 April 2025 2,296 14,624 4,087 21,007
Net Book Value
As at 5 April 2025 2,954 43 866 3,863
As at 6 April 2024 3,938 57 344 4,339
5. Investment Property
2025
£
Fair Value
As at 6 April 2024 2,155,000
Revaluations 15,000
As at 5 April 2025 2,170,000
If investment property had been accounted for under historical cost accounting rules, the amounts would be:
2025 2024
£ £
Cost 842,354 842,354
The investment properties were valued on an open market basis on 5th April 2025 by the director.
6. Investments
Other
£
Cost
As at 6 April 2024 21,772
Additions 1,699
As at 5 April 2025 23,471
Provision
As at 6 April 2024 -
As at 5 April 2025 -
Net Book Value
As at 5 April 2025 23,471
As at 6 April 2024 21,772
Page 4
Page 5
7. Debtors
2025 2024
£ £
Due within one year
Trade debtors 4,740 1,380
Other debtors 39,828 16,720
44,568 18,100
8. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Other creditors 55,498 4,155
Taxation and social security 1,887 4,580
57,385 8,735
9. Deferred Taxation
The provision for deferred tax is made up as follows:
2025 2024
£ £
Other timing differences 249,433 245,715
10. Provisions for Liabilities
Deferred Tax Total
£ £
As at 6 April 2024 245,715 245,715
Additions 3,718 3,718
Balance at 5 April 2025 249,433 249,433
11. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 3 3
12. Reserves
Fair Value Reserve
£
As at 6 April 2024 1,066,831
Transfer to profit and loss 11,281
As at 5 April 2025 1,078,112
Page 5