Acorah Software Products - Accounts Production 16.2.850 false true 29 February 2024 1 March 2023 false 1 March 2024 28 February 2025 28 February 2025 03721377 Mrs Diana Heelis Dr Paul Heelis Dr Paul Heelis iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 03721377 2024-02-29 03721377 2025-02-28 03721377 2024-03-01 2025-02-28 03721377 frs-core:CurrentFinancialInstruments 2025-02-28 03721377 frs-core:ComputerEquipment 2025-02-28 03721377 frs-core:ComputerEquipment 2024-03-01 2025-02-28 03721377 frs-core:ComputerEquipment 2024-02-29 03721377 frs-core:FurnitureFittings 2025-02-28 03721377 frs-core:FurnitureFittings 2024-03-01 2025-02-28 03721377 frs-core:FurnitureFittings 2024-02-29 03721377 frs-core:PlantMachinery 2025-02-28 03721377 frs-core:PlantMachinery 2024-03-01 2025-02-28 03721377 frs-core:PlantMachinery 2024-02-29 03721377 frs-core:ShareCapital 2025-02-28 03721377 frs-core:RetainedEarningsAccumulatedLosses 2025-02-28 03721377 frs-bus:PrivateLimitedCompanyLtd 2024-03-01 2025-02-28 03721377 frs-bus:FilletedAccounts 2024-03-01 2025-02-28 03721377 frs-bus:SmallEntities 2024-03-01 2025-02-28 03721377 frs-bus:AuditExempt-NoAccountantsReport 2024-03-01 2025-02-28 03721377 frs-bus:SmallCompaniesRegimeForAccounts 2024-03-01 2025-02-28 03721377 frs-bus:Director1 2024-03-01 2025-02-28 03721377 frs-bus:Director1 2024-02-29 03721377 frs-bus:Director1 2025-02-28 03721377 frs-bus:Director2 2024-03-01 2025-02-28 03721377 frs-bus:CompanySecretary1 2024-03-01 2025-02-28 03721377 frs-core:CurrentFinancialInstruments 2 2025-02-28 03721377 frs-core:CurrentFinancialInstruments 3 2025-02-28 03721377 frs-countries:EnglandWales 2024-03-01 2025-02-28 03721377 2023-02-28 03721377 2024-02-29 03721377 2023-03-01 2024-02-29 03721377 frs-core:CurrentFinancialInstruments 2024-02-29 03721377 frs-core:ShareCapital 2024-02-29 03721377 frs-core:RetainedEarningsAccumulatedLosses 2024-02-29 03721377 frs-core:CurrentFinancialInstruments 2 2024-02-29 03721377 frs-core:CurrentFinancialInstruments 3 2024-02-29
Registered number: 03721377
Chemistry Software Ltd
Unaudited Financial Statements
For The Year Ended 28 February 2025
TaxAssist Accountants
Contents
Page
Statement of Financial Position 1
Notes to the Financial Statements 2—3
Page 1
Statement of Financial Position
Registered number: 03721377
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 543 538
543 538
CURRENT ASSETS
Debtors 5 162,313 203,491
Cash at bank and in hand 18,682 83,895
180,995 287,386
Creditors: Amounts Falling Due Within One Year 6 (15,447 ) (16,544 )
NET CURRENT ASSETS (LIABILITIES) 165,548 270,842
TOTAL ASSETS LESS CURRENT LIABILITIES 166,091 271,380
NET ASSETS 166,091 271,380
CAPITAL AND RESERVES
Called up share capital 7 100 100
Income Statement 165,991 271,280
SHAREHOLDERS' FUNDS 166,091 271,380
For the year ending 28 February 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 Income Statement.
On behalf of the board
Dr Paul Heelis
Director
27/10/2025
The notes on pages 2 to 3 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
Chemistry Software Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 03721377 . The registered office is Gateways, Kings Cross Lane, South Nutfield, Surrey, RH1 5NS.
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.
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 % RBM
Fixtures & Fittings 33 % RBM
Computer Equipment 33 % RBM
2.4. 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.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also 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: 2 (2024: 2)
2 2
4. Tangible Assets
Plant & Machinery Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 March 2024 14,543 10,067 - 24,610
Additions - - 270 270
As at 28 February 2025 14,543 10,067 270 24,880
Depreciation
As at 1 March 2024 14,490 9,582 - 24,072
Provided during the period 14 161 90 265
As at 28 February 2025 14,504 9,743 90 24,337
...CONTINUED
Page 2
Page 3
Net Book Value
As at 28 February 2025 39 324 180 543
As at 1 March 2024 53 485 - 538
5. Debtors
2025 2024
£ £
Due within one year
Trade debtors - 7,823
Prepayments and accrued income 132 100
Other debtors (3) 56,274 93,274
Directors' loan accounts 105,907 102,294
162,313 203,491
6. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 11,578 13,376
Corporation tax 543 -
Other taxes and social security 158 159
VAT 635 611
Capital on Tap 39 -
Accruals and deferred income 2,494 2,398
15,447 16,544
7. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 100 100
8. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 March 2024 Amounts advanced Amounts repaid Amounts written off As at 28 February 2025
£ £ £ £ £
Dr Paul Heelis 102,294 61,672 28,010 - 135,956
The above loan is unsecured, interest free and repayable on demand.
Page 3