Acorah Software Products - Accounts Production 16.2.850 false true 28 February 2024 1 March 2023 false 29 February 2024 28 February 2025 28 February 2025 04657173 Mr D Greenan Mr R L Ashley Mr D Greenan the director, Rupert Ashley true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 04657173 2024-02-28 04657173 2025-02-28 04657173 2024-02-29 2025-02-28 04657173 frs-core:CurrentFinancialInstruments 2025-02-28 04657173 frs-core:BetweenOneFiveYears 2025-02-28 04657173 frs-core:ComputerEquipment 2025-02-28 04657173 frs-core:ComputerEquipment 2024-02-29 2025-02-28 04657173 frs-core:ComputerEquipment 2024-02-28 04657173 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2024-02-29 2025-02-28 04657173 frs-core:OtherResidualIntangibleAssets 2025-02-28 04657173 frs-core:OtherResidualIntangibleAssets 2024-02-29 2025-02-28 04657173 frs-core:OtherResidualIntangibleAssets 2024-02-28 04657173 frs-core:PlantMachinery 2025-02-28 04657173 frs-core:PlantMachinery 2024-02-29 2025-02-28 04657173 frs-core:PlantMachinery 2024-02-28 04657173 frs-core:WithinOneYear 2025-02-28 04657173 frs-core:CapitalRedemptionReserve 2025-02-28 04657173 frs-core:ShareCapital 2025-02-28 04657173 frs-core:RetainedEarningsAccumulatedLosses 2025-02-28 04657173 frs-bus:PrivateLimitedCompanyLtd 2024-02-29 2025-02-28 04657173 frs-bus:FilletedAccounts 2024-02-29 2025-02-28 04657173 frs-bus:SmallEntities 2024-02-29 2025-02-28 04657173 frs-bus:AuditExempt-NoAccountantsReport 2024-02-29 2025-02-28 04657173 frs-bus:SmallCompaniesRegimeForAccounts 2024-02-29 2025-02-28 04657173 1 2024-02-29 2025-02-28 04657173 frs-bus:Director1 2024-02-29 2025-02-28 04657173 frs-bus:Director2 2024-02-29 2025-02-28 04657173 frs-bus:CompanySecretary1 2024-02-29 2025-02-28 04657173 frs-countries:EnglandWales 2024-02-29 2025-02-28 04657173 2023-02-28 04657173 2024-02-28 04657173 2023-03-01 2024-02-28 04657173 frs-core:CurrentFinancialInstruments 2024-02-28 04657173 frs-core:BetweenOneFiveYears 2024-02-28 04657173 frs-core:WithinOneYear 2024-02-28 04657173 frs-core:CapitalRedemptionReserve 2024-02-28 04657173 frs-core:ShareCapital 2024-02-28 04657173 frs-core:RetainedEarningsAccumulatedLosses 2024-02-28
Registered number: 04657173
YF&I LTD
Unaudited Financial Statements
For The Year Ended 28 February 2025
Contents
Page
Statement of Financial Position 1
Notes to the Financial Statements 2—4
Page 1
Statement of Financial Position
Registered number: 04657173
2025 2024
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 173,689 130,368
Tangible Assets 5 971 65
174,660 130,433
CURRENT ASSETS
Debtors 6 19,181 16,784
Cash at bank and in hand 104,461 99,591
123,642 116,375
Creditors: Amounts Falling Due Within One Year 7 (263,397 ) (206,035 )
NET CURRENT ASSETS (LIABILITIES) (139,755 ) (89,660 )
TOTAL ASSETS LESS CURRENT LIABILITIES 34,905 40,773
PROVISIONS FOR LIABILITIES
Deferred Taxation (32,127 ) (23,492 )
NET ASSETS 2,778 17,281
CAPITAL AND RESERVES
Called up share capital 8 490 490
Capital redemption reserve 510 510
Income Statement 1,778 16,281
SHAREHOLDERS' FUNDS 2,778 17,281
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
Mr R L Ashley
Director
26/11/2025
The notes on pages 2 to 4 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
YF&I LTD is a private company, limited by shares, incorporated in England & Wales, registered number 04657173 . The registered office is Wallace House 4 Falcon Way, Shire Park, Welwyn Garden City, Hertfordshire, AL7 1TW.
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. Intangible Fixed Assets and Amortisation - Other Intangible
Other intangible assets are computer software. It is amortised to income statement over its estimated economic life of 5 years.
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:
Plant & Machinery 33% on reducing balance
Computer Equipment 33% on 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 7 (2024: 8)
7 8
Page 2
Page 3
4. Intangible Assets
Other
£
Cost
As at 29 February 2024 1,068,351
Additions 117,300
As at 28 February 2025 1,185,651
Amortisation
As at 29 February 2024 937,983
Provided during the period 73,979
As at 28 February 2025 1,011,962
Net Book Value
As at 28 February 2025 173,689
As at 29 February 2024 130,368
5. Tangible Assets
Plant & Machinery Computer Equipment Total
£ £ £
Cost
As at 29 February 2024 1,563 1,075 2,638
Additions - 1,385 1,385
As at 28 February 2025 1,563 2,460 4,023
Depreciation
As at 29 February 2024 1,498 1,075 2,573
Provided during the period 22 457 479
As at 28 February 2025 1,520 1,532 3,052
Net Book Value
As at 28 February 2025 43 928 971
As at 29 February 2024 65 - 65
6. Debtors
2025 2024
£ £
Due within one year
Trade debtors 5,050 3,183
Prepayments and accrued income 14,131 13,601
19,181 16,784
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Page 4
7. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 1,796 1,043
Other taxes and social security 8,013 7,804
VAT 10,054 21,767
Other creditors 16,348 -
Accruals and deferred income 28,067 34,975
Amounts owed to associates 199,119 140,446
263,397 206,035
8. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 490 490
9. Other Commitments
The total of future minimum lease payments under non-cancellable operating leases are as following:
2025 2024
£ £
Not later than one year 18,505 22,167
Later than one year and not later than five years 1,870 18,324
20,375 40,491
10. Related Party Transactions
Purchase Direct LimitedA company wholly owned by the director and share holder Rupert Ashley

Purchase Direct Limited

A company wholly owned by the director and share holder Rupert Ashley

Included within amounts owed to associates is an amount of £199,119 (2024 £140,446) owed to Purchase Direct Limited.
11. Ultimate Controlling Party
The company's ultimate controlling party is the director, Rupert Ashley by virtue of his ownership of 100% of the issued share capital in the company.
Page 4