Acorah Software Products - Accounts Production 14.5.501 false true false 4 July 2022 31 December 2023 31 December 2023 14214055 Mr Anthony Lamb iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 14214055 2022-07-03 14214055 2023-12-31 14214055 2022-07-04 2023-12-31 14214055 frs-core:CurrentFinancialInstruments 2023-12-31 14214055 frs-core:ShareCapital 2023-12-31 14214055 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 14214055 frs-bus:PrivateLimitedCompanyLtd 2022-07-04 2023-12-31 14214055 frs-bus:FilletedAccounts 2022-07-04 2023-12-31 14214055 frs-bus:SmallEntities 2022-07-04 2023-12-31 14214055 frs-bus:AuditExempt-NoAccountantsReport 2022-07-04 2023-12-31 14214055 frs-bus:SmallCompaniesRegimeForAccounts 2022-07-04 2023-12-31 14214055 frs-bus:Director1 2022-07-04 2023-12-31 14214055 frs-bus:Director1 2022-07-03 14214055 frs-bus:Director1 2023-12-31 14214055 frs-countries:EnglandWales 2022-07-04 2023-12-31
Registered number: 14214055
BOND PREMIUM FINANCE LIMITED
Unaudited Financial Statements
For the Period 4 July 2022 to 31 December 2023
Unaudited Financial Statements
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—3
Page 1
Balance Sheet
Registered number: 14214055
31 December 2023
Notes £ £
CURRENT ASSETS
Debtors 4 381,497
Cash at bank and in hand 303,628
685,125
Creditors: Amounts Falling Due Within One Year 5 (544,227 )
NET CURRENT ASSETS (LIABILITIES) 140,898
TOTAL ASSETS LESS CURRENT LIABILITIES 140,898
NET ASSETS 140,898
CAPITAL AND RESERVES
Called up share capital 6 100
Profit and Loss Account 140,798
SHAREHOLDERS' FUNDS 140,898
For the period ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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
Mr Anthony Lamb
Director
28th March 2024
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
BOND PREMIUM FINANCE LIMITED is a private company, limited by shares, incorporated in England & Wales, registered number 14214055 . The registered office is 63 St Mary Axe, London, EC31 8AA.
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.
2.3. 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 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 period was: 1
1
4. Debtors
31 December 2023
£
Due within one year
Trade debtors 347,497
Prepayments and accrued income 33,900
Director's loan account 100
381,497
Page 2
Page 3
5. Creditors: Amounts Falling Due Within One Year
31 December 2023
£
Trade creditors 368,523
Provision for Corporation Tax 38,394
Sundry Creditors 110,728
Accruals 26,582
544,227
6. Share Capital
31 December 2023
£
Allotted, Called up and fully paid 100
7. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 4 July 2022 Amounts advanced Amounts repaid Amounts written off As at 31 December 2023
£ £ £ £ £
Mr Anthony Lamb - 100 - - 100
The above loan is unsecured, interest free and repayable on demand.
Page 3