Acorah Software Products - Accounts Production 14.5.501 false true 31 December 2022 1 January 2022 false 1 January 2023 31 December 2023 31 December 2023 09932462 C Mitchell S Mitchell C Mitchell iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 09932462 2022-12-31 09932462 2023-12-31 09932462 2023-01-01 2023-12-31 09932462 frs-core:ComputerEquipment 2023-12-31 09932462 frs-core:ComputerEquipment 2023-01-01 2023-12-31 09932462 frs-core:ComputerEquipment 2022-12-31 09932462 frs-core:MotorVehicles 2023-12-31 09932462 frs-core:MotorVehicles 2023-01-01 2023-12-31 09932462 frs-core:MotorVehicles 2022-12-31 09932462 frs-core:ShareCapital 2023-12-31 09932462 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 09932462 frs-bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 09932462 frs-bus:FilletedAccounts 2023-01-01 2023-12-31 09932462 frs-bus:SmallEntities 2023-01-01 2023-12-31 09932462 frs-bus:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 09932462 frs-bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 09932462 frs-bus:Director1 2023-01-01 2023-12-31 09932462 frs-bus:Director2 2023-01-01 2023-12-31 09932462 frs-bus:CompanySecretary1 2023-01-01 2023-12-31 09932462 frs-countries:EnglandWales 2023-01-01 2023-12-31 09932462 2021-12-31 09932462 2022-12-31 09932462 2022-01-01 2022-12-31 09932462 frs-core:CurrentFinancialInstruments 2022-12-31 09932462 frs-core:WithinOneYear 2022-12-31 09932462 frs-core:ShareCapital 2022-12-31 09932462 frs-core:RetainedEarningsAccumulatedLosses 2022-12-31
Registered number: 09932462
Solutions 4 Clearing Ltd
Financial Statements
For The Year Ended 31 December 2023
Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 09932462
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 3,877 2,613
3,877 2,613
CURRENT ASSETS
Debtors 5 476 91
Cash at bank and in hand 1,477 31,523
1,953 31,614
Creditors: Amounts Falling Due Within One Year 6 (3,500 ) (25,006 )
NET CURRENT ASSETS (LIABILITIES) (1,547 ) 6,608
TOTAL ASSETS LESS CURRENT LIABILITIES 2,330 9,221
NET ASSETS 2,330 9,221
CAPITAL AND RESERVES
Called up share capital 2 2
Profit and Loss Account 2,328 9,219
SHAREHOLDERS' FUNDS 2,330 9,221
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For the year 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 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
C Mitchell
Director
25 March 2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Solutions 4 Clearing Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 09932462 . The registered office is Woodlands, Surrey Gardens, Effingham Junction, Leatherhead, Surrey, KT54 5HF.
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 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:
Motor Vehicles 25% Straight Line
Computer Equipment 25% Straight Line
2.4. Leasing and Hire Purchase Contracts
Assets obtained under hire purchase contracts and finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

2.5. Taxation
Income tax expense represents the sum of the tax currently payable.

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 year 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.
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: NIL (2022: 2)
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4. Tangible Assets
Motor Vehicles Computer Equipment Total
£ £ £
Cost
As at 1 January 2023 48,240 8,055 56,295
Additions - 4,256 4,256
Disposals - (3,088 ) (3,088 )
As at 31 December 2023 48,240 9,223 57,463
Depreciation
As at 1 January 2023 48,240 5,442 53,682
Provided during the period - 1,683 1,683
Disposals - (1,779 ) (1,779 )
As at 31 December 2023 48,240 5,346 53,586
Net Book Value
As at 31 December 2023 - 3,877 3,877
As at 1 January 2023 - 2,613 2,613
5. Debtors
2023 2022
£ £
Due within one year
Other debtors 476 91
476 91
6. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Net obligations under finance lease and hire purchase contracts - 24,114
Other creditors 3,500 475
Taxation and social security - 417
3,500 25,006
7. Obligations Under Finance Leases and Hire Purchase
2023 2022
£ £
The future minimum finance lease payments are as follows:
Not later than one year - 24,114
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