Acorah Software Products - Accounts Production 14.6.300 false true 31 March 2023 1 April 2022 false 1 April 2023 31 March 2024 31 March 2024 06464914 M C Deacon M J Deacon iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 06464914 2023-03-31 06464914 2024-03-31 06464914 2023-04-01 2024-03-31 06464914 frs-core:CurrentFinancialInstruments 2024-03-31 06464914 frs-core:Non-currentFinancialInstruments 2024-03-31 06464914 frs-core:ComputerEquipment 2024-03-31 06464914 frs-core:ComputerEquipment 2023-04-01 2024-03-31 06464914 frs-core:ComputerEquipment 2023-03-31 06464914 frs-core:ShareCapital 2024-03-31 06464914 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 06464914 frs-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 06464914 frs-bus:FilletedAccounts 2023-04-01 2024-03-31 06464914 frs-bus:SmallEntities 2023-04-01 2024-03-31 06464914 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 06464914 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 06464914 frs-bus:OrdinaryShareClass1 2023-04-01 2024-03-31 06464914 frs-bus:OrdinaryShareClass1 2024-03-31 06464914 frs-bus:OrdinaryShareClass2 2023-04-01 2024-03-31 06464914 frs-bus:OrdinaryShareClass2 2024-03-31 06464914 frs-bus:Director1 2023-04-01 2024-03-31 06464914 frs-bus:Director1 2023-03-31 06464914 frs-bus:Director1 2024-03-31 06464914 frs-bus:CompanySecretary1 2023-04-01 2024-03-31 06464914 frs-countries:EnglandWales 2023-04-01 2024-03-31 06464914 2022-03-31 06464914 2023-03-31 06464914 2022-04-01 2023-03-31 06464914 frs-core:CurrentFinancialInstruments 2023-03-31 06464914 frs-core:Non-currentFinancialInstruments 2023-03-31 06464914 frs-core:ShareCapital 2023-03-31 06464914 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31 06464914 frs-bus:OrdinaryShareClass1 2022-04-01 2023-03-31 06464914 frs-bus:OrdinaryShareClass2 2022-04-01 2023-03-31
Registered number: 06464914
Asset Based Finance And Leasing Ltd
Unaudited Financial Statements
For The Year Ended 31 March 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 06464914
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 148 560
148 560
CURRENT ASSETS
Debtors 5 4,612 7,574
Cash at bank and in hand 41,662 46,526
46,274 54,100
Creditors: Amounts Falling Due Within One Year 6 (9,517 ) (5,764 )
NET CURRENT ASSETS (LIABILITIES) 36,757 48,336
TOTAL ASSETS LESS CURRENT LIABILITIES 36,905 48,896
Creditors: Amounts Falling Due After More Than One Year 7 (3,610 ) (6,619 )
NET ASSETS 33,295 42,277
CAPITAL AND RESERVES
Called up share capital 8 100 100
Profit and Loss Account 33,195 42,177
SHAREHOLDERS' FUNDS 33,295 42,277
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Page 2
For the year ending 31 March 2024 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
M C Deacon
Director
1 July 2024
The notes on pages 3 to 4 form part of these financial statements.
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Page 3
Notes to the Financial Statements
1. General Information
Asset Based Finance And Leasing Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 06464914 . The registered office is C/O Bwbca Limited Dukes Court, Duke Street, Woking, Surrey, GU21 5BH.
The presentation currency of the financial statements is the Pound Sterling (£).
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, excluding discounts, rebates, value added tax and other sales taxes, on a work done basis.
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:
Computer Equipment 50% on Cost
2.4. Taxation
Taxation for the year comprises current tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.
Current assets and liabilities are not discounted.
Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.
Deferred Tax
Deferred tax is recognised in respect of all material timing differences that have originated but not reversed at the balance sheet date.
Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements.Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.
Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
3. Average Number of Employees
Average number of employees during the year was: NIL (2023: NIL)
- -
4. Tangible Assets
Computer Equipment
£
Cost
As at 1 April 2023 4,116
As at 31 March 2024 4,116
Depreciation
As at 1 April 2023 3,556
Provided during the period 412
As at 31 March 2024 3,968
...CONTINUED
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Net Book Value
As at 31 March 2024 148
As at 1 April 2023 560
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors - 2,863
Other debtors 4,612 4,711
4,612 7,574
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 477 91
Bank loans and overdrafts 3,010 2,935
Other creditors 980 1,303
Taxation and social security 5,050 1,435
9,517 5,764
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 3,610 6,619
8. Share Capital
2024 2023
Allotted, called up and fully paid £ £
90 Ordinary Shares of £ 1.00 each 90 90
10 Ordinary A shares of £ 1.00 each 10 10
100 100
9. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 April 2023 Amounts advanced Amounts repaid Amounts written off As at 31 March 2024
£ £ £ £ £
Mr Michael Deacon (323 ) 37,040 35,564 - 1,153
The above loan is unsecured, interest free and was repaid shortly after the year end. 
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