Acorah Software Products - Accounts Production 14.6.300 false true 31 May 2023 1 June 2022 false 1 June 2023 31 May 2024 31 May 2024 03563122 F Saberian A Saberian iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 03563122 2023-05-31 03563122 2024-05-31 03563122 2023-06-01 2024-05-31 03563122 frs-core:CurrentFinancialInstruments 2024-05-31 03563122 frs-core:Non-currentFinancialInstruments 2024-05-31 03563122 frs-core:BetweenOneFiveYears 2024-05-31 03563122 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-06-01 2024-05-31 03563122 frs-core:FurnitureFittings 2024-05-31 03563122 frs-core:FurnitureFittings 2023-06-01 2024-05-31 03563122 frs-core:FurnitureFittings 2023-05-31 03563122 frs-core:NetGoodwill 2024-05-31 03563122 frs-core:NetGoodwill 2023-06-01 2024-05-31 03563122 frs-core:NetGoodwill 2023-05-31 03563122 frs-core:MotorVehicles 2024-05-31 03563122 frs-core:MotorVehicles 2023-06-01 2024-05-31 03563122 frs-core:MotorVehicles 2023-05-31 03563122 frs-core:OtherResidualIntangibleAssets 2024-05-31 03563122 frs-core:OtherResidualIntangibleAssets 2023-06-01 2024-05-31 03563122 frs-core:OtherResidualIntangibleAssets 2023-05-31 03563122 frs-core:PlantMachinery 2024-05-31 03563122 frs-core:PlantMachinery 2023-06-01 2024-05-31 03563122 frs-core:PlantMachinery 2023-05-31 03563122 frs-core:WithinOneYear 2024-05-31 03563122 frs-core:SharePremium 2024-05-31 03563122 frs-core:ShareCapital 2024-05-31 03563122 frs-core:RetainedEarningsAccumulatedLosses 2024-05-31 03563122 frs-bus:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 03563122 frs-bus:FilletedAccounts 2023-06-01 2024-05-31 03563122 frs-bus:SmallEntities 2023-06-01 2024-05-31 03563122 frs-bus:AuditExempt-NoAccountantsReport 2023-06-01 2024-05-31 03563122 frs-bus:SmallCompaniesRegimeForAccounts 2023-06-01 2024-05-31 03563122 frs-bus:Director1 2023-06-01 2024-05-31 03563122 frs-bus:CompanySecretary1 2023-06-01 2024-05-31 03563122 frs-core:CurrentFinancialInstruments 1 2024-05-31 03563122 frs-countries:EnglandWales 2023-06-01 2024-05-31 03563122 2022-05-31 03563122 2023-05-31 03563122 2022-06-01 2023-05-31 03563122 frs-core:CurrentFinancialInstruments 2023-05-31 03563122 frs-core:Non-currentFinancialInstruments 2023-05-31 03563122 frs-core:BetweenOneFiveYears 2023-05-31 03563122 frs-core:MotorVehicles 2022-06-01 2023-05-31 03563122 frs-core:PlantMachinery 2022-06-01 2023-05-31 03563122 frs-core:WithinOneYear 2023-05-31 03563122 frs-core:SharePremium 2023-05-31 03563122 frs-core:ShareCapital 2023-05-31 03563122 frs-core:RetainedEarningsAccumulatedLosses 2023-05-31 03563122 frs-core:CurrentFinancialInstruments 1 2023-05-31
Registered number: 03563122
Fingerprint FO+ Limited
Unaudited Financial Statements
For The Year Ended 31 May 2024
Contents
Page
Statement of Financial Position 1—2
Notes to the Financial Statements 3—6
Page 1
Statement of Financial Position
Registered number: 03563122
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 9,250 12,250
Tangible Assets 5 153,213 120,455
162,463 132,705
CURRENT ASSETS
Stocks 6 11,146 8,154
Debtors 7 288,358 361,434
Cash at bank and in hand 133,215 75,904
432,719 445,492
Creditors: Amounts Falling Due Within One Year 8 (296,010 ) (282,555 )
NET CURRENT ASSETS (LIABILITIES) 136,709 162,937
TOTAL ASSETS LESS CURRENT LIABILITIES 299,172 295,642
Creditors: Amounts Falling Due After More Than One Year 9 (63,516 ) (116,015 )
NET ASSETS 235,656 179,627
CAPITAL AND RESERVES
Called up share capital 11 100 100
Share premium account 36,736 36,736
Income Statement 198,820 142,791
SHAREHOLDERS' FUNDS 235,656 179,627
Page 1
Page 2
For the year ending 31 May 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 Income Statement.
On behalf of the board
F Saberian
Director
30/08/2024
The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Fingerprint FO+ Limited is a private company, limited by shares, incorporated in England & Wales, registered number 03563122 . The registered office is Unit 4 Alders Court, Watchmead, Welwyn Garden City, Hertfordshire, AL7 1LT.
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 - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to income statement over its estimated economic life of 5 years.
2.4. Intangible Fixed Assets and Amortisation - Other Intangible
Other intangible assets are the copyrights to three books which were purchased during the year ended 31 May 2007.Amortisation was provided for these over 10 years.
2.5. 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 15% to 20% on reducing balance
Motor Vehicles 20% on reducing balance
Fixtures & Fittings 20% on reducing balance
2.6. Leasing and Hire Purchase Contracts
Assets obtained under 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 income statement so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to income statement as incurred.
2.7. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
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2.8. 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 year was: 13 (2023: 10)
13 10
4. Intangible Assets
Goodwill Other Total
£ £ £
Cost
As at 1 June 2023 15,000 7,000 22,000
As at 31 May 2024 15,000 7,000 22,000
Amortisation
As at 1 June 2023 2,750 7,000 9,750
Provided during the period 3,000 - 3,000
As at 31 May 2024 5,750 7,000 12,750
Net Book Value
As at 31 May 2024 9,250 - 9,250
As at 1 June 2023 12,250 - 12,250
5. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Total
£ £ £ £
Cost
As at 1 June 2023 385,484 - 102,577 488,061
Additions 1,195 54,463 9,203 64,861
As at 31 May 2024 386,679 54,463 111,780 552,922
Depreciation
As at 1 June 2023 287,395 - 80,211 367,606
Provided during the period 14,894 10,893 6,316 32,103
As at 31 May 2024 302,289 10,893 86,527 399,709
...CONTINUED
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Net Book Value
As at 31 May 2024 84,390 43,570 25,253 153,213
As at 1 June 2023 98,089 - 22,366 120,455
Included above are assets held under finance leases or hire purchase contracts with a net book value as follows:
2024 2023
£ £
Plant & Machinery 52,366 61,608
Motor Vehicles 23,542 -
75,908 61,608
6. Stocks
2024 2023
£ £
Stock 5,600 4,500
Work in progress 5,546 3,654
11,146 8,154
7. Debtors
2024 2023
£ £
Due within one year
Trade debtors 266,777 347,530
Prepayments and accrued income 8,751 5,536
Other debtors 5,830 8,368
Other debtors (1) 7,000 -
288,358 361,434
8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 30,757 21,675
Trade creditors 136,489 149,383
Bank loans and overdrafts 19,000 19,000
Other loans 31,592 28,569
Corporation tax 7 -
Other taxes and social security 6,842 4,130
VAT 19,887 13,105
Other creditors 7,368 502
Accruals and deferred income 8,651 15,355
Director's loan account 35,417 30,836
296,010 282,555
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9. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 29,050 30,958
Bank loans 17,438 36,437
Other loans 17,028 48,620
63,516 116,015
10. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year 30,757 21,675
Later than one year and not later than five years 29,050 30,958
59,807 52,633
59,807 52,633
11. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
12. Other Commitments
The total of future minimum lease payments under non-cancellable operating leases are as following:
2024 2023
£ £
Not later than one year 13,500 1,380
Later than one year and not later than five years 124,848 185,704
138,348 187,084
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