Acorah Software Products - Accounts Production 15.0.500 false true 31 December 2022 1 January 2022 false 24 September 2024 1 January 2023 31 December 2023 31 December 2023 03307467 Mr Tolga Babali Mrs Hanzade Vasfiye Dogan Boyner Mr Hasan Ilker YONEY iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 03307467 2022-12-31 03307467 2023-12-31 03307467 2023-01-01 2023-12-31 03307467 frs-core:CurrentFinancialInstruments 2023-12-31 03307467 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-12-31 03307467 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-01-01 2023-12-31 03307467 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2022-12-31 03307467 frs-core:MotorVehicles 2023-01-01 2023-12-31 03307467 frs-core:PlantMachinery 2023-12-31 03307467 frs-core:PlantMachinery 2023-01-01 2023-12-31 03307467 frs-core:PlantMachinery 2022-12-31 03307467 frs-core:ShareCapital 2023-12-31 03307467 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 03307467 frs-bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 03307467 frs-bus:FilletedAccounts 2023-01-01 2023-12-31 03307467 frs-bus:SmallEntities 2023-01-01 2023-12-31 03307467 frs-bus:Audited 2023-01-01 2023-12-31 03307467 frs-bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 03307467 frs-bus:Director1 2023-01-01 2023-12-31 03307467 frs-bus:Director2 2023-01-01 2023-12-31 03307467 frs-bus:Director3 2023-01-01 2023-12-31 03307467 frs-core:CurrentFinancialInstruments 3 2023-12-31 03307467 frs-countries:EnglandWales 2023-01-01 2023-12-31 03307467 2021-12-31 03307467 2022-12-31 03307467 2022-01-01 2022-12-31 03307467 frs-core:CurrentFinancialInstruments 2022-12-31 03307467 frs-core:ShareCapital 2022-12-31 03307467 frs-core:RetainedEarningsAccumulatedLosses 2022-12-31 03307467 frs-core:CurrentFinancialInstruments 3 2022-12-31
Registered number: 03307467
FALCON PURCHASING SERVICES LIMITED
Financial Statements
For The Year Ended 31 December 2023
Porte Consulting Corporate Ltd
Financial Statements
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—4
Page 1
Balance Sheet
Registered number: 03307467
2023 2022
Notes $ $ $ $
FIXED ASSETS
Tangible Assets 4 - 43
- 43
CURRENT ASSETS
Debtors 5 5,140 1,070
Cash at bank and in hand 308,108 576,771
313,248 577,841
Creditors: Amounts Falling Due Within One Year 6 (13,374 ) (68,339 )
NET CURRENT ASSETS (LIABILITIES) 299,874 509,502
TOTAL ASSETS LESS CURRENT LIABILITIES 299,874 509,545
NET ASSETS 299,874 509,545
CAPITAL AND RESERVES
Called up share capital 7 1,072,707 1,072,707
Profit and Loss Account (772,833 ) (563,162 )
SHAREHOLDERS' FUNDS 299,874 509,545
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 Tolga Babali
Director
24/09/2024
The notes on pages 2 to 4 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
FALCON PURCHASING SERVICES LIMITED is a private company, limited by shares, incorporated in England & Wales, registered number 03307467 . The registered office is 5th Floor 36 Dover Street, London , England, W1S 4NH.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
The financial statements are prepared in USD.
2.2. 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:
Leasehold over period of lease
Plant & Machinery 5 years straight line
Motor Vehicles 5 years straight line
2.3. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
2.4. 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: 5 (2022: 2)
5 2
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4. Tangible Assets
Land & Property
Leasehold Plant & Machinery Total
$ $ $
Cost
As at 1 January 2023 38,541 6,148 44,689
As at 31 December 2023 38,541 6,148 44,689
Depreciation
As at 1 January 2023 38,541 6,105 44,646
Provided during the period - 43 43
As at 31 December 2023 38,541 6,148 44,689
Net Book Value
As at 31 December 2023 - - -
As at 1 January 2023 - 43 43
5. Debtors
2023 2022
$ $
Due within one year
Other debtors 5,140 1,070
5,140 1,070
6. Creditors: Amounts Falling Due Within One Year
2023 2022
$ $
Trade creditors 3,459 3,287
Other taxes and social security - 1,524
Other creditors - 54,617
Pension 997 -
Accruals and deferred income 8,918 8,911
13,374 68,339
7. Share Capital
2023 2022
$ $
Allotted, Called up and fully paid 1,072,707 1,072,707
Additional notes regarding share capital
The company's total number of shares as at 31 December 2023 was 850,000 shares at £1 per share ($1,072,707).
8. Related Party Transactions
During the year the following related party transaction took place
Dogan Online Limited, related by similar shareholders Shared offices $24,714.60
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9. Audit Information
The auditors report on the account of FALCON PURCHASING SERVICES LIMITED for the year ended 31 December 2023 was unqualified
The auditor's report was signed by Mr Nigel Morris BA FCA (Senior Statutory Auditor) for and on behalf of Matthew Edwards & Co , Statutory Auditor
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