Acorah Software Products - Accounts Production 16.0.110 false true 31 March 2023 1 April 2022 false 1 April 2023 31 March 2024 31 March 2024 4012380 Mr Jeremy Tilson true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 4012380 2023-03-31 4012380 2024-03-31 4012380 2023-04-01 2024-03-31 4012380 frs-core:CurrentFinancialInstruments 2024-03-31 4012380 frs-core:Non-currentFinancialInstruments 2024-03-31 4012380 frs-core:ComputerEquipment 2024-03-31 4012380 frs-core:ComputerEquipment 2023-04-01 2024-03-31 4012380 frs-core:ComputerEquipment 2023-03-31 4012380 frs-core:FurnitureFittings 2024-03-31 4012380 frs-core:FurnitureFittings 2023-04-01 2024-03-31 4012380 frs-core:FurnitureFittings 2023-03-31 4012380 frs-core:NetGoodwill 2024-03-31 4012380 frs-core:NetGoodwill 2023-04-01 2024-03-31 4012380 frs-core:NetGoodwill 2023-03-31 4012380 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-03-31 4012380 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-04-01 2024-03-31 4012380 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-03-31 4012380 frs-core:ShareCapital 2024-03-31 4012380 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 4012380 frs-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 4012380 frs-bus:FilletedAccounts 2023-04-01 2024-03-31 4012380 frs-bus:SmallEntities 2023-04-01 2024-03-31 4012380 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 4012380 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 4012380 1 2023-04-01 2024-03-31 4012380 frs-bus:Director1 2023-04-01 2024-03-31 4012380 frs-countries:EnglandWales 2023-04-01 2024-03-31 4012380 2022-03-31 4012380 2023-03-31 4012380 2022-04-01 2023-03-31 4012380 frs-core:CurrentFinancialInstruments 2023-03-31 4012380 frs-core:Non-currentFinancialInstruments 2023-03-31 4012380 frs-core:ShareCapital 2023-03-31 4012380 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31
Registered number: 4012380
Alphafirst Limited
Unaudited Financial Statements
For The Year Ended 31 March 2024
Tony R Pomfret & Associates
37a High Street
Hoddesdon
EN11 8TA
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 4012380
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 5 6,949 8,444
6,949 8,444
CURRENT ASSETS
Debtors 6 37,346 44,220
Cash at bank and in hand 30,641 35,054
67,987 79,274
Creditors: Amounts Falling Due Within One Year 7 (57,464 ) (58,855 )
NET CURRENT ASSETS (LIABILITIES) 10,523 20,419
TOTAL ASSETS LESS CURRENT LIABILITIES 17,472 28,863
Creditors: Amounts Falling Due After More Than One Year 8 (11,667 ) (21,667 )
PROVISIONS FOR LIABILITIES
Deferred Taxation 9 (469 ) (589 )
NET ASSETS 5,336 6,607
CAPITAL AND RESERVES
Called up share capital 10 100 100
Profit and Loss Account 5,236 6,507
SHAREHOLDERS' FUNDS 5,336 6,607
Page 1
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
Mr Jeremy Tilson
Director
18/11/2024
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
Alphafirst Limited is a private company, limited by shares, incorporated in England & Wales, registered number 4012380 . The registered office is 37a High Street, Hoddesdon, Herts, EN11 8TA.
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 profit and loss account over its estimated economic life of 5 years. All costs have been amortised in previous years.
2.4. 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 6.66% straight line basis
Fixtures & Fittings 20% of cost on a straight line basis
Computer Equipment 25% of cost on a straight line basis
Page 3
Page 4
2.5. 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. 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 asset reflects 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 (2023: 8)
5 8
4. Intangible Assets
Goodwill
£
Cost
As at 1 April 2023 5,000
As at 31 March 2024 5,000
Amortisation
As at 1 April 2023 5,000
As at 31 March 2024 5,000
Net Book Value
As at 31 March 2024 -
As at 1 April 2023 -
Page 4
Page 5
5. Tangible Assets
Land & Property
Leasehold Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 April 2023 15,215 16,809 2,427 34,451
As at 31 March 2024 15,215 16,809 2,427 34,451
Depreciation
As at 1 April 2023 9,127 14,453 2,427 26,007
Provided during the period 1,015 480 - 1,495
As at 31 March 2024 10,142 14,933 2,427 27,502
Net Book Value
As at 31 March 2024 5,073 1,876 - 6,949
As at 1 April 2023 6,088 2,356 - 8,444
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 35,196 42,368
Other debtors 2,150 1,852
37,346 44,220
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 4,196 8,079
Bank loans and overdrafts 10,000 10,000
Other creditors 21,073 19,045
Taxation and social security 22,195 21,731
57,464 58,855
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 11,667 21,667
Page 5
Page 6
9. Deferred Taxation
The provision for deferred tax is made up as follows:
2024 2023
£ £
Other timing differences 469 589
10. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
11. Related Party Transactions
Director's Loan Account

Director's Loan Account

At the Balance sheet date the company owed Mr J Tilson £1,735 (2023 £343). Mr J Tilson is a director and shareholder of the company.
12. Ultimate Controlling Party
The company's ultimate controlling party is Mr J Tilson by virtue of his ownership of 100% of the issued share capital in the company.
Page 6