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 04540834 Mrs Lynette Cunningham Mr Mark Cunningham Mrs Jacqueline Holt Mrs Lynette Cunningham iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 04540834 frs-core:Non-currentFinancialInstruments frs-core:MoreThanFiveYears 2024-03-31 04540834 2023-03-31 04540834 2024-03-31 04540834 2023-04-01 2024-03-31 04540834 frs-core:CurrentFinancialInstruments 2024-03-31 04540834 frs-core:Non-currentFinancialInstruments 2024-03-31 04540834 frs-core:BetweenOneFiveYears 2024-03-31 04540834 frs-core:ComputerEquipment 2024-03-31 04540834 frs-core:ComputerEquipment 2023-04-01 2024-03-31 04540834 frs-core:ComputerEquipment 2023-03-31 04540834 frs-core:FurnitureFittings 2024-03-31 04540834 frs-core:FurnitureFittings 2023-04-01 2024-03-31 04540834 frs-core:FurnitureFittings 2023-03-31 04540834 frs-core:NetGoodwill 2024-03-31 04540834 frs-core:NetGoodwill 2023-04-01 2024-03-31 04540834 frs-core:NetGoodwill 2023-03-31 04540834 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-03-31 04540834 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 04540834 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-03-31 04540834 frs-core:MoreThanFiveYears 2024-03-31 04540834 frs-core:MotorVehicles 2024-03-31 04540834 frs-core:MotorVehicles 2023-04-01 2024-03-31 04540834 frs-core:MotorVehicles 2023-03-31 04540834 frs-core:WithinOneYear 2024-03-31 04540834 frs-core:ShareCapital 2024-03-31 04540834 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 04540834 frs-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 04540834 frs-bus:FilletedAccounts 2023-04-01 2024-03-31 04540834 frs-bus:SmallEntities 2023-04-01 2024-03-31 04540834 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 04540834 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 04540834 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2023-03-31 04540834 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2024-03-31 04540834 frs-bus:Director1 2023-04-01 2024-03-31 04540834 frs-bus:Director1 2023-03-31 04540834 frs-bus:Director1 2024-03-31 04540834 frs-bus:Director2 2023-04-01 2024-03-31 04540834 frs-bus:Director2 2023-03-31 04540834 frs-bus:Director2 2024-03-31 04540834 frs-bus:Director3 2023-04-01 2024-03-31 04540834 frs-bus:CompanySecretary1 2023-04-01 2024-03-31 04540834 frs-countries:EnglandWales 2023-04-01 2024-03-31 04540834 frs-core:Non-currentFinancialInstruments frs-core:MoreThanFiveYears 2023-03-31 04540834 2022-03-31 04540834 2023-03-31 04540834 2022-04-01 2023-03-31 04540834 frs-core:CurrentFinancialInstruments 2023-03-31 04540834 frs-core:Non-currentFinancialInstruments 2023-03-31 04540834 frs-core:BetweenOneFiveYears 2023-03-31 04540834 frs-core:MoreThanFiveYears 2023-03-31 04540834 frs-core:WithinOneYear 2023-03-31 04540834 frs-core:ShareCapital 2023-03-31 04540834 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31 04540834 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2023-03-31
Registered number: 04540834
Anthony James Consultancy Ltd
Unaudited Financial Statements
For The Year Ended 31 March 2024
Holden Tax Consulting Ltd
Chartered Accountants
212 Malthouse Business Centre 48 Southport Road
Ormskirk
L39 1QR
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—7
Page 1
Balance Sheet
Registered number: 04540834
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 5 265,580 216,267
Investment Properties 6 533,333 466,667
798,913 682,934
CURRENT ASSETS
Debtors 7 84,374 64,477
Cash at bank and in hand 20,834 133,382
105,208 197,859
Creditors: Amounts Falling Due Within One Year 8 (183,308 ) (150,256 )
NET CURRENT ASSETS (LIABILITIES) (78,100 ) 47,603
TOTAL ASSETS LESS CURRENT LIABILITIES 720,813 730,537
Creditors: Amounts Falling Due After More Than One Year 9 (307,951 ) (290,815 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (37,966 ) (11,794 )
NET ASSETS 374,896 427,928
CAPITAL AND RESERVES
Called up share capital 11 100 100
Fair value reserve 14 47,837 8,645
Profit and Loss Account 326,959 419,183
SHAREHOLDERS' FUNDS 374,896 427,928
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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 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
Mrs Lynette Cunningham
Director
Mr Mark Cunningham
Director
20/11/2024
The notes on pages 3 to 7 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Anthony James Consultancy Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 04540834 . The registered office is Charlotte House, 35-37 Hoghton Street, Southport, Merseyside, PR9 0NS.
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.
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:
Freehold 2% straight line
Motor Vehicles 20% straight line
Fixtures & Fittings 10% straight line
Computer Equipment 33% straight line
2.5. Investment Properties
All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.
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 profit and loss account 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 profit and loss account as incurred.
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2.7. 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 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.
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.
2.8. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
2.9. Government Grant
Government grants are recognised in the profit and loss account in an appropriate manner that matches them with the expenditure towards which they are intended to contribute.
Grants for immediate financial support or to cover costs already incurred are recognised immediately in the profit and loss account. Grants towards general activities of the entity over a specific period are recognised in the profit and loss account over that period.
Grants towards fixed assets are recognised over the expected useful lives of the related assets and are treated as deferred income and released to the profit and loss account over the useful life of the asset concerned.
All grants in the profit and loss account are recognised when all conditions for receipt have been complied with.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 13 (2023: 12)
13 12
4. Intangible Assets
Goodwill
£
Cost
As at 1 April 2023 425,361
As at 31 March 2024 425,361
Amortisation
As at 1 April 2023 425,361
As at 31 March 2024 425,361
Net Book Value
As at 31 March 2024 -
As at 1 April 2023 -
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5. Tangible Assets
Land & Property
Freehold Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost or Valuation
As at 1 April 2023 226,543 17,987 49,729 31,532 325,791
Additions - 70,340 2,193 95 72,628
Disposals (1,116 ) - (1,640 ) (7,982 ) (10,738 )
As at 31 March 2024 225,427 88,327 50,282 23,645 387,681
Depreciation
As at 1 April 2023 41,120 16,667 23,948 27,789 109,524
Provided during the period 5,833 8,554 5,028 2,569 21,984
Disposals (447 ) - (978 ) (7,982 ) (9,407 )
As at 31 March 2024 46,506 25,221 27,998 22,376 122,101
Net Book Value
As at 31 March 2024 178,921 63,106 22,284 1,269 265,580
As at 1 April 2023 185,423 1,320 25,781 3,743 216,267
Cost or valuation as at 31 March 2024 represented by:
Land & Property
Freehold Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
At cost 225,427 88,327 50,282 23,645 387,681
225,427 88,327 50,282 23,645 387,681
6. Investment Property
2024
£
Fair Value
As at 1 April 2023 466,667
Additions 29,707
Disposals (2,233 )
Fair value adjustments 39,192
As at 31 March 2024 533,333
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7. Debtors
2024 2023
£ £
Due within one year
Trade debtors 18,097 11,902
Prepayments and accrued income 47,393 37,336
Directors' loan accounts 18,884 15,239
84,374 64,477
8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 6,285 -
Trade creditors 65,334 39,283
Bank loans and overdrafts 42,584 28,789
Other loans - 9,235
Corporation tax 25,246 34,337
Other taxes and social security 7,667 3,292
VAT 30,671 29,273
Other creditors 1,733 1,313
Accruals and deferred income 3,788 4,734
183,308 150,256
9. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 45,913 -
Bank loans 262,038 290,815
307,951 290,815
Of the creditors falling due after more than one year the following amounts are due after more than five years.
2024 2023
£ £
Bank loans 107,000 136,300
10. Secured Creditors
Of the creditors falling due within and after more than one year the following amounts are secured. The bank loans are secured on the land and buildings/investment properties shown on the balance sheet. There is a floating charge over all the property or undertaking of the company.
2024 2023
£ £
Bank loans and overdrafts 291,338 318,280
11. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
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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 29,499 32,952
Later than one year and not later than five years 84,076 82,384
Later than five years 1,300 16,896
114,875 132,232
13. 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
£ £ £ £ £
Mrs Lynette Cunningham 7,619 9,442 7,619 - 9,442
Mr Mark Cunningham 7,619 9,442 7,619 - 9,442
The above loan is unsecured, interest free and repayable on demand.
14. Reserves
Fair Value Reserve
£
As at 1 April 2023 8,645
Movements in fair value reserve 39,192
As at 31 March 2024 47,837
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