Acorah Software Products - Accounts Production 16.0.110 false true true 31 March 2023 1 April 2022 false 1 April 2023 31 March 2024 31 March 2024 11827494 Mr E Myers iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 11827494 2023-03-31 11827494 2024-03-31 11827494 2023-04-01 2024-03-31 11827494 frs-core:CurrentFinancialInstruments 2024-03-31 11827494 frs-core:MotorVehicles 2024-03-31 11827494 frs-core:MotorVehicles 2023-04-01 2024-03-31 11827494 frs-core:MotorVehicles 2023-03-31 11827494 frs-core:PlantMachinery 2024-03-31 11827494 frs-core:PlantMachinery 2023-04-01 2024-03-31 11827494 frs-core:PlantMachinery 2023-03-31 11827494 frs-core:WithinOneYear 2024-03-31 11827494 frs-core:ShareCapital 2024-03-31 11827494 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 11827494 frs-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 11827494 frs-bus:FilletedAccounts 2023-04-01 2024-03-31 11827494 frs-bus:SmallEntities 2023-04-01 2024-03-31 11827494 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 11827494 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 11827494 frs-bus:Director1 2023-04-01 2024-03-31 11827494 frs-bus:Director1 2023-03-31 11827494 frs-bus:Director1 2024-03-31 11827494 frs-countries:EnglandWales 2023-04-01 2024-03-31 11827494 2022-03-31 11827494 2023-03-31 11827494 2022-04-01 2023-03-31 11827494 frs-core:CurrentFinancialInstruments 2023-03-31 11827494 frs-core:WithinOneYear 2023-03-31 11827494 frs-core:ShareCapital 2023-03-31 11827494 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31
Registered number: 11827494
The Affiliate Marketing Advisor Limited
Unaudited Financial Statements
For The Year Ended 31 March 2024
Agile Accountants
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—4
Page 1
Balance Sheet
Registered number: 11827494
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 22,761 50,984
22,761 50,984
CURRENT ASSETS
Debtors 5 252,400 246,605
Cash at bank and in hand 48,880 83,018
301,280 329,623
Creditors: Amounts Falling Due Within One Year 6 (55,618 ) (108,587 )
NET CURRENT ASSETS (LIABILITIES) 245,662 221,036
TOTAL ASSETS LESS CURRENT LIABILITIES 268,423 272,020
PROVISIONS FOR LIABILITIES
Deferred Taxation (4,324 ) (9,687 )
NET ASSETS 264,099 262,333
CAPITAL AND RESERVES
Called up share capital 7 100 100
Profit and Loss Account 263,999 262,233
SHAREHOLDERS' FUNDS 264,099 262,333
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.
The financial statements were approved by the board of directors on 21 November 2024 and were signed on its behalf by:
Mr E Myers
Director
21 November 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
The Affiliate Marketing Advisor Limited is a private company, limited by shares, incorporated in England & Wales, registered number 11827494 . The registered office is 24-26 Izabella House, Regent Place, Birmingham, B1 3NJ.
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. Going Concern Disclosure
The company’s financial statements have been prepared on a going concern basis on the grounds that current and future sources of funding or support will be more than adequate for the company’s needs. In assessing going concern, the directors have a reasonable expectation that the company will continue as a going concern and is able to meet all of its obligations as they fall due for a minimum of 12 months from the date of approval of these financial statements.
2.3. Turnover
Turnover is recognised to the extent there is probable economic benefits will flow to the company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
Turnover from a contract to provide services is recognised in the period in which the services are provided.
2.4. Tangible Fixed Assets and Depreciation
Purchased intangible assets are initially recognised at cost. After recognition, intangible assets are measured at cost less any accumulated amortisation and impairment losses.
All intangible assets are considered to have a finite useful life. The estimated useful lives are as follows:
Plant & Machinery 20% on a reducing balance basis
Motor Vehicles 33% on a reducing balance basis
At each reporting date the company assesses whether there is any indication of impairment. If such indications exists, the recoverable amount of the asset is determined which is the higher of its fair value less costs to sell and its value in use. Any impairment loss is recognised immediately as an expense within profit or loss.
2.5. Leasing and Hire Purchase Contracts
Leases in which the company assumes substantially all the risks and rewards of ownership of the leased asset are classified as finance leases. All other leases are classified as operating leases.
Leased assets acquired by way of finance lease are stated on initial recognition at an amount equal to the lower of their fair value and the present value of the minimum lease payments at inception of the lease, including any incremental costs directly attributable to negotiating and arranging the lease. At initial recognition a finance lease liability is recognised equal to the fair value of the leased asset or, if lower, the present value of the minimum lease payments, calculated using the interest rate implicit in the lease.
Minimum lease payments are apportioned between the finance charge and the reduction of the outstanding liability using the rate implicit in the lease. The finance charge is allocated to each period during the lease term so as to produce a constant periodic rate of interest on the remaining balance of the liability. Contingent rents are charged as expenses in the periods in which they are incurred.
Payments (excluding costs for services and insurance) made under operating leases are recognised in the profit and loss account on a straight-line basis over the term of the lease unless the payments to the lessor are structured to increase in line with expected general inflation; in which case the payments related to the structured increases are recognised as incurred. Lease incentives received are recognised in profit and loss over the term of the lease an an integral part of the total lease expenses.
2.6. 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.
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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 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 and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
2.8. Pensions
The company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions in a separate entity. Once the contributions have been paid the company has no further payment obligations. The contributions are recognised as an expense in profit or loss in the periods during which services are rendered by employees.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 3 (2023: 3)
3 3
4. Tangible Assets
Plant & Machinery Motor Vehicles Total
£ £ £
Cost
As at 1 April 2023 30,632 48,619 79,251
Additions 5,522 - 5,522
Disposals - (48,619 ) (48,619 )
As at 31 March 2024 36,154 - 36,154
Depreciation
As at 1 April 2023 8,640 19,627 28,267
Provided during the period 4,753 - 4,753
Disposals - (19,627 ) (19,627 )
As at 31 March 2024 13,393 - 13,393
Net Book Value
As at 31 March 2024 22,761 - 22,761
As at 1 April 2023 21,992 28,992 50,984
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5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 23,674 12,063
Prepayments and accrued income 1,997 5,585
Corporation tax recoverable assets 12,354 12,354
Director's loan account 214,375 216,603
252,400 246,605
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts - 29,164
Trade creditors 144 11,956
Corporation tax 39,960 54,636
Other taxes and social security - 840
VAT 11,045 5,000
Other creditors 4,469 6,991
55,618 108,587
7. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
8. Other Commitments
The total of future minimum lease payments under non-cancellable operating leases are as following:
2024 2023
£ £
Not later than one year 20,415 -
20,415 -
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 Elliot Myers 216,603 - 2,228 - 214,375
The above loan is unsecured and repayable on demand. Interest is charged at HMRC's approved rate for the duration of this period. 
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