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 07777657 Mr Timothy Harrison iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 07777657 2023-03-31 07777657 2024-03-31 07777657 2023-04-01 2024-03-31 07777657 frs-core:CurrentFinancialInstruments 2024-03-31 07777657 frs-core:Non-currentFinancialInstruments 2024-03-31 07777657 frs-core:ComputerEquipment 2023-04-01 2024-03-31 07777657 frs-core:ShareCapital 2024-03-31 07777657 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 07777657 frs-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 07777657 frs-bus:FilletedAccounts 2023-04-01 2024-03-31 07777657 frs-bus:SmallEntities 2023-04-01 2024-03-31 07777657 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 07777657 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 07777657 frs-bus:Director1 2023-04-01 2024-03-31 07777657 frs-countries:EnglandWales 2023-04-01 2024-03-31 07777657 2022-03-31 07777657 2023-03-31 07777657 2022-04-01 2023-03-31 07777657 frs-core:CurrentFinancialInstruments 2023-03-31 07777657 frs-core:Non-currentFinancialInstruments 2023-03-31 07777657 frs-core:ShareCapital 2023-03-31 07777657 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31
Registered number: 07777657
Affinity Telco Ltd
Unaudited Financial Statements
For The Year Ended 31 March 2024
Contents
Page
Statement of Financial Position 1—2
Notes to the Financial Statements 3—4
Page 1
Statement of Financial Position
Registered number: 07777657
2024 2023
Notes £ £ £ £
FIXED ASSETS
CURRENT ASSETS
Debtors 4 1,288 61,323
Cash at bank and in hand - 1,807
1,288 63,130
Creditors: Amounts Falling Due Within One Year 5 (30,479 ) (48,250 )
NET CURRENT ASSETS (LIABILITIES) (29,191 ) 14,880
TOTAL ASSETS LESS CURRENT LIABILITIES (29,191 ) 14,880
Creditors: Amounts Falling Due After More Than One Year 6 (32,417 ) (27,500 )
NET LIABILITIES (61,608 ) (12,620 )
CAPITAL AND RESERVES
Called up share capital 7 250 250
Income Statement (61,858 ) (12,870 )
SHAREHOLDERS' FUNDS (61,608) (12,620)
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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 Income Statement.
On behalf of the board
Mr Timothy Harrison
Director
22 November 2024
The notes on pages 3 to 4 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Affinity Telco Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 07777657 . The registered office is The Octagon, Wells Road, Ilkley, LS29 9JB.
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
When preparing the financial statey to continue as a going concern. The company is considered a going concern as the directors have no intention to liquidate the company or to cease trading. In assessing whethments, the directors have made an assessment of the company's abiliter the going concern assumption is appropriate, the directors have taken into account all available information about the future, which is at least, but is not limited to, twelve months from the date when the financial statements are authorised for issue. The board is committed to the success of the company in the following twelve months, and where necessary will endeavour to support the company with all means at their disposal to ensure its continuity.  Therefore the directors still believe it is appropriate to prepare the accounts on a going concern basis.
2.3. 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:
Computer Equipment 25% reducing balance
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: 3 (2023: 3)
3 3
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4. Debtors
2024 2023
£ £
Due within one year
Amounts due to associated undertakings - 61,220
Other debtors 1,288 103
1,288 61,323
5. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors - 510
Bank loans and overdrafts - 10,000
Other creditors 15,922 17,080
Taxation and social security 14,557 20,660
30,479 48,250
6. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 32,417 27,500
7. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 250 250
8. Related Party Transactions
Debtors includes the following amounts due to associated undertakings:
Communico Telecom Limited £0 (2023: £61,220 ) 
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