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Registered number: 08364951
Aletheia Wealth Limited
Director's Report and
Unaudited Financial Statements
For the Period 1 February 2024 to 10 January 2025
Mazuma
Contents
Page
Company Information 1
Director's Report 2
Accountant's Report 3
Profit and Loss Account 4
Balance Sheet 5—6
Notes to the Financial Statements 7—9
Page 1
Company Information
Director Esther Lewis
Company Number 08364951
Registered Office Floors 1 - 3 116 Brompton Road
Knightsbridge
London
SW3 1JJ
Accountants Mazuma
Dragon House
Princes Way
Bridgend
Bridgend
CF31 3AQ
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Page 2
Director's Report
The director presents her report and the financial statements for the period ended 10 January 2025.
Directors
The director who held office during the period were as follows:
Esther Lewis
Statement of Director's Responsibilities
The director is responsible for preparing the Director's Report and the financial statements in accordance with applicable law and regulations.
Company law requires the director to prepare financial statements for each financial year. Under that law the director has elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the director must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing the financial statements the director is required to:
  • select suitable accounting policies and then apply them consistently;
  • make judgments and accounting estimates that are reasonable and prudent;
  • prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.
The director is responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. She is also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The director is responsible for the maintenance and integrity of the corporate and financial information included on the company's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.
Small Company Rules
This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
On behalf of the board
Esther Lewis
Director
10/01/2025
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Accountant's Report
Report of the Accountant to the director of Aletheia Wealth Limited
These financial statements have been prepared in accordance with our terms of engagement and in order to assist you to fulfil your duties under the Companies Acts that relate to preparing the financial statements of the company for the period ended 10 January 2025.
We have prepared these financial statements based on the accounting records, information and explanations provided by you. We do not express any opinion on the financial statements.
On the Balance Sheet you have acknowledged your duties under the prevailing Companies Acts to ensure that the company keeps adequate accounting records and prepares financial statements that give “a true and fair view”.
You have determined that the company is exempt from the statutory requirement for an audit for this accounting period. Therefore, the financial statements are unaudited.
The financial statements are provided exclusively to the director for the limited purpose mentioned above, and may not be used or relied upon for any other purpose or by any other person, and we shall not be liable for any other usage or reliance.
Signed
10/01/2025
Mazuma
Dragon House
Princes Way
Bridgend
Bridgend
CF31 3AQ
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Page 4
Profit and Loss Account
10 January 2025 31 January 2024
Notes £ £
TURNOVER 50,153 51,424
GROSS PROFIT 50,153 51,424
Administrative expenses (49,471 ) (50,803 )
OPERATING PROFIT 682 621
Other interest receivable and similar income 332 283
Interest payable and similar charges (248 ) (904 )
PROFIT BEFORE TAXATION 766 -
Tax on Profit (128 ) (1,724 )
PROFIT/(LOSS) AFTER TAXATION BEING PROFIT/(LOSS) FOR THE FINANCIAL PERIOD 638 (1,724 )
The notes on pages 7 to 9 form part of these financial statements.
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Page 5
Balance Sheet
10 January 2025 31 January 2024
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 - 7,246
Tangible Assets 5 - 184
- 7,430
CURRENT ASSETS
Cash at bank and in hand - 28,326
- 28,326
Creditors: Amounts Falling Due Within One Year 7 (1,085 ) (6,253 )
NET CURRENT ASSETS (LIABILITIES) (1,085 ) 22,073
TOTAL ASSETS LESS CURRENT LIABILITIES (1,085 ) 29,503
Creditors: Amounts Falling Due After More Than One Year 8 - (29,814 )
PROVISIONS FOR LIABILITIES
Deferred Taxation - (1,412 )
NET LIABILITIES (1,085 ) (1,723 )
CAPITAL AND RESERVES
Called up share capital 9 1 1
Profit and Loss Account (1,086 ) (1,724 )
SHAREHOLDERS' FUNDS (1,085) (1,723)
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For the period ending 10 January 2025 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 her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
On behalf of the board
Esther Lewis
Director
10/01/2025
The notes on pages 7 to 9 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Aletheia Wealth Limited is a private company, limited by shares, incorporated in England & Wales, registered number 08364951 . The registered office is Floors 1 - 3 116 Brompton Road, Knightsbridge, London, SW3 1JJ.
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 .... 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:
Plant & Machinery Over 4 years
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. 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 period, 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.
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3. Average Number of Employees
Average number of employees, including directors, during the period was: 1 (2024: 1)
1 1
4. Intangible Assets
Goodwill
£
Cost
As at 1 February 2024 9,661
Disposals (7,246 )
As at 10 January 2025 2,415
Amortisation
As at 1 February 2024 2,415
Provided during the period 966
Disposals (966 )
As at 10 January 2025 2,415
Net Book Value
As at 10 January 2025 -
As at 1 February 2024 7,246
5. Tangible Assets
Plant & Machinery
£
Cost
As at 1 February 2024 5,387
Additions 603
Disposals (5,990 )
As at 10 January 2025 -
Depreciation
As at 1 February 2024 5,203
Provided during the period 92
Disposals (5,295 )
As at 10 January 2025 -
Net Book Value
As at 10 January 2025 -
As at 1 February 2024 184
6. Debtors
10 January 2025 31 January 2024
£ £
Due within one year
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7. Creditors: Amounts Falling Due Within One Year
10 January 2025 31 January 2024
£ £
Trade creditors (1 ) (1 )
Other creditors 1,086 5,889
Taxation and social security - 365
1,085 6,253
8. Creditors: Amounts Falling Due After More Than One Year
10 January 2025 31 January 2024
£ £
Other loans - 3,938
Other creditors - 25,876
- 29,814
9. Share Capital
10 January 2025 31 January 2024
£ £
Allotted, Called up and fully paid 1 1
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