Acorah Software Products - Accounts Production 16.1.300 false true 30 April 2023 1 May 2022 false 1 May 2023 30 April 2024 30 April 2024 04245153 Mr Azid Sohoye iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 04245153 2023-04-30 04245153 2024-04-30 04245153 2023-05-01 2024-04-30 04245153 frs-core:CurrentFinancialInstruments 2024-04-30 04245153 frs-core:Non-currentFinancialInstruments 2024-04-30 04245153 frs-core:ComputerEquipment 2024-04-30 04245153 frs-core:ComputerEquipment 2023-05-01 2024-04-30 04245153 frs-core:ComputerEquipment 2023-04-30 04245153 frs-core:FurnitureFittings 2024-04-30 04245153 frs-core:FurnitureFittings 2023-05-01 2024-04-30 04245153 frs-core:FurnitureFittings 2023-04-30 04245153 frs-core:NetGoodwill 2024-04-30 04245153 frs-core:NetGoodwill 2023-05-01 2024-04-30 04245153 frs-core:NetGoodwill 2023-04-30 04245153 frs-core:ShareCapital 2024-04-30 04245153 frs-core:RetainedEarningsAccumulatedLosses 2024-04-30 04245153 frs-bus:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 04245153 frs-bus:FilletedAccounts 2023-05-01 2024-04-30 04245153 frs-bus:SmallEntities 2023-05-01 2024-04-30 04245153 frs-bus:AuditExempt-NoAccountantsReport 2023-05-01 2024-04-30 04245153 frs-bus:SmallCompaniesRegimeForAccounts 2023-05-01 2024-04-30 04245153 frs-bus:Director1 2023-05-01 2024-04-30 04245153 frs-countries:EnglandWales 2023-05-01 2024-04-30 04245153 2022-04-30 04245153 2023-04-30 04245153 2022-05-01 2023-04-30 04245153 frs-core:CurrentFinancialInstruments 2023-04-30 04245153 frs-core:Non-currentFinancialInstruments 2023-04-30 04245153 frs-core:ShareCapital 2023-04-30 04245153 frs-core:RetainedEarningsAccumulatedLosses 2023-04-30
Registered number: 04245153
1st Class Lettings Limited
Unaudited Financial Statements
For The Year Ended 30 April 2024
Inspire Accounting (UK) Ltd
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 04245153
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 51,000 59,500
Tangible Assets 5 2,684 -
53,684 59,500
CURRENT ASSETS
Debtors 6 99,023 84,813
Cash at bank and in hand 84,833 62,708
183,856 147,521
Creditors: Amounts Falling Due Within One Year 7 (87,929 ) (93,026 )
NET CURRENT ASSETS (LIABILITIES) 95,927 54,495
TOTAL ASSETS LESS CURRENT LIABILITIES 149,611 113,995
Creditors: Amounts Falling Due After More Than One Year 8 (17,280 ) (25,256 )
NET ASSETS 132,331 88,739
CAPITAL AND RESERVES
Called up share capital 9 100 100
Profit and Loss Account 132,231 88,639
SHAREHOLDERS' FUNDS 132,331 88,739
Page 1
Page 2
For the year ending 30 April 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 Azid Sohoye
Director
27/08/2024
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
1st Class Lettings Limited is a private company, limited by shares, incorporated in England & Wales, registered number 04245153 . The registered office is c/o Ellis & Co, 26 West Green Road, London, N15 5NT.
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. 
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 10 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:
Fixtures & Fittings 25%
Computer Equipment 25%
2.5. Taxation
Income tax expense represents the sum of the tax currently payable.
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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 9 (2023: 7)
9 7
4. Intangible Assets
Goodwill
£
Cost
As at 1 May 2023 85,000
As at 30 April 2024 85,000
Amortisation
As at 1 May 2023 25,500
Provided during the period 8,500
As at 30 April 2024 34,000
Net Book Value
As at 30 April 2024 51,000
As at 1 May 2023 59,500
Page 3
Page 4
5. Tangible Assets
Fixtures & Fittings Computer Equipment Total
£ £ £
Cost
As at 1 May 2023 12,736 15,827 28,563
Additions - 3,578 3,578
As at 30 April 2024 12,736 19,405 32,141
Depreciation
As at 1 May 2023 12,736 15,827 28,563
Provided during the period - 894 894
As at 30 April 2024 12,736 16,721 29,457
Net Book Value
As at 30 April 2024 - 2,684 2,684
As at 1 May 2023 - - -
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 51,652 14,876
Prepayments and accrued income 15,933 22,375
Other debtors 1,108 910
Amounts owed by associates - 46,652
68,693 84,813
Due after more than one year
Trade debtors 30,330 -
99,023 84,813
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 29,617 33,967
Corporation tax 17,625 12,448
Other taxes and social security 2,347 1,904
VAT 15,878 20,182
Other creditors 3,801 1,745
Accruals and deferred income 18,661 22,780
87,929 93,026
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 17,280 25,256
Page 4
Page 5
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
Page 5