Acorah Software Products - Accounts Production 16.1.300 false true 31 December 2023 1 January 2023 false 1 January 2024 31 December 2024 31 December 2024 11204128 Mr Alun Booth Mr Nicholas Pattenden Mr Alun Booth iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 11204128 2023-12-31 11204128 2024-12-31 11204128 2024-01-01 2024-12-31 11204128 frs-core:CurrentFinancialInstruments 2024-12-31 11204128 frs-core:ShareCapital 2024-12-31 11204128 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 11204128 frs-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 11204128 frs-bus:FilletedAccounts 2024-01-01 2024-12-31 11204128 frs-bus:SmallEntities 2024-01-01 2024-12-31 11204128 frs-bus:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 11204128 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 11204128 frs-bus:Director1 2024-01-01 2024-12-31 11204128 frs-bus:Director2 2024-01-01 2024-12-31 11204128 frs-bus:CompanySecretary1 2024-01-01 2024-12-31 11204128 frs-countries:EnglandWales 2024-01-01 2024-12-31 11204128 2022-12-31 11204128 2023-12-31 11204128 2023-01-01 2023-12-31 11204128 frs-core:CurrentFinancialInstruments 2023-12-31 11204128 frs-core:ShareCapital 2023-12-31 11204128 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31
Registered number: 11204128
Finance Pricing Solutions Limited
Unaudited Financial Statements
For The Year Ended 31 December 2024
Integrity Tax & Accountancy Solutions Limited
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—3
Page 1
Balance Sheet
Registered number: 11204128
2024 2023
Notes £ £ £ £
CURRENT ASSETS
Debtors 4 245 1,980
Cash at bank and in hand 158,613 215,110
158,858 217,090
Creditors: Amounts Falling Due Within One Year 5 6,972 (12,152 )
NET CURRENT ASSETS (LIABILITIES) 165,830 204,938
TOTAL ASSETS LESS CURRENT LIABILITIES 165,830 204,938
NET ASSETS 165,830 204,938
CAPITAL AND RESERVES
Called up share capital 6 100 100
Profit and Loss Account 165,730 204,838
SHAREHOLDERS' FUNDS 165,830 204,938
For the year ending 31 December 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
Mr Alun Booth
Director
16/02/2025
The notes on pages 2 to 3 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
Finance Pricing Solutions Limited is a private company, limited by shares, incorporated in England & Wales, registered number 11204128 . The registered office is 71 Hardwick Lane, Bury St. Edmunds, Suffolk, IP33 2RA.
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.
2.3. Financial Instruments
The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments. Financial instruments are recognised in the Company's statement of financial position when the company becomes party to the contractual provisions of the instrument. Financial assets and liabilities are offset and the net amounts presented in the financial statements where there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.
Impairment of financial assets
Financial assets, other than those held at fair value through profit and loss, are assessed for indicators of impairment at each reporting end date. Financial assets are impaired where there is objective evidence that, as a result of one or more events that occurred after the initial recognition of the financial asset, the estimated future cash flows have been affected. If an asset is impaired, the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset’s original effective interest rate. The impairment loss is
recognised in profit or loss. If there is a decrease in the impairment loss arising from an event occurring after the impairment was recognised, the impairment is reversed. The reversal is such that the current carrying amount does not exceed what the carrying amount would have been, had the impairment not previously been recognised. The impairment reversal is recognised in profit or loss.
Classification of financial liabilities
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
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.
...CONTINUED
Page 2
Page 3
2.4. Taxation - continued
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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 2)
2 2
4. Debtors
2024 2023
£ £
Due within one year
Trade debtors 245 1,980
5. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 1 351
Other creditors 1,200 -
Taxation and social security (8,173 ) 11,801
(6,972 ) 12,152
6. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
Page 3