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 11468274 Mr Martin Smith iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 11468274 2023-12-31 11468274 2024-12-31 11468274 2024-01-01 2024-12-31 11468274 frs-core:CurrentFinancialInstruments 2024-12-31 11468274 frs-core:Non-currentFinancialInstruments 2024-12-31 11468274 frs-core:ComputerEquipment 2024-12-31 11468274 frs-core:ComputerEquipment 2024-01-01 2024-12-31 11468274 frs-core:ComputerEquipment 2023-12-31 11468274 frs-core:PlantMachinery 2024-12-31 11468274 frs-core:PlantMachinery 2024-01-01 2024-12-31 11468274 frs-core:PlantMachinery 2023-12-31 11468274 frs-core:ShareCapital 2024-12-31 11468274 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 11468274 frs-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 11468274 frs-bus:FilletedAccounts 2024-01-01 2024-12-31 11468274 frs-bus:SmallEntities 2024-01-01 2024-12-31 11468274 frs-bus:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 11468274 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 11468274 frs-bus:Director1 2024-01-01 2024-12-31 11468274 frs-bus:Director1 2023-12-31 11468274 frs-bus:Director1 2024-12-31 11468274 frs-countries:EnglandWales 2024-01-01 2024-12-31 11468274 2022-12-31 11468274 2023-12-31 11468274 2023-01-01 2023-12-31 11468274 frs-core:CurrentFinancialInstruments 2023-12-31 11468274 frs-core:Non-currentFinancialInstruments 2023-12-31 11468274 frs-core:ShareCapital 2023-12-31 11468274 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31
Registered number: 11468274
Ashp Asset Management Ltd
Financial Statements
For The Year Ended 31 December 2024
Prime Accountancy (Merseyside) Limited
64 Mill Lane
Liverpool
Merseyside
L12 7JB
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 11468274
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 1,050 1,575
1,050 1,575
CURRENT ASSETS
Debtors 5 203,250 142,822
Cash at bank and in hand 20,248 68,711
223,498 211,533
Creditors: Amounts Falling Due Within One Year 6 (40,158 ) (31,189 )
NET CURRENT ASSETS (LIABILITIES) 183,340 180,344
TOTAL ASSETS LESS CURRENT LIABILITIES 184,390 181,919
Creditors: Amounts Falling Due After More Than One Year 7 (213,375 ) (192,225 )
NET LIABILITIES (28,985 ) (10,306 )
CAPITAL AND RESERVES
Called up share capital 8 100 100
Profit and Loss Account (29,085 ) (10,406 )
SHAREHOLDERS' FUNDS (28,985) (10,306)
Page 1
Page 2
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 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 Martin Smith
Director
24/02/2025
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Ashp Asset Management Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 11468274 . The registered office is 4b Eagle Park Drive, Warrington, WA2 8JA.
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. 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 20%
Computer Equipment 33%
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2023: 6)
1 6
4. Tangible Assets
Plant & Machinery Computer Equipment Total
£ £ £
Cost
As at 1 January 2024 2,708 1,916 4,624
As at 31 December 2024 2,708 1,916 4,624
Depreciation
As at 1 January 2024 1,133 1,916 3,049
Provided during the period 525 - 525
As at 31 December 2024 1,658 1,916 3,574
Net Book Value
As at 31 December 2024 1,050 - 1,050
As at 1 January 2024 1,575 - 1,575
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Page 4
5. Debtors
2024 2023
£ £
Due within one year
Other debtors 203,250 142,822
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 5,185 5,186
Other creditors 873 1,224
Taxation and social security 34,100 24,779
40,158 31,189
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 186,830 163,680
Other loans 26,545 28,545
213,375 192,225
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
9. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 January 2024 Amounts advanced Amounts repaid Amounts written off As at 31 December 2024
£ £ £ £ £
Mr Martin Smith 37,224 - - - -
The above loan is unsecured, interest free and repayable on demand.
Page 4