Acorah Software Products - Accounts Production 16.1.300 false true 30 June 2023 1 July 2022 false 1 July 2023 30 June 2024 30 June 2024 08567142 Mr C M Thomas Mr D J Edwards Mr J F Evans iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 08567142 2023-06-30 08567142 2024-06-30 08567142 2023-07-01 2024-06-30 08567142 frs-core:CurrentFinancialInstruments 2024-06-30 08567142 frs-core:Non-currentFinancialInstruments 2024-06-30 08567142 frs-core:ComputerEquipment 2024-06-30 08567142 frs-core:ComputerEquipment 2023-07-01 2024-06-30 08567142 frs-core:ComputerEquipment 2023-06-30 08567142 frs-core:FurnitureFittings 2024-06-30 08567142 frs-core:FurnitureFittings 2023-07-01 2024-06-30 08567142 frs-core:FurnitureFittings 2023-06-30 08567142 frs-core:OtherResidualIntangibleAssets 2024-06-30 08567142 frs-core:OtherResidualIntangibleAssets 2023-07-01 2024-06-30 08567142 frs-core:OtherResidualIntangibleAssets 2023-06-30 08567142 frs-core:ShareCapital 2024-06-30 08567142 frs-core:RetainedEarningsAccumulatedLosses 2024-06-30 08567142 frs-bus:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 08567142 frs-bus:FilletedAccounts 2023-07-01 2024-06-30 08567142 frs-bus:SmallEntities 2023-07-01 2024-06-30 08567142 frs-bus:AuditExempt-NoAccountantsReport 2023-07-01 2024-06-30 08567142 frs-bus:SmallCompaniesRegimeForAccounts 2023-07-01 2024-06-30 08567142 frs-bus:Director1 2023-07-01 2024-06-30 08567142 frs-bus:Director2 2023-07-01 2024-06-30 08567142 frs-bus:Director3 2023-07-01 2024-06-30 08567142 frs-countries:EnglandWales 2023-07-01 2024-06-30 08567142 2022-06-30 08567142 2023-06-30 08567142 2022-07-01 2023-06-30 08567142 frs-core:CurrentFinancialInstruments 2023-06-30 08567142 frs-core:Non-currentFinancialInstruments 2023-06-30 08567142 frs-core:ShareCapital 2023-06-30 08567142 frs-core:RetainedEarningsAccumulatedLosses 2023-06-30
Registered number: 08567142
SME Finance Partners Limited
Unaudited Financial Statements
For The Year Ended 30 June 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 08567142
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 100 -
Tangible Assets 5 7,474 8,342
7,574 8,342
CURRENT ASSETS
Debtors 6 277,343 376,337
Cash at bank and in hand 306,819 332,504
584,162 708,841
Creditors: Amounts Falling Due Within One Year 7 (237,346 ) (368,763 )
NET CURRENT ASSETS (LIABILITIES) 346,816 340,078
TOTAL ASSETS LESS CURRENT LIABILITIES 354,390 348,420
Creditors: Amounts Falling Due After More Than One Year 8 (9,899 ) (19,911 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (1,420 ) (1,585 )
NET ASSETS 343,071 326,924
CAPITAL AND RESERVES
Called up share capital 9 300 300
Profit and Loss Account 342,771 326,624
SHAREHOLDERS' FUNDS 343,071 326,924
Page 1
Page 2
For the year ending 30 June 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 C M Thomas
Director
14/03/2025
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
SME Finance Partners Limited is a private company, limited by shares, incorporated in England & Wales, registered number 08567142 . The registered office is Henstaff Court, Llantrisant Road, Cardiff, CF72 8NG.

The company's functional currency in the financial statements is the Sterling (£), rounded to the nearest pound.
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. 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% Reducing Balance
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 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: 9 (2023: 8)
9 8
Page 3
Page 4
4. Intangible Assets
Other
£
Cost
As at 1 July 2023 -
Additions 60,400
Disposals (60,300 )
As at 30 June 2024 100
Net Book Value
As at 30 June 2024 100
As at 1 July 2023 -
5. Tangible Assets
Fixtures & Fittings Computer Equipment Total
£ £ £
Cost
As at 1 July 2023 10,916 23,638 34,554
Additions - 1,623 1,623
As at 30 June 2024 10,916 25,261 36,177
Depreciation
As at 1 July 2023 9,898 16,314 26,212
Provided during the period 255 2,236 2,491
As at 30 June 2024 10,153 18,550 28,703
Net Book Value
As at 30 June 2024 763 6,711 7,474
As at 1 July 2023 1,018 7,324 8,342
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 248,023 250,354
Amounts owed by participating interests 3,100 113,200
Other debtors 26,220 12,783
277,343 376,337
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 118,420 89,170
Bank loans and overdrafts 10,014 10,014
Other creditors 13,004 119,658
Taxation and social security 95,908 149,921
237,346 368,763
Page 4
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8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 9,899 19,911
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 300 300
Page 5