Acorah Software Products - Accounts Production 16.1.300 false true 29 February 2024 1 March 2023 false 1 March 2024 28 February 2025 28 February 2025 08898751 Mr. L M Keshwalla Mrs M L Keshwalla iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 08898751 2024-02-29 08898751 2025-02-28 08898751 2024-03-01 2025-02-28 08898751 frs-core:ComputerEquipment 2024-03-01 2025-02-28 08898751 frs-core:FurnitureFittings 2024-03-01 2025-02-28 08898751 frs-core:MotorVehicles 2024-03-01 2025-02-28 08898751 frs-core:ShareCapital 2025-02-28 08898751 frs-core:RetainedEarningsAccumulatedLosses 2025-02-28 08898751 frs-bus:PrivateLimitedCompanyLtd 2024-03-01 2025-02-28 08898751 frs-bus:AbridgedAccounts 2024-03-01 2025-02-28 08898751 frs-bus:SmallEntities 2024-03-01 2025-02-28 08898751 frs-bus:AuditExempt-NoAccountantsReport 2024-03-01 2025-02-28 08898751 frs-bus:SmallCompaniesRegimeForAccounts 2024-03-01 2025-02-28 08898751 frs-bus:Director1 2024-03-01 2025-02-28 08898751 frs-bus:Director2 2024-03-01 2025-02-28 08898751 frs-countries:EnglandWales 2024-03-01 2025-02-28 08898751 2023-02-28 08898751 2024-02-29 08898751 2023-03-01 2024-02-29 08898751 frs-core:ShareCapital 2024-02-29 08898751 frs-core:RetainedEarningsAccumulatedLosses 2024-02-29
Registered number: 08898751
Alastair House Limited
Unaudited ABRIDGED Financial Statements
For The Year Ended 28 February 2025
Contents
Page
Abridged Balance Sheet 1—2
Notes to the Abridged Financial Statements 3—5
Page 1
Abridged Balance Sheet
Registered number: 08898751
2025 2024
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 20,000 20,000
Tangible Assets 5 13,208 13,752
33,208 33,752
CURRENT ASSETS
Debtors 57,937 30,819
Cash at bank and in hand 164,045 84,298
221,982 115,117
Creditors: Amounts Falling Due Within One Year (111,214 ) (45,450 )
NET CURRENT ASSETS (LIABILITIES) 110,768 69,667
TOTAL ASSETS LESS CURRENT LIABILITIES 143,976 103,419
PROVISIONS FOR LIABILITIES
Deferred Taxation 6 (2,782 ) -
NET ASSETS 141,194 103,419
CAPITAL AND RESERVES
Called up share capital 7 100 100
Profit and Loss Account 141,094 103,319
SHAREHOLDERS' FUNDS 141,194 103,419
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For the year ending 28 February 2025 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.
All of the company's members have consented to the preparation of an Abridged Balance Sheet for the year end 28 February 2025 in accordance with section 444(2A) of the Companies Act 2006.
On behalf of the board
Mr. L M Keshwalla
Director
17 March 2025
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Abridged Financial Statements
1. General Information
Alastair House Limited is a private company, limited by shares, incorporated in England & Wales, registered number 08898751 . The registered office is 15 Foryd Road, Kinmel Bay, Rhyl, Denbighshire, LL18 5BA.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
For the current financial year, the company has transitioned from FRS 105 (The Financial Reporting Standard applicable to Micro-Entities) to FRS 102, Section 1A (Small Entities) as it no longer qualifies as a micro-entity under the Companies Act 2006.
These 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.
The transition has resulted in changes to accounting policies and financial statement presentation, as outlined below.
Impact of Transition on Financial Statements
The key changes arising from the transition to FRS 102 are as follows:
Deferred Tax Recognition:
Under FRS 105, deferred tax was not recognised.
Under FRS 102, deferred tax liabilities have been recognised in respect of timing differences on capital allowances and other temporary differences.
As a result, a deferred tax liability of £2,782 has been recorded in the balance sheet, with a corresponding charge to the profit and loss account. 
Reclassification of Certain Balances:
Certain financial statement captions have been reclassified to align with FRS 102, including the presentation of fixed assets, intangible assets, and financial instruments.
Additional Disclosures:
Under FRS 102, additional narrative and numerical disclosures have been provided in the notes to the accounts, including disclosures on directors’ remuneration, related party transactions, and financial instruments.
Comparative Figures
The prior year’s financial statements, previously prepared under FRS 105, have been restated where necessary to reflect the new accounting policies under FRS 102.
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.
Revenue recognition
Revenue is recognized in the period in which services are provided. Income received in advance for services relating to future periods is deferred and recognized in the period in which the service is performed.
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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:
Motor Vehicles 15% reduced balance method
Fixtures & Fittings 15% reduced balance method
Computer Equipment 55% reduced balance method
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: 21 (2024: 21)
21 21
4. Intangible Assets
Total
£
Cost
As at 1 March 2024 20,000
As at 28 February 2025 20,000
Net Book Value
As at 28 February 2025 20,000
As at 1 March 2024 20,000
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5. Tangible Assets
Total
£
Cost
As at 1 March 2024 39,610
Additions 2,119
As at 28 February 2025 41,729
Depreciation
As at 1 March 2024 25,858
Provided during the period 2,663
As at 28 February 2025 28,521
Net Book Value
As at 28 February 2025 13,208
As at 1 March 2024 13,752
6. Deferred Taxation
The provision for deferred tax is made up as follows:
Temporary differences arising from the difference between the net book value and the written-down value of qualifying assets.
2025 2024
£ £
Other timing differences 2,782 -
7. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 100 100
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