Acorah Software Products - Accounts Production 16.1.300 false true true 31 December 2023 1 January 2023 false 1 January 2024 31 December 2024 31 December 2024 03666971 Mr Robert Flintan Mr Antony Howe Mr Robert Flintan The Old Oast Coldharbour Lane, Aylesford, Kent, ME20 7NS true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 03666971 2023-12-31 03666971 2024-12-31 03666971 2024-01-01 2024-12-31 03666971 frs-core:CurrentFinancialInstruments 2024-12-31 03666971 frs-core:Non-currentFinancialInstruments 2024-12-31 03666971 frs-core:BetweenOneFiveYears 2024-12-31 03666971 frs-core:ComputerEquipment 2024-12-31 03666971 frs-core:ComputerEquipment 2024-01-01 2024-12-31 03666971 frs-core:ComputerEquipment 2023-12-31 03666971 frs-core:FurnitureFittings 2024-12-31 03666971 frs-core:FurnitureFittings 2024-01-01 2024-12-31 03666971 frs-core:FurnitureFittings 2023-12-31 03666971 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-12-31 03666971 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 03666971 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-12-31 03666971 frs-core:MotorVehicles 2024-12-31 03666971 frs-core:MotorVehicles 2024-01-01 2024-12-31 03666971 frs-core:MotorVehicles 2023-12-31 03666971 frs-core:WithinOneYear 2024-12-31 03666971 frs-core:CapitalRedemptionReserve 2024-12-31 03666971 frs-core:ShareCapital 2024-12-31 03666971 frs-core:RetainedEarningsAccumulatedLosses 2024-01-01 2024-12-31 03666971 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 03666971 frs-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 03666971 frs-bus:FilletedAccounts 2024-01-01 2024-12-31 03666971 frs-bus:SmallEntities 2024-01-01 2024-12-31 03666971 frs-bus:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 03666971 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 03666971 1 2024-01-01 2024-12-31 03666971 frs-bus:Director1 2024-01-01 2024-12-31 03666971 frs-bus:Director1 2023-12-31 03666971 frs-bus:Director1 2024-12-31 03666971 frs-bus:Director2 2024-01-01 2024-12-31 03666971 frs-bus:Director2 2023-12-31 03666971 frs-bus:Director2 2024-12-31 03666971 frs-bus:CompanySecretary1 2024-01-01 2024-12-31 03666971 frs-countries:EnglandWales 2024-01-01 2024-12-31 03666971 2022-12-31 03666971 2023-12-31 03666971 2023-01-01 2023-12-31 03666971 frs-core:CurrentFinancialInstruments 2023-12-31 03666971 frs-core:Non-currentFinancialInstruments 2023-12-31 03666971 frs-core:BetweenOneFiveYears 2023-12-31 03666971 frs-core:MotorVehicles 2023-01-01 2023-12-31 03666971 frs-core:WithinOneYear 2023-12-31 03666971 frs-core:CapitalRedemptionReserve 2022-12-31 03666971 frs-core:CapitalRedemptionReserve 2023-12-31 03666971 frs-core:ShareCapital 2022-12-31 03666971 frs-core:ShareCapital 2023-12-31 03666971 frs-core:RetainedEarningsAccumulatedLosses 2023-01-01 2023-12-31 03666971 frs-core:RetainedEarningsAccumulatedLosses frs-core:PreviouslyStatedAmount 2022-12-31 03666971 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31
Registered number: 03666971
Sterling Capital Finance (South East) Limited
Unaudited Financial Statements
For The Year Ended 31 December 2024
Brisan Accountancy Ltd
Canada House, First Floor, 20/20 Business Park
Maidstone
Kent
ME16 0LS
Contents
Page
Balance Sheet 1—2
Statement of Changes in Equity 3
Notes to the Financial Statements 4—7
Page 1
Balance Sheet
Registered number: 03666971
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 571,372 576,290
571,372 576,290
CURRENT ASSETS
Debtors 5 85,847 91,306
Cash at bank and in hand 366,538 380,424
452,385 471,730
Creditors: Amounts Falling Due Within One Year 6 (143,692 ) (114,104 )
NET CURRENT ASSETS (LIABILITIES) 308,693 357,626
TOTAL ASSETS LESS CURRENT LIABILITIES 880,065 933,916
Creditors: Amounts Falling Due After More Than One Year 7 (136,254 ) (143,803 )
PROVISIONS FOR LIABILITIES
Deferred Taxation 9 (10,277 ) (7,904 )
NET ASSETS 733,534 782,209
CAPITAL AND RESERVES
Called up share capital 10 4,400 4,400
Capital redemption reserve 5,700 5,700
Profit and Loss Account 723,434 772,109
SHAREHOLDERS' FUNDS 733,534 782,209
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 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 Robert Flintan
Director
Mr Antony Howe
Director
11 February 2025
The notes on pages 4 to 7 form part of these financial statements.
Page 2
Page 3
Statement of Changes in Equity
Share Capital Capital Redemption Profit and Loss Account Total
£ £ £ £
As at 1 January 2023 4,400 5,700 613,477 623,577
Profit for the year and total comprehensive income - - 200,157 200,157
Dividends paid - - (41,525) (41,525)
As at 31 December 2023 and 1 January 2024 4,400 5,700 772,109 782,209
Profit for the year and total comprehensive income - - 184,008 184,008
Dividends paid - - (232,683) (232,683)
As at 31 December 2024 4,400 5,700 723,434 733,534
Page 3
Page 4
Notes to the Financial Statements
1. General Information
Sterling Capital Finance (South East) Limited is a private company, limited by shares, incorporated in England & Wales, registered number 03666971 . The registered office is The Old Oast Coldharbour Lane, Aylesford, Kent, ME20 7NS.
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. Going Concern Disclosure
The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.
2.3. 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.
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.
2.4. 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:
Freehold No depreciation
Motor Vehicles No depreciation
Fixtures & Fittings 25% reducing balance
Computer Equipment 25% reducing balance
2.5. Leasing and Hire Purchase Contracts
Assets obtained under hire purchase contracts and finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives.

Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
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Page 5
2.6. 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.
2.7. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 4 (2023: 4)
4 4
4. Tangible Assets
Land & Property
Freehold Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 January 2024 510,120 72,250 43,553 20,029 645,952
As at 31 December 2024 510,120 72,250 43,553 20,029 645,952
Depreciation
As at 1 January 2024 - 9,656 43,129 16,877 69,662
Provided during the period - 4,024 106 788 4,918
As at 31 December 2024 - 13,680 43,235 17,665 74,580
Net Book Value
As at 31 December 2024 510,120 58,570 318 2,364 571,372
As at 1 January 2024 510,120 62,594 424 3,152 576,290
Included above are assets held under finance leases or hire purchase contracts with a net book value as follows:
2024 2023
£ £
Motor Vehicles 12,070 16,094
Page 5
Page 6
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors - (1,946 )
Prepayments and accrued income 9,910 8,688
Other debtors - 8,500
VAT - 5,000
Amounts owed by group undertakings 75,464 71,064
Amounts owed by associates 473 -
85,847 91,306
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 2,925 2,417
Trade creditors 4,898 6,343
Bank loans and overdrafts 4,493 4,366
Corporation tax 63,778 63,029
Other taxes and social security 2,439 2,009
VAT 394 -
Net wages 1,635 860
Other creditors 16,465 25,353
Accruals and deferred income 30,000 9,607
Directors' loan accounts 16,665 120
143,692 114,104
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 13,368 16,293
Bank loans 122,886 127,510
136,254 143,803
8. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year 3,411 2,417
Later than one year and not later than five years 13,421 16,293
16,832 18,710
Less: Finance charges allocated to future periods 539 -
16,293 18,710
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Page 7
9. Deferred Taxation
The provision for deferred tax is made up as follows:
2024 2023
£ £
Other timing differences 10,277 7,904
10. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 4,400 4,400
11. Directors Advances, Credits and Guarantees
Included within Creditors are the following loans to directors:
As at 1 January 2024 Amounts advanced Amounts repaid Amounts written off As at 31 December 2024
£ £ £ £ £
Mr Robert Flintan 31 - 16,621 - 16,652
Mr Antony Howe 89 90,076 90,000 - 13
The above loan is unsecured, interest free and repayable on demand and ranks equally with other unsecured creditors of the company
12. Related Party Transactions
At the year end the company was owed £75,464 (2023: £71,064) by the parent company and £473 by associated companies.
13. Ultimate Parent Undertaking and Controlling Party
The company's immediate and ultimate parent undertaking is SCF Investments Ltd . SCF Investments Ltd was incorporated in England & Wales. Copies of the group accounts may be obtained from the secretary, The Old Oast Coldharbour Lane, Aylesford, Kent, ME20 7NS . The ultimate controlling party is who controls 100% of the shares of Sterling Capital Finance (South East) Limited .
The ultimate controlling party is A Howe whom controls 60% of the shares of the holding company.
Page 7