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 12374059 Mr Tony Errington Mrs Nicola Errington iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 12374059 2023-12-31 12374059 2024-12-31 12374059 2024-01-01 2024-12-31 12374059 frs-core:CurrentFinancialInstruments 2024-12-31 12374059 frs-core:ComputerEquipment 2024-12-31 12374059 frs-core:ComputerEquipment 2024-01-01 2024-12-31 12374059 frs-core:ComputerEquipment 2023-12-31 12374059 frs-core:ShareCapital 2024-12-31 12374059 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 12374059 frs-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 12374059 frs-bus:FilletedAccounts 2024-01-01 2024-12-31 12374059 frs-bus:SmallEntities 2024-01-01 2024-12-31 12374059 frs-bus:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 12374059 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 12374059 frs-core:AcceleratedTaxDepreciationDeferredTax 2024-12-31 12374059 frs-bus:Director1 2024-01-01 2024-12-31 12374059 frs-bus:Director2 2024-01-01 2024-12-31 12374059 frs-countries:EnglandWales 2024-01-01 2024-12-31 12374059 2022-12-31 12374059 2023-12-31 12374059 2023-01-01 2023-12-31 12374059 frs-core:CurrentFinancialInstruments 2023-12-31 12374059 frs-core:ShareCapital 2023-12-31 12374059 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 12374059 frs-core:AcceleratedTaxDepreciationDeferredTax 2023-12-31
Registered number: 12374059
EMH Financial Planning Limited
Unaudited Financial Statements
For The Year Ended 31 December 2024
Beach Accountants Limited
Chartered Certified Accountants
10 Blue Sky Way
Monkton Business Park South
Hebburn
South Tyneside
NE31 2EQ
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 12374059
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 6,790 6,682
6,790 6,682
CURRENT ASSETS
Debtors 5 202 260
Cash at bank and in hand 27,976 33,563
28,178 33,823
Creditors: Amounts Falling Due Within One Year 6 (14,222 ) (18,414 )
NET CURRENT ASSETS (LIABILITIES) 13,956 15,409
TOTAL ASSETS LESS CURRENT LIABILITIES 20,746 22,091
PROVISIONS FOR LIABILITIES
Deferred Taxation 7 (1,253 ) (1,129 )
NET ASSETS 19,493 20,962
CAPITAL AND RESERVES
Called up share capital 8 11 11
Profit and Loss Account 19,482 20,951
SHAREHOLDERS' FUNDS 19,493 20,962
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 Tony Errington
Director
21/03/2025
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
EMH Financial Planning Limited is a private company, limited by shares, incorporated in England & Wales, registered number 12374059 . The registered office is 11 Constable Gardens, South Shields, Tyne And Wear, NE34 8LR.
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.
The financial statements are prepared in sterling, which is the functional currency of the entity.
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 rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
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:
Computer Equipment 20% 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 year 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 asset reflects 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 or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also 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
Page 3
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4. Tangible Assets
Computer Equipment
£
Cost
As at 1 January 2024 13,756
Additions 1,699
As at 31 December 2024 15,455
Depreciation
As at 1 January 2024 7,074
Provided during the period 1,591
As at 31 December 2024 8,665
Net Book Value
As at 31 December 2024 6,790
As at 1 January 2024 6,682
5. Debtors
2024 2023
£ £
Due within one year
Prepayments and accrued income 202 260
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Corporation tax 14,218 18,312
Accruals and deferred income - 100
Directors' loan accounts 4 2
14,222 18,414
The above Director's loan is unsecured, interest free and repayable on demand.
7. Deferred Taxation
The provision for deferred tax is made up as follows:
2024 2023
£ £
Accelerated capital allowances 1,253 1,129
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 11 11
9. Directors Advances, Credits and Guarantees
Dividends paid to directors
Page 4
Page 5
2024 2023
£ £
Mr Tony Errington 40,024 43,662
Mrs Nicola Errington 15,406 30,238
Page 5