Acorah Software Products - Accounts Production 16.2.850 false true 31 December 2023 1 January 2023 false 31 March 2025 1 January 2024 31 December 2024 31 December 2024 10418488 Mr Juan De La Vina Fernandez Mr Miguel Gonzalez Diaz Ms Christine Kendall-Jones Mr Daryl Smith true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 10418488 2023-12-31 10418488 2024-12-31 10418488 2024-01-01 2024-12-31 10418488 frs-core:CurrentFinancialInstruments 2024-12-31 10418488 frs-core:ComputerEquipment 2024-12-31 10418488 frs-core:ComputerEquipment 2024-01-01 2024-12-31 10418488 frs-core:ComputerEquipment 2023-12-31 10418488 frs-core:SharePremium 2024-12-31 10418488 frs-core:ShareCapital 2024-12-31 10418488 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 10418488 frs-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 10418488 frs-bus:FilletedAccounts 2024-01-01 2024-12-31 10418488 frs-bus:SmallEntities 2024-01-01 2024-12-31 10418488 frs-bus:Audited 2024-01-01 2024-12-31 10418488 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 10418488 1 2024-01-01 2024-12-31 10418488 frs-bus:Director1 2024-01-01 2024-12-31 10418488 frs-bus:Director2 2024-01-01 2024-12-31 10418488 frs-bus:Director3 2024-01-01 2024-12-31 10418488 frs-bus:Director4 2024-01-01 2024-12-31 10418488 frs-countries:NorthernIreland 2024-01-01 2024-12-31 10418488 2022-12-31 10418488 2023-12-31 10418488 2023-01-01 2023-12-31 10418488 frs-core:CurrentFinancialInstruments 2023-12-31 10418488 frs-core:SharePremium 2023-12-31 10418488 frs-core:ShareCapital 2023-12-31 10418488 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31
Registered number: 10418488
FCS Capital Markets Ltd
Financial Statements
For The Year Ended 31 December 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 10418488
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 9,478 1,193
9,478 1,193
CURRENT ASSETS
Debtors 5 1,480 79,476
Cash at bank and in hand 1,451,072 345,545
1,452,552 425,021
Creditors: Amounts Falling Due Within One Year 6 (832,833 ) (85,515 )
NET CURRENT ASSETS (LIABILITIES) 619,719 339,506
TOTAL ASSETS LESS CURRENT LIABILITIES 629,197 340,699
PROVISIONS FOR LIABILITIES
Deferred Taxation (2,370 ) (227 )
NET ASSETS 626,827 340,472
CAPITAL AND RESERVES
Called up share capital 7 135,500 135,500
Share premium account 24,500 24,500
Profit and Loss Account 466,827 180,472
SHAREHOLDERS' FUNDS 626,827 340,472
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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 Juan De La Vina Fernandez
Director
Mr Miguel Gonzalez Diaz
Director
Ms Christine Kendall-Jones
Director
Mr Daryl Smith
Director
31/03/2025
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
FCS Capital Markets Ltd is a private company, limited by shares, incorporated in Northern Ireland, registered number 10418488 . The registered office is 60 Cannon Street, London, EC4N 6NP.
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. Significant judgements and estimations
In the application of the company’s accounting policies management is required to make judgements, estimates and assumptions about the carrying values of assets and liabilities that are not readily apparent from other sources. The estimates and underlying assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates. 
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to the accounting estimates are recognised in period in which the estimate is revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods.
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.
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.
2.4. 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:
Computer Equipment 25% SLM
2.5. Leasing and Hire Purchase Contracts
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease. 
2.6. Financial Instruments
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention. 
2.7. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
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2.8. 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.
2.9. Pensions
The company operates a defined contribution pension scheme. Contributions payable to the company's pension
scheme are charged to profit or loss in the period to which they relate.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 8 (2023: 6)
8 6
4. Tangible Assets
Computer Equipment
£
Cost
As at 1 January 2024 11,734
Additions 9,201
As at 31 December 2024 20,935
Depreciation
As at 1 January 2024 10,541
Provided during the period 916
As at 31 December 2024 11,457
Net Book Value
As at 31 December 2024 9,478
As at 1 January 2024 1,193
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5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 26 2,857
Other debtors 1,454 76,619
1,480 79,476
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 35,737 12,605
Bank loans and overdrafts - 5
Other creditors 704,246 72,867
Taxation and social security 92,850 38
832,833 85,515
7. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 135,500 135,500
8. Related Party Transactions
During the year, the company entered into purchase of services transactions with Envision Trading Spain S.L. of £67,783 (£88,748- 2023). Envision Trading Spain S.L. is a company registered in Spain, which is owned and run by the directors of FCS Capital Markets Ltd. The Directors also entered into purchase of services transactions individually in the year, amounting to £1,586,276 (£101,582- 2023) for Mr. J. Fernandez and £1,502,671 (£7,630- 2023) for Mr. M. Gonzalez Diaz. The company also purchased services from Lucrum Limited, owned by a director of FCS Capital Markets Ltd, for an amount of £1,553,635 (£Nil in 2023). 
The amount due to Envision Trading Spain S.L. as at 31st December 2024 was £15,440 (£Nil- 2023). Included among the Other creditors, the outstanding balances for Mr. J. Fernandez £209,495 (£Nil- 2023), Mr. M. Gonzalez Diaz £202,259 (£Nil- 2023) and Lucrum Limited £195,888 (£Nil- 2023) at the year-end. 
The amount due from Envision Trading Spain S.L. at the end of 31st December 2024 was £Nil (£15,651- 2023), Mr J Fernandez was £Nil (£15,636- 2023), and Lucrum Limited £Nil (£15,680- 2023) was included in Debtors.
9. Ultimate Controlling Party
Due to the nature of the company's shareholder structure, there is no single ultimate controlling party.
10. Audit Information
The auditor's report on the accounts of FCS Capital Markets Ltd for the year ended 31 December 2024 was unqualified.
The auditor's report was signed by Wajih Khan FCCA (Senior Statutory Auditor) for and on behalf of Adam Parker Limited , Statutory Auditor.
Adam Parker Limited
590-598 Elder Gate
Milton Keynes
MK9 1LR
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