Acorah Software Products - Accounts Production 16.2.850 false true 31 December 2023 1 January 2023 false 1 January 2024 31 December 2024 31 December 2024 09345377 Ms F A Yardley iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 09345377 2023-12-31 09345377 2024-12-31 09345377 2024-01-01 2024-12-31 09345377 frs-core:FurnitureFittings 2024-01-01 2024-12-31 09345377 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-01-01 2024-12-31 09345377 frs-core:ShareCapital 2024-12-31 09345377 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 09345377 frs-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 09345377 frs-bus:AbridgedAccounts 2024-01-01 2024-12-31 09345377 frs-bus:SmallEntities 2024-01-01 2024-12-31 09345377 frs-bus:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 09345377 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 09345377 frs-bus:Director1 2024-01-01 2024-12-31 09345377 frs-bus:Director1 2023-12-31 09345377 frs-bus:Director1 2024-12-31 09345377 frs-countries:EnglandWales 2024-01-01 2024-12-31 09345377 2022-12-31 09345377 2023-12-31 09345377 2023-01-01 2023-12-31 09345377 frs-core:ShareCapital 2023-12-31 09345377 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31
Registered number: 09345377
Fay Consulting Limited
Unaudited ABRIDGED Financial Statements
For The Year Ended 31 December 2024
HSJ Accountants Ltd
Contents
Page
Company Information 1
Abridged Balance Sheet 2—3
Notes to the Abridged Financial Statements 4—5
Page 1
Company Information
Director Ms F A Yardley
Company Number 09345377
Registered Office 5 Surbiton Hill Road
Surbiton
England
KT6 4TW
Accountants HSJ Accountants Ltd
Severn House
Hazell Drive
Newport
NP10 8FY
Page 1
Page 2
Abridged Balance Sheet
Registered number: 09345377
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 10,420 11,273
10,420 11,273
CURRENT ASSETS
Work in progress 1,798 5,000
Debtors 7,378 15,582
Cash at bank and in hand 46,333 40,093
55,509 60,675
Creditors: Amounts Falling Due Within One Year (15,214 ) (15,304 )
NET CURRENT ASSETS (LIABILITIES) 40,295 45,371
TOTAL ASSETS LESS CURRENT LIABILITIES 50,715 56,644
NET ASSETS 50,715 56,644
CAPITAL AND RESERVES
Called up share capital 5 1 1
Profit and Loss Account 50,714 56,643
SHAREHOLDERS' FUNDS 50,715 56,644
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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 member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her 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 Profit and Loss Account and an Abridged Balance Sheet for the year end 31 December 2024 in accordance with section 444(2A) of the Companies Act 2006.
On behalf of the board
Ms F A Yardley
Director
15 April 2025
The notes on pages 4 to 5 form part of these financial statements.
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Page 4
Notes to the Abridged Financial Statements
1. General Information
Fay Consulting Limited is a private company, limited by shares, incorporated in England & Wales, registered number 09345377 . The registered office is 5 Surbiton Hill Road, Surbiton, England, KT6 4TW.
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. 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.
2.3. 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:
Leasehold 5% Reducing Balance
Fixtures & Fittings 25% Reducing Balance
2.4. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.5. 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2023: 1)
1 1
4. Tangible Assets
Total
£
Cost
As at 1 January 2024 16,148
As at 31 December 2024 16,148
Depreciation
As at 1 January 2024 4,875
Provided during the period 853
As at 31 December 2024 5,728
...CONTINUED
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Net Book Value
As at 31 December 2024 10,420
As at 1 January 2024 11,273
Included within the net book value of tangible fixed assets above is £9,336 (2023 - £9,829) in respect of leasehold land and building improvements.
5. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1 1
6. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 January 2024 Amounts advanced Amounts repaid Amounts written off As at 31 December 2024
£ £ £ £ £
Miss Francesca Yardley 1,485 16,231 (17,716 ) - -
During the year the company made interest free, unsecured, repayable on demand loans to the director via the provision of a facility which could be drawn against. At the balance sheet date the amount owed to the director was £1,225 (2023 - £1,485 owed to the company).
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