Acorah Software Products - Accounts Production 16.2.850 false true 5 April 2023 6 April 2022 false 6 April 2023 5 April 2024 5 April 2024 05425547 Mr E C Leslie Mr T R Leslie Mr E C Leslie iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 05425547 2023-04-05 05425547 2024-04-05 05425547 2023-04-06 2024-04-05 05425547 frs-core:NetGoodwill 2023-04-06 2024-04-05 05425547 frs-core:ShareCapital 2024-04-05 05425547 frs-core:RetainedEarningsAccumulatedLosses 2024-04-05 05425547 frs-bus:PrivateLimitedCompanyLtd 2023-04-06 2024-04-05 05425547 frs-bus:AbridgedAccounts 2023-04-06 2024-04-05 05425547 frs-bus:SmallEntities 2023-04-06 2024-04-05 05425547 frs-bus:AuditExempt-NoAccountantsReport 2023-04-06 2024-04-05 05425547 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-06 2024-04-05 05425547 frs-bus:Director1 2023-04-06 2024-04-05 05425547 frs-bus:Director2 2023-04-06 2024-04-05 05425547 frs-bus:CompanySecretary1 2023-04-06 2024-04-05 05425547 frs-countries:EnglandWales 2023-04-06 2024-04-05 05425547 2022-04-05 05425547 2023-04-05 05425547 2022-04-06 2023-04-05 05425547 frs-core:ShareCapital 2023-04-05 05425547 frs-core:RetainedEarningsAccumulatedLosses 2023-04-05
Registered number: 05425547
Finetel Finance Limited
Unaudited ABRIDGED Financial Statements
For The Year Ended 5 April 2024
Contents
Page
Abridged Balance Sheet 1—2
Notes to the Abridged Financial Statements 3
Page 1
Abridged Balance Sheet
Registered number: 05425547
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 20,000 40,000
20,000 40,000
CURRENT ASSETS
Debtors 237,101 717,946
Cash at bank and in hand 768,457 127,756
1,005,558 845,702
Creditors: Amounts Falling Due Within One Year (27,699 ) (12,351 )
NET CURRENT ASSETS (LIABILITIES) 977,859 833,351
TOTAL ASSETS LESS CURRENT LIABILITIES 997,859 873,351
NET ASSETS 997,859 873,351
CAPITAL AND RESERVES
Called up share capital 5 100 100
Profit and Loss Account 997,759 873,251
SHAREHOLDERS' FUNDS 997,859 873,351
Page 1
Page 2
For the year ending 5 April 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.
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 5 April 2024 in accordance with section 444(2A) of the Companies Act 2006.
On behalf of the board
Mr E C Leslie
Director
28 April 2025
The notes on page 3 form part of these financial statements.
Page 2
Page 3
Notes to the Abridged Financial Statements
1. General Information
Finetel Finance Limited is a private company, limited by shares, incorporated in England & Wales, registered number 05425547 . The registered office is Ashdon House, Moon Lane, Barnet, Hertfordshire, EN5 5YL.
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 receivable.
2.3. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of 20 years.
2.4. Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is 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
4. Intangible Assets
Total
£
Cost
As at 6 April 2023 400,000
As at 5 April 2024 400,000
Amortisation
As at 6 April 2023 360,000
Provided during the period 20,000
As at 5 April 2024 380,000
Net Book Value
As at 5 April 2024 20,000
As at 6 April 2023 40,000
5. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
Page 3