Acorah Software Products - Accounts Production 16.3.350 false true 30 November 2023 1 December 2022 false 1 December 2023 30 November 2024 30 November 2024 09602796 Mr Ian Cox Mrs Dawn Cox iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 09602796 2023-11-30 09602796 2024-11-30 09602796 2023-12-01 2024-11-30 09602796 frs-core:CurrentFinancialInstruments 2024-11-30 09602796 frs-core:NetGoodwill 2024-11-30 09602796 frs-core:NetGoodwill 2023-12-01 2024-11-30 09602796 frs-core:NetGoodwill 2023-11-30 09602796 frs-core:PlantMachinery 2024-11-30 09602796 frs-core:PlantMachinery 2023-12-01 2024-11-30 09602796 frs-core:PlantMachinery 2023-11-30 09602796 frs-core:CapitalRedemptionReserve 2024-11-30 09602796 frs-core:ShareCapital 2024-11-30 09602796 frs-core:RetainedEarningsAccumulatedLosses 2024-11-30 09602796 frs-bus:PrivateLimitedCompanyLtd 2023-12-01 2024-11-30 09602796 frs-bus:FilletedAccounts 2023-12-01 2024-11-30 09602796 frs-bus:SmallEntities 2023-12-01 2024-11-30 09602796 frs-bus:AuditExempt-NoAccountantsReport 2023-12-01 2024-11-30 09602796 frs-bus:SmallCompaniesRegimeForAccounts 2023-12-01 2024-11-30 09602796 frs-bus:OrdinaryShareClass1 2023-12-01 2024-11-30 09602796 frs-bus:OrdinaryShareClass1 2024-11-30 09602796 frs-bus:Director1 2023-12-01 2024-11-30 09602796 frs-bus:Director2 2023-12-01 2024-11-30 09602796 frs-countries:EnglandWales 2023-12-01 2024-11-30 09602796 2022-11-30 09602796 2023-11-30 09602796 2022-12-01 2023-11-30 09602796 frs-core:CurrentFinancialInstruments 2023-11-30 09602796 frs-core:CapitalRedemptionReserve 2023-11-30 09602796 frs-core:ShareCapital 2023-11-30 09602796 frs-core:RetainedEarningsAccumulatedLosses 2023-11-30 09602796 frs-bus:OrdinaryShareClass1 2022-12-01 2023-11-30 09602796 frs-core:CurrentFinancialInstruments 1 2023-11-30
Registered number: 09602796
Fairfield St George Wealth Management Ltd
Unaudited Financial Statements
For The Year Ended 30 November 2024
Richard Riley & Associates Ltd
28 Hampden House
Chalgrove
Oxford
Oxfordshire
OX44 7RW
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—4
Page 1
Balance Sheet
Registered number: 09602796
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 2,671 23,836
Tangible Assets 5 245 -
2,916 23,836
CURRENT ASSETS
Debtors 6 - 25,593
Cash at bank and in hand 114,816 77,158
114,816 102,751
Creditors: Amounts Falling Due Within One Year 7 (360,243 ) (30,869 )
NET CURRENT ASSETS (LIABILITIES) (245,427 ) 71,882
TOTAL ASSETS LESS CURRENT LIABILITIES (242,511 ) 95,718
NET (LIABILITIES)/ASSETS (242,511 ) 95,718
CAPITAL AND RESERVES
Called up share capital 8 100 100
Capital redemption reserve (700,000 ) -
Profit and Loss Account 457,389 95,618
SHAREHOLDERS' FUNDS (242,511) 95,718
For the year ending 30 November 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 Ian Cox
Director
14th May 2025
The notes on pages 2 to 4 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
Fairfield St George Wealth Management Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 09602796 . The registered office is 28 Hampden House, Monument Business Park, Chalgrove, Oxfordshire, OX44 7RW.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
2.2. Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
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 .... years.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at cost less depreciation. 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:
Plant & Machinery straight line over 2 years
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 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: 5 (2023: 5)
5 5
Page 2
Page 3
4. Intangible Assets
Goodwill
£
Cost
As at 1 December 2023 656,874
Additions 3,339
Disposals (131,375 )
As at 30 November 2024 528,838
Amortisation
As at 1 December 2023 633,038
Provided during the period 24,504
Disposals (131,375 )
As at 30 November 2024 526,167
Net Book Value
As at 30 November 2024 2,671
As at 1 December 2023 23,836
5. Tangible Assets
Plant & Machinery
£
Cost
As at 1 December 2023 -
Additions 491
As at 30 November 2024 491
Depreciation
As at 1 December 2023 -
Provided during the period 246
As at 30 November 2024 246
Net Book Value
As at 30 November 2024 245
As at 1 December 2023 -
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors - 25,593
Page 3
Page 4
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors - 1
Loan from Alan Smith 350,000 -
Corporation tax 31,585 24,814
Other taxes and social security 383 -
Net wages - 4,702
NEST Pension - 243
Accruals and deferred income (21,725 ) 1,109
360,243 30,869
8. Share Capital
2024 2023
Allotted, called up and fully paid £ £
100 Ordinary Shares of £ 1.00 each 100 100
Page 4