Acorah Software Products - Accounts Production 16.3.350 false true 31 March 2024 1 April 2023 false 1 April 2024 31 March 2025 31 March 2025 08957123 Mr M N Ginger Mr D M Cawley iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 08957123 2024-03-31 08957123 2025-03-31 08957123 2024-04-01 2025-03-31 08957123 frs-core:CurrentFinancialInstruments 2025-03-31 08957123 frs-core:Non-currentFinancialInstruments 2025-03-31 08957123 frs-core:ComputerEquipment 2025-03-31 08957123 frs-core:ComputerEquipment 2024-04-01 2025-03-31 08957123 frs-core:ComputerEquipment 2024-03-31 08957123 frs-core:FurnitureFittings 2025-03-31 08957123 frs-core:FurnitureFittings 2024-04-01 2025-03-31 08957123 frs-core:FurnitureFittings 2024-03-31 08957123 frs-core:ShareCapital 2025-03-31 08957123 frs-core:RetainedEarningsAccumulatedLosses 2024-04-01 2025-03-31 08957123 frs-core:RetainedEarningsAccumulatedLosses 2025-03-31 08957123 frs-bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 08957123 frs-bus:FilletedAccounts 2024-04-01 2025-03-31 08957123 frs-bus:SmallEntities 2024-04-01 2025-03-31 08957123 frs-bus:AuditExempt-NoAccountantsReport 2024-04-01 2025-03-31 08957123 frs-bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 08957123 frs-bus:Director1 2024-04-01 2025-03-31 08957123 frs-bus:Director1 2024-03-31 08957123 frs-bus:Director1 2025-03-31 08957123 frs-bus:Director2 2024-04-01 2025-03-31 08957123 frs-bus:Director2 2024-03-31 08957123 frs-bus:Director2 2025-03-31 08957123 frs-core:CurrentFinancialInstruments 9 2025-03-31 08957123 frs-countries:EnglandWales 2024-04-01 2025-03-31 08957123 2023-03-31 08957123 2024-03-31 08957123 2023-04-01 2024-03-31 08957123 frs-core:CurrentFinancialInstruments 2024-03-31 08957123 frs-core:Non-currentFinancialInstruments 2024-03-31 08957123 frs-core:ShareCapital 2023-03-31 08957123 frs-core:ShareCapital 2024-03-31 08957123 frs-core:RetainedEarningsAccumulatedLosses 2023-04-01 2024-03-31 08957123 frs-core:RetainedEarningsAccumulatedLosses frs-core:PreviouslyStatedAmount 2023-03-31 08957123 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 08957123 frs-core:CurrentFinancialInstruments 9 2024-03-31
Registered number: 08957123
121 FS Ltd
Unaudited Financial Statements
For The Year Ended 31 March 2025
Contents
Page
Balance Sheet 1—2
Statement of Changes in Equity 3
Notes to the Financial Statements 4—6
Page 1
Balance Sheet
Registered number: 08957123
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 3,115 3,822
3,115 3,822
CURRENT ASSETS
Debtors 5 74,543 90,640
Cash at bank and in hand 98,573 58,066
173,116 148,706
Creditors: Amounts Falling Due Within One Year 6 (146,077 ) (109,652 )
NET CURRENT ASSETS (LIABILITIES) 27,039 39,054
TOTAL ASSETS LESS CURRENT LIABILITIES 30,154 42,876
Creditors: Amounts Falling Due After More Than One Year 7 (2,651 ) (13,091 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (779 ) (956 )
NET ASSETS 26,724 28,829
CAPITAL AND RESERVES
Called up share capital 120 120
Profit and Loss Account 26,604 28,709
SHAREHOLDERS' FUNDS 26,724 28,829
Page 1
Page 2
For the year ending 31 March 2025 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.
The financial statements were approved by the board of directors on 15 May 2025 and were signed on its behalf by:
Mr D M Cawley
Director
15/05/2025
The notes on pages 4 to 6 form part of these financial statements.
Page 2
Page 3
Statement of Changes in Equity
Share Capital Profit and Loss Account Total
£ £ £
As at 1 April 2023 120 112,572 112,692
Profit for the year and total comprehensive income - 185,756 185,756
Dividends paid - (269,619) (269,619)
As at 31 March 2024 and 1 April 2024 120 28,709 28,829
Profit for the year and total comprehensive income - 296,787 296,787
Dividends paid - (298,892) (298,892)
As at 31 March 2025 120 26,604 26,724
Page 3
Page 4
Notes to the Financial Statements
1. General Information
121 FS Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 08957123 . The registered office is 5 Cornfield Terrace, Eastbourne, United Kingdom, BN21 4NN.
The presentation currency of the financial statements is the Pound Sterling (£).
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.
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:
Fixtures & Fittings 25% on reducing balance
Computer Equipment 33.33% on cost
2.4. Taxation
Taxation 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.
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Page 5
2.5. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
3. Average Number of Employees
Average number of employees, including directors, during the year was as follows: 5 (2024: 5)
5 5
4. Tangible Assets
Fixtures & Fittings Computer Equipment Total
£ £ £
Cost
As at 1 April 2024 4,741 29,196 33,937
Additions - 2,558 2,558
As at 31 March 2025 4,741 31,754 36,495
Depreciation
As at 1 April 2024 4,003 26,112 30,115
Provided during the period 184 3,081 3,265
As at 31 March 2025 4,187 29,193 33,380
Net Book Value
As at 31 March 2025 554 2,561 3,115
As at 1 April 2024 738 3,084 3,822
5. Debtors
2025 2024
£ £
Due within one year
Other debtors 21,785 31,282
Prepayments 803 1,158
Directors' loan accounts 51,955 58,200
74,543 90,640
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6. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 918 1,764
Bank loans and overdrafts 10,440 10,183
Corporation tax 99,241 62,257
Other creditors 34,092 34,092
Accruals and deferred income 1,386 1,356
146,077 109,652
7. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Bank loans 2,651 13,091
8. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 April 2024 Amounts advanced Amounts repaid Amounts written off As at 31 March 2025
£ £ £ £ £
Mr Mark Ginger 28,776 3,500 5,172 - 27,104
Mr Daniel Cawley 29,424 599 5,172 - 24,851
The above loans are unsecured and repayable on demand. Interest has been charged at the HMRC official rate. 
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