Acorah Software Products - Accounts Production 16.3.350 false true 31 December 2023 1 January 2023 false 1 January 2024 31 December 2024 31 December 2024 4504186 Ms Bettina Skogland-Kirk Mr Geoffrey Knowles Mr Geoffrey Knowles iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 4504186 2023-12-31 4504186 2024-12-31 4504186 2024-01-01 2024-12-31 4504186 frs-core:CurrentFinancialInstruments 2024-12-31 4504186 frs-core:Non-currentFinancialInstruments 2024-12-31 4504186 frs-core:NetGoodwill 2024-12-31 4504186 frs-core:NetGoodwill 2024-01-01 2024-12-31 4504186 frs-core:NetGoodwill 2023-12-31 4504186 frs-core:InvestmentPropertyIncludedWithinPPE 2024-12-31 4504186 frs-core:InvestmentPropertyIncludedWithinPPE 2024-01-01 2024-12-31 4504186 frs-core:InvestmentPropertyIncludedWithinPPE 2023-12-31 4504186 frs-core:MotorVehicles 2024-12-31 4504186 frs-core:MotorVehicles 2024-01-01 2024-12-31 4504186 frs-core:MotorVehicles 2023-12-31 4504186 frs-core:PlantMachinery 2024-12-31 4504186 frs-core:PlantMachinery 2024-01-01 2024-12-31 4504186 frs-core:PlantMachinery 2023-12-31 4504186 frs-core:RevaluationReserve 2023-12-31 4504186 frs-core:RevaluationReserve 2024-12-31 4504186 frs-core:ShareCapital 2024-12-31 4504186 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 4504186 frs-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 4504186 frs-bus:FilletedAccounts 2024-01-01 2024-12-31 4504186 frs-bus:SmallEntities 2024-01-01 2024-12-31 4504186 frs-bus:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 4504186 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 4504186 frs-bus:Director1 2024-01-01 2024-12-31 4504186 frs-bus:Director2 2024-01-01 2024-12-31 4504186 frs-bus:CompanySecretary1 2024-01-01 2024-12-31 4504186 frs-countries:EnglandWales 2024-01-01 2024-12-31 4504186 2022-12-31 4504186 2023-12-31 4504186 2023-01-01 2023-12-31 4504186 frs-core:CurrentFinancialInstruments 2023-12-31 4504186 frs-core:Non-currentFinancialInstruments 2023-12-31 4504186 frs-core:RevaluationReserve 2023-12-31 4504186 frs-core:ShareCapital 2023-12-31 4504186 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31
Registered number: 4504186
Atlam Financial Services Limited
Financial Statements
For The Year Ended 31 December 2024
Atlam Financial Services Limited
Contents
Contents

| Page
--- | ---
Balance Sheet | 1—2
Notes to the Financial Statements | 3—6

Page 1
Atlam Financial Services Limited
Balance Sheet
As At 31 December 2024
Balance Sheet
Registered number: 4504186

| 2024 | 2023
--- | --- | ---
| Notes | £ | £ | £ | £
FIXED ASSETS
Tangible Assets | 5 |  | 972,289 |  | 972,978
|  |  | 972,289 |  | 972,978
CURRENT ASSETS
Stocks | 6 | 132,991 |  | 78,738 |
Debtors | 7 | 2,662,808 |  | 2,703,381 |
Cash at bank and in hand |  | 534,732 |  | 588,375 |
|  | 3,330,531 |  | 3,370,494 |
Creditors: Amounts Falling Due Within One Year | 8 | (381,623 ) |  | (498,662 ) |
NET CURRENT ASSETS (LIABILITIES) |  |  | 2,948,908 |  | 2,871,832
TOTAL ASSETS LESS CURRENT LIABILITIES |  |  | 3,921,197 |  | 3,844,810
Creditors: Amounts Falling Due After More Than One Year | 9 |  | (150,670 ) |  | (150,670 )
NET ASSETS |  |  | 3,770,527 |  | 3,694,140
CAPITAL AND RESERVES
Called up share capital | 10 |  | 200 |  | 200
Revaluation reserve | 12 |  | (29,758 ) |  | (29,758 )
Profit and Loss Account |  |  | 3,800,085 |  | 3,723,698
SHAREHOLDERS' FUNDS |  |  | 3,770,527 |  | 3,694,140

Page 1
Page 2
Atlam Financial Services Limited
Balance Sheet (continued)
As At 31 December 2024
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 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 Geoffrey Knowles Director
14/05/2025

The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
Atlam Financial Services Limited
Notes to the Financial Statements
For The Year Ended 31 December 2024
Notes to the Financial Statements
1. General Information
Atlam Financial Services Limited is a private company, limited by shares, incorporated in England & Wales, registered number 4504186 . The registered office is 23 North End Parade, North End Road, London, W14 0SJ.
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. 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 five years.
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:

Plant & Machinery | 25% straight line
Motor Vehicles | 25% straight line

2.5. Investment Properties
All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.
2.6. 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.
2.7. 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.
Page 3
Page 4
Atlam Financial Services Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 December 2024
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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 2)
2 2
4. Intangible Assets

| Goodwill
--- | ---
| £
Cost
As at 1 January 2024 | 27,500
As at 31 December 2024 | 27,500
Amortisation
As at 1 January 2024 | 27,500
As at 31 December 2024 | 27,500
Net Book Value
As at 31 December 2024 | -
As at 1 January 2024 | -

5. Tangible Assets

| Investment Properties | Plant & Machinery | Motor Vehicles | Total
--- | --- | --- | --- | ---
| £ | £ | £ | £
Cost
As at 1 January 2024 | 971,991 | 18,798 | 19,290 | 1,010,079
As at 31 December 2024 | 971,991 | 18,798 | 19,290 | 1,010,079
Depreciation
As at 1 January 2024 | - | 17,811 | 19,290 | 37,101
Provided during the period | - | 689 | - | 689
As at 31 December 2024 | - | 18,500 | 19,290 | 37,790

...CONTINUED
Page 4
Page 5
Atlam Financial Services Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 December 2024

Net Book Value
As at 31 December 2024 | 971,991 | 298 | - | 972,289
As at 1 January 2024 | 971,991 | 987 | - | 972,978

Cost or valuation as at 31 December 2024 represented by:

| Investment Properties | Plant & Machinery | Motor Vehicles | Total
--- | --- | --- | --- | ---
| £ | £ | £ | £
At cost | 971,991 | 18,798 | 19,290 | 1,010,079
| 971,991 | 18,798 | 19,290 | 1,010,079

The investment properties were valued at open market by the directors using market based evidence for similar properties sold in the local area on 31 December 2022.
Some of the investment properties are under the name of one of the directors, who is holding them in trust for the company.
6. Stocks

| 2024 |  | 2023
--- | --- | --- | ---
| £ |  | £
Finished goods | 132,991 |  | 78,738

7. Debtors

| 2024 |  | 2023
--- | --- | --- | ---
| £ |  | £
Due within one year
Trade debtors | 1,884,191 |  | 1,920,818
Other debtors | 336,109 |  | 340,055
Amounts owed by group undertakings | 432,546 |  | 432,546
| 2,652,846 |  | 2,693,419
Due after more than one year
Deferred tax current asset | 9,962 |  | 9,962
| 2,662,808 |  | 2,703,381

8. Creditors: Amounts Falling Due Within One Year

| 2024 |  | 2023
--- | --- | --- | ---
| £ |  | £
Corporation tax | 54,376 |  | 64,476
Other creditors | - |  | 6,939
Directors' loan accounts | 327,247 |  | 427,247
| 381,623 |  | 498,662

9. Creditors: Amounts Falling Due After More Than One Year

| 2024 |  | 2023
--- | --- | --- | ---
| £ |  | £
Directors loan account | 150,670 |  | 150,670

Page 5
Page 6
Atlam Financial Services Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 December 2024
10. Share Capital

| 2024 |  | 2023
--- | --- | --- | ---
| £ |  | £
Allotted, Called up and fully paid | 200 |  | 200

11. Dividends

| 2024 |  | 2023
--- | --- | --- | ---
| £ |  | £
On equity shares:
Interim dividend paid | 86,050 |  | 88,000

12. Reserves

| Revaluation Reserve
--- | ---
| £
As at 1 January 2024 | (29,758 )
As at 31 December 2024 | (29,758 )

Page 6