Acorah Software Products - Accounts Production 16.3.350 false true 31 August 2023 1 September 2022 false 1 September 2023 31 August 2024 31 August 2024 08662127 Mr D A Bird Mr P J Mugleston Mrs D Mugleston Miss L A Higgins iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 08662127 2023-08-31 08662127 2024-08-31 08662127 2023-09-01 2024-08-31 08662127 frs-core:CurrentFinancialInstruments 2024-08-31 08662127 frs-core:Non-currentFinancialInstruments 2024-08-31 08662127 frs-core:ComputerEquipment 2024-08-31 08662127 frs-core:ComputerEquipment 2023-09-01 2024-08-31 08662127 frs-core:ComputerEquipment 2023-08-31 08662127 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-09-01 2024-08-31 08662127 frs-core:FurnitureFittings 2023-09-01 2024-08-31 08662127 frs-core:OtherResidualIntangibleAssets 2024-08-31 08662127 frs-core:OtherResidualIntangibleAssets 2023-09-01 2024-08-31 08662127 frs-core:OtherResidualIntangibleAssets 2023-08-31 08662127 frs-core:CapitalRedemptionReserve 2024-08-31 08662127 frs-core:ShareCapital 2024-08-31 08662127 frs-core:RetainedEarningsAccumulatedLosses 2024-08-31 08662127 frs-bus:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 08662127 frs-bus:FilletedAccounts 2023-09-01 2024-08-31 08662127 frs-bus:SmallEntities 2023-09-01 2024-08-31 08662127 frs-bus:AuditExempt-NoAccountantsReport 2023-09-01 2024-08-31 08662127 frs-bus:SmallCompaniesRegimeForAccounts 2023-09-01 2024-08-31 08662127 frs-bus:Director1 2023-09-01 2024-08-31 08662127 frs-bus:Director2 2023-09-01 2024-08-31 08662127 frs-bus:Director3 2023-09-01 2024-08-31 08662127 frs-bus:Director4 2023-09-01 2024-08-31 08662127 frs-countries:EnglandWales 2023-09-01 2024-08-31 08662127 2022-08-31 08662127 2023-08-31 08662127 2022-09-01 2023-08-31 08662127 frs-core:CurrentFinancialInstruments 2023-08-31 08662127 frs-core:Non-currentFinancialInstruments 2023-08-31 08662127 frs-core:CapitalRedemptionReserve 2023-08-31 08662127 frs-core:ShareCapital 2023-08-31 08662127 frs-core:RetainedEarningsAccumulatedLosses 2023-08-31
Registered number: 08662127
Find A Mortgage Online Ltd
Financial Statements
For The Year Ended 31 August 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 08662127
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 149,489 256,189
Tangible Assets 5 5,596 30,363
155,085 286,552
CURRENT ASSETS
Debtors 6 134,011 408,409
Cash at bank and in hand 715,155 636,908
849,166 1,045,317
Creditors: Amounts Falling Due Within One Year 7 (82,330 ) (152,881 )
NET CURRENT ASSETS (LIABILITIES) 766,836 892,436
TOTAL ASSETS LESS CURRENT LIABILITIES 921,921 1,178,988
Creditors: Amounts Falling Due After More Than One Year 8 (33,333 ) (73,333 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (38,774 ) (61,604 )
NET ASSETS 849,814 1,044,051
CAPITAL AND RESERVES
Called up share capital 10 77 77
Capital redemption reserve (252,128 ) (252,128 )
Profit and Loss Account 1,101,865 1,296,102
SHAREHOLDERS' FUNDS 849,814 1,044,051
Page 1
Page 2
For the year ending 31 August 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 P J Mugleston
Director
28 May 2025
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Find A Mortgage Online Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 08662127 . The registered office is First Floor Sterling House, Outrams Wharf, Little Eaton, Derbyshire, DE21 5EL.
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 - Other Intangible
Other intangible assets are website development costs. They are amortised to profit and loss account over its estimated economic life of 3 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:
Fixtures & Fittings over 5 years
Computer Equipment over 3 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. 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. The carrying amount of deferred tax assets is reviewed at the end of each reporting period.
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.
2.6. Registrar Filing Requirements
The company has taken advantage of Companies Act 2006 section 444(1) and opted not to file the profit and loss account, directors report, and notes to the financial statements relating to the profit and loss account.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 15 (2023: 23)
15 23
Page 3
Page 4
4. Intangible Assets
Other
£
Cost
As at 1 September 2023 478,612
Additions 27,810
As at 31 August 2024 506,422
Amortisation
As at 1 September 2023 222,423
Provided during the period 134,510
As at 31 August 2024 356,933
Net Book Value
As at 31 August 2024 149,489
As at 1 September 2023 256,189
5. Tangible Assets
Computer Equipment
£
Cost
As at 1 September 2023 341,631
Additions 397
Disposals (580 )
As at 31 August 2024 341,448
Depreciation
As at 1 September 2023 311,268
Provided during the period 24,887
Disposals (303 )
As at 31 August 2024 335,852
Net Book Value
As at 31 August 2024 5,596
As at 1 September 2023 30,363
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 71,211 114,140
Other debtors 62,800 200,687
Corporation tax recoverable assets - 93,582
134,011 408,409
Page 4
Page 5
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 16,870 20,696
Bank loans and overdrafts 40,000 40,000
Corporation tax (38,122 ) -
Other taxes and social security 14,290 28,999
Other creditors 16,159 -
Accruals and deferred income 33,133 63,186
82,330 152,881
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 33,333 73,333
9. Secured Creditors
Of the creditors the following amounts are secured.
2024 2023
£ £
Bank loans and overdrafts 73,333 113,333
10. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 77 77
Page 5