Acorah Software Products - Accounts Production 16.3.350 false true 30 April 2024 1 May 2023 false 1 May 2024 30 April 2025 30 April 2025 05771864 Mr S C Busfield Mr M J Tristram Mr S C Busfield iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 05771864 2024-04-30 05771864 2025-04-30 05771864 2024-05-01 2025-04-30 05771864 frs-core:CurrentFinancialInstruments 2025-04-30 05771864 frs-core:Non-currentFinancialInstruments 2025-04-30 05771864 frs-core:ComputerEquipment 2025-04-30 05771864 frs-core:ComputerEquipment 2024-05-01 2025-04-30 05771864 frs-core:ComputerEquipment 2024-04-30 05771864 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2024-05-01 2025-04-30 05771864 frs-core:FurnitureFittings 2025-04-30 05771864 frs-core:FurnitureFittings 2024-05-01 2025-04-30 05771864 frs-core:FurnitureFittings 2024-04-30 05771864 frs-core:OtherResidualIntangibleAssets 2025-04-30 05771864 frs-core:OtherResidualIntangibleAssets 2024-05-01 2025-04-30 05771864 frs-core:OtherResidualIntangibleAssets 2024-04-30 05771864 frs-core:ShareCapital 2025-04-30 05771864 frs-core:RetainedEarningsAccumulatedLosses 2025-04-30 05771864 frs-bus:PrivateLimitedCompanyLtd 2024-05-01 2025-04-30 05771864 frs-bus:FilletedAccounts 2024-05-01 2025-04-30 05771864 frs-bus:SmallEntities 2024-05-01 2025-04-30 05771864 frs-bus:AuditExemptWithAccountantsReport 2024-05-01 2025-04-30 05771864 frs-bus:SmallCompaniesRegimeForAccounts 2024-05-01 2025-04-30 05771864 frs-bus:Director1 2024-05-01 2025-04-30 05771864 frs-bus:Director1 2024-04-30 05771864 frs-bus:Director1 2025-04-30 05771864 frs-bus:Director2 2024-05-01 2025-04-30 05771864 frs-bus:Director2 2024-04-30 05771864 frs-bus:Director2 2025-04-30 05771864 frs-bus:CompanySecretary1 2024-05-01 2025-04-30 05771864 frs-countries:EnglandWales 2024-05-01 2025-04-30 05771864 2023-04-30 05771864 2024-04-30 05771864 2023-05-01 2024-04-30 05771864 frs-core:CurrentFinancialInstruments 2024-04-30 05771864 frs-core:Non-currentFinancialInstruments 2024-04-30 05771864 frs-core:ShareCapital 2024-04-30 05771864 frs-core:RetainedEarningsAccumulatedLosses 2024-04-30
Registered number: 05771864
Loans Warehouse Limited
Unaudited Financial Statements
For The Year Ended 30 April 2025
Contents
Page
Accountant's Report 1
Balance Sheet 2—3
Notes to the Financial Statements 4—7
Page 1
Accountant's Report
Report to the directors on the preparation of the unaudited statutory accounts of Loans Warehouse Limited for the year ended 30 April 2025
To assist you to fulfil your duties under the Companies Act 2006, I have prepared for your approval the accounts of Loans Warehouse Limited which comprise the Profit and Loss Account, the Balance Sheet and the related notes, from the company’s accounting records and from information and explanations you have given us.
As a practising member of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/en/member/professional-standards/rules-standards/acca-rulebook.html.
This report is made to the directors of Loans Warehouse Limited , as a body, in accordance with the terms of our engagement letter dated . Our work has been undertaken solely to prepare for your approval the accounts of Loans Warehouse Limited and state those matters that we have agreed to state to the directors of Loans Warehouse Limited , as a body, in this report in accordance with the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Loans Warehouse Limited and its directors as a body for our work or for this report.
It is your duty to ensure that Loans Warehouse Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit or loss of Loans Warehouse Limited . You consider that Loans Warehouse Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Loans Warehouse Limited . For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the financial statements.
3 June 2025
Norwoods
Forest House Office
3 - 5 Horndean Road
Bracknell
Berkshire
RG12 0XQ
Page 1
Page 2
Balance Sheet
Registered number: 05771864
2025 2024
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 20,078 24,094
Tangible Assets 5 14,728 18,898
34,806 42,992
CURRENT ASSETS
Debtors 6 190,760 187,282
Cash at bank and in hand 186,392 93,066
377,152 280,348
Creditors: Amounts Falling Due Within One Year 7 (293,505 ) (328,791 )
NET CURRENT ASSETS (LIABILITIES) 83,647 (48,443 )
TOTAL ASSETS LESS CURRENT LIABILITIES 118,453 (5,451 )
Creditors: Amounts Falling Due After More Than One Year 8 - (2,917 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (2,798 ) (3,590 )
NET ASSETS/(LIABILITIES) 115,655 (11,958 )
CAPITAL AND RESERVES
Called up share capital 9 5,000 5,000
Profit and Loss Account 110,655 (16,958 )
SHAREHOLDERS' FUNDS 115,655 (11,958)
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Page 3
For the year ending 30 April 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.
On behalf of the board
Mr M J Tristram
Director
3 June 2025
The notes on pages 4 to 7 form part of these financial statements.
Page 3
Page 4
Notes to the Financial Statements
1. General Information
Loans Warehouse Limited is a private company, limited by shares, incorporated in England & Wales, registered number 05771864 . The registered office is 1a Boulevard Blackmoor Lane, Watford, Hertfordshire, WD18 8YW.
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.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
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 is computer software and development costs. It is amortised to profit and loss account over its estimated economic life of ten 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 33% on reducing balance
Computer Equipment 25% on reducing balance
2.5. Financial Instruments
Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.
Basic financial liabilities
Basic financial liabilities, including creditors, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.
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2.6. 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.
2.7. 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: 39 (2024: 39)
39 39
4. Intangible Assets
Other
£
Cost
As at 1 May 2024 43,907
As at 30 April 2025 43,907
Amortisation
As at 1 May 2024 19,813
Provided during the period 4,016
As at 30 April 2025 23,829
Net Book Value
As at 30 April 2025 20,078
As at 1 May 2024 24,094
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5. Tangible Assets
Fixtures & Fittings Computer Equipment Total
£ £ £
Cost
As at 1 May 2024 33,721 108,406 142,127
Additions - 1,048 1,048
As at 30 April 2025 33,721 109,454 143,175
Depreciation
As at 1 May 2024 31,684 91,545 123,229
Provided during the period 672 4,546 5,218
As at 30 April 2025 32,356 96,091 128,447
Net Book Value
As at 30 April 2025 1,365 13,363 14,728
As at 1 May 2024 2,037 16,861 18,898
6. Debtors
2025 2024
£ £
Due within one year
Trade debtors 2,346 -
Other debtors 188,414 187,282
190,760 187,282
7. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 59,947 80,464
Bank loans and overdrafts 2,917 35,000
Other creditors 210,918 161,235
Taxation and social security 19,723 52,092
293,505 328,791
8. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Bank loans - 2,917
9. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 5,000 5,000
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Page 7
10. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 May 2024 Amounts advanced Amounts repaid Amounts written off As at 30 April 2025
£ £ £ £ £
Mr Samuel Busfield 16,989 - - - 16,989
Mr Matthew Tristram 70,861 - - - 70,861
The above loan is unsecured, interest free and repayable on demand.
Page 7