Acorah Software Products - Accounts Production 16.3.350 false true true 31 March 2023 1 April 2022 false 1 April 2023 31 March 2024 31 March 2024 11382601 Mr F Martin Mr C Grove Mr L Meggitt Mr Grove and Mr Meggitt true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 11382601 2023-03-31 11382601 2024-03-31 11382601 2023-04-01 2024-03-31 11382601 frs-core:CurrentFinancialInstruments 2024-03-31 11382601 frs-core:ComputerEquipment 2024-03-31 11382601 frs-core:ComputerEquipment 2023-04-01 2024-03-31 11382601 frs-core:ComputerEquipment 2023-03-31 11382601 frs-core:ShareCapital 2024-03-31 11382601 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 11382601 frs-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 11382601 frs-bus:FilletedAccounts 2023-04-01 2024-03-31 11382601 frs-bus:SmallEntities 2023-04-01 2024-03-31 11382601 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 11382601 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 11382601 1 2023-04-01 2024-03-31 11382601 frs-bus:Director1 2023-04-01 2024-03-31 11382601 frs-bus:Director2 2023-04-01 2024-03-31 11382601 frs-bus:Director3 2023-04-01 2024-03-31 11382601 frs-countries:EnglandWales 2023-04-01 2024-03-31 11382601 2022-03-31 11382601 2023-03-31 11382601 2022-04-01 2023-03-31 11382601 frs-core:CurrentFinancialInstruments 2023-03-31 11382601 frs-core:ShareCapital 2023-03-31 11382601 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31
Registered number: 11382601
Forster Chase Advisory Limited
Unaudited Financial Statements
For The Year Ended 31 March 2024
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 11382601
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 252 959
252 959
CURRENT ASSETS
Debtors 5 137,201 242,811
Cash at bank and in hand 6,885 48,929
144,086 291,740
Creditors: Amounts Falling Due Within One Year 6 (470,307 ) (561,269 )
NET CURRENT ASSETS (LIABILITIES) (326,221 ) (269,529 )
TOTAL ASSETS LESS CURRENT LIABILITIES (325,969 ) (268,570 )
NET LIABILITIES (325,969 ) (268,570 )
CAPITAL AND RESERVES
Called up share capital 7 375 375
Profit and Loss Account (326,344 ) (268,945 )
SHAREHOLDERS' FUNDS (325,969) (268,570)
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For the year ending 31 March 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 C Grove
Director
11 June 2025
The notes on pages 3 to 5 form part of these financial statements.
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Page 3
Notes to the Financial Statements
1. General Information
Forster Chase Advisory Limited is a private company, limited by shares, incorporated in England & Wales, registered number 11382601 . The registered office is Warnford Court, 29 Throgmorton Street, London, EC2N 2AT.
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. Going Concern Disclosure
At the time of approving the financial statements the directors have a reasonable expectation tha the company has adequate resources to continue in operational existence for the foreseeable future.
The directors continue to adopt the going concern basis of accounting in preparing financial statements.
2.3. 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.
2.4. 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:
Computer Equipment 33% on cost
2.5. Financial Instruments
The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, and loans to related parties.
2.6. 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.
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.
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3. Average Number of Employees
Average number of employees, including directors, during the year was: 5 (2023: 10)
5 10
4. Tangible Assets
Computer Equipment
£
Cost
As at 1 April 2023 2,452
As at 31 March 2024 2,452
Depreciation
As at 1 April 2023 1,493
Provided during the period 707
As at 31 March 2024 2,200
Net Book Value
As at 31 March 2024 252
As at 1 April 2023 959
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 123,177 172,297
Prepayments and accrued income 1,232 50,279
Other debtors - 20,235
VAT 12,792 -
137,201 242,811
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 40,834 342,851
Bank loans and overdrafts 30,117 37,271
Corporation tax 1,876 1,876
Other taxes and social security - 10,956
VAT - 30,991
Net wages 24,973 -
Other creditors 337,009 113,781
Accruals and deferred income 35,498 23,543
470,307 561,269
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7. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 375 375
Number
Class
Nominal
31.3.24
31.3.23
Value
£
£
19,400
Ordinary A shares
£0.01
194.00
194.00
10,600
Ordinary B shares
£0.01
106.00
106.00
3,750
Ordinary G1 shares
£0.01
37.50
37.50
3,750
Ordinary G2 shares
£0.01
37.50
image
37.50
image
375.00
image
375.00
image
8. Related Party Transactions
Forster Chase Group Limited
There is an oustanding loan payable to Forster Chase Group Limited of £290,831 (2023: £20,236 loan due from Forster Chase Group Limited).
A company under common control.
This loan is interest free and repayable upon demand.
Forster Chase Limited
There is an outstanding loan payable to Forster Chase Advisory Limited of £36,179 (2023: £113,781).
A company under common control .
This loan is interest free and repayable upon demand.
Forster Chase Interim Limited
There is an oustanding loan payable to Forster Chase Interim Limited of £10,000 (2023: £60,000).
A company under common control.
This company has dissolved.
9. Ultimate Controlling Party
The company's ultimate controlling party is Mr Grove and Mr Meggitt by virtue of their majority shareholding in the parent company.
10. Going concern
Total liabilities exceed total assets however, the company is able to meet any liabilities that may fall due.
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