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 09512424 Mr G Popa Mrs G V Popa iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 09512424 2024-03-31 09512424 2025-03-31 09512424 2024-04-01 2025-03-31 09512424 frs-core:Non-currentFinancialInstruments 2025-03-31 09512424 frs-core:BetweenOneFiveYears 2025-03-31 09512424 frs-core:ComputerEquipment 2024-04-01 2025-03-31 09512424 frs-core:MotorVehicles 2024-04-01 2025-03-31 09512424 frs-core:PlantMachinery 2024-04-01 2025-03-31 09512424 frs-core:WithinOneYear 2025-03-31 09512424 frs-core:ShareCapital 2025-03-31 09512424 frs-core:RetainedEarningsAccumulatedLosses 2025-03-31 09512424 frs-bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 09512424 frs-bus:AbridgedAccounts 2024-04-01 2025-03-31 09512424 frs-bus:SmallEntities 2024-04-01 2025-03-31 09512424 frs-bus:AuditExempt-NoAccountantsReport 2024-04-01 2025-03-31 09512424 frs-bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 09512424 frs-bus:Director1 2024-04-01 2025-03-31 09512424 frs-bus:CompanySecretary1 2024-04-01 2025-03-31 09512424 frs-countries:EnglandWales 2024-04-01 2025-03-31 09512424 2023-03-31 09512424 2024-03-31 09512424 2023-04-01 2024-03-31 09512424 frs-core:Non-currentFinancialInstruments 2024-03-31 09512424 frs-core:BetweenOneFiveYears 2024-03-31 09512424 frs-core:WithinOneYear 2024-03-31 09512424 frs-core:ShareCapital 2024-03-31 09512424 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31
Registered number: 09512424
FYS Ltd
Unaudited ABRIDGED Financial Statements
For The Year Ended 31 March 2025
Warner & Co Accountants Limited
Contents
Page
Abridged Statement of Financial Position 1—2
Notes to the Abridged Financial Statements 3—4
Page 1
Abridged Statement of Financial Position
Registered number: 09512424
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 12,309 3,767
12,309 3,767
CURRENT ASSETS
Debtors 3,197 2,792
Cash at bank and in hand 947 1,370
4,144 4,162
Creditors: Amounts Falling Due Within One Year (24,871 ) (25,631 )
NET CURRENT ASSETS (LIABILITIES) (20,727 ) (21,469 )
TOTAL ASSETS LESS CURRENT LIABILITIES (8,418 ) (17,702 )
Creditors: Amounts Falling Due After More Than One Year (10,695 ) (2,164 )
NET LIABILITIES (19,113 ) (19,866 )
CAPITAL AND RESERVES
Called up share capital 6 2 2
Income Statement (19,115 ) (19,868 )
SHAREHOLDERS' FUNDS (19,113) (19,866)
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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 member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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 Income Statement.
All of the company's members have consented to the preparation of an Abridged Income Statement and an Abridged Statement of Financial Position for the year end 31 March 2025 in accordance with section 444(2A) of the Companies Act 2006.
On behalf of the board
Mr G Popa
Director
03/06/2025
The notes on pages 3 to 4 form part of these financial statements.
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Notes to the Abridged Financial Statements
1. General Information
FYS Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 09512424 . The registered office is 113 Berecroft, Harlow, Essex, CM18 7SD.
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. 
The accounts have been prepared on the going concern basis despite the balance sheet showing an insolvent
position at the year end date. Net liabilities as at 31st March 2025 were £19,079, (2024 £19,866).
Given that the company has the support of the director and is not calling upon the directors loan account of
£18,918, it therefore supports the view that the company remains a going concern.
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. 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%
Motor Vehicles 25%
Computer Equipment 33%
2.4. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the income statement so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to income statement as incurred.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2024: 2)
1 2
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4. Tangible Assets
Total
£
Cost
As at 1 April 2024 13,031
Additions 14,921
As at 31 March 2025 27,952
Depreciation
As at 1 April 2024 9,264
Provided during the period 6,379
As at 31 March 2025 15,643
Net Book Value
As at 31 March 2025 12,309
As at 1 April 2024 3,767
5. Obligations Under Finance Leases and Hire Purchase
2025 2024
£ £
The future minimum finance lease payments are as follows:
Not later than one year 3,381 -
Later than one year and not later than five years 12,971 -
16,352 -
Less: Finance charges allocated to future periods 3,362 -
12,990 -
6. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 2 2
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