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 10569910 Mr Andrew Woolmer Mrs Grainne Brankin Mr Claude Goulet Mr Tobias Johnson Mr Nigel Beattie Mr Richard Gladwin iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 10569910 2024-03-31 10569910 2025-03-31 10569910 2024-04-01 2025-03-31 10569910 frs-core:CurrentFinancialInstruments 2025-03-31 10569910 frs-core:ComputerEquipment 2025-03-31 10569910 frs-core:ComputerEquipment 2024-04-01 2025-03-31 10569910 frs-core:ComputerEquipment 2024-03-31 10569910 frs-core:PlantMachinery 2025-03-31 10569910 frs-core:PlantMachinery 2024-04-01 2025-03-31 10569910 frs-core:PlantMachinery 2024-03-31 10569910 frs-core:SharePremium 2025-03-31 10569910 frs-core:ShareCapital 2025-03-31 10569910 frs-core:RetainedEarningsAccumulatedLosses 2025-03-31 10569910 frs-bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 10569910 frs-bus:FilletedAccounts 2024-04-01 2025-03-31 10569910 frs-bus:SmallEntities 2024-04-01 2025-03-31 10569910 frs-bus:AuditExemptWithAccountantsReport 2024-04-01 2025-03-31 10569910 frs-bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 10569910 frs-core:ListedExchangeTraded 2025-03-31 10569910 frs-core:ListedExchangeTraded 2024-03-31 10569910 frs-core:CostValuation frs-core:ListedExchangeTraded 2024-03-31 10569910 frs-core:CostValuation frs-core:ListedExchangeTraded 2025-03-31 10569910 frs-core:ProvisionsForImpairmentInvestments frs-core:ListedExchangeTraded 2024-03-31 10569910 frs-core:ProvisionsForImpairmentInvestments frs-core:ListedExchangeTraded 2025-03-31 10569910 frs-bus:Director1 2024-04-01 2025-03-31 10569910 frs-bus:Director2 2024-04-01 2025-03-31 10569910 frs-bus:Director3 2024-04-01 2025-03-31 10569910 frs-bus:Director4 2024-04-01 2025-03-31 10569910 frs-bus:Director5 2024-04-01 2025-03-31 10569910 frs-bus:Director6 2024-04-01 2025-03-31 10569910 frs-countries:EnglandWales 2024-04-01 2025-03-31 10569910 2023-03-31 10569910 2024-03-31 10569910 2023-04-01 2024-03-31 10569910 frs-core:CurrentFinancialInstruments 2024-03-31 10569910 frs-core:SharePremium 2024-03-31 10569910 frs-core:ShareCapital 2024-03-31 10569910 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31
Registered number: 10569910
Siege FX Limited
Unaudited Financial Statements
For The Year Ended 31 March 2025
Anderson Ross Accounting & Tax Ltd
G-05 Davenport House
16 Pepper Street
London
E14 9RP
Contents
Page
Accountants' Report 1
Balance Sheet 2—3
Notes to the Financial Statements 4—6
Page 1
Accountants' Report
Report to the directors on the preparation of the unaudited statutory accounts of Siege FX Limited for the year ended 31 March 2025
To assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Siege FX 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 firm 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 Siege FX Limited , as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Siege FX Limited and state those matters that we have agreed to state to the directors of Siege FX 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 Siege FX Limited and its directors as a body for our work or for this report.
It is your duty to ensure that Siege FX 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 Siege FX Limited . You consider that Siege FX 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 Siege FX 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.
Anderson Ross Accounting & Tax Ltd
16 June 2025
Anderson Ross Accounting & Tax Ltd
G-05 Davenport House
16 Pepper Street
London
E14 9RP
Page 1
Page 2
Balance Sheet
Registered number: 10569910
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 32,549 38,519
Investments 5 4 4
32,553 38,523
CURRENT ASSETS
Debtors 6 1,597,108 1,426,451
Cash at bank and in hand 693,764 517,976
2,290,872 1,944,427
Creditors: Amounts Falling Due Within One Year 7 (105,355 ) (411,088 )
NET CURRENT ASSETS (LIABILITIES) 2,185,517 1,533,339
TOTAL ASSETS LESS CURRENT LIABILITIES 2,218,070 1,571,862
NET ASSETS 2,218,070 1,571,862
CAPITAL AND RESERVES
Called up share capital 8 580 514
Share premium account 8,339,688 6,909,794
Profit and Loss Account (6,122,198 ) (5,338,446 )
SHAREHOLDERS' FUNDS 2,218,070 1,571,862
Page 2
Page 3
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 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 Claude Goulet
Director
16 June 2025
The notes on pages 4 to 6 form part of these financial statements.
Page 3
Page 4
Notes to the Financial Statements
1. General Information
Siege FX Limited is a private company, limited by shares, incorporated in England & Wales, registered number 10569910 . The registered office is 8th Floor 71 Queen Victoria Street, London, EC4V 4AY.
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 rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
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 10% Straight Line
Computer Equipment 25% Straight Line
2.4. 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.
2.5. Taxation
Income tax expense represents the sum of the tax currently payable.
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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 8 (2024: 8)
8 8
Page 4
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4. Tangible Assets
Plant & Machinery Computer Equipment Total
£ £ £
Cost
As at 1 April 2024 35,681 24,893 60,574
Disposals - (1,550 ) (1,550 )
As at 31 March 2025 35,681 23,343 59,024
Depreciation
As at 1 April 2024 1,209 20,846 22,055
Provided during the period 3,628 792 4,420
As at 31 March 2025 4,837 21,638 26,475
Net Book Value
As at 31 March 2025 30,844 1,705 32,549
As at 1 April 2024 34,472 4,047 38,519
5. Investments
Listed
£
Cost
As at 1 April 2024 4
As at 31 March 2025 4
Provision
As at 1 April 2024 -
As at 31 March 2025 -
Net Book Value
As at 31 March 2025 4
As at 1 April 2024 4
6. Debtors
2025 2024
£ £
Due within one year
Trade debtors 65,315 36,090
Prepayments and accrued income 45,017 36,983
Other debtors 1,466,624 1,339,971
VAT 20,152 13,407
1,597,108 1,426,451
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Page 6
7. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 32,095 37,926
Other taxes and social security 38,469 29,425
Accruals and deferred income 9,750 6,700
Directors' loan accounts 25,041 337,037
105,355 411,088
8. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 580 514
9. Related Party Transactions
Included in creditors falling due within one year is an amount of £25,041 (2024: £337,037) payable to the director of the company. The interest of 5% per annum is agreed between lender and borrower.
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