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REGISTERED NUMBER: 07505284 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

ACSOFT HOLDINGS LIMITED

ACSOFT HOLDINGS LIMITED (REGISTERED NUMBER: 07505284)

CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 31 December 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


ACSOFT HOLDINGS LIMITED

COMPANY INFORMATION
for the year ended 31 December 2024







DIRECTORS: J J P Shelton
P A Rubens





SECRETARY: C Gaita Shelton





REGISTERED OFFICE: 11 Abbey Court
Fraser Road
Priory Business Park
Bedford
MK44 3WH





REGISTERED NUMBER: 07505284 (England and Wales)





ACCOUNTANTS: Magma Audit LLP
16 Davy Court
Castle Mound Way
Rugby, CV23 0UZ
Magma Audit LLP is part
Of the Dains Group

ACSOFT HOLDINGS LIMITED (REGISTERED NUMBER: 07505284)

BALANCE SHEET
31 December 2024

2024 2023
Notes £    £   
FIXED ASSETS
Investments 4 627,611 627,611

CURRENT ASSETS
Debtors 5 40,000 40,000
Cash at bank 741 704
40,741 40,704
CREDITORS
Amounts falling due within one year 6 (363,251 ) (373,176 )
NET CURRENT LIABILITIES (322,510 ) (332,472 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

305,101

295,139

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 305,100 295,138
SHAREHOLDERS' FUNDS 305,101 295,139

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 16 June 2025 and were signed on its behalf by:





P A Rubens - Director


ACSOFT HOLDINGS LIMITED (REGISTERED NUMBER: 07505284)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 December 2024


1. STATUTORY INFORMATION

AcSoft Holdings Limited is a limited company, registered in England and Wales. Its registered office address is 11 Abbey Court Fraser Road, Priory Business Park, Bedford, MK44 3WH and the registered number is 07505284.

The presentation currency of the financial statements is the Pound Sterling (£) and figures are rounded to the nearest £1.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Going concern
At the year end the company had net current liabilities of £322,510 (2023: £332,472). The director has agreed to continue funding the company for the foreseeable future. On this basis the director has prepared these financial statements on a going concern basis.

Preparation of consolidated financial statements
The financial statements contain information about AcSoft Holdings Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Financial instruments
(i) Financial assets

Basic financial assets, including trade and other debtors, cash and bank balances are initially recognised at transaction price, 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.

Such assets are subsequently carried at amortised cost using the effective interest rate method.

(ii) Financial liabilities

Basic financial liabilities, including trade and other 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.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate.

Taxation
The tax expense for the year comprises current and deferred tax.

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the Balance Sheet date, except that:

- The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
- Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Both current and deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Investments
Investment in the subsidiary company and the joint venture is held at cost less accumulated impairment losses.

ACSOFT HOLDINGS LIMITED (REGISTERED NUMBER: 07505284)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 December 2024


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. FIXED ASSET INVESTMENTS
Shares in Interest
group in joint
undertakings venture Totals
£    £    £   
COST
At 1 January 2024
and 31 December 2024 624,787 2,824 627,611
NET BOOK VALUE
At 31 December 2024 624,787 2,824 627,611
At 31 December 2023 624,787 2,824 627,611

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Amounts owed by group undertakings 40,000 40,000

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Amounts owed to group undertakings 21,800 21,800
Other creditors 341,451 351,376
363,251 373,176

7. RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.