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 04116726 Dr Q W Jalisi Dr T Sabri Miss M Ortiz true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 04116726 2023-03-31 04116726 2024-03-31 04116726 2023-04-01 2024-03-31 04116726 frs-core:CurrentFinancialInstruments 2024-03-31 04116726 frs-core:Non-currentFinancialInstruments 2024-03-31 04116726 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-03-31 04116726 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-04-01 2024-03-31 04116726 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-03-31 04116726 frs-core:PlantMachinery 2024-03-31 04116726 frs-core:PlantMachinery 2023-04-01 2024-03-31 04116726 frs-core:PlantMachinery 2023-03-31 04116726 frs-core:ShareCapital 2024-03-31 04116726 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 04116726 frs-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 04116726 frs-bus:FilletedAccounts 2023-04-01 2024-03-31 04116726 frs-bus:SmallEntities 2023-04-01 2024-03-31 04116726 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 04116726 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 04116726 1 2023-04-01 2024-03-31 04116726 frs-core:CostValuation 2023-03-31 04116726 frs-core:CostValuation 2024-03-31 04116726 frs-core:ProvisionsForImpairmentInvestments 2023-03-31 04116726 frs-core:ProvisionsForImpairmentInvestments 2024-03-31 04116726 frs-bus:Director1 2023-04-01 2024-03-31 04116726 frs-bus:Director2 2023-04-01 2024-03-31 04116726 frs-bus:CompanySecretary1 2023-04-01 2024-03-31 04116726 frs-countries:EnglandWales 2023-04-01 2024-03-31 04116726 2022-03-31 04116726 2023-03-31 04116726 2022-04-01 2023-03-31 04116726 frs-core:CurrentFinancialInstruments 2023-03-31 04116726 frs-core:Non-currentFinancialInstruments 2023-03-31 04116726 frs-core:ShareCapital 2023-03-31 04116726 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31
Registered number: 04116726
Flawless Money Limited
Unaudited Financial Statements
For The Year Ended 31 March 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 04116726
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 1,812,091 1,850,805
Investments 5 1,000 1,000
1,813,091 1,851,805
CURRENT ASSETS
Debtors 6 799,509 889,596
Cash at bank and in hand 62,087 931
861,596 890,527
Creditors: Amounts Falling Due Within One Year 7 (1,092,150 ) (764,521 )
NET CURRENT ASSETS (LIABILITIES) (230,554 ) 126,006
TOTAL ASSETS LESS CURRENT LIABILITIES 1,582,537 1,977,811
Creditors: Amounts Falling Due After More Than One Year 8 (340,850 ) (467,572 )
PROVISIONS FOR LIABILITIES
Deferred Taxation 9 (43,419 ) (54,164 )
NET ASSETS 1,198,268 1,456,075
CAPITAL AND RESERVES
Called up share capital 10 1 1
Profit and Loss Account 1,198,267 1,456,074
SHAREHOLDERS' FUNDS 1,198,268 1,456,075
Page 1
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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
Dr T Sabri
Director
19/06/2025
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Flawless Money Limited is a private company, limited by shares, incorporated in England & Wales, registered number 04116726 . The registered office is 5 The Crescent, Surbiton, Surrey, KT6 4BN.
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 financial statements have been presented in Pound Sterling as this is currency of the primary economic environment in which the company operates, and are rounded to the nearest pound.
2.2. Going Concern Disclosure
The directors expects that trading over the next twelve months will generate positive cash flows and they have therefore continued to adopt the going concern basis of preparing the 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:
Plant & Machinery 10%-25% on cost
2.5. 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.
2.6. 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.
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3. Average Number of Employees
Average number of employees, including directors, during the year was: 15 (2023: 15)
15 15
4. Tangible Assets
Land & Property
Leasehold Plant & Machinery Total
£ £ £
Cost
As at 1 April 2023 1,878,959 815,580 2,694,539
Additions - 48,666 48,666
Disposals - (234,461 ) (234,461 )
As at 31 March 2024 1,878,959 629,785 2,508,744
Depreciation
As at 1 April 2023 325,272 518,462 843,734
Provided during the period 20,290 61,593 81,883
Disposals - (228,964 ) (228,964 )
As at 31 March 2024 345,562 351,091 696,653
Net Book Value
As at 31 March 2024 1,533,397 278,694 1,812,091
As at 1 April 2023 1,553,687 297,118 1,850,805
5. Investments
Subsidiaries
£
Cost
As at 1 April 2023 1,000
As at 31 March 2024 1,000
Provision
As at 1 April 2023 -
As at 31 March 2024 -
Net Book Value
As at 31 March 2024 1,000
As at 1 April 2023 1,000
The above investment relates to the 100% ownership of MA Data Processing Ltd, a company incorporated and registered in the United Kingdom. 
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 380,796 335,851
Other debtors 418,713 553,745
799,509 889,596
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7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 204,337 124,744
Bank loans and overdrafts 122,353 117,392
Amounts owed to group undertakings 243,027 120,872
Other creditors 344,985 285,606
Taxation and social security 177,448 115,907
1,092,150 764,521
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 340,850 467,572
9. Deferred Taxation
The provision for deferred tax is made up as follows:
2024 2023
£ £
Other timing differences 43,419 54,164
10. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1 1
11. Related Party Transactions
During the year the company paid rent of £22,400 (2023: £18,900) to T Z Sabri a director of the company.
12. Ultimate Controlling Party
The company's ultimate controlling party is Dr T Sabri by virtue of his ownership of 100% of the issued share capital in the company.
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