Acorah Software Products - Accounts Production 16.3.350 false true 30 September 2023 1 October 2022 false 1 October 2023 30 September 2024 30 September 2024 08673834 Mr M Talpur Ms S Alam Mr M Talpur and Mrs S Alam true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 08673834 2023-09-30 08673834 2024-09-30 08673834 2023-10-01 2024-09-30 08673834 frs-core:CurrentFinancialInstruments 2024-09-30 08673834 frs-core:Non-currentFinancialInstruments 2024-09-30 08673834 frs-core:FurnitureFittings 2024-09-30 08673834 frs-core:FurnitureFittings 2023-10-01 2024-09-30 08673834 frs-core:FurnitureFittings 2023-09-30 08673834 frs-core:ShareCapital 2024-09-30 08673834 frs-core:RetainedEarningsAccumulatedLosses 2024-09-30 08673834 frs-bus:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 08673834 frs-bus:FilletedAccounts 2023-10-01 2024-09-30 08673834 frs-bus:SmallEntities 2023-10-01 2024-09-30 08673834 frs-bus:AuditExempt-NoAccountantsReport 2023-10-01 2024-09-30 08673834 frs-bus:SmallCompaniesRegimeForAccounts 2023-10-01 2024-09-30 08673834 1 2023-10-01 2024-09-30 08673834 frs-bus:Director1 2023-10-01 2024-09-30 08673834 frs-bus:Director2 2023-10-01 2024-09-30 08673834 frs-countries:EnglandWales 2023-10-01 2024-09-30 08673834 2022-09-30 08673834 2023-09-30 08673834 2022-10-01 2023-09-30 08673834 frs-core:CurrentFinancialInstruments 2023-09-30 08673834 frs-core:Non-currentFinancialInstruments 2023-09-30 08673834 frs-core:ShareCapital 2023-09-30 08673834 frs-core:RetainedEarningsAccumulatedLosses 2023-09-30
Registered number: 08673834
CINCH TECHNOLOGIES LIMITED
Unaudited Financial Statements
For The Year Ended 30 September 2024
Contents
Page
Statement of Financial Position 1—2
Notes to the Financial Statements 3—5
Page 1
Statement of Financial Position
Registered number: 08673834
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 2,387 2,652
2,387 2,652
CURRENT ASSETS
Cash at bank and in hand 3,939 333
3,939 333
Creditors: Amounts Falling Due Within One Year 5 (1,200 ) (1,200 )
NET CURRENT ASSETS (LIABILITIES) 2,739 (867 )
TOTAL ASSETS LESS CURRENT LIABILITIES 5,126 1,785
Creditors: Amounts Falling Due After More Than One Year 6 (90,137 ) (98,255 )
NET LIABILITIES (85,011 ) (96,470 )
CAPITAL AND RESERVES
Called up share capital 7 100 100
Income Statement (85,111 ) (96,570 )
SHAREHOLDERS' FUNDS (85,011) (96,470)
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For the year ending 30 September 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 Income Statement.
On behalf of the board
Mr M Talpur
Director
Ms S Alam
Director
13/06/2025
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
CINCH TECHNOLOGIES LIMITED is a private company, limited by shares, incorporated in England & Wales, registered number 08673834 . The registered office is One Croydon Cinch Technologies 11th Floor (1108), 12-16 Addiscombe Road, Croydon, Greater London, CR0 0XT.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the FRS 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 are prepared in sterling , which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.
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.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
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:
Fixtures & Fittings 20% p.a. reducing balance
2.4. Financial Instruments
The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's statement of financial position when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method 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. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities
Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, 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. Financial liabilities classified as payable within one year are not amortised.

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

...CONTINUED
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2.4. Financial Instruments - continued
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.


Equity Instrument
Equity instruments issued by the company are recorded at the proceeds received, net of direct issue costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

3. Average Number of Employees
Average number of employees, including directors, during the year was:
2024 2023
Office and administration 2 2
2 2
4. Tangible Assets
Fixtures & Fittings
£
Cost
As at 1 October 2023 4,972
As at 30 September 2024 4,972
Depreciation
As at 1 October 2023 2,320
Provided during the period 265
As at 30 September 2024 2,585
Net Book Value
As at 30 September 2024 2,387
As at 1 October 2023 2,652
5. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Accruals and deferred income 1,200 1,200
6. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Other creditors 32,533 36,033
Directors loan account 57,604 62,222
90,137 98,255
7. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
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8. Ultimate Controlling Party
The company's ultimate controlling party is Mr M Talpur and Mrs S Alam by virtue of their ownership of 100% of the issued share capital in the company.
Page 5