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 12859117 Mr F Ali iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 12859117 frs-core:Non-currentFinancialInstruments frs-core:MoreThanFiveYears 2024-09-30 12859117 2023-09-30 12859117 2024-09-30 12859117 2023-10-01 2024-09-30 12859117 frs-core:CurrentFinancialInstruments 2024-09-30 12859117 frs-core:Non-currentFinancialInstruments 2024-09-30 12859117 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-10-01 2024-09-30 12859117 frs-core:ShareCapital 2024-09-30 12859117 frs-core:RetainedEarningsAccumulatedLosses 2024-09-30 12859117 frs-bus:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 12859117 frs-bus:FilletedAccounts 2023-10-01 2024-09-30 12859117 frs-bus:SmallEntities 2023-10-01 2024-09-30 12859117 frs-bus:AuditExemptWithAccountantsReport 2023-10-01 2024-09-30 12859117 frs-bus:SmallCompaniesRegimeForAccounts 2023-10-01 2024-09-30 12859117 frs-bus:Director1 2023-10-01 2024-09-30 12859117 frs-countries:EnglandWales 2023-10-01 2024-09-30 12859117 frs-core:Non-currentFinancialInstruments frs-core:MoreThanFiveYears 2023-09-30 12859117 2022-09-30 12859117 2023-09-30 12859117 2022-10-01 2023-09-30 12859117 frs-core:CurrentFinancialInstruments 2023-09-30 12859117 frs-core:Non-currentFinancialInstruments 2023-09-30 12859117 frs-core:ShareCapital 2023-09-30 12859117 frs-core:RetainedEarningsAccumulatedLosses 2023-09-30
Registered number: 12859117
Fast Dispatch Ltd
Unaudited Financial Statements
For The Year Ended 30 September 2024
Contents
Page
Accountant's Report 1
Balance Sheet 2—3
Notes to the Financial Statements 4—6
Page 1
Accountant's Report
Report to the director on the preparation of the unaudited statutory accounts of Fast Dispatch Ltd for the year ended 30 September 2024
To assist you to fulfil your duties under the Companies Act 2006, I have prepared for your approval the accounts of Fast Dispatch Ltd 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 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 director of Fast Dispatch Ltd , as a body, in accordance with the terms of our engagement letter dated. Our work has been undertaken solely to prepare for your approval the accounts of Fast Dispatch Ltd and state those matters that we have agreed to state to the director of Fast Dispatch Ltd , 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 Fast Dispatch Ltd and its director as a body for our work or for this report.
It is your duty to ensure that Fast Dispatch Ltd 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 Fast Dispatch Ltd . You consider that Fast Dispatch Ltd 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 Fast Dispatch Ltd . 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.
26 June 2025
Brightx Accounting Ltd
Chartered Certified Accountants
Queens Court
9-17 Eastern Road
Romford
Essex
RM1 3NH
Page 1
Page 2
Balance Sheet
Registered number: 12859117
2024 2023
Notes £ £ £ £
FIXED ASSETS
Investment Properties 4 646,780 646,780
646,780 646,780
CURRENT ASSETS
Debtors 5 359,383 322,239
Cash at bank and in hand 5,615 1,852
364,998 324,091
Creditors: Amounts Falling Due Within One Year 6 (620,965 ) (573,568 )
NET CURRENT ASSETS (LIABILITIES) (255,967 ) (249,477 )
TOTAL ASSETS LESS CURRENT LIABILITIES 390,813 397,303
Creditors: Amounts Falling Due After More Than One Year 7 (372,480 ) (385,589 )
NET ASSETS 18,333 11,714
CAPITAL AND RESERVES
Called up share capital 9 2 2
Profit and Loss Account 18,331 11,712
SHAREHOLDERS' FUNDS 18,333 11,714
Page 2
Page 3
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 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 Profit and Loss Account.
On behalf of the board
Mr F Ali
Director
26 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
Fast Dispatch Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 12859117 . The registered office is Weller House Suite E, 60 Longbridge Road, Barking, IG11 8RT.
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 relates to rental income and ancillary income for srevices provided. Rental income from investment property leased out under operating leases is recognised in the statement of comprehensive income on a straight-line basis over the rental term of the lease. Income is deferred when received in advance.
The rental term is non-cancellable period of the rental agreement, together with any further term for which the tenant has the option to continue the rental agreement, when, at the inception of the rental agreement it is reasonably certain that the tenant will excercise this option. Costs incurred in earning the rental income are recognised as an expense in the statement of comprehensive income.
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:
Freehold Not depreciated
2.4. Investment Properties
All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.
2.5. 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.
...CONTINUED
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2.5. Taxation - continued
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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2023: 1)
1 1
4. Investment Property
2024
£
Fair Value
As at 1 October 2023 and 30 September 2024 646,780
5. Debtors
2024 2023
£ £
Due within one year
Other debtors - 7,200
Amounts owed by other related entities 359,383 315,039
359,383 322,239
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 11,498 11,498
Bank loans and overdrafts 11,976 11,801
Corporation tax 4,300 2,747
Other creditors 591,387 546,238
Director's loan account 1,804 1,284
620,965 573,568
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 372,480 385,589
Of the creditors falling due after more than one year the following amounts are due after more than five years.
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2024 2023
£ £
Bank loans 299,028 322,356
8. Secured Creditors
Of the creditors due within one year and after one year, the following amounts are secured by way of  a legal charge over the freehold property of the company and by a cross guarantee provided by Fast Dispatch Ltd and AK9 Security and FM Solutions Ltd.
2024 2023
£ £
Bank loans and overdrafts 384,455 397,390
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 2 2
10. Related Party Transactions
Included within creditors due within one year is an amount of £591,487 (2023: £536,238) due to an entity under common control.
Included within creditors due within one year is an amount of £1,804 (2023: £1,284) due to the director of the company.
Included within debtors due within one year is an amount of £351,553 (2023: £315,039) due from an entity under common control.
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