Acorah Software Products - Accounts Production 16.3.350 false true 31 December 2023 1 January 2023 false 1 January 2024 31 December 2024 31 December 2024 07880417 Mr Andrew Fountain Mrs Elaine Fountain Mr James Fountain Ms Rebecca Fountain iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 07880417 2023-12-31 07880417 2024-12-31 07880417 2024-01-01 2024-12-31 07880417 frs-core:CurrentFinancialInstruments 2024-12-31 07880417 frs-core:Non-currentFinancialInstruments 2024-12-31 07880417 frs-core:PlantMachinery 2024-12-31 07880417 frs-core:PlantMachinery 2024-01-01 2024-12-31 07880417 frs-core:PlantMachinery 2023-12-31 07880417 frs-core:ShareCapital 2024-12-31 07880417 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 07880417 frs-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 07880417 frs-bus:FilletedAccounts 2024-01-01 2024-12-31 07880417 frs-bus:SmallEntities 2024-01-01 2024-12-31 07880417 frs-bus:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 07880417 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 07880417 frs-bus:Director1 2024-01-01 2024-12-31 07880417 frs-bus:Director1 2023-12-31 07880417 frs-bus:Director1 2024-12-31 07880417 frs-bus:Director2 2024-01-01 2024-12-31 07880417 frs-bus:Director2 2023-12-31 07880417 frs-bus:Director2 2024-12-31 07880417 frs-bus:Director3 2024-01-01 2024-12-31 07880417 frs-bus:Director4 2024-01-01 2024-12-31 07880417 frs-core:CurrentFinancialInstruments 1 2024-12-31 07880417 frs-countries:EnglandWales 2024-01-01 2024-12-31 07880417 2022-12-31 07880417 2023-12-31 07880417 2023-01-01 2023-12-31 07880417 frs-core:CurrentFinancialInstruments 2023-12-31 07880417 frs-core:Non-currentFinancialInstruments 2023-12-31 07880417 frs-core:ShareCapital 2023-12-31 07880417 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 07880417 frs-core:CurrentFinancialInstruments 1 2023-12-31
Registered number: 07880417
Outsourced Compliance Services Ltd
Unaudited Financial Statements
For The Year Ended 31 December 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 07880417
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 1,245 2,304
1,245 2,304
CURRENT ASSETS
Debtors 5 14,352 15,136
Cash at bank and in hand 78,711 81,175
93,063 96,311
Creditors: Amounts Falling Due Within One Year 6 (16,781 ) (24,975 )
NET CURRENT ASSETS (LIABILITIES) 76,282 71,336
TOTAL ASSETS LESS CURRENT LIABILITIES 77,527 73,640
Creditors: Amounts Falling Due After More Than One Year 7 (2,333 ) (6,333 )
NET ASSETS 75,194 67,307
CAPITAL AND RESERVES
Called up share capital 8 100 100
Profit and Loss Account 75,094 67,207
SHAREHOLDERS' FUNDS 75,194 67,307
Page 1
Page 2
For the year ending 31 December 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
Mr Andrew Fountain
Director
19 June 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
Outsourced Compliance Services Ltd Registered number 07880417 is a limited by shares company incorporated in England & Wales. The Registered Office is 21 Hempland Lane, York, YO31 1AZ.
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 comprises 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 stated at cost less depreciation. 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 33% on cost
2.4. Registrar Filing Requirements
The company has taken advantage of Companies Act 2006 section 444(1) and opted not to file the profit and loss account, directors report, and notes to the financial statements relating to the profit and loss account.
3. Average Number of Employees
The average number of employees, including directors, during the year was: 2 (2023: 2)
2 2
4. Tangible Assets
Plant & Machinery
£
Cost
As at 1 January 2024 3,798
Additions 161
Disposals (718 )
As at 31 December 2024 3,241
Depreciation
As at 1 January 2024 1,494
Provided during the period 1,220
Disposals (718 )
As at 31 December 2024 1,996
...CONTINUED
Page 3
Page 4
Net Book Value
As at 31 December 2024 1,245
As at 1 January 2024 2,304
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 4,900 4,868
Directors' current accounts 9,452 10,268
14,352 15,136
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Bank loans and overdrafts 4,000 4,000
Corporation tax 7,892 15,942
Other taxes and social security 508 209
VAT 2,941 4,103
Accruals and deferred income 1,440 721
16,781 24,975
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 2,333 6,333
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
Page 4
Page 5
9. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 January 2024 Amounts advanced Amounts repaid Amounts written off As at 31 December 2024
£ £ £ £ £
Mr Andrew Fountain 5,134 4,726 (5,134 ) - 4,726
Mrs Elaine Fountain 5,134 4,726 (5,134 ) - 4,726
The above loans are unsecured, interest free and have been repaid in full since the year end.
Dividends paid to directors
2024 2023
£ £
Mr James Fountain - 1,000
Ms Rebecca Fountain - 1,000
Mrs Elaine Fountain 14,700 4,000
Mr Andrew Fountain 10,000 53,800
Page 5