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Registered number: 10329465
Greenacre Financial Services Limited
Unaudited Financial Statements
For The Year Ended 30 September 2024
Starfish Accounting Ltd
ICAEW
The Bowler Barn
Bartletts Court
Littlewick Green
Berkshire
SL6 3RX
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—4
Page 1
Balance Sheet
Registered number: 10329465
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 1,061 830
1,061 830
CURRENT ASSETS
Debtors 5 577,311 714,610
Cash at bank and in hand 19,454 172
596,765 714,782
Creditors: Amounts Falling Due Within One Year 6 (430,497 ) (182,285 )
NET CURRENT ASSETS (LIABILITIES) 166,268 532,497
TOTAL ASSETS LESS CURRENT LIABILITIES 167,329 533,327
NET ASSETS 167,329 533,327
CAPITAL AND RESERVES
Called up share capital 7 1 1
Profit and Loss Account 167,328 533,326
SHAREHOLDERS' FUNDS 167,329 533,327
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 Profit and Loss Account.
On behalf of the board
Gregory Stanworth
Director
23/06/2025
The notes on pages 2 to 4 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
Greenacre Financial Services Limited is a private company, limited by shares, incorporated in England & Wales, registered number 10329465 . The registered office is Winslow House, Church Lane, Sunninghill, SL5 7ED.
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 includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
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:
Plant & Machinery over 3 to 4 years
2.4. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
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
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2.7. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
2.8. Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
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2.9. Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 5 (2023: 5)
5 5
4. Tangible Assets
Plant & Machinery
£
Cost
As at 1 October 2023 4,478
Additions 779
As at 30 September 2024 5,257
Depreciation
As at 1 October 2023 3,648
Provided during the period 548
As at 30 September 2024 4,196
Net Book Value
As at 30 September 2024 1,061
As at 1 October 2023 830
5. Debtors
2024 2023
£ £
Due within one year
Other debtors 577,311 714,610
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 1,107 3
Bank loans and overdrafts 324,589 -
Other creditors 2,364 1,250
Taxation and social security 102,437 181,032
430,497 182,285
7. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1 1
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Page 4
8. Other Commitments
The total of future minimum lease payments under non-cancellable operating leases are as following:
2024 2023
£ £
Not later than one year 4,860 11,664
Later than one year and not later than five years - 4,860
4,860 16,524
9. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 October 2023 Amounts advanced Amounts repaid Amounts written off As at 30 September 2024
£ £ £ £ £
Mr Gregory Stanworth 84,154 395,518 (216,538 ) - 263,134
Mrs Sasha Stanworth 84,154 395,518 (216,538 ) - 263,134
The above loan is unsecured, interest free and repayable on demand.
10. Related Party Transactions
During the period the company paid dividends of £300,000 (2023: £173,000) and remuneration of £24,541 (2023: £25,140) to the directors.
As at 30 September 2024, the the company was owed £50,059 (2023: £47,429) by a related company, Greenacre Property Services Limited. This amount is repayable on demand, and is disclosed within other debtors.
11. Controlling Party
The company was controlled throughout the period by the director, Gregory Stanworth.
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