Acorah Software Products - Accounts Production 16.4.675 false true 30 April 2024 1 May 2023 false 1 May 2024 30 April 2025 30 April 2025 10723098 Mr E Beqaj Mr B Laku Mr O Koxha iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 10723098 2024-04-30 10723098 2025-04-30 10723098 2024-05-01 2025-04-30 10723098 frs-core:CurrentFinancialInstruments 2025-04-30 10723098 frs-core:Non-currentFinancialInstruments 2025-04-30 10723098 frs-core:FurnitureFittings 2025-04-30 10723098 frs-core:FurnitureFittings 2024-05-01 2025-04-30 10723098 frs-core:FurnitureFittings 2024-04-30 10723098 frs-core:ShareCapital 2025-04-30 10723098 frs-core:RetainedEarningsAccumulatedLosses 2025-04-30 10723098 frs-bus:PrivateLimitedCompanyLtd 2024-05-01 2025-04-30 10723098 frs-bus:FilletedAccounts 2024-05-01 2025-04-30 10723098 frs-bus:SmallEntities 2024-05-01 2025-04-30 10723098 frs-bus:AuditExempt-NoAccountantsReport 2024-05-01 2025-04-30 10723098 frs-bus:SmallCompaniesRegimeForAccounts 2024-05-01 2025-04-30 10723098 frs-bus:Director1 2024-05-01 2025-04-30 10723098 frs-bus:Director2 2024-05-01 2025-04-30 10723098 frs-bus:Director3 2024-05-01 2025-04-30 10723098 frs-core:CurrentFinancialInstruments 1 2025-04-30 10723098 frs-countries:EnglandWales 2024-05-01 2025-04-30 10723098 2023-04-30 10723098 2024-04-30 10723098 2023-05-01 2024-04-30 10723098 frs-core:CurrentFinancialInstruments 2024-04-30 10723098 frs-core:Non-currentFinancialInstruments 2024-04-30 10723098 frs-core:ShareCapital 2024-04-30 10723098 frs-core:RetainedEarningsAccumulatedLosses 2024-04-30 10723098 frs-core:CurrentFinancialInstruments 1 2024-04-30
Registered number: 10723098
Cashbook Finance Limited
Financial Statements
For The Year Ended 30 April 2025
Devonports LAS Accountants Ltd
Cumberland House
24 - 28 Baxter Avenue
Southend on Sea
Essex
SS2 6HZ
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 10723098
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 51 63
51 63
CURRENT ASSETS
Debtors 5 2,454,162 1,067,333
Cash at bank and in hand 3,200 813,244
2,457,362 1,880,577
Creditors: Amounts Falling Due Within One Year 6 (943,947 ) (936,229 )
NET CURRENT ASSETS (LIABILITIES) 1,513,415 944,348
TOTAL ASSETS LESS CURRENT LIABILITIES 1,513,466 944,411
Creditors: Amounts Falling Due After More Than One Year 7 (1,492,047 ) (923,006 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (10 ) (78 )
NET ASSETS 21,409 21,327
CAPITAL AND RESERVES
Called up share capital 8 200 200
Profit and Loss Account 21,209 21,127
SHAREHOLDERS' FUNDS 21,409 21,327
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For the year ending 30 April 2025 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 E Beqaj
Director
12/06/2025
The notes on pages 3 to 6 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Cashbook Finance Limited is a private company, limited by shares, incorporated in England & Wales, registered number 10723098 . The registered office is Cumberland House, 24-28 Baxter Avenue, Southend on Sea, Essex, SS2 6HZ.
The company's principal activity during the year continued to be that of invoice financing in the form of invoice discounting and factoring, bridge loans, supply chain finance and timesheet finance. 
Cashbook Finance Limited is registered with the financial regulatory body in the United Kingdom, the FCA (Financial Conduct Authority, Registration Number 782472). Since it was established in 2017, the Company has provided over £15.7 million in funding to several businesses in many industries.
Such experience has allowed the Company to develop a market-leading product range that gives British businesses the funding they need. The Company can be flexible so as to provide clients with the best mix of funding to suit their needs from one or a combination of the following core products:
Invoice Finance offers immediate cash advances against approved unpaid invoices. This product is suitable for businesses that have money tied up in unpaid invoices. Cashbook Finance offers invoice discounting where the customer continues to manage its credit control and sales ledger and factoring, where Cashbook Finance takes responsibility for the client’s credit control and collection. The company also has variants of Invoice Financing tailored specifically for the Construction industry.
Bridging Finance is a funding solution whereby funds advanced are secured against property with repayment through either the sale of the property or exit to another form of funding, typically a longer-term mortgage. Term can range from 6 months to 18 months and loans can be either serviced or repayable in full on maturity.
Reverse Invoice Factoring is when a finance company, such as a Financial Institution, interposes itself between a company and its’ suppliers and commits to pay the company's invoices to the suppliers at an accelerated rate in exchange for a discount. This is a lower-cost form of financing that accelerates accounts receivable receipts for suppliers.
Timesheet Finance can convert a monthly income to a weekly income by giving independent contractors and freelancers’ the liquidity they need. Once timesheets are submitted, 80% of the value of these documents is transferred straight away. Approved timesheets are a vehicle that demonstrates that debt exists and by sending cash advances for it, the financier simply purchases the right to receive payment.
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.
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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.
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% reducing balance
2.4. 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.
2.5. 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.
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.
...CONTINUED
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2.5. Taxation - continued
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: 5 (2024: 9)
5 9
4. Tangible Assets
Fixtures & Fittings
£
Cost
As at 1 May 2024 155
As at 30 April 2025 155
Depreciation
As at 1 May 2024 92
Provided during the period 12
As at 30 April 2025 104
Net Book Value
As at 30 April 2025 51
As at 1 May 2024 63
5. Debtors
2025 2024
£ £
Due within one year
Trade debtors 89,530 -
Prepayments and accrued income 10,067 2,829
Other debtors 2,354,565 1,064,504
2,454,162 1,067,333
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6. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 474 -
Bank loans and overdrafts 39 -
Corporation tax 1,146 2,300
Other taxes and social security 1,851 1,818
Other creditors - pension 549 910
Natwest credit card 1,597 -
Accruals and deferred income 1,348 1,258
Directors' loan accounts 936,943 929,943
943,947 936,229
7. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Other loans 1,339,995 913,995
Accruals and deferred income 152,052 9,011
1,492,047 923,006
8. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 200 200
9. Related Party Transactions
The company accrued loan interest of £20,000  (2024: £0)from Cashflow Zone Ltd a company in which Endrit Beqaj is the sole director and 100% Shareholder.
The company income includes £7,808 (2024: £19,980) receivable from Projects works Limited a company in which Endrit Beqaj is the sole director and 100% Shareholder.
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