Acorah Software Products - Accounts Production 16.4.675 false true 31 March 2024 1 April 2023 false 1 April 2024 31 March 2025 31 March 2025 06170780 Miss Alison Jeacock Power Miss Kate Sharland true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 06170780 2024-03-31 06170780 2025-03-31 06170780 2024-04-01 2025-03-31 06170780 frs-core:CurrentFinancialInstruments 2025-03-31 06170780 frs-core:PlantMachinery 2025-03-31 06170780 frs-core:PlantMachinery 2024-04-01 2025-03-31 06170780 frs-core:PlantMachinery 2024-03-31 06170780 frs-core:ShareCapital 2025-03-31 06170780 frs-core:RetainedEarningsAccumulatedLosses 2025-03-31 06170780 frs-bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 06170780 frs-bus:FilletedAccounts 2024-04-01 2025-03-31 06170780 frs-bus:SmallEntities 2024-04-01 2025-03-31 06170780 frs-bus:AuditExempt-NoAccountantsReport 2024-04-01 2025-03-31 06170780 frs-bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 06170780 1 2024-04-01 2025-03-31 06170780 frs-bus:Director1 2024-04-01 2025-03-31 06170780 frs-bus:Director2 2024-04-01 2025-03-31 06170780 frs-countries:EnglandWales 2024-04-01 2025-03-31 06170780 2023-03-31 06170780 2024-03-31 06170780 2023-04-01 2024-03-31 06170780 frs-core:CurrentFinancialInstruments 2024-03-31 06170780 frs-core:ShareCapital 2024-03-31 06170780 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31
Registered number: 06170780
Finiti Search Limited
Unaudited Financial Statements
For The Year Ended 31 March 2025
Smith Hannah Limited
Chartered Certified Accountants
50 Woodgate
Leicester
LE3 5GF
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 06170780
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 11,795 11,366
11,795 11,366
CURRENT ASSETS
Debtors 5 41,350 28,000
Investments 6 4,329 4,329
Cash at bank and in hand 79,005 52,754
124,684 85,083
Creditors: Amounts Falling Due Within One Year 7 (90,702 ) (56,026 )
NET CURRENT ASSETS (LIABILITIES) 33,982 29,057
TOTAL ASSETS LESS CURRENT LIABILITIES 45,777 40,423
NET ASSETS 45,777 40,423
CAPITAL AND RESERVES
Called up share capital 100 100
Profit and Loss Account 45,677 40,323
SHAREHOLDERS' FUNDS 45,777 40,423
Page 1
Page 2
For the year ending 31 March 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
Miss Alison Jeacock Power
Director
17 July 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
Finiti Search Limited is a private company, limited by shares, incorporated in England & Wales, registered number 06170780 . The registered office is 50 Woodgate, Leicester, Leicestershire, LE3 5GF.
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 comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
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 15% 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 year 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
Page 3
Page 4
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 asset reflects 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 or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
2.6. 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 3 (2024: 4)
3 4
4. Tangible Assets
Plant & Machinery
£
Cost
As at 1 April 2024 31,739
Additions 2,182
As at 31 March 2025 33,921
Depreciation
As at 1 April 2024 20,373
Provided during the period 1,753
As at 31 March 2025 22,126
Net Book Value
As at 31 March 2025 11,795
As at 1 April 2024 11,366
5. Debtors
2025 2024
£ £
Due within one year
Trade debtors 41,350 28,000
Page 4
Page 5
6. Current Asset Investments
2025 2024
£ £
Other investments, held for sale 4,329 4,329
7. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 2,533 -
Corporation tax 25,081 8,769
Other taxes and social security 10,146 7,257
Other creditors 2,942 -
Amounts owed to group undertakings 50,000 40,000
90,702 56,026
8. Ultimate Parent Undertaking and Controlling Party
The company's ultimate parent undertaking is Fintecx Group Limited, a company incorporated in England and Wales.
Page 5