Acorah Software Products - Accounts Production 16.4.660 false true true 31 December 2023 1 January 2023 false 23 July 2025 1 January 2024 31 December 2024 31 December 2024 03307467 Mrs HANZADE VASFIYE DOGAN BOYNER Mr TOLGA BABALI Mr HASAN ILKER YONEY Ms Yasar Begumhan Dogan Faralyali iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 03307467 2023-12-31 03307467 2024-12-31 03307467 2024-01-01 2024-12-31 03307467 frs-core:CurrentFinancialInstruments 2024-12-31 03307467 frs-core:ComputerEquipment 2024-12-31 03307467 frs-core:ComputerEquipment 2024-01-01 2024-12-31 03307467 frs-core:ComputerEquipment 2023-12-31 03307467 frs-core:FurnitureFittings 2024-01-01 2024-12-31 03307467 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-12-31 03307467 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-01-01 2024-12-31 03307467 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-12-31 03307467 frs-core:MotorVehicles 2024-01-01 2024-12-31 03307467 frs-core:PlantMachinery 2024-12-31 03307467 frs-core:PlantMachinery 2024-01-01 2024-12-31 03307467 frs-core:PlantMachinery 2023-12-31 03307467 frs-core:ShareCapital 2024-12-31 03307467 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 03307467 frs-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 03307467 frs-bus:FilletedAccounts 2024-01-01 2024-12-31 03307467 frs-bus:SmallEntities 2024-01-01 2024-12-31 03307467 frs-bus:Audited 2024-01-01 2024-12-31 03307467 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 03307467 frs-bus:Director1 2024-01-01 2024-12-31 03307467 frs-bus:Director2 2024-01-01 2024-12-31 03307467 frs-bus:Director3 2024-01-01 2024-12-31 03307467 frs-bus:Director4 2024-01-01 2024-12-31 03307467 frs-core:CurrentFinancialInstruments 3 2024-12-31 03307467 frs-countries:EnglandWales 2024-01-01 2024-12-31 03307467 2022-12-31 03307467 2023-12-31 03307467 2023-01-01 2023-12-31 03307467 frs-core:CurrentFinancialInstruments 2023-12-31 03307467 frs-core:ShareCapital 2023-12-31 03307467 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 03307467 frs-core:CurrentFinancialInstruments 3 2023-12-31
Registered number: 03307467
FALCON PURCHASING SERVICES LIMITED
Financial Statements
For The Year Ended 31 December 2024
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—4
Page 1
Balance Sheet
Registered number: 03307467
2024 2023
Notes $ $ $ $
FIXED ASSETS
Tangible Assets 4 665 -
665 -
CURRENT ASSETS
Debtors 5 65,013 5,140
Cash at bank and in hand 477,795 308,108
542,808 313,248
Creditors: Amounts Falling Due Within One Year 6 (15,963 ) (13,374 )
NET CURRENT ASSETS (LIABILITIES) 526,845 299,874
TOTAL ASSETS LESS CURRENT LIABILITIES 527,510 299,874
NET ASSETS 527,510 299,874
CAPITAL AND RESERVES
Called up share capital 7 1,701,301 1,072,707
Profit and Loss Account (1,173,791 ) (772,833 )
SHAREHOLDERS' FUNDS 527,510 299,874
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 TOLGA BABALI
Director
03/07/2025
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
FALCON PURCHASING SERVICES LIMITED is a private company, limited by shares, incorporated in England & Wales, registered number 03307467 . The registered office is 5th Floor 36 Dover Street, London , England, W1S 4NH.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
The financial statements are prepared in USD.
2.2. Going Concern Disclosure
The financial statements have been prepared on a going concern basis. The directors believe the company will continue to operate and meet its obligations as they fall due for at least the next 12 months.
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:
Leasehold over period of lease
Plant & Machinery 5 years straight line
Motor Vehicles 5 years straight line
Fixtures & Fittings 5 years straight line
Computer Equipment 5 years straight line
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.
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: 3 (2023: 3)
3 3
Page 2
Page 3
4. Tangible Assets
Land & Property
Leasehold Plant & Machinery Computer Equipment Total
$ $ $ $
Cost
As at 1 January 2024 38,541 6,148 - 44,689
Additions - 126 646 772
As at 31 December 2024 38,541 6,274 646 45,461
Depreciation
As at 1 January 2024 38,541 6,148 - 44,689
Provided during the period - 27 80 107
As at 31 December 2024 38,541 6,175 80 44,796
Net Book Value
As at 31 December 2024 - 99 566 665
As at 1 January 2024 - - - -
5. Debtors
2024 2023
$ $
Due within one year
Prepayments and accrued income 1,259 -
Other debtors - 5,140
VAT 5,731 -
Other taxes and social security 58,023 -
65,013 5,140
6. Creditors: Amounts Falling Due Within One Year
2024 2023
$ $
Trade creditors 6,408 3,459
Pension 1,055 997
Accruals and deferred income 8,500 8,918
15,963 13,374
7. Share Capital
2024 2023
$ $
Allotted, Called up and fully paid 1,701,301 1,072,707
Additional notes regarding share capital
The company's total number of shares as at 31 December 2024 was 1,350,000 shares at £1 per share ($1,701,301).
Page 3
Page 4
8. Related Party Transactions
During the year the following related party transaction took place
Dogan Online Limited, related by similar shareholders Shared offices was $50,248.87 (2023 $24,714.60)
9. Audit Information
The auditor's report on the accounts of FALCON PURCHASING SERVICES LIMITED for the year ended 31 December 2024 was unqualified.
The auditor's report was signed by Paul Mattei (Senior Statutory Auditor) for and on behalf of Leaman Mattei Limited , Statutory Auditor.
Leaman Mattei Limited
Suite 1
First floor
1 Duchess Street
London
W1W 6AN
Page 4