Acorah Software Products - Accounts Production 16.4.675 false true 31 December 2023 1 January 2023 false 1 January 2024 31 December 2024 31 December 2024 10559520 Mr Lee Garraway Mr Stephen Joyce iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 10559520 2023-12-31 10559520 2024-12-31 10559520 2024-01-01 2024-12-31 10559520 frs-core:CurrentFinancialInstruments 2024-12-31 10559520 frs-core:Non-currentFinancialInstruments 2024-12-31 10559520 frs-core:ComputerEquipment 2024-12-31 10559520 frs-core:ComputerEquipment 2024-01-01 2024-12-31 10559520 frs-core:ComputerEquipment 2023-12-31 10559520 frs-core:FurnitureFittings 2024-12-31 10559520 frs-core:FurnitureFittings 2024-01-01 2024-12-31 10559520 frs-core:FurnitureFittings 2023-12-31 10559520 frs-core:MotorVehicles 2024-12-31 10559520 frs-core:MotorVehicles 2024-01-01 2024-12-31 10559520 frs-core:MotorVehicles 2023-12-31 10559520 frs-core:PlantMachinery 2024-12-31 10559520 frs-core:PlantMachinery 2024-01-01 2024-12-31 10559520 frs-core:PlantMachinery 2023-12-31 10559520 frs-core:ShareCapital 2024-12-31 10559520 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 10559520 frs-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 10559520 frs-bus:FilletedAccounts 2024-01-01 2024-12-31 10559520 frs-bus:SmallEntities 2024-01-01 2024-12-31 10559520 frs-bus:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 10559520 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 10559520 frs-bus:Director1 2024-01-01 2024-12-31 10559520 frs-bus:Director2 2024-01-01 2024-12-31 10559520 frs-countries:EnglandWales 2024-01-01 2024-12-31 10559520 2022-12-31 10559520 2023-12-31 10559520 2023-01-01 2023-12-31 10559520 frs-core:CurrentFinancialInstruments 2023-12-31 10559520 frs-core:Non-currentFinancialInstruments 2023-12-31 10559520 frs-core:ShareCapital 2023-12-31 10559520 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31
Registered number: 10559520
Falconiform Structures Limited
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: 10559520
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 37,385 37,872
37,385 37,872
CURRENT ASSETS
Stocks 5 1,500 1,000
Debtors 6 29,874 103,354
Cash at bank and in hand 21,825 45,842
53,199 150,196
Creditors: Amounts Falling Due Within One Year 7 (71,561 ) (90,727 )
NET CURRENT ASSETS (LIABILITIES) (18,362 ) 59,469
TOTAL ASSETS LESS CURRENT LIABILITIES 19,023 97,341
Creditors: Amounts Falling Due After More Than One Year 8 (4,092 ) (39,133 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (7,443 ) (7,446 )
NET ASSETS 7,488 50,762
CAPITAL AND RESERVES
Called up share capital 9 100 100
Profit and Loss Account 7,388 50,662
SHAREHOLDERS' FUNDS 7,488 50,762
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 Lee Garraway
Director
25th 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
Falconiform Structures Limited is a private company, limited by shares, incorporated in England & Wales, registered number 10559520 . The registered office is 2 Grange Avenue, Fencehouses, Tyne And Wear, DH4 6JQ.
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 is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
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:
Plant & Machinery 20% reducing balance
Motor Vehicles 25% reducing balance
Fixtures & Fittings 25% reducing balance
Computer Equipment 33% reducing balance
2.4. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
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.
Page 3
Page 4
3. Average Number of Employees
Average number of employees, including directors, during the year was: 4 (2023: 2)
4 2
4. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 January 2024 2,700 76,824 891 2,647 83,062
Additions 18,290 - 100 - 18,390
Disposals - (14,579 ) (891 ) - (15,470 )
As at 31 December 2024 20,990 62,245 100 2,647 85,982
Depreciation
As at 1 January 2024 1,867 41,196 223 1,904 45,190
Provided during the period 2,869 6,869 25 245 10,008
Disposals - (6,378 ) (223 ) - (6,601 )
As at 31 December 2024 4,736 41,687 25 2,149 48,597
Net Book Value
As at 31 December 2024 16,254 20,558 75 498 37,385
As at 1 January 2024 833 35,628 668 743 37,872
5. Stocks
2024 2023
£ £
Work in progress 1,500 1,000
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 16,784 81,317
Prepayments and accrued income - 2,947
Corporation tax recoverable assets 6,373 6,373
Amounts owed by associates 6,717 12,717
29,874 103,354
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Page 5
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 300 -
Bank loans and overdrafts 10,000 35,000
Corporation tax 10,386 41,662
Other taxes and social security 1,383 1,295
VAT 36,989 9,717
Accruals and deferred income 2,750 2,600
Directors' loan accounts 9,753 453
71,561 90,727
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 4,092 39,133
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
Page 5