Acorah Software Products - Accounts Production 16.4.660 false true 31 December 2023 1 January 2023 false 1 January 2024 31 December 2024 31 December 2024 10865589 Mr Matthew Hodgson Mr Alfredo Mattera Mr James-Scott Wong true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 10865589 2023-12-31 10865589 2024-12-31 10865589 2024-01-01 2024-12-31 10865589 frs-core:CurrentFinancialInstruments 2024-12-31 10865589 frs-core:PlantMachinery 2024-12-31 10865589 frs-core:PlantMachinery 2024-01-01 2024-12-31 10865589 frs-core:PlantMachinery 2023-12-31 10865589 frs-core:ShareCapital 2024-12-31 10865589 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 10865589 frs-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 10865589 frs-bus:FilletedAccounts 2024-01-01 2024-12-31 10865589 frs-bus:SmallEntities 2024-01-01 2024-12-31 10865589 frs-bus:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 10865589 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 10865589 1 2024-01-01 2024-12-31 10865589 frs-bus:Director1 2024-01-01 2024-12-31 10865589 frs-bus:Director2 2024-01-01 2024-12-31 10865589 frs-bus:Director3 2024-01-01 2024-12-31 10865589 frs-countries:EnglandWales 2024-01-01 2024-12-31 10865589 2022-12-31 10865589 2023-12-31 10865589 2023-01-01 2023-12-31 10865589 frs-core:CurrentFinancialInstruments 2023-12-31 10865589 frs-core:WithinOneYear 2023-12-31 10865589 frs-core:ShareCapital 2023-12-31 10865589 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31
Registered number: 10865589
Almastone Services Limited
Unaudited 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: 10865589
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 - 6,627
- 6,627
CURRENT ASSETS
Debtors 5 628,854 474,638
Cash at bank and in hand 970,299 933,098
1,599,153 1,407,736
Creditors: Amounts Falling Due Within One Year 6 (968,271 ) (408,019 )
NET CURRENT ASSETS (LIABILITIES) 630,882 999,717
TOTAL ASSETS LESS CURRENT LIABILITIES 630,882 1,006,344
PROVISIONS FOR LIABILITIES
Deferred Taxation - (1,657 )
NET ASSETS 630,882 1,004,687
CAPITAL AND RESERVES
Called up share capital 7 1 1
Profit and Loss Account 630,881 1,004,686
SHAREHOLDERS' FUNDS 630,882 1,004,687
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 James-Scott Wong
Director
05/08/2025
The notes on pages 2 to 4 form part of these financial statements.
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Page 2
Notes to the Financial Statements
1. General Information
Almastone Services Limited is a private company, limited by shares, incorporated in England & Wales, registered number 10865589 . The registered office is Thomas House, 84 Eccleston Square, London, SW1V 1PX.
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 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:
Plant & Machinery 3 and 5 years straight line
2.4. Leasing and Hire Purchase Contracts
Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as
operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over
the period of the lease.
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
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.
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2.7. Pensions
A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.
Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.
2.8. Exemption from preparing group accounts
The company has taken advantage of the exemption in section 398 of the Companies Act 2006 from the requirement to prepare consolidated financial statements, on the grounds that it is a small sized group.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 4 (2023: 6)
4 6
4. Tangible Assets
Plant & Machinery
£
Cost
As at 1 January 2024 31,640
Additions 1,345
Disposals (32,985 )
As at 31 December 2024 -
Depreciation
As at 1 January 2024 25,013
Provided during the period 2,909
Disposals (27,922 )
As at 31 December 2024 -
Net Book Value
As at 31 December 2024 -
As at 1 January 2024 6,627
5. Debtors
2024 2023
£ £
Due within one year
Prepayments and accrued income 2,572 52,379
Other debtors 3,904 36,221
Amounts owed by group undertakings 622,378 386,038
628,854 474,638
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Page 4
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 2,141 109,777
Corporation tax 1,608 58,199
Other taxes and social security 29,769 30,216
Accruals and deferred income 361,143 209,827
Amounts owed to group undertakings 573,610 -
968,271 408,019
7. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1 1
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 - 77,275
- 77,275
9. Ultimate Controlling Party
The company's immediate parent is Almastone Ltd, incorporated in the Cayman Islands.
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