Acorah Software Products - Accounts Production 16.4.675 false true true 31 December 2023 1 January 2023 false 1 January 2024 31 December 2024 31 December 2024 05858399 Mr Simon Campbell Heap Mr Terry Heap iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 05858399 2023-12-31 05858399 2024-12-31 05858399 2024-01-01 2024-12-31 05858399 frs-core:CurrentFinancialInstruments 2024-12-31 05858399 frs-core:Non-currentFinancialInstruments 2024-12-31 05858399 frs-core:FurnitureFittings 2024-12-31 05858399 frs-core:FurnitureFittings 2024-01-01 2024-12-31 05858399 frs-core:FurnitureFittings 2023-12-31 05858399 frs-core:PlantMachinery 2024-12-31 05858399 frs-core:PlantMachinery 2024-01-01 2024-12-31 05858399 frs-core:PlantMachinery 2023-12-31 05858399 frs-core:ShareCapital 2024-12-31 05858399 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 05858399 frs-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 05858399 frs-bus:FilletedAccounts 2024-01-01 2024-12-31 05858399 frs-bus:SmallEntities 2024-01-01 2024-12-31 05858399 frs-bus:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 05858399 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 05858399 frs-bus:Director1 2024-01-01 2024-12-31 05858399 frs-bus:Director2 2024-01-01 2024-12-31 05858399 frs-core:CurrentFinancialInstruments 1 2024-12-31 05858399 frs-core:CurrentFinancialInstruments 2 2024-12-31 05858399 frs-countries:EnglandWales 2024-01-01 2024-12-31 05858399 2022-12-31 05858399 2023-12-31 05858399 2023-01-01 2023-12-31 05858399 frs-core:CurrentFinancialInstruments 2023-12-31 05858399 frs-core:Non-currentFinancialInstruments 2023-12-31 05858399 frs-core:ShareCapital 2023-12-31 05858399 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 05858399 frs-core:CurrentFinancialInstruments 1 2023-12-31 05858399 frs-core:CurrentFinancialInstruments 2 2023-12-31
Registered number: 05858399
Fastline Pty Ltd
Unaudited 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: 05858399
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 14,306 18,283
14,306 18,283
CURRENT ASSETS
Stocks 5 283,194 364,407
Debtors 6 34,441 13,358
317,635 377,765
Creditors: Amounts Falling Due Within One Year 7 (125,113 ) (75,562 )
NET CURRENT ASSETS (LIABILITIES) 192,522 302,203
TOTAL ASSETS LESS CURRENT LIABILITIES 206,828 320,486
Creditors: Amounts Falling Due After More Than One Year 8 (191,501 ) (296,571 )
PROVISIONS FOR LIABILITIES
Provisions For Charges (15,000 ) (15,000 )
NET ASSETS 327 8,915
CAPITAL AND RESERVES
Called up share capital 9 1,000 1,000
Profit and Loss Account (673 ) 7,915
SHAREHOLDERS' FUNDS 327 8,915
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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 Simon Campbell Heap
Director
19 August 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
Fastline Pty Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 05858399 . The registered office is Unit 12, Woodland Drive, Alma Park Road, Grantham, Lincolnshire, England, NG31 9SR.
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. Going Concern Disclosure
The directors have identified material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern, however, the going concern basis remains appropriate.
2.3. 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.
2.4. 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 0% for the first year and 25% RBM afterwards
Fixtures & Fittings 0% for the first year and 25% RBM afterwards
2.5. 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.
2.6. 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.
2.7. 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. 
2.8. 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.
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2.9. Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably. 
3. Average Number of Employees
Average number of employees, including directors, during the year was: 8 (2023: 10)
8 10
4. Tangible Assets
Plant & Machinery Fixtures & Fittings Total
£ £ £
Cost
As at 1 January 2024 30,552 22,689 53,241
Additions - 593 593
As at 31 December 2024 30,552 23,282 53,834
Depreciation
As at 1 January 2024 24,786 10,172 34,958
Provided during the period 1,442 3,128 4,570
As at 31 December 2024 26,228 13,300 39,528
Net Book Value
As at 31 December 2024 4,324 9,982 14,306
As at 1 January 2024 5,766 12,517 18,283
5. Stocks
2024 2023
£ £
Stock 283,194 364,407
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 7,596 3,538
Prepayments and accrued income 14,061 14,095
Suppliers' deposits 15,845 12,484
Bank current account (overdraft) (4,919 ) (19,957 )
VAT - 3,198
32,583 13,358
Due after more than one year
Directors loan account 1,858 -
34,441 13,358
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7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 88,491 64,406
VAT 1,247 -
Other creditors (Credit cards) 1,593 4,887
Customers' deposits 6,383 4,835
HMRC Transit Account 26,070 -
Accruals and deferred income 1,329 1,434
125,113 75,562
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 32,723 38,177
Other loans and Finance 158,778 256,399
Directors loan account - 1,995
191,501 296,571
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1,000 1,000
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