Acorah Software Products - Accounts Production 16.1.300 false true true 31 December 2023 1 January 2023 false 1 January 2024 31 December 2024 31 December 2024 09003109 E Formstone C L Reynolds A Cross true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 09003109 2023-12-31 09003109 2024-12-31 09003109 2024-01-01 2024-12-31 09003109 frs-core:CurrentFinancialInstruments 2024-12-31 09003109 frs-core:Non-currentFinancialInstruments 2024-12-31 09003109 frs-core:ComputerEquipment 2024-12-31 09003109 frs-core:ComputerEquipment 2024-01-01 2024-12-31 09003109 frs-core:ComputerEquipment 2023-12-31 09003109 frs-core:FurnitureFittings 2024-12-31 09003109 frs-core:FurnitureFittings 2024-01-01 2024-12-31 09003109 frs-core:FurnitureFittings 2023-12-31 09003109 frs-core:ShareCapital 2024-12-31 09003109 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 09003109 frs-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 09003109 frs-bus:FilletedAccounts 2024-01-01 2024-12-31 09003109 frs-bus:SmallEntities 2024-01-01 2024-12-31 09003109 frs-bus:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 09003109 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 09003109 1 2024-01-01 2024-12-31 09003109 frs-bus:Director1 2024-01-01 2024-12-31 09003109 frs-bus:Director2 2024-01-01 2024-12-31 09003109 frs-bus:CompanySecretary1 2024-01-01 2024-12-31 09003109 frs-countries:EnglandWales 2024-01-01 2024-12-31 09003109 2022-12-31 09003109 2023-12-31 09003109 2023-01-01 2023-12-31 09003109 frs-core:CurrentFinancialInstruments 2023-12-31 09003109 frs-core:Non-currentFinancialInstruments 2023-12-31 09003109 frs-core:ShareCapital 2023-12-31 09003109 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31
Registered number: 09003109
Clark Equity Partners Limited
Unaudited Financial Statements
For The Year Ended 31 December 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 09003109
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 17,941 5,378
17,941 5,378
CURRENT ASSETS
Debtors 5 3,117,290 2,506,762
Cash at bank and in hand 129,053 41,656
3,246,343 2,548,418
Creditors: Amounts Falling Due Within One Year 6 (996,032 ) (339,101 )
NET CURRENT ASSETS (LIABILITIES) 2,250,311 2,209,317
TOTAL ASSETS LESS CURRENT LIABILITIES 2,268,252 2,214,695
Creditors: Amounts Falling Due After More Than One Year 7 (2,270,898 ) (2,271,927 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (4,195 ) -
NET LIABILITIES (6,841 ) (57,232 )
CAPITAL AND RESERVES
Called up share capital 8 20 20
Profit and Loss Account (6,861 ) (57,252 )
SHAREHOLDERS' FUNDS (6,841) (57,232)
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.
The financial statements were approved by the board of directors on 1 August 2025 and were signed on its behalf by:
E Formstone
Director
01/08/2025
The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Clark Equity Partners Limited is a private company, limited by shares, incorporated in England & Wales, registered number 09003109 . The registered office is Third Floor Link House, 25 West Street, Poole, BH15 1LD.
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 sterling which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
2.2. Going Concern Disclosure
The directors have considered the future prospects of the Company for a period of twelve months from the date of signing these financial statements and the availability of sufficient liquidity together with the expectations of future forecasts, gives them no reason to believe that the Company will not be able to continue their operations going forward.
2.3. Turnover
Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.
Turnover from contracts for the provision of professional services is recognised by reference to the stage of completion when the stage of completion, costs incurred and costs to complete can be estimated reliably. The stage of completion is calculated by comparing costs incurred, mainly in relation to contractual hourly staff rates and materials, as a proportion of total costs. Where the outcome cannot be estimated reliably, revenue is recognised only to the extent of the expenses recognised that it is probable will be recovered.
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:
Fixtures & Fittings 20% straight line
Computer Equipment 33% straight line
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.
Impairment of fixed assets
At each reporting period end date, the company reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.
2.5. Financial Instruments
The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.
Classification of financial liabilities
...CONTINUED
Page 3
Page 4
2.5. Financial Instruments - continued
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
Basic financial liabilities
Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.
Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.
2.6. Taxation
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 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.
2.7. 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.
2.8. Cash and cash equivalents
Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 9 (2023: 7)
9 7
4. Tangible Assets
Fixtures & Fittings Computer Equipment Total
£ £ £
Cost
As at 1 January 2024 544 18,590 19,134
Additions 9,017 11,095 20,112
Disposals (544 ) - (544 )
As at 31 December 2024 9,017 29,685 38,702
...CONTINUED
Page 4
Page 5
Depreciation
As at 1 January 2024 544 13,212 13,756
Provided during the period 2,019 5,530 7,549
Disposals (544 ) - (544 )
As at 31 December 2024 2,019 18,742 20,761
Net Book Value
As at 31 December 2024 6,998 10,943 17,941
As at 1 January 2024 - 5,378 5,378
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 129,964 71,964
Prepayments and accrued income 28,048 31,211
Other debtors 359,278 3,100
Deferred tax current asset - 487
517,290 106,762
Due after more than one year
Other debtors 2,600,000 2,400,000
3,117,290 2,506,762
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 86,999 24,795
Bank loans and overdrafts 4,023 3,978
Other taxes and social security 15,924 25,891
Other creditors 757,684 155,094
Accruals and deferred income (9,771 ) (21,858 )
Directors' loan accounts 141,173 151,201
996,032 339,101
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
VAT 20,898 21,927
Directors loan account 2,250,000 2,250,000
2,270,898 2,271,927
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 20 20
Page 5
Page 6
9. Related Party Transactions
At the year end, an amount of £757,684 (2023 : £155,094) was owed to a company with a common directorship. The loan was interest free and repayable on demand. The loan is included within creditors due within one year. 
At the year end, an amount of £141,173 (2023 : £151,201) was owed to the shareholder of the Company. The loan was interest free and repayable on demand. The loan is included within creditors due within one year. 
At the year end, an amount of £2,250,000 (2023 : £2,250,000) was owed to the shareholder of the Company. The loan was interest free and repayable on demand. The loan is included within creditors due after one year. 
10. Ultimate Controlling Party
The company's ultimate controlling party is Steven James Clark by virtue of his ownership of 100% of the issued share capital in the company.
Page 6