Acorah Software Products - Accounts Production 16.4.675 false true 31 March 2024 1 April 2023 false 1 April 2024 31 March 2025 31 March 2025 08951525 Mr M E Cassar Miss R Johnstone iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 08951525 2024-03-31 08951525 2025-03-31 08951525 2024-04-01 2025-03-31 08951525 frs-core:CurrentFinancialInstruments 2025-03-31 08951525 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2024-04-01 2025-03-31 08951525 frs-core:FurnitureFittings 2025-03-31 08951525 frs-core:FurnitureFittings 2024-04-01 2025-03-31 08951525 frs-core:FurnitureFittings 2024-03-31 08951525 frs-core:OtherResidualIntangibleAssets 2025-03-31 08951525 frs-core:OtherResidualIntangibleAssets 2024-04-01 2025-03-31 08951525 frs-core:OtherResidualIntangibleAssets 2024-03-31 08951525 frs-core:CapitalRedemptionReserve 2025-03-31 08951525 frs-core:ShareCapital 2025-03-31 08951525 frs-core:RetainedEarningsAccumulatedLosses 2025-03-31 08951525 frs-bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 08951525 frs-bus:FilletedAccounts 2024-04-01 2025-03-31 08951525 frs-bus:SmallEntities 2024-04-01 2025-03-31 08951525 frs-bus:AuditExempt-NoAccountantsReport 2024-04-01 2025-03-31 08951525 frs-bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 08951525 frs-core:UnlistedNon-exchangeTraded 2025-03-31 08951525 frs-core:UnlistedNon-exchangeTraded 2024-03-31 08951525 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2024-03-31 08951525 frs-core:AdditionsToInvestments frs-core:UnlistedNon-exchangeTraded 2025-03-31 08951525 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2025-03-31 08951525 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2024-03-31 08951525 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2025-03-31 08951525 frs-bus:Director1 2024-04-01 2025-03-31 08951525 frs-bus:CompanySecretary1 2024-04-01 2025-03-31 08951525 frs-countries:EnglandWales 2024-04-01 2025-03-31 08951525 2023-03-31 08951525 2024-03-31 08951525 2023-04-01 2024-03-31 08951525 frs-core:CurrentFinancialInstruments 2024-03-31 08951525 frs-core:CapitalRedemptionReserve 2024-03-31 08951525 frs-core:ShareCapital 2024-03-31 08951525 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31
Registered number: 08951525
Finance Advice Group Ltd
Financial Statements
For The Year Ended 31 March 2025
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—4
Page 1
Balance Sheet
Registered number: 08951525
2025 2024
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 30,454 37,278
Tangible Assets 5 3,176 2,604
Investments 6 8,333 -
41,963 39,882
CURRENT ASSETS
Debtors 7 462,625 393,328
Cash at bank and in hand 296,327 293,182
758,952 686,510
Creditors: Amounts Falling Due Within One Year 8 (242,108 ) (201,746 )
NET CURRENT ASSETS (LIABILITIES) 516,844 484,764
TOTAL ASSETS LESS CURRENT LIABILITIES 558,807 524,646
NET ASSETS 558,807 524,646
CAPITAL AND RESERVES
Called up share capital 9 95 100
Capital redemption reserve (89,995 ) (89,995 )
Profit and Loss Account 648,707 614,541
SHAREHOLDERS' FUNDS 558,807 524,646
For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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 M E Cassar
Director
16 May 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
Finance Advice Group Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 08951525 . The registered office is 17 Prime Park Way, Derby, DE1 3QB.
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. Intangible Fixed Assets and Amortisation - Other Intangible
Other intangible assets are the company website. It is amortised to profit and loss account over its estimated economic life of 5 years.
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 & Equipment 25% reducing balance
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. 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. The carrying amount of deferred tax assets is reviewed at the end of each reporting period.
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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 10 (2024: 9)
10 9
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Page 3
4. Intangible Assets
Other
£
Cost
As at 1 April 2024 70,405
Additions 8,136
As at 31 March 2025 78,541
Amortisation
As at 1 April 2024 33,127
Provided during the period 14,960
As at 31 March 2025 48,087
Net Book Value
As at 31 March 2025 30,454
As at 1 April 2024 37,278
5. Tangible Assets
Fixtures, Fittings & Equipment
£
Cost
As at 1 April 2024 25,433
Additions 1,423
As at 31 March 2025 26,856
Depreciation
As at 1 April 2024 22,829
Provided during the period 851
As at 31 March 2025 23,680
Net Book Value
As at 31 March 2025 3,176
As at 1 April 2024 2,604
6. Investments
Unlisted
£
Cost
As at 1 April 2024 -
Additions 8,333
As at 31 March 2025 8,333
Provision
As at 1 April 2024 -
As at 31 March 2025 -
...CONTINUED
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Net Book Value
As at 31 March 2025 8,333
As at 1 April 2024 -
Investment in Mortgage Bridge Ltd (Company No. 14154641)
During the year, the company acquired an equity investment of £8,333 in Mortgage Bridge Ltd, an unlisted private company, representing 25% of the issued share capital.
The investment is held as a non-current financial asset and is measured at cost less impairment.
7. Debtors
2025 2024
£ £
Due within one year
Trade debtors 53,487 -
Prepayments and accrued income 404,138 393,323
Other debtors - 5
Amounts owed by associates 5,000 -
462,625 393,328
8. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 208,898 16,770
Corporation tax 15,003 10,643
Other taxes and social security 4,756 2,637
Other creditors 9,851 1,843
Accruals and deferred income 3,600 169,853
242,108 201,746
9. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 95 100
10. Related Party Transactions
As at 31 March 2025, included within trade creditors is an amount of £59,347 due to Finance Advice Centre Ltd (Company No. 08948140), a company under common control. Additionally, an intercompany loan of £5,000 is payable to the same entity. This loan is unsecured, interest-free, and repayable on demand.
During the year, commission payments totalling £1,469,649 were paid to the above company. These were arm's length transactions and are treated appropriately as cost of sales in the profit and loss. 
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