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 01183300 Mr M Davies Mr C Morris Mrs R Davies iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 01183300 2023-12-31 01183300 2024-12-31 01183300 2024-01-01 2024-12-31 01183300 frs-core:CurrentFinancialInstruments 2024-12-31 01183300 frs-core:FurnitureFittings 2024-12-31 01183300 frs-core:FurnitureFittings 2024-01-01 2024-12-31 01183300 frs-core:FurnitureFittings 2023-12-31 01183300 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-12-31 01183300 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-01-01 2024-12-31 01183300 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-12-31 01183300 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 01183300 frs-core:MotorVehicles 2024-12-31 01183300 frs-core:MotorVehicles 2024-01-01 2024-12-31 01183300 frs-core:MotorVehicles 2023-12-31 01183300 frs-core:PlantMachinery 2024-12-31 01183300 frs-core:PlantMachinery 2024-01-01 2024-12-31 01183300 frs-core:PlantMachinery 2023-12-31 01183300 frs-core:CapitalRedemptionReserve 2024-12-31 01183300 frs-core:SharePremium 2024-12-31 01183300 frs-core:ShareCapital 2024-12-31 01183300 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 01183300 frs-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 01183300 frs-bus:FilletedAccounts 2024-01-01 2024-12-31 01183300 frs-bus:SmallEntities 2024-01-01 2024-12-31 01183300 frs-bus:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 01183300 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 01183300 frs-core:UnlistedNon-exchangeTraded 2024-12-31 01183300 frs-core:UnlistedNon-exchangeTraded 2023-12-31 01183300 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2023-12-31 01183300 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2024-12-31 01183300 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2023-12-31 01183300 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2024-12-31 01183300 frs-bus:Director1 2024-01-01 2024-12-31 01183300 frs-bus:Director2 2024-01-01 2024-12-31 01183300 frs-bus:CompanySecretary1 2024-01-01 2024-12-31 01183300 frs-countries:EnglandWales 2024-01-01 2024-12-31 01183300 2022-12-31 01183300 2023-12-31 01183300 2023-01-01 2023-12-31 01183300 frs-core:CurrentFinancialInstruments 2023-12-31 01183300 frs-core:CapitalRedemptionReserve 2023-12-31 01183300 frs-core:SharePremium 2023-12-31 01183300 frs-core:ShareCapital 2023-12-31 01183300 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31
Registered number: 01183300
Norfolk & Suffolk Financial Services Limited
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: 01183300
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 68,909 91,069
Investments 5 3,342 3,342
72,251 94,411
CURRENT ASSETS
Debtors 6 13,403 13,169
Cash at bank and in hand 367,739 336,453
381,142 349,622
Creditors: Amounts Falling Due Within One Year 7 (71,686 ) (37,162 )
NET CURRENT ASSETS (LIABILITIES) 309,456 312,460
TOTAL ASSETS LESS CURRENT LIABILITIES 381,707 406,871
PROVISIONS FOR LIABILITIES
Provisions For Charges (1,650 ) (1,650 )
Deferred Taxation (17,227 ) (22,767 )
NET ASSETS 362,830 382,454
CAPITAL AND RESERVES
Called up share capital 8 20,600 20,600
Share premium account 132,660 132,660
Capital redemption reserve 7,920 7,920
Profit and Loss Account 201,650 221,274
SHAREHOLDERS' FUNDS 362,830 382,454
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 M Davies
Director
Mr C Morris
Director
1 September 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
Norfolk & Suffolk Financial Services Limited is a private company, limited by shares, incorporated in England & Wales, registered number 01183300 . The registered office is 3 Quay View Business Park, Barnards Way, Lowestoft, Suffolk, NR32 2HD.
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 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:
Freehold 2% on cost
Leasehold Straight line over 10 years
Plant & Machinery Straight line over 3 years
Motor Vehicles 25% on reducing balance
Fixtures & Fittings Straight line over 6 years
2.4. 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 year 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 asset reflects 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 11 (2023: 11)
11 11
Page 3
Page 4
4. Tangible Assets
Land & Property
Leasehold Plant & Machinery Motor Vehicles Fixtures & Fittings Total
£ £ £ £ £
Cost
As at 1 January 2024 18,147 35,689 109,270 13,345 176,451
Additions - 1,485 - - 1,485
As at 31 December 2024 18,147 37,174 109,270 13,345 177,936
Depreciation
As at 1 January 2024 15,119 34,253 22,765 13,245 85,382
Provided during the period 1,114 876 21,626 29 23,645
As at 31 December 2024 16,233 35,129 44,391 13,274 109,027
Net Book Value
As at 31 December 2024 1,914 2,045 64,879 71 68,909
As at 1 January 2024 3,028 1,436 86,505 100 91,069
5. Investments
Unlisted
£
Cost
As at 1 January 2024 3,342
As at 31 December 2024 3,342
Provision
As at 1 January 2024 -
As at 31 December 2024 -
Net Book Value
As at 31 December 2024 3,342
As at 1 January 2024 3,342
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 8,260 9,259
Prepayments and accrued income 5,143 3,910
13,403 13,169
Page 4
Page 5
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Corporation tax 47,043 14,191
Other taxes and social security 19,883 18,315
Other creditors 200 216
Accruals and deferred income 4,560 4,440
71,686 37,162
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 20,600 20,600
Page 5