Acorah Software Products - Accounts Production 16.5.460 false true 31 March 2024 1 April 2023 false 1 April 2024 31 March 2025 31 March 2025 SC319521 Mrs Kathleen Henderson Mr Andrew Kerr iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure SC319521 2024-03-31 SC319521 2025-03-31 SC319521 2024-04-01 2025-03-31 SC319521 frs-core:CurrentFinancialInstruments 2025-03-31 SC319521 frs-core:Non-currentFinancialInstruments 2025-03-31 SC319521 frs-core:ComputerEquipment 2025-03-31 SC319521 frs-core:ComputerEquipment 2024-04-01 2025-03-31 SC319521 frs-core:ComputerEquipment 2024-03-31 SC319521 frs-core:FurnitureFittings 2025-03-31 SC319521 frs-core:FurnitureFittings 2024-04-01 2025-03-31 SC319521 frs-core:FurnitureFittings 2024-03-31 SC319521 frs-core:ShareCapital 2025-03-31 SC319521 frs-core:RetainedEarningsAccumulatedLosses 2025-03-31 SC319521 frs-bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 SC319521 frs-bus:FilletedAccounts 2024-04-01 2025-03-31 SC319521 frs-bus:SmallEntities 2024-04-01 2025-03-31 SC319521 frs-bus:AuditExempt-NoAccountantsReport 2024-04-01 2025-03-31 SC319521 frs-bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 SC319521 frs-bus:Director1 2024-04-01 2025-03-31 SC319521 frs-bus:Director2 2024-04-01 2025-03-31 SC319521 frs-countries:Scotland 2024-04-01 2025-03-31 SC319521 2023-03-31 SC319521 2024-03-31 SC319521 2023-04-01 2024-03-31 SC319521 frs-core:CurrentFinancialInstruments 2024-03-31 SC319521 frs-core:Non-currentFinancialInstruments 2024-03-31 SC319521 frs-core:ShareCapital 2024-03-31 SC319521 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31
Registered number: SC319521
Financial Planning Options Ltd
Unaudited Financial Statements
For The Year Ended 31 March 2025
Donn Sheldon
21 Forbes Place
Paisley
PA1 1UT
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: SC319521
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 2,193 2,922
2,193 2,922
CURRENT ASSETS
Cash at bank and in hand 324,579 366,554
324,579 366,554
Creditors: Amounts Falling Due Within One Year 5 (46,949 ) (63,088 )
NET CURRENT ASSETS (LIABILITIES) 277,630 303,466
TOTAL ASSETS LESS CURRENT LIABILITIES 279,823 306,388
Creditors: Amounts Falling Due After More Than One Year 6 (1,667 ) (11,668 )
NET ASSETS 278,156 294,720
CAPITAL AND RESERVES
Called up share capital 7 9,000 9,000
Profit and Loss Account 269,156 285,720
SHAREHOLDERS' FUNDS 278,156 294,720
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Page 2
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 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
Mrs Kathleen Henderson
Director
28/05/2025
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Financial Planning Options Ltd is a private company, limited by shares, incorporated in Scotland, registered number SC319521 . The registered office is 21 Forbes Place, Paisley, PA1 1UT.
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 form the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover form 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. Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at cost less depreciation. 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 25% on reducing balance
Computer Equipment 25% on cost
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: 6 (2024: 6)
6 6
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Page 4
4. Tangible Assets
Fixtures & Fittings Computer Equipment Total
£ £ £
Cost
As at 1 April 2024 2,138 8,880 11,018
Additions - 549 549
As at 31 March 2025 2,138 9,429 11,567
Depreciation
As at 1 April 2024 1,997 6,099 8,096
Provided during the period 34 1,244 1,278
As at 31 March 2025 2,031 7,343 9,374
Net Book Value
As at 31 March 2025 107 2,086 2,193
As at 1 April 2024 141 2,781 2,922
5. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Bank loans and overdrafts 10,000 9,999
Corporation tax 32,274 50,823
Other taxes and social security 2,535 1,201
Other creditors 1,271 329
Directors' loan accounts 869 736
46,949 63,088
6. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Bank loans 1,667 11,668
7. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 9,000 9,000
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