Acorah Software Products - Accounts Production 16.5.460 false true 31 December 2023 1 January 2023 false 1 January 2024 31 December 2024 31 December 2024 04898487 A Silver B Shapiro B Shapiro iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 04898487 2023-12-31 04898487 2024-12-31 04898487 2024-01-01 2024-12-31 04898487 frs-core:CurrentFinancialInstruments 2024-12-31 04898487 frs-core:Non-currentFinancialInstruments 2024-12-31 04898487 frs-core:BetweenOneFiveYears 2024-12-31 04898487 frs-core:NetGoodwill 2024-12-31 04898487 frs-core:NetGoodwill 2024-01-01 2024-12-31 04898487 frs-core:NetGoodwill 2023-12-31 04898487 frs-core:MotorVehicles 2024-12-31 04898487 frs-core:MotorVehicles 2024-01-01 2024-12-31 04898487 frs-core:MotorVehicles 2023-12-31 04898487 frs-core:PlantMachinery 2024-12-31 04898487 frs-core:PlantMachinery 2024-01-01 2024-12-31 04898487 frs-core:PlantMachinery 2023-12-31 04898487 frs-core:ShareCapital 2024-12-31 04898487 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 04898487 frs-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 04898487 frs-bus:FilletedAccounts 2024-01-01 2024-12-31 04898487 frs-bus:SmallEntities 2024-01-01 2024-12-31 04898487 frs-bus:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 04898487 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 04898487 frs-bus:Director1 2024-01-01 2024-12-31 04898487 frs-bus:Director2 2024-01-01 2024-12-31 04898487 frs-bus:CompanySecretary1 2024-01-01 2024-12-31 04898487 frs-countries:EnglandWales 2024-01-01 2024-12-31 04898487 2022-12-31 04898487 2023-12-31 04898487 2023-01-01 2023-12-31 04898487 frs-core:CurrentFinancialInstruments 2023-12-31 04898487 frs-core:Non-currentFinancialInstruments 2023-12-31 04898487 frs-core:BetweenOneFiveYears 2023-12-31 04898487 frs-core:ShareCapital 2023-12-31 04898487 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31
Registered number: 04898487
A-Spire Business Partners 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: 04898487
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 5 70,890 40,366
70,890 40,366
CURRENT ASSETS
Stocks 6 63,267 60,130
Debtors 7 180,801 172,271
Cash at bank and in hand 255,782 214,059
499,850 446,460
Creditors: Amounts Falling Due Within One Year 8 (215,309 ) (212,055 )
NET CURRENT ASSETS (LIABILITIES) 284,541 234,405
TOTAL ASSETS LESS CURRENT LIABILITIES 355,431 274,771
Creditors: Amounts Falling Due After More Than One Year 9 (31,500 ) (21,276 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (16,560 ) (9,464 )
NET ASSETS 307,371 244,031
CAPITAL AND RESERVES
Called up share capital 11 6 6
Profit and Loss Account 307,365 244,025
SHAREHOLDERS' FUNDS 307,371 244,031
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
A Silver
Director
25/09/2025
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
A-Spire Business Partners Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 04898487 . The registered office is 32 Byron Hill Road, Harrow On The Hill, Middlesex, HA2 0HY.
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 - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of 10 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:
Plant & Machinery 25% reducing balance
Motor Vehicles 25% straight line
2.5. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.
2.6. 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.
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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. 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 and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are 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: 7 (2023: 7)
7 7
4. Intangible Assets
Goodwill
£
Cost
As at 1 January 2024 302,800
As at 31 December 2024 302,800
Amortisation
As at 1 January 2024 302,800
As at 31 December 2024 302,800
Net Book Value
As at 31 December 2024 -
As at 1 January 2024 -
5. Tangible Assets
Plant & Machinery Motor Vehicles Total
£ £ £
Cost
As at 1 January 2024 32,677 38,190 70,867
Additions 3,927 42,608 46,535
As at 31 December 2024 36,604 80,798 117,402
Depreciation
As at 1 January 2024 15,358 15,143 30,501
Provided during the period 5,312 10,699 16,011
As at 31 December 2024 20,670 25,842 46,512
...CONTINUED
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Page 5
Net Book Value
As at 31 December 2024 15,934 54,956 70,890
As at 1 January 2024 17,319 23,047 40,366
6. Stocks
2024 2023
£ £
Work in progress 63,267 60,130
7. Debtors
2024 2023
£ £
Due within one year
Trade debtors 180,730 172,200
Other debtors 71 71
180,801 172,271
8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 4,236 23,201
Corporation tax 27,887 17,919
Other taxes and social security 6,298 6,900
VAT 66,711 62,190
Other creditors 2,994 3,916
Accruals and deferred income 53,310 51,181
Directors' loan accounts 53,873 46,748
215,309 212,055
9. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 31,500 21,276
10. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Later than one year and not later than five years 31,500 21,276
11. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 6 6
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