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 10486056 S Sacks H Sacks iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 10486056 2023-12-31 10486056 2024-12-31 10486056 2024-01-01 2024-12-31 10486056 frs-core:CurrentFinancialInstruments 2024-12-31 10486056 frs-core:Non-currentFinancialInstruments 2024-12-31 10486056 frs-core:ComputerEquipment 2024-12-31 10486056 frs-core:ComputerEquipment 2024-01-01 2024-12-31 10486056 frs-core:ComputerEquipment 2023-12-31 10486056 frs-core:CopyrightsPatentsTrademarksServiceOperatingRights 2024-12-31 10486056 frs-core:CopyrightsPatentsTrademarksServiceOperatingRights 2024-01-01 2024-12-31 10486056 frs-core:CopyrightsPatentsTrademarksServiceOperatingRights 2023-12-31 10486056 frs-core:FurnitureFittings 2024-12-31 10486056 frs-core:FurnitureFittings 2024-01-01 2024-12-31 10486056 frs-core:FurnitureFittings 2023-12-31 10486056 frs-core:PlantMachinery 2024-12-31 10486056 frs-core:PlantMachinery 2024-01-01 2024-12-31 10486056 frs-core:PlantMachinery 2023-12-31 10486056 frs-core:ShareCapital 2024-12-31 10486056 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 10486056 frs-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 10486056 frs-bus:FilletedAccounts 2024-01-01 2024-12-31 10486056 frs-bus:SmallEntities 2024-01-01 2024-12-31 10486056 frs-bus:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 10486056 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 10486056 frs-core:UnlistedNon-exchangeTraded 2024-12-31 10486056 frs-core:UnlistedNon-exchangeTraded 2023-12-31 10486056 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2023-12-31 10486056 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2024-12-31 10486056 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2023-12-31 10486056 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2024-12-31 10486056 frs-bus:Director1 2024-01-01 2024-12-31 10486056 frs-bus:Director1 2023-12-31 10486056 frs-bus:Director1 2024-12-31 10486056 frs-bus:Director2 2024-01-01 2024-12-31 10486056 frs-core:CurrentFinancialInstruments 2 2024-12-31 10486056 frs-countries:EnglandWales 2024-01-01 2024-12-31 10486056 2022-12-31 10486056 2023-12-31 10486056 2023-01-01 2023-12-31 10486056 frs-core:CurrentFinancialInstruments 2023-12-31 10486056 frs-core:Non-currentFinancialInstruments 2023-12-31 10486056 frs-core:ShareCapital 2023-12-31 10486056 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 10486056 frs-core:CurrentFinancialInstruments 2 2023-12-31
Registered number: 10486056
Funding Nav 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: 10486056
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 5 - 919
Investments 6 115,655 115,655
115,655 116,574
CURRENT ASSETS
Debtors 7 204,067 210,068
Cash at bank and in hand 68,418 31,732
272,485 241,800
Creditors: Amounts Falling Due Within One Year 8 (368,559 ) (341,783 )
NET CURRENT ASSETS (LIABILITIES) (96,074 ) (99,983 )
TOTAL ASSETS LESS CURRENT LIABILITIES 19,581 16,591
Creditors: Amounts Falling Due After More Than One Year 9 (6,236 ) (16,234 )
NET ASSETS 13,345 357
CAPITAL AND RESERVES
Called up share capital 10 2 2
Profit and Loss Account 13,343 355
SHAREHOLDERS' FUNDS 13,345 357
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
S Sacks
Director
19/09/2025
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
Funding Nav Limited is a private company, limited by shares, incorporated in England & Wales, registered number 10486056 . 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 rendering of services. Turnover is reduced for estimated 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. Intangible Fixed Assets and Amortisation - Intellectual Property
Intellectual property assets are an international trademark. It is amortised to the 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:
Plant & Machinery 3 year straight line
Fixtures & Fittings 3 year straight line
Computer Equipment 3 year straight line
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. 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: 2 (2023: 2)
2 2
Page 3
Page 4
4. Intangible Assets
Intellectual Property
£
Cost
As at 1 January 2024 1,000,000
As at 31 December 2024 1,000,000
Amortisation
As at 1 January 2024 1,000,000
As at 31 December 2024 1,000,000
Net Book Value
As at 31 December 2024 -
As at 1 January 2024 -
5. Tangible Assets
Plant & Machinery Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 January 2024 3,341 3,332 3,114 9,787
As at 31 December 2024 3,341 3,332 3,114 9,787
Depreciation
As at 1 January 2024 2,589 3,332 2,947 8,868
Provided during the period 752 - 167 919
As at 31 December 2024 3,341 3,332 3,114 9,787
Net Book Value
As at 31 December 2024 - - - -
As at 1 January 2024 752 - 167 919
6. Investments
Unlisted
£
Cost or Valuation
As at 1 January 2024 115,655
As at 31 December 2024 115,655
Provision
As at 1 January 2024 -
As at 31 December 2024 -
Net Book Value
As at 31 December 2024 115,655
As at 1 January 2024 115,655
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Page 5
7. Debtors
2024 2023
£ £
Due within one year
Trade debtors - 6,000
Prepayments and accrued income 100 100
Other debtors 51,169 51,169
Other taxes and social security 114 114
Directors' loan accounts 152,444 152,445
Amounts owed by subsidiaries 240 240
204,067 210,068
8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 5,149 1,294
Bank loans and overdrafts 23,329 21,189
Corporation tax 198,600 182,783
VAT 8,964 2,791
Other creditors 2,484 2,484
Amounts owed to pension fund 105,591 119,000
Accruals and deferred income 3,800 1,600
Amounts owed to subsidiaries 20,642 10,642
368,559 341,783
9. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 6,236 16,234
10. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 2 2
11. Directors Advances, Credits and Guarantees
Included within debtors is a loan to a director:
As at 1 January 2024 Amounts advanced Amounts repaid Amounts written off As at 31 December 2024
£ £ £ £ £
Mr Stephen Sacks 152,445 98,933 98,934 - 152,444
The above loan is unsecured, interest free and repayable on demand.
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