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 06767404 J H Denning R Antanavicius J H Denning iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 06767404 2023-12-31 06767404 2024-12-31 06767404 2024-01-01 2024-12-31 06767404 frs-core:CurrentFinancialInstruments 2024-12-31 06767404 frs-core:Non-currentFinancialInstruments 2024-12-31 06767404 frs-core:PlantMachinery 2024-12-31 06767404 frs-core:PlantMachinery 2024-01-01 2024-12-31 06767404 frs-core:PlantMachinery 2023-12-31 06767404 frs-core:ShareCapital 2024-12-31 06767404 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 06767404 frs-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 06767404 frs-bus:FilletedAccounts 2024-01-01 2024-12-31 06767404 frs-bus:SmallEntities 2024-01-01 2024-12-31 06767404 frs-bus:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 06767404 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 06767404 frs-bus:OrdinaryShareClass1 2024-01-01 2024-12-31 06767404 frs-bus:OrdinaryShareClass1 2024-12-31 06767404 frs-bus:OrdinaryShareClass2 2024-01-01 2024-12-31 06767404 frs-bus:OrdinaryShareClass2 2024-12-31 06767404 frs-bus:Director1 2024-01-01 2024-12-31 06767404 frs-bus:Director2 2024-01-01 2024-12-31 06767404 frs-bus:CompanySecretary1 2024-01-01 2024-12-31 06767404 frs-countries:EnglandWales 2024-01-01 2024-12-31 06767404 2022-12-31 06767404 2023-12-31 06767404 2023-01-01 2023-12-31 06767404 frs-core:CurrentFinancialInstruments 2023-12-31 06767404 frs-core:Non-currentFinancialInstruments 2023-12-31 06767404 frs-core:ShareCapital 2023-12-31 06767404 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 06767404 frs-bus:OrdinaryShareClass1 2023-01-01 2023-12-31 06767404 frs-bus:OrdinaryShareClass2 2023-01-01 2023-12-31
Registered number: 06767404
Finling Associates Limited
Financial Statements
For The Year Ended 31 December 2024
Finling Associates Ltd
2 Printer's Yard
90a The Broadway
London
SW19 1RD
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 06767404
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 9,836 7,534
9,836 7,534
CURRENT ASSETS
Debtors 5 34,674 43,947
Cash at bank and in hand 124,089 110,932
158,763 154,879
Creditors: Amounts Falling Due Within One Year 6 (132,640 ) (129,943 )
NET CURRENT ASSETS (LIABILITIES) 26,123 24,936
TOTAL ASSETS LESS CURRENT LIABILITIES 35,959 32,470
Creditors: Amounts Falling Due After More Than One Year 7 (1,667 ) (5,667 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (1,869 ) -
NET ASSETS 32,423 26,803
CAPITAL AND RESERVES
Called up share capital 8 103 100
Profit and Loss Account 32,320 26,703
SHAREHOLDERS' FUNDS 32,423 26,803
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
J H Denning
Director
31 July 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
Finling Associates Limited is a private company, limited by shares, incorporated in England & Wales, registered number 06767404 . The registered office is Unit 2 Printer's Yard, 90a The Broadway, London, SW19 1RD.
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 rebates, discounts and other similar allowances.
Rendering of services
Turnover is either recognised monthly for performance obligations that are completed on a monthly basis, or is recognised by reference to the completion of each element of the perfomance obligation contained in the contracted work. 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:
Plant & Machinery 3 years straight line
2.4. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
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: 13 (2023: 13)
13 13
Page 3
Page 4
4. Tangible Assets
Plant & Machinery
£
Cost
As at 1 January 2024 28,274
Additions 7,489
Disposals (11,124 )
As at 31 December 2024 24,639
Depreciation
As at 1 January 2024 20,740
Provided during the period 5,140
Disposals (11,077 )
As at 31 December 2024 14,803
Net Book Value
As at 31 December 2024 9,836
As at 1 January 2024 7,534
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 7,587 10,371
Other debtors 27,087 33,576
34,674 43,947
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 23,340 12,305
Bank loans and overdrafts 11,819 10,642
Other creditors 54,830 57,516
Taxation and social security 42,651 49,480
132,640 129,943
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 1,667 5,667
Page 4
Page 5
8. Share Capital
2024 2023
Allotted, called up and fully paid £ £
100,000 Ordinary Shares of £ 0.001 each 100 100
2,900 Ordinary A shares of £ 0.001 each 3 -
103 100
Shares issued during the period: £
2,450 Ordinary A shares of £ 0.001 each 3
Page 5