Acorah Software Products - Accounts Production 16.5.460 false true 31 December 2023 1 January 2023 false 4 November 2025 1 January 2024 31 December 2024 31 December 2024 12916152 Mr Roberto Del-Maschio Mr Laurence Rosen Mr Thomas Goodyear Mr Barney Machen Mr Joss Newman Mr Stephen Perrin Mr Matthew Barry iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 12916152 2023-12-31 12916152 2024-12-31 12916152 2024-01-01 2024-12-31 12916152 frs-core:CurrentFinancialInstruments 2024-12-31 12916152 frs-core:BetweenOneFiveYears 2024-12-31 12916152 frs-core:ComputerEquipment 2024-12-31 12916152 frs-core:ComputerEquipment 2024-01-01 2024-12-31 12916152 frs-core:ComputerEquipment 2023-12-31 12916152 frs-core:FurnitureFittings 2024-12-31 12916152 frs-core:FurnitureFittings 2024-01-01 2024-12-31 12916152 frs-core:FurnitureFittings 2023-12-31 12916152 frs-core:WithinOneYear 2024-12-31 12916152 frs-core:ShareCapital 2024-12-31 12916152 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 12916152 frs-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 12916152 frs-bus:FilletedAccounts 2024-01-01 2024-12-31 12916152 frs-bus:SmallEntities 2024-01-01 2024-12-31 12916152 frs-bus:Audited 2024-01-01 2024-12-31 12916152 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 12916152 frs-bus:Director1 2024-01-01 2024-12-31 12916152 frs-bus:Director2 2024-01-01 2024-12-31 12916152 frs-bus:Director3 2024-01-01 2024-12-31 12916152 frs-bus:Director4 2024-01-01 2024-12-31 12916152 frs-bus:Director5 2024-01-01 2024-12-31 12916152 frs-bus:Director6 2024-01-01 2024-12-31 12916152 frs-bus:CompanySecretary1 2024-01-01 2024-12-31 12916152 frs-countries:EnglandWales 2024-01-01 2024-12-31 12916152 2022-12-31 12916152 2023-12-31 12916152 2023-01-01 2023-12-31 12916152 frs-core:CurrentFinancialInstruments 2023-12-31 12916152 frs-core:BetweenOneFiveYears 2023-12-31 12916152 frs-core:WithinOneYear 2023-12-31 12916152 frs-core:ShareCapital 2023-12-31 12916152 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31
Registered number: 12916152
THE SIENA PARTNERSHIP LTD
Financial Statements
For The Year Ended 31 December 2024
Craughwell & Co
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—4
Page 1
Balance Sheet
Registered number: 12916152
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 20,692 16,459
20,692 16,459
CURRENT ASSETS
Debtors 5 1,819,137 992,921
Cash at bank and in hand 30,115 42,985
1,849,252 1,035,906
Creditors: Amounts Falling Due Within One Year 6 (1,581,260 ) (949,312 )
NET CURRENT ASSETS (LIABILITIES) 267,992 86,594
TOTAL ASSETS LESS CURRENT LIABILITIES 288,684 103,053
PROVISIONS FOR LIABILITIES
Deferred Taxation (5,172 ) (3,127 )
NET ASSETS 283,512 99,926
CAPITAL AND RESERVES
Called up share capital 8 810 810
Profit and Loss Account 282,702 99,116
SHAREHOLDERS' FUNDS 283,512 99,926
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 Stephen Perrin
Director
04/11/2025
The notes on pages 2 to 4 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
THE SIENA PARTNERSHIP LTD is a private company, limited by shares, incorporated in England & Wales, registered number 12916152 . The registered office is Brookwood House, 84 Brookwood Road, London, SW18 5BY.
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 represents fees earned, excluding VAT, from the placement of permanent candidates, from the supply of IT consultancy services and the supply of temporary contractors.  Revenue from the placement of permanent candidates is recognised at the point of invoice which is as agreed in the contract with the client, either in stages, on acceptance of offer or on commencement of employment.  Revenue from the supply of IT services and temporary contractors is recognised at the point that it becomes probable that the economic benefits will flow to the company and can be reliably measured; normally upon client confirmation that time has been worked or milestones met.
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:
Fixtures & Fittings 25% on cost
Computer Equipment 25% on cost
2.4. Leasing and Hire Purchase Contracts
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
2.5. 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.
2.6. 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.
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Page 3
2.7. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 12 (2023: 9)
12 9
4. Tangible Assets
Fixtures & Fittings Computer Equipment Total
£ £ £
Cost
As at 1 January 2024 5,579 18,198 23,777
Additions 4,824 6,418 11,242
As at 31 December 2024 10,403 24,616 35,019
Depreciation
As at 1 January 2024 725 6,593 7,318
Provided during the period 1,873 5,136 7,009
As at 31 December 2024 2,598 11,729 14,327
Net Book Value
As at 31 December 2024 7,805 12,887 20,692
As at 1 January 2024 4,854 11,605 16,459
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 1,454,386 759,100
Other debtors 364,751 233,821
1,819,137 992,921
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 41,739 26,888
Debentures 970,704 549,047
Other creditors 391,701 231,371
Taxation and social security 177,116 142,006
1,581,260 949,312
7. Secured Creditors
Of the creditors the following amounts are secured by a fixed and floating charge over the assets of the company.
2024 2023
£ £
Other Creditors 970,704 549,047
Page 3
Page 4
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 810 810
9. Other Commitments
The total of future minimum lease payments under non-cancellable operating leases are as following:
2024 2023
£ £
Not later than one year 159,450 145,300
Later than one year and not later than five years 1,725 12,325
161,175 157,625
10. Share Options
Certain employees participate in an Enterprise Management Incentive (EMI) Share Option Plan.
  • Number of Options Granted: 10,000
  • Exercise Price: £0.33 per share
  • Type of Shares: Ordinary B Shares of £0.01 each, non-redeemable
  • Vesting Conditions: Options may be exercised in full following the second anniversary of the grant date, subject to continued employment and other conditions outlined in the agreement.
No options were granted, exercised, forfeited, or expired during the year. The position was unchanged from the previous year.
11. Audit Information
The auditor's report on the accounts of THE SIENA PARTNERSHIP LTD for the year ended 31 December 2024 was unqualified.
The auditor's report was signed by Angela Trainor (Senior Statutory Auditor) for and on behalf of HJS Accountants Limited , Statutory Auditor.
HJS Accountants Limited
Tagus House
9 Ocean Way
Southampton
SO14 3TJ
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