Acorah Software Products - Accounts Production 16.6.920 false true true 29 February 2024 1 March 2023 false 1 March 2024 28 February 2025 28 February 2025 10610740 Mr S Low Mr S Low Mr S Low true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 10610740 2024-02-29 10610740 2025-02-28 10610740 2024-03-01 2025-02-28 10610740 frs-core:CurrentFinancialInstruments 2025-02-28 10610740 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2024-03-01 2025-02-28 10610740 frs-core:OtherResidualIntangibleAssets 2025-02-28 10610740 frs-core:OtherResidualIntangibleAssets 2024-03-01 2025-02-28 10610740 frs-core:OtherResidualIntangibleAssets 2024-02-29 10610740 frs-core:PlantMachinery 2025-02-28 10610740 frs-core:PlantMachinery 2024-03-01 2025-02-28 10610740 frs-core:PlantMachinery 2024-02-29 10610740 frs-core:ShareCapital 2025-02-28 10610740 frs-core:RetainedEarningsAccumulatedLosses 2025-02-28 10610740 frs-bus:PrivateLimitedCompanyLtd 2024-03-01 2025-02-28 10610740 frs-bus:FilletedAccounts 2024-03-01 2025-02-28 10610740 frs-bus:SmallEntities 2024-03-01 2025-02-28 10610740 frs-bus:AuditExempt-NoAccountantsReport 2024-03-01 2025-02-28 10610740 frs-bus:SmallCompaniesRegimeForAccounts 2024-03-01 2025-02-28 10610740 1 2024-03-01 2025-02-28 10610740 frs-bus:Director1 2024-03-01 2025-02-28 10610740 frs-bus:CompanySecretary1 2024-03-01 2025-02-28 10610740 frs-core:CurrentFinancialInstruments 1 2025-02-28 10610740 frs-countries:EnglandWales 2024-03-01 2025-02-28 10610740 2023-02-28 10610740 2024-02-29 10610740 2023-03-01 2024-02-29 10610740 frs-core:CurrentFinancialInstruments 2024-02-29 10610740 frs-core:ShareCapital 2024-02-29 10610740 frs-core:RetainedEarningsAccumulatedLosses 2024-02-29 10610740 frs-core:CurrentFinancialInstruments 1 2024-02-29
Registered number: 10610740
Liquidity Finder Limited
Financial Statements
For The Year Ended 28 February 2025
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 10610740
2025 2024
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 76,368 90,977
Tangible Assets 5 26 52
76,394 91,029
CURRENT ASSETS
Debtors 6 8,960 3,771
Cash at bank and in hand 72 2,603
9,032 6,374
Creditors: Amounts Falling Due Within One Year 7 (76,950 ) (71,560 )
NET CURRENT ASSETS (LIABILITIES) (67,918 ) (65,186 )
TOTAL ASSETS LESS CURRENT LIABILITIES 8,476 25,843
NET ASSETS 8,476 25,843
CAPITAL AND RESERVES
Called up share capital 8 54,053 54,053
Profit and Loss Account (45,577 ) (28,210 )
SHAREHOLDERS' FUNDS 8,476 25,843
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For the year ending 28 February 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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
Mr S Low
Director
31 October 2025
The notes on pages 3 to 6 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Liquidity Finder Limited is a private company, limited by shares, incorporated in England & Wales, registered number 10610740 . The registered office is 167-169 Great Portland Street, Fifth Floor, London, W1W 5PF.
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. Going Concern Disclosure
The going concern basis remains appropriate as the company is supported by ongoing trading activities and continuing financial support of the shareholder.
2.3. 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.
2.4. Intangible Fixed Assets and Amortisation - Other Intangible
Other intangible assets are amortised to the profit and loss account over the estimated economic life of 5 years.
2.5. 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 over 3 years
2.6. 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.
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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: 2 (2024: 2)
2 2
4. Intangible Assets
Other Intangible Assets
£
Cost
As at 1 March 2024 166,543
Additions 23,375
As at 28 February 2025 189,918
Amortisation
As at 1 March 2024 75,566
Provided during the period 37,984
As at 28 February 2025 113,550
Net Book Value
As at 28 February 2025 76,368
As at 1 March 2024 90,977
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5. Tangible Assets
Plant & Machinery
£
Cost
As at 1 March 2024 197
As at 28 February 2025 197
Depreciation
As at 1 March 2024 145
Provided during the period 26
As at 28 February 2025 171
Net Book Value
As at 28 February 2025 26
As at 1 March 2024 52
6. Debtors
2025 2024
£ £
Due within one year
Trade debtors 8,960 3,600
Other debtors - 171
8,960 3,771
7. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors - 11,028
Other taxes and social security 7,220 3,371
VAT 2,752 1,747
Other creditors 20,076 14,795
Income in Advance 37,561 26,406
Accruals 1,100 1,353
Director's loan account 8,241 12,860
76,950 71,560
8. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 54,053 54,053
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9. Related Party Transactions
Included in other creditors is £8,241 (2024: £12,860) due to Mr S Low, the director of the company.
10. Ultimate Controlling Party
The company's ultimate controlling party is Mr S Low by virtue of his ownership of 100% of the issued share capital in the company.
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