Acorah Software Products - Accounts Production 16.6.950 false true 31 March 2024 1 April 2023 false 1 April 2024 31 March 2025 31 March 2025 07126170 Mr S Andreanoff V Cheah iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 07126170 2024-03-31 07126170 2025-03-31 07126170 2024-04-01 2025-03-31 07126170 frs-core:CurrentFinancialInstruments 2025-03-31 07126170 frs-core:ComputerEquipment 2025-03-31 07126170 frs-core:ComputerEquipment 2024-04-01 2025-03-31 07126170 frs-core:ComputerEquipment 2024-03-31 07126170 frs-core:MotorVehicles 2025-03-31 07126170 frs-core:MotorVehicles 2024-04-01 2025-03-31 07126170 frs-core:MotorVehicles 2024-03-31 07126170 frs-core:ShareCapital 2025-03-31 07126170 frs-core:RetainedEarningsAccumulatedLosses 2025-03-31 07126170 frs-bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 07126170 frs-bus:FilletedAccounts 2024-04-01 2025-03-31 07126170 frs-bus:SmallEntities 2024-04-01 2025-03-31 07126170 frs-bus:AuditExempt-NoAccountantsReport 2024-04-01 2025-03-31 07126170 frs-bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 07126170 frs-bus:Director1 2024-04-01 2025-03-31 07126170 frs-bus:Director2 2024-04-01 2025-03-31 07126170 frs-countries:EnglandWales 2024-04-01 2025-03-31 07126170 2023-03-31 07126170 2024-03-31 07126170 2023-04-01 2024-03-31 07126170 frs-core:CurrentFinancialInstruments 2024-03-31 07126170 frs-core:ShareCapital 2024-03-31 07126170 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31
Registered number: 07126170
Free Practise Ltd.
Unaudited Financial Statements
For The Year Ended 31 March 2025
Compton Hardwick Ltd
17 Hillside
Sawston
CB22 3BL
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—3
Page 1
Balance Sheet
Registered number: 07126170
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 1,315 2,128
1,315 2,128
CURRENT ASSETS
Debtors 5 - 1,850
Cash at bank and in hand 47,283 52,898
47,283 54,748
Creditors: Amounts Falling Due Within One Year 6 (3,085 ) (3,626 )
NET CURRENT ASSETS (LIABILITIES) 44,198 51,122
TOTAL ASSETS LESS CURRENT LIABILITIES 45,513 53,250
NET ASSETS 45,513 53,250
CAPITAL AND RESERVES
Called up share capital 7 100 100
Profit and Loss Account 45,413 53,150
SHAREHOLDERS' FUNDS 45,513 53,250
For the year ending 31 March 2025 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
Mr S Andreanoff
Director
27/11/2025
The notes on pages 2 to 3 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
Free Practise Ltd. is a private company, limited by shares, incorporated in England & Wales, registered number 07126170 . The registered office is 11 Wyburn Avenue, Barnet, Hertfordshire, EN5 5TG.
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. 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:
Motor Vehicles Over 4 years
Computer Equipment Over 4 years
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2024: 2)
2 2
4. Tangible Assets
Motor Vehicles Computer Equipment Total
£ £ £
Cost
As at 1 April 2024 4,500 9,681 14,181
Additions - 940 940
As at 31 March 2025 4,500 10,621 15,121
Depreciation
As at 1 April 2024 3,375 8,678 12,053
Provided during the period 625 1,128 1,753
As at 31 March 2025 4,000 9,806 13,806
Net Book Value
As at 31 March 2025 500 815 1,315
As at 1 April 2024 1,125 1,003 2,128
Page 2
Page 3
5. Debtors
2025 2024
£ £
Due within one year
Trade debtors - 1,850
6. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Other creditors 2,485 1,611
Directors' loan accounts 600 2,015
3,085 3,626
7. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 100 100
Page 3