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 04096010 Mr M Eaves Mrs L Phillips Mrs L Phillips iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 04096010 2024-03-31 04096010 2025-03-31 04096010 2024-04-01 2025-03-31 04096010 frs-core:CurrentFinancialInstruments 2025-03-31 04096010 frs-core:ComputerEquipment 2025-03-31 04096010 frs-core:ComputerEquipment 2024-04-01 2025-03-31 04096010 frs-core:ComputerEquipment 2024-03-31 04096010 frs-core:FurnitureFittings 2025-03-31 04096010 frs-core:FurnitureFittings 2024-04-01 2025-03-31 04096010 frs-core:FurnitureFittings 2024-03-31 04096010 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2025-03-31 04096010 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-04-01 2025-03-31 04096010 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-03-31 04096010 frs-core:MotorVehicles 2025-03-31 04096010 frs-core:MotorVehicles 2024-04-01 2025-03-31 04096010 frs-core:MotorVehicles 2024-03-31 04096010 frs-core:ShareCapital 2025-03-31 04096010 frs-core:RetainedEarningsAccumulatedLosses 2025-03-31 04096010 frs-bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 04096010 frs-bus:FilletedAccounts 2024-04-01 2025-03-31 04096010 frs-bus:SmallEntities 2024-04-01 2025-03-31 04096010 frs-bus:AuditExempt-NoAccountantsReport 2024-04-01 2025-03-31 04096010 frs-bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 04096010 frs-bus:Director1 2024-04-01 2025-03-31 04096010 frs-bus:Director2 2024-04-01 2025-03-31 04096010 frs-bus:CompanySecretary1 2024-04-01 2025-03-31 04096010 frs-countries:EnglandWales 2024-04-01 2025-03-31 04096010 2023-03-31 04096010 2024-03-31 04096010 2023-04-01 2024-03-31 04096010 frs-core:CurrentFinancialInstruments 2024-03-31 04096010 frs-core:ShareCapital 2024-03-31 04096010 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31
Registered number: 04096010
Advanced Collection Systems Limited
Financial Statements
For The Year Ended 31 March 2025
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 04096010
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 242,403 266,702
242,403 266,702
CURRENT ASSETS
Debtors 5 3,048,380 2,569,781
Cash at bank and in hand 3,448,202 2,050,957
6,496,582 4,620,738
Creditors: Amounts Falling Due Within One Year 6 (697,498 ) (76,040 )
NET CURRENT ASSETS (LIABILITIES) 5,799,084 4,544,698
TOTAL ASSETS LESS CURRENT LIABILITIES 6,041,487 4,811,400
NET ASSETS 6,041,487 4,811,400
CAPITAL AND RESERVES
Called up share capital 7 50 50
Profit and Loss Account 6,041,437 4,811,350
SHAREHOLDERS' FUNDS 6,041,487 4,811,400
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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
Mrs L Phillips
Director
03/11/2025
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Advanced Collection Systems Limited is a private company, limited by shares, incorporated in England & Wales, registered number 04096010 . The registered office is Steele House, 126 Great North Road, Hatfield, Hertfordshire, AL9 5JN.

The presentation currency of the financial statements is the Pound Sterling (£).
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.
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:
Leasehold 5% on reducing balance
Motor Vehicles 25% on reducing balance
Fixtures & Fittings 25% on reducing balance
Computer Equipment 25% on reducing balance
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.
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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 year 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 asset reflects 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 or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also 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: 29 (2024: 27)
29 27
4. Tangible Assets
Land & Property
Leasehold Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 April 2024 163,756 132,187 36,001 81,624 413,568
Additions - - 3,829 11,985 15,814
As at 31 March 2025 163,756 132,187 39,830 93,609 429,382
Depreciation
As at 1 April 2024 23,885 49,957 28,852 44,172 146,866
Provided during the period 6,416 18,331 3,007 12,359 40,113
As at 31 March 2025 30,301 68,288 31,859 56,531 186,979
Net Book Value
As at 31 March 2025 133,455 63,899 7,971 37,078 242,403
As at 1 April 2024 139,871 82,230 7,149 37,452 266,702
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5. Debtors
2025 2024
£ £
Due within one year
Trade debtors 1,350,470 682,028
Other debtors 35,187 236,791
1,385,657 918,819
Due after more than one year
Other debtors 1,662,723 1,650,962
3,048,380 2,569,781
6. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 115,910 55,052
Other creditors 2,724 4,533
Taxation and social security 578,864 16,455
697,498 76,040
7. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 50 50
8. Related Party Transactions
Other debtors at 31 March 2025 includes loans of £329,500 (2024 - £327,000) to Lima Property 1 Limited,  £250,000 (2024 - £250,000) to Lima Property 2 Limited and £303,223 (2024 - £293,223) to LIMA Property 3 Limited.  Companies in which L Phillips and M Eaves are Directors. The loans are interest free.
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