Acorah Software Products - Accounts Production 16.6.920 false true true 31 December 2023 1 January 2023 false 5 December 2025 1 January 2024 31 December 2024 31 December 2024 11928639 Mr Tomi Lod Mr Antti Repo Mr Marc Zandt true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 11928639 2023-12-31 11928639 2024-12-31 11928639 2024-01-01 2024-12-31 11928639 frs-core:CurrentFinancialInstruments 2024-12-31 11928639 frs-core:Non-currentFinancialInstruments 2024-12-31 11928639 frs-core:ShareCapital 2024-12-31 11928639 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 11928639 frs-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 11928639 frs-bus:FilletedAccounts 2024-01-01 2024-12-31 11928639 frs-bus:SmallEntities 2024-01-01 2024-12-31 11928639 frs-bus:Audited 2024-01-01 2024-12-31 11928639 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 11928639 1 2024-01-01 2024-12-31 11928639 frs-bus:Director1 2024-01-01 2024-12-31 11928639 frs-bus:Director2 2024-01-01 2024-12-31 11928639 frs-bus:Director3 2024-01-01 2024-12-31 11928639 frs-countries:EnglandWales 2024-01-01 2024-12-31 11928639 2022-12-31 11928639 2023-12-31 11928639 2023-01-01 2023-12-31 11928639 frs-core:CurrentFinancialInstruments 2023-12-31 11928639 frs-core:Non-currentFinancialInstruments 2023-12-31 11928639 frs-core:ShareCapital 2023-12-31 11928639 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31
Registered number: 11928639
FA Solutions Software Limited
Financial Statements
For The Year Ended 31 December 2024
Accountum Limited
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—4
Page 1
Balance Sheet
Registered number: 11928639
2024 2023
Notes £ £ £ £
CURRENT ASSETS
Debtors 4 433,423 415,303
Cash at bank and in hand 154,394 115,531
587,817 530,834
Creditors: Amounts Falling Due Within One Year 5 (248,606 ) (233,848 )
NET CURRENT ASSETS (LIABILITIES) 339,211 296,986
TOTAL ASSETS LESS CURRENT LIABILITIES 339,211 296,986
Creditors: Amounts Falling Due After More Than One Year 6 (204,517 ) (207,781 )
NET ASSETS 134,694 89,205
CAPITAL AND RESERVES
Called up share capital 7 1 1
Profit and Loss Account 134,693 89,204
SHAREHOLDERS' FUNDS 134,694 89,205
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 Antti Repo
Director
05/12/2025
The notes on pages 2 to 4 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
FA Solutions Software Limited is a private company, limited by shares, incorporated in England & Wales, registered number 11928639 . The registered office is Sweden House, 5 Upper Montagu Street, London, W1H 2AG.
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 directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.
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 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.
2.4. 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 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.
2.6. 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.
2.7. Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
2.8. Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
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3. Average Number of Employees
Average number of employees, including directors, during the year was: 8 (2023: 6)
8 6
4. Debtors
2024 2023
£ £
Due within one year
Prepayments and accrued income 18,205 18,054
Other debtors 60,837 65,415
Amounts owed by group undertakings 354,381 331,834
433,423 415,303
Included in the overall net receivable balance with group companies is a loan payable that carries interest at 5% per annum and is repayable on demand. An amount of £34,814 has been recorded as interest payable on the loan in the period (2023: £nil). All other amounts owed by and to group companies are repayable on demand and carry no interest.
5. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 120 204
Corporation tax 25,801 84,184
Other taxes and social security 42,089 33,585
Other creditors 7,384 6,466
Accruals and deferred income 173,212 109,409
248,606 233,848
6. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Accruals and deferred income 204,517 207,781
7. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1 1
1 (2023 - 1) Ordinary Share of £1.00 each.
8. Related Party Transactions
The company is a wholly owned subsidiary member of its group and has therefore taken advantage of the provisions of Section 33.1A of FRS 102 not to disclose transactions with entities that are wholly owned members of the group. 
There were no other related party transactions to disclose.
9. Ultimate Controlling Party
The immediate parent of the company is FA Solutions Oy, a company incorporated in Finland and which produces the consolidated accounts. These consolidated financial statements are available upon request from Eerikinkatu 28, 00180, Helsinki, Finland.
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10. Audit Information
The auditor's report on the accounts of FA Solutions Software Limited for the year ended 31 December 2024 was unqualified.
The auditor's report was signed by William Watson (Senior Statutory Auditor) for and on behalf of Rawlinson & Hunter Audit LLP , Statutory Auditor.
Rawlinson & Hunter Audit LLP
Statutory Auditor & Chartered Accountants
Eighth Floor, 6 New Street Square
New Fetter Lane
London
EC4A 3AQ
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