Acorah Software Products - Accounts Production 16.8.200 false true 31 March 2024 1 April 2023 false 1 April 2024 31 March 2025 31 March 2025 07199262 Mr Simon Worthington Mr Simon WOrthington true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 07199262 2024-03-31 07199262 2025-03-31 07199262 2024-04-01 2025-03-31 07199262 frs-core:CurrentFinancialInstruments 2025-03-31 07199262 frs-core:ComputerEquipment 2025-03-31 07199262 frs-core:ComputerEquipment 2024-04-01 2025-03-31 07199262 frs-core:ComputerEquipment 2024-03-31 07199262 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2025-03-31 07199262 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-04-01 2025-03-31 07199262 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-03-31 07199262 frs-core:PlantMachinery 2024-04-01 2025-03-31 07199262 frs-core:ShareCapital 2025-03-31 07199262 frs-core:RetainedEarningsAccumulatedLosses 2025-03-31 07199262 frs-bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 07199262 frs-bus:FilletedAccounts 2024-04-01 2025-03-31 07199262 frs-bus:SmallEntities 2024-04-01 2025-03-31 07199262 frs-bus:AuditExempt-NoAccountantsReport 2024-04-01 2025-03-31 07199262 frs-bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 07199262 1 2024-04-01 2025-03-31 07199262 frs-bus:Director1 2024-04-01 2025-03-31 07199262 frs-countries:EnglandWales 2024-04-01 2025-03-31 07199262 2023-03-31 07199262 2024-03-31 07199262 2023-04-01 2024-03-31 07199262 frs-core:CurrentFinancialInstruments 2024-03-31 07199262 frs-core:ShareCapital 2024-03-31 07199262 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31
Registered number: 07199262
Worthington Finance Limited
Unaudited Financial Statements
For The Year Ended 31 March 2025
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—3
Page 1
Balance Sheet
Registered number: 07199262
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 20,084 20,920
20,084 20,920
CURRENT ASSETS
Debtors 5 11,865 9,994
Cash at bank and in hand 24,453 33,050
36,318 43,044
Creditors: Amounts Falling Due Within One Year 6 (22,636 ) (24,045 )
NET CURRENT ASSETS (LIABILITIES) 13,682 18,999
TOTAL ASSETS LESS CURRENT LIABILITIES 33,766 39,919
NET ASSETS 33,766 39,919
CAPITAL AND RESERVES
Called up share capital 7 2 2
Profit and Loss Account 33,764 39,917
SHAREHOLDERS' FUNDS 33,766 39,919
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 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 Simon Worthington
Director
9th December 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
Worthington Finance Limited Registered number 07199262 is a limited by shares company incorporated in England & Wales. The Registered Office is 34 Quartz Close, Wokingham, Berkshire, RG31 3TS.
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 comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at cost less depreciation. 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:
Freehold Depreciated Over 30 Years
Plant & Machinery 33% on Cost
Computer Equipment 33% of Cost
2.4. Taxation
The charge for taxation takes into account taxation deferred as a result of timing differences between the treatment of certain items for taxation and accounting purposes. In general, deferred taxation is recognised in respect of timing differences that have originated but not reversed at the balance sheet date. However, deferred tax assets are recognised only to the extent that the directors consider that it is more likely than not that there will be suitable taxable profits from which the future reversal of the underlying timing differences can be deducted. Deferred taxation is measured on a non-discounted basis at the tax rates that are expected to apply in periods in which the timing differences reverse, based on tax rates and the law enacted or substantively enacted at the balance sheet date.
2.5. Registrar Filing Requirements
The company has taken advantage of Companies Act 2006 section 444(1) and opted not to file the profit and loss account, directors report, and notes to the financial statements relating to the profit and loss account.
3. Average Number of Employees
Average number of employees, including directors, during the year was:
2025 2024
Office and administration 1 1
1 1
4. Tangible Assets
Land & Property
Freehold Computer Equipment Total
£ £ £
Cost
As at 1 April 2024 21,500 15,237 36,737
Additions - 537 537
As at 31 March 2025 21,500 15,774 37,274
...CONTINUED
Page 2
Page 3
Depreciation
As at 1 April 2024 1,521 14,296 15,817
Provided during the period 730 643 1,373
As at 31 March 2025 2,251 14,939 17,190
Net Book Value
As at 31 March 2025 19,249 835 20,084
As at 1 April 2024 19,979 941 20,920
5. Debtors
2025 2024
£ £
Due within one year
Trade debtors (817 ) (223 )
Other taxes and social security 12,622 10,217
Net wages 60 -
11,865 9,994
6. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 852 852
Corporation tax 3,108 5,091
Net wages - 1,023
Other creditors 1,092 875
Accruals and deferred income 17,584 16,204
22,636 24,045
7. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 2 2
8. Directors Advances, Credits and Guarantees
Dividends paid to directors
2025 2024
£ £
Mr Simon Worthington - 33,310
9. Dividends
2025 2024
£ £
On equity shares:
Final dividend paid 18,930 33,310
10. Ultimate Controlling Party
The company was under the control of Mr S. Worthington, a director and members of his close family throughout the current and previous year. Mr S. Worthington is personally interested in 50% of the company's share capital. In addition, his spouse control in aggregate a further 50% of the company's issued share capital.
Page 3