Acorah Software Products - Accounts Production 16.8.200 false true 31 May 2024 1 June 2023 false 1 June 2024 31 May 2025 31 May 2025 05417916 Mr L Crump iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 05417916 2024-05-31 05417916 2025-05-31 05417916 2024-06-01 2025-05-31 05417916 frs-core:CurrentFinancialInstruments 2025-05-31 05417916 frs-core:Non-currentFinancialInstruments 2025-05-31 05417916 frs-core:ComputerEquipment 2025-05-31 05417916 frs-core:ComputerEquipment 2024-06-01 2025-05-31 05417916 frs-core:ComputerEquipment 2024-05-31 05417916 frs-core:NetGoodwill 2025-05-31 05417916 frs-core:NetGoodwill 2024-06-01 2025-05-31 05417916 frs-core:NetGoodwill 2024-05-31 05417916 frs-core:ShareCapital 2025-05-31 05417916 frs-core:RetainedEarningsAccumulatedLosses 2025-05-31 05417916 frs-bus:PrivateLimitedCompanyLtd 2024-06-01 2025-05-31 05417916 frs-bus:FilletedAccounts 2024-06-01 2025-05-31 05417916 frs-bus:SmallEntities 2024-06-01 2025-05-31 05417916 frs-bus:AuditExempt-NoAccountantsReport 2024-06-01 2025-05-31 05417916 frs-bus:SmallCompaniesRegimeForAccounts 2024-06-01 2025-05-31 05417916 frs-bus:Director1 2024-06-01 2025-05-31 05417916 frs-bus:Director1 2024-05-31 05417916 frs-bus:Director1 2025-05-31 05417916 frs-countries:EnglandWales 2024-06-01 2025-05-31 05417916 2023-05-31 05417916 2024-05-31 05417916 2023-06-01 2024-05-31 05417916 frs-core:CurrentFinancialInstruments 2024-05-31 05417916 frs-core:Non-currentFinancialInstruments 2024-05-31 05417916 frs-core:ShareCapital 2024-05-31 05417916 frs-core:RetainedEarningsAccumulatedLosses 2024-05-31
Registered number: 05417916
Cygnet Private Finance Limited
Financial Statements
For The Year Ended 31 May 2025
Affinity Associates (AU) Limited
Suite A, First Floor, Unit 1
Eurogate Business Park, Trinity Road
Ashford
Kent
TN24 8XW
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 05417916
2025 2024
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 90,092 140,509
Tangible Assets 5 757 1,130
90,849 141,639
CURRENT ASSETS
Debtors 6 82,025 80,314
Cash at bank and in hand 33,371 27,323
115,396 107,637
Creditors: Amounts Falling Due Within One Year 7 (49,715 ) (107,618 )
NET CURRENT ASSETS (LIABILITIES) 65,681 19
TOTAL ASSETS LESS CURRENT LIABILITIES 156,530 141,658
Creditors: Amounts Falling Due After More Than One Year 8 (156,222 ) (141,110 )
NET ASSETS 308 548
CAPITAL AND RESERVES
Called up share capital 9 100 100
Profit and Loss Account 208 448
SHAREHOLDERS' FUNDS 308 548
Page 1
Page 2
For the year ending 31 May 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 L Crump
Director
13 January 2026
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Cygnet Private Finance Limited is a private company, limited by shares, incorporated in England & Wales, registered number 05417916 . The registered office is Suite A, 1st Floor, Unit 1 Eurogate Business Park, Ashford, Kent, TN24 8XW.
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.
2.3. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to the profit and loss account over its estimated economic life of ten years.
2.4. 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:
Computer Equipment 33% reducing balance basis
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 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 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: 2 (2024: 2)
2 2
Page 3
Page 4
4. Intangible Assets
Goodwill
£
Cost
As at 1 June 2024 650,724
As at 31 May 2025 650,724
Amortisation
As at 1 June 2024 510,215
Provided during the period 50,417
As at 31 May 2025 560,632
Net Book Value
As at 31 May 2025 90,092
As at 1 June 2024 140,509
5. Tangible Assets
Computer Equipment
£
Cost
As at 1 June 2024 4,227
As at 31 May 2025 4,227
Depreciation
As at 1 June 2024 3,097
Provided during the period 373
As at 31 May 2025 3,470
Net Book Value
As at 31 May 2025 757
As at 1 June 2024 1,130
6. Debtors
2025 2024
£ £
Due within one year
Trade debtors 34,013 35,157
Other debtors 4,512 3,964
Corporation tax recoverable assets 654 654
Director's loan account 42,846 40,539
82,025 80,314
Page 4
Page 5
7. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Bank loans and overdrafts 14,922 55,900
Corporation tax 34,793 51,718
49,715 107,618
8. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Bank loans 156,222 141,110
9. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 100 100
10. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 June 2024 Amounts advanced Amounts repaid Amounts written off As at 31 May 2025
£ £ £ £ £
Mr Leo Crump 40,539 79,500 77,193 - 42,846
The above loan is unsecured, interest free and repayable on demand.
Page 5