Acorah Software Products - Accounts Production 19.2.350 false true 28 February 2025 1 March 2024 false 1 March 2025 28 February 2026 28 February 2026 06077520 Mr Manharbhai PATEL Mr Bijaya PADHI Mr Bijaya PADHI iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 06077520 2025-02-28 06077520 2026-02-28 06077520 2025-03-01 2026-02-28 06077520 frs-core:CurrentFinancialInstruments 2026-02-28 06077520 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2025-03-01 2026-02-28 06077520 frs-core:FurnitureFittings 2026-02-28 06077520 frs-core:FurnitureFittings 2025-03-01 2026-02-28 06077520 frs-core:FurnitureFittings 2025-02-28 06077520 frs-core:OtherResidualIntangibleAssets 2026-02-28 06077520 frs-core:OtherResidualIntangibleAssets 2025-02-28 06077520 frs-core:ShareCapital 2026-02-28 06077520 frs-core:RetainedEarningsAccumulatedLosses 2026-02-28 06077520 frs-bus:PrivateLimitedCompanyLtd 2025-03-01 2026-02-28 06077520 frs-bus:FilletedAccounts 2025-03-01 2026-02-28 06077520 frs-bus:SmallEntities 2025-03-01 2026-02-28 06077520 frs-bus:AuditExempt-NoAccountantsReport 2025-03-01 2026-02-28 06077520 frs-bus:SmallCompaniesRegimeForAccounts 2025-03-01 2026-02-28 06077520 frs-core:CostValuation 2025-02-28 06077520 frs-core:RevaluationsIncreaseDecreaseInInvestments 2026-02-28 06077520 frs-core:CostValuation 2026-02-28 06077520 frs-core:ProvisionsForImpairmentInvestments 2025-02-28 06077520 frs-core:ProvisionsForImpairmentInvestments 2026-02-28 06077520 frs-bus:Director1 2025-03-01 2026-02-28 06077520 frs-bus:Director2 2025-03-01 2026-02-28 06077520 frs-bus:CompanySecretary1 2025-03-01 2026-02-28 06077520 frs-countries:EnglandWales 2025-03-01 2026-02-28 06077520 2024-02-29 06077520 2025-02-28 06077520 2024-03-01 2025-02-28 06077520 frs-core:CurrentFinancialInstruments 2025-02-28 06077520 frs-core:ShareCapital 2025-02-28 06077520 frs-core:RetainedEarningsAccumulatedLosses 2025-02-28
Registered number: 06077520
Single Point Financial Services Limited
Unaudited Financial Statements
For The Year Ended 28 February 2026
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 06077520
2026 2025
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 5 245 326
Investments 6 69,876 62,599
70,121 62,925
CURRENT ASSETS
Cash at bank and in hand 62,580 77,028
62,580 77,028
Creditors: Amounts Falling Due Within One Year 7 (30,220 ) (42,923 )
NET CURRENT ASSETS (LIABILITIES) 32,360 34,105
TOTAL ASSETS LESS CURRENT LIABILITIES 102,481 97,030
NET ASSETS 102,481 97,030
CAPITAL AND RESERVES
Called up share capital 8 40,000 40,000
Profit and Loss Account 62,481 57,030
SHAREHOLDERS' FUNDS 102,481 97,030
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For the year ending 28 February 2026 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 Bijaya PADHI
Director
23/03/2026
The notes on pages 3 to 6 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Single Point Financial Services Limited is a private company, limited by shares, incorporated in England & Wales, registered number 06077520 . The registered office is 568 Rayners Lane, Pinner, Middlesex, HA5 5DJ.
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. Intangible Fixed Assets and Amortisation - Other Intangible
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:

Goodwill - 20% Straight Line

If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.
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:
Fixtures & Fittings 25% reducing balance
2.5. Financial Instruments
The Company has elected to apply the provisions of section 11 Basic Financial Instruments and Section 12 Other Financial Instruments Issues of FRS 102 to all of its financial instruments.
The Company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors, cash and cash
equivalents, trade and other payables, and loans and borrowings.
Financial assets and financial liabilities are recognised when the company becomes a party to the contractual provisions of the instruments. Financial assets and liabilities are initially
measured at fair value.
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2.6. 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 and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
2.7. Government Grant
Government grants are recognised in the profit and loss account in an appropriate manner that matches them with the expenditure towards which they are intended to contribute.
Grants for immediate financial support or to cover costs already incurred are recognised immediately in the profit and loss account. Grants towards general activities of the entity over a specific period are recognised in the profit and loss account over that period.
Grants towards fixed assets are recognised over the expected useful lives of the related assets and are treated as deferred income and released to the profit and loss account over the useful life of the asset concerned.
All grants in the profit and loss account are recognised when all conditions for receipt have been complied with.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2025: 1)
1 1
4. Intangible Assets
Other
£
Cost
As at 1 March 2025 90,000
As at 28 February 2026 90,000
Amortisation
As at 1 March 2025 90,000
As at 28 February 2026 90,000
Net Book Value
As at 28 February 2026 -
As at 1 March 2025 -
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5. Tangible Assets
Fixtures & Fittings
£
Cost
As at 1 March 2025 3,113
As at 28 February 2026 3,113
Depreciation
As at 1 March 2025 2,787
Provided during the period 81
As at 28 February 2026 2,868
Net Book Value
As at 28 February 2026 245
As at 1 March 2025 326
6. Investments
Other
£
Cost
As at 1 March 2025 62,599
Revaluations 7,277
As at 28 February 2026 69,876
Provision
As at 1 March 2025 -
As at 28 February 2026 -
Net Book Value
As at 28 February 2026 69,876
As at 1 March 2025 62,599
7. Creditors: Amounts Falling Due Within One Year
2026 2025
£ £
Trade creditors 8,278 11,781
Corporation tax 556 3,621
Other taxes and social security 476 374
Net wages - 912
Other creditors 14,000 19,500
Accruals and deferred income 540 365
Directors' loan accounts 6,370 6,370
30,220 42,923
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8. Share Capital
2026 2025
£ £
Allotted, Called up and fully paid 40,000 40,000
9. Related Party Transactions
The director Mr. Manhar Patel received a dividend of GBP 2,000 (2025: GBP 2,000) during the period.
10. Additional Notes to the Accounts
Directors advances, credit and guarantees
The business owes to the directors following balances at year end date 28/02/2026.
Mr Bijaya Kumar Padhi - GBP 3,125
Mr Manhar Patel - GBP 3,245
Ultimate controlling party
There was no party with an overall controlling interest in the company during the year.
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