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Registered number: 10605637
SF Commercial Finance Ltd
Unaudited Financial Statements
For The Year Ended 31 March 2026
Merranti Accounting Ltd
10 Scandia Hus Business Park, Felcourt Road
Felcourt
East Grinstead
Surrey
RH19 2LP
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 10605637
2026 2025
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 4,124 3,952
Investments 5 1 1
4,125 3,953
CURRENT ASSETS
Debtors 6 5,405 1,999
Cash at bank and in hand 74,538 32,230
79,943 34,229
Creditors: Amounts Falling Due Within One Year 7 (20,875 ) (18,224 )
NET CURRENT ASSETS (LIABILITIES) 59,068 16,005
TOTAL ASSETS LESS CURRENT LIABILITIES 63,193 19,958
Creditors: Amounts Falling Due After More Than One Year 8 (2,280 ) (11,258 )
NET ASSETS 60,913 8,700
CAPITAL AND RESERVES
Called up share capital 100 100
Profit and Loss Account 60,813 8,600
SHAREHOLDERS' FUNDS 60,913 8,700
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For the year ending 31 March 2026 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 Stuart Flynn
Director
27 April 2026
The notes on pages 3 to 5 form part of these financial statements.
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Page 3
Notes to the Financial Statements
1. General Information
SF Commercial Finance Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 10605637 . The registered office is 10 Scandia-Hus Business Park, Felcourt Road, East Grinstead, West Sussex, RH19 2LP.
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. 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 10% Reducing balance
Computer Equipment 25% Reducing balance
2.4. 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.
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3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2025: 2)
2 2
4. Tangible Assets
Fixtures & Fittings Computer Equipment Total
£ £ £
Cost
As at 1 April 2025 4,391 - 4,391
Additions - 756 756
As at 31 March 2026 4,391 756 5,147
Depreciation
As at 1 April 2025 439 - 439
Provided during the period 395 189 584
As at 31 March 2026 834 189 1,023
Net Book Value
As at 31 March 2026 3,557 567 4,124
As at 1 April 2025 3,952 - 3,952
5. Investments
Associates
£
Cost or Valuation
As at 1 April 2025 1
As at 31 March 2026 1
Provision
As at 1 April 2025 -
As at 31 March 2026 -
Net Book Value
As at 31 March 2026 1
As at 1 April 2025 1
6. Debtors
2026 2025
£ £
Due within one year
Amounts owed by participating interests 1,999 1,999
Other debtors 3,406 -
5,405 1,999
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7. Creditors: Amounts Falling Due Within One Year
2026 2025
£ £
Bank loans and overdrafts 8,979 8,757
Other creditors 762 479
Taxation and social security 11,134 8,988
20,875 18,224
8. Creditors: Amounts Falling Due After More Than One Year
2026 2025
£ £
Bank loans 2,280 11,258
9. Related Party Transactions
During the year, total commissions of £93,228 (2025 £78,480) were received from undertakings in which the company holds a participating interest.
During the year there were no movements in loans to these undertakings. At the balance sheet date, the total amount receivable from companies in which a participating interest is held was £1,999 (2025 £1,999). The loans are unsecured, payable upon demand and bear no interest.
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