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FRS 102 Section 20 compliance for UK and Ireland SMEs. AI document extraction, live SONIA rates, audit-ready reports. From £20/month + VAT.

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Website, pricing, platforms and company facts side by side.
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| Website | lease102.co.uk | flatlogic.com |
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| Company | Startup from the United Kingdom · 1 - 9 employees · 2025 | — |
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In their own words, as submitted to SaaSHub.


Lease102 is purpose-built FRS 102 Section 20 lease accounting software for UK and Ireland SMEs and accountancy firms, priced from £20/month + VAT (competitors typically charge £3,000+/year). How it works Upload a lease (PDF, Word or Excel) and the AI extracts the terms for your review. The...
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Lease102 - AI extraction Demo - from PDF to FRS 102 schedule in 90 seconds
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As answered by people managing Lease102.co.uk and Sing App React Java.
Lease102.co.uk's answer
Finance directors, financial controllers and company accountants at UK and Ireland SMEs that report under FRS 102 and hold leases (property, vehicles, equipment), together with accountancy firms preparing FRS 102 accounts for such clients. The 2026 FRS 102 lease amendments bring most of these companies' leases onto the balance sheet, which is exactly the work Lease102 automates.
Lease102.co.uk's answer
Lease102 is built specifically for FRS 102 Section 20, the UK and Irish accounting standard, rather than adapted from an IFRS 16 or US ASC 842 product. That focus shows everywhere: AI extraction reads a lease and maps it to FRS 102 terms, discount rates draw on live SONIA and ESTR data, the 2026 FRS 102 amendments are handled with proper transition calculations, and the output is the schedules, journals and disclosure notes a UK or Irish accountant actually files. It costs from £20 per month plus VAT, where comparable tools are typically priced in the thousands per year.
Lease102.co.uk's answer
Most lease accounting software is built for large corporates reporting under IFRS 16 or ASC 842, priced accordingly and sold with an implementation project. Lease102 is FRS 102-native, self-serve and priced for SMEs: sign up, upload a lease, and you have audit-ready schedules the same day. There is a 14-day free trial with no card, a free online FRS 102 calculator to sanity-check the numbers before you commit, and a Practice tier that lets accountancy firms manage every client's leases in one place, billed per active lease rather than a fixed licence.
Lease102.co.uk's answer
The 2026 amendments to FRS 102 require UK and Irish SMEs to bring most leases onto the balance sheet, work that previously only large IFRS 16 reporters had to do. The tools available were enterprise products at enterprise prices. Lease102 was built by Argonavis AI Limited to give the 300,000+ affected companies a purpose-built, affordable way to comply: AI to read the leases, a proper FRS 102 calculation engine, and audit-ready output, from £20 per month.
Lease102.co.uk's answer
A Next.js and React front end with a Python FastAPI back end on PostgreSQL, deployed cloud-natively. Document extraction uses Anthropic's Claude models, with every extraction reviewed by the user before any numbers are calculated. All monetary calculations run in exact decimal arithmetic rather than floating point.
Lease102.co.uk's answer
UK and Ireland SMEs and accountancy practices; we do not name customers without their consent.
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