Acorah Software Products - Accounts Production 6.9.025 false 13 February 2017 28 February 2018 28 February 2018 10615724 Mr Anish Cherian Thattaseril Mr Abraham Kunjachan Mr Bimod Kuruvilla Varghese iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 10615724 2017-02-12 10615724 2018-02-28 10615724 2017-02-13 2018-02-28 10615724 frs-core:CurrentFinancialInstruments 2018-02-28 10615724 frs-core:CurrentFinancialInstruments 2017-02-13 2018-02-28 10615724 frs-core:Non-currentFinancialInstruments 2018-02-28 10615724 frs-core:Non-currentFinancialInstruments 2017-02-13 2018-02-28 10615724 frs-core:CurrentFinancialInstruments 2017-02-13 2018-02-28 10615724 frs-core:CurrentFinancialInstruments 2018-02-28 10615724 frs-core:AfterOneYear 2017-02-13 2018-02-28 10615724 frs-core:BetweenOneFiveYears 2017-02-13 2018-02-28 10615724 frs-core:BetweenOneFiveYears 2018-02-28 10615724 frs-core:ComputerEquipment 2018-02-28 10615724 frs-core:ComputerEquipment 2017-02-13 2018-02-28 10615724 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Registered number: 10615724
MOUNT ZION ASSOCIATES LTD
Unaudited Financial Statements
For the Period 13 February 2017 to 28 February 2018
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Balance Sheet
Registered number: 10615724
Period to 28 February 2018
Notes £ £
FIXED ASSETS
Intangible Assets 3 72,000
Tangible Assets 4 6,400
78,400
CURRENT ASSETS
Debtors 5 2,000
Cash at bank and in hand 1,619
3,619
Creditors: Amounts Falling Due Within One Year 6 (107,677 )
NET CURRENT ASSETS (LIABILITIES) (104,058 )
TOTAL ASSETS LESS CURRENT LIABILITIES (25,658 )
NET ASSETS (25,658 )
CAPITAL AND RESERVES
Called up share capital 7 3
Profit and Loss Account (25,661 )
SHAREHOLDERS' FUNDS (25,658)
Page 1
For the period ending 28 February 2018 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
  • 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 Anish Cherian Thattaseril
Mr Abraham Kunjachan
Mr Bimod Kuruvilla Varghese
12/11/2018

The notes on pages 3 to 5 form part of these financial statements.
Page 2
Notes to the Financial Statements
1. Accounting Policies
1.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
1.2. 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.
1.3. 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 profit and loss account over its estimated economic life of .... years.
1.4. 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 WDV 20%
2. Average Number of Employees
Average number of employees, including directors, during the year was as follows:
Period to 28 February 2018
Office and administration 3
Sales, marketing and distribution 3
6
Page 3
3. Intangible Assets
Goodwill
£
Cost
As at 13 February 2017 72,000
As at 28 February 2018 72,000
Net Book Value
As at 28 February 2018 72,000
As at 13 February 2017 72,000
4. Tangible Assets
Fixtures & Fittings
£
Cost
As at 13 February 2017 8,000
As at 28 February 2018 8,000
Depreciation
As at 13 February 2017 -
Provided during the period 1,600
As at 28 February 2018 1,600
Net Book Value
As at 28 February 2018 6,400
As at 13 February 2017 8,000
5. Debtors
Period to 28 February 2018
£
Due within one year
Rent deposit 2,000
2,000
Page 4
6. Creditors: Amounts Falling Due Within One Year
Period to 28 February 2018
£
Net wages 1,080
Directors' loan accounts 106,597
107,677
7. Share Capital
Period to 28 February 2018
Allotted, Called up and fully paid 3
8. General Information
MOUNT ZION ASSOCIATES LTD is a private company, limited by shares, incorporated in England & Wales, registered number 10615724. The registered office is 135 Rectory Road, Worthing, BN14 7PH.
Page 5