Acorah Software Products - Accounts Production 14.5.501 false true 30 November 2022 1 December 2021 false 1 December 2022 30 November 2023 30 November 2023 12314364 Mr Korosh Farazad Mr Louis Jean Bradfield Kramer Mr Jack Elliott Bradfield Kramer iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 12314364 2022-11-30 12314364 2023-11-30 12314364 2022-12-01 2023-11-30 12314364 frs-core:CurrentFinancialInstruments 2023-11-30 12314364 frs-core:SharePremium 2023-11-30 12314364 frs-core:ShareCapital 2023-11-30 12314364 frs-core:RetainedEarningsAccumulatedLosses 2023-11-30 12314364 frs-bus:PrivateLimitedCompanyLtd 2022-12-01 2023-11-30 12314364 frs-bus:FilletedAccounts 2022-12-01 2023-11-30 12314364 frs-bus:SmallEntities 2022-12-01 2023-11-30 12314364 frs-bus:AuditExempt-NoAccountantsReport 2022-12-01 2023-11-30 12314364 frs-bus:SmallCompaniesRegimeForAccounts 2022-12-01 2023-11-30 12314364 frs-bus:Director1 2022-12-01 2023-11-30 12314364 frs-bus:Director2 2022-12-01 2023-11-30 12314364 frs-bus:Director3 2022-12-01 2023-11-30 12314364 frs-countries:EnglandWales 2022-12-01 2023-11-30 12314364 2021-11-30 12314364 2022-11-30 12314364 2021-12-01 2022-11-30 12314364 frs-core:CurrentFinancialInstruments 2022-11-30 12314364 frs-core:SharePremium 2022-11-30 12314364 frs-core:ShareCapital 2022-11-30 12314364 frs-core:RetainedEarningsAccumulatedLosses 2022-11-30
Registered number: 12314364
Farazad Facility Services Ltd
Unaudited Financial Statements
For The Year Ended 30 November 2023
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—3
Page 1
Balance Sheet
Registered number: 12314364
2023 2022
Notes £ £ £ £
CURRENT ASSETS
Debtors 4 85,993 2,700
Cash at bank and in hand 66,534 48,585
152,527 51,285
Creditors: Amounts Falling Due Within One Year 5 (276,831 ) (225,128 )
NET CURRENT ASSETS (LIABILITIES) (124,304 ) (173,843 )
TOTAL ASSETS LESS CURRENT LIABILITIES (124,304 ) (173,843 )
NET LIABILITIES (124,304 ) (173,843 )
CAPITAL AND RESERVES
Called up share capital 6 100 100
Share premium account 6,420 6,420
Profit and Loss Account (130,824 ) (180,363 )
SHAREHOLDERS' FUNDS (124,304) (173,843)
For the year ending 30 November 2023 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 Korosh Farazad
Director
25/03/2024
The notes on pages 2 to 3 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
Farazad Facility Services Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 12314364 . The registered office is 41 Devonshire Street, Ground Floor, London, W1G 7AJ.
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. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 3 (2022: 3)
3 3
4. Debtors
2023 2022
£ £
Due within one year
Trade debtors 73,344 2,700
Directors' loan accounts 12,649 -
85,993 2,700
5. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 908 -
Bank loans and overdrafts 45,389 48,375
VAT 51,238 -
Other creditors 15,130 5,206
Accruals and deferred income 145,429 164,036
Directors' loan accounts 18,737 7,511
276,831 225,128
Page 2
Page 3
6. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 100 100
Page 3