Acorah Software Products - Accounts Production 14.5.501 false true 31 October 2022 1 November 2021 false 1 November 2022 31 October 2023 31 October 2023 12962163 Mr Abiodun Balogun iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 12962163 2022-10-31 12962163 2023-10-31 12962163 2022-11-01 2023-10-31 12962163 frs-core:CurrentFinancialInstruments 2023-10-31 12962163 frs-core:ShareCapital 2023-10-31 12962163 frs-core:RetainedEarningsAccumulatedLosses 2023-10-31 12962163 frs-bus:PrivateLimitedCompanyLtd 2022-11-01 2023-10-31 12962163 frs-bus:FilletedAccounts 2022-11-01 2023-10-31 12962163 frs-bus:SmallEntities 2022-11-01 2023-10-31 12962163 frs-bus:AuditExempt-NoAccountantsReport 2022-11-01 2023-10-31 12962163 frs-bus:SmallCompaniesRegimeForAccounts 2022-11-01 2023-10-31 12962163 frs-bus:Director1 2022-11-01 2023-10-31 12962163 frs-countries:EnglandWales 2022-11-01 2023-10-31 12962163 2021-10-31 12962163 2022-10-31 12962163 2021-11-01 2022-10-31 12962163 frs-core:CurrentFinancialInstruments 2022-10-31 12962163 frs-core:ShareCapital 2022-10-31 12962163 frs-core:RetainedEarningsAccumulatedLosses 2022-10-31
Registered number: 12962163
ADHARATECH LTD
Financial Statements
For The Year Ended 31 October 2023
CPA London
236 Fore Street
London
N18 2QD
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2
Page 1
Balance Sheet
Registered number: 12962163
2023 2022
Notes £ £ £ £
CURRENT ASSETS
Investments 4 1 -
1 -
Creditors: Amounts Falling Due Within One Year 5 (5,529 ) (3,174 )
NET CURRENT ASSETS (LIABILITIES) (5,528 ) (3,174 )
TOTAL ASSETS LESS CURRENT LIABILITIES (5,528 ) (3,174 )
NET LIABILITIES (5,528 ) (3,174 )
CAPITAL AND RESERVES
Called up share capital 6 1 -
Profit and Loss Account (5,529 ) (3,174 )
SHAREHOLDERS' FUNDS (5,528) (3,174)
For the year ending 31 October 2023 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 Abiodun Balogun
Director
03/04/2024
The notes on page 2 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
ADHARATECH LTD is a private company, limited by shares, incorporated in England & Wales, registered number 12962163 . The registered office is 71-75 Shelton Street, Covent Garden, London, WC2H 9JQ.
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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2022: 2)
2 2
4. Current Asset Investments
2023 2022
£ £
Own shares, held for sale 1 -
5. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Bank loans and overdrafts 5,529 3,174
6. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 1 -
Page 2