Acorah Software Products - Accounts Production 14.5.601 false true true 31 July 2022 29 July 2021 false 1 August 2022 31 July 2023 31 July 2023 13537539 Dr Nima Mahmoodi Miss Yasmin Shirazi iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 13537539 2022-07-31 13537539 2023-07-31 13537539 2022-08-01 2023-07-31 13537539 frs-core:CurrentFinancialInstruments 2023-07-31 13537539 frs-core:Non-currentFinancialInstruments 2023-07-31 13537539 frs-core:ComputerEquipment 2023-07-31 13537539 frs-core:ComputerEquipment 2022-08-01 2023-07-31 13537539 frs-core:ComputerEquipment 2022-07-31 13537539 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-07-31 13537539 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2022-08-01 2023-07-31 13537539 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2022-07-31 13537539 frs-core:PlantMachinery 2023-07-31 13537539 frs-core:PlantMachinery 2022-08-01 2023-07-31 13537539 frs-core:PlantMachinery 2022-07-31 13537539 frs-core:ShareCapital 2023-07-31 13537539 frs-core:RetainedEarningsAccumulatedLosses 2023-07-31 13537539 frs-bus:PrivateLimitedCompanyLtd 2022-08-01 2023-07-31 13537539 frs-bus:FilletedAccounts 2022-08-01 2023-07-31 13537539 frs-bus:SmallEntities 2022-08-01 2023-07-31 13537539 frs-bus:AuditExempt-NoAccountantsReport 2022-08-01 2023-07-31 13537539 frs-bus:SmallCompaniesRegimeForAccounts 2022-08-01 2023-07-31 13537539 frs-bus:Director1 2022-08-01 2023-07-31 13537539 frs-bus:Director2 2022-08-01 2023-07-31 13537539 frs-countries:EnglandWales 2022-08-01 2023-07-31 13537539 2021-07-28 13537539 2022-07-31 13537539 2021-07-29 2022-07-31 13537539 frs-core:CurrentFinancialInstruments 2022-07-31 13537539 frs-core:Non-currentFinancialInstruments 2022-07-31 13537539 frs-core:ShareCapital 2022-07-31 13537539 frs-core:RetainedEarningsAccumulatedLosses 2022-07-31
Registered number: 13537539
Remedi Group Limited
Unaudited Financial Statements
For The Year Ended 31 July 2023
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 13537539
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 651,251 451,759
651,251 451,759
CURRENT ASSETS
Debtors 5 23,516 80,855
Cash at bank and in hand 51,596 1,276
75,112 82,131
Creditors: Amounts Falling Due Within One Year 6 (287,544 ) (260,151 )
NET CURRENT ASSETS (LIABILITIES) (212,432 ) (178,020 )
TOTAL ASSETS LESS CURRENT LIABILITIES 438,819 273,739
Creditors: Amounts Falling Due After More Than One Year 7 (564,020 ) (384,998 )
NET LIABILITIES (125,201 ) (111,259 )
CAPITAL AND RESERVES
Called up share capital 8 4 4
Profit and Loss Account (125,205 ) (111,263 )
SHAREHOLDERS' FUNDS (125,201) (111,259)
Page 1
Page 2
For the year ending 31 July 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
Dr Nima Mahmoodi
Director
Miss Yasmin Shirazi
Director
18/04/2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Remedi Group Limited is a private company, limited by shares, incorporated in England & Wales, registered number 13537539 . The registered office is A05 Dual Business Unit, 1 Ace Way, London, SW11 7BF.
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. Going Concern Disclosure
The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.
The directors believe the financial statements are to be prepared on a going concern basis due to the continued support from the shareholders.
2.3. 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.
2.4. 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:
Leasehold 10 Year Straight Line
Plant & Machinery 5 Year Reducing Balance
Computer Equipment 3 Year Straight Line
3. Average Number of Employees
Average number of employees, including directors, during the year was: 3 (2022: 2)
3 2
4. Tangible Assets
Land & Property
Leasehold Plant & Machinery Computer Equipment Total
£ £ £ £
Cost
As at 1 August 2022 296,622 153,900 13,595 464,117
Additions 258,925 9,094 10,238 278,257
As at 31 July 2023 555,547 162,994 23,833 742,374
...CONTINUED
Page 3
Page 4
Depreciation
As at 1 August 2022 5,469 6,663 226 12,358
Provided during the period 53,340 23,168 2,257 78,765
As at 31 July 2023 58,809 29,831 2,483 91,123
Net Book Value
As at 31 July 2023 496,738 133,163 21,350 651,251
As at 1 August 2022 291,153 147,237 13,369 451,759
5. Debtors
2023 2022
£ £
Due within one year
Prepayments and accrued income 1,766 -
Other debtors 21,750 21,750
VAT - 59,105
23,516 80,855
6. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 83,764 257,626
VAT 17,146 -
Directors' loan accounts 186,634 2,525
287,544 260,151
7. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Other creditors 564,020 384,998
564,020 384,998
8. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 4 4
Page 4