Acorah Software Products - Accounts Production 14.5.601 false true false 28 July 2022 31 July 2023 31 July 2023 14262170 Mr Ayushman Dash Neuralspace, Inc 2810 N Church St, Pmb 14807, Wilmington, Delaware 19802-4447, United States true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 14262170 2022-07-27 14262170 2023-07-31 14262170 2022-07-28 2023-07-31 14262170 frs-core:CurrentFinancialInstruments 2023-07-31 14262170 frs-core:ComputerEquipment 2023-07-31 14262170 frs-core:ComputerEquipment 2022-07-28 2023-07-31 14262170 frs-core:ComputerEquipment 2022-07-27 14262170 frs-core:PlantMachinery 2023-07-31 14262170 frs-core:PlantMachinery 2022-07-28 2023-07-31 14262170 frs-core:PlantMachinery 2022-07-27 14262170 frs-core:ShareCapital 2023-07-31 14262170 frs-bus:PrivateLimitedCompanyLtd 2022-07-28 2023-07-31 14262170 frs-bus:FilletedAccounts 2022-07-28 2023-07-31 14262170 frs-bus:SmallEntities 2022-07-28 2023-07-31 14262170 frs-bus:AuditExempt-NoAccountantsReport 2022-07-28 2023-07-31 14262170 frs-bus:SmallCompaniesRegimeForAccounts 2022-07-28 2023-07-31 14262170 1 2022-07-28 2023-07-31 14262170 frs-bus:Director1 2022-07-28 2023-07-31 14262170 frs-countries:EnglandWales 2022-07-28 2023-07-31
Registered number: 14262170
Alekha It UK Ltd
Unaudited Financial Statements
For The Year Ended 31 July 2023
Oxwich Accountancy Limited
Contents
Page
Company Information 1
Balance Sheet 2
Notes to the Financial Statements 3—4
Page 1
Company Information
Director Mr Ayushman Dash
Company Number 14262170
Registered Office 7 Bell Yard
London
WC2A 2JR
Accountants Oxwich Accountancy Limited
ICAEW member firm number C006246679
113 Canalside
Redhill
Surrey
RH1 2FH
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Balance Sheet
Registered number: 14262170
2023
Notes £ £
FIXED ASSETS
Tangible Assets 4 2,399
2,399
CURRENT ASSETS
Debtors 5 19,559
Cash at bank and in hand 22,662
42,221
Creditors: Amounts Falling Due Within One Year 6 (44,610 )
NET CURRENT ASSETS (LIABILITIES) (2,389 )
TOTAL ASSETS LESS CURRENT LIABILITIES 10
NET ASSETS 10
CAPITAL AND RESERVES
Called up share capital 7 10
SHAREHOLDERS' FUNDS 10
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
Mr Ayushman Dash
Director
12/04/2024
The notes on pages 3 to 4 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Alekha It UK Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 14262170 . The registered office is 7 Bell Yard, London, WC2A 2JR.
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 rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
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. 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:
Plant & Machinery 2
Computer Equipment 2
2.4. 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: 6
6
4. Tangible Assets
Plant & Machinery Computer Equipment Total
£ £ £
Cost
As at 28 July 2022 - - -
Additions 686 3,799 4,485
As at 31 July 2023 686 3,799 4,485
Depreciation
As at 28 July 2022 - - -
Provided during the period 234 1,852 2,086
As at 31 July 2023 234 1,852 2,086
Net Book Value
As at 31 July 2023 452 1,947 2,399
As at 28 July 2022 - - -
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5. Debtors
2023
£
Due within one year
Prepayments and accrued income 19,559
6. Creditors: Amounts Falling Due Within One Year
2023
£
Trade creditors 405
Other taxes and social security 15,385
VAT 16,530
Other creditors 2,921
Accruals and deferred income 500
Directors' loan accounts 4,632
Amounts owed to parent undertaking 4,237
44,610
7. Share Capital
2023
£
Allotted, Called up and fully paid 10
8. Related Party Transactions
Intercompany Transactions
The company provides employment to UK based workers of its parent company. It's operating costs are limited to payroll, employee benefits and travelling expenses of these workers, and related costs such as supplying workspaces, equipment and software related to their roles within the wider group.
The parent company is a US incorporated entity with a UK permanent establishment. During the period, all of the parent's activities were conducted via it's UK permanent establishment.
The company does not make third party sales, total revenue for the period came from the recharge of costs to the parent company with no markup.
The parent company also provides working capital, the balance at period end is shown within the creditors note above. 
Amounts owed to directors
At the end of the period, the company had explain claims incurred by a company director and not yet reimbursed, totalling £4,631.89. These amounts are included in other creditors above.
9. Ultimate Parent Undertaking and Controlling Party
The company's immediate and ultimate parent undertaking is Neuralspace, Inc . Neuralspace, Inc was incorporated in the United States. Copies of the group accounts may be obtained from the secretary, 2810 N Church St, Pmb 14807, Wilmington, Delaware 19802-4447, United States . The ultimate controlling party is Neuralspace, Inc who controls 100% of the shares of Alekha It UK Ltd .
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