Acorah Software Products - Accounts Production 14.5.501 false true 31 August 2022 1 September 2021 false 1 September 2022 31 August 2023 31 August 2023 08640823 Mr Melap Singh iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 08640823 2022-08-31 08640823 2023-08-31 08640823 2022-09-01 2023-08-31 08640823 frs-core:CurrentFinancialInstruments 2023-08-31 08640823 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-08-31 08640823 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2022-09-01 2023-08-31 08640823 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2022-08-31 08640823 frs-core:MotorVehicles 2023-08-31 08640823 frs-core:MotorVehicles 2022-09-01 2023-08-31 08640823 frs-core:MotorVehicles 2022-08-31 08640823 frs-core:RevaluationReserve 2022-08-31 08640823 frs-core:RevaluationReserve 2023-08-31 08640823 frs-core:ShareCapital 2023-08-31 08640823 frs-core:RetainedEarningsAccumulatedLosses 2023-08-31 08640823 frs-bus:PrivateLimitedCompanyLtd 2022-09-01 2023-08-31 08640823 frs-bus:FilletedAccounts 2022-09-01 2023-08-31 08640823 frs-bus:SmallEntities 2022-09-01 2023-08-31 08640823 frs-bus:AuditExempt-NoAccountantsReport 2022-09-01 2023-08-31 08640823 frs-bus:SmallCompaniesRegimeForAccounts 2022-09-01 2023-08-31 08640823 frs-core:CostValuation 2022-08-31 08640823 frs-core:CostValuation 2023-08-31 08640823 frs-core:ProvisionsForImpairmentInvestments 2022-08-31 08640823 frs-core:ProvisionsForImpairmentInvestments 2023-08-31 08640823 frs-bus:Director1 2022-09-01 2023-08-31 08640823 frs-countries:EnglandWales 2022-09-01 2023-08-31 08640823 2021-08-31 08640823 2022-08-31 08640823 2021-09-01 2022-08-31 08640823 frs-core:CurrentFinancialInstruments 2022-08-31 08640823 frs-core:RevaluationReserve 2022-08-31 08640823 frs-core:ShareCapital 2022-08-31 08640823 frs-core:RetainedEarningsAccumulatedLosses 2022-08-31
Registered number: 08640823
Melap Singh & Co Ltd
Unaudited Financial Statements
For The Year Ended 31 August 2023
Baillie Chartered Certified Accountants
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 08640823
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 120,555 107,758
Investments 5 1,500,000 1,500,000
1,620,555 1,607,758
CURRENT ASSETS
Stocks 6 46,394 18,869
Debtors 7 25,000 1
Cash at bank and in hand 106,252 201,604
177,646 220,474
Creditors: Amounts Falling Due Within One Year 8 (20 ) (2 )
NET CURRENT ASSETS (LIABILITIES) 177,626 220,472
TOTAL ASSETS LESS CURRENT LIABILITIES 1,798,181 1,828,230
NET ASSETS 1,798,181 1,828,230
CAPITAL AND RESERVES
Called up share capital 9 4 4
Revaluation reserve 10 1,499,898 1,499,898
Profit and Loss Account 298,279 328,328
SHAREHOLDERS' FUNDS 1,798,181 1,828,230
Page 1
Page 2
For the year ending 31 August 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 Melap Singh
Director
10/04/2024
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Melap Singh & Co Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 08640823 . The registered office is 36 George Road, Edgbaston, Birmingham, B15 1PL.
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. 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 0%
Motor Vehicles 25% Reducing balance
2.3. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.4. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2022: 1)
1 1
Page 3
Page 4
4. Tangible Assets
Land & Property
Leasehold Motor Vehicles Total
£ £ £
Cost
As at 1 September 2022 103,445 18,175 121,620
Additions - 18,500 18,500
As at 31 August 2023 103,445 36,675 140,120
Depreciation
As at 1 September 2022 - 13,862 13,862
Provided during the period - 5,703 5,703
As at 31 August 2023 - 19,565 19,565
Net Book Value
As at 31 August 2023 103,445 17,110 120,555
As at 1 September 2022 103,445 4,313 107,758
5. Investments
Other
£
Cost
As at 1 September 2022 1,500,000
As at 31 August 2023 1,500,000
Provision
As at 1 September 2022 -
As at 31 August 2023 -
Net Book Value
As at 31 August 2023 1,500,000
As at 1 September 2022 1,500,000
6. Stocks
2023 2022
£ £
Vehicle stocks 46,394 18,869
7. Debtors
2023 2022
£ £
Due within one year
Other debtors 25,000 -
Director's loan account - 1
25,000 1
Page 4
Page 5
8. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors - 2
Director's loan account 20 -
20 2
9. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 4 4
10. Reserves
Revaluation Reserve
£
As at 1 September 2022 1,499,898
As at 31 August 2023 1,499,898
Page 5