Acorah Software Products - Accounts Production 14.5.601 false true 31 March 2023 1 April 2022 false 1 April 2023 31 March 2024 31 March 2024 10814342 Mrs Maryam Bassily Mr Ramy Bassily iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 10814342 2023-03-31 10814342 2024-03-31 10814342 2023-04-01 2024-03-31 10814342 frs-core:CurrentFinancialInstruments 2024-03-31 10814342 frs-core:ComputerEquipment 2024-03-31 10814342 frs-core:ComputerEquipment 2023-04-01 2024-03-31 10814342 frs-core:ComputerEquipment 2023-03-31 10814342 frs-core:MotorVehicles 2024-03-31 10814342 frs-core:MotorVehicles 2023-04-01 2024-03-31 10814342 frs-core:MotorVehicles 2023-03-31 10814342 frs-core:ShareCapital 2024-03-31 10814342 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 10814342 frs-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 10814342 frs-bus:FilletedAccounts 2023-04-01 2024-03-31 10814342 frs-bus:SmallEntities 2023-04-01 2024-03-31 10814342 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 10814342 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 10814342 frs-core:ListedExchangeTraded 2024-03-31 10814342 frs-core:ListedExchangeTraded 2023-03-31 10814342 frs-core:CostValuation frs-core:ListedExchangeTraded 2023-03-31 10814342 frs-core:DisposalsRepaymentsInvestments frs-core:ListedExchangeTraded 2024-03-31 10814342 frs-core:CostValuation frs-core:ListedExchangeTraded 2024-03-31 10814342 frs-core:ProvisionsForImpairmentInvestments frs-core:ListedExchangeTraded 2023-03-31 10814342 frs-core:ProvisionsForImpairmentInvestments frs-core:ListedExchangeTraded 2024-03-31 10814342 frs-bus:Director1 2023-04-01 2024-03-31 10814342 frs-bus:Director2 2023-04-01 2024-03-31 10814342 frs-bus:Director2 2023-03-31 10814342 frs-bus:Director2 2024-03-31 10814342 frs-countries:EnglandWales 2023-04-01 2024-03-31 10814342 2022-03-31 10814342 2023-03-31 10814342 2022-04-01 2023-03-31 10814342 frs-core:CurrentFinancialInstruments 2023-03-31 10814342 frs-core:ShareCapital 2023-03-31 10814342 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31
Registered number: 10814342
Bassily Ophthalmic Services Ltd
Unaudited Financial Statements
For The Year Ended 31 March 2024
Sharpe Medical Accounting Ltd
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 10814342
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 32,386 45,793
Investments 5 - 45,000
32,386 90,793
CURRENT ASSETS
Debtors 6 255,185 28,059
Cash at bank and in hand 57,232 179,368
312,417 207,427
Creditors: Amounts Falling Due Within One Year 7 (49,804 ) (36,167 )
NET CURRENT ASSETS (LIABILITIES) 262,613 171,260
TOTAL ASSETS LESS CURRENT LIABILITIES 294,999 262,053
NET ASSETS 294,999 262,053
CAPITAL AND RESERVES
Called up share capital 8 100 100
Profit and Loss Account 294,899 261,953
SHAREHOLDERS' FUNDS 294,999 262,053
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For the year ending 31 March 2024 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
Mrs Maryam Bassily
Director
Mr Ramy Bassily
Director
10/04/2024
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Bassily Ophthalmic Services Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 10814342 . The registered office is Normanby Gateway, Lysaghts Way, Scunthorpe, North Lincolnshire, DN15 9YG.
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 recognised when a company gains entitlement to receive income from a third party.
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:
Motor Vehicles 20% Straight Line Method
Computer Equipment 25% Straight Line Method
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.
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3. Average Number of Employees
Average number of employees, including directors, during the year was:
2024 2023
Office and administration 4 4
4 4
4. Tangible Assets
Motor Vehicles Computer Equipment Total
£ £ £
Cost
As at 1 April 2023 50,917 15,982 66,899
As at 31 March 2024 50,917 15,982 66,899
Depreciation
As at 1 April 2023 11,032 10,074 21,106
Provided during the period 10,183 3,224 13,407
As at 31 March 2024 21,215 13,298 34,513
Net Book Value
As at 31 March 2024 29,702 2,684 32,386
As at 1 April 2023 39,885 5,908 45,793
5. Investments
Listed
£
Cost
As at 1 April 2023 45,000
Disposals (45,000 )
As at 31 March 2024 -
Provision
As at 1 April 2023 -
As at 31 March 2024 -
Net Book Value
As at 31 March 2024 -
As at 1 April 2023 45,000
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6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 26,161 24,828
Prepayments and accrued income 2,140 2,503
Other debtors 312 312
Other taxes and social security 433 416
Net wages 489 -
Directors' loan accounts 225,650 -
255,185 28,059
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Corporation tax 48,079 31,850
Other creditors 124 120
Accruals and deferred income 1,601 1,516
Directors' loan accounts - 2,681
49,804 36,167
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
9. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 April 2023 Amounts advanced Amounts repaid Amounts written off As at 31 March 2024
£ £ £ £ £
Mr Ramy Bassily - 225,650 - - 225,650
Interest was charged on the loan at a rate of 2%.
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