Acorah Software Products - Accounts Production 14.5.601 false true 31 July 2022 1 August 2021 false 1 August 2022 31 July 2023 31 July 2023 09147830 Mr Muhammad Farrukh iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 09147830 2022-07-31 09147830 2023-07-31 09147830 2022-08-01 2023-07-31 09147830 frs-core:CurrentFinancialInstruments 2023-07-31 09147830 frs-core:Non-currentFinancialInstruments 2023-07-31 09147830 frs-core:ComputerEquipment 2022-08-01 2023-07-31 09147830 frs-core:FurnitureFittings 2023-07-31 09147830 frs-core:FurnitureFittings 2022-08-01 2023-07-31 09147830 frs-core:FurnitureFittings 2022-07-31 09147830 frs-core:ShareCapital 2023-07-31 09147830 frs-core:RetainedEarningsAccumulatedLosses 2023-07-31 09147830 frs-bus:PrivateLimitedCompanyLtd 2022-08-01 2023-07-31 09147830 frs-bus:FilletedAccounts 2022-08-01 2023-07-31 09147830 frs-bus:SmallEntities 2022-08-01 2023-07-31 09147830 frs-bus:AuditExempt-NoAccountantsReport 2022-08-01 2023-07-31 09147830 frs-bus:SmallCompaniesRegimeForAccounts 2022-08-01 2023-07-31 09147830 frs-bus:Director1 2022-08-01 2023-07-31 09147830 frs-countries:EnglandWales 2022-08-01 2023-07-31 09147830 2021-07-31 09147830 2022-07-31 09147830 2021-08-01 2022-07-31 09147830 frs-core:CurrentFinancialInstruments 2022-07-31 09147830 frs-core:Non-currentFinancialInstruments 2022-07-31 09147830 frs-core:ShareCapital 2022-07-31 09147830 frs-core:RetainedEarningsAccumulatedLosses 2022-07-31
Registered number: 09147830
UK DIRECT 24/7 LTD
Unaudited Financial Statements
For The Year Ended 31 July 2023
Unaudited Financial Statements
Contents
Page
Company Information 1
Balance Sheet 2—3
Notes to the Financial Statements 4—6
Page 1
Company Information
Director Mr Muhammad Farrukh
Company Number 09147830
Registered Office 36 Watling Avenue
Edgware
HA8 0LR
Accountants ISA Consortium Ltd
206 New Road
Croxley Green
WD3 3HH
Page 1
Page 2
Balance Sheet
Registered number: 09147830
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 3,240 10,500
3,240 10,500
CURRENT ASSETS
Stocks 5 225,000 215,000
Debtors 6 4,911 14,240
Cash at bank and in hand 7,364 8,942
237,275 238,182
Creditors: Amounts Falling Due Within One Year 7 (137,452 ) (50,467 )
NET CURRENT ASSETS (LIABILITIES) 99,823 187,715
TOTAL ASSETS LESS CURRENT LIABILITIES 103,063 198,215
Creditors: Amounts Falling Due After More Than One Year 8 (35,648 ) (116,012 )
NET ASSETS 67,415 82,203
CAPITAL AND RESERVES
Called up share capital 9 105,000 105,000
Profit and Loss Account (37,585 ) (22,797 )
SHAREHOLDERS' FUNDS 67,415 82,203
Page 2
Page 3
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 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 Muhammad Farrukh
Director
12/04/2024
The notes on pages 4 to 6 form part of these financial statements.
Page 3
Page 4
Notes to the Financial Statements
1. General Information
UK DIRECT 24/7 LTD is a private company, limited by shares, incorporated in England & Wales, registered number 09147830 . The registered office is 36 Watling Avenue, Edgware, HA8 0LR.
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.
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:
Fixtures & Fittings 20
Computer Equipment 25
2.4. 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 5 (2022: 6)
5 6
Page 4
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4. Tangible Assets
Fixtures & Fittings
£
Cost
As at 1 August 2022 63,000
Additions 300
As at 31 July 2023 63,300
Depreciation
As at 1 August 2022 52,500
Provided during the period 7,560
As at 31 July 2023 60,060
Net Book Value
As at 31 July 2023 3,240
As at 1 August 2022 10,500
5. Stocks
2023 2022
£ £
Finished goods 225,000 215,000
6. Debtors
2023 2022
£ £
Due within one year
Trade debtors - 6,611
Other debtors 4,911 7,629
4,911 14,240
7. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 86,049 42,485
Other creditors 51,059 3,391
Taxation and social security 344 4,591
137,452 50,467
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Page 6
8. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Bank loans 35,648 43,258
Other creditors - 72,754
35,648 116,012
9. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 105,000 105,000
Page 6