Acorah Software Products - Accounts Production 14.5.601 false true 28 February 2023 1 March 2022 false 1 March 2023 29 February 2024 29 February 2024 11848081 Mr Srikanth Ramachandran Mr Martin Betts iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 11848081 2023-02-28 11848081 2024-02-29 11848081 2023-03-01 2024-02-29 11848081 frs-core:CurrentFinancialInstruments 2024-02-29 11848081 frs-core:ComputerEquipment 2024-02-29 11848081 frs-core:ComputerEquipment 2023-03-01 2024-02-29 11848081 frs-core:ComputerEquipment 2023-02-28 11848081 frs-core:ShareCapital 2024-02-29 11848081 frs-core:RetainedEarningsAccumulatedLosses 2024-02-29 11848081 frs-bus:PrivateLimitedCompanyLtd 2023-03-01 2024-02-29 11848081 frs-bus:FilletedAccounts 2023-03-01 2024-02-29 11848081 frs-bus:SmallEntities 2023-03-01 2024-02-29 11848081 frs-bus:AuditExempt-NoAccountantsReport 2023-03-01 2024-02-29 11848081 frs-bus:SmallCompaniesRegimeForAccounts 2023-03-01 2024-02-29 11848081 frs-bus:Director1 2023-03-01 2024-02-29 11848081 frs-bus:Director2 2023-03-01 2024-02-29 11848081 frs-countries:EnglandWales 2023-03-01 2024-02-29 11848081 2022-02-28 11848081 2023-02-28 11848081 2022-03-01 2023-02-28 11848081 frs-core:CurrentFinancialInstruments 2023-02-28 11848081 frs-core:ShareCapital 2023-02-28 11848081 frs-core:RetainedEarningsAccumulatedLosses 2023-02-28
Registered number: 11848081
Ntrust Infotech Ltd
Unaudited Financial Statements
For The Year Ended 29 February 2024
Merranti Accounting Ltd
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 11848081
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 619 929
619 929
CURRENT ASSETS
Debtors 5 105,541 94,331
Cash at bank and in hand 268,556 246,404
374,097 340,735
Creditors: Amounts Falling Due Within One Year 6 (337,457 ) (303,251 )
NET CURRENT ASSETS (LIABILITIES) 36,640 37,484
TOTAL ASSETS LESS CURRENT LIABILITIES 37,259 38,413
NET ASSETS 37,259 38,413
CAPITAL AND RESERVES
Called up share capital 1 1
Profit and Loss Account 37,258 38,412
SHAREHOLDERS' FUNDS 37,259 38,413
Page 1
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For the year ending 29 February 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
Mr Srikanth Ramachandran
Director
11 April 2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
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Notes to the Financial Statements
1. General Information
Ntrust Infotech Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 11848081 . The registered office is 10 Scandia-Hus Business Park, Felcourt Road, Felcourt, East Grinstead, Surrey, RH19 2LP.
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:
Computer Equipment 25% Straightline method
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.
2.5. 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.

3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 2)
2 2
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4. Tangible Assets
Computer Equipment
£
Cost
As at 1 March 2023 2,047
As at 29 February 2024 2,047
Depreciation
As at 1 March 2023 1,118
Provided during the period 310
As at 29 February 2024 1,428
Net Book Value
As at 29 February 2024 619
As at 1 March 2023 929
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 80,482 93,931
Other debtors 25,059 400
105,541 94,331
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors - 1,520
Amounts owed to participating interests 322,300 259,750
Other creditors - 15,099
Taxation and social security 15,157 26,882
337,457 303,251
7. Related Party Transactions
NTrust Infotech Inc - Group company
During the year, the company received/(made) advances of (£39,758) (2023: £68,490) from/(to) Ntrust Infotech Inc. The loans are unsecured, bear no interest and are repayable upon demand. At the balance sheet date the amount due to/(from) Ntrust Infotech Inc was (£24,659) (2023: £15,099).
NTrust Holdings LLC - Parent company
During the year the company received advances from NTust Holdings LLC of £322,300 (2023: £259,750). The loans are unsecured, bear no interest and are repayable upon demand. At the balance sheet date the amount due to NTrust Holdings LLC was £322,300 (2023: £259,750).
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