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 09706804 Mr Awanish Kumar Singh Mr Awanish Kumar Singh true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 09706804 2022-07-31 09706804 2023-07-31 09706804 2022-08-01 2023-07-31 09706804 frs-core:Non-currentFinancialInstruments 2023-07-31 09706804 frs-core:ShareCapital 2023-07-31 09706804 frs-core:RetainedEarningsAccumulatedLosses 2023-07-31 09706804 frs-bus:PrivateLimitedCompanyLtd 2022-08-01 2023-07-31 09706804 frs-bus:FilletedAccounts 2022-08-01 2023-07-31 09706804 frs-bus:SmallEntities 2022-08-01 2023-07-31 09706804 frs-bus:AuditExempt-NoAccountantsReport 2022-08-01 2023-07-31 09706804 frs-bus:SmallCompaniesRegimeForAccounts 2022-08-01 2023-07-31 09706804 1 2022-08-01 2023-07-31 09706804 frs-bus:Director1 2022-08-01 2023-07-31 09706804 frs-countries:EnglandWales 2022-08-01 2023-07-31 09706804 2021-07-31 09706804 2022-07-31 09706804 2021-08-01 2022-07-31 09706804 frs-core:Non-currentFinancialInstruments 2022-07-31 09706804 frs-core:ShareCapital 2022-07-31 09706804 frs-core:RetainedEarningsAccumulatedLosses 2022-07-31
Registered number: 09706804
PICK2DROP LTD
Unaudited Financial Statements
For The Year Ended 31 July 2023
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3
Page 1
Balance Sheet
Registered number: 09706804
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 3,508 3,843
3,508 3,843
CURRENT ASSETS
Stocks 223,068 155,300
Debtors 5,636 12,399
Cash at bank and in hand 1,000 1,000
229,704 168,699
Creditors: Amounts Falling Due Within One Year (145,646 ) (58,149 )
NET CURRENT ASSETS (LIABILITIES) 84,058 110,550
TOTAL ASSETS LESS CURRENT LIABILITIES 87,566 114,393
Creditors: Amounts Falling Due After More Than One Year (85,100 ) (112,712 )
NET ASSETS 2,466 1,681
CAPITAL AND RESERVES
Called up share capital 4 1 1
Profit and Loss Account 2,465 1,680
SHAREHOLDERS' FUNDS 2,466 1,681
Page 1
Page 2
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 Awanish Kumar Singh
Director
2nd April 2024
The notes on page 3 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
PICK2DROP LTD is a private company, limited by shares, incorporated in England & Wales, registered number 09706804 . The registered office is 24 The Willows , Stevenage, Hertfordshire, SG2 8AW.
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 form the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
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
The charge for taxation takes into account taxation deferred as a result of timing differences between the treatment of certain items for taxation and accounting purposes. In general, deferred taxation is recognised in respect of timing differences that have originated but not reversed at the balance sheet date. However, deferred tax assets are recognised only to the extent that the directors consider that it is more likely than not that there will be suitable taxable profits from which the future reversal of the underlying timing differences can be deducted. Deferred taxation is measured on a non-discounted basis at the tax rates that are expected to apply in periods in which the timing differences reverse, based on tax rates and the law enacted or substantively enacted at the balance sheet date.
3. Average Number of Employees
Average number of employees, including directors, during the year was:
2023 2022
Office and administration 3 3
Sales, marketing and distribution 1 -
4 3
4. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 1 1
5. Ultimate Controlling Party
The company's ultimate controlling party is Mr Awanish Kumar Singh by virtue of his ownership of 100% of the issued share capital in the company.
Page 3