Acorah Software Products - Accounts Production 14.5.601 false true 30 April 2022 1 May 2021 false 1 May 2022 30 April 2023 30 April 2023 11328678 Mr Amardeep Rana Mr David Betteley iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 11328678 2022-04-30 11328678 2023-04-30 11328678 2022-05-01 2023-04-30 11328678 frs-core:Non-currentFinancialInstruments 2023-04-30 11328678 frs-core:ComputerEquipment 2022-05-01 2023-04-30 11328678 frs-core:FurnitureFittings 2022-05-01 2023-04-30 11328678 frs-core:SharePremium 2023-04-30 11328678 frs-core:ShareCapital 2023-04-30 11328678 frs-core:RetainedEarningsAccumulatedLosses 2023-04-30 11328678 frs-bus:PrivateLimitedCompanyLtd 2022-05-01 2023-04-30 11328678 frs-bus:AbridgedAccounts 2022-05-01 2023-04-30 11328678 frs-bus:SmallEntities 2022-05-01 2023-04-30 11328678 frs-bus:AuditExempt-NoAccountantsReport 2022-05-01 2023-04-30 11328678 frs-bus:SmallCompaniesRegimeForAccounts 2022-05-01 2023-04-30 11328678 frs-bus:Director1 2022-05-01 2023-04-30 11328678 frs-bus:Director2 2022-05-01 2023-04-30 11328678 frs-countries:EnglandWales 2022-05-01 2023-04-30 11328678 2021-04-30 11328678 2022-04-30 11328678 2021-05-01 2022-04-30 11328678 frs-core:Non-currentFinancialInstruments 2022-04-30 11328678 frs-core:SharePremium 2022-04-30 11328678 frs-core:ShareCapital 2022-04-30 11328678 frs-core:RetainedEarningsAccumulatedLosses 2022-04-30
Registered number: 11328678
Credicar Limited
ABRIDGED Financial Statements
For The Year Ended 30 April 2023
Know Tax Accountants
Financial Statements
Contents
Page
Abridged Balance Sheet 1—2
Notes to the Abridged Financial Statements 3—4
Page 1
Abridged Balance Sheet
Registered number: 11328678
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 2,861 3,766
2,861 3,766
CURRENT ASSETS
Debtors 5 133,607 81,111
Cash at bank and in hand 21,343 98,290
154,950 179,401
Creditors: Amounts Falling Due Within One Year (114,793 ) (2,292 )
NET CURRENT ASSETS (LIABILITIES) 40,157 177,109
TOTAL ASSETS LESS CURRENT LIABILITIES 43,018 180,875
Creditors: Amounts Falling Due After More Than One Year (106,100 ) (70,031 )
NET (LIABILITIES)/ASSETS (63,082 ) 110,844
CAPITAL AND RESERVES
Called up share capital 213 207
Share premium account 501,372 431,946
Profit and Loss Account (564,667 ) (321,309 )
SHAREHOLDERS' FUNDS (63,082) 110,844
Page 1
Page 2
For the year ending 30 April 2023 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.
All of the company's members have consented to the preparation of an Abridged Balance Sheet for the year end 30 April 2023 in accordance with section 444(2A) of the Companies Act 2006.
On behalf of the board
Mr Amardeep Rana
Director
30/04/2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Abridged Financial Statements
1. General Information
Credicar Limited is a private company, limited by shares, incorporated in England & Wales, registered number 11328678 . The registered office is Grosvenor House, 11 St. Pauls Square, Birmingham, B3 1RB.
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:
Fixtures & Fittings 20% Reducing Balance
Computer Equipment 20% Straight Line
2.3. 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 year 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 asset reflects 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:
2023 2022
Office and administration 3 2
3 2
Page 3
Page 4
4. Tangible Assets
Total
£
Cost
As at 1 May 2022 4,936
As at 30 April 2023 4,936
Depreciation
As at 1 May 2022 1,170
Provided during the period 905
As at 30 April 2023 2,075
Net Book Value
As at 30 April 2023 2,861
As at 1 May 2022 3,766
5. Debtors
2023 2022
£ £
Due after more than one year
Corporation tax recoverable assets 31,888 -
31,888 -
Page 4