Acorah Software Products - Accounts Production 14.5.601 false true 31 January 2023 1 February 2022 false 1 February 2023 31 January 2024 31 January 2024 08854410 Mr Andrew Collins Ms Nathalie Richards Mr Bryan Cook iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 08854410 2023-01-31 08854410 2024-01-31 08854410 2023-02-01 2024-01-31 08854410 frs-core:CurrentFinancialInstruments 2024-01-31 08854410 frs-core:Non-currentFinancialInstruments 2024-01-31 08854410 frs-core:ComputerEquipment 2024-01-31 08854410 frs-core:ComputerEquipment 2023-02-01 2024-01-31 08854410 frs-core:ComputerEquipment 2023-01-31 08854410 frs-core:SharePremium 2024-01-31 08854410 frs-core:ShareCapital 2024-01-31 08854410 frs-core:RetainedEarningsAccumulatedLosses 2024-01-31 08854410 frs-bus:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 08854410 frs-bus:FilletedAccounts 2023-02-01 2024-01-31 08854410 frs-bus:SmallEntities 2023-02-01 2024-01-31 08854410 frs-bus:AuditExempt-NoAccountantsReport 2023-02-01 2024-01-31 08854410 frs-bus:SmallCompaniesRegimeForAccounts 2023-02-01 2024-01-31 08854410 frs-bus:Director1 2023-02-01 2024-01-31 08854410 frs-bus:Director2 2023-02-01 2024-01-31 08854410 frs-bus:Director3 2023-02-01 2024-01-31 08854410 frs-countries:EnglandWales 2023-02-01 2024-01-31 08854410 2022-01-31 08854410 2023-01-31 08854410 2022-02-01 2023-01-31 08854410 frs-core:CurrentFinancialInstruments 2023-01-31 08854410 frs-core:Non-currentFinancialInstruments 2023-01-31 08854410 frs-core:SharePremium 2023-01-31 08854410 frs-core:ShareCapital 2023-01-31 08854410 frs-core:RetainedEarningsAccumulatedLosses 2023-01-31
Registered number: 08854410
Edukit Solutions Limited
Unaudited Financial Statements
For The Year Ended 31 January 2024
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 08854410
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 69 137
69 137
CURRENT ASSETS
Debtors 5 7,735 19,343
Cash at bank and in hand 173,015 92,019
180,750 111,362
Creditors: Amounts Falling Due Within One Year 6 (163,848 ) (186,502 )
NET CURRENT ASSETS (LIABILITIES) 16,902 (75,140 )
TOTAL ASSETS LESS CURRENT LIABILITIES 16,971 (75,003 )
Creditors: Amounts Falling Due After More Than One Year 7 (50,333 ) (86,967 )
NET LIABILITIES (33,362 ) (161,970 )
CAPITAL AND RESERVES
Called up share capital 8 298 298
Share premium account 534,198 534,198
Profit and Loss Account (567,858 ) (696,466 )
SHAREHOLDERS' FUNDS (33,362) (161,970)
Page 1
Page 2
For the year ending 31 January 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 Andrew Collins
Director
30 April 2024
The notes on pages 3 to 4 form part of these financial statements.
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Page 3
Notes to the Financial Statements
1. General Information
Edukit Solutions Limited is a private company, limited by shares, incorporated in England & Wales, registered number 08854410 . The registered office is 9 Appold Street, 6th Floor, London, EC2A 2AP.
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% straight line
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 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.
2.5. Research and Development
Expenditure on research and development activities are recognised in profit and loss as incurred
3. Average Number of Employees
Average number of employees, including directors, during the year was: 5 (2023: 5)
5 5
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4. Tangible Assets
Computer Equipment
£
Cost
As at 1 February 2023 275
As at 31 January 2024 275
Depreciation
As at 1 February 2023 138
Provided during the period 68
As at 31 January 2024 206
Net Book Value
As at 31 January 2024 69
As at 1 February 2023 137
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 7,735 19,343
7,735 19,343
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Bank loans and overdrafts 10,000 10,000
VAT 22,865 22,918
Other creditors - Young Foundation 24,000 24,000
Accruals and deferred income 106,983 129,584
163,848 186,502
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 17,500 27,500
Other creditors Young Foundation 32,833 59,467
50,333 86,967
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 298 298
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