Acorah Software Products - Accounts Production 14.6.300 false true 31 March 2023 1 April 2022 false 1 April 2023 31 March 2024 31 March 2024 13071619 Aanchal Sharma Deepak Pal Singh Mrs. Aanchal Sharma true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 13071619 2023-03-31 13071619 2024-03-31 13071619 2023-04-01 2024-03-31 13071619 frs-core:CurrentFinancialInstruments 2024-03-31 13071619 frs-core:ComputerEquipment 2024-03-31 13071619 frs-core:ComputerEquipment 2023-04-01 2024-03-31 13071619 frs-core:ComputerEquipment 2023-03-31 13071619 frs-core:ShareCapital 2024-03-31 13071619 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 13071619 frs-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 13071619 frs-bus:FilletedAccounts 2023-04-01 2024-03-31 13071619 frs-bus:SmallEntities 2023-04-01 2024-03-31 13071619 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 13071619 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 13071619 1 2023-04-01 2024-03-31 13071619 frs-bus:Director1 2023-04-01 2024-03-31 13071619 frs-bus:Director1 2023-03-31 13071619 frs-bus:Director1 2024-03-31 13071619 frs-bus:Director2 2023-04-01 2024-03-31 13071619 frs-bus:Director2 2023-03-31 13071619 frs-bus:Director2 2024-03-31 13071619 frs-countries:EnglandWales 2023-04-01 2024-03-31 13071619 2022-03-31 13071619 2023-03-31 13071619 2022-04-01 2023-03-31 13071619 frs-core:CurrentFinancialInstruments 2023-03-31 13071619 frs-core:ShareCapital 2023-03-31 13071619 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31
Registered number: 13071619
Ads Consultancy Services Ltd
Unaudited Financial Statements
For The Year Ended 31 March 2024
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—4
Page 1
Balance Sheet
Registered number: 13071619
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 802 471
802 471
CURRENT ASSETS
Debtors 5 11,495 61,566
Cash at bank and in hand 152 9,033
11,647 70,599
Creditors: Amounts Falling Due Within One Year 6 (97 ) (11,898 )
NET CURRENT ASSETS (LIABILITIES) 11,550 58,701
TOTAL ASSETS LESS CURRENT LIABILITIES 12,352 59,172
NET ASSETS 12,352 59,172
CAPITAL AND RESERVES
Called up share capital 7 12 12
Profit and Loss Account 12,340 59,160
SHAREHOLDERS' FUNDS 12,352 59,172
For the year ending 31 March 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
Deepak Pal Singh
Director
10 July 2024
The notes on pages 2 to 4 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
Ads Consultancy Services Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 13071619 . The registered office is 809 Salisbury House, 29 Finsbury Circus, London, EC2M 7AQ.
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
Revenue is recognised to the extent that the company obtains the right to consideration in exchange for its performance. Revenue is measured at the fair value of the consideration received, excluding discounts, rebates, VAT and other sales taxes or duty. The following criteria must also be met before revenue is recognised:
Rendering of services
Revenue 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% WDV
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 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.
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 assets reflect 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: 2 (2023: 2)
2 2
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4. Tangible Assets
Computer Equipment
£
Cost
As at 1 April 2023 626
Additions 583
As at 31 March 2024 1,209
Depreciation
As at 1 April 2023 155
Provided during the period 252
As at 31 March 2024 407
Net Book Value
As at 31 March 2024 802
As at 1 April 2023 471
.
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors - 16,560
Prepayments and accrued income 280 280
VAT 944 -
Directors' loan accounts 10,271 44,726
11,495 61,566
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Corporation tax - 7,127
VAT - 4,771
Accruals and deferred income 97 -
97 11,898
7. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 12 12
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8. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 April 2023 Amounts advanced Amounts repaid Amounts written off As at 31 March 2024
£ £ £ £ £
Mrs Aanchal Sharma 44,726 - 44,726 - -
Mr Deepak Singh - 10,271 - - 10,271
The above loan is unsecured, interest free and repayable on demand.
Dividends paid to directors
2024 2023
£ £
Aanchal Sharma 29,800 36,288
9. Related Party Transactions
Included in debtors due within one year is an amount of £10,271  (2023: £44,726) owed by its directors. The Interest is charged at 2.25% p.a on outstanding amount and repayable on demand. It is repayable before 31st December 2024.
10. Ultimate Controlling Party
The company's ultimate controlling party is Mrs. Aanchal Sharma by virtue of the ownership of 100% of the issued share capital in the company.
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