Acorah Software Products - Accounts Production 15.0.500 false true 31 January 2023 1 February 2022 false 1 February 2023 31 January 2024 31 January 2024 3007924 Mr Habibur Rahman Mr Azizur RAHMAN Mr Habibur Rahman iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 3007924 2023-01-31 3007924 2024-01-31 3007924 2023-02-01 2024-01-31 3007924 frs-core:CurrentFinancialInstruments 2024-01-31 3007924 frs-core:Non-currentFinancialInstruments 2024-01-31 3007924 frs-core:ComputerEquipment 2024-01-31 3007924 frs-core:ComputerEquipment 2023-02-01 2024-01-31 3007924 frs-core:ComputerEquipment 2023-01-31 3007924 frs-core:FurnitureFittings 2024-01-31 3007924 frs-core:FurnitureFittings 2023-02-01 2024-01-31 3007924 frs-core:FurnitureFittings 2023-01-31 3007924 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-01-31 3007924 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-02-01 2024-01-31 3007924 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-01-31 3007924 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-01-31 3007924 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-02-01 2024-01-31 3007924 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-01-31 3007924 frs-core:PlantMachinery 2023-02-01 2024-01-31 3007924 frs-core:CapitalRedemptionReserve 2024-01-31 3007924 frs-core:OtherReservesSubtotal 2024-01-31 3007924 frs-core:RevaluationReserve 2023-01-31 3007924 frs-core:RevaluationReserve 2024-01-31 3007924 frs-core:ShareCapital 2024-01-31 3007924 frs-core:RetainedEarningsAccumulatedLosses 2024-01-31 3007924 frs-bus:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 3007924 frs-bus:FilletedAccounts 2023-02-01 2024-01-31 3007924 frs-bus:SmallEntities 2023-02-01 2024-01-31 3007924 frs-bus:AuditExempt-NoAccountantsReport 2023-02-01 2024-01-31 3007924 frs-bus:SmallCompaniesRegimeForAccounts 2023-02-01 2024-01-31 3007924 frs-bus:Director1 2023-02-01 2024-01-31 3007924 frs-bus:Director2 2023-02-01 2024-01-31 3007924 frs-bus:CompanySecretary1 2023-02-01 2024-01-31 3007924 frs-countries:EnglandWales 2023-02-01 2024-01-31 3007924 2022-01-31 3007924 2023-01-31 3007924 2022-02-01 2023-01-31 3007924 frs-core:CurrentFinancialInstruments 2023-01-31 3007924 frs-core:Non-currentFinancialInstruments 2023-01-31 3007924 frs-core:CapitalRedemptionReserve 2023-01-31 3007924 frs-core:OtherReservesSubtotal 2023-01-31 3007924 frs-core:RevaluationReserve 2023-01-31 3007924 frs-core:ShareCapital 2023-01-31 3007924 frs-core:RetainedEarningsAccumulatedLosses 2023-01-31
Registered number: 3007924
NECTOR U.K LTD
Unaudited Financial Statements
For The Year Ended 31 January 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 3007924
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 909,995 485,349
909,995 485,349
CURRENT ASSETS
Stocks 5 301,870 -
Investments 7 - (377,153 )
Cash at bank and in hand 52,167 162,536
354,037 (214,617 )
Creditors: Amounts Falling Due Within One Year 8 (986,680 ) (156,620 )
NET CURRENT ASSETS (LIABILITIES) (632,643 ) (371,237 )
TOTAL ASSETS LESS CURRENT LIABILITIES 277,352 114,112
Creditors: Amounts Falling Due After More Than One Year 9 (266,203 ) (359,762 )
NET ASSETS/(LIABILITIES) 11,149 (245,650 )
CAPITAL AND RESERVES
Called up share capital 10 6,000 6,000
Revaluation reserve 11 286,837 286,837
Capital redemption reserve (200,000 ) (200,000 )
Other reserves 3,000 3,000
Profit and Loss Account (84,688 ) (341,487 )
SHAREHOLDERS' FUNDS 11,149 (245,650)
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 Azizur RAHMAN
Director
29/04/2024
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
NECTOR U.K LTD is a private company, limited by shares, incorporated in England & Wales, registered number 3007924 . The registered office is 159 Havering Gardens, Chadwell Heath, Essex, RM6 5AL.
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:
Freehold Non
Leasehold Non
Plant & Machinery Non
Fixtures & Fittings Non
Computer Equipment Straight Line
2.4. 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was:
2024 2023
Office and administration 2 1
2 1
Page 3
Page 4
4. Tangible Assets
Land & Property
Freehold Leasehold Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 February 2023 1,002,355 (517,000 ) 6,223 - 491,578
Disposals (92,354 ) 517,000 - - 424,646
As at 31 January 2024 910,001 - 6,223 - 916,224
Depreciation
As at 1 February 2023 - - 6,229 - 6,229
As at 31 January 2024 - - 6,229 - 6,229
Net Book Value
As at 31 January 2024 910,001 - (6 ) - 909,995
As at 1 February 2023 1,002,355 (517,000 ) (6 ) - 485,349
5. Stocks
2024 2023
£ £
Stock 301,870 -
6. Debtors
2024 2023
£ £
Due within one year
7. Current Asset Investments
2024 2023
£ £
Short term deposits - (377,153 )
8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors - 1
Bank loans and overdrafts 269,223 143,078
Accruals and deferred income 600 600
Directors' loan accounts 716,857 12,941
986,680 156,620
9. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 266,203 359,762
Page 4
Page 5
10. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 6,000 6,000
11. Reserves
Revaluation Reserve
£
As at 1 February 2023 286,837
As at 31 January 2024 286,837
Page 5