Acorah Software Products - Accounts Production 15.0.500 false true 31 October 2022 1 November 2021 false 1 November 2022 31 October 2023 31 October 2023 09276159 Mr Arunas Ruksnaitis Mr Modestas Ruksnaitis iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 09276159 2022-10-31 09276159 2023-10-31 09276159 2022-11-01 2023-10-31 09276159 frs-core:CurrentFinancialInstruments 2023-10-31 09276159 frs-core:Non-currentFinancialInstruments 2023-10-31 09276159 frs-core:ComputerEquipment 2023-10-31 09276159 frs-core:ComputerEquipment 2022-11-01 2023-10-31 09276159 frs-core:ComputerEquipment 2022-10-31 09276159 frs-core:FurnitureFittings 2023-10-31 09276159 frs-core:FurnitureFittings 2022-11-01 2023-10-31 09276159 frs-core:FurnitureFittings 2022-10-31 09276159 frs-core:ShareCapital 2023-10-31 09276159 frs-core:RetainedEarningsAccumulatedLosses 2023-10-31 09276159 frs-bus:PrivateLimitedCompanyLtd 2022-11-01 2023-10-31 09276159 frs-bus:FilletedAccounts 2022-11-01 2023-10-31 09276159 frs-bus:SmallEntities 2022-11-01 2023-10-31 09276159 frs-bus:AuditExempt-NoAccountantsReport 2022-11-01 2023-10-31 09276159 frs-bus:SmallCompaniesRegimeForAccounts 2022-11-01 2023-10-31 09276159 frs-bus:Director1 2022-11-01 2023-10-31 09276159 frs-bus:Director2 2022-11-01 2023-10-31 09276159 frs-core:CurrentFinancialInstruments 1 2023-10-31 09276159 frs-countries:EnglandWales 2022-11-01 2023-10-31 09276159 2021-10-31 09276159 2022-10-31 09276159 2021-11-01 2022-10-31 09276159 frs-core:CurrentFinancialInstruments 2022-10-31 09276159 frs-core:Non-currentFinancialInstruments 2022-10-31 09276159 frs-core:ShareCapital 2022-10-31 09276159 frs-core:RetainedEarningsAccumulatedLosses 2022-10-31 09276159 frs-core:CurrentFinancialInstruments 1 2022-10-31
Registered number: 09276159
Softar Consulting Limited
Unaudited Financial Statements
For The Year Ended 31 October 2023
Claritas Accountancy Ltd
IFA
1 Peach Street
Wokingham
RG40 1XJ
Contents
Page
Statement of Financial Position 1—2
Notes to the Financial Statements 3—5
Page 1
Statement of Financial Position
Registered number: 09276159
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 704 1,057
704 1,057
CURRENT ASSETS
Debtors 5 1,022 8,639
Cash at bank and in hand 793 5,914
1,815 14,553
Creditors: Amounts Falling Due Within One Year 6 (19,032 ) (16,469 )
NET CURRENT ASSETS (LIABILITIES) (17,217 ) (1,916 )
TOTAL ASSETS LESS CURRENT LIABILITIES (16,513 ) (859 )
Creditors: Amounts Falling Due After More Than One Year 7 (14,167 ) (12,917 )
NET LIABILITIES (30,680 ) (13,776 )
CAPITAL AND RESERVES
Called up share capital 8 2,000 2,000
Income Statement (32,680 ) (15,776 )
SHAREHOLDERS' FUNDS (30,680) (13,776)
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For the year ending 31 October 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 Income Statement.
On behalf of the board
Mr Arunas Ruksnaitis
Director
Mr Modestas Ruksnaitis
Director
22/07/2024
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Softar Consulting Limited is a private company, limited by shares, incorporated in England & Wales, registered number 09276159 . The registered office is 17 Marks Road, Wokingham, Berkshire, RG41 1NR.
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:
Fixtures & Fittings 25% Straight Line
Computer Equipment 25% Straight Line
2.4. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the income statement so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to income statement as incurred.
2.5. 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.
...CONTINUED
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2.5. Taxation - continued
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: 1 (2022: 1)
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4. Tangible Assets
Fixtures & Fittings Computer Equipment Total
£ £ £
Cost
As at 1 November 2022 2,358 7,184 9,542
As at 31 October 2023 2,358 7,184 9,542
Depreciation
As at 1 November 2022 1,301 7,184 8,485
Provided during the period 353 - 353
As at 31 October 2023 1,654 7,184 8,838
Net Book Value
As at 31 October 2023 704 - 704
As at 1 November 2022 1,057 - 1,057
5. Debtors
2023 2022
£ £
Due within one year
Trade debtors 360 8,400
Prepayments and accrued income 263 239
VAT 399 -
1,022 8,639
6. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 251 373
Other loans - 5,000
Corporation tax - 1,506
VAT - 2,349
Net wages 11,290 1,026
Pension creditor 37 453
Accruals 1,700 1,700
Directors' loan accounts 5,754 4,062
19,032 16,469
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7. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Other loans 14,167 12,917
8. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 2,000 2,000
9. Related Party Transactions
An interest free loan was made to the company by Mr Arunas Ruksnaitis. The amount due at the year end is £5,754 (2022 - £4,062).
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