Acorah Software Products - Accounts Production 15.0.500 false true 31 July 2022 1 August 2021 false 1 August 2022 31 July 2023 31 July 2023 03801864 Mr Mohamed Younis Juned Osmani iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 03801864 2022-07-31 03801864 2023-07-31 03801864 2022-08-01 2023-07-31 03801864 frs-core:CurrentFinancialInstruments 2023-07-31 03801864 frs-core:Non-currentFinancialInstruments 2023-07-31 03801864 frs-core:ComputerEquipment 2023-07-31 03801864 frs-core:ComputerEquipment 2022-08-01 2023-07-31 03801864 frs-core:ComputerEquipment 2022-07-31 03801864 frs-core:FurnitureFittings 2023-07-31 03801864 frs-core:FurnitureFittings 2022-08-01 2023-07-31 03801864 frs-core:FurnitureFittings 2022-07-31 03801864 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-07-31 03801864 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2022-08-01 2023-07-31 03801864 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2022-07-31 03801864 frs-core:MotorVehicles 2023-07-31 03801864 frs-core:MotorVehicles 2022-08-01 2023-07-31 03801864 frs-core:MotorVehicles 2022-07-31 03801864 frs-core:ShareCapital 2023-07-31 03801864 frs-core:RetainedEarningsAccumulatedLosses 2023-07-31 03801864 frs-bus:PrivateLimitedCompanyLtd 2022-08-01 2023-07-31 03801864 frs-bus:FilletedAccounts 2022-08-01 2023-07-31 03801864 frs-bus:SmallEntities 2022-08-01 2023-07-31 03801864 frs-bus:AuditExempt-NoAccountantsReport 2022-08-01 2023-07-31 03801864 frs-bus:SmallCompaniesRegimeForAccounts 2022-08-01 2023-07-31 03801864 frs-core:UnlistedNon-exchangeTraded 2023-07-31 03801864 frs-core:UnlistedNon-exchangeTraded 2022-07-31 03801864 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2022-07-31 03801864 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2023-07-31 03801864 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2022-07-31 03801864 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2023-07-31 03801864 frs-bus:Director1 2022-08-01 2023-07-31 03801864 frs-bus:CompanySecretary1 2022-08-01 2023-07-31 03801864 frs-countries:EnglandWales 2022-08-01 2023-07-31 03801864 2021-07-31 03801864 2022-07-31 03801864 2021-08-01 2022-07-31 03801864 frs-core:CurrentFinancialInstruments 2022-07-31 03801864 frs-core:Non-currentFinancialInstruments 2022-07-31 03801864 frs-core:ShareCapital 2022-07-31 03801864 frs-core:RetainedEarningsAccumulatedLosses 2022-07-31
Registered number: 03801864
S & K Limited
Financial Statements
For The Year Ended 31 July 2023
Midland Accountants
91-93 Charles Henry Street
Birmingham
B12 0SJ
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 03801864
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 182,326 182,326
Investment Properties 5 268,210 268,210
Investments 6 15,000 15,000
465,536 465,536
CURRENT ASSETS
Stocks 7 - 6,100
Debtors 8 355,744 355,744
Cash at bank and in hand 832,234 832,234
1,187,978 1,194,078
Creditors: Amounts Falling Due Within One Year 9 (83,437 ) (83,437 )
NET CURRENT ASSETS (LIABILITIES) 1,104,541 1,110,641
TOTAL ASSETS LESS CURRENT LIABILITIES 1,570,077 1,576,177
Creditors: Amounts Falling Due After More Than One Year 10 (40,493 ) (40,493 )
NET ASSETS 1,529,584 1,535,684
CAPITAL AND RESERVES
Called up share capital 11 2 2
Profit and Loss Account 1,529,582 1,535,682
SHAREHOLDERS' FUNDS 1,529,584 1,535,684
Page 1
Page 2
For the year ending 31 July 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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 Mohamed Younis
Director
30 July 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
S & K Limited is a private company, limited by shares, incorporated in England & Wales, registered number 03801864 . The registered office is 245a Bevington Road, Aston, Birmingham, B6 6HT.
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 0%
Motor Vehicles 25%
Fixtures & Fittings 15%
Computer Equipment 15%
2.4. Investment Properties
All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.
2.5. 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: 8 (2022: 10)
8 10
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4. Tangible Assets
Land & Property
Freehold Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 August 2022 169,752 13,285 70,618 6,101 259,756
As at 31 July 2023 169,752 13,285 70,618 6,101 259,756
Depreciation
As at 1 August 2022 - 8,521 62,808 6,101 77,430
As at 31 July 2023 - 8,521 62,808 6,101 77,430
Net Book Value
As at 31 July 2023 169,752 4,764 7,810 - 182,326
As at 1 August 2022 169,752 4,764 7,810 - 182,326
5. Investment Property
2023
£
Fair Value
As at 1 August 2022 and 31 July 2023 268,210
6. Investments
Unlisted
£
Cost
As at 1 August 2022 15,000
As at 31 July 2023 15,000
Provision
As at 1 August 2022 -
As at 31 July 2023 -
Net Book Value
As at 31 July 2023 15,000
As at 1 August 2022 15,000
7. Stocks
2023 2022
£ £
Finished goods - 6,100
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8. Debtors
2023 2022
£ £
Due within one year
Trade debtors 123,949 123,949
Other debtors 160,393 160,393
VAT 70,878 70,878
Other taxes and social security 524 524
355,744 355,744
9. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 22,756 22,756
Corporation tax 31,076 31,076
Other creditors 22,692 22,692
Director's loan account 6,913 6,913
83,437 83,437
10. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Bank loans 40,493 40,493
11. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 2 2
Page 5