Acorah Software Products - Accounts Production 15.0.500 false true true 31 October 2022 1 November 2021 false 1 November 2022 31 October 2023 31 October 2023 09282255 Mr A O'Neil Mr A O'Neil iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 09282255 2022-10-31 09282255 2023-10-31 09282255 2022-11-01 2023-10-31 09282255 frs-core:CurrentFinancialInstruments 2023-10-31 09282255 frs-core:Non-currentFinancialInstruments 2023-10-31 09282255 frs-core:ComputerEquipment 2022-11-01 2023-10-31 09282255 frs-core:PlantMachinery 2023-10-31 09282255 frs-core:PlantMachinery 2022-11-01 2023-10-31 09282255 frs-core:PlantMachinery 2022-10-31 09282255 frs-core:ShareCapital 2023-10-31 09282255 frs-core:RetainedEarningsAccumulatedLosses 2023-10-31 09282255 frs-bus:PrivateLimitedCompanyLtd 2022-11-01 2023-10-31 09282255 frs-bus:FilletedAccounts 2022-11-01 2023-10-31 09282255 frs-bus:SmallEntities 2022-11-01 2023-10-31 09282255 frs-bus:AuditExempt-NoAccountantsReport 2022-11-01 2023-10-31 09282255 frs-bus:SmallCompaniesRegimeForAccounts 2022-11-01 2023-10-31 09282255 frs-bus:Director1 2022-11-01 2023-10-31 09282255 frs-bus:CompanySecretary1 2022-11-01 2023-10-31 09282255 frs-countries:EnglandWales 2022-11-01 2023-10-31 09282255 2021-10-31 09282255 2022-10-31 09282255 2021-11-01 2022-10-31 09282255 frs-core:CurrentFinancialInstruments 2022-10-31 09282255 frs-core:Non-currentFinancialInstruments 2022-10-31 09282255 frs-core:ShareCapital 2022-10-31 09282255 frs-core:RetainedEarningsAccumulatedLosses 2022-10-31
Registered number: 09282255
Bulkara Limited
Unaudited Financial Statements
For The Year Ended 31 October 2023
HB Associates
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 09282255
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 501,765 751,148
501,765 751,148
CURRENT ASSETS
Debtors 5 331,235 281,839
Cash at bank and in hand 28,829 27,083
360,064 308,922
Creditors: Amounts Falling Due Within One Year 6 (9,121 ) (1,663 )
NET CURRENT ASSETS (LIABILITIES) 350,943 307,259
TOTAL ASSETS LESS CURRENT LIABILITIES 852,708 1,058,407
Creditors: Amounts Falling Due After More Than One Year 7 (2,198,970 ) (2,260,176 )
NET LIABILITIES (1,346,262 ) (1,201,769 )
CAPITAL AND RESERVES
Called up share capital 1 1
Profit and Loss Account (1,346,263 ) (1,201,770 )
SHAREHOLDERS' FUNDS (1,346,262) (1,201,769)
Page 1
Page 2
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 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 A O'Neil
Director
31/07/2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Bulkara Limited is a private company, limited by shares, incorporated in England & Wales, registered number 09282255 . The registered office is 49 Upper Brook Street, London, W1K 2BR.
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.
The financial statements are presented in sterling (£), which is also the functional currency of the company.
2.2. Going Concern Disclosure
The directors have identified material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern, however, the going concern basis remains appropriate.
2.3. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts, rebates, value added tax and other sales taxes.
2.4. 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:
Plant & Machinery 25% straight line
Computer Equipment 12.5% straight line
2.5. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
2.6. 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: NIL (2022: NIL)
- -
Page 3
Page 4
4. Tangible Assets
Plant & Machinery etc.
£
Cost
As at 1 November 2022 2,009,521
Additions 1,430
As at 31 October 2023 2,010,951
Depreciation
As at 1 November 2022 1,258,373
Provided during the period 250,813
As at 31 October 2023 1,509,186
Net Book Value
As at 31 October 2023 501,765
As at 1 November 2022 751,148
5. Debtors
2023 2022
£ £
Due within one year
Trade debtors - 143
Other debtors 331,235 281,696
331,235 281,839
6. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 803 -
Other creditors 7,235 505
Taxation and social security 1,083 1,158
9,121 1,663
7. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Other creditors 2,198,970 2,260,176
Page 4