Acorah Software Products - Accounts Production 15.0.500 false true false 1 June 2023 31 May 2024 31 May 2024 14860302 Miss Leila Varnam iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 14860302 2023-05-31 14860302 2024-05-31 14860302 2023-06-01 2024-05-31 14860302 frs-core:ComputerEquipment 2023-06-01 2024-05-31 14860302 frs-core:NetGoodwill 2023-06-01 2024-05-31 14860302 frs-core:ShareCapital 2024-05-31 14860302 frs-core:RetainedEarningsAccumulatedLosses 2024-05-31 14860302 frs-bus:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 14860302 frs-bus:AbridgedAccounts 2023-06-01 2024-05-31 14860302 frs-bus:SmallEntities 2023-06-01 2024-05-31 14860302 frs-bus:AuditExempt-NoAccountantsReport 2023-06-01 2024-05-31 14860302 frs-bus:SmallCompaniesRegimeForAccounts 2023-06-01 2024-05-31 14860302 frs-bus:Director1 2023-06-01 2024-05-31 14860302 frs-countries:EnglandWales 2023-06-01 2024-05-31
Registered number: 14860302
Leila Nikea Limited
ABRIDGED Financial Statements
For The Year Ended 31 May 2024
Contents
Page
Abridged Balance Sheet 1—2
Notes to the Abridged Financial Statements 3—4
Page 1
Abridged Balance Sheet
Registered number: 14860302
2024
Notes £ £
FIXED ASSETS
Intangible Assets 4 5,400
Tangible Assets 5 2,174
7,574
CURRENT ASSETS
Debtors 11,080
Cash at bank and in hand 47,541
58,621
Creditors: Amounts Falling Due Within One Year (52,070 )
NET CURRENT ASSETS (LIABILITIES) 6,551
TOTAL ASSETS LESS CURRENT LIABILITIES 14,125
NET ASSETS 14,125
CAPITAL AND RESERVES
Called up share capital 6 100
Profit and Loss Account 14,025
SHAREHOLDERS' FUNDS 14,125
Page 1
Page 2
For the year ending 31 May 2024 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 her 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.
All of the company's members have consented to the preparation of an Abridged Profit and Loss Account and an Abridged Balance Sheet for the year end 31 May 2024 in accordance with section 444(2A) of the Companies Act 2006.
On behalf of the board
Miss Leila Varnam
Director
08/07/2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Abridged Financial Statements
1. General Information
Leila Nikea Limited is a private company, limited by shares, incorporated in England & Wales, registered number 14860302 . The registered office is 41 Caroline Close, Alvaston, Derby, DE24 0QX.
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. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of 9 years.
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:
Computer Equipment 25% Reducing Balance
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.
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.
Page 3
Page 4
3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL
-
4. Intangible Assets
Total
£
Cost
As at 1 June 2023 -
Additions 6,000
As at 31 May 2024 6,000
Amortisation
As at 1 June 2023 -
Provided during the period 600
As at 31 May 2024 600
Net Book Value
As at 31 May 2024 5,400
As at 1 June 2023 -
5. Tangible Assets
Total
£
Cost
As at 1 June 2023 -
Additions 2,898
As at 31 May 2024 2,898
Depreciation
As at 1 June 2023 -
Provided during the period 724
As at 31 May 2024 724
Net Book Value
As at 31 May 2024 2,174
As at 1 June 2023 -
6. Share Capital
2024
£
Allotted, Called up and fully paid 100
Page 4