Acorah Software Products - Accounts Production 14.6.300 false true false 3 November 2022 30 November 2023 30 November 2023 14460217 Ms FATHEMA AKTER RIMI iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 14460217 2022-11-02 14460217 2023-11-30 14460217 2022-11-03 2023-11-30 14460217 frs-core:CurrentFinancialInstruments 2023-11-30 14460217 frs-core:Non-currentFinancialInstruments 2023-11-30 14460217 frs-core:ComputerEquipment 2022-11-03 2023-11-30 14460217 frs-core:FurnitureFittings 2023-11-30 14460217 frs-core:FurnitureFittings 2022-11-03 2023-11-30 14460217 frs-core:FurnitureFittings 2022-11-02 14460217 frs-core:MotorVehicles 2022-11-03 2023-11-30 14460217 frs-core:ShareCapital 2023-11-30 14460217 frs-core:RetainedEarningsAccumulatedLosses 2023-11-30 14460217 frs-bus:PrivateLimitedCompanyLtd 2022-11-03 2023-11-30 14460217 frs-bus:FilletedAccounts 2022-11-03 2023-11-30 14460217 frs-bus:SmallEntities 2022-11-03 2023-11-30 14460217 frs-bus:AuditExempt-NoAccountantsReport 2022-11-03 2023-11-30 14460217 frs-bus:SmallCompaniesRegimeForAccounts 2022-11-03 2023-11-30 14460217 frs-bus:Director1 2022-11-03 2023-11-30 14460217 frs-countries:EnglandWales 2022-11-03 2023-11-30
Registered number: 14460217
Palash Ltd
Financial Statements
For the Period 3 November 2022 to 30 November 2023
Roy & Co
Chartered Certified Accountants
139 Wilbraham Road
Fallowfield
Manchester
M14 7DS
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 14460217
30 November 2023
Notes £ £
FIXED ASSETS
Tangible Assets 4 3,910
3,910
CURRENT ASSETS
Stocks 5 1,550
Cash at bank and in hand 4,625
6,175
Creditors: Amounts Falling Due Within One Year 6 (2,555 )
NET CURRENT ASSETS (LIABILITIES) 3,620
TOTAL ASSETS LESS CURRENT LIABILITIES 7,530
Creditors: Amounts Falling Due After More Than One Year 7 (23,800 )
NET LIABILITIES (16,270 )
CAPITAL AND RESERVES
Called up share capital 8 100
Profit and Loss Account (16,370 )
SHAREHOLDERS' FUNDS (16,270)
Page 1
Page 2
For the period ending 30 November 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 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.
On behalf of the board
Ms FATHEMA AKTER RIMI
Director
2 August 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
Palash Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 14460217 . The registered office is 139 Wilbraham Road, Manchester, M14 7DS.
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:
Motor Vehicles 0
Fixtures & Fittings 15%
Computer Equipment 0
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 period was: 4
4
4. Tangible Assets
Fixtures & Fittings
£
Cost
As at 3 November 2022 -
Additions 4,600
As at 30 November 2023 4,600
Depreciation
As at 3 November 2022 -
Provided during the period 690
As at 30 November 2023 690
...CONTINUED
Page 3
Page 4
Net Book Value
As at 30 November 2023 3,910
As at 3 November 2022 -
5. Stocks
30 November 2023
£
Materials 1,550
6. Creditors: Amounts Falling Due Within One Year
30 November 2023
£
Trade creditors (1 )
Other creditors 2,556
2,555
7. Creditors: Amounts Falling Due After More Than One Year
30 November 2023
£
Other creditors 23,800
8. Share Capital
30 November 2023
£
Allotted, Called up and fully paid 100
Page 4