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Registered number: 06714948
Moktar Limited
Unaudited Financial Statements
For the Period 1 November 2022 to 30 April 2024
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—4
Page 1
Balance Sheet
Registered number: 06714948
30 April 2024 31 October 2022
Notes £ £ £ £
FIXED ASSETS
CURRENT ASSETS
Stocks 5 - 3,500
Debtors 6 - 1,338
Cash at bank and in hand - 1,380
- 6,218
Creditors: Amounts Falling Due Within One Year 7 - (21,057 )
NET CURRENT ASSETS (LIABILITIES) - (14,839 )
TOTAL ASSETS LESS CURRENT LIABILITIES - (14,839 )
NET LIABILITIES - (14,839 )
CAPITAL AND RESERVES
Called up share capital 8 - 4
Profit and Loss Account - (14,843 )
SHAREHOLDERS' FUNDS - (14,839)
For the period ending 30 April 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 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 Abdesselam Bichri
Director
29 July 2024
The notes on pages 2 to 4 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
Moktar Limited is a private company, limited by shares, incorporated in England & Wales, registered number 06714948 . The registered office is 145-147 Hatfield Road, St. Albans, Hertfordshire, AL1 4JY.
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 comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at cost less depreciation. 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 Method
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.
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 year 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 asset reflects 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 period was:
30 April 2024 31 October 2022
Office and administration 3 4
3 4
Page 2
Page 3
4. Tangible Assets
Fixtures & Fittings
£
Cost
As at 1 November 2022 8,525
Disposals (8,525 )
Depreciation
As at 1 November 2022 8,525
Disposals (8,525 )
As at 30 April 2024 -
Net Book Value
As at 30 April 2024 -
As at 1 November 2022 -
5. Stocks
30 April 2024 31 October 2022
£ £
Finished goods - 3,500
6. Debtors
30 April 2024 31 October 2022
£ £
Due within one year
Other debtors - 1
Pension - 1,319
Corporation tax recoverable assets - 18
- 1,338
7. Creditors: Amounts Falling Due Within One Year
30 April 2024 31 October 2022
£ £
Trade creditors - 222
Corporation tax - 387
Other taxes and social security - 2,988
Net wages - 3,074
Other creditors - Ahmed Agzenai - 10,000
Accruals and deferred income - 1,500
Director's loan account - 2,886
- 21,057
8. Share Capital
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Page 4
9. Directors Advances, Credits and Guarantees
Included within Creditors are the following loans to directors:
As at 1 November 2022 Amounts advanced Amounts repaid Amounts written off As at 30 April 2024
£ £ £ £ £
Mr Abdesselam Bichri (2,886 ) 30,502 (27,616 ) - -
The above loan is unsecured, interest free and repayable on demand.
10. Controlling Party
The company's controlling party is Abslam Bichri by virtue of his ownership of 75% of the issued share capital in the company.
Page 4