Acorah Software Products - Accounts Production 15.0.500 false true 30 November 2022 1 December 2021 false 1 December 2022 30 November 2023 30 November 2023 SC433443 Dr Summon Ramzan iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure SC433443 2022-11-30 SC433443 2023-11-30 SC433443 2022-12-01 2023-11-30 SC433443 frs-core:CurrentFinancialInstruments 2023-11-30 SC433443 frs-core:Non-currentFinancialInstruments 2023-11-30 SC433443 frs-core:ComputerEquipment 2022-12-01 2023-11-30 SC433443 frs-core:FurnitureFittings 2022-12-01 2023-11-30 SC433443 frs-core:NetGoodwill 2023-11-30 SC433443 frs-core:NetGoodwill 2022-12-01 2023-11-30 SC433443 frs-core:NetGoodwill 2022-11-30 SC433443 frs-core:PlantMachinery 2023-11-30 SC433443 frs-core:PlantMachinery 2022-12-01 2023-11-30 SC433443 frs-core:PlantMachinery 2022-11-30 SC433443 frs-core:ShareCapital 2023-11-30 SC433443 frs-core:RetainedEarningsAccumulatedLosses 2023-11-30 SC433443 frs-bus:PrivateLimitedCompanyLtd 2022-12-01 2023-11-30 SC433443 frs-bus:FilletedAccounts 2022-12-01 2023-11-30 SC433443 frs-bus:SmallEntities 2022-12-01 2023-11-30 SC433443 frs-bus:AuditExempt-NoAccountantsReport 2022-12-01 2023-11-30 SC433443 frs-bus:SmallCompaniesRegimeForAccounts 2022-12-01 2023-11-30 SC433443 frs-bus:Director1 2022-12-01 2023-11-30 SC433443 frs-countries:Scotland 2022-12-01 2023-11-30 SC433443 2021-11-30 SC433443 2022-11-30 SC433443 2021-12-01 2022-11-30 SC433443 frs-core:CurrentFinancialInstruments 2022-11-30 SC433443 frs-core:Non-currentFinancialInstruments 2022-11-30 SC433443 frs-core:ShareCapital 2022-11-30 SC433443 frs-core:RetainedEarningsAccumulatedLosses 2022-11-30
Registered number: SC433443
Azaan Healthcare Ltd
Financial Statements
For The Year Ended 30 November 2023
Khokhar McAdam Ltd
Chartered Accountants
1 Eagle Street
Glasgow
G4 9XA
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: SC433443
2023 2022
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 - 40,000
Tangible Assets 5 50,551 35,858
50,551 75,858
CURRENT ASSETS
Stocks 6 3,779 1,675
Debtors 7 671,263 316,147
Cash at bank and in hand 301,626 533,558
976,668 851,380
Creditors: Amounts Falling Due Within One Year 8 (243,273 ) (267,013 )
NET CURRENT ASSETS (LIABILITIES) 733,395 584,367
TOTAL ASSETS LESS CURRENT LIABILITIES 783,946 660,225
Creditors: Amounts Falling Due After More Than One Year 9 (25,000 ) (35,000 )
NET ASSETS 758,946 625,225
CAPITAL AND RESERVES
Called up share capital 10 10 10
Profit and Loss Account 758,936 625,215
SHAREHOLDERS' FUNDS 758,946 625,225
Page 1
Page 2
For the year 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
Dr Summon Ramzan
Director
17 May 2024
The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Azaan Healthcare Ltd is a private company, limited by shares, incorporated in Scotland, registered number SC433443 . The registered office is 522 Kilmarnock Road, Newlands, Glasgow, G43 2BL.
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 .... 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:
Plant & Machinery 20%
Fixtures & Fittings 10%
Computer Equipment 20%
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.
Page 3
Page 4
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: 11 (2022: 10)
11 10
4. Intangible Assets
Goodwill
£
Cost
As at 1 December 2022 800,000
As at 30 November 2023 800,000
Amortisation
As at 1 December 2022 760,000
Provided during the period 40,000
As at 30 November 2023 800,000
Net Book Value
As at 30 November 2023 -
As at 1 December 2022 40,000
Page 4
Page 5
5. Tangible Assets
Plant & Machinery etc.
£
Cost
As at 1 December 2022 174,062
Additions 44,890
As at 30 November 2023 218,952
Depreciation
As at 1 December 2022 138,204
Provided during the period 30,197
As at 30 November 2023 168,401
Net Book Value
As at 30 November 2023 50,551
As at 1 December 2022 35,858
6. Stocks
2023 2022
£ £
Finished goods 3,779 1,675
7. Debtors
2023 2022
£ £
Due within one year
Trade debtors 57,574 42,300
Other debtors 613,689 273,847
671,263 316,147
8. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors (1 ) -
Other creditors 195,543 221,443
Taxation and social security 47,731 45,570
243,273 267,013
Page 5
Page 6
9. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Bank loans 25,000 35,000
10. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 10 10
Page 6