Acorah Software Products - Accounts Production 15.0.500 false true 31 October 2022 1 November 2021 false 1 November 2022 31 March 2024 31 March 2024 9599370 Dr K ELKARY Mrs R ELKARY iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 9599370 2022-10-31 9599370 2024-03-31 9599370 2022-11-01 2024-03-31 9599370 frs-core:CurrentFinancialInstruments 2024-03-31 9599370 frs-core:Non-currentFinancialInstruments 2024-03-31 9599370 frs-core:FurnitureFittings 2024-03-31 9599370 frs-core:FurnitureFittings 2022-11-01 2024-03-31 9599370 frs-core:FurnitureFittings 2022-10-31 9599370 frs-core:NetGoodwill 2024-03-31 9599370 frs-core:NetGoodwill 2022-11-01 2024-03-31 9599370 frs-core:NetGoodwill 2022-10-31 9599370 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-03-31 9599370 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2022-11-01 2024-03-31 9599370 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2022-10-31 9599370 frs-core:MotorVehicles 2024-03-31 9599370 frs-core:MotorVehicles 2022-11-01 2024-03-31 9599370 frs-core:MotorVehicles 2022-10-31 9599370 frs-core:PlantMachinery 2022-11-01 2024-03-31 9599370 frs-core:ShareCapital 2024-03-31 9599370 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 9599370 frs-bus:PrivateLimitedCompanyLtd 2022-11-01 2024-03-31 9599370 frs-bus:FilletedAccounts 2022-11-01 2024-03-31 9599370 frs-bus:SmallEntities 2022-11-01 2024-03-31 9599370 frs-bus:AuditExempt-NoAccountantsReport 2022-11-01 2024-03-31 9599370 frs-bus:SmallCompaniesRegimeForAccounts 2022-11-01 2024-03-31 9599370 frs-bus:Director1 2022-11-01 2024-03-31 9599370 frs-bus:CompanySecretary1 2022-11-01 2024-03-31 9599370 frs-countries:EnglandWales 2022-11-01 2024-03-31 9599370 2021-10-31 9599370 2022-10-31 9599370 2021-11-01 2022-10-31 9599370 frs-core:CurrentFinancialInstruments 2022-10-31 9599370 frs-core:Non-currentFinancialInstruments 2022-10-31 9599370 frs-core:ShareCapital 2022-10-31 9599370 frs-core:RetainedEarningsAccumulatedLosses 2022-10-31
Registered number: 9599370
ELKARY LIMITED
Unaudited Financial Statements
For the Period 1 November 2022 to 31 March 2024
Mikailian & Co
Suite 8, 1-3 Little Titchfield Street
London
W1W 7BU
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 9599370
31 March 2024 31 October 2022
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 388,446 388,446
Tangible Assets 5 534,411 505,941
922,857 894,387
CURRENT ASSETS
Debtors 6 10,439 1,308
Cash at bank and in hand 105,252 111,624
115,691 112,932
Creditors: Amounts Falling Due Within One Year 7 (121,108 ) (62,200 )
NET CURRENT ASSETS (LIABILITIES) (5,417 ) 50,732
TOTAL ASSETS LESS CURRENT LIABILITIES 917,440 945,119
Creditors: Amounts Falling Due After More Than One Year 8 (608,656 ) (752,019 )
NET ASSETS 308,784 193,100
CAPITAL AND RESERVES
Called up share capital 9 100 100
Profit and Loss Account 308,684 193,000
SHAREHOLDERS' FUNDS 308,784 193,100
Page 1
Page 2
For the period ending 31 March 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
Dr K ELKARY
Director
05/08/2024
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
ELKARY LIMITED Registered number 9599370 is a limited by shares company incorporated in England & Wales. The Registered Office is Suite 8, 1-3 Little Titchfield Street, London, W1W 7BU.
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. 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 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:
Freehold 0% on Net Book Value
Plant & Machinery 25% on Net Book Value
Motor Vehicles 25% on Net Book Value
Fixtures & Fittings 25% on Net Book Value
2.5. Taxation
The charge for taxation takes into account taxation deferred as a result of timing differences between the treatment of certain items for taxation and accounting purposes. In general, deferred taxation is recognised in respect of timing differences that have originated but not reversed at the balance sheet date. However, deferred tax assets are recognised only to the extent that the directors consider that it is more likely than not that there will be suitable taxable profits from which the future reversal of the underlying timing differences can be deducted. Deferred taxation is measured on a non-discounted basis at the tax rates that are expected to apply in periods in which the timing differences reverse, based on tax rates and the law enacted or substantively enacted at the balance sheet date.
2.6. Government Grant
Government grants are recognised in the profit and loss account in an appropriate manner that matches them with the expenditure towards which they are intended to contribute.
Grants for immediate financial support or to cover costs already incurred are recognised immediately in the profit and loss account. Grants towards general activities of the entity over a specific period are recognised in the profit and loss account over that period.
Grants towards fixed assets are recognised over the expected useful lives of the related assets and are treated as deferred income and released to the profit and loss account over the useful life of the asset concerned.
All grants in the profit and loss account are recognised when all conditions for receipt have been complied with.
3. Average Number of Employees
Average number of employees, including directors, during the period was:
31 March 2024 31 October 2022
Office and administration 5 5
5 5
Page 3
Page 4
4. Intangible Assets
Goodwill
£
Cost
As at 1 November 2022 388,446
As at 31 March 2024 388,446
Net Book Value
As at 31 March 2024 388,446
As at 1 November 2022 388,446
5. Tangible Assets
Land & Property
Freehold Motor Vehicles Fixtures & Fittings Total
£ £ £ £
Cost
As at 1 November 2022 458,653 51,879 44,165 554,697
Additions - - 53,723 53,723
As at 31 March 2024 458,653 51,879 97,888 608,420
Depreciation
As at 1 November 2022 - 12,970 35,786 48,756
Provided during the period - 9,727 15,526 25,253
As at 31 March 2024 - 22,697 51,312 74,009
Net Book Value
As at 31 March 2024 458,653 29,182 46,576 534,411
As at 1 November 2022 458,653 38,909 8,379 505,941
6. Debtors
31 March 2024 31 October 2022
£ £
Due within one year
Trade debtors 1,023 1,308
Due after more than one year
Directors loan account 9,416 -
10,439 1,308
Page 4
Page 5
7. Creditors: Amounts Falling Due Within One Year
31 March 2024 31 October 2022
£ £
Bank loans and overdrafts 56,425 24,885
Corporation tax 41,986 18,731
Other taxes and social security 718 160
Accruals and deferred income 21,979 18,424
121,108 62,200
8. Creditors: Amounts Falling Due After More Than One Year
31 March 2024 31 October 2022
£ £
Bank loans 608,656 634,022
Directors loan account - 117,997
608,656 752,019
9. Share Capital
31 March 2024 31 October 2022
£ £
Allotted, Called up and fully paid 100 100
Page 5