Acorah Software Products - Accounts Production 15.0.500 false true 28 February 2023 28 September 2021 false 1 March 2023 29 February 2024 29 February 2024 13647602 Mr Samuel Ozturk Mr Ryan Davis Mr Alexander Rodwell iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 13647602 2023-02-28 13647602 2024-02-29 13647602 2023-03-01 2024-02-29 13647602 frs-core:CurrentFinancialInstruments 2024-02-29 13647602 frs-core:Non-currentFinancialInstruments 2024-02-29 13647602 frs-core:ShareCapital 2024-02-29 13647602 frs-core:RetainedEarningsAccumulatedLosses 2024-02-29 13647602 frs-bus:PrivateLimitedCompanyLtd 2023-03-01 2024-02-29 13647602 frs-bus:FilletedAccounts 2023-03-01 2024-02-29 13647602 frs-bus:SmallEntities 2023-03-01 2024-02-29 13647602 frs-bus:AuditExempt-NoAccountantsReport 2023-03-01 2024-02-29 13647602 frs-bus:SmallCompaniesRegimeForAccounts 2023-03-01 2024-02-29 13647602 frs-core:ListedExchangeTraded 2024-02-29 13647602 frs-core:ListedExchangeTraded 2023-02-28 13647602 frs-core:CostValuation frs-core:ListedExchangeTraded 2023-02-28 13647602 frs-core:AdditionsToInvestments frs-core:ListedExchangeTraded 2024-02-29 13647602 frs-core:CostValuation frs-core:ListedExchangeTraded 2024-02-29 13647602 frs-core:ProvisionsForImpairmentInvestments frs-core:ListedExchangeTraded 2023-02-28 13647602 frs-core:ProvisionsForImpairmentInvestments frs-core:ListedExchangeTraded 2024-02-29 13647602 frs-bus:Director1 2023-03-01 2024-02-29 13647602 frs-bus:Director2 2023-03-01 2024-02-29 13647602 frs-bus:Director3 2023-03-01 2024-02-29 13647602 frs-countries:EnglandWales 2023-03-01 2024-02-29 13647602 2021-09-27 13647602 2023-02-28 13647602 2021-09-28 2023-02-28 13647602 frs-core:CurrentFinancialInstruments 2023-02-28 13647602 frs-core:Non-currentFinancialInstruments 2023-02-28 13647602 frs-core:ShareCapital 2023-02-28 13647602 frs-core:RetainedEarningsAccumulatedLosses 2023-02-28
Registered number: 13647602
Ora365 Ltd
Financial Statements
For The Year Ended 29 February 2024
Plan A Financials Limited
Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 13647602
29 February 2024 28 February 2023
Notes £ £ £ £
FIXED ASSETS
Investments 4 9,774 -
9,774 -
CURRENT ASSETS
Debtors 5 120,043 146,983
Cash at bank and in hand 204,350 86,689
324,393 233,672
Creditors: Amounts Falling Due Within One Year 6 (129,399 ) (157,229 )
NET CURRENT ASSETS (LIABILITIES) 194,994 76,443
TOTAL ASSETS LESS CURRENT LIABILITIES 204,768 76,443
NET ASSETS 204,768 76,443
CAPITAL AND RESERVES
Called up share capital 7 2 2
Profit and Loss Account 204,766 76,441
SHAREHOLDERS' FUNDS 204,768 76,443
Page 1
Page 2
For the year ending 29 February 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their 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 Samuel Ozturk
Director
17/04/2024
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
Ora365 Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 13647602 . The registered office is 8 Towerfield Road, Shoeburyness, Southend-On-Sea, SS3 9QE.
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. 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.
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: 5 (2023: 3)
5 3
4. Investments
Listed
£
Cost
As at 1 March 2023 -
Additions 9,774
As at 29 February 2024 9,774
Provision
As at 1 March 2023 -
As at 29 February 2024 -
Net Book Value
As at 29 February 2024 9,774
As at 1 March 2023 -
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Page 4
5. Debtors
29 February 2024 28 February 2023
£ £
Due within one year
Trade debtors 89,591 146,983
Other debtors 30,185 -
119,776 146,983
Due after more than one year
Other debtors 267 -
267 -
120,043 146,983
6. Creditors: Amounts Falling Due Within One Year
29 February 2024 28 February 2023
£ £
Trade creditors 57,201 89,943
Bank loans and overdrafts 1,065 -
Other creditors 2,840 4,005
Taxation and social security 68,293 63,281
129,399 157,229
7. Share Capital
29 February 2024 28 February 2023
£ £
Allotted, Called up and fully paid 2 2
Page 4