Acorah Software Products - Accounts Production 15.0.600 false true true 31 March 2023 1 April 2022 false 1 April 2023 31 March 2024 31 March 2024 03458338 Mrs Corinna Green Mr Barry Green its director true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 03458338 2023-03-31 03458338 2024-03-31 03458338 2023-04-01 2024-03-31 03458338 frs-core:CurrentFinancialInstruments 2024-03-31 03458338 frs-core:Non-currentFinancialInstruments 2024-03-31 03458338 frs-core:ComputerEquipment 2024-03-31 03458338 frs-core:ComputerEquipment 2023-04-01 2024-03-31 03458338 frs-core:ComputerEquipment 2023-03-31 03458338 frs-core:FurnitureFittings 2023-04-01 2024-03-31 03458338 frs-core:PlantMachinery 2023-04-01 2024-03-31 03458338 frs-core:ShareCapital 2024-03-31 03458338 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 03458338 frs-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 03458338 frs-bus:FilletedAccounts 2023-04-01 2024-03-31 03458338 frs-bus:SmallEntities 2023-04-01 2024-03-31 03458338 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 03458338 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 03458338 1 2023-04-01 2024-03-31 03458338 frs-bus:Director1 2023-04-01 2024-03-31 03458338 frs-bus:Director1 2023-03-31 03458338 frs-bus:Director1 2024-03-31 03458338 frs-bus:CompanySecretary1 2023-04-01 2024-03-31 03458338 frs-countries:EnglandWales 2023-04-01 2024-03-31 03458338 2022-03-31 03458338 2023-03-31 03458338 2022-04-01 2023-03-31 03458338 frs-core:CurrentFinancialInstruments 2023-03-31 03458338 frs-core:Non-currentFinancialInstruments 2023-03-31 03458338 frs-core:ShareCapital 2023-03-31 03458338 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31
Registered number: 03458338
Nanook Ltd.
Financial Statements
For The Year Ended 31 March 2024
Applewood LLP
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 03458338
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 408 208
408 208
CURRENT ASSETS
Debtors 5 - 32,398
Cash at bank and in hand 233 -
233 32,398
Creditors: Amounts Falling Due Within One Year 6 (5,015 ) (19,104 )
NET CURRENT ASSETS (LIABILITIES) (4,782 ) 13,294
TOTAL ASSETS LESS CURRENT LIABILITIES (4,374 ) 13,502
Creditors: Amounts Falling Due After More Than One Year 7 - (13,867 )
NET LIABILITIES (4,374 ) (365 )
CAPITAL AND RESERVES
Called up share capital 8 100 100
Profit and Loss Account (4,474 ) (465 )
SHAREHOLDERS' FUNDS (4,374) (365)
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For the year 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 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
Mrs Corinna Green
Director
19/07/2024
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Nanook Ltd. is a private company, limited by shares, incorporated in England & Wales, registered number 03458338 . The registered office is 38 Southstand Apartments, Highbury Stadium Square, London, N5 1EY.
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. Going Concern Disclosure
Whilst no turnover was achieved this financial year, the business is actively seeking new income streams and thefore is considered to be actively trading. The director believes that the going concern basis remains appropriate. The director has made a commitment to support the company for the foreseeable future.
2.3. 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.
2.4. 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:
Plant & Machinery 25% straight line
Fixtures & Fittings straight line over 6 years
Computer Equipment 50% straight line
2.5. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
2.6. 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2023: NIL)
- -
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4. Tangible Assets
Computer Equipment
£
Cost
As at 1 April 2023 3,889
Additions 816
As at 31 March 2024 4,705
Depreciation
As at 1 April 2023 3,681
Provided during the period 616
As at 31 March 2024 4,297
Net Book Value
As at 31 March 2024 408
As at 1 April 2023 208
5. Debtors
2024 2023
£ £
Due within one year
Prepayments and accrued income - 201
Director's loan account - 32,197
- 32,398
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 15 475
Bank loans and overdrafts - 11,711
VAT - 5,418
Accruals and deferred income 429 1,500
Director's loan account 4,571 -
5,015 19,104
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans - 13,867
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
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9. Directors Advances, Credits and Guarantees
Included within the accounts are the following loans relating to the director, with a balance owed to the director at the year end :
As at 1 April 2023 Amounts advanced Amounts repaid Amounts written off As at 31 March 2024
£ £ £ £ £
Mrs Corinna Green 32,197 17,722 54,490 - (4,571 )
The above loan is unsecured, interest free and repayable on demand.
10. Ultimate Controlling Party
The company's ultimate controlling party is its director by virtue of her ownership of 50% of the issued share capital in the company, with the additional 50% owned by a related party.
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