Acorah Software Products - Accounts Production 15.0.600 false true 30 November 2022 1 December 2021 false 1 December 2022 30 November 2023 30 November 2023 08295932 Mr Savadas Odedra iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 08295932 2022-11-30 08295932 2023-11-30 08295932 2022-12-01 2023-11-30 08295932 frs-core:CurrentFinancialInstruments 2023-11-30 08295932 frs-core:Non-currentFinancialInstruments 2023-11-30 08295932 frs-core:ComputerEquipment 2023-11-30 08295932 frs-core:ComputerEquipment 2022-12-01 2023-11-30 08295932 frs-core:ComputerEquipment 2022-11-30 08295932 frs-core:FurnitureFittings 2023-11-30 08295932 frs-core:FurnitureFittings 2022-12-01 2023-11-30 08295932 frs-core:FurnitureFittings 2022-11-30 08295932 frs-core:NetGoodwill 2023-11-30 08295932 frs-core:NetGoodwill 2022-12-01 2023-11-30 08295932 frs-core:NetGoodwill 2022-11-30 08295932 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-11-30 08295932 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2022-12-01 2023-11-30 08295932 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2022-11-30 08295932 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-11-30 08295932 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2022-12-01 2023-11-30 08295932 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2022-11-30 08295932 frs-core:MotorVehicles 2023-11-30 08295932 frs-core:MotorVehicles 2022-12-01 2023-11-30 08295932 frs-core:MotorVehicles 2022-11-30 08295932 frs-core:ShareCapital 2023-11-30 08295932 frs-core:RetainedEarningsAccumulatedLosses 2023-11-30 08295932 frs-bus:PrivateLimitedCompanyLtd 2022-12-01 2023-11-30 08295932 frs-bus:FilletedAccounts 2022-12-01 2023-11-30 08295932 frs-bus:SmallEntities 2022-12-01 2023-11-30 08295932 frs-bus:AuditExempt-NoAccountantsReport 2022-12-01 2023-11-30 08295932 frs-bus:SmallCompaniesRegimeForAccounts 2022-12-01 2023-11-30 08295932 frs-bus:Director1 2022-12-01 2023-11-30 08295932 frs-core:CurrentFinancialInstruments 1 2023-11-30 08295932 frs-core:Non-currentFinancialInstruments 1 2023-11-30 08295932 frs-core:Non-currentFinancialInstruments 3 2023-11-30 08295932 frs-core:CurrentFinancialInstruments 4 2023-11-30 08295932 frs-countries:EnglandWales 2022-12-01 2023-11-30 08295932 2021-11-30 08295932 2022-11-30 08295932 2021-12-01 2022-11-30 08295932 frs-core:CurrentFinancialInstruments 2022-11-30 08295932 frs-core:Non-currentFinancialInstruments 2022-11-30 08295932 frs-core:ShareCapital 2022-11-30 08295932 frs-core:RetainedEarningsAccumulatedLosses 2022-11-30 08295932 frs-core:CurrentFinancialInstruments 1 2022-11-30 08295932 frs-core:Non-currentFinancialInstruments 1 2022-11-30 08295932 frs-core:Non-currentFinancialInstruments 2 2022-11-30 08295932 frs-core:Non-currentFinancialInstruments 3 2022-11-30 08295932 frs-core:CurrentFinancialInstruments 4 2022-11-30
Registered number: 08295932
Sav & Raj Ltd
Unaudited Financial Statements
For The Year Ended 30 November 2023
Unaudited Financial Statements
Contents
Page
Statement of Financial Position 1—2
Notes to the Financial Statements 3—6
Page 1
Statement of Financial Position
Registered number: 08295932
2023 2022
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 3 63,206 126,533
Tangible Assets 4 290,505 317,488
353,711 444,021
CURRENT ASSETS
Stocks 5 35,000 68,500
Cash at bank and in hand 207,234 143,217
242,234 211,717
Creditors: Amounts Falling Due Within One Year 7 (135,230 ) (130,523 )
NET CURRENT ASSETS (LIABILITIES) 107,004 81,194
TOTAL ASSETS LESS CURRENT LIABILITIES 460,715 525,215
Creditors: Amounts Falling Due After More Than One Year 8 (259,398 ) (334,813 )
NET ASSETS 201,317 190,402
CAPITAL AND RESERVES
Called up share capital 9 100 100
Income Statement 201,217 190,302
SHAREHOLDERS' FUNDS 201,317 190,402
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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 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 Income Statement.
On behalf of the board
Mr Savadas Odedra
Director
28/08/2024
The notes on pages 3 to 6 form part of these financial statements.
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Notes to the Financial Statements
1. Accounting Policies
1.1. 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.
1.2. 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.
1.3. 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 income statement over its estimated economic life of 20 years.
1.4. 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:
Freehold Stated at cost
Leasehold Stated at cost
Motor Vehicles 25% reducing balance
Fixtures & Fittings 15% reducing balance
Computer Equipment 25% reducing balance
1.5. 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.
1.6. 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 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.
...CONTINUED
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1.6. Taxation - continued
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.
2. Average Number of Employees
Average number of employees, including directors, during the year was as follows: 7 (2022: 7)
7 7
3. Intangible Assets
Goodwill
£
Cost
As at 1 December 2022 222,769
Disposals (120,000)
As at 30 November 2023 102,769
Amortisation
As at 1 December 2022 96,236
Provided during the period 7,327
Disposals (64,000)
As at 30 November 2023 39,563
Net Book Value
As at 30 November 2023 63,206
As at 1 December 2022 126,533
4. Tangible Assets
Land & Property
Freehold Leasehold Motor Vehicles Fixtures & Fittings
£ £ £ £
Cost
As at 1 December 2022 267,964 32,024 7,500 57,468
Additions - - - -
Disposals - (16,500 ) (7,500 ) (31,131 )
As at 30 November 2023 267,964 15,524 - 26,337
Depreciation
As at 1 December 2022 - - 7,499 40,348
Provided during the period - - - 2,125
Disposals - - (7,499 ) (23,153 )
As at 30 November 2023 - - - 19,320
Net Book Value
As at 30 November 2023 267,964 15,524 - 7,017
As at 1 December 2022 267,964 32,024 1 17,120
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Computer Equipment Total
£ £
Cost
As at 1 December 2022 2,346 367,302
Additions 1,811 1,811
Disposals (4,157 ) (59,288 )
As at 30 November 2023 - 309,825
Depreciation
As at 1 December 2022 1,967 49,814
Provided during the period 365 2,490
Disposals (2,332 ) (32,984 )
As at 30 November 2023 - 19,320
Net Book Value
As at 30 November 2023 - 290,505
As at 1 December 2022 379 317,488
5. Stocks
2023 2022
£ £
Finished goods 35,000 68,500
6. Debtors
2023 2022
£ £
Due within one year
7. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 858 987
Corporation tax - 4,628
PAYE 4,156 1,931
VAT 3,360 3,578
Pension payable 94 82
Other creditors - Barton food and wine 70,526 -
Director's loan account 56,236 119,317
135,230 130,523
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8. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Natwest loan a/c -36267627 4,950 11,550
Natwest loan a/c -44350155 149,448 155,919
Natwest bounce back loan a/c -44478631 - 36,257
Funding circle loan 105,000 131,087
259,398 334,813
9. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 100 100
10. General Information
Sav & Raj Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 08295932 . The registered office is 15 High Street, Lavendon, MK46 4EX.
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