Acorah Software Products - Accounts Production 15.0.400 false true 31 August 2022 1 September 2021 false 1 September 2022 31 August 2023 31 August 2023 12166802 Mr Shashikanth Varala Mrs Shravani Varala iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 12166802 2022-08-31 12166802 2023-08-31 12166802 2022-09-01 2023-08-31 12166802 frs-core:CurrentFinancialInstruments 2023-08-31 12166802 frs-core:Non-currentFinancialInstruments 2023-08-31 12166802 frs-core:ShareCapital 2023-08-31 12166802 frs-core:RetainedEarningsAccumulatedLosses 2023-08-31 12166802 frs-bus:PrivateLimitedCompanyLtd 2022-09-01 2023-08-31 12166802 frs-bus:FilletedAccounts 2022-09-01 2023-08-31 12166802 frs-bus:SmallEntities 2022-09-01 2023-08-31 12166802 frs-bus:AuditExempt-NoAccountantsReport 2022-09-01 2023-08-31 12166802 frs-bus:SmallCompaniesRegimeForAccounts 2022-09-01 2023-08-31 12166802 frs-bus:Director1 2022-09-01 2023-08-31 12166802 frs-bus:Director2 2022-09-01 2023-08-31 12166802 frs-countries:EnglandWales 2022-09-01 2023-08-31 12166802 2021-08-31 12166802 2022-08-31 12166802 2021-09-01 2022-08-31 12166802 frs-core:CurrentFinancialInstruments 2022-08-31 12166802 frs-core:Non-currentFinancialInstruments 2022-08-31 12166802 frs-core:ShareCapital 2022-08-31 12166802 frs-core:RetainedEarningsAccumulatedLosses 2022-08-31
Registered number: 12166802
Mahashiv Ltd
Unaudited Financial Statements
For The Year Ended 31 August 2023
SKZ Chartered Certified Accountants
Chartered Certified Accountants
Unit 1, Kataria Point
C/O Skz Chartered Certified Accountants,1 Riches R
Ilford
Essex
IG1 1JH
Unaudited Financial Statements
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—3
Page 1
Balance Sheet
Registered number: 12166802
2023 2022
Notes £ £ £ £
CURRENT ASSETS
Debtors 4 6,715 -
Cash at bank and in hand 194,504 31,801
201,219 31,801
Creditors: Amounts Falling Due Within One Year 5 (10,698 ) (10,272 )
NET CURRENT ASSETS (LIABILITIES) 190,521 21,529
TOTAL ASSETS LESS CURRENT LIABILITIES 190,521 21,529
Creditors: Amounts Falling Due After More Than One Year 6 (33,967 ) (46,433 )
NET ASSETS/(LIABILITIES) 156,554 (24,904 )
CAPITAL AND RESERVES
Called up share capital 7 100 100
Profit and Loss Account 156,454 (25,004 )
SHAREHOLDERS' FUNDS 156,554 (24,904)
For the year ending 31 August 2023 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 Shashikanth Varala
Director
20/01/2024
The notes on pages 2 to 3 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
Mahashiv Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 12166802 . The registered office is Unit 1, Kataria Point C/O Skz Accountants, 1 Riches Road, Ilford, IG1 1JH.
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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2022: 1)
2 1
4. Debtors
2023 2022
£ £
Due within one year
Trade debtors 572 -
Directors' loan accounts 6,143 -
6,715 -
5. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
VAT 4,266 4,941
Net wages 750 -
Accruals and deferred income 5,682 1,860
Directors' loan accounts - 3,471
10,698 10,272
6. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Bank loans 33,967 46,433
33,967 46,433
Page 2
Page 3
7. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 100 100
Page 3