Acorah Software Products - Accounts Production 14.5.601 false true 30 November 2022 1 December 2021 false 1 December 2022 30 November 2023 30 November 2023 05987994 Mr Dinnur Galikhanov Mr Rustam Davletkhan iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 05987994 2022-11-30 05987994 2023-11-30 05987994 2022-12-01 2023-11-30 05987994 frs-core:CurrentFinancialInstruments 2023-11-30 05987994 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2022-12-01 2023-11-30 05987994 frs-core:OtherResidualIntangibleAssets 2023-11-30 05987994 frs-core:OtherResidualIntangibleAssets 2022-12-01 2023-11-30 05987994 frs-core:OtherResidualIntangibleAssets 2022-11-30 05987994 frs-core:OtherReservesSubtotal 2023-11-30 05987994 frs-core:ShareCapital 2023-11-30 05987994 frs-core:RetainedEarningsAccumulatedLosses 2023-11-30 05987994 frs-bus:PrivateLimitedCompanyLtd 2022-12-01 2023-11-30 05987994 frs-bus:FilletedAccounts 2022-12-01 2023-11-30 05987994 frs-bus:SmallEntities 2022-12-01 2023-11-30 05987994 frs-bus:AuditExempt-NoAccountantsReport 2022-12-01 2023-11-30 05987994 frs-bus:SmallCompaniesRegimeForAccounts 2022-12-01 2023-11-30 05987994 frs-bus:Director1 2022-12-01 2023-11-30 05987994 frs-bus:Director2 2022-12-01 2023-11-30 05987994 frs-core:CurrentFinancialInstruments 1 2023-11-30 05987994 frs-countries:EnglandWales 2022-12-01 2023-11-30 05987994 2021-11-30 05987994 2022-11-30 05987994 2021-12-01 2022-11-30 05987994 frs-core:CurrentFinancialInstruments 2022-11-30 05987994 frs-core:OtherReservesSubtotal 2022-11-30 05987994 frs-core:ShareCapital 2022-11-30 05987994 frs-core:RetainedEarningsAccumulatedLosses 2022-11-30 05987994 frs-core:CurrentFinancialInstruments 1 2022-11-30
Registered number: 05987994
Unicon Ltd
Unaudited Financial Statements
For The Year Ended 30 November 2023
85 Great Portland Street
London
W1W 7LT
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—4
Page 1
Balance Sheet
Registered number: 05987994
2023 2022
Notes $ $ $ $
FIXED ASSETS
Intangible Assets 4 126,294 126,294
126,294 126,294
CURRENT ASSETS
Debtors 5 3,333,461 4,145,385
Cash at bank and in hand 127,015 108,240
3,460,476 4,253,625
Creditors: Amounts Falling Due Within One Year 6 (2,999,438 ) (3,698,712 )
NET CURRENT ASSETS (LIABILITIES) 461,038 554,913
TOTAL ASSETS LESS CURRENT LIABILITIES 587,332 681,207
NET ASSETS 587,332 681,207
CAPITAL AND RESERVES
Called up share capital 5 5
Other reserves (15,348 ) (15,348 )
Profit and Loss Account 602,675 696,550
SHAREHOLDERS' FUNDS 587,332 681,207
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 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.
The financial statements were approved by the board of directors on 30 August 2024 and were signed on its behalf by:
Mr Rustam Davletkhan
Director
30/08/2024
The notes on pages 2 to 4 form part of these financial statements.
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Page 2
Notes to the Financial Statements
1. General Information
Unicon Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 05987994 . The registered office is 85 Great Portland Street, London, W1W 7LT.
The presentation currency of the financial statements is the US Dollar ($).
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
2.3. Intangible Fixed Assets and Amortisation - Other Intangible
Intangible assets are non-amortisable intangible assets with indefinite useful life.
2.4. Financial Instruments
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS102 to all of its financial instruments.
Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
Classification of financial liabilities
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into.
Basic financial liabilities
Basic financial liabilities, including creditors, and loans from fellow group companies are initially recognised at transaction price.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are initially recognised at transaction price.
Other creditors are obligations to pay for goods or services other than trade creditors, including legal fees and associated expenses. Similarly to trade creditors, amounts payable are classified as current liabilities and are recognised at transaction price.
Other debtors
Other debtors are payments due from organisations other than trade debtors, including arbitration awards, compensations and associated legal payments. Similarly to trade debtors, amounts receivable are classified as current assets and are recognised at transaction price.
2.5. Foreign Currencies
Assets and liabilities in foreign currencies are translated into US dollar at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into US dollar at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.
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2.6. Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.
Current or deferred taxation assets and liabilities are not discounted.
Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.
Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.
Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
3. Average Number of Employees
Average number of employees during the year was: NIL (2022: NIL)
- -
4. Intangible Assets
Other
$
Cost
As at 1 December 2022 126,294
Additions -
As at 30 November 2023 126,294
Net Book Value
As at 30 November 2023 126,294
As at 1 December 2022 126,294
Intangible assets are databases acquired from third parties for use in business operations.
5. Debtors
2023 2022
$ $
Due within one year
Trade debtors 1,464,598 2,139,745
Other debtors 1,867,836 2,005,640
Other debtors (VAT) 1,027 -
3,333,461 4,145,385
Other debtors include arbitration awards, compensation, and associated payments resulting from legal proceedings.
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6. Creditors: Amounts Falling Due Within One Year
2023 2022
$ $
Trade creditors 63,647 297,202
VAT - 2,284
Other creditors 2,511,800 2,750,660
Directors' loan accounts 423,991 648,566
2,999,438 3,698,712
Other creditors consist of legal costs and associated expenses arising from legal actions taken for debt recovery and other legal disputes.
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