Acorah Software Products - Accounts Production 15.0.600 false true 31 May 2023 1 June 2022 false 1 June 2023 31 May 2024 31 May 2024 10774742 Mr A Kovacs iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 10774742 2023-05-31 10774742 2024-05-31 10774742 2023-06-01 2024-05-31 10774742 frs-core:CurrentFinancialInstruments 2024-05-31 10774742 frs-core:ComputerEquipment 2024-05-31 10774742 frs-core:ComputerEquipment 2023-06-01 2024-05-31 10774742 frs-core:ComputerEquipment 2023-05-31 10774742 frs-core:FurnitureFittings 2024-05-31 10774742 frs-core:FurnitureFittings 2023-06-01 2024-05-31 10774742 frs-core:FurnitureFittings 2023-05-31 10774742 frs-core:ShareCapital 2024-05-31 10774742 frs-core:RetainedEarningsAccumulatedLosses 2024-05-31 10774742 frs-bus:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 10774742 frs-bus:FilletedAccounts 2023-06-01 2024-05-31 10774742 frs-bus:SmallEntities 2023-06-01 2024-05-31 10774742 frs-bus:AuditExempt-NoAccountantsReport 2023-06-01 2024-05-31 10774742 frs-bus:SmallCompaniesRegimeForAccounts 2023-06-01 2024-05-31 10774742 frs-bus:Director1 2023-06-01 2024-05-31 10774742 frs-countries:EnglandWales 2023-06-01 2024-05-31 10774742 2022-05-31 10774742 2023-05-31 10774742 2022-06-01 2023-05-31 10774742 frs-core:CurrentFinancialInstruments 2023-05-31 10774742 frs-core:ShareCapital 2023-05-31 10774742 frs-core:RetainedEarningsAccumulatedLosses 2023-05-31
Registered number: 10774742
Ak Drivers Ltd
Financial Statements
For The Year Ended 31 May 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 10774742
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 3 1,111 1,431
1,111 1,431
CURRENT ASSETS
Cash at bank and in hand 8,626 5,874
8,626 5,874
Creditors: Amounts Falling Due Within One Year 4 (5,026 ) (5,258 )
NET CURRENT ASSETS (LIABILITIES) 3,600 616
TOTAL ASSETS LESS CURRENT LIABILITIES 4,711 2,047
PROVISIONS FOR LIABILITIES
Deferred Taxation (211 ) (272 )
NET ASSETS 4,500 1,775
CAPITAL AND RESERVES
Called up share capital 5 100 100
Profit and Loss Account 4,400 1,675
SHAREHOLDERS' FUNDS 4,500 1,775
Page 1
Page 2
For the year ending 31 May 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 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 Profit and Loss Account.
On behalf of the board
Mr A Kovacs
Director
22 August 2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
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. 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:
Fixtures & Fittings 20% Reducing Balance
Computer Equipment 25% Reducing Balance
1.4. 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. 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. The carrying amount of deferred tax assets is reviewed at the end of each reporting period.
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.
2. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2023: 1)
1 1
3. Tangible Assets
Fixtures & Fittings Computer Equipment Total
£ £ £
Cost
As at 1 June 2023 1,500 1,179 2,679
As at 31 May 2024 1,500 1,179 2,679
...CONTINUED
Page 3
Page 4
Depreciation
As at 1 June 2023 732 516 1,248
Provided during the period 154 166 320
As at 31 May 2024 886 682 1,568
Net Book Value
As at 31 May 2024 614 497 1,111
As at 1 June 2023 768 663 1,431
4. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Corporation tax 4,219 4,607
Accruals and deferred income 340 340
Director's loan account 467 311
5,026 5,258
5. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
Page 4