Acorah Software Products - Accounts Production 14.6.300 false true 6 July 2022 7 July 2021 false 7 July 2022 6 July 2023 6 July 2023 08586964 Mr William Robinson Mr Andrew Gaines Mr. Meles Belay Mr. Shiferaw Melese Mr Paul Roberts Ms. Julia Jeans iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 08586964 2022-07-06 08586964 2023-07-06 08586964 2022-07-07 2023-07-06 08586964 frs-core:CurrentFinancialInstruments 2023-07-06 08586964 frs-core:Non-currentFinancialInstruments 2023-07-06 08586964 frs-core:MotorVehicles 2023-07-06 08586964 frs-core:MotorVehicles 2022-07-07 2023-07-06 08586964 frs-core:MotorVehicles 2022-07-06 08586964 frs-core:OtherReservesSubtotal 2023-07-06 08586964 frs-core:ShareCapital 2023-07-06 08586964 frs-core:RetainedEarningsAccumulatedLosses 2023-07-06 08586964 frs-bus:PrivateLimitedCompanyLtd 2022-07-07 2023-07-06 08586964 frs-bus:FilletedAccounts 2022-07-07 2023-07-06 08586964 frs-bus:SmallEntities 2022-07-07 2023-07-06 08586964 frs-bus:AuditExempt-NoAccountantsReport 2022-07-07 2023-07-06 08586964 frs-bus:SmallCompaniesRegimeForAccounts 2022-07-07 2023-07-06 08586964 frs-bus:OrdinaryShareClass1 2022-07-07 2023-07-06 08586964 frs-bus:OrdinaryShareClass1 2023-07-06 08586964 frs-bus:Director1 2022-07-07 2023-07-06 08586964 frs-bus:Director2 2022-07-07 2023-07-06 08586964 frs-bus:Director3 2022-07-07 2023-07-06 08586964 frs-bus:Director4 2022-07-07 2023-07-06 08586964 frs-bus:Director5 2022-07-07 2023-07-06 08586964 frs-bus:CompanySecretary1 2022-07-07 2023-07-06 08586964 frs-core:CurrentFinancialInstruments 1 2023-07-06 08586964 frs-countries:EnglandWales 2022-07-07 2023-07-06 08586964 2021-07-06 08586964 2022-07-06 08586964 2021-07-07 2022-07-06 08586964 frs-core:CurrentFinancialInstruments 2022-07-06 08586964 frs-core:Non-currentFinancialInstruments 2022-07-06 08586964 frs-core:OtherReservesSubtotal 2022-07-06 08586964 frs-core:ShareCapital 2022-07-06 08586964 frs-core:RetainedEarningsAccumulatedLosses 2022-07-06 08586964 frs-bus:OrdinaryShareClass1 2021-07-07 2022-07-06 08586964 frs-core:CurrentFinancialInstruments 1 2022-07-06
Registered number: 08586964
Limalimo Enterprises Limited
Unaudited Financial Statements
For The Year Ended 6 July 2023
TaxAssist Accountants Swiss Cottage
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 08586964
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 1,297 1,730
1,297 1,730
CURRENT ASSETS
Debtors 5 63,660 98,104
Investments 6 653,332 656,482
Cash at bank and in hand 95,464 46,949
812,456 801,535
Creditors: Amounts Falling Due Within One Year 7 (276,881 ) (300,640 )
NET CURRENT ASSETS (LIABILITIES) 535,575 500,895
TOTAL ASSETS LESS CURRENT LIABILITIES 536,872 502,625
Creditors: Amounts Falling Due After More Than One Year 8 (350,927 ) (372,485 )
NET ASSETS 185,945 130,140
CAPITAL AND RESERVES
Called up share capital 9 166,103 173,194
Other reserves 158,193 164,947
Profit and Loss Account (138,351 ) (208,001 )
SHAREHOLDERS' FUNDS 185,945 130,140
Page 1
Page 2
For the year ending 6 July 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 William Robinson
Director
06/09/2024
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Limalimo Enterprises Limited is a private company, limited by shares, incorporated in England & Wales, registered number 08586964 . The registered office is 1 Rosemont Road, London, NW3 6NG.
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.
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.
2.3. 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:
Motor Vehicles 25% reducing balance
2.4. 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.
2.5. 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.
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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2022: 2)
2 2
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4. Tangible Assets
Motor Vehicles
£
Cost
As at 7 July 2022 17,296
As at 6 July 2023 17,296
Depreciation
As at 7 July 2022 15,566
Provided during the period 433
As at 6 July 2023 15,999
Net Book Value
As at 6 July 2023 1,297
As at 7 July 2022 1,730
5. Debtors
2023 2022
£ £
Due within one year
Trade debtors 4,299 33,739
VAT 38 2,510
Called up share capital not paid 59,323 61,855
63,660 98,104
6. Current Asset Investments
2023 2022
£ £
Unlisted investments 653,332 656,482
653,332 656,482
7. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 264,912 289,532
Bank loans and overdrafts 9,942 10,013
Other creditors - 1,580
Other creditors (1) (Current liabilities - creditors < 1 year) (986 ) (986 )
Accruals and deferred income 3,013 501
276,881 300,640
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8. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Bank loans 21,101 29,164
Other creditors 329,826 343,321
350,927 372,485
9. Share Capital
2023 2022
Allotted, called up and fully paid £ £
42,000 Ordinary Shares of £ 3.95484 each 166,103 173,194
Class of share capital: Ordinary 
No. of shares: 27,000
Issued & fully paid: US$135,000.00
Class of share capital: Ordinary
No. of shares: 15,000
Issued but not yet fully paid: USD$75,000.00
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