Acorah Software Products - Accounts Production 15.0.600 false true true 31 December 2022 1 January 2022 false 1 January 2023 31 December 2023 31 December 2023 11859209 Dr V Mizrahi Ms S Levi iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 11859209 2022-12-31 11859209 2023-12-31 11859209 2023-01-01 2023-12-31 11859209 frs-core:CurrentFinancialInstruments 2023-12-31 11859209 frs-core:ComputerEquipment 2023-12-31 11859209 frs-core:ComputerEquipment 2023-01-01 2023-12-31 11859209 frs-core:ComputerEquipment 2022-12-31 11859209 frs-core:FurnitureFittings 2023-12-31 11859209 frs-core:FurnitureFittings 2023-01-01 2023-12-31 11859209 frs-core:FurnitureFittings 2022-12-31 11859209 frs-core:ShareCapital 2023-12-31 11859209 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 11859209 frs-bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 11859209 frs-bus:FilletedAccounts 2023-01-01 2023-12-31 11859209 frs-bus:SmallEntities 2023-01-01 2023-12-31 11859209 frs-bus:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 11859209 frs-bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 11859209 frs-core:ProvisionsDeferredTax 2023-12-31 11859209 frs-core:UnlistedNon-exchangeTraded 2023-12-31 11859209 frs-core:UnlistedNon-exchangeTraded 2022-12-31 11859209 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2022-12-31 11859209 frs-core:AdditionsToInvestments frs-core:UnlistedNon-exchangeTraded 2023-12-31 11859209 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2023-12-31 11859209 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2022-12-31 11859209 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2023-12-31 11859209 frs-bus:Director1 2023-01-01 2023-12-31 11859209 frs-bus:CompanySecretary1 2023-01-01 2023-12-31 11859209 frs-countries:EnglandWales 2023-01-01 2023-12-31 11859209 2021-12-31 11859209 2022-12-31 11859209 2022-01-01 2022-12-31 11859209 frs-core:CurrentFinancialInstruments 2022-12-31 11859209 frs-core:ShareCapital 2022-12-31 11859209 frs-core:RetainedEarningsAccumulatedLosses 2022-12-31
Registered number: 11859209
Mizrahi Ltd
Unaudited Financial Statements
For The Year Ended 31 December 2023
Goldwyns London LLP
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: 11859209
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 3 3,340 -
Investments 4 1 -
3,341 -
CURRENT ASSETS
Debtors 5 26,989 41
Cash at bank and in hand 7,941 476
34,930 517
Creditors: Amounts Falling Due Within One Year 6 (18,898 ) (32 )
NET CURRENT ASSETS (LIABILITIES) 16,032 485
TOTAL ASSETS LESS CURRENT LIABILITIES 19,373 485
PROVISIONS FOR LIABILITIES
Deferred Taxation 7 (785 ) -
NET ASSETS 18,588 485
CAPITAL AND RESERVES
Called up share capital 8 100 100
Income Statement 18,488 385
SHAREHOLDERS' FUNDS 18,588 485
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For the year ending 31 December 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
Dr V Mizrahi
Director
10/09/2024
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
These financial statements are prepared in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.
These financial statements for the year ended 31 December 2023 are the first financial statements of Mizrahi Ltd prepared in accordance with FRS 102 (Section 1A), The Financial Reporting Standard applicable in the UK and Republic of Ireland. The date of adoption to FRS 102 (Section 1A) was 1 January 2023. The reported financial position and financial performance for the previous period are not affected by the transition to FRS 102.
The financial statements are prepared in UK sterling, which is the financial currency of the entity. Monetary amounts in these financial statements are rounded to the nearest UK pound.
The principle accounting policies adopted are set below.
1.2. Going Concern Disclosure
The director has considered the prospect of the business for the next twelve months and beyond and has arrived at a reasonable expectation the company will continue to meet its obligations as they fall due. The director has also pledged their financial support to assist with this if required. On this basis, the director will continue to adopt the going concern basis of accounting in preparing the financial statements.  
1.3. Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
1.4. Tangible Fixed Assets and Depreciation
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures & Fittings 25% Reducing balance
Computer Equipment 33.33% Straight line
Tangible assets are initially recorded at cost and subsequently stated at cost less accumulated depreciation and impairment losses.
1.5. Financial Instruments
The company only enters into basic financial transactions that result in the recoginition of financial assets and liabilities like trade and other debtors, creditors, loans from banks and other parties, loans to related parties and investments in non- puttable ordinary shares.
1.6. Taxation
Taxation for the period comprises current 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 statement of financial position date.
Deferred Tax
Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.
The carrying amount of deferred tax assets is reviewed at each reporting end date 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 is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.
1.7. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the income statement as they become payable in accordance with the rules of the scheme.
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1.8. Fixed asset Investment
Investments in unlisted companies
Investments in unlisted companies such as interests in subsidiaries, associates and jointly controlled entities are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.
A subsidiary is an entity controlled by the company. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.
Entities in which the company has a long term interest and shares control under a contractual arrangement are classified as jointly controlled entities.
1.9. Cash And Cash Equivalents
Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
1.10. Critical Accounting Judgements And Key Sources of Estimation Uncertainty
In the application of the company's accounting policies management is required to make judgements, estimates and assumptions about the carrying value of assets and liabilities that are not readily ascertainable from other sources. The estimates and underlying assumptions are based on historical experience and other factors that are considered to be relevant. Actual outcomes may differ from these estimates.
The estimates and underlying assumptions are reviewed on a continuing basis. Revisions to accounting estimates are recognised in the period in which the estimates are revised.
The key areas of estimation uncertainty that have a significant effect on the amounts recognised in the financial statements are described below:
Accrued Expenditure
The company includes a provision for invoices which are yet to be received from and amounts paid in advance to suppliers. These provisions are estimated based upon the expected values of the invoices which are issued and services received following the period end.
2. Average Number of Employees
Average number of employees, including directors, during the year was as follows: 2 (2022: 1)
2 1
3. Tangible Assets
Fixtures & Fittings Computer Equipment Total
£ £ £
Cost
As at 1 January 2023 - - -
Additions 790 4,120 4,910
As at 31 December 2023 790 4,120 4,910
Depreciation
As at 1 January 2023 - - -
Provided during the period 197 1,373 1,570
As at 31 December 2023 197 1,373 1,570
Net Book Value
As at 31 December 2023 593 2,747 3,340
As at 1 January 2023 - - -
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4. Investments
Unlisted
£
Cost
As at 1 January 2023 -
Additions 1
As at 31 December 2023 1
Provision
As at 1 January 2023 -
As at 31 December 2023 -
Net Book Value
As at 31 December 2023 1
As at 1 January 2023 -
5. Debtors
2023 2022
£ £
Due within one year
Other debtors 26,989 -
VAT - 41
26,989 41
6. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Corporation tax 11,149 -
Other taxes and social security 235 32
VAT 2,709 -
Accruals and deferred income 1,800 -
Director's loan account 3,005 -
18,898 32
7. Deferred Taxation
The provision for deferred tax is made up as follows:
2023 2022
£ £
Deferred Tax 785 -
8. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 100 100
The nominal value per share is £1 and as at the year-end there are 100 Ordinary shares in issue
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9. Pension Commitments
The company operates a defined contribution pension scheme for director. The assets of the scheme are held separately from those of the company in an independently administered fund. At the statement of financial position date unpaid contributions of £Nil were due to the fund.
10. Related Party Transactions
The Director's loan account balance of Dr V Mizrahi, the sole director and shareholder of the company, of £3,005 as at the year end, is a current liability, interest free and repayable on demand.
11. General Information
Mizrahi Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 11859209 . The registered office is 176 East End Road, London, England, N2 0PT.
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