Acorah Software Products - Accounts Production 15.0.600 false true true 31 March 2023 1 April 2022 false 1 April 2023 31 March 2024 31 March 2024 9472380 Mr D Solonsky Mrs V Bilotska iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 9472380 2023-03-31 9472380 2024-03-31 9472380 2023-04-01 2024-03-31 9472380 frs-core:CurrentFinancialInstruments 2024-03-31 9472380 frs-core:ShareCapital 2024-03-31 9472380 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 9472380 frs-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 9472380 frs-bus:FilletedAccounts 2023-04-01 2024-03-31 9472380 frs-bus:SmallEntities 2023-04-01 2024-03-31 9472380 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 9472380 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 9472380 frs-bus:Director1 2023-04-01 2024-03-31 9472380 frs-bus:Director2 2023-04-01 2024-03-31 9472380 frs-countries:EnglandWales 2023-04-01 2024-03-31 9472380 2022-03-31 9472380 2023-03-31 9472380 2022-04-01 2023-03-31 9472380 frs-core:CurrentFinancialInstruments 2023-03-31 9472380 frs-core:ShareCapital 2023-03-31 9472380 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31
Registered number: 9472380
ADM Software Limited
Unaudited Financial Statements
For The Year Ended 31 March 2024
Contents
Page
Statement of Financial Position 1
Notes to the Financial Statements 2—3
Page 1
Statement of Financial Position
Registered number: 9472380
2024 2023
Notes £ £ £ £
CURRENT ASSETS
Receivables 4 24,678 24,870
Cash at bank and in hand 20,331 22,271
45,009 47,141
Payables: Amounts Falling Due Within One Year 5 (72,248 ) (89,093 )
NET CURRENT ASSETS (LIABILITIES) (27,239 ) (41,952 )
TOTAL ASSETS LESS CURRENT LIABILITIES (27,239 ) (41,952 )
NET LIABILITIES (27,239 ) (41,952 )
CAPITAL AND RESERVES
Called up share capital 6 100 100
Income Statement (27,339 ) (42,052 )
SHAREHOLDERS' FUNDS (27,239) (41,952)
For the year ending 31 March 2024 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 Income Statement.
On behalf of the board
Mr D Solonsky
Director
04/09/2024
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
ADM Software Limited is a private company, limited by shares, incorporated in England & Wales, registered number 9472380 . The registered office is F15 Floor Kestrel House, Knightrider Street, Maidstone, Kent, ME15 6LU.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and 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 principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts are presented in £ sterling.
2.2. Going Concern Disclosure
The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.
2.3. Turnover
Revenue comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the company’s activities. Revenue is shown net of value added tax.
2.4. Financial Instruments
The company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments.
Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value.
2.5. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position 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.
2.6. Receivables
Receivables are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivable.
2.7. Payables
Payables are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Payables are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.
2.8. Share capital
Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.
3. Average Number of Employees
Average number of employees during the year was as follows: NIL (2023: NIL)
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4. Receivables
2024 2023
£ £
Due within one year
Trade debtors 15,398 15,590
Other debtors 9,280 9,280
24,678 24,870
5. Payables: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 21,603 27,201
Accruals and deferred income 1,750 -
Directors' loan accounts 48,895 61,892
72,248 89,093
6. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
7. Related Party Transactions
At the balance sheet date a balance of £48,895 (2023: £61,457) was due to a director of the company, D. Solonskyy, under non interest-bearing loan.
Page 3