Acorah Software Products - Accounts Production 15.0.600 false true 31 December 2022 1 January 2022 false 1 January 2023 31 December 2023 31 December 2023 08813262 Mr Sajjad Ali iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 08813262 2022-12-31 08813262 2023-12-31 08813262 2023-01-01 2023-12-31 08813262 frs-core:CurrentFinancialInstruments 2023-12-31 08813262 frs-core:Non-currentFinancialInstruments 2023-12-31 08813262 frs-core:NetGoodwill 2023-12-31 08813262 frs-core:NetGoodwill 2023-01-01 2023-12-31 08813262 frs-core:NetGoodwill 2022-12-31 08813262 frs-core:PlantMachinery 2023-12-31 08813262 frs-core:PlantMachinery 2023-01-01 2023-12-31 08813262 frs-core:PlantMachinery 2022-12-31 08813262 frs-core:ShareCapital 2023-12-31 08813262 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 08813262 frs-bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 08813262 frs-bus:FilletedAccounts 2023-01-01 2023-12-31 08813262 frs-bus:SmallEntities 2023-01-01 2023-12-31 08813262 frs-bus:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 08813262 frs-bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 08813262 frs-bus:Director1 2023-01-01 2023-12-31 08813262 frs-core:CurrentFinancialInstruments 1 2023-12-31 08813262 frs-countries:EnglandWales 2023-01-01 2023-12-31 08813262 2021-12-31 08813262 2022-12-31 08813262 2022-01-01 2022-12-31 08813262 frs-core:CurrentFinancialInstruments 2022-12-31 08813262 frs-core:Non-currentFinancialInstruments 2022-12-31 08813262 frs-core:ShareCapital 2022-12-31 08813262 frs-core:RetainedEarningsAccumulatedLosses 2022-12-31 08813262 frs-core:CurrentFinancialInstruments 1 2022-12-31
Registered number: 08813262
Ali'z Enterprise Limited
Unaudited Financial Statements
For The Year Ended 31 December 2023
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 08813262
2023 2022
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 10,000 10,000
Tangible Assets 5 4,963 6,053
14,963 16,053
CURRENT ASSETS
Stocks 6 24,875 23,550
Debtors 7 143 694
Cash at bank and in hand 7,454 7,313
32,472 31,557
Creditors: Amounts Falling Due Within One Year 8 (850 ) (5,426 )
NET CURRENT ASSETS (LIABILITIES) 31,622 26,131
TOTAL ASSETS LESS CURRENT LIABILITIES 46,585 42,184
Creditors: Amounts Falling Due After More Than One Year 9 (42,984 ) (42,026 )
NET ASSETS 3,601 158
CAPITAL AND RESERVES
Called up share capital 10 100 100
Profit and Loss Account 3,501 58
SHAREHOLDERS' FUNDS 3,601 158
Page 1
Page 2
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 Profit and Loss Account.
On behalf of the board
Mr Sajjad Ali
Director
12/09/2024
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
Ali'z Enterprise Limited is a private company, limited by shares, incorporated in England & Wales, registered number 08813262 . The registered office is 175 CHURCH LANE, HANDSWORTH, BIRMINGHAM, B20 2RU.
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.
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.
2.3. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of .... years.
2.4. 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:
Plant & Machinery 18%
2.5. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2022: 1)
2 1
4. Intangible Assets
Goodwill
£
Cost
As at 1 January 2023 10,000
As at 31 December 2023 10,000
Net Book Value
As at 31 December 2023 10,000
As at 1 January 2023 10,000
Page 3
Page 4
5. Tangible Assets
Plant & Machinery
£
Cost
As at 1 January 2023 12,240
As at 31 December 2023 12,240
Depreciation
As at 1 January 2023 6,187
Provided during the period 1,090
As at 31 December 2023 7,277
Net Book Value
As at 31 December 2023 4,963
As at 1 January 2023 6,053
6. Stocks
2023 2022
£ £
Materials 24,875 23,550
7. Debtors
2023 2022
£ £
Due within one year
Other debtors 143 -
Corporation tax recoverable assets - 694
143 694
8. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Other taxes and social security - 1,297
Net wages - 2,829
Accountancy Fee 850 1,300
850 5,426
9. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Trade creditors 6,450 -
Bank loans 36,534 42,026
42,984 42,026
Page 4
Page 5
10. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 100 100
Page 5