Acorah Software Products - Accounts Production 15.0.600 false true true 31 May 2023 1 December 2021 false 1 June 2023 31 May 2024 31 May 2024 09883698 Mr Antranek Nerses iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 09883698 2023-05-31 09883698 2024-05-31 09883698 2023-06-01 2024-05-31 09883698 frs-core:CurrentFinancialInstruments 2024-05-31 09883698 frs-core:Non-currentFinancialInstruments 2024-05-31 09883698 frs-core:ShareCapital 2024-05-31 09883698 frs-core:RetainedEarningsAccumulatedLosses 2024-05-31 09883698 frs-bus:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 09883698 frs-bus:FilletedAccounts 2023-06-01 2024-05-31 09883698 frs-bus:SmallEntities 2023-06-01 2024-05-31 09883698 frs-bus:AuditExempt-NoAccountantsReport 2023-06-01 2024-05-31 09883698 frs-bus:SmallCompaniesRegimeForAccounts 2023-06-01 2024-05-31 09883698 frs-bus:Director1 2023-06-01 2024-05-31 09883698 frs-countries:EnglandWales 2023-06-01 2024-05-31 09883698 2021-11-30 09883698 2023-05-31 09883698 2021-12-01 2023-05-31 09883698 frs-core:CurrentFinancialInstruments 2023-05-31 09883698 frs-core:Non-currentFinancialInstruments 2023-05-31 09883698 frs-core:ShareCapital 2023-05-31 09883698 frs-core:RetainedEarningsAccumulatedLosses 2023-05-31
Registered number: 09883698
Tony Nerses Ltd
Unaudited Financial Statements
For The Year Ended 31 May 2024
Mouktaris & Co Ltd
Chartered Accountants & Registered Auditors
156a Burnt Oak Broadway
Edgware
Middlesex
HA8 0AX
Contents
Page
Statement of Financial Position 1—2
Notes to the Financial Statements 3—4
Page 1
Statement of Financial Position
Registered number: 09883698
31 May 2024 31 May 2023
Notes £ £ £ £
CURRENT ASSETS
Stocks 4 33,500 55,000
Debtors 5 2,436 3,138
Cash at bank and in hand 20,710 41,134
56,646 99,272
Creditors: Amounts Falling Due Within One Year 6 (7,402 ) (3,600 )
NET CURRENT ASSETS (LIABILITIES) 49,244 95,672
TOTAL ASSETS LESS CURRENT LIABILITIES 49,244 95,672
Creditors: Amounts Falling Due After More Than One Year 7 (116,020 ) (112,420 )
NET LIABILITIES (66,776 ) (16,748 )
CAPITAL AND RESERVES
Called up share capital 8 100 100
Income Statement (66,876 ) (16,848 )
SHAREHOLDERS' FUNDS (66,776) (16,748)
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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 members have 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
Mr Antranek Nerses
Director
16 September 2024
The notes on pages 3 to 4 form part of these financial statements.
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Page 3
Notes to the Financial Statements
1. General Information
Tony Nerses Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 09883698 . The registered office is 156a Burnt Oak Broadway, Edgware, Middlesex, HA8 0AX.
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 financial statements are prepared in sterling, which is the functional currency of the entity.
2.2. Going Concern Disclosure
The company has net liabilities of £66,776. The director has made a commitment not to seek full repayment of his director's loan totalling £116,020 within the next twelve months and so the director considers that the going concern basis remains appropriate in preparing the financial statements.
2.3. 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 bloodstock and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of bloodstock
Turnover from the sale of bloodstock is recognised when the significant risks and rewards of ownership of the bloodstock has transferred to the buyer; the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably. This is usually at the point that the customer has signed for the delivery of the bloodstock.
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.
2.4. Stocks and Work in Progress
Stock, comprising bloodstock, is valued at the lower of cost and net realisable value. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
2.5. Taxation
The company incurred losses and there is no corporation tax payable.
2.6. Basic financial assets
Basic financial assets, which include trade and other debtors and cash and bank balances, are initially measured at transaction price including transaction costs and where material are subsequently measured at amortised cost using the effective interest method, less any impairment.
2.7. Basic financial liabilities
Basic financial liabilities, including trade and other payables and loans from company undertakings that are classified as debt are initially measured at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at the market rate of interest.
2.8. Cash and cash equivalents
Cash and cash equivalents include cash in hand, deposits held at call with banks, other short term liquid investments with original maturities of three months or less.
3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2023: NIL)
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4. Stocks
31 May 2024 31 May 2023
£ £
Bloodstock 33,500 55,000
5. Debtors
31 May 2024 31 May 2023
£ £
Due within one year
Trade debtors 1,945 -
VAT 491 3,138
2,436 3,138
6. Creditors: Amounts Falling Due Within One Year
31 May 2024 31 May 2023
£ £
Trade creditors 7,402 3,600
7. Creditors: Amounts Falling Due After More Than One Year
31 May 2024 31 May 2023
£ £
Directors loan account 116,020 112,420
8. Share Capital
31 May 2024 31 May 2023
£ £
Allotted, Called up and fully paid 100 100
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