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 09896143 Mr Ganga Bhusal Mr Amrit Ramudamu iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 09896143 2022-12-31 09896143 2023-12-31 09896143 2023-01-01 2023-12-31 09896143 frs-core:CurrentFinancialInstruments 2023-12-31 09896143 frs-core:Non-currentFinancialInstruments 2023-12-31 09896143 frs-core:ComputerEquipment 2023-12-31 09896143 frs-core:ComputerEquipment 2023-01-01 2023-12-31 09896143 frs-core:ComputerEquipment 2022-12-31 09896143 frs-core:FurnitureFittings 2023-12-31 09896143 frs-core:FurnitureFittings 2023-01-01 2023-12-31 09896143 frs-core:FurnitureFittings 2022-12-31 09896143 frs-core:NetGoodwill 2023-12-31 09896143 frs-core:NetGoodwill 2023-01-01 2023-12-31 09896143 frs-core:NetGoodwill 2022-12-31 09896143 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-12-31 09896143 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-01-01 2023-12-31 09896143 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2022-12-31 09896143 frs-core:MotorVehicles 2023-12-31 09896143 frs-core:MotorVehicles 2023-01-01 2023-12-31 09896143 frs-core:MotorVehicles 2022-12-31 09896143 frs-core:ShareCapital 2023-12-31 09896143 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 09896143 frs-bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 09896143 frs-bus:FilletedAccounts 2023-01-01 2023-12-31 09896143 frs-bus:SmallEntities 2023-01-01 2023-12-31 09896143 frs-bus:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 09896143 frs-bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 09896143 frs-bus:OrdinaryShareClass2 2023-01-01 2023-12-31 09896143 frs-bus:OrdinaryShareClass2 2023-12-31 09896143 frs-bus:OrdinaryShareClass3 2023-01-01 2023-12-31 09896143 frs-bus:OrdinaryShareClass3 2023-12-31 09896143 frs-core:UnlistedNon-exchangeTraded 2023-12-31 09896143 frs-core:UnlistedNon-exchangeTraded 2022-12-31 09896143 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2022-12-31 09896143 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2023-12-31 09896143 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2022-12-31 09896143 frs-core:FurtherSpecificIncreaseDecreaseInProvisionsForImpairmentInvestments1ComponentCorrespondingTotal frs-core:UnlistedNon-exchangeTraded 2023-12-31 09896143 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2023-12-31 09896143 frs-bus:Director1 2023-01-01 2023-12-31 09896143 frs-bus:Director2 2023-01-01 2023-12-31 09896143 frs-countries:EnglandWales 2023-01-01 2023-12-31 09896143 2021-12-31 09896143 2022-12-31 09896143 2022-01-01 2022-12-31 09896143 frs-core:CurrentFinancialInstruments 2022-12-31 09896143 frs-core:Non-currentFinancialInstruments 2022-12-31 09896143 frs-core:ShareCapital 2022-12-31 09896143 frs-core:RetainedEarningsAccumulatedLosses 2022-12-31 09896143 frs-bus:OrdinaryShareClass2 2022-01-01 2022-12-31 09896143 frs-bus:OrdinaryShareClass3 2022-01-01 2022-12-31
Registered number: 09896143
Goldstar Accountants Limited
Financial Statements
For The Year Ended 31 December 2023
Goldstar Accountants Ltd
Chartered Accountants & Registered Auditors
63 London Street
Reading
Berkshire
RG1 4PS
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—7
Page 1
Balance Sheet
Registered number: 09896143
2023 2022
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 399,284 440,631
Tangible Assets 5 119,755 91,619
Investments 6 13,000 20,000
532,039 552,250
CURRENT ASSETS
Debtors 7 200,714 231,677
Cash at bank and in hand 386,223 223,341
586,937 455,018
Creditors: Amounts Falling Due Within One Year 8 (163,563 ) (157,243 )
NET CURRENT ASSETS (LIABILITIES) 423,374 297,775
TOTAL ASSETS LESS CURRENT LIABILITIES 955,413 850,025
Creditors: Amounts Falling Due After More Than One Year 9 (657,566 ) (638,641 )
PROVISIONS FOR LIABILITIES
Deferred Taxation 10 (7,532 ) (7,532 )
NET ASSETS 290,315 203,852
CAPITAL AND RESERVES
Called up share capital 11 428 428
Profit and Loss Account 289,887 203,424
SHAREHOLDERS' FUNDS 290,315 203,852
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 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 Ganga Bhusal
Director
18/06/2024
The notes on pages 3 to 7 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Goldstar Accountants Limited is a private company, limited by shares, incorporated in England & Wales, registered number 09896143 . The registered office is 87 Southampton Street, Reading, Berkshire, RG1 2QU.
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 20 years.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at cost less depreciation. 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:
Leasehold Over the lease period of 20 years
Motor Vehicles 25% reducig balance
Fixtures & Fittings 20% reducing balance
Computer Equipment 25% reducig balance
Page 3
Page 4
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.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period 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 assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and asset reflects the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
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 as follows:
2023 2022
Office and administration 9 9
9 9
4. Intangible Assets
Goodwill
£
Cost
As at 1 January 2023 636,112
As at 31 December 2023 636,112
Amortisation
As at 1 January 2023 195,481
Provided during the period 41,347
As at 31 December 2023 236,828
Net Book Value
As at 31 December 2023 399,284
As at 1 January 2023 440,631
Page 4
Page 5
5. Tangible Assets
Land & Property
Leasehold Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 January 2023 39,850 44,936 54,624 41,712 181,122
Additions 1,685 - 39,134 18,575 59,394
As at 31 December 2023 41,535 44,936 93,758 60,287 240,516
Depreciation
As at 1 January 2023 4,478 36,439 25,330 23,256 89,503
Provided during the period 2,769 2,124 17,107 9,258 31,258
As at 31 December 2023 7,247 38,563 42,437 32,514 120,761
Net Book Value
As at 31 December 2023 34,288 6,373 51,321 27,773 119,755
As at 1 January 2023 35,372 8,497 29,294 18,456 91,619
6. Investments
Unlisted
£
Cost
As at 1 January 2023 20,000
As at 31 December 2023 20,000
Provision
As at 1 January 2023 -
Revaluations 7,000
As at 31 December 2023 7,000
Net Book Value
As at 31 December 2023 13,000
As at 1 January 2023 20,000
Page 5
Page 6
7. Debtors
2023 2022
£ £
Due within one year
Trade debtors 193,714 213,227
Other debtors 7,000 18,450
200,714 231,677
8. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 13,994 12,306
Corporation tax 63,301 46,381
Other taxes and social security 2,752 2,214
VAT 33,238 30,297
Net wages 12,380 14,668
Other creditors 1,134 712
Accruals and deferred income 36,764 50,665
163,563 157,243
9. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Bank loans 25,849 38,597
Other creditors 64,887 64,887
Directors loan account 436,830 405,157
Amounts owed to other participating interests 130,000 130,000
657,566 638,641
10. Deferred Taxation
The provision for deferred tax is made up as follows:
2023 2022
£ £
Other timing differences 7,532 7,532
Page 6
Page 7
11. Share Capital
2023 2022
Allotted, called up and fully paid £ £
250 Ordinary A shares of £ 1.000 each 250 250
178 Ordinary B shares of £ 1.000 each 178 178
428 428
Page 7