Acorah Software Products - Accounts Production 14.5.601 false true 31 December 2022 1 January 2022 false 1 January 2023 31 December 2023 31 December 2023 08336016 Mr Asad Naqvi Ms Natalia Barbieri iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 08336016 2022-12-31 08336016 2023-12-31 08336016 2023-01-01 2023-12-31 08336016 frs-core:CurrentFinancialInstruments 2023-12-31 08336016 frs-core:Non-currentFinancialInstruments 2023-12-31 08336016 frs-core:BetweenOneFiveYears 2023-12-31 08336016 frs-core:FurnitureFittings 2023-12-31 08336016 frs-core:FurnitureFittings 2023-01-01 2023-12-31 08336016 frs-core:FurnitureFittings 2022-12-31 08336016 frs-core:MotorVehicles 2023-12-31 08336016 frs-core:MotorVehicles 2023-01-01 2023-12-31 08336016 frs-core:MotorVehicles 2022-12-31 08336016 frs-core:WithinOneYear 2023-12-31 08336016 frs-core:ShareCapital 2023-12-31 08336016 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 08336016 frs-bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 08336016 frs-bus:FilletedAccounts 2023-01-01 2023-12-31 08336016 frs-bus:SmallEntities 2023-01-01 2023-12-31 08336016 frs-bus:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 08336016 frs-bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 08336016 frs-bus:Director1 2023-01-01 2023-12-31 08336016 frs-bus:Director2 2023-01-01 2023-12-31 08336016 frs-countries:EnglandWales 2023-01-01 2023-12-31 08336016 2021-12-31 08336016 2022-12-31 08336016 2022-01-01 2022-12-31 08336016 frs-core:CurrentFinancialInstruments 2022-12-31 08336016 frs-core:Non-currentFinancialInstruments 2022-12-31 08336016 frs-core:BetweenOneFiveYears 2022-12-31 08336016 frs-core:WithinOneYear 2022-12-31 08336016 frs-core:ShareCapital 2022-12-31 08336016 frs-core:RetainedEarningsAccumulatedLosses 2022-12-31
Registered number: 08336016
NAQ Entertainment LTD
Unaudited Financial Statements
For The Year Ended 31 December 2023
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 08336016
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 41,541 -
41,541 -
CURRENT ASSETS
Debtors 5 36,705 79,093
Cash at bank and in hand 105,432 67,085
142,137 146,178
Creditors: Amounts Falling Due Within One Year 6 (65,347 ) (62,917 )
NET CURRENT ASSETS (LIABILITIES) 76,790 83,261
TOTAL ASSETS LESS CURRENT LIABILITIES 118,331 83,261
Creditors: Amounts Falling Due After More Than One Year 7 (47,105 ) (19,510 )
NET ASSETS 71,226 63,751
CAPITAL AND RESERVES
Called up share capital 9 100 100
Profit and Loss Account 71,126 63,651
SHAREHOLDERS' FUNDS 71,226 63,751
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 Asad Naqvi
Director
10/09/2024
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
NAQ Entertainment LTD is a private company, limited by shares, incorporated in England & Wales, registered number 08336016 . The registered office is 78 Old Woking Road, West Byfleet, Surrey, England, KT14 6HU.
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.
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. 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:
Motor Vehicles 25% straight line basis
Fixtures & Fittings 20% straight line basis
2.4. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
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.
Page 3
Page 4
2.6. Critical accounting judgements and key sources of estimation uncertainty
In the application of the Company's accounting policies, the directors are required to make judgments, estimates and assumptions about the carrying amounts of assets and liabilities that are not readily apparent from other sources.
The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods.

The Directors do not consider there are any critical judgments or sources of estimation uncertainty requiring disclosure beyond the accounting policies listed below.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2022: 1)
2 1
4. Tangible Assets
Motor Vehicles Fixtures & Fittings Total
£ £ £
Cost
As at 1 January 2023 - - -
Additions 37,703 4,701 42,404
As at 31 December 2023 37,703 4,701 42,404
Depreciation
As at 1 January 2023 - - -
Provided during the period 785 78 863
As at 31 December 2023 785 78 863
Net Book Value
As at 31 December 2023 36,918 4,623 41,541
As at 1 January 2023 - - -
5. Debtors
2023 2022
£ £
Due within one year
Trade debtors 19,655 39,905
Amounts owed by participating interests 17,050 17,050
Other debtors - 22,138
36,705 79,093
6. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Net obligations under finance lease and hire purchase contracts 7,314 -
Trade creditors 1,688 15,797
Bank loans and overdrafts 9,557 1,505
Other creditors 34,433 7,875
Taxation and social security 12,355 37,740
65,347 62,917
Page 4
Page 5
7. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Net obligations under finance lease and hire purchase contracts 33,219 -
Bounce Back Loan > 1 Year 13,886 19,510
47,105 19,510
8. Obligations Under Finance Leases and Hire Purchase
2023 2022
£ £
The future minimum finance lease payments are as follows:
Not later than one year 7,314 -
Later than one year and not later than five years 33,219 -
40,533 -
40,533 -
9. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 100 100
10. Related Party Transactions
The company was controlled throughout the current period by Mr. Asad  Naqvi and Mrs. Natalia Barbieri by virtue of their ownership of the entire issued share capital.
Page 5