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 06007147 Mr Kam Lok Nam Mrs Kit Ming Margaret Nam iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 06007147 2022-12-31 06007147 2023-12-31 06007147 2023-01-01 2023-12-31 06007147 frs-core:CurrentFinancialInstruments 2023-12-31 06007147 frs-core:FurnitureFittings 2023-12-31 06007147 frs-core:FurnitureFittings 2023-01-01 2023-12-31 06007147 frs-core:FurnitureFittings 2022-12-31 06007147 frs-core:MotorVehicles 2023-12-31 06007147 frs-core:MotorVehicles 2023-01-01 2023-12-31 06007147 frs-core:MotorVehicles 2022-12-31 06007147 frs-core:ShareCapital 2023-12-31 06007147 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 06007147 frs-bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 06007147 frs-bus:FilletedAccounts 2023-01-01 2023-12-31 06007147 frs-bus:SmallEntities 2023-01-01 2023-12-31 06007147 frs-bus:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 06007147 frs-bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 06007147 frs-bus:Director1 2023-01-01 2023-12-31 06007147 frs-bus:Director2 2023-01-01 2023-12-31 06007147 frs-countries:EnglandWales 2023-01-01 2023-12-31 06007147 2021-12-31 06007147 2022-12-31 06007147 2022-01-01 2022-12-31 06007147 frs-core:CurrentFinancialInstruments 2022-12-31 06007147 frs-core:ShareCapital 2022-12-31 06007147 frs-core:RetainedEarningsAccumulatedLosses 2022-12-31
Registered number: 06007147
Nam Software Services Ltd
Unaudited Financial Statements
For The Year Ended 31 December 2023
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 06007147
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 31,944 480
Investment Properties 5 367,396 367,396
399,340 367,876
CURRENT ASSETS
Debtors 6 11,829 5,256
Cash at bank and in hand 108,034 129,893
119,863 135,149
Creditors: Amounts Falling Due Within One Year 7 (44,054 ) (27,895 )
NET CURRENT ASSETS (LIABILITIES) 75,809 107,254
TOTAL ASSETS LESS CURRENT LIABILITIES 475,149 475,130
NET ASSETS 475,149 475,130
CAPITAL AND RESERVES
Called up share capital 8 500 500
Profit and Loss Account 474,649 474,630
SHAREHOLDERS' FUNDS 475,149 475,130
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
Mrs Kit Ming Margaret Nam
Director
17 September 2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Nam Software Services Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 06007147 . The registered office is 38 Boscombe Road, Worcester Park, Surrey, KT4 8PL.
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 comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
2.3. 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:
Motor Vehicles 20% on cost
Fixtures & Fittings 30% on cost
2.4. Investment Properties
Investment properties shall not be subject to periodic charges for depreciation except for properties held on lease, which shall be depreciated at least over the period when the unexpired term is 20 years or less.
Investment properties shall be included in the balance sheet at their market value.
2.5. Registrar Filing Requirements
The company has taken advantage of Companies Act 2006 section 444(1) and opted not to file the profit and loss account, directors report, and notes to the financial statements relating to the profit and loss account.
3. Average Number of Employees
Average number of employees, including directors, during the year was:
2023 2022
Office and administration 2 2
2 2
4. Tangible Assets
Motor Vehicles Fixtures & Fittings Total
£ £ £
Cost
As at 1 January 2023 - 3,841 3,841
Additions 39,780 - 39,780
Disposals - (1,299 ) (1,299 )
As at 31 December 2023 39,780 2,542 42,322
Depreciation
As at 1 January 2023 - 3,361 3,361
Provided during the period 7,956 360 8,316
Disposals - (1,299 ) (1,299 )
As at 31 December 2023 7,956 2,422 10,378
Net Book Value
As at 31 December 2023 31,824 120 31,944
As at 1 January 2023 - 480 480
Page 3
Page 4
5. Investment Property
2023
£
Fair Value
As at 1 January 2023 and 31 December 2023 367,396
6. Debtors
2023 2022
£ £
Due within one year
Trade debtors 11,829 5,256
7. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Corporation tax 4,351 10,534
Other taxes and social security 6,415 867
Other creditors 1,000 -
Accruals and deferred income 798 1,446
Directors' loan accounts 31,490 15,048
44,054 27,895
8. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 500 500
9. Dividends
2023 2022
£ £
On equity shares:
Final dividend paid 50,000 28,000
Page 4