Acorah Software Products - Accounts Production 14.5.601 false true 30 September 2022 1 October 2021 false 1 October 2022 30 September 2023 30 September 2023 09770045 Mr Jawad Ahmed Dar Mr Hassan Qureshi Miss Mufliha Ilyas iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 09770045 2022-09-30 09770045 2023-09-30 09770045 2022-10-01 2023-09-30 09770045 frs-core:CurrentFinancialInstruments 2023-09-30 09770045 frs-core:Non-currentFinancialInstruments 2023-09-30 09770045 frs-core:ComputerEquipment 2023-09-30 09770045 frs-core:ComputerEquipment 2022-10-01 2023-09-30 09770045 frs-core:ComputerEquipment 2022-09-30 09770045 frs-core:FurnitureFittings 2023-09-30 09770045 frs-core:FurnitureFittings 2022-10-01 2023-09-30 09770045 frs-core:FurnitureFittings 2022-09-30 09770045 frs-core:MotorVehicles 2023-09-30 09770045 frs-core:MotorVehicles 2022-10-01 2023-09-30 09770045 frs-core:MotorVehicles 2022-09-30 09770045 frs-core:PlantMachinery 2023-09-30 09770045 frs-core:PlantMachinery 2022-10-01 2023-09-30 09770045 frs-core:PlantMachinery 2022-09-30 09770045 frs-core:ShareCapital 2023-09-30 09770045 frs-core:RetainedEarningsAccumulatedLosses 2023-09-30 09770045 frs-bus:PrivateLimitedCompanyLtd 2022-10-01 2023-09-30 09770045 frs-bus:FilletedAccounts 2022-10-01 2023-09-30 09770045 frs-bus:SmallEntities 2022-10-01 2023-09-30 09770045 frs-bus:AuditExempt-NoAccountantsReport 2022-10-01 2023-09-30 09770045 frs-bus:SmallCompaniesRegimeForAccounts 2022-10-01 2023-09-30 09770045 frs-bus:Director1 2022-10-01 2023-09-30 09770045 frs-bus:Director2 2022-10-01 2023-09-30 09770045 frs-bus:Director3 2022-10-01 2023-09-30 09770045 frs-countries:EnglandWales 2022-10-01 2023-09-30 09770045 2021-09-30 09770045 2022-09-30 09770045 2021-10-01 2022-09-30 09770045 frs-core:CurrentFinancialInstruments 2022-09-30 09770045 frs-core:Non-currentFinancialInstruments 2022-09-30 09770045 frs-core:ShareCapital 2022-09-30 09770045 frs-core:RetainedEarningsAccumulatedLosses 2022-09-30
Registered number: 09770045
EXCEL APARTMENTS LTD
Financial Statements
For The Year Ended 30 September 2023
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 09770045
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 25,270 12,619
25,270 12,619
CURRENT ASSETS
Debtors 5 1,868,413 1,572,991
Cash at bank and in hand 64,838 126,694
1,933,251 1,699,685
Creditors: Amounts Falling Due Within One Year 6 (1,134,560 ) (732,462 )
NET CURRENT ASSETS (LIABILITIES) 798,691 967,223
TOTAL ASSETS LESS CURRENT LIABILITIES 823,961 979,842
Creditors: Amounts Falling Due After More Than One Year 7 (32,987 ) (42,679 )
NET ASSETS 790,974 937,163
CAPITAL AND RESERVES
Called up share capital 8 104 104
Profit and Loss Account 790,870 937,059
SHAREHOLDERS' FUNDS 790,974 937,163
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For the year ending 30 September 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
Miss Mufliha Ilyas
Director
16/09/2024
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
EXCEL APARTMENTS LTD is a private company, limited by shares, incorporated in England & Wales, registered number 09770045 . The registered office is 86-90 Paul Street, London, EC2A 4NE.
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.
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:
Plant & Machinery 25% Straight line
Motor Vehicles 25% Straight line
Fixtures & Fittings 20% Straight line
Computer Equipment 33% Straight line
2.4. 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 years 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 8 (2022: 6)
8 6
4. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 October 2022 24,667 2,850 49,922 1,980 79,419
Additions - - 28,014 - 28,014
As at 30 September 2023 24,667 2,850 77,936 1,980 107,433
Depreciation
As at 1 October 2022 22,407 2,138 40,275 1,980 66,800
Provided during the period 1,233 712 13,418 - 15,363
As at 30 September 2023 23,640 2,850 53,693 1,980 82,163
Net Book Value
As at 30 September 2023 1,027 - 24,243 - 25,270
As at 1 October 2022 2,260 712 9,647 - 12,619
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5. Debtors
2023 2022
£ £
Due within one year
Trade debtors 760,047 678,364
Other debtors 1,108,366 894,627
1,868,413 1,572,991
6. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Other creditors 974,131 488,340
Taxation and social security 160,429 244,122
1,134,560 732,462
7. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Bank loans 32,987 42,679
8. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 104 104
9. Related Party Transactions
Novus Estates LimitedIncluded within 'Other Debtors' the amount of £753,531.83 (In 2022 Receivable: £546,766.67) owed from Novus Estates Limited. Hassan Qureshi is also the Director and Shareholder of the Novus Estates Limited.

Novus Estates Limited

Included within 'Other Debtors' the amount of £753,531.83 (In 2022 Receivable: £546,766.67) owed from Novus Estates Limited. Hassan Qureshi is also the Director and Shareholder of the Novus Estates Limited.

Pink Mews LimitedIncluded within 'Other Debtors' the amount of £6,030 (In 2022 Receivable:£6,030) owed from Pink Mews Limited. Mufliha Ilyas is also the director and shareholder of the Pink Mews Limited.

Pink Mews Limited

Included within 'Other Debtors' the amount of £6,030 (In 2022 Receivable:£6,030) owed from Pink Mews Limited. Mufliha Ilyas is also the director and shareholder of the Pink Mews Limited.

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