Acorah Software Products - Accounts Production 15.0.600 false true 31 March 2023 1 April 2022 false 1 April 2023 31 March 2024 31 March 2024 07496147 Mr Tejas Dave Tejas and Jalpa Dave true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 07496147 2023-03-31 07496147 2024-03-31 07496147 2023-04-01 2024-03-31 07496147 frs-core:CurrentFinancialInstruments 2024-03-31 07496147 frs-core:ComputerEquipment 2024-03-31 07496147 frs-core:ComputerEquipment 2023-04-01 2024-03-31 07496147 frs-core:ComputerEquipment 2023-03-31 07496147 frs-core:FurnitureFittings 2024-03-31 07496147 frs-core:FurnitureFittings 2023-04-01 2024-03-31 07496147 frs-core:FurnitureFittings 2023-03-31 07496147 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-03-31 07496147 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 07496147 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-03-31 07496147 frs-core:ShareCapital 2024-03-31 07496147 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 07496147 frs-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 07496147 frs-bus:FilletedAccounts 2023-04-01 2024-03-31 07496147 frs-bus:SmallEntities 2023-04-01 2024-03-31 07496147 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 07496147 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 07496147 1 2023-04-01 2024-03-31 07496147 frs-bus:Director1 2023-04-01 2024-03-31 07496147 frs-core:CurrentFinancialInstruments 1 2024-03-31 07496147 frs-core:CurrentFinancialInstruments 2 2024-03-31 07496147 frs-core:CurrentFinancialInstruments 3 2024-03-31 07496147 frs-core:CurrentFinancialInstruments 5 2024-03-31 07496147 frs-countries:EnglandWales 2023-04-01 2024-03-31 07496147 2022-03-31 07496147 2023-03-31 07496147 2022-04-01 2023-03-31 07496147 frs-core:CurrentFinancialInstruments 2023-03-31 07496147 frs-core:ShareCapital 2023-03-31 07496147 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31 07496147 frs-core:CurrentFinancialInstruments 1 2023-03-31 07496147 frs-core:CurrentFinancialInstruments 2 2023-03-31 07496147 frs-core:CurrentFinancialInstruments 3 2023-03-31 07496147 frs-core:CurrentFinancialInstruments 5 2023-03-31
Registered number: 07496147
Ebusiness Guru Limited
Unaudited Financial Statements
For The Year Ended 31 March 2024
The Accountancy People Manchester Limited
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—4
Page 1
Balance Sheet
Registered number: 07496147
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 106,338 88,828
106,338 88,828
CURRENT ASSETS
Debtors 5 1,135,658 1,110,507
Cash at bank and in hand 108,617 379,189
1,244,275 1,489,696
Creditors: Amounts Falling Due Within One Year 6 (486,914 ) (633,509 )
NET CURRENT ASSETS (LIABILITIES) 757,361 856,187
TOTAL ASSETS LESS CURRENT LIABILITIES 863,699 945,015
NET ASSETS 863,699 945,015
CAPITAL AND RESERVES
Called up share capital 7 40 40
Profit and Loss Account 863,659 944,975
SHAREHOLDERS' FUNDS 863,699 945,015
For the year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has 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 Profit and Loss Account.
On behalf of the board
Mr Tejas Dave
Director
4 October 2024
The notes on pages 2 to 4 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
Ebusiness Guru Limited is a private company, limited by shares, incorporated in England & Wales, registered number 07496147 . The registered office is 9 Oliver Business Park, Oliver Road, Park Royal, London, NW10 7JB.
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. 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:
Freehold 10 Years SL
Fixtures & Fittings 15% RB
Computer Equipment 33% SL
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.
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 assets reflect 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: 4 (2023: 2)
4 2
Page 2
Page 3
4. Tangible Assets
Land & Property
Freehold Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 April 2023 120,333 2,488 433 123,254
Additions 31,301 - - 31,301
As at 31 March 2024 151,634 2,488 433 154,555
Depreciation
As at 1 April 2023 32,339 1,686 401 34,426
Provided during the period 13,435 324 32 13,791
As at 31 March 2024 45,774 2,010 433 48,217
Net Book Value
As at 31 March 2024 105,860 478 - 106,338
As at 1 April 2023 87,994 802 32 88,828
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 137,046 193,886
Other debtors 43,090 -
Other debtors (1) 932,022 906,621
Other debtors (2) 10,000 10,000
Other debtors (3) 13,500 -
1,135,658 1,110,507
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 353,316 369,660
Corporation tax 3,876 (3,307 )
Other taxes and social security 2,627 325
VAT 27,382 30,391
Other creditors 11,050 11,050
Other creditors (5) 1,470 95,907
Accruals and deferred income 87,193 118,885
Director's loan account - 10,598
486,914 633,509
7. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 40 40
Page 3
Page 4
8. Related Party Transactions
Included in other debtors is a loan to Eparshad Ltd of £932,022 (2023 £906,620), a company also owned by the directors. Interest is charged at 2.25% per annum
9. Ultimate Controlling Party
The company's ultimate controlling party is Tejas and Jalpa Dave by virtue of their ownership of 70% of the issued share capital in the company.
Page 4