Acorah Software Products - Accounts Production 15.0.600 false true false 1 February 2023 31 January 2024 31 January 2024 14616202 Mr Deepak Khadka iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 14616202 2023-01-31 14616202 2024-01-31 14616202 2023-02-01 2024-01-31 14616202 frs-core:CurrentFinancialInstruments 2024-01-31 14616202 frs-core:Non-currentFinancialInstruments 2024-01-31 14616202 frs-core:FurnitureFittings 2024-01-31 14616202 frs-core:FurnitureFittings 2023-02-01 2024-01-31 14616202 frs-core:FurnitureFittings 2023-01-31 14616202 frs-core:ShareCapital 2024-01-31 14616202 frs-core:RetainedEarningsAccumulatedLosses 2024-01-31 14616202 frs-bus:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 14616202 frs-bus:FilletedAccounts 2023-02-01 2024-01-31 14616202 frs-bus:SmallEntities 2023-02-01 2024-01-31 14616202 frs-bus:AuditExempt-NoAccountantsReport 2023-02-01 2024-01-31 14616202 frs-bus:SmallCompaniesRegimeForAccounts 2023-02-01 2024-01-31 14616202 frs-bus:Director1 2023-02-01 2024-01-31 14616202 frs-countries:EnglandWales 2023-02-01 2024-01-31
Registered number: 14616202
KHADKA & SONS LIMITED
Financial Statements
For The Year Ended 31 January 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 14616202
2024
Notes £ £
FIXED ASSETS
Tangible Assets 4 20,400
20,400
CURRENT ASSETS
Stocks 5 4,890
Debtors 6 2,246
Cash at bank and in hand 20,584
27,720
Creditors: Amounts Falling Due Within One Year 7 (27,469 )
NET CURRENT ASSETS (LIABILITIES) 251
TOTAL ASSETS LESS CURRENT LIABILITIES 20,651
Creditors: Amounts Falling Due After More Than One Year 8 (19,000 )
NET ASSETS 1,651
CAPITAL AND RESERVES
Called up share capital 9 100
Profit and Loss Account 1,551
SHAREHOLDERS' FUNDS 1,651
Page 1
Page 2
For the year ending 31 January 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 Deepak Khadka
Director
03/09/2024
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
KHADKA & SONS LIMITED is a private company, limited by shares, incorporated in England & Wales, registered number 14616202 . The registered office is 63 London street, Reading, Berkshire, RG1 4PS.
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:
Fixtures & Fittings -
2.4. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1
1
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4. Tangible Assets
Fixtures & Fittings
£
Cost
As at 1 February 2023 -
Additions 20,400
As at 31 January 2024 20,400
Net Book Value
As at 31 January 2024 20,400
As at 1 February 2023 -
5. Stocks
2024
£
Materials 4,890
6. Debtors
2024
£
Due within one year
Trade debtors 2,246
7. Creditors: Amounts Falling Due Within One Year
2024
£
Trade creditors 3,288
Other creditors 17,278
Taxation and social security 6,903
27,469
8. Creditors: Amounts Falling Due After More Than One Year
2024
£
Bank loans 19,000
9. Share Capital
2024
£
Allotted, Called up and fully paid 100
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