Acorah Software Products - Accounts Production 15.0.600 false true 31 May 2023 1 June 2022 false 1 June 2023 31 May 2024 31 May 2024 SC660759 Mr Mark Singh iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure SC660759 2023-05-31 SC660759 2024-05-31 SC660759 2023-06-01 2024-05-31 SC660759 frs-core:CurrentFinancialInstruments 2024-05-31 SC660759 frs-core:FurnitureFittings 2024-05-31 SC660759 frs-core:FurnitureFittings 2023-06-01 2024-05-31 SC660759 frs-core:FurnitureFittings 2023-05-31 SC660759 frs-core:MotorVehicles 2024-05-31 SC660759 frs-core:MotorVehicles 2023-06-01 2024-05-31 SC660759 frs-core:MotorVehicles 2023-05-31 SC660759 frs-core:PlantMachinery 2024-05-31 SC660759 frs-core:PlantMachinery 2023-06-01 2024-05-31 SC660759 frs-core:PlantMachinery 2023-05-31 SC660759 frs-core:ShareCapital 2024-05-31 SC660759 frs-core:RetainedEarningsAccumulatedLosses 2024-05-31 SC660759 frs-bus:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 SC660759 frs-bus:FilletedAccounts 2023-06-01 2024-05-31 SC660759 frs-bus:SmallEntities 2023-06-01 2024-05-31 SC660759 frs-bus:AuditExempt-NoAccountantsReport 2023-06-01 2024-05-31 SC660759 frs-bus:SmallCompaniesRegimeForAccounts 2023-06-01 2024-05-31 SC660759 frs-bus:Director1 2023-06-01 2024-05-31 SC660759 frs-countries:Scotland 2023-06-01 2024-05-31 SC660759 2022-05-31 SC660759 2023-05-31 SC660759 2022-06-01 2023-05-31 SC660759 frs-core:CurrentFinancialInstruments 2023-05-31 SC660759 frs-core:ShareCapital 2023-05-31 SC660759 frs-core:RetainedEarningsAccumulatedLosses 2023-05-31
Registered number: SC660759
Bhai123 Limited
Financial Statements
For The Year Ended 31 May 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: SC660759
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 154,830 91,467
154,830 91,467
CURRENT ASSETS
Stocks 5 13,250 9,750
Debtors 6 24,408 22,120
Cash at bank and in hand 5,572 16,873
43,230 48,743
Creditors: Amounts Falling Due Within One Year 7 (57,512 ) (25,484 )
NET CURRENT ASSETS (LIABILITIES) (14,282 ) 23,259
TOTAL ASSETS LESS CURRENT LIABILITIES 140,548 114,726
NET ASSETS 140,548 114,726
CAPITAL AND RESERVES
Called up share capital 8 1 1
Profit and Loss Account 140,547 114,725
SHAREHOLDERS' FUNDS 140,548 114,726
Page 1
Page 2
For the year ending 31 May 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 Mark Singh
Director
12/09/2024
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
Bhai123 Limited is a private company, limited by shares, incorporated in Scotland, registered number SC660759 . The registered office is 111 Holyrood Road, Edinburgh, EH8 8AS.
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:
Plant & Machinery 20.0% - reducing balance method
Motor Vehicles 20.0% - reducing balance method
Fixtures & Fittings 20.0% - reducing balance method
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: 14 (2023: 8)
14 8
4. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Total
£ £ £ £
Cost
As at 1 June 2023 85,655 - 22,484 108,139
Additions 26,561 33,495 27,583 87,639
As at 31 May 2024 112,216 33,495 50,067 195,778
Depreciation
As at 1 June 2023 14,363 - 2,309 16,672
Provided during the period 14,801 3,908 5,567 24,276
As at 31 May 2024 29,164 3,908 7,876 40,948
...CONTINUED
Page 3
Page 4
Net Book Value
As at 31 May 2024 83,052 29,587 42,191 154,830
As at 1 June 2023 71,292 - 20,175 91,467
5. Stocks
2024 2023
£ £
Stock 13,250 9,750
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 5,804 3,516
Other debtors 18,604 18,604
24,408 22,120
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 956 4,015
Other loans - 4,752
Other creditors 1,000 3,400
Taxation and social security 55,556 13,317
57,512 25,484
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1 1
Page 4