Acorah Software Products - Accounts Production 15.0.600 false true 31 July 2023 1 August 2022 false 1 August 2023 31 July 2024 31 July 2024 11240717 Mr Dharmeshkumar Amin Mr Peter Evans Mr Christian Smith Mukund Amin 11-12 Hallmark Trading Centre, Fourth Way, Wembley, Middlesex, HA9 0LB false iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 11240717 2023-07-31 11240717 2024-07-31 11240717 2023-08-01 2024-07-31 11240717 frs-core:CurrentFinancialInstruments 2024-07-31 11240717 frs-core:Non-currentFinancialInstruments 2024-07-31 11240717 frs-core:FurnitureFittings 2024-07-31 11240717 frs-core:FurnitureFittings 2023-08-01 2024-07-31 11240717 frs-core:FurnitureFittings 2023-07-31 11240717 frs-core:NetGoodwill 2024-07-31 11240717 frs-core:NetGoodwill 2023-08-01 2024-07-31 11240717 frs-core:NetGoodwill 2023-07-31 11240717 frs-core:CapitalRedemptionReserve 2024-07-31 11240717 frs-core:ShareCapital 2024-07-31 11240717 frs-core:RetainedEarningsAccumulatedLosses 2024-07-31 11240717 frs-bus:PrivateLimitedCompanyLtd 2023-08-01 2024-07-31 11240717 frs-bus:FilletedAccounts 2023-08-01 2024-07-31 11240717 frs-bus:SmallEntities 2023-08-01 2024-07-31 11240717 frs-bus:AuditExempt-NoAccountantsReport 2023-08-01 2024-07-31 11240717 frs-bus:SmallCompaniesRegimeForAccounts 2023-08-01 2024-07-31 11240717 1 2023-08-01 2024-07-31 11240717 frs-core:CostValuation 2023-07-31 11240717 frs-core:CostValuation 2024-07-31 11240717 frs-core:ProvisionsForImpairmentInvestments 2023-07-31 11240717 frs-core:ImpairmentLossProvisionsForImpairmentInvestments 2024-07-31 11240717 frs-core:ProvisionsForImpairmentInvestments 2024-07-31 11240717 frs-bus:Director1 2023-08-01 2024-07-31 11240717 frs-bus:Director2 2023-08-01 2024-07-31 11240717 frs-bus:CompanySecretary1 2023-08-01 2024-07-31 11240717 frs-countries:EnglandWales 2023-08-01 2024-07-31 11240717 2022-07-31 11240717 2023-07-31 11240717 2022-08-01 2023-07-31 11240717 frs-core:CurrentFinancialInstruments 2023-07-31 11240717 frs-core:Non-currentFinancialInstruments 2023-07-31 11240717 frs-core:CapitalRedemptionReserve 2023-07-31 11240717 frs-core:ShareCapital 2023-07-31 11240717 frs-core:RetainedEarningsAccumulatedLosses 2023-07-31
Registered number: 11240717
Accounts Unlocked Limited
Unaudited Financial Statements
For The Year Ended 31 July 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 11240717
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 - 15,475
Tangible Assets 5 5,813 2,793
Investments 6 - 1
5,813 18,269
CURRENT ASSETS
Debtors 7 1,365,585 830,393
Cash at bank and in hand 113,558 109,267
1,479,143 939,660
Creditors: Amounts Falling Due Within One Year 8 (399,590 ) (318,493 )
NET CURRENT ASSETS (LIABILITIES) 1,079,553 621,167
TOTAL ASSETS LESS CURRENT LIABILITIES 1,085,366 639,436
Creditors: Amounts Falling Due After More Than One Year 9 (440,464 ) (103,208 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (1,453 ) (698 )
NET ASSETS 643,449 535,530
CAPITAL AND RESERVES
Called up share capital 1,040 1,040
Capital redemption reserve 10 10
Profit and Loss Account 642,399 534,480
SHAREHOLDERS' FUNDS 643,449 535,530
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For the year ending 31 July 2024 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
Mr Dharmeshkumar Amin
Director
7 October 2024
The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Accounts Unlocked Limited is a private company, limited by shares, incorporated in England & Wales, registered number 11240717 . The registered office is Office 43, The Cobalt Building, 1600 Eureka Park, Lower Pemberton, Ashford, Kent, TN25 4BF.
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 rendering of services. 
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. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of 3 years.
2.4. 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 Straight Line over 3 years, 5 years, and 10 years
A full month of depreciation is charged in the month of acquisition.
The fixed assets are reviewed for impairment annually.
2.5. Leasing and Hire Purchase Contracts
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
2.6. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
2.7. 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.
...CONTINUED
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2.7. Taxation - continued
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: 17 (2023: 17)
17 17
4. Intangible Assets
Goodwill
£
Cost
As at 1 August 2023 42,854
As at 31 July 2024 42,854
Amortisation
As at 1 August 2023 27,379
Provided during the period 14,285
Impairment losses 1,190
As at 31 July 2024 42,854
Net Book Value
As at 31 July 2024 -
As at 1 August 2023 15,475
5. Tangible Assets
Fixtures & Fittings
£
Cost
As at 1 August 2023 3,385
Additions 3,592
As at 31 July 2024 6,977
Depreciation
As at 1 August 2023 592
Provided during the period 572
As at 31 July 2024 1,164
Net Book Value
As at 31 July 2024 5,813
As at 1 August 2023 2,793
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6. Investments
Subsidiaries
£
Cost
As at 1 August 2023 1
As at 31 July 2024 1
Provision
As at 1 August 2023 -
Impairment losses 1
As at 31 July 2024 1
Net Book Value
As at 31 July 2024 -
As at 1 August 2023 1
The Company owns 100% of the share capital in Tax 4 Traders Limited, a subsidiary. 
The goodwill pertains to the customer list.
During 2024 both the investment and goodwill were reviewed for impairment, and was fully written down, as the Subsidiary was struck off.
7. Debtors
2024 2023
£ £
Due within one year
Trade debtors 95,162 37,789
Other debtors 24,132 19,337
119,294 57,126
Due after more than one year
Amounts owed by group undertakings 1,246,291 773,267
1,365,585 830,393
8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 31,914 43,416
Bank loans and overdrafts 152,733 132,792
Other loans 91,024 -
Other creditors 23,079 17,029
Taxation and social security 100,840 125,256
399,590 318,493
9. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 440,464 103,208
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10. Related Party Transactions
Amounts due from Parent Company
During the year the Company advanced £611,024 (2023: £312,220) to its Parent Company.
During the year the Company was repaid £138,000 (2023: £160,000) by its Parent Company.
As at the year end the amounts owing from the Parent Company totalled £1,246,291 (2023: £773,267).
11. Parent Undertaking and Controlling Party
The company's immediate and parent undertaking is Affinity Associates Group Limited . Affinity Associates Group Limited was incorporated in (United Kingdom). Copies of the group accounts may be obtained from the secretary, 11-12 Hallmark Trading Centre, Fourth Way, Wembley, Middlesex, HA9 0LB . The controlling party is Mukund Amin who controls (75)% of the shares of Accounts Unlocked Limited at the balance sheet date.
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