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 13738141 Jigneshkumar Patel iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 13738141 2023-03-31 13738141 2024-03-31 13738141 2023-04-01 2024-03-31 13738141 frs-core:CurrentFinancialInstruments 2024-03-31 13738141 frs-core:Non-currentFinancialInstruments 2024-03-31 13738141 frs-core:ComputerEquipment 2024-03-31 13738141 frs-core:ComputerEquipment 2023-04-01 2024-03-31 13738141 frs-core:ComputerEquipment 2023-03-31 13738141 frs-core:FurnitureFittings 2024-03-31 13738141 frs-core:FurnitureFittings 2023-04-01 2024-03-31 13738141 frs-core:FurnitureFittings 2023-03-31 13738141 frs-core:NetGoodwill 2024-03-31 13738141 frs-core:NetGoodwill 2023-04-01 2024-03-31 13738141 frs-core:NetGoodwill 2023-03-31 13738141 frs-core:PlantMachinery 2024-03-31 13738141 frs-core:PlantMachinery 2023-04-01 2024-03-31 13738141 frs-core:PlantMachinery 2023-03-31 13738141 frs-core:ShareCapital 2024-03-31 13738141 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 13738141 frs-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 13738141 frs-bus:FilletedAccounts 2023-04-01 2024-03-31 13738141 frs-bus:SmallEntities 2023-04-01 2024-03-31 13738141 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 13738141 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 13738141 frs-bus:Director1 2023-04-01 2024-03-31 13738141 frs-countries:EnglandWales 2023-04-01 2024-03-31 13738141 2022-03-31 13738141 2023-03-31 13738141 2022-04-01 2023-03-31 13738141 frs-core:CurrentFinancialInstruments 2023-03-31 13738141 frs-core:Non-currentFinancialInstruments 2023-03-31 13738141 frs-core:ShareCapital 2023-03-31 13738141 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31
Registered number: 13738141
Keshavraj Ltd
Unaudited Financial Statements
For The Year Ended 31 March 2024
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 13738141
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 3 311,500 311,500
Tangible Assets 4 132,479 176,781
443,979 488,281
CURRENT ASSETS
Stocks 5 7,613 7,250
Debtors 6 39,834 13,625
Cash at bank and in hand 54,077 72,154
101,524 93,029
Creditors: Amounts Falling Due Within One Year 7 (25,490 ) (26,213 )
NET CURRENT ASSETS (LIABILITIES) 76,034 66,816
TOTAL ASSETS LESS CURRENT LIABILITIES 520,013 555,097
Creditors: Amounts Falling Due After More Than One Year 8 (400,129 ) (506,640 )
NET ASSETS 119,884 48,457
CAPITAL AND RESERVES
Called up share capital 9 4 4
Profit and Loss Account 119,880 48,453
SHAREHOLDERS' FUNDS 119,884 48,457
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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
Jigneshkumar Patel
Director
29/08/2024
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. Accounting Policies
1.1. 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.
1.2. 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.
1.3. 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 .... years.
1.4. 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:
Plant & Machinery 25% reducing balance
Fixtures & Fittings 25% reducing balance
Computer Equipment 33.33% reducing balance
1.5. 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.
2. Average Number of Employees
Average number of employees, including directors, during the year was as follows: 15 (2023: 15)
15 15
3. Intangible Assets
Goodwill
£
Cost
As at 1 April 2023 311,500
As at 31 March 2024 311,500
Net Book Value
As at 31 March 2024 311,500
As at 1 April 2023 311,500
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4. Tangible Assets
Plant & Machinery Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 April 2023 133,659 92,013 2,766 228,438
Additions - - 108 108
As at 31 March 2024 133,659 92,013 2,874 228,546
Depreciation
As at 1 April 2023 33,411 17,814 432 51,657
Provided during the period 25,062 18,550 798 44,410
As at 31 March 2024 58,473 36,364 1,230 96,067
Net Book Value
As at 31 March 2024 75,186 55,649 1,644 132,479
As at 1 April 2023 100,248 74,199 2,334 176,781
5. Stocks
2024 2023
£ £
Finished goods 7,613 7,250
6. Debtors
2024 2023
£ £
Due within one year
Prepayments and accrued income 4,834 3,625
Other debtors 35,000 10,000
39,834 13,625
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 19,192 17,087
VAT 4,866 9,041
Accruals and deferred income 1,360 -
Director's loan account 72 85
25,490 26,213
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 211,129 257,640
Other creditors 189,000 249,000
400,129 506,640
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9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 4 4
10. General Information
Keshavraj Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 13738141 . The registered office is 120 Cavendish Place, Eastbourne, BN21 3TZ.
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