Acorah Software Products - Accounts Production 15.0.600 false true 30 April 2023 1 May 2022 false 1 May 2023 30 April 2024 30 April 2024 10468796 Viral Joshi iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 10468796 2023-04-30 10468796 2024-04-30 10468796 2023-05-01 2024-04-30 10468796 frs-core:CurrentFinancialInstruments 2024-04-30 10468796 frs-core:Non-currentFinancialInstruments 2024-04-30 10468796 frs-core:ComputerEquipment 2024-04-30 10468796 frs-core:ComputerEquipment 2023-05-01 2024-04-30 10468796 frs-core:ComputerEquipment 2023-04-30 10468796 frs-core:FurnitureFittings 2024-04-30 10468796 frs-core:FurnitureFittings 2023-05-01 2024-04-30 10468796 frs-core:FurnitureFittings 2023-04-30 10468796 frs-core:NetGoodwill 2024-04-30 10468796 frs-core:NetGoodwill 2023-05-01 2024-04-30 10468796 frs-core:NetGoodwill 2023-04-30 10468796 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-04-30 10468796 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-05-01 2024-04-30 10468796 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-04-30 10468796 frs-core:ShareCapital 2024-04-30 10468796 frs-core:RetainedEarningsAccumulatedLosses 2024-04-30 10468796 frs-bus:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 10468796 frs-bus:FilletedAccounts 2023-05-01 2024-04-30 10468796 frs-bus:SmallEntities 2023-05-01 2024-04-30 10468796 frs-bus:AuditExempt-NoAccountantsReport 2023-05-01 2024-04-30 10468796 frs-bus:SmallCompaniesRegimeForAccounts 2023-05-01 2024-04-30 10468796 frs-bus:Director1 2023-05-01 2024-04-30 10468796 frs-countries:EnglandWales 2023-05-01 2024-04-30 10468796 2022-04-30 10468796 2023-04-30 10468796 2022-05-01 2023-04-30 10468796 frs-core:CurrentFinancialInstruments 2023-04-30 10468796 frs-core:Non-currentFinancialInstruments 2023-04-30 10468796 frs-core:ShareCapital 2023-04-30 10468796 frs-core:RetainedEarningsAccumulatedLosses 2023-04-30
Registered number: 10468796
SHREE SAVA LTD
Unaudited Financial Statements
For The Year Ended 30 April 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 10468796
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 44,220 58,965
Tangible Assets 5 9,915 12,878
54,135 71,843
CURRENT ASSETS
Stocks 6 51,698 42,132
Debtors 7 1,805 5,478
Cash at bank and in hand 25,717 23,333
79,220 70,943
Creditors: Amounts Falling Due Within One Year 8 (72,325 ) (95,348 )
NET CURRENT ASSETS (LIABILITIES) 6,895 (24,405 )
TOTAL ASSETS LESS CURRENT LIABILITIES 61,030 47,438
Creditors: Amounts Falling Due After More Than One Year 9 (21,667 ) (31,816 )
NET ASSETS 39,363 15,622
CAPITAL AND RESERVES
Called up share capital 10 100 100
Profit and Loss Account 39,263 15,522
SHAREHOLDERS' FUNDS 39,363 15,622
Page 1
Page 2
For the year ending 30 April 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
Viral Joshi
Director
14/10/2024
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
SHREE SAVA LTD is a private company, limited by shares, incorporated in England & Wales, registered number 10468796 . The registered office is 120 Cavendish Place, Eastbourne, Eastsussex, England, BN21 3TZ.
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. 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.
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:
Leasehold NA
Fixtures & Fittings 25% Reducing Balance
Computer Equipment 33.33% Reducing Balance
2.5. 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.
2.6. 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
Page 3
Page 4
2.6. 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: 6 (2023: 6)
6 6
4. Intangible Assets
Goodwill
£
Cost
As at 1 May 2023 147,450
As at 30 April 2024 147,450
Amortisation
As at 1 May 2023 88,485
Provided during the period 14,745
As at 30 April 2024 103,230
Net Book Value
As at 30 April 2024 44,220
As at 1 May 2023 58,965
5. Tangible Assets
Land & Property
Leasehold Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 May 2023 1 67,989 794 68,784
Additions - - 333 333
As at 30 April 2024 1 67,989 1,127 69,117
Depreciation
As at 1 May 2023 - 55,641 265 55,906
Provided during the period - 3,087 209 3,296
As at 30 April 2024 - 58,728 474 59,202
Net Book Value
As at 30 April 2024 1 9,261 653 9,915
As at 1 May 2023 1 12,348 529 12,878
Page 4
Page 5
6. Stocks
2024 2023
£ £
Finished goods 51,698 42,132
7. Debtors
2024 2023
£ £
Due within one year
Prepayments and accrued income 1,055 1,517
Other debtors 750 3,961
1,805 5,478
8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 6,131 43,141
Corporation tax 12,509 24,976
Other taxes and social security 763 1,840
VAT 4,345 1,016
Net wages 6,894 6,131
Other creditors 15,731 5,690
Accruals and deferred income 531 1,500
Director's loan account 25,421 11,054
72,325 95,348
9. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 21,667 31,816
10. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
Page 5