Acorah Software Products - Accounts Production 15.0.600 false true 28 April 2023 1 May 2022 false 29 April 2023 28 April 2024 28 April 2024 08991171 Mr Amar Ali Mr Joe Thai-Duy Dinh iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 08991171 2023-04-28 08991171 2024-04-28 08991171 2023-04-29 2024-04-28 08991171 frs-core:CurrentFinancialInstruments 2024-04-28 08991171 frs-core:ComputerEquipment 2023-04-29 2024-04-28 08991171 frs-core:PlantMachinery 2023-04-29 2024-04-28 08991171 frs-core:ShareCapital 2024-04-28 08991171 frs-core:RetainedEarningsAccumulatedLosses 2024-04-28 08991171 frs-bus:PrivateLimitedCompanyLtd 2023-04-29 2024-04-28 08991171 frs-bus:FilletedAccounts 2023-04-29 2024-04-28 08991171 frs-bus:SmallEntities 2023-04-29 2024-04-28 08991171 frs-bus:AuditExempt-NoAccountantsReport 2023-04-29 2024-04-28 08991171 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-29 2024-04-28 08991171 frs-bus:Director1 2023-04-29 2024-04-28 08991171 frs-bus:Director2 2023-04-29 2024-04-28 08991171 frs-countries:EnglandWales 2023-04-29 2024-04-28 08991171 2022-04-30 08991171 2023-04-28 08991171 2022-05-01 2023-04-28 08991171 frs-core:CurrentFinancialInstruments 2023-04-28 08991171 frs-core:ShareCapital 2023-04-28 08991171 frs-core:RetainedEarningsAccumulatedLosses 2023-04-28
Registered number: 08991171
REISS EDWARDS LIMITED
Unaudited Financial Statements
For The Year Ended 28 April 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 08991171
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 5,375 6,698
5,375 6,698
CURRENT ASSETS
Debtors 4 88,128 103,141
Cash at bank and in hand 2,028,506 1,184,690
2,116,634 1,287,831
Creditors: Amounts Falling Due Within One Year 5 (1,257,170 ) (626,136 )
NET CURRENT ASSETS (LIABILITIES) 859,464 661,695
TOTAL ASSETS LESS CURRENT LIABILITIES 864,839 668,393
NET ASSETS 864,839 668,393
CAPITAL AND RESERVES
Called up share capital 6 100 100
Profit and Loss Account 864,739 668,293
SHAREHOLDERS' FUNDS 864,839 668,393
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For the year ending 28 April 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 Amar Ali
Director
04/09/2024
The notes on pages 3 to 4 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
REISS EDWARDS LIMITED is a private company, limited by shares, incorporated in England & Wales, registered number 08991171 . The registered office is Reiss Edwards Ltd St Magnus House, , 3 Lower Thames Street,, London, England, EC3R 6HD.
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.
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 33% Straight Line Method
Computer Equipment 33% Straight Line Method
2.4. Financial Instruments
Basic financial instruments are recognised at amortised cost, except for investments in non­convertible preference and non­puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initialy recorded at cost and thereafter at fair value with changes recognised in profit or loss.
2.5. 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 year 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.
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 asset reflects 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.
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2.6. Government Grant
Government grants are recognised in the profit and loss account in an appropriate manner that matches them with the expenditure towards which they are intended to contribute.
Grants for immediate financial support or to cover costs already incurred are recognised immediately in the profit and loss account. Grants towards general activities of the entity over a specific period are recognised in the profit and loss account over that period.
Grants towards fixed assets are recognised over the expected useful lives of the related assets and are treated as deferred income and released to the profit and loss account over the useful life of the asset concerned.
All grants in the profit and loss account are recognised when all conditions for receipt have been complied with.
2.7. Critical accounting judgements and key sources of estimation uncertainty
In the application of the Company's accounting policies, the directors are required to make judgments, estimates and assumptions about the carrying amounts of assets and liabilities that are not readily apparent from other sources.

The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods.

The Directors do not consider there are any critical judgments or sources of estimation uncertainty requiring disclosure beyond the accounting policies listed below.
3. Average Number of Employees
Average number of employees, including directors, during the year were. 17 (2023: 19)
17 19
4. Debtors
2024 2023
£ £
Due within one year
Trade debtors 25,987 10,900
Other debtors 62,141 92,241
88,128 103,141
5. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 39,902 -
Bank loans and overdrafts 112 -
Other creditors 1,033,859 523,994
Taxation and social security 183,297 102,142
1,257,170 626,136
6. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
7. Related Party Transactions
The company was controlled throughout the current period by Mr Amar Ali by virtue of his ownership of the entire issued share capital.
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