Acorah Software Products - Accounts Production 15.0.600 false true true 31 January 2023 1 February 2022 false 1 February 2023 31 January 2024 31 January 2024 09392676 Mr Pritesh Desai iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 09392676 2023-01-31 09392676 2024-01-31 09392676 2023-02-01 2024-01-31 09392676 frs-core:CurrentFinancialInstruments 2024-01-31 09392676 frs-core:ComputerEquipment 2024-01-31 09392676 frs-core:ComputerEquipment 2023-02-01 2024-01-31 09392676 frs-core:ComputerEquipment 2023-01-31 09392676 frs-core:FurnitureFittings 2024-01-31 09392676 frs-core:FurnitureFittings 2023-02-01 2024-01-31 09392676 frs-core:FurnitureFittings 2023-01-31 09392676 frs-core:RevaluationReserve 2023-01-31 09392676 frs-core:RevaluationReserve 2024-01-31 09392676 frs-core:ShareCapital 2024-01-31 09392676 frs-core:RetainedEarningsAccumulatedLosses 2024-01-31 09392676 frs-bus:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 09392676 frs-bus:FilletedAccounts 2023-02-01 2024-01-31 09392676 frs-bus:SmallEntities 2023-02-01 2024-01-31 09392676 frs-bus:AuditExempt-NoAccountantsReport 2023-02-01 2024-01-31 09392676 frs-bus:SmallCompaniesRegimeForAccounts 2023-02-01 2024-01-31 09392676 frs-core:CostValuation 2023-01-31 09392676 frs-core:CostValuation 2024-01-31 09392676 frs-core:ProvisionsForImpairmentInvestments 2023-01-31 09392676 frs-core:ProvisionsForImpairmentInvestments 2024-01-31 09392676 frs-bus:Director1 2023-02-01 2024-01-31 09392676 frs-core:CurrentFinancialInstruments 1 2024-01-31 09392676 frs-countries:EnglandWales 2023-02-01 2024-01-31 09392676 2022-01-31 09392676 2023-01-31 09392676 2022-02-01 2023-01-31 09392676 frs-core:CurrentFinancialInstruments 2023-01-31 09392676 frs-core:RevaluationReserve 2023-01-31 09392676 frs-core:ShareCapital 2023-01-31 09392676 frs-core:RetainedEarningsAccumulatedLosses 2023-01-31 09392676 frs-core:CurrentFinancialInstruments 1 2023-01-31
Registered number: 09392676
Oakbridge Consulting Limited
Financial Statements
For The Year Ended 31 January 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 09392676
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 6,612 8,264
Investments 5 50,000 50,000
56,612 58,264
CURRENT ASSETS
Debtors 6 56,777 39,809
Cash at bank and in hand - 459
56,777 40,268
Creditors: Amounts Falling Due Within One Year 7 (88,042 ) (47,005 )
NET CURRENT ASSETS (LIABILITIES) (31,265 ) (6,737 )
TOTAL ASSETS LESS CURRENT LIABILITIES 25,347 51,527
NET ASSETS 25,347 51,527
CAPITAL AND RESERVES
Called up share capital 8 100 100
Revaluation reserve 9 50,000 50,000
Profit and Loss Account (24,753 ) 1,427
SHAREHOLDERS' FUNDS 25,347 51,527
Page 1
Page 2
For the year ending 31 January 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 Pritesh Desai
Director
28/10/2024
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
Oakbridge Consulting Limited is a private company, limited by shares, incorporated in England & Wales, registered number 09392676 . The registered office is The Apex, 2 Sheriffs Orchard, Coventry, CV1 3PP.
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. Going Concern Disclosure
The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.
2.3. 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.
2.4. 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 20% WDV
Computer Equipment 20% WDV
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2023: 1)
1 1
4. Tangible Assets
Fixtures & Fittings Computer Equipment Total
£ £ £
Cost
As at 1 February 2023 10,239 533 10,772
As at 31 January 2024 10,239 533 10,772
Depreciation
As at 1 February 2023 2,199 309 2,508
Provided during the period 1,608 44 1,652
As at 31 January 2024 3,807 353 4,160
Net Book Value
As at 31 January 2024 6,432 180 6,612
As at 1 February 2023 8,040 224 8,264
Page 3
Page 4
5. Investments
Other
£
Cost
As at 1 February 2023 50,000
As at 31 January 2024 50,000
Provision
As at 1 February 2023 -
As at 31 January 2024 -
Net Book Value
As at 31 January 2024 50,000
As at 1 February 2023 50,000
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 38,980 38,980
Other debtors 829 829
FC Loan 16,968 -
56,777 39,809
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 32,400 32,398
Bank loans and overdrafts 42,274 -
VAT 5,575 5,575
Other creditors 7,761 9,000
Director's loan account 32 32
88,042 47,005
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
9. Reserves
Revaluation Reserve
£
As at 1 February 2023 50,000
As at 31 January 2024 50,000
Page 4