Acorah Software Products - Accounts Production 15.0.600 false true 31 January 2023 1 February 2022 false 1 February 2023 31 January 2024 31 January 2024 10576577 Mr M A Zaffar Mrs S Zaffar Mr M A Zaffar & Mrs S Zaffar true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 10576577 2023-01-31 10576577 2024-01-31 10576577 2023-02-01 2024-01-31 10576577 frs-core:CurrentFinancialInstruments 2024-01-31 10576577 frs-core:Non-currentFinancialInstruments 2024-01-31 10576577 frs-core:FurnitureFittings 2024-01-31 10576577 frs-core:FurnitureFittings 2023-02-01 2024-01-31 10576577 frs-core:FurnitureFittings 2023-01-31 10576577 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-01-31 10576577 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-02-01 2024-01-31 10576577 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-01-31 10576577 frs-core:PlantMachinery 2024-01-31 10576577 frs-core:PlantMachinery 2023-02-01 2024-01-31 10576577 frs-core:PlantMachinery 2023-01-31 10576577 frs-core:OtherReservesSubtotal 2024-01-31 10576577 frs-core:ShareCapital 2024-01-31 10576577 frs-core:RetainedEarningsAccumulatedLosses 2024-01-31 10576577 frs-bus:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 10576577 frs-bus:FilletedAccounts 2023-02-01 2024-01-31 10576577 frs-bus:SmallEntities 2023-02-01 2024-01-31 10576577 frs-bus:AuditExempt-NoAccountantsReport 2023-02-01 2024-01-31 10576577 frs-bus:SmallCompaniesRegimeForAccounts 2023-02-01 2024-01-31 10576577 1 2023-02-01 2024-01-31 10576577 frs-core:DeferredTaxation 2023-02-01 2024-01-31 10576577 frs-core:DeferredTaxation 2023-01-31 10576577 frs-core:DeferredTaxation 2024-01-31 10576577 frs-bus:Director1 2023-02-01 2024-01-31 10576577 frs-bus:Director2 2023-02-01 2024-01-31 10576577 frs-countries:EnglandWales 2023-02-01 2024-01-31 10576577 2022-01-31 10576577 2023-01-31 10576577 2022-02-01 2023-01-31 10576577 frs-core:CurrentFinancialInstruments 2023-01-31 10576577 frs-core:Non-currentFinancialInstruments 2023-01-31 10576577 frs-core:OtherReservesSubtotal 2023-01-31 10576577 frs-core:ShareCapital 2023-01-31 10576577 frs-core:RetainedEarningsAccumulatedLosses 2023-01-31
Registered number: 10576577
A & Z ENTERPRISE LTD
Unaudited Financial Statements
For The Year Ended 31 January 2024
Contents
Page
Statement of Financial Position 1—2
Notes to the Financial Statements 3—6
Page 1
Statement of Financial Position
Registered number: 10576577
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 349,141 345,992
Investment Properties 5 1,763,000 1,703,200
2,112,141 2,049,192
CURRENT ASSETS
Stocks 6 90,423 57,000
Debtors 7 5,090 6,500
Cash at bank and in hand 26,381 7,883
121,894 71,383
Creditors: Amounts Falling Due Within One Year 8 (33,747 ) (31,451 )
NET CURRENT ASSETS (LIABILITIES) 88,147 39,932
TOTAL ASSETS LESS CURRENT LIABILITIES 2,200,288 2,089,124
Creditors: Amounts Falling Due After More Than One Year 9 (1,847,829 ) (1,794,083 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (59,711 ) (54,349 )
NET ASSETS 292,748 240,692
CAPITAL AND RESERVES
Called up share capital 12 100 100
Other reserves 366,903 307,103
Income Statement (74,255 ) (66,511 )
SHAREHOLDERS' FUNDS 292,748 240,692
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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 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 Income Statement.
On behalf of the board
Mr M A Zaffar
Director
Mrs S Zaffar
Director
27/09/2024
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
A & Z ENTERPRISE LTD is a private company, limited by shares, incorporated in England & Wales, registered number 10576577 . The registered office is Ferguson House, 113 Cranbrook Road, Ilford, Essex, IG1 4PU.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.

The financial statements are prepared in sterling , which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.
2.2. Turnover
Turnover is recognised to the extent that is is probable that the economic benefits will flow to the company and the revenue can be reliably measured. Turnover is measured as the fair value of the rents and fees receivable.



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:
Freehold 1% p.a. straight line
Plant & Machinery 20% p.a. reducing balance
Fixtures & Fittings 20% p.a. reducing balance
2.4. Investment Properties
Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at the reporting end date. The surplus or deficit on revaluation is recognised in income statement. Where fair value cannot be achieved without undue cost or effort, investment property is accounted for as tangible fixed assets. No depreciation is provided for.



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.

2.6. Financial Instruments
The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's statement of financial position when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities
...CONTINUED
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2.6. Financial Instruments - continued
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities
Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Equity Instrument
Equity instruments issued by the company are recorded at the proceeds received, net of direct issue costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

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 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.
2.8. Impairment of fixed assets
At each reporting period end date, the company reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

Recoverable amount is the higher of fair value less costs to sell and value in use. In assessing value in use, the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset for which the estimates of future cash flows have not been adjusted.

If the recoverable amount of an asset (or cash-generating unit) is estimated to be less than its carrying amount, the carrying amount of the asset (or cash-generating unit) is reduced to its recoverable amount. An impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the impairment loss is treated as a revaluation decrease.

Recognised impairment losses are reversed if, and only if, the reasons for the impairment loss have ceased to apply. Where an impairment loss subsequently reverses, the carrying amount of the asset (or cash-generating unit) is increased to the revised estimate of its recoverable amount, but so that the increased carrying amount does not exceed the carrying amount that would have been determined had no impairment loss been recognised for the asset (or cash-generating unit) in prior years. A reversal of an impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the reversal of the impairment loss is treated as a revaluation increase.

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3. Average Number of Employees
Average number of employees, including directors, during the year was: 3 (2023: 3)
3 3
4. Tangible Assets
Land & Property
Freehold Plant & Machinery Fixtures & Fittings Total
£ £ £ £
Cost or Valuation
As at 1 February 2023 304,883 53,803 21,178 379,864
Additions - 11,618 7,930 19,548
As at 31 January 2024 304,883 65,421 29,108 399,412
Depreciation
As at 1 February 2023 6,098 19,369 8,405 33,872
Provided during the period 3,049 9,210 4,140 16,399
As at 31 January 2024 9,147 28,579 12,545 50,271
Net Book Value
As at 31 January 2024 295,736 36,842 16,563 349,141
As at 1 February 2023 298,785 34,434 12,773 345,992
5. Investment Property
2024
£
Fair Value
As at 1 February 2023 1,703,200
Revaluations 59,800
As at 31 January 2024 1,763,000
The fair value of the investment property has been arrived at on the basis of a valuation carried out at 31 January 2024 by the directors. The valuation was made on an open market value basis by reference to market evidence of transaction prices for similar properties.
6. Stocks
2024 2023
£ £
Finished goods 90,423 57,000
7. Debtors
2024 2023
£ £
Due within one year
Other debtors 5,090 6,500
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8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 6,994 5,307
Bank loans and overdrafts 11,383 11,383
Other creditors 15,018 14,401
Taxation and social security 352 360
33,747 31,451
9. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 1,046,587 1,058,984
Other creditors (Long term liabilities - creditors > 1 year) 301,242 235,099
Directors loan account 500,000 500,000
1,847,829 1,794,083
10. Secured Creditors
Of the creditors the following amounts are secured.
2024 2023
£ £
Bank loans and overdrafts 1,046,587 1,058,984
Other Creditors 542,000 542,000
11. Provisions for Liabilities
Deferred Tax Total
£ £
As at 1 February 2023 54,349 54,349
Additions 5,362 5,362
Balance at 31 January 2024 59,711 59,711
12. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
13. Related Party Transactions
At balance sheet date, Mr M A Zaffar, a director of the company, was owed £250,000 (2023 - £250,000) by A & Z Enterprise Ltd. At balance sheet date, Mrs S Zaffar, a director of the company, was owed £250,000 (2023 - £250,000) by A & Z Enterprise Ltd.
14. Ultimate Controlling Party
The company's ultimate controlling party is Mr M A Zaffar & Mrs S Zaffar by virtue of their ownership of the issued share capital in the company.
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