Acorah Software Products - Accounts Production 15.0.600 false true 31 October 2022 1 November 2021 false 1 November 2022 31 October 2023 31 October 2023 12236319 Mrs Vanamala Acha Mrs Vanamala Acha iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 12236319 2022-10-31 12236319 2023-10-31 12236319 2022-11-01 2023-10-31 12236319 frs-core:CurrentFinancialInstruments 2023-10-31 12236319 frs-core:Non-currentFinancialInstruments 2023-10-31 12236319 frs-core:ShareCapital 2023-10-31 12236319 frs-core:RetainedEarningsAccumulatedLosses 2023-10-31 12236319 frs-bus:PrivateLimitedCompanyLtd 2022-11-01 2023-10-31 12236319 frs-bus:FilletedAccounts 2022-11-01 2023-10-31 12236319 frs-bus:SmallEntities 2022-11-01 2023-10-31 12236319 frs-bus:AuditExempt-NoAccountantsReport 2022-11-01 2023-10-31 12236319 frs-bus:SmallCompaniesRegimeForAccounts 2022-11-01 2023-10-31 12236319 frs-bus:Director1 2022-11-01 2023-10-31 12236319 frs-bus:CompanySecretary1 2022-11-01 2023-10-31 12236319 frs-countries:EnglandWales 2022-11-01 2023-10-31 12236319 2021-10-31 12236319 2022-10-31 12236319 2021-11-01 2022-10-31 12236319 frs-core:CurrentFinancialInstruments 2022-10-31 12236319 frs-core:Non-currentFinancialInstruments 2022-10-31 12236319 frs-core:ShareCapital 2022-10-31 12236319 frs-core:RetainedEarningsAccumulatedLosses 2022-10-31
Registered number: 12236319
Suvango Technology Ltd
Unaudited Financial Statements
For The Year Ended 31 October 2023
SKZ Chartered Certified Accountants
Chartered Certified Accountants
Unit 1,Kataria Point,
1 Riches Road,
Ilford
Essex
IG1 1JH
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—3
Page 1
Balance Sheet
Registered number: 12236319
2023 2022
Notes £ £ £ £
CURRENT ASSETS
Debtors 4 23,765 71,550
Cash at bank and in hand 6,176 1,722
29,941 73,272
Creditors: Amounts Falling Due Within One Year 5 (31,211 ) (49,385 )
NET CURRENT ASSETS (LIABILITIES) (1,270 ) 23,887
TOTAL ASSETS LESS CURRENT LIABILITIES (1,270 ) 23,887
Creditors: Amounts Falling Due After More Than One Year 6 (23,224 ) (24,000 )
NET LIABILITIES (24,494 ) (113 )
CAPITAL AND RESERVES
Called up share capital 7 1 1
Profit and Loss Account (24,495 ) (114 )
SHAREHOLDERS' FUNDS (24,494) (113)
For the year ending 31 October 2023 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 her 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
Mrs Vanamala Acha
Director
20/09/2024
The notes on pages 2 to 3 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
Suvango Technology Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 12236319 . The registered office is 88 Cleves Road, London, E6 1QG.
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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2022: 1)
1 1
4. Debtors
2023 2022
£ £
Due within one year
Corporation tax recoverable assets 5,997 17,550
Director's loan account 17,768 54,000
23,765 71,550
5. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Corporation tax 12,866 30,632
VAT 17,171 17,171
Interest Payable - 644
Accruals and deferred income 1,174 938
31,211 49,385
6. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Bank loans 23,224 24,000
Page 2
Page 3
7. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 1 1
Page 3