Acorah Software Products - Accounts Production 16.0.110 false true 31 May 2023 1 June 2022 false 1 June 2023 31 May 2024 31 May 2024 SC477857 Mrs Sharmistha Musgrave iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure SC477857 2023-05-31 SC477857 2024-05-31 SC477857 2023-06-01 2024-05-31 SC477857 frs-core:CurrentFinancialInstruments 2024-05-31 SC477857 frs-core:ComputerEquipment 2024-05-31 SC477857 frs-core:ComputerEquipment 2023-06-01 2024-05-31 SC477857 frs-core:ComputerEquipment 2023-05-31 SC477857 frs-core:FurnitureFittings 2024-05-31 SC477857 frs-core:FurnitureFittings 2023-06-01 2024-05-31 SC477857 frs-core:FurnitureFittings 2023-05-31 SC477857 frs-core:ShareCapital 2024-05-31 SC477857 frs-core:RetainedEarningsAccumulatedLosses 2024-05-31 SC477857 frs-bus:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 SC477857 frs-bus:FilletedAccounts 2023-06-01 2024-05-31 SC477857 frs-bus:SmallEntities 2023-06-01 2024-05-31 SC477857 frs-bus:AuditExempt-NoAccountantsReport 2023-06-01 2024-05-31 SC477857 frs-bus:SmallCompaniesRegimeForAccounts 2023-06-01 2024-05-31 SC477857 frs-bus:Director1 2023-06-01 2024-05-31 SC477857 frs-countries:Scotland 2023-06-01 2024-05-31 SC477857 2022-05-31 SC477857 2023-05-31 SC477857 2022-06-01 2023-05-31 SC477857 frs-core:CurrentFinancialInstruments 2023-05-31 SC477857 frs-core:ShareCapital 2023-05-31 SC477857 frs-core:RetainedEarningsAccumulatedLosses 2023-05-31
Registered number: SC477857
Avatar Associates Limited
Financial Statements
For The Year Ended 31 May 2024
Murray Accountancy & Tax Services Ltd
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3
Page 1
Balance Sheet
Registered number: SC477857
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 1,136 1,704
1,136 1,704
CURRENT ASSETS
Cash at bank and in hand 8,822 9,890
8,822 9,890
Creditors: Amounts Falling Due Within One Year 5 (1,394 ) (1,094 )
NET CURRENT ASSETS (LIABILITIES) 7,428 8,796
TOTAL ASSETS LESS CURRENT LIABILITIES 8,564 10,500
NET ASSETS 8,564 10,500
CAPITAL AND RESERVES
Called up share capital 6 1,000 1,000
Profit and Loss Account 7,564 9,500
SHAREHOLDERS' FUNDS 8,564 10,500
Page 1
Page 2
For the year ending 31 May 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 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 Sharmistha Musgrave
Director
14/10/2024
The notes on page 3 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Avatar Associates Limited is a private company, limited by shares, incorporated in Scotland, registered number SC477857 . The registered office is Rivendell, Buchanan Castle Estate, Drymen, Glasgow, G63 0HX.
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. 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 25% WDV
Computer Equipment 25% 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 June 2023 3,330 8,396 11,726
As at 31 May 2024 3,330 8,396 11,726
Depreciation
As at 1 June 2023 3,066 6,956 10,022
Provided during the period 88 480 568
As at 31 May 2024 3,154 7,436 10,590
Net Book Value
As at 31 May 2024 176 960 1,136
As at 1 June 2023 264 1,440 1,704
5. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Director's loan account 1,394 1,094
6. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1,000 1,000
Page 3