Acorah Software Products - Accounts Production 14.6.300 false true true 31 January 2023 31 January 2022 false 1 February 2023 31 December 2023 31 December 2023 SC721477 Mr Alexander Hammer Mr Marcus Ng Dr Ahmed Salah Mohamed Ismail Goodwille Limited iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure SC721477 2023-01-31 SC721477 2023-12-31 SC721477 2023-02-01 2023-12-31 SC721477 frs-core:CurrentFinancialInstruments 2023-12-31 SC721477 frs-core:ComputerEquipment 2023-12-31 SC721477 frs-core:ComputerEquipment 2023-02-01 2023-12-31 SC721477 frs-core:ComputerEquipment 2023-01-31 SC721477 frs-core:PlantMachinery 2023-12-31 SC721477 frs-core:PlantMachinery 2023-02-01 2023-12-31 SC721477 frs-core:PlantMachinery 2023-01-31 SC721477 frs-core:ShareCapital 2023-12-31 SC721477 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 SC721477 frs-bus:PrivateLimitedCompanyLtd 2023-02-01 2023-12-31 SC721477 frs-bus:FilletedAccounts 2023-02-01 2023-12-31 SC721477 frs-bus:SmallEntities 2023-02-01 2023-12-31 SC721477 frs-bus:AuditExempt-NoAccountantsReport 2023-02-01 2023-12-31 SC721477 frs-bus:SmallCompaniesRegimeForAccounts 2023-02-01 2023-12-31 SC721477 frs-bus:Director1 2023-02-01 2023-12-31 SC721477 frs-bus:Director2 2023-02-01 2023-12-31 SC721477 frs-bus:Director3 2023-02-01 2023-12-31 SC721477 frs-bus:CompanySecretary1 2023-02-01 2023-12-31 SC721477 frs-countries:Scotland 2023-02-01 2023-12-31 SC721477 2022-01-30 SC721477 2023-01-31 SC721477 2022-01-31 2023-01-31 SC721477 frs-core:CurrentFinancialInstruments 2023-01-31 SC721477 frs-core:ShareCapital 2023-01-31 SC721477 frs-core:RetainedEarningsAccumulatedLosses 2023-01-31
Registered number: SC721477
Dunia Innovations Ltd
Unaudited Financial Statements
For the Period 1 February 2023 to 31 December 2023
Goodwille Limited
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: SC721477
31 December 2023 31 January 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 15,348 -
15,348 -
CURRENT ASSETS
Debtors 5 100 1,831
Cash at bank and in hand 37,991 3,218
38,091 5,049
Creditors: Amounts Falling Due Within One Year 6 (44,038 ) (4,668 )
NET CURRENT ASSETS (LIABILITIES) (5,947 ) 381
TOTAL ASSETS LESS CURRENT LIABILITIES 9,401 381
NET ASSETS 9,401 381
CAPITAL AND RESERVES
Called up share capital 7 100 100
Profit and Loss Account 9,301 281
SHAREHOLDERS' FUNDS 9,401 381
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For the period ending 31 December 2023 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
Dr Ahmed Salah Mohamed Ismail
Director
30/10/2024
The notes on pages 3 to 5 form part of these financial statements.
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Page 3
Notes to the Financial Statements
1. General Information
Dunia Innovations Ltd is a private company, limited by shares, incorporated in Scotland, registered number SC721477 . The registered office is 272 Bath Street, Glasgow, G2 4JR.
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. Significant judgements and estimations
The preparation of the financial statements requires management to make judgements, estimates, and assumptions that affect the amounts reported for assets and liabilities as at the balance sheet date and the amounts reported for revenues and expenses during the year. However, the nature of estimation means that actual outcomes could differ from those estimates. In the Director's opinion there are no significant judgements or key sources of estimation uncertainty.
2.4. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes.
Grant Income 
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.
2.5. 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 20% straight line
Computer Equipment 33% straight line
2.6. Financial Instruments
The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.
Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in profit or loss.
Financial assets and liabilities are offset and the net amount reported in the Balance Sheet when there is an 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. 
2.7. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
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2.8. Taxation
Income tax expense represents the sum of the tax currently payable.
The tax charge for the year is £nil. The company has carried forward tax losses amounting to £6,696, which can be offset against future taxable profits. Taxable profit differs from profit as reported in the profit and loss account because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible.
2.9. Debtors
Basic financial assets, including trade and other debtors, are intially recognised at transaction price, 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. Such assets are subsequently carried at amortised cost using the effective interest method, less any impairment.
2.10. Cash and cash equivalents
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.
2.11. Creditors
Basic financial liabilities, including trade and other creditors, loans from third parties and loans from related parties, 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. Such instruments are subsequently carried at amortised cost using the effective interest method, less any impairment.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if the Company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
2.11. Share Capital
Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.
2.12. Change in Reporting Period and Impact on Comparability
The Company has shortened its financial reporting period to 31 December 2023, now covering the eleven months from January 2023 to December 2023. This change in reporting period affects the comparability of financial information for the current period against prior reporting periods given the prior year’s financial statements covered a full twelve months.
3. Average Number of Employees
Average number of employees, including directors, during the year was as follows: NIL (2023: NIL)
- -
4. Tangible Assets
Plant & Machinery Computer Equipment Total
£ £ £
Cost
As at 1 February 2023 - - -
Additions 10,576 6,922 17,498
As at 31 December 2023 10,576 6,922 17,498
Depreciation
As at 1 February 2023 - - -
Provided during the period 420 1,730 2,150
As at 31 December 2023 420 1,730 2,150
...CONTINUED
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Net Book Value
As at 31 December 2023 10,156 5,192 15,348
As at 1 February 2023 - - -
5. Debtors
31 December 2023 31 January 2023
£ £
Due within one year
Prepayments and accrued income - 1,210
Called up share capital not paid 100 100
Amounts owed by group undertakings - 521
100 1,831
6. Creditors: Amounts Falling Due Within One Year
31 December 2023 31 January 2023
£ £
Trade creditors 3,318 2,548
Corporation tax 70 70
Accruals and deferred income 2,460 2,050
Amounts owed to group undertakings 38,190 -
44,038 4,668
7. Share Capital
31 December 2023 31 January 2023
£ £
Called Up Share Capital not Paid 100 100
Amount of Allotted, Called Up Share Capital 100 100
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