Acorah Software Products - Accounts Production 16.0.110 false true 30 June 2023 1 July 2022 false 1 July 2023 30 June 2024 30 June 2024 07294084 Dr Alif Moosajee iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 07294084 2023-06-30 07294084 2024-06-30 07294084 2023-07-01 2024-06-30 07294084 frs-core:CurrentFinancialInstruments 2024-06-30 07294084 frs-core:Non-currentFinancialInstruments 2024-06-30 07294084 frs-core:ComputerEquipment 2024-06-30 07294084 frs-core:ComputerEquipment 2023-07-01 2024-06-30 07294084 frs-core:ComputerEquipment 2023-06-30 07294084 frs-core:FurnitureFittings 2024-06-30 07294084 frs-core:FurnitureFittings 2023-07-01 2024-06-30 07294084 frs-core:FurnitureFittings 2023-06-30 07294084 frs-core:NetGoodwill 2024-06-30 07294084 frs-core:NetGoodwill 2023-07-01 2024-06-30 07294084 frs-core:NetGoodwill 2023-06-30 07294084 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-06-30 07294084 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-07-01 2024-06-30 07294084 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-06-30 07294084 frs-core:PlantMachinery 2024-06-30 07294084 frs-core:PlantMachinery 2023-07-01 2024-06-30 07294084 frs-core:PlantMachinery 2023-06-30 07294084 frs-core:ShareCapital 2024-06-30 07294084 frs-core:RetainedEarningsAccumulatedLosses 2024-06-30 07294084 frs-bus:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 07294084 frs-bus:FilletedAccounts 2023-07-01 2024-06-30 07294084 frs-bus:SmallEntities 2023-07-01 2024-06-30 07294084 frs-bus:AuditExempt-NoAccountantsReport 2023-07-01 2024-06-30 07294084 frs-bus:SmallCompaniesRegimeForAccounts 2023-07-01 2024-06-30 07294084 frs-bus:Director1 2023-07-01 2024-06-30 07294084 frs-countries:EnglandWales 2023-07-01 2024-06-30 07294084 2022-06-30 07294084 2023-06-30 07294084 2022-07-01 2023-06-30 07294084 frs-core:CurrentFinancialInstruments 2023-06-30 07294084 frs-core:Non-currentFinancialInstruments 2023-06-30 07294084 frs-core:ShareCapital 2023-06-30 07294084 frs-core:RetainedEarningsAccumulatedLosses 2023-06-30
Registered number: 07294084
Alif Moosajee Limited
Unaudited Financial Statements
For The Year Ended 30 June 2024
Ortu Advisors Ltd
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 07294084
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 4,831 64,831
Tangible Assets 5 349,175 392,696
354,006 457,527
CURRENT ASSETS
Stocks 6 10,000 10,000
Debtors 7 578,939 521,447
Cash at bank and in hand 285,006 341,840
873,945 873,287
Creditors: Amounts Falling Due Within One Year 8 (241,678 ) (206,281 )
NET CURRENT ASSETS (LIABILITIES) 632,267 667,006
TOTAL ASSETS LESS CURRENT LIABILITIES 986,273 1,124,533
Creditors: Amounts Falling Due After More Than One Year 9 (108,268 ) (154,425 )
NET ASSETS 878,005 970,108
CAPITAL AND RESERVES
Called up share capital 10 2 2
Profit and Loss Account 878,003 970,106
SHAREHOLDERS' FUNDS 878,005 970,108
Page 1
Page 2
For the year ending 30 June 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
Dr Alif Moosajee
Director
19/09/2024
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Alif Moosajee Limited is a private company, limited by shares, incorporated in England & Wales, registered number 07294084 . The registered office is Oakdale Dental , 23 Fosse Road Central , Leicester, Leicestershire, LE3 5PU.
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.
2.3. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of .... years.
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:
Leasehold None
Plant & Machinery 20% Reducing balance
Fixtures & Fittings 20% Reducing balance
Computer Equipment 20% Reducing balance
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. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.6. 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 years 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.
...CONTINUED
Page 3
Page 4
2.6. Taxation - continued
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 assets reflect 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 15 (2023: 15)
15 15
4. Intangible Assets
Goodwill
£
Cost
As at 1 July 2023 604,831
As at 30 June 2024 604,831
Amortisation
As at 1 July 2023 540,000
Provided during the period 60,000
As at 30 June 2024 600,000
Net Book Value
As at 30 June 2024 4,831
As at 1 July 2023 64,831
5. Tangible Assets
Land & Property
Leasehold Plant & Machinery Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 July 2023 62,787 249,951 385,605 - 698,343
Additions - - 24,189 3,887 28,076
As at 30 June 2024 62,787 249,951 409,794 3,887 726,419
Depreciation
As at 1 July 2023 - 169,950 135,697 - 305,647
Provided during the period - 16,000 54,820 777 71,597
As at 30 June 2024 - 185,950 190,517 777 377,244
Net Book Value
As at 30 June 2024 62,787 64,001 219,277 3,110 349,175
As at 1 July 2023 62,787 80,001 249,908 - 392,696
Page 4
Page 5
6. Stocks
2024 2023
£ £
Stock 10,000 10,000
7. Debtors
2024 2023
£ £
Due within one year
Trade debtors 12,342 12,342
Other debtors 566,597 509,105
578,939 521,447
8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 19,845 19,845
Bank loans and overdrafts 69,057 89,773
Corporation tax 22,315 -
Other taxes and social security 53 15,437
Other creditors 130,408 81,226
241,678 206,281
9. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 108,268 154,425
10. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 2 2
Page 5