Acorah Software Products - Accounts Production 16.0.110 false true 28 February 2023 1 March 2022 false 1 March 2023 28 February 2024 28 February 2024 11219985 Mr Anwarul Momen Mrs Najma Momen iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 11219985 2023-02-28 11219985 2024-02-28 11219985 2023-03-01 2024-02-28 11219985 frs-core:CurrentFinancialInstruments 2024-02-28 11219985 frs-core:Non-currentFinancialInstruments 2024-02-28 11219985 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2024-02-28 11219985 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-02-28 11219985 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-02-28 11219985 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-03-01 2024-02-28 11219985 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-02-28 11219985 frs-core:ShareCapital 2024-02-28 11219985 frs-core:RetainedEarningsAccumulatedLosses 2024-02-28 11219985 frs-bus:PrivateLimitedCompanyLtd 2023-03-01 2024-02-28 11219985 frs-bus:FilletedAccounts 2023-03-01 2024-02-28 11219985 frs-bus:SmallEntities 2023-03-01 2024-02-28 11219985 frs-bus:AuditExempt-NoAccountantsReport 2023-03-01 2024-02-28 11219985 frs-bus:SmallCompaniesRegimeForAccounts 2023-03-01 2024-02-28 11219985 frs-bus:Director1 2023-03-01 2024-02-28 11219985 frs-bus:Director2 2023-03-01 2024-02-28 11219985 frs-countries:EnglandWales 2023-03-01 2024-02-28 11219985 2022-02-28 11219985 2023-02-28 11219985 2022-03-01 2023-02-28 11219985 frs-core:CurrentFinancialInstruments 2023-02-28 11219985 frs-core:Non-currentFinancialInstruments 2023-02-28 11219985 frs-core:ShareCapital 2023-02-28 11219985 frs-core:RetainedEarningsAccumulatedLosses 2023-02-28
Registered number: 11219985
NILOY LTD
Unaudited Financial Statements
For The Year Ended 28 February 2024
Solid Rock Accountancy Ltd
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 11219985
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 15,000 15,000
Tangible Assets 5 453,440 253,440
468,440 268,440
CURRENT ASSETS
Cash at bank and in hand 11,815 111,078
11,815 111,078
Creditors: Amounts Falling Due Within One Year 6 (815 ) (755 )
NET CURRENT ASSETS (LIABILITIES) 11,000 110,323
TOTAL ASSETS LESS CURRENT LIABILITIES 479,440 378,763
Creditors: Amounts Falling Due After More Than One Year 7 (773,005 ) (597,629 )
NET LIABILITIES (293,565 ) (218,866 )
CAPITAL AND RESERVES
Called up share capital 8 100 100
Profit and Loss Account (293,665 ) (218,966 )
SHAREHOLDERS' FUNDS (293,565) (218,866)
Page 1
Page 2
For the year ending 28 February 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 Profit and Loss Account.
On behalf of the board
Mr Anwarul Momen
Director
23/10/2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
NILOY LTD is a private company, limited by shares, incorporated in England & Wales, registered number 11219985 . The registered office is 6 The Avenue, Moulton, Northampton, NN3 7TL.
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. Research and Development
In the research phase of an internal project it is not possible to demonstrate that the project will generate future economic benefits and hence all expenditure on research is recognised as an expense when it is incurred. Intangible assets are recognised from the development phase of a project if and only if certain specific criteria are met in order to demonstrate the asset will generate probable future economic benefits and that its cost can be reliably measured. The capitalised development costs are subsequently amortised to ... on a straight line basis over their expected useful economic lives, which range from ... to ... years.
If it is not possible to distinguish between the research phase and the development phase of an internal project the expenditure is treated as if it were all incurred in the research phase only.
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:
Freehold 0%
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 2)
2 2
4. Intangible Assets
Development Costs
£
Cost
As at 1 March 2023 15,000
As at 28 February 2024 15,000
Net Book Value
As at 28 February 2024 15,000
As at 1 March 2023 15,000
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Page 4
5. Tangible Assets
Land & Property
Freehold
£
Cost
As at 1 March 2023 253,440
Additions 200,000
As at 28 February 2024 453,440
Net Book Value
As at 28 February 2024 453,440
As at 1 March 2023 253,440
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 35 35
Accruals and deferred income 780 720
815 755
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 603,115 452,783
Directors loan account 114,890 89,846
BTC Limited 55,000 55,000
773,005 597,629
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
Page 4