Acorah Software Products - Accounts Production 16.0.110 false true 28 February 2023 1 March 2022 false 1 March 2023 29 February 2024 29 February 2024 07962977 Mr Atif Malik iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 07962977 2023-02-28 07962977 2024-02-29 07962977 2023-03-01 2024-02-29 07962977 frs-core:CurrentFinancialInstruments 2024-02-29 07962977 frs-core:Non-currentFinancialInstruments 2024-02-29 07962977 frs-core:ShareCapital 2024-02-29 07962977 frs-core:RetainedEarningsAccumulatedLosses 2024-02-29 07962977 frs-bus:PrivateLimitedCompanyLtd 2023-03-01 2024-02-29 07962977 frs-bus:FilletedAccounts 2023-03-01 2024-02-29 07962977 frs-bus:SmallEntities 2023-03-01 2024-02-29 07962977 frs-bus:AuditExempt-NoAccountantsReport 2023-03-01 2024-02-29 07962977 frs-bus:SmallCompaniesRegimeForAccounts 2023-03-01 2024-02-29 07962977 frs-bus:Director1 2023-03-01 2024-02-29 07962977 frs-bus:Director1 2023-02-28 07962977 frs-bus:Director1 2024-02-29 07962977 frs-countries:EnglandWales 2023-03-01 2024-02-29 07962977 2022-02-28 07962977 2023-02-28 07962977 2022-03-01 2023-02-28 07962977 frs-core:CurrentFinancialInstruments 2023-02-28 07962977 frs-core:Non-currentFinancialInstruments 2023-02-28 07962977 frs-core:ShareCapital 2023-02-28 07962977 frs-core:RetainedEarningsAccumulatedLosses 2023-02-28
Registered number: 07962977
Last Seconds Manchester Ltd
Unaudited Financial Statements
For The Year Ended 29 February 2024
Bennett Verby Limited
7 St Petersgate
Stockport
Cheshire
SK1 1EB
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 07962977
2024 2023
Notes £ £ £ £
CURRENT ASSETS
Stocks 4 294,561 294,561
Debtors 5 1,143,768 1,093,076
Cash at bank and in hand 19 325
1,438,348 1,387,962
Creditors: Amounts Falling Due Within One Year 6 (1,442,098 ) (1,411,724 )
NET CURRENT ASSETS (LIABILITIES) (3,750 ) (23,762 )
TOTAL ASSETS LESS CURRENT LIABILITIES (3,750 ) (23,762 )
Creditors: Amounts Falling Due After More Than One Year 7 (321,339 ) (207,477 )
NET LIABILITIES (325,089 ) (231,239 )
CAPITAL AND RESERVES
Called up share capital 8 100 100
Profit and Loss Account (325,189 ) (231,339 )
SHAREHOLDERS' FUNDS (325,089) (231,239)
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For the year ending 29 February 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
Mr Atif Malik
Director
11 November 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
Last Seconds Manchester Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 07962977 . The registered office is Prospect House, Featherstall Road South, Oldham, OL9 6HL.
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. 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.
2.4. 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.
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: 1 (2023: 1)
1 1
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4. Stocks
2024 2023
£ £
Finished goods 294,561 294,561
5. Debtors
2024 2023
£ £
Due within one year
Amounts owed by group undertakings 1,126,764 1,076,072
Other debtors 17,004 17,004
1,143,768 1,093,076
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Bank loans and overdrafts 6,600 6,600
Other loans 25,414 25,414
Amounts owed to group undertakings 1,236,057 1,270,541
Other creditors 138,455 93,454
Taxation and social security 35,572 15,715
1,442,098 1,411,724
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 28,197 34,227
Other loans 293,142 173,250
321,339 207,477
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
9. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 March 2023 Amounts advanced Amounts repaid Amounts written off As at 29 February 2024
£ £ £ £ £
Mr Atif Malik 868 - - - 868
The above loan is unsecured, interest free and repayable on demand.
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10. Related Party Transactions
Included within the debtors are the following balances owed by individuals or companies that either have a business relationship with or are either wholly or partially owned by Mr Atif Riaz Malik who is the sole director and shareholder of Last Seconds Manchester Ltd.
Connected People 
• Erum Youssel Saran owed the company £5,000 (2023: £5,000) 
• Mr Mohd Ahmed owed the company £1,750 (2023: £1,750) 
• Nosheen Sadaf owed the company £3,400 (2023: £3,400)
• Muttayab Mahmood owed the company £806 (2023: £806) 
• Shabana Chaudhary owed the company £700 (2023: £700) 
• A Ahmed owed the company £480 (2023: £480) 
• Tahmina Chowdhary owed the company £4,000 (2023: £4,000) 
Connected Company 
• Unknown Related party owed the company £18,500 (2023: £18,500). 
• Properties M/C Ltd owed the company £39,000 (2023: £39,000). 
• Habitat Living Preston Ltd owed the company £59,091 (2023: £33,331). 
• AMHA Property Group Ltd owed the company £800 (2023: £800). 
• Portfolio Lets UK Ltd owed the company £236,526 (2023: £248,992).
• AM Kitchen & Bar Ltd owed the company £76,382 (2023: £75,382). 
• Retailer UK Ltd owed the company £89,574 (2023: £89,916).
• Hotel Inn owed the company £4,061 (2023: £4,061).
• Stoke Green Estates Ltd owed the company £22,531 (2023: £22,531). 
• Venture Alliance Consultancy Ltd owed the company £42,739 (2023: £40,340). 
• Portfolio Lets Ltd owed the company £25,878 (2023: £43,764).
• My UK Management Ltd owed the company £7,736 (2023: £7,736).
• The Perfume Gallery owed the company £30 (2023: £30).
• Grecian Mill owed the company £4,543 (2023: £4,543).
• Puri Properties Ltd owed the company £7,083 (2023: £7,083).
• Citi Housing Ltd owed the company £500 (2023: £500).
• Conceptial Development 1 Ltd owed the company £32,500 (2023: £32,500).
• Part Echange Properties Ltd owed the company £27,950 (2023: £27,950).
• Properties Investment NW Ltd owed the company £287,245 (2023: £167,417).
• City UK Properties Ltd owed the company £3,419 (2023: £2,140).
• AJ Ribchester Ltd owed the company £25,836 (2023: £25,836).
• AMS Trade GB Ltd Ltd owed the company £6,704 (2023: £6,704).
• Legal Consultation Ltd owed the company £80,040 (2023: £80,040).
• TM Properties NW Ltd owed the company £27,100 (2023: £6,568).
• Kellar Software Ltd owed the company £998 (2023: £NIL).
Included within the creditors are the following balances owed by individuals or companies that either have a business relationship with or are either wholly or partially owned by Mr Atif Riaz Malik who is the sole director and shareholder of Last Seconds Manchester Ltd.
Connected People 
• Aleem Nasir was owed £54,275 (2023: £54,275) by the company.
• Saddique JA & RK Investment were owed £17,500 (2023: £17,500) by the company.
Connected Company
• Last Seconds UK were owed £41,362 (2023: £77,361) by the company.
• Alex Hunt Estates Ltd were owed £118,440 (2023: £118,440) by the company.
• KOM Consulting Ltd/ Sarfraz S&J were owed £63,950 (2023: £63,950) by the company. 
• Emile Heskey Promotions Limited were owed £36,700 (2023: £36,700) by the company.
• UK Investment PVT Limited were owed £78,470 (2023: £109,440) by the company.
• Northwest Properties MCR were owed £291,852 (2023: £283,922) by the company. 
• Matex International Limited were owed £46,077 (2023: £44,327) by the company.
• SSH Finance Limited were owed £183,905 (2023: £183,905) by the company.
• A&S MCR Limited were owed £357,529 (2023: £346,257) by the company.
• Wasim Akram & Emile Heskey Sports Academy Ltd were owed £5,980 (2023: £4,500) by the company.
• Habitat Living Wrexham Limited were owed £11,792 (2023: £51,071 owed to the company) by the company.
• Home Improve Limited were owed £20,000 (2023: £20,000) by the company.
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