Acorah Software Products - Accounts Production 15.0.600 false true 31 March 2023 1 April 2022 false 1 April 2023 31 March 2024 31 March 2024 11915613 Mr Atthar Hussain Kazmi iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 11915613 2023-03-31 11915613 2024-03-31 11915613 2023-04-01 2024-03-31 11915613 frs-core:CurrentFinancialInstruments 2024-03-31 11915613 frs-core:Non-currentFinancialInstruments 2024-03-31 11915613 frs-core:ComputerEquipment 2024-03-31 11915613 frs-core:ComputerEquipment 2023-04-01 2024-03-31 11915613 frs-core:ComputerEquipment 2023-03-31 11915613 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-03-31 11915613 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-04-01 2024-03-31 11915613 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-03-31 11915613 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 11915613 frs-core:MotorVehicles 2024-03-31 11915613 frs-core:MotorVehicles 2023-04-01 2024-03-31 11915613 frs-core:MotorVehicles 2023-03-31 11915613 frs-core:ShareCapital 2024-03-31 11915613 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 11915613 frs-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 11915613 frs-bus:FilletedAccounts 2023-04-01 2024-03-31 11915613 frs-bus:SmallEntities 2023-04-01 2024-03-31 11915613 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 11915613 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 11915613 frs-bus:Director1 2023-04-01 2024-03-31 11915613 frs-core:Non-currentFinancialInstruments 1 2024-03-31 11915613 frs-countries:EnglandWales 2023-04-01 2024-03-31 11915613 2022-03-31 11915613 2023-03-31 11915613 2022-04-01 2023-03-31 11915613 frs-core:CurrentFinancialInstruments 2023-03-31 11915613 frs-core:Non-currentFinancialInstruments 2023-03-31 11915613 frs-core:ShareCapital 2023-03-31 11915613 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31 11915613 frs-core:Non-currentFinancialInstruments 1 2023-03-31
Registered number: 11915613
AHK FINANCE SOLUTIONS LTD
Unaudited Financial Statements
For The Year Ended 31 March 2024
TAXPLUS ACCOUNTANTS LTD
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 11915613
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 54,034 60,298
Investment Properties 5 101,500 101,500
155,534 161,798
CURRENT ASSETS
Cash at bank and in hand 269,135 218,355
269,135 218,355
Creditors: Amounts Falling Due Within One Year 6 (41,585 ) (41,614 )
NET CURRENT ASSETS (LIABILITIES) 227,550 176,741
TOTAL ASSETS LESS CURRENT LIABILITIES 383,084 338,539
Creditors: Amounts Falling Due After More Than One Year 7 (50,134 ) (69,354 )
NET ASSETS 332,950 269,185
CAPITAL AND RESERVES
Called up share capital 8 100 100
Profit and Loss Account 332,850 269,085
SHAREHOLDERS' FUNDS 332,950 269,185
Page 1
Page 2
For the year ending 31 March 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 Atthar Hussain Kazmi
Director
14/11/2024
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
AHK FINANCE SOLUTIONS LTD is a private company, limited by shares, incorporated in England & Wales, registered number 11915613 . The registered office is 18 Snowberry Close, London, United Kingdom, E15 2AH.
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. 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 10
Leasehold 10
Motor Vehicles 10
Computer Equipment 20
2.4. Investment Properties
All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.
2.5. 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.
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3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 2)
2 2
4. Tangible Assets
Land & Property
Leasehold Motor Vehicles Computer Equipment Total
£ £ £ £
Cost
As at 1 April 2023 33,897 44,090 3,380 81,367
As at 31 March 2024 33,897 44,090 3,380 81,367
Depreciation
As at 1 April 2023 11,657 8,377 1,035 21,069
Provided during the period 2,224 3,571 469 6,264
As at 31 March 2024 13,881 11,948 1,504 27,333
Net Book Value
As at 31 March 2024 20,016 32,142 1,876 54,034
As at 1 April 2023 22,240 35,713 2,345 60,298
5. Investment Property
2024
£
Fair Value
As at 1 April 2023 and 31 March 2024 101,500
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Corporation tax 40,446 40,438
Other taxes and social security 235 296
Accruals and deferred income 904 880
41,585 41,614
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 28,660 39,072
Other creditors (1) 21,474 30,282
50,134 69,354
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
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