Acorah Software Products - Accounts Production 16.0.110 false true 30 April 2023 1 May 2022 false 1 May 2023 30 April 2024 30 April 2024 11938516 Mr Thananjcheliyan Ernest iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 11938516 2023-04-30 11938516 2024-04-30 11938516 2023-05-01 2024-04-30 11938516 frs-core:CurrentFinancialInstruments 2024-04-30 11938516 frs-core:Non-currentFinancialInstruments 2024-04-30 11938516 frs-core:ComputerEquipment 2024-04-30 11938516 frs-core:ComputerEquipment 2023-05-01 2024-04-30 11938516 frs-core:ComputerEquipment 2023-04-30 11938516 frs-core:FurnitureFittings 2024-04-30 11938516 frs-core:FurnitureFittings 2023-05-01 2024-04-30 11938516 frs-core:FurnitureFittings 2023-04-30 11938516 frs-core:NetGoodwill 2024-04-30 11938516 frs-core:NetGoodwill 2023-05-01 2024-04-30 11938516 frs-core:NetGoodwill 2023-04-30 11938516 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-04-30 11938516 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 11938516 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-04-30 11938516 frs-core:MotorVehicles 2024-04-30 11938516 frs-core:MotorVehicles 2023-05-01 2024-04-30 11938516 frs-core:MotorVehicles 2023-04-30 11938516 frs-core:ShareCapital 2024-04-30 11938516 frs-core:RetainedEarningsAccumulatedLosses 2024-04-30 11938516 frs-bus:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 11938516 frs-bus:FilletedAccounts 2023-05-01 2024-04-30 11938516 frs-bus:SmallEntities 2023-05-01 2024-04-30 11938516 frs-bus:AuditExempt-NoAccountantsReport 2023-05-01 2024-04-30 11938516 frs-bus:SmallCompaniesRegimeForAccounts 2023-05-01 2024-04-30 11938516 frs-bus:Director1 2023-05-01 2024-04-30 11938516 frs-countries:EnglandWales 2023-05-01 2024-04-30 11938516 2022-04-30 11938516 2023-04-30 11938516 2022-05-01 2023-04-30 11938516 frs-core:CurrentFinancialInstruments 2023-04-30 11938516 frs-core:Non-currentFinancialInstruments 2023-04-30 11938516 frs-core:ShareCapital 2023-04-30 11938516 frs-core:RetainedEarningsAccumulatedLosses 2023-04-30
Registered number: 11938516
Nishanthini Ltd
Unaudited Financial Statements
For The Year Ended 30 April 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 11938516
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 42,500 42,500
Tangible Assets 5 169,381 171,728
211,881 214,228
CURRENT ASSETS
Stocks 6 85,450 88,450
Debtors 7 9,395 9,395
Cash at bank and in hand 10,436 13,788
105,281 111,633
Creditors: Amounts Falling Due Within One Year 8 (54,283 ) (29,287 )
NET CURRENT ASSETS (LIABILITIES) 50,998 82,346
TOTAL ASSETS LESS CURRENT LIABILITIES 262,879 296,574
Creditors: Amounts Falling Due After More Than One Year 9 (259,689 ) (276,955 )
NET ASSETS 3,190 19,619
CAPITAL AND RESERVES
Called up share capital 10 1 1
Profit and Loss Account 3,189 19,618
SHAREHOLDERS' FUNDS 3,190 19,619
Page 1
Page 2
For the year ending 30 April 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 Thananjcheliyan Ernest
Director
13/11/2024
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
Nishanthini Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 11938516 . The registered office is 12 Boundary Crescent, Stony Stratford, Milton Keynes, MK11 1DF.
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:
Freehold 0%
Motor Vehicles 20%
Fixtures & Fittings 20%
Computer Equipment 20%
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 year 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
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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 asset reflects 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: 2 (2023: 2)
2 2
4. Intangible Assets
Goodwill
£
Cost
As at 1 May 2023 42,500
As at 30 April 2024 42,500
Net Book Value
As at 30 April 2024 42,500
As at 1 May 2023 42,500
5. Tangible Assets
Land & Property
Freehold Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 May 2023 160,000 3,000 23,535 608 187,143
As at 30 April 2024 160,000 3,000 23,535 608 187,143
Depreciation
As at 1 May 2023 - 1,771 13,348 296 15,415
Provided during the period - 246 2,038 63 2,347
As at 30 April 2024 - 2,017 15,386 359 17,762
Net Book Value
As at 30 April 2024 160,000 983 8,149 249 169,381
As at 1 May 2023 160,000 1,229 10,187 312 171,728
6. Stocks
2024 2023
£ £
Finished goods 85,450 88,450
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Page 5
7. Debtors
2024 2023
£ £
Due within one year
Prepayments and accrued income 9,395 9,395
8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 7,502 6,699
Bank loans and overdrafts 20,000 6,000
Corporation tax - 769
VAT 858 819
Director's loan account 25,923 15,000
54,283 29,287
9. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 157,568 174,834
Other creditors 102,121 102,121
259,689 276,955
10. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1 1
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