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 10599592 Mr Yusif Daoud iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 10599592 2023-02-28 10599592 2024-02-28 10599592 2023-03-01 2024-02-28 10599592 frs-core:CurrentFinancialInstruments 2024-02-28 10599592 frs-core:Non-currentFinancialInstruments 2024-02-28 10599592 frs-core:MotorVehicles 2024-02-28 10599592 frs-core:MotorVehicles 2023-03-01 2024-02-28 10599592 frs-core:MotorVehicles 2023-02-28 10599592 frs-core:ShareCapital 2024-02-28 10599592 frs-core:RetainedEarningsAccumulatedLosses 2024-02-28 10599592 frs-bus:PrivateLimitedCompanyLtd 2023-03-01 2024-02-28 10599592 frs-bus:FilletedAccounts 2023-03-01 2024-02-28 10599592 frs-bus:SmallEntities 2023-03-01 2024-02-28 10599592 frs-bus:AuditExempt-NoAccountantsReport 2023-03-01 2024-02-28 10599592 frs-bus:SmallCompaniesRegimeForAccounts 2023-03-01 2024-02-28 10599592 frs-bus:Director1 2023-03-01 2024-02-28 10599592 frs-countries:EnglandWales 2023-03-01 2024-02-28 10599592 2022-02-28 10599592 2023-02-28 10599592 2022-03-01 2023-02-28 10599592 frs-core:CurrentFinancialInstruments 2023-02-28 10599592 frs-core:Non-currentFinancialInstruments 2023-02-28 10599592 frs-core:ShareCapital 2023-02-28 10599592 frs-core:RetainedEarningsAccumulatedLosses 2023-02-28
Registered number: 10599592
Ossi Ltd
Unaudited Financial Statements
For The Year Ended 28 February 2024
Jorgis Accountants Ltd
AFA- MIPA-FAIA- ACIPP-APA
Jorgis Accountants Ltd
P O Box 527
Northolt
Middlesex
UB5 9HE
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 10599592
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 11,150 19,570
11,150 19,570
CURRENT ASSETS
Cash at bank and in hand 741 1,840
741 1,840
Creditors: Amounts Falling Due Within One Year 5 (28,908 ) (25,918 )
NET CURRENT ASSETS (LIABILITIES) (28,167 ) (24,078 )
TOTAL ASSETS LESS CURRENT LIABILITIES (17,017 ) (4,508 )
Creditors: Amounts Falling Due After More Than One Year 6 (4,794 ) (7,361 )
NET LIABILITIES (21,811 ) (11,869 )
CAPITAL AND RESERVES
Called up share capital 7 1 1
Profit and Loss Account (21,812 ) (11,870 )
SHAREHOLDERS' FUNDS (21,811) (11,869)
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 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 Yusif Daoud
Director
18/11/2024
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
Ossi Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 10599592 . The registered office is 42 Hillside Road, Southall, Middlesex, UB1 2PE.
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:
Motor Vehicles 19% Straight line
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2023: 1)
1 1
4. Tangible Assets
Motor Vehicles
£
Cost
As at 1 March 2023 27,990
As at 28 February 2024 27,990
Depreciation
As at 1 March 2023 8,420
Provided during the period 8,420
As at 28 February 2024 16,840
Net Book Value
As at 28 February 2024 11,150
As at 1 March 2023 19,570
Page 3
Page 4
5. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors - 100
Other loans 20,246 24,118
Director's loan account 8,662 1,700
28,908 25,918
6. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 4,794 7,361
7. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1 1
Page 4