Acorah Software Products - Accounts Production 15.0.600 false true 28 February 2023 1 March 2022 false 1 March 2023 29 February 2024 29 February 2024 11222944 Mr Yehuda Berger iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 11222944 2023-02-28 11222944 2024-02-29 11222944 2023-03-01 2024-02-29 11222944 frs-core:CurrentFinancialInstruments 2024-02-29 11222944 frs-core:FurnitureFittings 2024-02-29 11222944 frs-core:FurnitureFittings 2023-03-01 2024-02-29 11222944 frs-core:FurnitureFittings 2023-02-28 11222944 frs-core:ShareCapital 2024-02-29 11222944 frs-core:RetainedEarningsAccumulatedLosses 2024-02-29 11222944 frs-bus:PrivateLimitedCompanyLtd 2023-03-01 2024-02-29 11222944 frs-bus:FilletedAccounts 2023-03-01 2024-02-29 11222944 frs-bus:SmallEntities 2023-03-01 2024-02-29 11222944 frs-bus:AuditExempt-NoAccountantsReport 2023-03-01 2024-02-29 11222944 frs-bus:SmallCompaniesRegimeForAccounts 2023-03-01 2024-02-29 11222944 frs-bus:Director1 2023-03-01 2024-02-29 11222944 frs-countries:EnglandWales 2023-03-01 2024-02-29 11222944 2022-02-28 11222944 2023-02-28 11222944 2022-03-01 2023-02-28 11222944 frs-core:CurrentFinancialInstruments 2023-02-28 11222944 frs-core:ShareCapital 2023-02-28 11222944 frs-core:RetainedEarningsAccumulatedLosses 2023-02-28
Registered number: 11222944
Nydc Ltd
Unaudited Financial Statements
For The Year Ended 29 February 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 11222944
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 1,792 2,240
1,792 2,240
CURRENT ASSETS
Stocks 5 74,674 179,762
Debtors 6 95,011 75,756
Cash at bank and in hand 990 8,009
170,675 263,527
Creditors: Amounts Falling Due Within One Year 7 (142,007 ) (240,072 )
NET CURRENT ASSETS (LIABILITIES) 28,668 23,455
TOTAL ASSETS LESS CURRENT LIABILITIES 30,460 25,695
NET ASSETS 30,460 25,695
CAPITAL AND RESERVES
Called up share capital 8 1 1
Profit and Loss Account 30,459 25,694
SHAREHOLDERS' FUNDS 30,460 25,695
Page 1
Page 2
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 Yehuda Berger
Director
19/11/2024
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
Nydc Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 11222944 . The registered office is 46 Moresby Road, London, E5 9LF.
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:
Fixtures & Fittings 20% reducing balance
2.4. 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2023: NIL)
- -
4. Tangible Assets
Fixtures & Fittings
£
Cost
As at 1 March 2023 3,500
As at 29 February 2024 3,500
Depreciation
As at 1 March 2023 1,260
Provided during the period 448
As at 29 February 2024 1,708
Net Book Value
As at 29 February 2024 1,792
As at 1 March 2023 2,240
Page 3
Page 4
5. Stocks
2024 2023
£ £
Stock 74,674 179,762
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 30,144 49,738
Other debtors 64,867 26,018
95,011 75,756
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 138,777 234,857
Corporation tax - 1,454
VAT 1,202 3,181
Other creditors 2,028 580
142,007 240,072
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1 1
Page 4