Acorah Software Products - Accounts Production 16.0.110 false true true 31 October 2022 1 November 2021 false 1 November 2022 31 March 2024 31 March 2024 12266155 A K Nundloll A K Nundloll the directors true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 12266155 2022-10-31 12266155 2024-03-31 12266155 2022-11-01 2024-03-31 12266155 frs-core:CurrentFinancialInstruments 2024-03-31 12266155 frs-core:Non-currentFinancialInstruments 2024-03-31 12266155 frs-core:MotorVehicles 2024-03-31 12266155 frs-core:MotorVehicles 2022-11-01 2024-03-31 12266155 frs-core:MotorVehicles 2022-10-31 12266155 frs-core:ShareCapital 2024-03-31 12266155 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 12266155 frs-bus:PrivateLimitedCompanyLtd 2022-11-01 2024-03-31 12266155 frs-bus:FilletedAccounts 2022-11-01 2024-03-31 12266155 frs-bus:SmallEntities 2022-11-01 2024-03-31 12266155 frs-bus:AuditExempt-NoAccountantsReport 2022-11-01 2024-03-31 12266155 frs-bus:SmallCompaniesRegimeForAccounts 2022-11-01 2024-03-31 12266155 1 2022-11-01 2024-03-31 12266155 frs-bus:Director1 2022-11-01 2024-03-31 12266155 frs-bus:Director1 2022-10-31 12266155 frs-bus:Director1 2024-03-31 12266155 frs-bus:Director2 2022-11-01 2024-03-31 12266155 frs-countries:EnglandWales 2022-11-01 2024-03-31 12266155 2021-10-31 12266155 2022-10-31 12266155 2021-11-01 2022-10-31 12266155 frs-core:CurrentFinancialInstruments 2022-10-31 12266155 frs-core:Non-currentFinancialInstruments 2022-10-31 12266155 frs-core:ShareCapital 2022-10-31 12266155 frs-core:RetainedEarningsAccumulatedLosses 2022-10-31
Registered number: 12266155
The Yellow Brick Road Property Services Limited
Unaudited Financial Statements
For the Period 1 November 2022 to 31 March 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 12266155
31 March 2024 31 October 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 2,310 4,620
2,310 4,620
CURRENT ASSETS
Debtors 5 14,409 383
Cash at bank and in hand 15,331 12,987
29,740 13,370
Creditors: Amounts Falling Due Within One Year 6 (31,741 ) (24,718 )
NET CURRENT ASSETS (LIABILITIES) (2,001 ) (11,348 )
TOTAL ASSETS LESS CURRENT LIABILITIES 309 (6,728 )
Creditors: Amounts Falling Due After More Than One Year 7 - (4,688 )
NET ASSETS/(LIABILITIES) 309 (11,416 )
CAPITAL AND RESERVES
Called up share capital 8 100 100
Profit and Loss Account 209 (11,516 )
SHAREHOLDERS' FUNDS 309 (11,416)
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For the period 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 members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their 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
A K Nundloll
Director
30 October 2024
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
The Yellow Brick Road Property Services Limited is a private company, limited by shares, incorporated in England & Wales, registered number 12266155 . The registered office is 20 Lordship Lane, London, SE22 8HN.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
2.2. Going Concern Disclosure
Accounting standards require the directors to consider the appropriateness of the going concern basis when preparing the
financial statements. The directors confirms that the going concern basis remains appropriate. The directors believes this to be the case as the company has positive reserves, cash balances and significant long term liabilities. Thus they continues to adopt the going concern basis of accounting in preparing the financial statements.
2.3. 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 rendering of services.
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.
2.4. 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:
Motor Vehicles 20% straight line
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 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.
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 period was: 2 (2022: 2)
2 2
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4. Tangible Assets
Motor Vehicles
£
Cost
As at 1 November 2022 7,700
As at 31 March 2024 7,700
Depreciation
As at 1 November 2022 3,080
Provided during the period 2,310
As at 31 March 2024 5,390
Net Book Value
As at 31 March 2024 2,310
As at 1 November 2022 4,620
5. Debtors
31 March 2024 31 October 2022
£ £
Due within one year
Trade debtors - 383
VAT 1,617 -
Directors' loan accounts 12,792 -
14,409 383
6. Creditors: Amounts Falling Due Within One Year
31 March 2024 31 October 2022
£ £
Trade creditors 9,607 -
Bank loans and overdrafts - 1,200
Corporation tax 2,795 -
Other taxes and social security 1,739 -
Other creditors 16,350 18,694
Accruals and deferred income 1,250 -
Directors' loan accounts - 4,824
31,741 24,718
7. Creditors: Amounts Falling Due After More Than One Year
31 March 2024 31 October 2022
£ £
Bank loans - 4,688
In the prior year, the company obtained a Bounce Back Loan of £6,000. The loan is repayable in 60 Monthly instalments commencing 13 months after drawdown date. Interest on the loan is charged at 2.5% with the first 12months interest paid by the Government. The loan secured by a government backed guarantee.
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8. Share Capital
31 March 2024 31 October 2022
£ £
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 November 2022 Amounts advanced Amounts repaid Amounts written off As at 31 March 2024
£ £ £ £ £
Mr Aaron Nundloll - 12,792 - - 12,792
The above loan is unsecured, interest free and repayable on demand.
10. Ultimate Controlling Party
The company's ultimate controlling party are the directors by virtue of their ownership of 100% of the issued share capital in the company.
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