Acorah Software Products - Accounts Production 16.0.110 false true true 30 April 2023 1 May 2022 false 1 May 2023 30 April 2024 30 April 2024 10126940 Mr R Herron Mr K Shah Mr R Shah iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 10126940 2023-04-30 10126940 2024-04-30 10126940 2023-05-01 2024-04-30 10126940 frs-core:CurrentFinancialInstruments 2024-04-30 10126940 frs-core:Non-currentFinancialInstruments 2024-04-30 10126940 frs-core:SharePremium 2024-04-30 10126940 frs-core:ShareCapital 2024-04-30 10126940 frs-core:RetainedEarningsAccumulatedLosses 2024-04-30 10126940 frs-bus:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 10126940 frs-bus:FilletedAccounts 2023-05-01 2024-04-30 10126940 frs-bus:SmallEntities 2023-05-01 2024-04-30 10126940 frs-bus:AuditExempt-NoAccountantsReport 2023-05-01 2024-04-30 10126940 frs-bus:SmallCompaniesRegimeForAccounts 2023-05-01 2024-04-30 10126940 frs-bus:Director1 2023-05-01 2024-04-30 10126940 frs-bus:Director2 2023-05-01 2024-04-30 10126940 frs-bus:Director3 2023-05-01 2024-04-30 10126940 frs-countries:EnglandWales 2023-05-01 2024-04-30 10126940 2022-04-30 10126940 2023-04-30 10126940 2022-05-01 2023-04-30 10126940 frs-core:CurrentFinancialInstruments 2023-04-30 10126940 frs-core:Non-currentFinancialInstruments 2023-04-30 10126940 frs-core:SharePremium 2023-04-30 10126940 frs-core:ShareCapital 2023-04-30 10126940 frs-core:RetainedEarningsAccumulatedLosses 2023-04-30
Registered number: 10126940
Avacare Limited
Unaudited Financial Statements
For The Year Ended 30 April 2024
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—3
Page 1
Balance Sheet
Registered number: 10126940
2024 2023
Notes £ £ £ £
CURRENT ASSETS
Stocks 4 53,000 52,929
Debtors 5 61,985 56,033
Cash at bank and in hand 1,261 10,021
116,246 118,983
Creditors: Amounts Falling Due Within One Year 6 (236,699 ) (230,331 )
NET CURRENT ASSETS (LIABILITIES) (120,453 ) (111,348 )
TOTAL ASSETS LESS CURRENT LIABILITIES (120,453 ) (111,348 )
Creditors: Amounts Falling Due After More Than One Year 7 (58,388 ) (68,529 )
NET LIABILITIES (178,841 ) (179,877 )
CAPITAL AND RESERVES
Called up share capital 8 200 200
Share premium account 9,998 9,998
Profit and Loss Account (189,039 ) (190,075 )
SHAREHOLDERS' FUNDS (178,841) (179,877)
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 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
Mr K Shah
Director
15 November 2024
The notes on pages 2 to 3 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
Avacare Limited is a private company, limited by shares, incorporated in England & Wales, registered number 10126940 . The registered office is Cedarwood House, Suite 22, Blackhorse Road, Letchworth, Hertfordshire, SG6 1HB.
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. Going Concern Disclosure
The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.
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 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.
2.4. 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: 4 (2023: 4)
4 4
4. Stocks
2024 2023
£ £
Stock 53,000 52,929
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 54,875 37,302
VAT 7,110 18,731
61,985 56,033
Page 2
Page 3
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 163,848 167,239
Bank loans and overdrafts 27,195 20,036
Other creditors 800 800
Directors' loan accounts 44,856 42,256
236,699 230,331
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 13,388 23,529
Directors loan account 45,000 45,000
58,388 68,529
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 200 200
Page 3