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 11323478 Mr Krishnaraj Rajan Mr Krishnaraj Rajan iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 11323478 2023-04-30 11323478 2024-04-30 11323478 2023-05-01 2024-04-30 11323478 frs-core:CurrentFinancialInstruments 2024-04-30 11323478 frs-core:Non-currentFinancialInstruments 2024-04-30 11323478 frs-core:ComputerEquipment 2024-04-30 11323478 frs-core:ComputerEquipment 2023-05-01 2024-04-30 11323478 frs-core:ComputerEquipment 2023-04-30 11323478 frs-core:FurnitureFittings 2024-04-30 11323478 frs-core:FurnitureFittings 2023-05-01 2024-04-30 11323478 frs-core:FurnitureFittings 2023-04-30 11323478 frs-core:ShareCapital 2024-04-30 11323478 frs-core:RetainedEarningsAccumulatedLosses 2024-04-30 11323478 frs-bus:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 11323478 frs-bus:FilletedAccounts 2023-05-01 2024-04-30 11323478 frs-bus:SmallEntities 2023-05-01 2024-04-30 11323478 frs-bus:AuditExempt-NoAccountantsReport 2023-05-01 2024-04-30 11323478 frs-bus:SmallCompaniesRegimeForAccounts 2023-05-01 2024-04-30 11323478 frs-bus:Director1 2023-05-01 2024-04-30 11323478 frs-bus:CompanySecretary1 2023-05-01 2024-04-30 11323478 frs-core:CurrentFinancialInstruments 1 2024-04-30 11323478 frs-core:CurrentFinancialInstruments 2 2024-04-30 11323478 frs-core:CurrentFinancialInstruments 3 2024-04-30 11323478 frs-core:CurrentFinancialInstruments 4 2024-04-30 11323478 frs-core:CurrentFinancialInstruments 5 2024-04-30 11323478 frs-countries:EnglandWales 2023-05-01 2024-04-30 11323478 2022-04-30 11323478 2023-04-30 11323478 2022-05-01 2023-04-30 11323478 frs-core:CurrentFinancialInstruments 2023-04-30 11323478 frs-core:Non-currentFinancialInstruments 2023-04-30 11323478 frs-core:ShareCapital 2023-04-30 11323478 frs-core:RetainedEarningsAccumulatedLosses 2023-04-30 11323478 frs-core:CurrentFinancialInstruments 1 2023-04-30 11323478 frs-core:CurrentFinancialInstruments 2 2023-04-30 11323478 frs-core:CurrentFinancialInstruments 3 2023-04-30 11323478 frs-core:CurrentFinancialInstruments 4 2023-04-30 11323478 frs-core:CurrentFinancialInstruments 5 2023-04-30
Registered number: 11323478
FREEDOM CIRCLE LIMITED
Unaudited Financial Statements
For The Year Ended 30 April 2024
Unaudited Financial Statements
Contents
Page
Statement of Financial Position 1—2
Notes to the Financial Statements 3—4
Page 1
Statement of Financial Position
Registered number: 11323478
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 3 15,923 18,228
15,923 18,228
CURRENT ASSETS
Debtors 4 796,375 636,985
Cash at bank and in hand 990,805 780,018
1,787,180 1,417,003
Creditors: Amounts Falling Due Within One Year 5 (294,702 ) (184,958 )
NET CURRENT ASSETS (LIABILITIES) 1,492,478 1,232,045
TOTAL ASSETS LESS CURRENT LIABILITIES 1,508,401 1,250,273
Creditors: Amounts Falling Due After More Than One Year 6 (20,766 ) (30,789 )
NET ASSETS 1,487,635 1,219,484
CAPITAL AND RESERVES
Called up share capital 7 1 1
Income Statement 1,487,634 1,219,483
SHAREHOLDERS' FUNDS 1,487,635 1,219,484
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 Income Statement.
On behalf of the board
Mr Krishnaraj Rajan
Director
28/11/2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. Accounting Policies
1.1. 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.
1.2. 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.
1.3. 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 15%
Computer Equipment 15%
2. Average Number of Employees
Average number of employees, including directors, during the year was as follows:
Employee's count=22 (Last year =14) 22 (2023: 14)
22 14
3. Tangible Assets
Fixtures & Fittings Computer Equipment Total
£ £ £
Cost
As at 1 May 2023 10,062 17,991 28,053
Additions - 505 505
As at 30 April 2024 10,062 18,496 28,558
Depreciation
As at 1 May 2023 4,540 5,285 9,825
Provided during the period 828 1,982 2,810
As at 30 April 2024 5,368 7,267 12,635
Net Book Value
As at 30 April 2024 4,694 11,229 15,923
As at 1 May 2023 5,522 12,706 18,228
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4. Debtors
2024 2023
£ £
Due within one year
Other debtors - Eminencetel Ltd - 20,000
Other debtors - Investment 741,875 616,985
Other debtors - KGF Property Ltd 2,000 -
Other debtors - Heliosx energy ltd 46,500 -
Other debtors - Stalin Rangasamy 6,000 -
796,375 636,985
5. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors - 10,041
Bank loans and overdrafts - 50,000
Corporation tax 90,154 88,148
Other taxes and social security 36,730 21,703
Other creditors 165,000 -
Pension payable 1,448 886
Director's loan account 1,370 14,180
294,702 184,958
6. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bounce back loan 20,766 30,789
20,766 30,789
7. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1 1
8. General Information
FREEDOM CIRCLE LIMITED is a private company, limited by shares, incorporated in England & Wales, registered number 11323478 . The registered office is Eaton House, One Eaton Road, Tenth Floor, Coventry, West Midlands, CV1 2FJ.
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