Acorah Software Products - Accounts Production 16.0.110 false true true false 1 August 2023 31 July 2024 31 July 2024 14975711 Mr Shashank Joshi Mr Dhrupal Joshi iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 14975711 2023-07-31 14975711 2024-07-31 14975711 2023-08-01 2024-07-31 14975711 frs-core:Non-currentFinancialInstruments 2024-07-31 14975711 frs-core:ShareCapital 2024-07-31 14975711 frs-core:RetainedEarningsAccumulatedLosses 2024-07-31 14975711 frs-bus:PrivateLimitedCompanyLtd 2023-08-01 2024-07-31 14975711 frs-bus:FilletedAccounts 2023-08-01 2024-07-31 14975711 frs-bus:SmallEntities 2023-08-01 2024-07-31 14975711 frs-bus:AuditExempt-NoAccountantsReport 2023-08-01 2024-07-31 14975711 frs-bus:SmallCompaniesRegimeForAccounts 2023-08-01 2024-07-31 14975711 frs-core:CostValuation 2023-07-31 14975711 frs-core:AdditionsToInvestments 2024-07-31 14975711 frs-core:CostValuation 2024-07-31 14975711 frs-core:ProvisionsForImpairmentInvestments 2023-07-31 14975711 frs-core:ProvisionsForImpairmentInvestments 2024-07-31 14975711 frs-core:UnlistedNon-exchangeTraded 2024-07-31 14975711 frs-core:UnlistedNon-exchangeTraded 2023-07-31 14975711 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2023-07-31 14975711 frs-core:AdditionsToInvestments frs-core:UnlistedNon-exchangeTraded 2024-07-31 14975711 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2024-07-31 14975711 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2023-07-31 14975711 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2024-07-31 14975711 frs-bus:Director1 2023-08-01 2024-07-31 14975711 frs-bus:Director2 2023-08-01 2024-07-31 14975711 frs-countries:EnglandWales 2023-08-01 2024-07-31
Registered number: 14975711
Prima Private Limited
Unaudited Financial Statements
For The Year Ended 31 July 2024
Wilkinson Accounting Solutions Limited
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 14975711
2024
Notes £ £
FIXED ASSETS
Investments 4 175,997
175,997
CURRENT ASSETS
Debtors 5 3,203
Cash at bank and in hand 30,720
33,923
NET CURRENT ASSETS (LIABILITIES) 33,923
TOTAL ASSETS LESS CURRENT LIABILITIES 209,920
Creditors: Amounts Falling Due After More Than One Year 6 (210,070 )
PROVISIONS FOR LIABILITIES
Provisions For Charges (779 )
NET LIABILITIES (929 )
CAPITAL AND RESERVES
Called up share capital 7 100
Profit and Loss Account (1,029 )
SHAREHOLDERS' FUNDS (929)
Page 1
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For the year ending 31 July 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 Dhrupal Joshi
Director
29/11/2024
The notes on pages 3 to 4 form part of these financial statements.
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Page 3
Notes to the Financial Statements
1. General Information
Prima Private Limited is a private company, limited by shares, incorporated in England & Wales, registered number 14975711 . The registered office is 91 Silk Mill Road, Watford, WD19 4TW.
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. 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 years 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.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
2.4.
Trade Creditors
Trade Creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts Payable are classified as current liabilities if the company does not have an unconditional right at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade Debtors
Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.
Cash and cash equivalents
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2
2
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4. Investments
Unlisted Other Total
£ £ £
Cost
As at 1 August 2023 - - -
Additions 175,897 100 175,997
As at 31 July 2024 175,897 100 175,997
Provision
As at 1 August 2023 - - -
As at 31 July 2024 - - -
Net Book Value
As at 31 July 2024 175,897 100 175,997
As at 1 August 2023 - - -
5. Debtors
2024
£
Due after more than one year
Other debtors 3,203
6. Creditors: Amounts Falling Due After More Than One Year
2024
£
Other creditors 210,070
7. Share Capital
2024
£
Allotted, Called up and fully paid 100
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