Acorah Software Products - Accounts Production 16.0.110 false true 28 February 2023 1 March 2022 false 1 March 2023 29 February 2024 29 February 2024 11826054 Dr Azad Haki Ms Kani Haki Mr Alan Abid iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 11826054 2023-02-28 11826054 2024-02-29 11826054 2023-03-01 2024-02-29 11826054 frs-core:CurrentFinancialInstruments 2024-02-29 11826054 frs-core:Non-currentFinancialInstruments 2024-02-29 11826054 frs-core:ComputerEquipment 2024-02-29 11826054 frs-core:ComputerEquipment 2023-03-01 2024-02-29 11826054 frs-core:ComputerEquipment 2023-02-28 11826054 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-03-01 2024-02-29 11826054 frs-core:FurnitureFittings 2024-02-29 11826054 frs-core:FurnitureFittings 2023-03-01 2024-02-29 11826054 frs-core:FurnitureFittings 2023-02-28 11826054 frs-core:NetGoodwill 2024-02-29 11826054 frs-core:NetGoodwill 2023-03-01 2024-02-29 11826054 frs-core:NetGoodwill 2023-02-28 11826054 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-02-29 11826054 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-03-01 2024-02-29 11826054 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-02-28 11826054 frs-core:OtherResidualIntangibleAssets 2024-02-29 11826054 frs-core:OtherResidualIntangibleAssets 2023-03-01 2024-02-29 11826054 frs-core:OtherResidualIntangibleAssets 2023-02-28 11826054 frs-core:PlantMachinery 2024-02-29 11826054 frs-core:PlantMachinery 2023-03-01 2024-02-29 11826054 frs-core:PlantMachinery 2023-02-28 11826054 frs-core:ShareCapital 2024-02-29 11826054 frs-core:RetainedEarningsAccumulatedLosses 2024-02-29 11826054 frs-bus:PrivateLimitedCompanyLtd 2023-03-01 2024-02-29 11826054 frs-bus:AbridgedAccounts 2023-03-01 2024-02-29 11826054 frs-bus:SmallEntities 2023-03-01 2024-02-29 11826054 frs-bus:AuditExempt-NoAccountantsReport 2023-03-01 2024-02-29 11826054 frs-bus:SmallCompaniesRegimeForAccounts 2023-03-01 2024-02-29 11826054 frs-bus:Director1 2023-03-01 2024-02-29 11826054 frs-bus:Director2 2023-03-01 2024-02-29 11826054 frs-bus:Director3 2023-03-01 2024-02-29 11826054 frs-countries:EnglandWales 2023-03-01 2024-02-29 11826054 2022-02-28 11826054 2023-02-28 11826054 2022-03-01 2023-02-28 11826054 frs-core:CurrentFinancialInstruments 2023-02-28 11826054 frs-core:Non-currentFinancialInstruments 2023-02-28 11826054 frs-core:ShareCapital 2023-02-28 11826054 frs-core:RetainedEarningsAccumulatedLosses 2023-02-28
Registered number: 11826054
Al-Noor United Limited
Unaudited ABRIDGED Financial Statements
For The Year Ended 29 February 2024
Accountax (UK) Limited
Chartered Certified Accountants & Registered Auditors
21 Knighsbridge
London
SW1X 7LY
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Abridged Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 11826054
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 60,109 69,382
Tangible Assets 5 29,429 42,378
89,538 111,760
CURRENT ASSETS
Stocks 6 69,082 120,969
Debtors 7 124,540 112,654
Cash at bank and in hand 419,629 402,971
613,251 636,594
Creditors: Amounts Falling Due Within One Year 8 (194,369 ) (182,279 )
NET CURRENT ASSETS (LIABILITIES) 418,882 454,315
TOTAL ASSETS LESS CURRENT LIABILITIES 508,420 566,075
Creditors: Amounts Falling Due After More Than One Year 9 (171,381 ) (171,381 )
NET ASSETS 337,039 394,694
CAPITAL AND RESERVES
Called up share capital 10 3 3
Profit and Loss Account 337,036 394,691
SHAREHOLDERS' FUNDS 337,039 394,694
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 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.
All of the company's members have consented to the preparation of an Abridged Profit and Loss Account for the year end 29 February 2024 in accordance with section 444(2A) of the Companies Act 2006.
On behalf of the board
Ms Kani Haki
Director
19/03/2024
The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
Notes to the Abridged Financial Statements
1. General Information
Al-Noor United Limited is a private company, limited by shares, incorporated in England & Wales, registered number 11826054 . The registered office is The Basement, 45-49 Goodmayes House, Goodmayes Road, Ilford, Essex, IG3 9UF.
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. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of 11 years.
2.4. Intangible Fixed Assets and Amortisation - Other Intangible
Other intangible assets are web app integration. It is amortised to profit and loss account over its estimated economic life of 5 years.
2.5. 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:
Leasehold 20% Straight line
Plant & Machinery 25% Reducing balance
Fixtures & Fittings 25% Reducing balance
Computer Equipment 33% Straight line
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Page 4
2.6. 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: 5 (2023: 6)
5 6
4. Intangible Assets
Goodwill Other Total
£ £ £
Cost
As at 1 March 2023 88,800 6,000 94,800
As at 29 February 2024 88,800 6,000 94,800
Amortisation
As at 1 March 2023 24,218 1,200 25,418
Provided during the period 8,073 1,200 9,273
As at 29 February 2024 32,291 2,400 34,691
Net Book Value
As at 29 February 2024 56,509 3,600 60,109
As at 1 March 2023 64,582 4,800 69,382
5. Tangible Assets
Land & Property
Leasehold Plant & Machinery Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 March 2023 46,050 2,611 9,959 3,817 62,437
Additions - - 327 1,800 2,127
As at 29 February 2024 46,050 2,611 10,286 5,617 64,564
Depreciation
As at 1 March 2023 11,513 790 5,308 2,448 20,059
Provided during the period 11,512 455 1,244 1,865 15,076
As at 29 February 2024 23,025 1,245 6,552 4,313 35,135
...CONTINUED
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Net Book Value
As at 29 February 2024 23,025 1,366 3,734 1,304 29,429
As at 1 March 2023 34,537 1,821 4,651 1,369 42,378
6. Stocks
2024 2023
£ £
Finished goods 69,082 120,969
7. Debtors
2024 2023
£ £
Due within one year
Trade debtors 7,703 9,089
Prepayments and accrued income 65 2,033
Other debtors 60,000 62,946
VAT 26,772 8,586
94,540 82,654
Due after more than one year
Other debtors 30,000 30,000
30,000 30,000
124,540 112,654
8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 95,709 76,251
Other taxes and social security 1,101 -
Net wages - 7,095
Other creditors 90,000 90,000
Accruals and deferred income 4,150 5,524
Directors' loan accounts 3,409 3,409
194,369 182,279
9. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Other creditors 171,381 171,381
171,381 171,381
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Page 6
10. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 3 3
Page 6