Acorah Software Products - Accounts Production 16.0.110 false true 31 March 2023 1 April 2022 false 1 April 2023 31 March 2024 31 March 2024 06529496 Mr A W Majeed Mrs J R Majeed iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 06529496 2023-03-31 06529496 2024-03-31 06529496 2023-04-01 2024-03-31 06529496 frs-core:CurrentFinancialInstruments 2024-03-31 06529496 frs-core:Non-currentFinancialInstruments 2024-03-31 06529496 frs-core:ComputerEquipment 2024-03-31 06529496 frs-core:ComputerEquipment 2023-04-01 2024-03-31 06529496 frs-core:ComputerEquipment 2023-03-31 06529496 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-04-01 2024-03-31 06529496 frs-core:OtherResidualIntangibleAssets 2024-03-31 06529496 frs-core:OtherResidualIntangibleAssets 2023-03-31 06529496 frs-core:ShareCapital 2024-03-31 06529496 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 06529496 frs-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 06529496 frs-bus:FilletedAccounts 2023-04-01 2024-03-31 06529496 frs-bus:SmallEntities 2023-04-01 2024-03-31 06529496 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 06529496 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 06529496 frs-bus:Director1 2023-04-01 2024-03-31 06529496 frs-bus:CompanySecretary1 2023-04-01 2024-03-31 06529496 frs-countries:EnglandWales 2023-04-01 2024-03-31 06529496 2022-03-31 06529496 2023-03-31 06529496 2022-04-01 2023-03-31 06529496 frs-core:CurrentFinancialInstruments 2023-03-31 06529496 frs-core:Non-currentFinancialInstruments 2023-03-31 06529496 frs-core:ShareCapital 2023-03-31 06529496 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31
Registered number: 06529496
Ali Majeed Ltd
Unaudited Financial Statements
For The Year Ended 31 March 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 06529496
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 5 387 776
387 776
CURRENT ASSETS
Stocks 6 4,900 4,900
4,900 4,900
Creditors: Amounts Falling Due Within One Year 7 (33,665 ) (41,109 )
NET CURRENT ASSETS (LIABILITIES) (28,765 ) (36,209 )
TOTAL ASSETS LESS CURRENT LIABILITIES (28,378 ) (35,433 )
Creditors: Amounts Falling Due After More Than One Year 8 - (2,915 )
NET LIABILITIES (28,378 ) (38,348 )
CAPITAL AND RESERVES
Called up share capital 9 100 100
Profit and Loss Account (28,478 ) (38,448 )
SHAREHOLDERS' FUNDS (28,378) (38,348)
Page 1
Page 2
For the year 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 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 Profit and Loss Account.
On behalf of the board
Mr A W Majeed
Director
25/11/2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Ali Majeed Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 06529496 . The registered office is 66 Ranmoor Road, Sheffield, S10 3HJ.
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.
2.3. Intangible Fixed Assets and Amortisation - Other Intangible
Other intangible assets relates to the website. It is amortised to profit and loss account over its estimated economic life of three years.
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:
Computer Equipment 25% straight line
2.5. 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 2)
2 2
4. Intangible Assets
Other
£
Cost
As at 1 April 2023 38,920
As at 31 March 2024 38,920
Amortisation
As at 1 April 2023 38,920
As at 31 March 2024 38,920
Net Book Value
As at 31 March 2024 -
As at 1 April 2023 -
Page 3
Page 4
5. Tangible Assets
Computer Equipment
£
Cost
As at 1 April 2023 1,554
As at 31 March 2024 1,554
Depreciation
As at 1 April 2023 778
Provided during the period 389
As at 31 March 2024 1,167
Net Book Value
As at 31 March 2024 387
As at 1 April 2023 776
6. Stocks
2024 2023
£ £
Stock 4,900 4,900
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Bank loans and overdrafts 3,896 8,896
Other loans - 5,874
Accruals and deferred income 1,284 1,286
Director's loan account 28,485 25,053
33,665 41,109
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Other loans - 2,915
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
Page 4