Acorah Software Products - Accounts Production 16.1.200 false true 30 April 2023 1 May 2022 false 1 May 2023 30 April 2024 30 April 2024 13370110 Mr Dipak Patel Mr Steven Aquilina iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 13370110 2023-04-30 13370110 2024-04-30 13370110 2023-05-01 2024-04-30 13370110 frs-core:CurrentFinancialInstruments 2024-04-30 13370110 frs-core:ComputerEquipment 2024-04-30 13370110 frs-core:ComputerEquipment 2023-05-01 2024-04-30 13370110 frs-core:ComputerEquipment 2023-04-30 13370110 frs-core:ShareCapital 2024-04-30 13370110 frs-core:RetainedEarningsAccumulatedLosses 2024-04-30 13370110 frs-bus:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 13370110 frs-bus:FilletedAccounts 2023-05-01 2024-04-30 13370110 frs-bus:SmallEntities 2023-05-01 2024-04-30 13370110 frs-bus:AuditExempt-NoAccountantsReport 2023-05-01 2024-04-30 13370110 frs-bus:SmallCompaniesRegimeForAccounts 2023-05-01 2024-04-30 13370110 frs-bus:Director1 2023-05-01 2024-04-30 13370110 frs-bus:Director2 2023-05-01 2024-04-30 13370110 frs-countries:EnglandWales 2023-05-01 2024-04-30 13370110 2022-04-30 13370110 2023-04-30 13370110 2022-05-01 2023-04-30 13370110 frs-core:CurrentFinancialInstruments 2023-04-30 13370110 frs-core:ShareCapital 2023-04-30 13370110 frs-core:RetainedEarningsAccumulatedLosses 2023-04-30
Registered number: 13370110
Moblse (Trading) Ltd
Unaudited Financial Statements
For The Year Ended 30 April 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 13370110
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 57,621 72,268
57,621 72,268
CURRENT ASSETS
Debtors 5 49,175 23,891
Cash at bank and in hand 204 661
49,379 24,552
Creditors: Amounts Falling Due Within One Year 6 (136,861 ) (105,939 )
NET CURRENT ASSETS (LIABILITIES) (87,482 ) (81,387 )
TOTAL ASSETS LESS CURRENT LIABILITIES (29,861 ) (9,119 )
NET LIABILITIES (29,861 ) (9,119 )
CAPITAL AND RESERVES
Called up share capital 7 100 100
Profit and Loss Account (29,961 ) (9,219 )
SHAREHOLDERS' FUNDS (29,861) (9,119)
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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 Dipak Patel
Director
03/01/2025
The notes on pages 3 to 4 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Moblse (Trading) Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 13370110 . The registered office is 7th Floor, 8 Shepherd Market, London, W1J 7JY.
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. 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 5 year straight line
2.4. 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 or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2023: NIL)
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4. Tangible Assets
Computer Equipment
£
Cost
As at 1 May 2023 78,545
Additions 1,080
As at 30 April 2024 79,625
Depreciation
As at 1 May 2023 6,277
Provided during the period 15,727
As at 30 April 2024 22,004
Net Book Value
As at 30 April 2024 57,621
As at 1 May 2023 72,268
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 897 359
Prepayments and accrued income 1,690 1,441
Other debtors 46,588 14,793
Other taxes and social security - 7,218
Directors' loan accounts - 80
49,175 23,891
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 16,509 15,136
Corporation tax 87 (79 )
Other taxes and social security 133 -
Directors' loan accounts 132 132
Amounts owed to other participating interests 120,000 90,750
136,861 105,939
7. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
8. Related Party Transactions
During the year the company bought services from V-360 Group Ltd of £7,687 (2023: £86,009). At the year end V-360 Group Ltd owed the company £Nil (2023: £Nil). The companies are related by virtue of being under common control.
During the year the company sold services to Roc4 Ltd of £431 (2023: £359). At the year end the company was owed £790 from Roc4 Limited (2023: £352). The companies are related by virtue of being under common control.
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