Acorah Software Products - Accounts Production 15.0.600 false true 26 February 2023 27 February 2022 false 27 February 2023 26 February 2024 26 February 2024 08903044 Mr Hammood Bandar Ajeel Al-Sadoon iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 08903044 2023-02-26 08903044 2024-02-26 08903044 2023-02-27 2024-02-26 08903044 frs-core:CurrentFinancialInstruments 2024-02-26 08903044 frs-core:Non-currentFinancialInstruments 2024-02-26 08903044 frs-core:MotorVehicles 2024-02-26 08903044 frs-core:MotorVehicles 2023-02-27 2024-02-26 08903044 frs-core:MotorVehicles 2023-02-26 08903044 frs-core:ShareCapital 2024-02-26 08903044 frs-core:RetainedEarningsAccumulatedLosses 2024-02-26 08903044 frs-bus:PrivateLimitedCompanyLtd 2023-02-27 2024-02-26 08903044 frs-bus:FilletedAccounts 2023-02-27 2024-02-26 08903044 frs-bus:SmallEntities 2023-02-27 2024-02-26 08903044 frs-bus:AuditExempt-NoAccountantsReport 2023-02-27 2024-02-26 08903044 frs-bus:SmallCompaniesRegimeForAccounts 2023-02-27 2024-02-26 08903044 frs-bus:Director1 2023-02-27 2024-02-26 08903044 frs-countries:EnglandWales 2023-02-27 2024-02-26 08903044 2022-02-26 08903044 2023-02-26 08903044 2022-02-27 2023-02-26 08903044 frs-core:CurrentFinancialInstruments 2023-02-26 08903044 frs-core:Non-currentFinancialInstruments 2023-02-26 08903044 frs-core:ShareCapital 2023-02-26 08903044 frs-core:RetainedEarningsAccumulatedLosses 2023-02-26
Registered number: 08903044
RIYADH ALKHLEEJ LTD
Unaudited Financial Statements
For The Year Ended 26 February 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 08903044
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 458 917
458 917
CURRENT ASSETS
Cash at bank and in hand 20,559 10,946
20,559 10,946
Creditors: Amounts Falling Due Within One Year 5 (76,707 ) (62,038 )
NET CURRENT ASSETS (LIABILITIES) (56,148 ) (51,092 )
TOTAL ASSETS LESS CURRENT LIABILITIES (55,690 ) (50,175 )
Creditors: Amounts Falling Due After More Than One Year 6 (300,000 ) (300,000 )
NET LIABILITIES (355,690 ) (350,175 )
CAPITAL AND RESERVES
Called up share capital 7 100 100
Profit and Loss Account (355,790 ) (350,275 )
SHAREHOLDERS' FUNDS (355,690) (350,175)
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For the year ending 26 February 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 Hammood Bandar Ajeel Al-Sadoon
Director
09/01/2025
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
RIYADH ALKHLEEJ LTD is a private company, limited by shares, incorporated in England & Wales, registered number 08903044 . The registered office is 20 Mortlake High Street, Ground Floor Shop 2, London, SW14 8JN.
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.

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:
Motor Vehicles 20% Straight Line Method
2.4. Financial Instruments
Basic financial instruments are recognised at amortized cost, except for investments in non-convertible preference and non puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss
2.5. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
2.6. 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.
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2.7. Critical accounting judgements and key sources of estimation uncertainty
In the application of the Company's accounting policies, the directors are required to make judgments, estimates
and assumptions about the carrying amounts of assets and liabilities that are not readily apparent from other
sources.
The estimates and associated assumptions are based on historical experience and other factors that are considered
to be relevant. Actual results may differ from these estimates. The estimates and underlying assumptions are
reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate
is revised if the revision affects only that period, or in the period of the revision and future periods if the revision
affects both current and future periods.
The Directors do not consider there are any critical judgments or sources of estimation uncertainty requiring
disclosure beyond the accounting policies listed below.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 3)
2 3
4. Tangible Assets
Motor Vehicles
£
Cost
As at 27 February 2023 2,293
As at 26 February 2024 2,293
Depreciation
As at 27 February 2023 1,376
Provided during the period 459
As at 26 February 2024 1,835
Net Book Value
As at 26 February 2024 458
As at 27 February 2023 917
5. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 300 -
Other creditors 74,580 61,399
Taxation and social security 1,827 639
76,707 62,038
6. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Other creditors 300,000 300,000
Mr Hammood Bandar Ajeel Al-Sadoon is the director and shareholder of the company who has invested £300,000 up to the year ended 26 February 2023 by the way of director’s loan. The loan is interest free, unsecured and subordinated in favour of third party creditors of the company. The loan is repayable in 10 years.
7. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
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8. Related Party Transactions
The company was controlled throughout the current period by Mr Hammood Bandar Ajeel Al-Sadoon by virtue of
ownership of the entire issued share capital.
9. Going Concern Disclosure
Notwithstanding the deficiency in net assets of the company, the financial statements have been prepared in accordance with the accounting principles applicable to a going concern, on the basis of continuing financial support being provided by the director.
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