Acorah Software Products - Accounts Production 16.1.300 false true 31 July 2023 1 August 2022 false 1 August 2023 31 July 2024 31 July 2024 13199333 Mr Kai Leech iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 13199333 2023-07-31 13199333 2024-07-31 13199333 2023-08-01 2024-07-31 13199333 frs-core:CurrentFinancialInstruments 2024-07-31 13199333 frs-core:ComputerEquipment 2024-07-31 13199333 frs-core:ComputerEquipment 2023-08-01 2024-07-31 13199333 frs-core:ComputerEquipment 2023-07-31 13199333 frs-core:NetGoodwill 2024-07-31 13199333 frs-core:NetGoodwill 2023-08-01 2024-07-31 13199333 frs-core:NetGoodwill 2023-07-31 13199333 frs-core:ShareCapital 2024-07-31 13199333 frs-core:RetainedEarningsAccumulatedLosses 2024-07-31 13199333 frs-bus:PrivateLimitedCompanyLtd 2023-08-01 2024-07-31 13199333 frs-bus:FilletedAccounts 2023-08-01 2024-07-31 13199333 frs-bus:SmallEntities 2023-08-01 2024-07-31 13199333 frs-bus:AuditExempt-NoAccountantsReport 2023-08-01 2024-07-31 13199333 frs-bus:SmallCompaniesRegimeForAccounts 2023-08-01 2024-07-31 13199333 frs-bus:Director1 2023-08-01 2024-07-31 13199333 frs-countries:EnglandWales 2023-08-01 2024-07-31 13199333 2022-07-31 13199333 2023-07-31 13199333 2022-08-01 2023-07-31 13199333 frs-core:CurrentFinancialInstruments 2023-07-31 13199333 frs-core:ShareCapital 2023-07-31 13199333 frs-core:RetainedEarningsAccumulatedLosses 2023-07-31
Registered number: 13199333
OIK Limited
Financial Statements
For The Year Ended 31 July 2024
MUFTI & CO.
FINANCIAL ACCOUNTANTS
14 NATAL ROAD
ILFORD
ESSEX
IG1 2HA
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 13199333
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 7,380 9,840
Tangible Assets 5 1,124 2,249
8,504 12,089
CURRENT ASSETS
Debtors 6 7,849 21,700
Cash at bank and in hand 13,197 14,141
21,046 35,841
Creditors: Amounts Falling Due Within One Year 7 (15,019 ) (27,595 )
NET CURRENT ASSETS (LIABILITIES) 6,027 8,246
TOTAL ASSETS LESS CURRENT LIABILITIES 14,531 20,335
PROVISIONS FOR LIABILITIES
Deferred Taxation (214 ) (427 )
NET ASSETS 14,317 19,908
CAPITAL AND RESERVES
Called up share capital 8 200 200
Profit and Loss Account 14,117 19,708
SHAREHOLDERS' FUNDS 14,317 19,908
Page 1
Page 2
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 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 Kai Leech
Director
14/12/2024
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page. The company was incorporated on 12 February 2021 and commenced trading on 01 August 2022.
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. Intangible Fixed Assets and Amortisation - Goodwill
The acquisition goodwill has been recognised at cost less any impairment losses and being amortised over its useful life of 5 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 3
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2023: 1)
1 1
Page 3
Page 4
4. Intangible Assets
Goodwill
£
Cost
As at 1 August 2023 12,300
As at 31 July 2024 12,300
Amortisation
As at 1 August 2023 2,460
Provided during the period 2,460
As at 31 July 2024 4,920
Net Book Value
As at 31 July 2024 7,380
As at 1 August 2023 9,840
5. Tangible Assets
Computer Equipment
£
Cost
As at 1 August 2023 3,373
As at 31 July 2024 3,373
Depreciation
As at 1 August 2023 1,124
Provided during the period 1,125
As at 31 July 2024 2,249
Net Book Value
As at 31 July 2024 1,124
As at 1 August 2023 2,249
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 7,749 21,600
Other debtors 100 100
7,849 21,700
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Page 5
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Other creditors 1,715 11,194
Taxation and social security 13,304 16,401
15,019 27,595
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 200 200
Page 5