Acorah Software Products - Accounts Production 16.1.300 false true 31 December 2023 1 January 2023 false 1 January 2024 30 September 2024 30 September 2024 00855454 Mr Michael Babani iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 00855454 2023-12-31 00855454 2024-09-30 00855454 2024-01-01 2024-09-30 00855454 frs-core:CurrentFinancialInstruments 2024-09-30 00855454 frs-core:Non-currentFinancialInstruments 2024-09-30 00855454 frs-core:ComputerEquipment 2024-09-30 00855454 frs-core:ComputerEquipment 2024-01-01 2024-09-30 00855454 frs-core:ComputerEquipment 2023-12-31 00855454 frs-core:FurnitureFittings 2024-09-30 00855454 frs-core:FurnitureFittings 2024-01-01 2024-09-30 00855454 frs-core:FurnitureFittings 2023-12-31 00855454 frs-core:NetGoodwill 2024-09-30 00855454 frs-core:NetGoodwill 2024-01-01 2024-09-30 00855454 frs-core:NetGoodwill 2023-12-31 00855454 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-09-30 00855454 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-01-01 2024-09-30 00855454 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-12-31 00855454 frs-core:ShareCapital 2024-09-30 00855454 frs-core:RetainedEarningsAccumulatedLosses 2024-09-30 00855454 frs-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-09-30 00855454 frs-bus:FilletedAccounts 2024-01-01 2024-09-30 00855454 frs-bus:SmallEntities 2024-01-01 2024-09-30 00855454 frs-bus:AuditExempt-NoAccountantsReport 2024-01-01 2024-09-30 00855454 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-09-30 00855454 frs-bus:Director1 2024-01-01 2024-09-30 00855454 frs-countries:EnglandWales 2024-01-01 2024-09-30 00855454 2022-12-31 00855454 2023-12-31 00855454 2023-01-01 2023-12-31 00855454 frs-core:CurrentFinancialInstruments 2023-12-31 00855454 frs-core:Non-currentFinancialInstruments 2023-12-31 00855454 frs-core:ShareCapital 2023-12-31 00855454 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 00855454 frs-core:CurrentFinancialInstruments 1 2023-12-31
Registered number: 00855454
Bernard Babani (Publishing) Limited
Financial Statements
For the Period 1 January 2024 to 30 September 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 00855454
30 September 2024 31 December 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 168,259 170,779
168,259 170,779
CURRENT ASSETS
Stocks 6 - 99,528
Debtors 7 5,932 13,316
Cash at bank and in hand 337 846
6,269 113,690
Creditors: Amounts Falling Due Within One Year 8 (3,148 ) (37,979 )
NET CURRENT ASSETS (LIABILITIES) 3,121 75,711
TOTAL ASSETS LESS CURRENT LIABILITIES 171,380 246,490
Creditors: Amounts Falling Due After More Than One Year 9 (217,350 ) (312,510 )
NET LIABILITIES (45,970 ) (66,020 )
CAPITAL AND RESERVES
Called up share capital 10 320,000 320,000
Profit and Loss Account (365,970 ) (386,020 )
SHAREHOLDERS' FUNDS (45,970) (66,020)
Page 1
Page 2
For the period ending 30 September 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 Michael Babani
Director
16/01/2025
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
Bernard Babani (Publishing) Limited is a private company, limited by shares, incorporated in England & Wales, registered number 00855454 . The registered office is Wellington House, 273-275 High Street, London Colney, Hertfordshire, AL2 1HA.
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 .... 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:
Freehold -
Fixtures & Fittings 15% on reducing balance
Computer Equipment 15% on reducing balance
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. 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.
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.
...CONTINUED
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Page 4
2.6. Taxation - continued
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 and deferred tax are recognised in profit or loss for the period, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the period was: 2 (2023: 2)
2 2
4. Intangible Assets
Goodwill
£
Cost
As at 1 January 2024 215,000
As at 30 September 2024 215,000
Amortisation
As at 1 January 2024 44,221
Provided during the period 2,520
As at 30 September 2024 46,741
Net Book Value
As at 30 September 2024 168,259
As at 1 January 2024 170,779
5. Tangible Assets
Land & Property
Freehold Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 January 2024 - 6,901 40,978 47,879
Additions 25,000 - - 25,000
Disposals (25,000 ) - - (25,000 )
As at 30 September 2024 - 6,901 40,978 47,879
Depreciation
As at 1 January 2024 - 6,901 40,978 47,879
As at 30 September 2024 - 6,901 40,978 47,879
Net Book Value
As at 30 September 2024 - - - -
As at 1 January 2024 - - - -
Page 4
Page 5
6. Stocks
30 September 2024 31 December 2023
£ £
Stock - 99,528
7. Debtors
30 September 2024 31 December 2023
£ £
Due within one year
Trade debtors 5,738 6,146
Prepayments and accrued income 194 7,170
5,932 13,316
8. Creditors: Amounts Falling Due Within One Year
30 September 2024 31 December 2023
£ £
Trade creditors 628 15,492
Net wages - 738
Credit Card - 789
Accruals and deferred income 2,520 2,520
Director's loan account - 18,440
3,148 37,979
9. Creditors: Amounts Falling Due After More Than One Year
30 September 2024 31 December 2023
£ £
Other creditors 217,350 312,510
10. Share Capital
30 September 2024 31 December 2023
£ £
Allotted, Called up and fully paid 320,000 320,000
Page 5