Acorah Software Products - Accounts Production 16.1.300 false true 31 August 2023 1 September 2022 false 1 September 2023 31 August 2024 31 August 2024 09730316 Mr Shantanu Mukherjee Mrs Anindita Mukherjee Mrs Anindita Mukherjee iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 09730316 2023-08-31 09730316 2024-08-31 09730316 2023-09-01 2024-08-31 09730316 frs-core:CurrentFinancialInstruments 2024-08-31 09730316 frs-core:FurnitureFittings 2024-08-31 09730316 frs-core:FurnitureFittings 2023-09-01 2024-08-31 09730316 frs-core:FurnitureFittings 2023-08-31 09730316 frs-core:PlantMachinery 2024-08-31 09730316 frs-core:PlantMachinery 2023-09-01 2024-08-31 09730316 frs-core:PlantMachinery 2023-08-31 09730316 frs-core:ShareCapital 2024-08-31 09730316 frs-core:RetainedEarningsAccumulatedLosses 2024-08-31 09730316 frs-bus:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 09730316 frs-bus:FilletedAccounts 2023-09-01 2024-08-31 09730316 frs-bus:SmallEntities 2023-09-01 2024-08-31 09730316 frs-bus:AuditExempt-NoAccountantsReport 2023-09-01 2024-08-31 09730316 frs-bus:SmallCompaniesRegimeForAccounts 2023-09-01 2024-08-31 09730316 frs-bus:Director1 2023-09-01 2024-08-31 09730316 frs-bus:Director2 2023-09-01 2024-08-31 09730316 frs-bus:CompanySecretary1 2023-09-01 2024-08-31 09730316 frs-core:CurrentFinancialInstruments 1 2024-08-31 09730316 frs-core:CurrentFinancialInstruments 2 2024-08-31 09730316 frs-countries:EnglandWales 2023-09-01 2024-08-31 09730316 2022-08-31 09730316 2023-08-31 09730316 2022-09-01 2023-08-31 09730316 frs-core:CurrentFinancialInstruments 2023-08-31 09730316 frs-core:ShareCapital 2023-08-31 09730316 frs-core:RetainedEarningsAccumulatedLosses 2023-08-31 09730316 frs-core:CurrentFinancialInstruments 1 2023-08-31 09730316 frs-core:CurrentFinancialInstruments 2 2023-08-31
Registered number: 09730316
Saanchi Solutions Limited
Unaudited Financial Statements
For The Year Ended 31 August 2024
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—3
Page 1
Balance Sheet
Registered number: 09730316
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 1,295 950
1,295 950
CURRENT ASSETS
Debtors 5 30,240 116,146
Cash at bank and in hand 364,276 265,875
394,516 382,021
Creditors: Amounts Falling Due Within One Year 6 (235,205 ) (179,670 )
NET CURRENT ASSETS (LIABILITIES) 159,311 202,351
TOTAL ASSETS LESS CURRENT LIABILITIES 160,606 203,301
NET ASSETS 160,606 203,301
CAPITAL AND RESERVES
Called up share capital 7 20,000 20,000
Profit and Loss Account 140,606 183,301
SHAREHOLDERS' FUNDS 160,606 203,301
For the year ending 31 August 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 Shantanu Mukherjee
Director
16 January 2025
The notes on pages 2 to 3 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
Saanchi Solutions Limited is a private company, limited by shares, incorporated in England & Wales, registered number 09730316 . The registered office is Fairgate House, 205 Kings Road, Tyseley, Birmingham, B11 2AA.
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:
Plant & Machinery 33% straight line
Fixtures & Fittings 20% 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 and deferred tax are recognised in profit or loss for the year, 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 year was: 8 (2023: 10)
8 10
Page 2
Page 3
4. Tangible Assets
Plant & Machinery Fixtures & Fittings Total
£ £ £
Cost
As at 1 September 2023 6,634 154 6,788
Additions 730 608 1,338
As at 31 August 2024 7,364 762 8,126
Depreciation
As at 1 September 2023 5,776 62 5,838
Provided during the period 841 152 993
As at 31 August 2024 6,617 214 6,831
Net Book Value
As at 31 August 2024 747 548 1,295
As at 1 September 2023 858 92 950
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 30,240 111,480
Amounts owed by other participating interests - 4,666
30,240 116,146
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 1,747 5,028
Corporation tax 35,857 26,833
Other taxes and social security 7,523 6,030
VAT 22,505 20,074
Net wages 19,546 20,175
Auto enrolment pensions 1,460 1,069
Credit card 80 98
Directors' loan accounts 1,487 363
Amounts owed to group undertakings 145,000 100,000
235,205 179,670
7. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 20,000 20,000
Page 3