Acorah Software Products - Accounts Production 16.1.200 false true 31 May 2023 1 June 2022 false 28 December 2024 1 June 2023 31 May 2024 31 May 2024 04755084 Mr Sukamal BANERJEE Mr Shyam PAWAR iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 04755084 2023-05-31 04755084 2024-05-31 04755084 2023-06-01 2024-05-31 04755084 frs-core:CurrentFinancialInstruments 2024-05-31 04755084 frs-core:ComputerEquipment 2024-05-31 04755084 frs-core:ComputerEquipment 2023-06-01 2024-05-31 04755084 frs-core:ComputerEquipment 2023-05-31 04755084 frs-core:ShareCapital 2024-05-31 04755084 frs-core:RetainedEarningsAccumulatedLosses 2024-05-31 04755084 frs-bus:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 04755084 frs-bus:FilletedAccounts 2023-06-01 2024-05-31 04755084 frs-bus:SmallEntities 2023-06-01 2024-05-31 04755084 frs-bus:Audited 2023-06-01 2024-05-31 04755084 frs-bus:SmallCompaniesRegimeForAccounts 2023-06-01 2024-05-31 04755084 frs-bus:Director1 2023-06-01 2024-05-31 04755084 frs-bus:Director2 2023-06-01 2024-05-31 04755084 frs-countries:EnglandWales 2023-06-01 2024-05-31 04755084 2022-05-31 04755084 2023-05-31 04755084 2022-06-01 2023-05-31 04755084 frs-core:CurrentFinancialInstruments 2023-05-31 04755084 frs-core:ShareCapital 2023-05-31 04755084 frs-core:RetainedEarningsAccumulatedLosses 2023-05-31
Registered number: 04755084
Xoriant UK Limited
Financial Statements
For The Year Ended 31 May 2024
SAWHNEY CONSULTING
C/O Sawhney Consulting Limited
429 - 433 Pinner Road
Harrow
HA1 4HN
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—3
Page 1
Balance Sheet
Registered number: 04755084
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 2,536 1,677
2,536 1,677
CURRENT ASSETS
Debtors 5 329,650 139,851
Cash at bank and in hand 134,895 268,702
464,545 408,553
Creditors: Amounts Falling Due Within One Year 6 (996,930 ) (765,620 )
NET CURRENT ASSETS (LIABILITIES) (532,385 ) (357,067 )
TOTAL ASSETS LESS CURRENT LIABILITIES (529,849 ) (355,390 )
NET LIABILITIES (529,849 ) (355,390 )
CAPITAL AND RESERVES
Called up share capital 7 1 1
Profit and Loss Account (529,850 ) (355,391 )
SHAREHOLDERS' FUNDS (529,849) (355,390)
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 Sukamal BANERJEE
Director
20 December 2024
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
Xoriant UK Limited is a private company, limited by shares, incorporated in England & Wales, registered number 04755084 . The registered office is Harrow Business Centre, 429-433 Pinner Road, North Harrow, Middlesex, HA1 4HN.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
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 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.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Computer Equipment 25% Reducing Balance
2.4. Foreign Currencies
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
2.5. Work in Progress (Amount recoverable on contracts)
Provision has been made for unbilled work as "work in progress" using the provision of FRS 102 for partially completed service contracts.
2.6. Going Concern
The accounts are prepared on a going concern basis notwithstanding the fact that the company balance sheet has a negative equity. The company has loans due to group undertakings which are interest free loans and will not be recalled and the company will continue to receive financial assistance until such time the company can financially sustain itself. 
3. Average Number of Employees
Average number of employees, including directors, during the year was: 7 (2023: 7)
7 7
4. Tangible Assets
Computer Equipment
£
Cost
As at 1 June 2023 2,997
Additions 3,143
Disposals (1,715 )
As at 31 May 2024 4,425
Depreciation
As at 1 June 2023 1,320
Provided during the period 569
As at 31 May 2024 1,889
...CONTINUED
Page 2
Page 3
Net Book Value
As at 31 May 2024 2,536
As at 1 June 2023 1,677
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 256,583 62,711
Other debtors 17,009 8,092
VAT 56,058 69,048
329,650 139,851
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 3,224 11,154
Other taxes and social security 954 1,468
Other creditors 992,752 102,349
Amounts owed to group undertakings - 650,649
996,930 765,620
7. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1 1
8. Other information
XORIANT UK LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
Harrow Business Centre,
429-433 Pinner Road, North Harrow,
Middlesex
United Kingdom
HA1 4HN
9. Audit Information
The auditor's report on the accounts of Xoriant UK Limited for the year ended 31 May 2024 was unqualified.
The auditor's report was signed by Mr Opinder Singh Sawhney (Senior Statutory Auditor) for and on behalf of Sawhney Consulting Limited , Statutory Auditor.
Page 3