Acorah Software Products - Accounts Production 16.1.300 false true 30 April 2023 1 May 2022 false 1 May 2023 30 April 2024 30 April 2024 11337675 Mr Erick Nwanshi iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 11337675 2023-04-30 11337675 2024-04-30 11337675 2023-05-01 2024-04-30 11337675 frs-core:CurrentFinancialInstruments 2024-04-30 11337675 frs-core:Non-currentFinancialInstruments 2024-04-30 11337675 frs-core:ComputerEquipment 2024-04-30 11337675 frs-core:ComputerEquipment 2023-05-01 2024-04-30 11337675 frs-core:ComputerEquipment 2023-04-30 11337675 frs-core:ShareCapital 2024-04-30 11337675 frs-core:RetainedEarningsAccumulatedLosses 2024-04-30 11337675 frs-bus:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 11337675 frs-bus:FilletedAccounts 2023-05-01 2024-04-30 11337675 frs-bus:SmallEntities 2023-05-01 2024-04-30 11337675 frs-bus:AuditExempt-NoAccountantsReport 2023-05-01 2024-04-30 11337675 frs-bus:SmallCompaniesRegimeForAccounts 2023-05-01 2024-04-30 11337675 frs-bus:Director1 2023-05-01 2024-04-30 11337675 frs-bus:Director1 2023-04-30 11337675 frs-bus:Director1 2024-04-30 11337675 frs-countries:EnglandWales 2023-05-01 2024-04-30 11337675 2022-04-30 11337675 2023-04-30 11337675 2022-05-01 2023-04-30 11337675 frs-core:CurrentFinancialInstruments 2023-04-30 11337675 frs-core:Non-currentFinancialInstruments 2023-04-30 11337675 frs-core:ShareCapital 2023-04-30 11337675 frs-core:RetainedEarningsAccumulatedLosses 2023-04-30
Registered number: 11337675
Nwanshi Consulting Ltd
Unaudited Financial Statements
For The Year Ended 30 April 2024
ATB Accounting Ltd
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 11337675
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 - 318
- 318
CURRENT ASSETS
Debtors 5 39,618 37,658
Cash at bank and in hand 504 5,751
40,122 43,409
Creditors: Amounts Falling Due Within One Year 6 (32,709 ) (31,099 )
NET CURRENT ASSETS (LIABILITIES) 7,413 12,310
TOTAL ASSETS LESS CURRENT LIABILITIES 7,413 12,628
Creditors: Amounts Falling Due After More Than One Year 7 (7,254 ) (12,254 )
NET ASSETS 159 374
CAPITAL AND RESERVES
Called up share capital 8 1 1
Profit and Loss Account 158 373
SHAREHOLDERS' FUNDS 159 374
Page 1
Page 2
For the year ending 30 April 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 Erick Nwanshi
Director
20/01/2025
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
Nwanshi Consulting Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 11337675 . The registered office is 49 Monks Way, Reading, RG30 3DP.
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:
Computer Equipment 33% reducing balance
2.4. Taxation
Income tax expense represents the sum of the tax currently payable.
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 year 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.
Current 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 tax is also recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
1Average number of employees, including directors, during the year was: NIL (2023: 1)
- 1
4. Tangible Assets
Computer Equipment
£
Cost
As at 1 May 2023 3,178
As at 30 April 2024 3,178
Depreciation
As at 1 May 2023 2,860
Provided during the period 318
As at 30 April 2024 3,178
...CONTINUED
Page 3
Page 4
Net Book Value
As at 30 April 2024 -
As at 1 May 2023 318
5. Debtors
2024 2023
£ £
Due within one year
Other debtors 2,838 2,284
Director's loan account 25,336 23,930
28,174 26,214
Due after more than one year
Corporation tax recoverable assets 11,444 11,444
39,618 37,658
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors (1 ) -
Bank loans and overdrafts 6,143 6,105
Corporation tax 22,441 18,796
VAT 3,131 5,203
Accruals and deferred income 995 995
32,709 31,099
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 7,254 12,254
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1 1
9. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 May 2023 Amounts advanced Amounts repaid Amounts written off As at 30 April 2024
£ £ £ £ £
Mr Erick Nwanshi 23,929 1,406 - - 25,335
The above loan is unsecured and repayable on demand. Interest is charged at the official rate of interest.
Dividends paid to directors
2024 2023
£ £
Mr Erick Nwanshi 33,490 79,000
Page 4
Page 5
10. Dividends
2024 2023
£ £
On equity shares:
Final dividend paid 33,490 79,000
Page 5