Acorah Software Products - Accounts Production 16.1.200 false true true 27 April 2023 28 April 2022 false 28 April 2023 27 April 2024 27 April 2024 09014837 Mr Tulasi Naidu Gara iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 09014837 2023-04-27 09014837 2024-04-27 09014837 2023-04-28 2024-04-27 09014837 frs-core:Non-currentFinancialInstruments 2024-04-27 09014837 frs-core:MotorVehicles 2023-04-28 2024-04-27 09014837 frs-core:ShareCapital 2024-04-27 09014837 frs-core:RetainedEarningsAccumulatedLosses 2024-04-27 09014837 frs-bus:PrivateLimitedCompanyLtd 2023-04-28 2024-04-27 09014837 frs-bus:AbridgedAccounts 2023-04-28 2024-04-27 09014837 frs-bus:SmallEntities 2023-04-28 2024-04-27 09014837 frs-bus:AuditExempt-NoAccountantsReport 2023-04-28 2024-04-27 09014837 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-28 2024-04-27 09014837 frs-bus:Director1 2023-04-28 2024-04-27 09014837 frs-countries:EnglandWales 2023-04-28 2024-04-27 09014837 2022-04-27 09014837 2023-04-27 09014837 2022-04-28 2023-04-27 09014837 frs-core:Non-currentFinancialInstruments 2023-04-27 09014837 frs-core:ShareCapital 2023-04-27 09014837 frs-core:RetainedEarningsAccumulatedLosses 2023-04-27
Registered number: 09014837
PRAGNAYA TECHNOLOGIES LIMITED
Unaudited ABRIDGED Financial Statements
For The Year Ended 27 April 2024
Contents
Page
Abridged Balance Sheet 1—2
Notes to the Abridged Financial Statements 3—4
Page 1
Abridged Balance Sheet
Registered number: 09014837
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 52,516 -
52,516 -
CURRENT ASSETS
Debtors 5 85,446 105,546
Cash at bank and in hand 36,868 65,240
122,314 170,786
Creditors: Amounts Falling Due Within One Year (21,013 ) (37,691 )
NET CURRENT ASSETS (LIABILITIES) 101,301 133,095
TOTAL ASSETS LESS CURRENT LIABILITIES 153,817 133,095
Creditors: Amounts Falling Due After More Than One Year (32,013 ) (17,814 )
PROVISIONS FOR LIABILITIES
Deferred Taxation 6 (9,978 ) -
NET ASSETS 111,826 115,281
CAPITAL AND RESERVES
Called up share capital 7 10 10
Profit and Loss Account 111,816 115,271
SHAREHOLDERS' FUNDS 111,826 115,281
Page 1
Page 2
For the year ending 27 April 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 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.
All of the company's members have consented to the preparation of an Abridged Balance Sheet for the year end 27 April 2024 in accordance with section 444(2A) of the Companies Act 2006.
On behalf of the board
Mr Tulasi Naidu Gara
Director
28/12/2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
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Notes to the Abridged Financial Statements
1. General Information
PRAGNAYA TECHNOLOGIES LIMITED is a private company, limited by shares, incorporated in England & Wales, registered number 09014837 . The registered office is 26 Harbury Road, Carshalton, SM5 4LA.
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. The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
2.2. Going Concern Disclosure
At the time of approving the financial statement, the director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the director continues to adopt the going concern basis of accounting in preparing the financial statements.
2.3. 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 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.
2.4. 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:
Motor Vehicles 20% per annum on a straight line method
2.5. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
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 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.
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 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.
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2.7. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 1)
2 1
4. Tangible Assets
Total
£
Cost
As at 28 April 2023 -
Additions 57,290
As at 27 April 2024 57,290
Depreciation
As at 28 April 2023 -
Provided during the period 4,774
As at 27 April 2024 4,774
Net Book Value
As at 27 April 2024 52,516
As at 28 April 2023 -
5. Debtors
2024 2023
£ £
Due after more than one year
Corporation tax recoverable assets 14,016 14,016
6. Deferred Taxation
The provision for deferred tax is made up as follows:
2024 2023
£ £
Other timing differences 9,978 -
7. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 10 10
8. Dividends
2024 2023
£ £
On equity shares:
Final dividend paid 60,000 73,150
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