Acorah Software Products - Accounts Production 15.0.400 false true 30 April 2023 1 May 2022 true No description of principal activity 1 May 2023 30 April 2024 30 April 2024 05108742 Mr Malan Parbat Mr Somat Parbat iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 05108742 2023-04-30 05108742 2024-04-30 05108742 2023-05-01 2024-04-30 05108742 frs-core:CurrentFinancialInstruments 2024-04-30 05108742 frs-core:Non-currentFinancialInstruments 2024-04-30 05108742 frs-core:ComputerEquipment 2024-04-30 05108742 frs-core:ComputerEquipment 2023-05-01 2024-04-30 05108742 frs-core:ComputerEquipment 2023-04-30 05108742 frs-core:MotorVehicles 2024-04-30 05108742 frs-core:MotorVehicles 2023-05-01 2024-04-30 05108742 frs-core:MotorVehicles 2023-04-30 05108742 frs-core:PlantMachinery 2024-04-30 05108742 frs-core:PlantMachinery 2023-05-01 2024-04-30 05108742 frs-core:PlantMachinery 2023-04-30 05108742 frs-core:RetainedEarningsAccumulatedLosses 2024-04-30 05108742 frs-bus:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 05108742 frs-bus:FullAccounts 2023-05-01 2024-04-30 05108742 frs-bus:SmallEntities 2023-05-01 2024-04-30 05108742 frs-bus:AuditExemptWithAccountantsReport 2023-05-01 2024-04-30 05108742 frs-bus:SmallCompaniesRegimeForAccounts 2023-05-01 2024-04-30 05108742 frs-bus:SmallCompaniesRegimeForDirectorsReport 2023-05-01 2024-04-30 05108742 frs-bus:Director1 2023-05-01 2024-04-30 05108742 frs-bus:Director1 2023-04-30 05108742 frs-bus:Director1 2024-04-30 05108742 frs-bus:Director2 2023-05-01 2024-04-30 05108742 frs-countries:EnglandWales 2023-05-01 2024-04-30 05108742 2022-04-30 05108742 2023-04-30 05108742 2022-05-01 2023-04-30 05108742 frs-core:CurrentFinancialInstruments 2023-04-30 05108742 frs-core:Non-currentFinancialInstruments 2023-04-30 05108742 frs-core:RetainedEarningsAccumulatedLosses 2023-04-30
Registered number: 05108742
Indi Stones Limited
Directors' Report and
Unaudited Financial Statements
For The Year Ended 30 April 2024
TaxAssist Accountants
Directors' Report and Unaudited Financial Statements
Contents
Page
Company Information 1
Directors' Report 2
Accountant's Report 3
Profit and Loss Account 4
Balance Sheet 5
Notes to the Financial Statements 6—7
Page 1
Company Information
Directors Mr Malan Parbat
Mr Somat Parbat
Company Number 05108742
Registered Office 1 Rycroft Avenue
Deeping St. James
Peterborough
PE6 8NT
Accountants TaxAssist Accountants
6 Minerva Business Park
Lynch Wood
Peterborough
PE2 6FT
Page 1
Page 2
Directors' Report
The directors present their report and the financial statements for the year ended 30 April 2024.
Directors
The directors who held office during the year were as follows:
Mr Malan Parbat
Mr Somat Parbat
Statement of Directors' Responsibilities
The directors are responsible for preparing the Directors' Report and the financial statements in accordance with applicable law and regulations.
Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing the financial statements the directors are required to:
  • select suitable accounting policies and then apply them consistently;
  • make judgments and accounting estimates that are reasonable and prudent;
  • prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.
The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The directors are responsible for the maintenance and integrity of the corporate and financial information included on the company's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.
Small Company Rules
This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
On behalf of the board
Mr Malan Parbat
Director
01/11/2024
Page 2
Page 3
Accountant's Report
In accordance with the engagement letter dated , and in order to assist you to fulfil your duties under the Companies Act 2006, we have compiled the financial statements of the company from the accounting records and information and explanations you have given to us.
This report is made to the directors in accordance with the terms of our engagement. Our work has been undertaken to prepare for approval by the directors the financial statements that we have been engaged to compile, to report to the directors that we have done so, and to state those matters that we have agreed to state to them in this report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the Company and the Company's directors for our work or for this report.
You have acknowledged on the balance sheet as at year ended 30 April 2024 your duty to ensure that the company has kept proper accounting records and to prepare financial statements that give a true and fair view under the Companies Act 2006. You consider that the company is exempt from the statutory requirement for an audit for the year.
We have not been instructed to carry out an audit of the financial statements. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the financial statements.
Signed
01/11/2024
TaxAssist Accountants
6 Minerva Business Park
Lynch Wood
Peterborough
PE2 6FT
Page 3
Page 4
Profit and Loss Account
2024 2023
Notes £ £
TURNOVER 1,619,635 1,568,839
Cost of sales (1,309,154 ) (1,561,087 )
GROSS PROFIT 310,481 7,752
Administrative expenses (212,439 ) (187,194 )
OPERATING PROFIT/(LOSS) AND PROFIT/(LOSS) FOR THE FINANCIAL YEAR 98,042 (179,442 )
The notes on pages 6 to 7 form part of these financial statements.
Page 4
Page 5
Balance Sheet
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 9,010 9,864
9,010 9,864
CURRENT ASSETS
Stocks 5 936,715 1,140,064
Debtors 6 120,186 8,406
Cash at bank and in hand 106,082 56,984
1,162,983 1,205,454
Creditors: Amounts Falling Due Within One Year 7 (1,175,625 ) (1,310,763 )
NET CURRENT ASSETS (LIABILITIES) (12,642 ) (105,309 )
TOTAL ASSETS LESS CURRENT LIABILITIES (3,632 ) (95,445 )
Creditors: Amounts Falling Due After More Than One Year 8 17,136 10,907
NET ASSETS/(LIABILITIES) 13,504 (84,538 )
Profit and Loss Account 13,504 (84,538 )
SHAREHOLDERS' FUNDS 13,504 (84,538)
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 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 in accordance with the provisions applicable to companies subject to the small companies' regime.
On behalf of the board
Mr Malan Parbat
Director
01/11/2024
The notes on pages 6 to 7 form part of these financial statements.
Page 5
Page 6
Notes to the Financial Statements
1. General Information
Indi Stones Limited is a private company, limited by shares, incorporated in England & Wales, registered number 05108742 . The registered office is 1 Rycroft Avenue, Deeping St. James, Peterborough, PE6 8NT.
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 25%
Motor Vehicles 25%
Computer Equipment 33%
2.4. 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 4 (2023: 5)
4 5
4. Tangible Assets
Plant & Machinery Motor Vehicles Computer Equipment Total
£ £ £ £
Cost
As at 1 May 2023 2,671 38,073 5,823 46,567
Additions - - 2,598 2,598
As at 30 April 2024 2,671 38,073 8,421 49,165
Depreciation
As at 1 May 2023 1,998 30,492 4,213 36,703
Provided during the period 168 1,895 1,389 3,452
As at 30 April 2024 2,166 32,387 5,602 40,155
...CONTINUED
Page 6
Page 7
Net Book Value
As at 30 April 2024 505 5,686 2,819 9,010
As at 1 May 2023 673 7,581 1,610 9,864
5. Stocks
2024 2023
£ £
Finished goods 936,715 1,140,064
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 65,583 (34,793 )
Other taxes and social security 1,138 2,581
Net wages - 3,052
Directors' loan accounts 53,465 37,566
120,186 8,406
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Corporation tax (10,464 ) (10,464 )
VAT 485,012 494,739
Net wages 6,790 -
Other creditors 694,287 826,488
1,175,625 1,310,763
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans (17,136 ) (10,907 )
(17,136 ) (10,907 )
9. Share Capital
2024 2023
£ £
10. 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 Malanday Parbat (37,566 ) 20,000 4,101 - 53,465
The above loan is unsecured, interest free and repayable on demand.
Page 7