Acorah Software Products - Accounts Production 16.1.200 false true true 31 July 2023 1 August 2022 false 1 August 2023 31 July 2024 31 July 2024 12130234 Mr Thomas Fuller Ms Amrita Govindji-Bruce Mr Jason Govindji-Bruce Mr Duncan Wolverson iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 12130234 2023-07-31 12130234 2024-07-31 12130234 2023-08-01 2024-07-31 12130234 frs-core:CurrentFinancialInstruments 2024-07-31 12130234 frs-core:Non-currentFinancialInstruments 2024-07-31 12130234 frs-core:ComputerEquipment 2024-07-31 12130234 frs-core:ComputerEquipment 2023-08-01 2024-07-31 12130234 frs-core:ComputerEquipment 2023-07-31 12130234 frs-core:FurnitureFittings 2024-07-31 12130234 frs-core:FurnitureFittings 2023-08-01 2024-07-31 12130234 frs-core:FurnitureFittings 2023-07-31 12130234 frs-core:ShareCapital 2024-07-31 12130234 frs-core:RetainedEarningsAccumulatedLosses 2024-07-31 12130234 frs-bus:PrivateLimitedCompanyLtd 2023-08-01 2024-07-31 12130234 frs-bus:FilletedAccounts 2023-08-01 2024-07-31 12130234 frs-bus:SmallEntities 2023-08-01 2024-07-31 12130234 frs-bus:AuditExempt-NoAccountantsReport 2023-08-01 2024-07-31 12130234 frs-bus:SmallCompaniesRegimeForAccounts 2023-08-01 2024-07-31 12130234 frs-bus:Director1 2023-08-01 2024-07-31 12130234 frs-bus:Director1 2023-07-31 12130234 frs-bus:Director1 2024-07-31 12130234 frs-bus:Director2 2023-08-01 2024-07-31 12130234 frs-bus:Director3 2023-08-01 2024-07-31 12130234 frs-bus:Director3 2023-07-31 12130234 frs-bus:Director3 2024-07-31 12130234 frs-bus:Director4 2023-08-01 2024-07-31 12130234 frs-countries:EnglandWales 2023-08-01 2024-07-31 12130234 2022-07-31 12130234 2023-07-31 12130234 2022-08-01 2023-07-31 12130234 frs-core:CurrentFinancialInstruments 2023-07-31 12130234 frs-core:Non-currentFinancialInstruments 2023-07-31 12130234 frs-core:ShareCapital 2023-07-31 12130234 frs-core:RetainedEarningsAccumulatedLosses 2023-07-31
Registered number: 12130234
Nori Hr And Employment Law Limited
Unaudited Financial Statements
For The Year Ended 31 July 2024
Cloud 10 Accounting
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 12130234
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 40,568 41,524
40,568 41,524
CURRENT ASSETS
Debtors 5 167,866 101,193
Cash at bank and in hand 79,126 83,268
246,992 184,461
Creditors: Amounts Falling Due Within One Year 6 (366,889 ) (98,917 )
NET CURRENT ASSETS (LIABILITIES) (119,897 ) 85,544
TOTAL ASSETS LESS CURRENT LIABILITIES (79,329 ) 127,068
Creditors: Amounts Falling Due After More Than One Year 7 (168,067 ) (201,475 )
PROVISIONS FOR LIABILITIES
Deferred Taxation - (7,890 )
NET LIABILITIES (247,396 ) (82,297 )
CAPITAL AND RESERVES
Called up share capital 8 1,000 100
Profit and Loss Account (248,396 ) (82,397 )
SHAREHOLDERS' FUNDS (247,396) (82,297)
Page 1
Page 2
For the year ending 31 July 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 Jason Govindji-Bruce
Director
24/09/2024
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Nori Hr And Employment Law Limited is a private company, limited by shares, incorporated in England & Wales, registered number 12130234 . The registered office is Oswaldtwistle Mills Clifton Mill, Pickup Street, Accrington, Lancashire, BB5 0EY.
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. Going Concern Disclosure
The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern. The company has forecasted to make a profit in this financial year based on current performance, improving the financial stability of the company. 
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 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.
2.4. 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:
Fixtures & Fittings 20% Straight Line
Computer Equipment 25% Reducing Balance
2.5. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
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 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 or deferred 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 and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
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3. Average Number of Employees
Average number of employees, including directors, during the year was: 11 (2023: 7)
11 7
4. Tangible Assets
Fixtures & Fittings Computer Equipment Total
£ £ £
Cost
As at 1 August 2023 30,844 32,301 63,145
Additions - 10,389 10,389
As at 31 July 2024 30,844 42,690 73,534
Depreciation
As at 1 August 2023 9,904 11,717 21,621
Provided during the period 4,896 6,449 11,345
As at 31 July 2024 14,800 18,166 32,966
Net Book Value
As at 31 July 2024 16,044 24,524 40,568
As at 1 August 2023 20,940 20,584 41,524
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 21,654 11,517
Other debtors 143,976 89,676
165,630 101,193
Due after more than one year
Other debtors 2,236 -
167,866 101,193
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 39,097 18,390
Bank loans and overdrafts 175,454 34,481
Other creditors 116,204 14,345
Taxation and social security 36,134 31,701
366,889 98,917
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 168,067 201,475
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8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1,000 100
9. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 August 2023 Amounts advanced Amounts repaid Amounts written off As at 31 July 2024
£ £ £ £ £
Ms Amrita Govindji-Bruce 24,526 18,080 - - 42,606
Mr Jason Govindji-Bruce 24,777 41,895 - - 66,672
The above loan is unsecured, interest free and repayable on demand.
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