Acorah Software Products - Accounts Production 16.0.110 false true 30 April 2023 1 May 2022 false 1 May 2023 30 April 2024 30 April 2024 06875461 Dr Venkatraj Konan Mrs Kamaljeet Chohan Mr Satnam Chohan Mrs Kamaljeet Kaur Chohan and Mr Venkatraj Goud Konan true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 06875461 2023-04-30 06875461 2024-04-30 06875461 2023-05-01 2024-04-30 06875461 frs-core:CurrentFinancialInstruments 2024-04-30 06875461 frs-core:Non-currentFinancialInstruments 2024-04-30 06875461 frs-core:ComputerEquipment 2024-04-30 06875461 frs-core:ComputerEquipment 2023-05-01 2024-04-30 06875461 frs-core:ComputerEquipment 2023-04-30 06875461 frs-core:FurnitureFittings 2024-04-30 06875461 frs-core:FurnitureFittings 2023-05-01 2024-04-30 06875461 frs-core:FurnitureFittings 2023-04-30 06875461 frs-core:NetGoodwill 2024-04-30 06875461 frs-core:NetGoodwill 2023-05-01 2024-04-30 06875461 frs-core:NetGoodwill 2023-04-30 06875461 frs-core:PlantMachinery 2024-04-30 06875461 frs-core:PlantMachinery 2023-05-01 2024-04-30 06875461 frs-core:PlantMachinery 2023-04-30 06875461 frs-core:ShareCapital 2024-04-30 06875461 frs-core:RetainedEarningsAccumulatedLosses 2024-04-30 06875461 frs-bus:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 06875461 frs-bus:FilletedAccounts 2023-05-01 2024-04-30 06875461 frs-bus:SmallEntities 2023-05-01 2024-04-30 06875461 frs-bus:AuditExempt-NoAccountantsReport 2023-05-01 2024-04-30 06875461 frs-bus:SmallCompaniesRegimeForAccounts 2023-05-01 2024-04-30 06875461 frs-bus:OrdinaryShareClass1 2023-05-01 2024-04-30 06875461 frs-bus:OrdinaryShareClass1 2024-04-30 06875461 1 2023-05-01 2024-04-30 06875461 frs-bus:Director1 2023-05-01 2024-04-30 06875461 frs-bus:Director1 2023-04-30 06875461 frs-bus:Director1 2024-04-30 06875461 frs-bus:Director2 2023-05-01 2024-04-30 06875461 frs-bus:Director2 2023-04-30 06875461 frs-bus:Director2 2024-04-30 06875461 frs-bus:Director3 2023-05-01 2024-04-30 06875461 frs-bus:Director3 2023-04-30 06875461 frs-bus:Director3 2024-04-30 06875461 frs-countries:EnglandWales 2023-05-01 2024-04-30 06875461 2022-04-30 06875461 2023-04-30 06875461 2022-05-01 2023-04-30 06875461 frs-core:CurrentFinancialInstruments 2023-04-30 06875461 frs-core:Non-currentFinancialInstruments 2023-04-30 06875461 frs-core:ShareCapital 2023-04-30 06875461 frs-core:RetainedEarningsAccumulatedLosses 2023-04-30 06875461 frs-bus:OrdinaryShareClass1 2022-05-01 2023-04-30
Registered number: 06875461
Sujatha Limited
Unaudited Financial Statements
For The Year Ended 30 April 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 06875461
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 15,000 15,000
Tangible Assets 5 17,875 76,849
32,875 91,849
CURRENT ASSETS
Stocks 6 10,000 7,500
Debtors 7 - 1,100
Cash at bank and in hand 283,921 95,820
293,921 104,420
Creditors: Amounts Falling Due Within One Year 8 (109,579 ) (63,906 )
NET CURRENT ASSETS (LIABILITIES) 184,342 40,514
TOTAL ASSETS LESS CURRENT LIABILITIES 217,217 132,363
Creditors: Amounts Falling Due After More Than One Year 9 (21,531 ) (31,483 )
NET ASSETS 195,686 100,880
CAPITAL AND RESERVES
Called up share capital 10 2 2
Profit and Loss Account 195,684 100,878
SHAREHOLDERS' FUNDS 195,686 100,880
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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 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 Satnam Chohan
Director
16 December 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
Sujatha Limited is a private company, limited by shares, incorporated in England & Wales, registered number 06875461 . The registered office is 7 Alfred Row,, Fairfield, Hitchin, Hertfordshire, SG5 4SD.
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. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is not amortised to profit and loss account over its estimated economic life.
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:
Plant & Machinery 20% Reducing Balance Method
Fixtures & Fittings 25% Reducing Balance Method
Computer Equipment 25% Straight Line Method
2.5. 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.
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 and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
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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:
2024 2023
Office and administration 9 15
9 15
4. Intangible Assets
Goodwill
£
Cost
As at 1 May 2023 15,000
As at 30 April 2024 15,000
Net Book Value
As at 30 April 2024 15,000
As at 1 May 2023 15,000
5. Tangible Assets
Plant & Machinery Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 May 2023 246,098 105,665 8,488 360,251
Additions - - 242 242
Disposals (136,921 ) (57,574 ) (2,345 ) (196,840 )
As at 30 April 2024 109,177 48,091 6,385 163,653
Depreciation
As at 1 May 2023 221,033 59,789 2,580 283,402
Provided during the period 130 4,903 1,551 6,584
Disposals (112,506 ) (31,311 ) (391 ) (144,208 )
As at 30 April 2024 108,657 33,381 3,740 145,778
Net Book Value
As at 30 April 2024 520 14,710 2,645 17,875
As at 1 May 2023 25,065 45,876 5,908 76,849
6. Stocks
2024 2023
£ £
Stock 10,000 7,500
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7. Debtors
2024 2023
£ £
Due within one year
Other debtors - 1,100
8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 32,175 21,742
Corporation tax 55,808 11,671
Other taxes and social security 1,539 1,360
VAT 7,764 13,554
Net wages 11,167 14,559
Pension payable 409 625
Directors' loan accounts 717 395
109,579 63,906
9. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 21,531 31,483
10. Share Capital
2024 2023
Allotted, called up and fully paid £ £
2 Ordinary Shares of £ 1.00 each 2 2
11. Directors Advances, Credits and Guarantees
Included within Creditors are the following loans to directors:
As at 1 May 2023 Amounts advanced Amounts repaid Amounts written off As at 30 April 2024
£ £ £ £ £
Dr Venkatraj Konan (131 ) 8,345 (8,452 ) - (238 )
Mrs Kamaljeet Chohan (131 ) 8,345 (8,452 ) - (238 )
Mr Satnam Chohan (133 ) 8,345 (8,453 ) - (241 )
The above loan is unsecured, interest free and repayable on demand.
12. Ultimate Controlling Party
The company's ultimate controlling parties are Mrs Kamaljeet Kaur Chohan and Mr Venkatraj Goud Konan by virtue of their ownership of 100% of the issued share capital in the company.
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