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 11323162 Mr VIRMEET SINGH DOOWA iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 11323162 2023-04-30 11323162 2024-04-30 11323162 2023-05-01 2024-04-30 11323162 frs-core:CurrentFinancialInstruments 2024-04-30 11323162 frs-core:Non-currentFinancialInstruments 2024-04-30 11323162 frs-core:ShareCapital 2024-04-30 11323162 frs-core:RetainedEarningsAccumulatedLosses 2024-04-30 11323162 frs-bus:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 11323162 frs-bus:FilletedAccounts 2023-05-01 2024-04-30 11323162 frs-bus:SmallEntities 2023-05-01 2024-04-30 11323162 frs-bus:AuditExempt-NoAccountantsReport 2023-05-01 2024-04-30 11323162 frs-bus:SmallCompaniesRegimeForAccounts 2023-05-01 2024-04-30 11323162 frs-bus:Director1 2023-05-01 2024-04-30 11323162 frs-countries:EnglandWales 2023-05-01 2024-04-30 11323162 2022-04-30 11323162 2023-04-30 11323162 2022-05-01 2023-04-30 11323162 frs-core:CurrentFinancialInstruments 2023-04-30 11323162 frs-core:Non-currentFinancialInstruments 2023-04-30 11323162 frs-core:ShareCapital 2023-04-30 11323162 frs-core:RetainedEarningsAccumulatedLosses 2023-04-30 11323162 frs-core:CurrentFinancialInstruments 1 2023-04-30
Registered number: 11323162
GADGETS AND VAPES LIMITED
Unaudited Financial Statements
For The Year Ended 30 April 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 11323162
2024 2023
Notes £ £ £ £
CURRENT ASSETS
Stocks 4 15,750 10,750
Debtors 5 14,804 18,771
Cash at bank and in hand 40,464 48,953
71,018 78,474
Creditors: Amounts Falling Due Within One Year 6 (27,323 ) (40,795 )
NET CURRENT ASSETS (LIABILITIES) 43,695 37,679
TOTAL ASSETS LESS CURRENT LIABILITIES 43,695 37,679
Creditors: Amounts Falling Due After More Than One Year 7 (33,734 ) (34,027 )
NET ASSETS 9,961 3,652
CAPITAL AND RESERVES
Called up share capital 8 100 100
Profit and Loss Account 9,861 3,552
SHAREHOLDERS' FUNDS 9,961 3,652
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 VIRMEET SINGH DOOWA
Director
25/01/2025
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
GADGETS AND VAPES LIMITED is a private company, limited by shares, incorporated in England & Wales, registered number 11323162 . The registered office is 24 STAINES ROAD., TWICKENHAM, TW2 5AH.
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. 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: 1 (2023: 2)
1 2
4. Stocks
2024 2023
£ £
Finished goods 15,750 10,750
5. Debtors
2024 2023
£ £
Due within one year
Other debtors 14,804 18,771
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Other taxes and social security 24,370 21,527
Net wages 2,953 2,268
Other creditors (1) - 17,000
27,323 40,795
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Page 4
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 33,734 34,027
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
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