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 09010667 Dr Sundeep Manghat iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 09010667 2023-04-30 09010667 2024-04-30 09010667 2023-05-01 2024-04-30 09010667 frs-core:CurrentFinancialInstruments 2024-04-30 09010667 frs-core:Non-currentFinancialInstruments 2024-04-30 09010667 frs-core:ComputerEquipment 2024-04-30 09010667 frs-core:ComputerEquipment 2023-05-01 2024-04-30 09010667 frs-core:ComputerEquipment 2023-04-30 09010667 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2024-04-30 09010667 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-05-01 2024-04-30 09010667 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-04-30 09010667 frs-core:FurnitureFittings 2024-04-30 09010667 frs-core:FurnitureFittings 2023-05-01 2024-04-30 09010667 frs-core:FurnitureFittings 2023-04-30 09010667 frs-core:MotorVehicles 2023-05-01 2024-04-30 09010667 frs-core:OtherResidualIntangibleAssets 2024-04-30 09010667 frs-core:OtherResidualIntangibleAssets 2023-04-30 09010667 frs-core:SharePremium 2024-04-30 09010667 frs-core:ShareCapital 2024-04-30 09010667 frs-core:RetainedEarningsAccumulatedLosses 2024-04-30 09010667 frs-bus:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 09010667 frs-bus:FilletedAccounts 2023-05-01 2024-04-30 09010667 frs-bus:SmallEntities 2023-05-01 2024-04-30 09010667 frs-bus:AuditExempt-NoAccountantsReport 2023-05-01 2024-04-30 09010667 frs-bus:SmallCompaniesRegimeForAccounts 2023-05-01 2024-04-30 09010667 frs-bus:Director1 2023-05-01 2024-04-30 09010667 frs-core:CurrentFinancialInstruments 1 2024-04-30 09010667 frs-countries:EnglandWales 2023-05-01 2024-04-30 09010667 2022-04-30 09010667 2023-04-30 09010667 2022-05-01 2023-04-30 09010667 frs-core:CurrentFinancialInstruments 2023-04-30 09010667 frs-core:Non-currentFinancialInstruments 2023-04-30 09010667 frs-core:SharePremium 2023-04-30 09010667 frs-core:ShareCapital 2023-04-30 09010667 frs-core:RetainedEarningsAccumulatedLosses 2023-04-30 09010667 frs-core:CurrentFinancialInstruments 1 2023-04-30
Registered number: 09010667
The Indian Shop Limited
Unaudited Financial Statements
For The Year Ended 30 April 2024
Blueband Accountancy Limited
FMAAT
3 Stanley Way
Orpington
BR5 2HE
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 09010667
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 5 10,728 21,008
10,728 21,008
CURRENT ASSETS
Stocks 6 30,500 55,074
Debtors 7 20,878 33,124
Cash at bank and in hand 3,300 8,589
54,678 96,787
Creditors: Amounts Falling Due Within One Year 8 (266,137 ) (276,231 )
NET CURRENT ASSETS (LIABILITIES) (211,459 ) (179,444 )
TOTAL ASSETS LESS CURRENT LIABILITIES (200,731 ) (158,436 )
Creditors: Amounts Falling Due After More Than One Year 9 (32,454 ) (60,739 )
NET LIABILITIES (233,185 ) (219,175 )
CAPITAL AND RESERVES
Called up share capital 10 48,510 48,510
Share premium account 101,490 101,490
Profit and Loss Account (383,185 ) (369,175 )
SHAREHOLDERS' FUNDS (233,185) (219,175)
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
Dr Sundeep Manghat
Director
30/01/2025
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
The Indian Shop Limited is a private company, limited by shares, incorporated in England & Wales, registered number 09010667 . The registered office is 172 Petts Wood Road, Petts Wood, Orpington, Kent, BR5 1LG.
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 - Other Intangible
Other intangible assets are .... It is amortised to profit and loss account over its estimated economic life of .... years.
2.4. Research and Development
In the research phase of an internal project it is not possible to demonstrate that the project will generate future economic benefits and hence all expenditure on research is recognised as an expense when it is incurred. Intangible assets are recognised from the development phase of a project if and only if certain specific criteria are met in order to demonstrate the asset will generate probable future economic benefits and that its cost can be reliably measured. The capitalised development costs are subsequently amortised to ... on a straight line basis over their expected useful economic lives, which range from ... to ... years.
If it is not possible to distinguish between the research phase and the development phase of an internal project the expenditure is treated as if it were all incurred in the research phase only.
2.5. 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% Reducing balance
Fixtures & Fittings 20% Straight Line
Computer Equipment 25%b Straightline
2.6. 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: 6)
1 6
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4. Intangible Assets
Other Development Costs Total
£ £ £
Cost
As at 1 May 2023 11,638 4,600 16,238
As at 30 April 2024 11,638 4,600 16,238
Amortisation
As at 1 May 2023 11,638 4,600 16,238
As at 30 April 2024 11,638 4,600 16,238
Net Book Value
As at 30 April 2024 - - -
As at 1 May 2023 - - -
5. Tangible Assets
Fixtures & Fittings Computer Equipment Total
£ £ £
Cost
As at 1 May 2023 123,433 19,570 143,003
As at 30 April 2024 123,433 19,570 143,003
Depreciation
As at 1 May 2023 107,523 14,472 121,995
Provided during the period 7,023 3,257 10,280
As at 30 April 2024 114,546 17,729 132,275
Net Book Value
As at 30 April 2024 8,887 1,841 10,728
As at 1 May 2023 15,910 5,098 21,008
6. Stocks
2024 2023
£ £
Stock 30,500 -
Materials - 55,074
30,500 55,074
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7. Debtors
2024 2023
£ £
Due within one year
Trade debtors 5,350 -
Prepayments and accrued income - 816
Other debtors - 19,864
Other debtors (1) 11,500 11,500
VAT 4,028 944
20,878 33,124
8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 135,462 130,132
Bank loans and overdrafts 99,983 94,773
Other taxes and social security - 178
Net wages 14,491 20,455
Accruals and deferred income 4,283 9,211
Director's loan account 11,918 21,482
266,137 276,231
9. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 27,454 55,739
Other creditors 5,000 5,000
32,454 60,739
10. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 48,510 48,510
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