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 08476719 Mr Raza Hassan Dr Amjad Shah iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 08476719 2023-04-30 08476719 2024-04-30 08476719 2023-05-01 2024-04-30 08476719 frs-core:CurrentFinancialInstruments 2024-04-30 08476719 frs-core:ComputerEquipment 2024-04-30 08476719 frs-core:ComputerEquipment 2023-05-01 2024-04-30 08476719 frs-core:ComputerEquipment 2023-04-30 08476719 frs-core:FurnitureFittings 2024-04-30 08476719 frs-core:FurnitureFittings 2023-05-01 2024-04-30 08476719 frs-core:FurnitureFittings 2023-04-30 08476719 frs-core:RetainedEarningsAccumulatedLosses 2024-04-30 08476719 frs-bus:CompanyLimitedByGuarantee 2023-05-01 2024-04-30 08476719 frs-bus:FilletedAccounts 2023-05-01 2024-04-30 08476719 frs-bus:SmallEntities 2023-05-01 2024-04-30 08476719 frs-bus:AuditExempt-NoAccountantsReport 2023-05-01 2024-04-30 08476719 frs-bus:SmallCompaniesRegimeForAccounts 2023-05-01 2024-04-30 08476719 frs-bus:Director1 2023-05-01 2024-04-30 08476719 frs-bus:Director2 2023-05-01 2024-04-30 08476719 frs-core:CurrentFinancialInstruments 1 2024-04-30 08476719 frs-countries:EnglandWales 2023-05-01 2024-04-30 08476719 2022-04-30 08476719 2023-04-30 08476719 2022-05-01 2023-04-30 08476719 frs-core:CurrentFinancialInstruments 2023-04-30 08476719 frs-core:RetainedEarningsAccumulatedLosses 2023-04-30 08476719 frs-core:CurrentFinancialInstruments 1 2023-04-30
Registered number: 08476719
The Shi 'Ah Institute
Unaudited Financial Statements
For The Year Ended 30 April 2024
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—3
Page 1
Balance Sheet
Registered number: 08476719
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 2,220 2,960
2,220 2,960
CURRENT ASSETS
Stocks 5 12,154 12,154
Debtors 6 17,139 31,789
Cash at bank and in hand 74 -
29,367 43,943
Creditors: Amounts Falling Due Within One Year 7 (108,356 ) (108,685 )
NET CURRENT ASSETS (LIABILITIES) (78,989 ) (64,742 )
TOTAL ASSETS LESS CURRENT LIABILITIES (76,769 ) (61,782 )
NET LIABILITIES (76,769 ) (61,782 )
Income and Expenditure Account (76,769 ) (61,782 )
MEMBERS' FUNDS (76,769) (61,782)
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 Income and Expenditure Account.
On behalf of the board
Mr Raza Hassan
Director
Dr Amjad Shah
Director
29 January 2025
The notes on pages 2 to 3 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
The Shi 'Ah Institute is a private company, limited by guarantee, incorporated in England & Wales, registered number 08476719 . The registered office is Bloomsbury House, 26 Bloomsbury Street, London, WC1B 3QJ.
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:
Fixtures & Fittings 25% on reducing balances
Office Equipment 25% on reducing balances
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: 2 (2023: 2)
2 2
4. Tangible Assets
Fixtures & Fittings Office Equipment Total
£ £ £
Cost
As at 1 May 2023 25,943 10,523 36,466
As at 30 April 2024 25,943 10,523 36,466
Depreciation
As at 1 May 2023 23,960 9,546 33,506
Provided during the period 496 244 740
As at 30 April 2024 24,456 9,790 34,246
Net Book Value
As at 30 April 2024 1,487 733 2,220
As at 1 May 2023 1,983 977 2,960
Page 2
Page 3
5. Stocks
2024 2023
£ £
Stock - finished goods 12,154 12,154
6. Debtors
2024 2023
£ £
Due within one year
Other debtors 17,139 31,789
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Bank loans and overdrafts - 29
Other taxes and social security 33,740 33,740
Net wages 34,372 34,372
Other creditors 36,200 36,500
Pension payable 4,044 4,044
108,356 108,685
8. Company limited by guarantee
The company is limited by guarantee and has no share capital.
Every member of the company undertakes to contribute to the assets of the company, in the event of a winding up, such an amount as may be required not exceeding £1.
Page 3