Acorah Software Products - Accounts Production 16.0.110 false true 31 October 2022 1 November 2021 false 1 November 2022 30 April 2024 30 April 2024 09137997 Mr Feroz Chamadiya Mr Mohsin Patel Mr Mubin Patel Mr Sufyaan Patel Mr Tahir Patel iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 09137997 2022-10-31 09137997 2024-04-30 09137997 2022-11-01 2024-04-30 09137997 frs-core:CurrentFinancialInstruments 2024-04-30 09137997 frs-core:Non-currentFinancialInstruments 2024-04-30 09137997 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2022-11-01 2024-04-30 09137997 frs-core:FurnitureFittings 2024-04-30 09137997 frs-core:FurnitureFittings 2022-11-01 2024-04-30 09137997 frs-core:FurnitureFittings 2022-10-31 09137997 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-04-30 09137997 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2022-11-01 2024-04-30 09137997 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2022-10-31 09137997 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2022-11-01 2024-04-30 09137997 frs-core:OtherResidualIntangibleAssets 2024-04-30 09137997 frs-core:OtherResidualIntangibleAssets 2022-10-31 09137997 frs-core:PlantMachinery 2024-04-30 09137997 frs-core:PlantMachinery 2022-11-01 2024-04-30 09137997 frs-core:PlantMachinery 2022-10-31 09137997 frs-core:ShareCapital 2024-04-30 09137997 frs-core:RetainedEarningsAccumulatedLosses 2024-04-30 09137997 frs-bus:PrivateLimitedCompanyLtd 2022-11-01 2024-04-30 09137997 frs-bus:FilletedAccounts 2022-11-01 2024-04-30 09137997 frs-bus:SmallEntities 2022-11-01 2024-04-30 09137997 frs-bus:AuditExempt-NoAccountantsReport 2022-11-01 2024-04-30 09137997 frs-bus:SmallCompaniesRegimeForAccounts 2022-11-01 2024-04-30 09137997 frs-bus:Director1 2022-11-01 2024-04-30 09137997 frs-bus:Director2 2022-11-01 2024-04-30 09137997 frs-bus:Director3 2022-11-01 2024-04-30 09137997 frs-bus:Director4 2022-11-01 2024-04-30 09137997 frs-bus:Director5 2022-11-01 2024-04-30 09137997 frs-countries:EnglandWales 2022-11-01 2024-04-30 09137997 2021-10-31 09137997 2022-10-31 09137997 2021-11-01 2022-10-31 09137997 frs-core:CurrentFinancialInstruments 2022-10-31 09137997 frs-core:Non-currentFinancialInstruments 2022-10-31 09137997 frs-core:ShareCapital 2022-10-31 09137997 frs-core:RetainedEarningsAccumulatedLosses 2022-10-31
Registered number: 09137997
LOADED N16 LIMITED
Financial Statements
For the Period 1 November 2022 to 30 April 2024
MDP Accountancy Services LLP
First Floor
6A High Road
Wood Green
London
N22 6BX
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 09137997
30 April 2024 31 October 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 5 73,568 20,604
73,568 20,604
CURRENT ASSETS
Stocks 6 45,156 22,578
Debtors 7 22,512 11,588
Cash at bank and in hand - 5,303
67,668 39,469
Creditors: Amounts Falling Due Within One Year 8 (509,930 ) (362,171 )
NET CURRENT ASSETS (LIABILITIES) (442,262 ) (322,702 )
TOTAL ASSETS LESS CURRENT LIABILITIES (368,694 ) (302,098 )
Creditors: Amounts Falling Due After More Than One Year 9 (32,295 ) (35,295 )
NET LIABILITIES (400,989 ) (337,393 )
CAPITAL AND RESERVES
Called up share capital 10 6 6
Profit and Loss Account (400,995 ) (337,399 )
SHAREHOLDERS' FUNDS (400,989) (337,393)
Page 1
Page 2
For the period 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 Sufyaan Patel
Director
30 September 2024
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
LOADED N16 LIMITED is a private company, limited by shares, incorporated in England & Wales, registered number 09137997 . The registered office is 68 Cranbrook Road,, Ilford , Essex , IG1 4NH .
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. 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:
Freehold 50
Leasehold 50
Plant & Machinery 10
Fixtures & Fittings 10
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.
3. Average Number of Employees
Average number of employees, including directors, during the period was: 7 (2022: 7)
7 7
Page 3
Page 4
4. Intangible Assets
Other
£
Cost
As at 1 November 2022 30,000
As at 30 April 2024 30,000
Amortisation
As at 1 November 2022 30,000
As at 30 April 2024 30,000
Net Book Value
As at 30 April 2024 -
As at 1 November 2022 -
5. Tangible Assets
Land & Property
Leasehold Plant & Machinery Fixtures & Fittings Total
£ £ £ £
Cost
As at 1 November 2022 66,206 11,463 70,235 147,904
Additions 66,206 - - 66,206
As at 30 April 2024 132,412 11,463 70,235 214,110
Depreciation
As at 1 November 2022 39,724 12,419 75,157 127,300
Provided during the period 13,242 - - 13,242
As at 30 April 2024 52,966 12,419 75,157 140,542
Net Book Value
As at 30 April 2024 79,446 (956 ) (4,922 ) 73,568
As at 1 November 2022 26,482 (956 ) (4,922 ) 20,604
6. Stocks
30 April 2024 31 October 2022
£ £
Finished goods 45,156 22,578
Page 4
Page 5
7. Debtors
30 April 2024 31 October 2022
£ £
Due within one year
Other debtors - 332
Due after more than one year
Amounts owed by group undertakings 22,512 11,256
22,512 11,588
8. Creditors: Amounts Falling Due Within One Year
30 April 2024 31 October 2022
£ £
Trade creditors 180,411 128,926
Bank loans and overdrafts - 109,300
Amounts owed to group undertakings 282,277 -
Other creditors 45,242 120,902
Taxation and social security 2,000 3,043
509,930 362,171
9. Creditors: Amounts Falling Due After More Than One Year
30 April 2024 31 October 2022
£ £
Bank loans 32,295 32,295
Other creditors - 3,000
32,295 35,295
10. Share Capital
30 April 2024 31 October 2022
£ £
Allotted, Called up and fully paid 6 6
Page 5