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 SC628154 Mr Muhammad Kaleem iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure SC628154 2023-04-30 SC628154 2024-04-30 SC628154 2023-05-01 2024-04-30 SC628154 frs-core:CurrentFinancialInstruments 2024-04-30 SC628154 frs-core:Non-currentFinancialInstruments 2024-04-30 SC628154 frs-core:ComputerEquipment 2024-04-30 SC628154 frs-core:ComputerEquipment 2023-05-01 2024-04-30 SC628154 frs-core:ComputerEquipment 2023-04-30 SC628154 frs-core:FurnitureFittings 2024-04-30 SC628154 frs-core:FurnitureFittings 2023-05-01 2024-04-30 SC628154 frs-core:FurnitureFittings 2023-04-30 SC628154 frs-core:NetGoodwill 2024-04-30 SC628154 frs-core:NetGoodwill 2023-05-01 2024-04-30 SC628154 frs-core:NetGoodwill 2023-04-30 SC628154 frs-core:MoreThanFiveYears 2024-04-30 SC628154 frs-core:MotorVehicles 2024-04-30 SC628154 frs-core:MotorVehicles 2023-05-01 2024-04-30 SC628154 frs-core:MotorVehicles 2023-04-30 SC628154 frs-core:ShareCapital 2024-04-30 SC628154 frs-core:RetainedEarningsAccumulatedLosses 2024-04-30 SC628154 frs-bus:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 SC628154 frs-bus:FilletedAccounts 2023-05-01 2024-04-30 SC628154 frs-bus:SmallEntities 2023-05-01 2024-04-30 SC628154 frs-bus:AuditExempt-NoAccountantsReport 2023-05-01 2024-04-30 SC628154 frs-bus:SmallCompaniesRegimeForAccounts 2023-05-01 2024-04-30 SC628154 frs-bus:Director1 2023-05-01 2024-04-30 SC628154 frs-core:CurrentFinancialInstruments 5 2024-04-30 SC628154 frs-countries:Scotland 2023-05-01 2024-04-30 SC628154 2022-04-30 SC628154 2023-04-30 SC628154 2022-05-01 2023-04-30 SC628154 frs-core:CurrentFinancialInstruments 2023-04-30 SC628154 frs-core:Non-currentFinancialInstruments 2023-04-30 SC628154 frs-core:MoreThanFiveYears 2023-04-30 SC628154 frs-core:ShareCapital 2023-04-30 SC628154 frs-core:RetainedEarningsAccumulatedLosses 2023-04-30 SC628154 frs-core:CurrentFinancialInstruments 5 2023-04-30
Registered number: SC628154
Muhdin Enterprise Ltd
Unaudited Financial Statements
For The Year Ended 30 April 2024
SA Accountants
Accountants & Tax Advisors
10 Darnley Street
Glasgow
G41 2SE
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: SC628154
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 - 62,000
Tangible Assets 5 112,213 56,127
112,213 118,127
CURRENT ASSETS
Stocks 6 89,970 76,150
Debtors 7 36,453 16,750
Cash at bank and in hand 12,063 41,140
138,486 134,040
Creditors: Amounts Falling Due Within One Year 8 (144,755 ) (154,947 )
NET CURRENT ASSETS (LIABILITIES) (6,269 ) (20,907 )
TOTAL ASSETS LESS CURRENT LIABILITIES 105,944 97,220
Creditors: Amounts Falling Due After More Than One Year 9 (85,920 ) (83,132 )
NET ASSETS 20,024 14,088
CAPITAL AND RESERVES
Called up share capital 11 100 100
Profit and Loss Account 19,924 13,988
SHAREHOLDERS' FUNDS 20,024 14,088
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 Muhammad Kaleem
Director
29/01/2025
The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Muhdin Enterprise Ltd is a private company, limited by shares, incorporated in Scotland, registered number SC628154 . The registered office is 961 Tollcross Road, Glasgow, Lanarkshire, G32 8UR.
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 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:
Motor Vehicles reducing balance
Fixtures & Fittings reducing balance
Computer Equipment reducing balance
2.5. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
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.
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2.7. 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 or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 13 (2023: 22)
13 22
4. Intangible Assets
Goodwill
£
Cost
As at 1 May 2023 62,000
Disposals (62,000 )
As at 30 April 2024 -
Net Book Value
As at 30 April 2024 -
As at 1 May 2023 62,000
5. Tangible Assets
Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 May 2023 32,947 64,153 - 97,100
Additions 5,525 82,786 1,748 90,059
Disposals - (33,973 ) - (33,973 )
As at 30 April 2024 38,472 112,966 1,748 153,186
Depreciation
As at 1 May 2023 10,793 30,180 - 40,973
As at 30 April 2024 10,793 30,180 - 40,973
...CONTINUED
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Page 5
Net Book Value
As at 30 April 2024 27,679 82,786 1,748 112,213
As at 1 May 2023 22,154 33,973 - 56,127
6. Stocks
2024 2023
£ £
Stock 89,970 -
Finished goods - 76,150
89,970 76,150
7. Debtors
2024 2023
£ £
Due within one year
Prepayments and accrued income - 1,750
Paypoint cash Machine 9,000 15,000
9,000 16,750
Due after more than one year
Directors loan account 27,453 -
36,453 16,750
8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts (2,521 ) (3,411 )
Trade creditors 70,327 57,153
Corporation tax 48,858 48,420
Paye & NI 782 13,123
VAT 8,750 35,321
Pension 744 744
Accrued Expenses 17,815 3,597
144,755 154,947
9. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 16,579 22,430
Bank loans 23,994 37,749
B Bank loan 45,347 -
Other creditors - 16,500
Directors loan account - 6,453
85,920 83,132
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10. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Later than five years 16,579 22,430
Less: Finance charges allocated to future periods 2,521 3,411
14,058 19,019
11. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
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