Acorah Software Products - Accounts Production 16.1.300 false true true 30 April 2023 1 May 2022 false 1 May 2023 30 April 2024 30 April 2024 13342175 Mr Dean Drako Mr Shivinder Sikand 1st Secretaries Limited iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 13342175 2023-04-30 13342175 2024-04-30 13342175 2023-05-01 2024-04-30 13342175 frs-core:CurrentFinancialInstruments 2024-04-30 13342175 frs-core:ShareCapital 2024-04-30 13342175 frs-core:RetainedEarningsAccumulatedLosses 2024-04-30 13342175 frs-bus:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 13342175 frs-bus:FilletedAccounts 2023-05-01 2024-04-30 13342175 frs-bus:SmallEntities 2023-05-01 2024-04-30 13342175 frs-bus:AuditExempt-NoAccountantsReport 2023-05-01 2024-04-30 13342175 frs-bus:SmallCompaniesRegimeForAccounts 2023-05-01 2024-04-30 13342175 frs-bus:Director1 2023-05-01 2024-04-30 13342175 frs-bus:Director2 2023-05-01 2024-04-30 13342175 frs-bus:CompanySecretary1 2023-05-01 2024-04-30 13342175 frs-countries:EnglandWales 2023-05-01 2024-04-30 13342175 2022-04-30 13342175 2023-04-30 13342175 2022-05-01 2023-04-30 13342175 frs-core:CurrentFinancialInstruments 2023-04-30 13342175 frs-core:ShareCapital 2023-04-30 13342175 frs-core:RetainedEarningsAccumulatedLosses 2023-04-30
Registered number: 13342175
Drako Motors Ltd
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: 13342175
2024 2023
Notes £ £ £ £
Creditors: Amounts Falling Due Within One Year 4 (1,384,453 ) (1,062,450 )
NET CURRENT ASSETS (LIABILITIES) (1,384,453 ) (1,062,450 )
TOTAL ASSETS LESS CURRENT LIABILITIES (1,384,453 ) (1,062,450 )
NET LIABILITIES (1,384,453 ) (1,062,450 )
CAPITAL AND RESERVES
Called up share capital 1 1
Profit and Loss Account (1,384,454 ) (1,062,451 )
SHAREHOLDERS' FUNDS (1,384,453) (1,062,450)
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 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 Shivinder Sikand
Director
30 January 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
Drako Motors Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 13342175 . The registered office is 71-75 Shelton Street, London, Greater London, United Kingdom, WC2H 9JQ.
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. Going Concern Disclosure
The directors believe the company to be a going concern and will continue to give their support to the company over the next 12 months. 
2.3. Taxation
The taxation expense represents the sum of the tax currently payable and deferred tax. 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.
Current tax
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the profit and loss account 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 
Deferred tax has not been recognised as it is not material to the financial statements. The directors will review this annually. 
2.4. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 2)
2 2
4. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Amounts owed to group undertakings 1,372,676 1,025,564
Other creditors 9,225 23,398
Taxation and social security 2,552 13,488
1,384,453 1,062,450
Page 3
Page 4
5. Related Party Transactions
The total amount owed to a company under common control at the year end is £1,372,676 (2023 : £1,025,564)
Page 4