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 13345451 Mr Emin Can Turan iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 13345451 2023-04-30 13345451 2024-04-30 13345451 2023-05-01 2024-04-30 13345451 frs-core:CurrentFinancialInstruments 2024-04-30 13345451 frs-core:ComputerEquipment 2024-04-30 13345451 frs-core:ComputerEquipment 2023-05-01 2024-04-30 13345451 frs-core:ComputerEquipment 2023-04-30 13345451 frs-core:ShareCapital 2024-04-30 13345451 frs-core:RetainedEarningsAccumulatedLosses 2024-04-30 13345451 frs-bus:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 13345451 frs-bus:FilletedAccounts 2023-05-01 2024-04-30 13345451 frs-bus:SmallEntities 2023-05-01 2024-04-30 13345451 frs-bus:AuditExempt-NoAccountantsReport 2023-05-01 2024-04-30 13345451 frs-bus:SmallCompaniesRegimeForAccounts 2023-05-01 2024-04-30 13345451 frs-bus:OrdinaryShareClass1 2023-05-01 2024-04-30 13345451 frs-bus:OrdinaryShareClass1 2024-04-30 13345451 frs-bus:Director1 2023-05-01 2024-04-30 13345451 frs-countries:EnglandWales 2023-05-01 2024-04-30 13345451 2022-04-30 13345451 2023-04-30 13345451 2022-05-01 2023-04-30 13345451 frs-core:CurrentFinancialInstruments 2023-04-30 13345451 frs-core:ShareCapital 2023-04-30 13345451 frs-core:RetainedEarningsAccumulatedLosses 2023-04-30 13345451 frs-bus:OrdinaryShareClass1 2022-05-01 2023-04-30
Registered number: 13345451
Can&Company Limited
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: 13345451
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 670 1,287
670 1,287
CURRENT ASSETS
Debtors 5 14,513 -
Cash at bank and in hand 132 557
14,645 557
Creditors: Amounts Falling Due Within One Year 6 (42,612 ) (23,993 )
NET CURRENT ASSETS (LIABILITIES) (27,967 ) (23,436 )
TOTAL ASSETS LESS CURRENT LIABILITIES (27,297 ) (22,149 )
NET LIABILITIES (27,297 ) (22,149 )
CAPITAL AND RESERVES
Called up share capital 7 1 1
Profit and Loss Account (27,298 ) (22,150 )
SHAREHOLDERS' FUNDS (27,297) (22,149)
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 Emin Can Turan
Director
31st 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
Can&Company Limited is a private company, limited by shares, incorporated in England & Wales, registered number 13345451 . The registered office is 82 Wandsworth Bridge Road, London, SW6 2TF.
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 financial statements have been prepared on a going concern basis based on the director's continued support and that the company will trade out of the deficit position indicated by the Balance Sheet. The financial statements therefore do not include any adjustments that would result from a withdrawal of support or failure to trade out of the deficit position in respect of revaluing assets to their recoverable values or providing for further liabilities that might otherwise arise.
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:
Computer Equipment 25% Straight Line
2.4. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
2.5. 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 and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are 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: NIL (2023: NIL)
- -
Page 3
Page 4
4. Tangible Assets
Computer Equipment
£
Cost
As at 1 May 2023 2,470
As at 30 April 2024 2,470
Depreciation
As at 1 May 2023 1,183
Provided during the period 617
As at 30 April 2024 1,800
Net Book Value
As at 30 April 2024 670
As at 1 May 2023 1,287
5. Debtors
2024 2023
£ £
Due within one year
Other debtors 14,513 -
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Accruals and deferred income - 2,400
Director's loan account 42,612 21,593
42,612 23,993
7. Share Capital
2024 2023
Allotted, called up and fully paid £ £
100,000 Ordinary Shares of £ 0.00001 each 1 1
8. Related Party Transactions
GTMSAI LtdThe director has a significant interest in GTMSAI LtdDuring the year the company funded expenses on behalf of GTMSAI Ltd. At the year end the balance owed by GTMSAI Ltd amounted to £14,513.

GTMSAI Ltd

The director has a significant interest in GTMSAI Ltd

During the year the company funded expenses on behalf of GTMSAI Ltd. At the year end the balance owed by GTMSAI Ltd amounted to £14,513.

Director and ShareholderThe company director has a credit loan balance with the company which is lent on an unsecured, interest free basis and is repayable on demand. At the end of the period the balance owed to the director amounted to £42,612 (2023: £21,593).

Director and Shareholder

The company director has a credit loan balance with the company which is lent on an unsecured, interest free basis and is repayable on demand. At the end of the period the balance owed to the director amounted to £42,612 (2023: £21,593).

Page 4