Acorah Software Products - Accounts Production 16.0.110 false true false 5 May 2023 31 May 2024 31 May 2024 SC768481 Mr James Rufus Zorab iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure SC768481 2023-05-04 SC768481 2024-05-31 SC768481 2023-05-05 2024-05-31 SC768481 frs-core:CurrentFinancialInstruments 2024-05-31 SC768481 frs-core:MotorVehicles 2024-05-31 SC768481 frs-core:MotorVehicles 2023-05-05 2024-05-31 SC768481 frs-core:MotorVehicles 2023-05-04 SC768481 frs-core:ShareCapital 2024-05-31 SC768481 frs-core:RetainedEarningsAccumulatedLosses 2024-05-31 SC768481 frs-bus:PrivateLimitedCompanyLtd 2023-05-05 2024-05-31 SC768481 frs-bus:FilletedAccounts 2023-05-05 2024-05-31 SC768481 frs-bus:SmallEntities 2023-05-05 2024-05-31 SC768481 frs-bus:AuditExempt-NoAccountantsReport 2023-05-05 2024-05-31 SC768481 frs-bus:SmallCompaniesRegimeForAccounts 2023-05-05 2024-05-31 SC768481 frs-bus:Director1 2023-05-05 2024-05-31 SC768481 frs-countries:Scotland 2023-05-05 2024-05-31
Registered number: SC768481
Zorab Ltd
Unaudited Financial Statements
For the Period 5 May 2023 to 31 May 2024
VIBAS Accountants
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—3
Page 1
Balance Sheet
Registered number: SC768481
31 May 2024
Notes £ £
FIXED ASSETS
Tangible Assets 4 15,703
15,703
CURRENT ASSETS
Debtors 5 1
Cash at bank and in hand 823
824
Creditors: Amounts Falling Due Within One Year 6 (4,516 )
NET CURRENT ASSETS (LIABILITIES) (3,692 )
TOTAL ASSETS LESS CURRENT LIABILITIES 12,011
NET ASSETS 12,011
CAPITAL AND RESERVES
Called up share capital 7 1
Profit and Loss Account 12,010
SHAREHOLDERS' FUNDS 12,011
For the period ending 31 May 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 James Rufus Zorab
Director
23/01/2025
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
Zorab Ltd is a private company, limited by shares, incorporated in Scotland, registered number SC768481 . The registered office is 23 Woodville Terrace, Edinburgh, EH6 8BZ.
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:
Motor Vehicles 25% Reducing Balance
3. Average Number of Employees
Average number of employees, including directors, during the period was: 1
1
4. Tangible Assets
Motor Vehicles
£
Cost
As at 5 May 2023 -
Additions 15,703
As at 31 May 2024 15,703
Net Book Value
As at 31 May 2024 15,703
As at 5 May 2023 -
5. Debtors
31 May 2024
£
Due within one year
Other debtors 1
Page 2
Page 3
6. Creditors: Amounts Falling Due Within One Year
31 May 2024
£
Other creditors 4,516
7. Share Capital
31 May 2024
£
Called Up Share Capital not Paid 1
Amount of Allotted, Called Up Share Capital 1
Page 3