Acorah Software Products - Accounts Production 16.1.300 false true true 30 November 2023 1 December 2022 false 1 December 2023 30 November 2024 30 November 2024 10770152 Mr Dakshesh Sangani iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 10770152 2023-11-30 10770152 2024-11-30 10770152 2023-12-01 2024-11-30 10770152 frs-core:CurrentFinancialInstruments 2024-11-30 10770152 frs-core:Non-currentFinancialInstruments 2024-11-30 10770152 frs-core:ShareCapital 2024-11-30 10770152 frs-core:RetainedEarningsAccumulatedLosses 2024-11-30 10770152 frs-bus:PrivateLimitedCompanyLtd 2023-12-01 2024-11-30 10770152 frs-bus:FilletedAccounts 2023-12-01 2024-11-30 10770152 frs-bus:SmallEntities 2023-12-01 2024-11-30 10770152 frs-bus:AuditExempt-NoAccountantsReport 2023-12-01 2024-11-30 10770152 frs-bus:SmallCompaniesRegimeForAccounts 2023-12-01 2024-11-30 10770152 frs-bus:Director1 2023-12-01 2024-11-30 10770152 frs-countries:EnglandWales 2023-12-01 2024-11-30 10770152 2022-11-30 10770152 2023-11-30 10770152 2022-12-01 2023-11-30 10770152 frs-core:CurrentFinancialInstruments 2023-11-30 10770152 frs-core:Non-currentFinancialInstruments 2023-11-30 10770152 frs-core:ShareCapital 2023-11-30 10770152 frs-core:RetainedEarningsAccumulatedLosses 2023-11-30
Registered number: 10770152
Rarever Ltd
Unaudited Financial Statements
For The Year Ended 30 November 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3
Page 1
Balance Sheet
Registered number: 10770152
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 23,335 23,335
Tangible Assets 1,886 1,886
25,221 25,221
CURRENT ASSETS
Stocks 7,225 54,250
Debtors - 278,307
Cash at bank and in hand 4,168 19,688
11,393 352,245
Creditors: Amounts Falling Due Within One Year (46,182 ) (61,704 )
NET CURRENT ASSETS (LIABILITIES) (34,789 ) 290,541
TOTAL ASSETS LESS CURRENT LIABILITIES (9,568 ) 315,762
Creditors: Amounts Falling Due After More Than One Year (23,985 ) (23,985 )
NET (LIABILITIES)/ASSETS (33,553 ) 291,777
CAPITAL AND RESERVES
Called up share capital 4 320,100 500,000
Profit and Loss Account (353,653 ) (208,223 )
SHAREHOLDERS' FUNDS (33,553) 291,777
Page 1
Page 2
For the year ending 30 November 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 Dakshesh Sangani
Director
16th December 2024
The notes on page 3 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Rarever Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 10770152 . The registered office is 12 Lancashire Court, Mayfair, Mayfair, W1S 1EY.
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 have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.
2.3. 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.
2.4. 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 year was: NIL (2023: 1)
- 1
4. Share Capital
2024 2023
£ £
Called Up Share Capital not Paid - 179,900
Called Up Share Capital has been paid up 320,100 320,100
Amount of Allotted, Called Up Share Capital 320,100 500,000
Page 3