Acorah Software Products - Accounts Production 16.1.300 false true true 31 May 2023 1 June 2022 false 1 June 2023 31 May 2024 31 May 2024 06747675 J S Assael G L Reilly iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 06747675 2023-05-31 06747675 2024-05-31 06747675 2023-06-01 2024-05-31 06747675 frs-core:ShareCapital 2024-05-31 06747675 frs-core:RetainedEarningsAccumulatedLosses 2024-05-31 06747675 frs-bus:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 06747675 frs-bus:FilletedAccounts 2023-06-01 2024-05-31 06747675 frs-bus:SmallEntities 2023-06-01 2024-05-31 06747675 frs-bus:AuditExempt-NoAccountantsReport 2023-06-01 2024-05-31 06747675 frs-bus:SmallCompaniesRegimeForAccounts 2023-06-01 2024-05-31 06747675 frs-bus:Director1 2023-06-01 2024-05-31 06747675 frs-bus:CompanySecretary1 2023-06-01 2024-05-31 06747675 frs-countries:EnglandWales 2023-06-01 2024-05-31 06747675 2022-05-31 06747675 2023-05-31 06747675 2022-06-01 2023-05-31 06747675 frs-core:ShareCapital 2023-05-31 06747675 frs-core:RetainedEarningsAccumulatedLosses 2023-05-31
Assael Limited
Unaudited Financial Statements
For The Year Ended 31 May 2024
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2
Page 1
Balance Sheet
Registered number: 06747675
2024 2023
Notes £ £ £ £
CURRENT ASSETS
Cash at bank and in hand 24,743 25,139
24,743 25,139
Creditors: Amounts Falling Due Within One Year 4 (23,210 ) (23,210 )
NET CURRENT ASSETS (LIABILITIES) 1,533 1,929
TOTAL ASSETS LESS CURRENT LIABILITIES 1,533 1,929
NET ASSETS 1,533 1,929
CAPITAL AND RESERVES
Called up share capital 5 11,000 11,000
Profit and Loss Account (9,467 ) (9,071 )
SHAREHOLDERS' FUNDS 1,533 1,929
For the year 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
J S Assael
Director
5 February 2025
The notes on page 2 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
Assael Limited is a private company, limited by shares, incorporated in England & Wales, registered number 06747675 . The registered office is 123 Upper Richmond Road, Putney, London, SW15 2TL.
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
It is believed that preparing the accounts on the going concern basis is appropriate due to the continued support of the shareholders of the company.
2.3. Financial Instruments
The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable and investments in non-putative ordinary shares.
Cash and cash equivalents
Cash and cash equivalents include cash in hand and deposits held at call with banks.
Other financial assets
Other financial assets are initially measured at fair value, which is normally the transaction price. Such assets are subsequently carried at fair value and the changes in fair value are recognised in the profit and loss account, except that investments that are not publically traded and whose fair values cannot be measured reliably are measured at cost less impairment.
Debtors
Short term debtors are measured at transaction price, less any impairment.
Impairment of financial assets
Financial assets, other than those held at fair value through profit and loss account, are assessed for indicators of impairment at each reporting end date.
Other financial liabilities
Other financial liabilities, including debt instruments that do not meet the definition of a basic financial instruments, are measured at fair value through profit and loss account.
Creditors
Short term creditors are measured at the transaction price. Other financial liabilities are measured initially at fair value, net of transaction costs, and aremeasured subsequently at amortized cost using the effective interest method.
3. Average Number of Employees
Average number of employees during the year was: NIL (2023: NIL)
- -
4. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Other creditors 23,210 23,210
5. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 11,000 11,000
6. Related Party Transactions
As at 31 May 2024 the company owed the director of the company £23,000 (2023 - £23,000).
Page 2