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 08062642 U K Obiwe Dr U Obiwe false iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 08062642 2023-05-31 08062642 2024-05-31 08062642 2023-06-01 2024-05-31 08062642 frs-core:CurrentFinancialInstruments 2024-05-31 08062642 frs-core:ComputerEquipment 2024-05-31 08062642 frs-core:ComputerEquipment 2023-06-01 2024-05-31 08062642 frs-core:ComputerEquipment 2023-05-31 08062642 frs-core:ShareCapital 2024-05-31 08062642 frs-core:RetainedEarningsAccumulatedLosses 2024-05-31 08062642 frs-bus:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 08062642 frs-bus:FilletedAccounts 2023-06-01 2024-05-31 08062642 frs-bus:SmallEntities 2023-06-01 2024-05-31 08062642 frs-bus:AuditExempt-NoAccountantsReport 2023-06-01 2024-05-31 08062642 frs-bus:SmallCompaniesRegimeForAccounts 2023-06-01 2024-05-31 08062642 1 2023-06-01 2024-05-31 08062642 frs-bus:Director1 2023-06-01 2024-05-31 08062642 frs-bus:Director1 2023-05-31 08062642 frs-bus:Director1 2024-05-31 08062642 frs-countries:EnglandWales 2023-06-01 2024-05-31 08062642 2022-05-31 08062642 2023-05-31 08062642 2022-06-01 2023-05-31 08062642 frs-core:CurrentFinancialInstruments 2023-05-31 08062642 frs-core:ShareCapital 2023-05-31 08062642 frs-core:RetainedEarningsAccumulatedLosses 2023-05-31
Registered number: 08062642
CARPE DIEM ITLN LIMITED
Unaudited Financial Statements
For The Year Ended 31 May 2024
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—4
Page 1
Balance Sheet
Registered number: 08062642
2024 2023
Notes £ £ £ £
FIXED ASSETS
CURRENT ASSETS
Debtors 5 10,194 -
Cash at bank and in hand 15,448 30,724
25,642 30,724
Creditors: Amounts Falling Due Within One Year 6 (25,574 ) (20,573 )
NET CURRENT ASSETS (LIABILITIES) 68 10,151
TOTAL ASSETS LESS CURRENT LIABILITIES 68 10,151
NET ASSETS 68 10,151
CAPITAL AND RESERVES
Called up share capital 7 100 100
Profit and Loss Account (32 ) 10,051
SHAREHOLDERS' FUNDS 68 10,151
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
U K Obiwe
Director
10 February 2025
The notes on pages 2 to 4 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
CARPE DIEM ITLN LIMITED Registered number 08062642 is a limited by shares company incorporated in England & Wales. The Registered Office is 31 Tranquility Square, Westbrook, Warrington, WA5 8AZ.
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
Accounting standards require the director to consider the appropriateness of the going concern basis when preparing the financial statements. The director confirms that the going concern basis remains appropriate. The director believes this to be the case as the company has positive reserves, cash balances and no significant long term liabilities. Thus he continues to adopt the going concern basis of accounting in preparing the financial statements.
2.3. Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at cost less depreciation. 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% on cost
2.5. Taxation
The charge for taxation takes into account taxation deferred as a result of timing differences between the treatment of certain items for taxation and accounting purposes. In general, deferred taxation is recognised in respect of timing differences that have originated but not reversed at the balance sheet date. However, deferred tax assets are recognised only to the extent that the directors consider that it is more likely than not that there will be suitable taxable profits from which the future reversal of the underlying timing differences can be deducted. Deferred taxation is measured on a non-discounted basis at the tax rates that are expected to apply in periods in which the timing differences reverse, based on tax rates and the law enacted or substantively enacted at the balance sheet date.
2.6. Registrar Filing Requirements
The company has taken advantage of Companies Act 2006 section 444(1) and opted not to file the profit and loss account, directors report, and notes to the financial statements relating to the profit and loss account.
3. Average Number of Employees
Average number of employees, including directors, during the year was:
2024 2023
Office and administration 1 1
1 1
Page 2
Page 3
4. Tangible Assets
Computer Equipment
£
Cost
As at 1 June 2023 5,906
As at 31 May 2024 5,906
Depreciation
As at 1 June 2023 5,906
As at 31 May 2024 5,906
Net Book Value
As at 31 May 2024 -
As at 1 June 2023 -
5. Debtors
2024 2023
£ £
Due within one year
Director's loan account 10,194 -
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Corporation tax 24,974 19,486
Accruals and deferred income 600 600
Director's loan account - 487
25,574 20,573
7. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
8. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 June 2023 Amounts advanced Amounts repaid Amounts written off As at 31 May 2024
£ £ £ £ £
Dr Uche Obiwe - 10,194 - - 10,194
The above loan is unsecured, interest free and repayable on demand.
9. Dividends
2024 2023
£ £
On equity shares:
Final dividend paid 93,500 92,000
Page 3
Page 4
10. Related Party Transactions
At the balance sheet date, the company owed the director Dr U Obiwe £487 (2022: £217).
11. Controlling Party
The company's controlling party is Dr U Obiwe by virtue of his ownership of controlling shares of the issued share capital in the company.
Page 4