Acorah Software Products - Accounts Production 16.1.300 false true 30 June 2023 1 July 2022 false 1 July 2023 30 June 2024 30 June 2024 10714688 Mr Bhagirath Chandegra Mr Ramesh Chandegra Mr Gaurav Saini Mrs Preeti Chandegra true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 10714688 2023-06-30 10714688 2024-06-30 10714688 2023-07-01 2024-06-30 10714688 frs-core:CurrentFinancialInstruments 2024-06-30 10714688 frs-core:Non-currentFinancialInstruments 2024-06-30 10714688 frs-core:NetGoodwill 2024-06-30 10714688 frs-core:NetGoodwill 2023-07-01 2024-06-30 10714688 frs-core:NetGoodwill 2023-06-30 10714688 frs-core:PlantMachinery 2024-06-30 10714688 frs-core:PlantMachinery 2023-07-01 2024-06-30 10714688 frs-core:PlantMachinery 2023-06-30 10714688 frs-core:ShareCapital 2024-06-30 10714688 frs-core:RetainedEarningsAccumulatedLosses 2024-06-30 10714688 frs-bus:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 10714688 frs-bus:FilletedAccounts 2023-07-01 2024-06-30 10714688 frs-bus:SmallEntities 2023-07-01 2024-06-30 10714688 frs-bus:AuditExempt-NoAccountantsReport 2023-07-01 2024-06-30 10714688 frs-bus:SmallCompaniesRegimeForAccounts 2023-07-01 2024-06-30 10714688 1 2023-07-01 2024-06-30 10714688 frs-bus:Director1 2023-07-01 2024-06-30 10714688 frs-bus:Director2 2023-07-01 2024-06-30 10714688 frs-bus:Director3 2023-07-01 2024-06-30 10714688 frs-bus:Director4 2023-07-01 2024-06-30 10714688 frs-countries:EnglandWales 2023-07-01 2024-06-30 10714688 2022-06-30 10714688 2023-06-30 10714688 2022-07-01 2023-06-30 10714688 frs-core:CurrentFinancialInstruments 2023-06-30 10714688 frs-core:Non-currentFinancialInstruments 2023-06-30 10714688 frs-core:ShareCapital 2023-06-30 10714688 frs-core:RetainedEarningsAccumulatedLosses 2023-06-30
Registered number: 10714688
Dhyan Group Limited
Unaudited Financial Statements
For The Year Ended 30 June 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—7
Page 1
Balance Sheet
Registered number: 10714688
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 5 55,833 67,427
55,833 67,427
CURRENT ASSETS
Stocks 6 100,468 103,473
Debtors 7 37,088 16,787
Cash at bank and in hand 722,779 636,646
860,335 756,906
Creditors: Amounts Falling Due Within One Year 8 (214,983 ) (269,408 )
NET CURRENT ASSETS (LIABILITIES) 645,352 487,498
TOTAL ASSETS LESS CURRENT LIABILITIES 701,185 554,925
Creditors: Amounts Falling Due After More Than One Year 9 (23,049 ) (27,828 )
PROVISIONS FOR LIABILITIES
Deferred Taxation 10 (13,958 ) (16,857 )
NET ASSETS 664,178 510,240
CAPITAL AND RESERVES
Called up share capital 11 1 1
Profit and Loss Account 664,177 510,239
SHAREHOLDERS' FUNDS 664,178 510,240
Page 1
Page 2
For the year ending 30 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their 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
Mrs Preeti Chandegra
Director
30 January 2025
The notes on pages 3 to 7 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Dhyan Group Limited is a private company, limited by shares, incorporated in England & Wales, registered number 10714688 . The registered office is 15 Bridge Way, Twickenham, TW2 7JL.
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. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of 3 years.
2.4. 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:
Plant & Machinery 25% Reducing Balance
2.5. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
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2.6. 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.
2.7. 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 or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
2.8. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
2.9. Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any
impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised
at transaction price including any transaction costs and subsequently measured at amortised cost
determined using the effective interest method, less any impairment losses for bad and doubtful
debts.
2.10. Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and
other financial liabilities are initially recognised at transaction price net of any transaction costs and
subsequently measured at amortised cost determined using the effective interest method.
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2.11. Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the
reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the
obligation and the amount of the obligation can be estimated reliably.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 10 (2023: 10)
10 10
4. Intangible Assets
Goodwill
£
Cost
As at 1 July 2023 332,908
As at 30 June 2024 332,908
Amortisation
As at 1 July 2023 332,908
As at 30 June 2024 332,908
Net Book Value
As at 30 June 2024 -
As at 1 July 2023 -
5. Tangible Assets
Plant & Machinery
£
Cost
As at 1 July 2023 145,941
Additions 6,041
Disposals (833 )
As at 30 June 2024 151,149
Depreciation
As at 1 July 2023 78,514
Provided during the period 17,167
Disposals (365 )
As at 30 June 2024 95,316
Net Book Value
As at 30 June 2024 55,833
As at 1 July 2023 67,427
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6. Stocks
2024 2023
£ £
Finished goods 100,468 103,473
7. Debtors
2024 2023
£ £
Due within one year
Trade debtors 32,088 16,787
Other debtors 5,000 -
37,088 16,787
8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 123,286 138,153
Bank loans and overdrafts 5,580 5,640
Other taxes and social security 65,899 55,494
Other creditors 17,168 66,921
Accruals and deferred income 3,050 3,200
214,983 269,408
9. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 23,049 27,828
10. Deferred Taxation
The provision for deferred tax is made up as follows:
2024 2023
£ £
Other timing differences 13,958 16,857
11. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1 1
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12. Related Party Transactions
EASN Ltd - Directors and Shareholders in common
There is a loan account between the two companies which is free of interest and repayable on demand and is
included within other debtors.
Amount due from the related party: 2024 £5,000 (2023: £0)
Directors Loan Account - The loan is free of interest and is repayable on demand and is included within other
creditors.
Amount due to the related party: 2024 £3,245 (2023: £66,669)
13. Ultimate Controlling Party
Mr G Saini and Mr B Chandegra are the controlling party by virtue of their joint majority ownership of
the issued ordinary share capital in the company.
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