Acorah Software Products - Accounts Production 16.1.300 false true 31 May 2023 1 June 2022 false 1 June 2023 31 May 2024 31 May 2024 11341448 Mr Nicholas Philo Mr N Philo true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 11341448 2023-05-31 11341448 2024-05-31 11341448 2023-06-01 2024-05-31 11341448 frs-core:CurrentFinancialInstruments 2024-05-31 11341448 frs-core:ComputerEquipment 2024-05-31 11341448 frs-core:ComputerEquipment 2023-06-01 2024-05-31 11341448 frs-core:ComputerEquipment 2023-05-31 11341448 frs-core:ShareCapital 2024-05-31 11341448 frs-core:RetainedEarningsAccumulatedLosses 2024-05-31 11341448 frs-bus:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 11341448 frs-bus:FilletedAccounts 2023-06-01 2024-05-31 11341448 frs-bus:SmallEntities 2023-06-01 2024-05-31 11341448 frs-bus:AuditExempt-NoAccountantsReport 2023-06-01 2024-05-31 11341448 frs-bus:SmallCompaniesRegimeForAccounts 2023-06-01 2024-05-31 11341448 1 2023-06-01 2024-05-31 11341448 frs-bus:Director1 2023-06-01 2024-05-31 11341448 frs-bus:Director1 2023-05-31 11341448 frs-bus:Director1 2024-05-31 11341448 frs-countries:EnglandWales 2023-06-01 2024-05-31 11341448 2022-05-31 11341448 2023-05-31 11341448 2022-06-01 2023-05-31 11341448 frs-core:CurrentFinancialInstruments 2023-05-31 11341448 frs-core:ShareCapital 2023-05-31 11341448 frs-core:RetainedEarningsAccumulatedLosses 2023-05-31
Registered number: 11341448
N Philo Ltd
Unaudited Financial Statements
For The Year Ended 31 May 2024
ChadSan Limited
Castle House
Castle Street
Guildford
GU1 3UW
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 11341448
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 34 343
34 343
CURRENT ASSETS
Debtors 5 23,584 3,927
Cash at bank and in hand 3,865 13,358
27,449 17,285
Creditors: Amounts Falling Due Within One Year 6 (23,449 ) (16,818 )
NET CURRENT ASSETS (LIABILITIES) 4,000 467
TOTAL ASSETS LESS CURRENT LIABILITIES 4,034 810
NET ASSETS 4,034 810
CAPITAL AND RESERVES
Called up share capital 7 1 1
Profit and Loss Account 4,033 809
SHAREHOLDERS' FUNDS 4,034 810
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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
Mr Nicholas Philo
Director
24th February 2025
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
N Philo Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 11341448 . The registered office is 85 Great Portland Street, London, W1W 7LT.
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.
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:
Computer Equipment 33.33% on cost
2.4. 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.
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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2023: 1)
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4. Tangible Assets
Computer Equipment
£
Cost
As at 1 June 2023 991
Disposals (207 )
As at 31 May 2024 784
Depreciation
As at 1 June 2023 648
Provided during the period 221
Disposals (119 )
As at 31 May 2024 750
Net Book Value
As at 31 May 2024 34
As at 1 June 2023 343
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 12,915 -
Other debtors 8,443 3,714
21,358 3,714
Due after more than one year
Other debtors 2,226 213
23,584 3,927
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 251 501
Other creditors 2,100 -
Taxation and social security 21,098 16,317
23,449 16,818
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7. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1 1
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
£ £ £ £ £
Mr Nicholas Philo 3,131 (19,562 ) 24,526 - 8,095
The above loan is unsecured, interest free and repayable on demand.
9. Related Party Transactions
During the year dividends of £18,250 (2023: £50,700) were paid to the director.
10. Ultimate Controlling Party
The company's ultimate controlling party is Mr N Philo by virtue of his ownership of 100% of the issued share capital in the company.
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