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 09578208 Mr Yashin Ramkissoon Ms Meenal Karania iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 09578208 2023-05-31 09578208 2024-05-31 09578208 2023-06-01 2024-05-31 09578208 frs-core:CurrentFinancialInstruments 2024-05-31 09578208 frs-core:ComputerEquipment 2024-05-31 09578208 frs-core:ComputerEquipment 2023-06-01 2024-05-31 09578208 frs-core:ComputerEquipment 2023-05-31 09578208 frs-core:FurnitureFittings 2024-05-31 09578208 frs-core:FurnitureFittings 2023-06-01 2024-05-31 09578208 frs-core:FurnitureFittings 2023-05-31 09578208 frs-core:MotorVehicles 2024-05-31 09578208 frs-core:MotorVehicles 2023-06-01 2024-05-31 09578208 frs-core:MotorVehicles 2023-05-31 09578208 frs-core:PlantMachinery 2024-05-31 09578208 frs-core:PlantMachinery 2023-06-01 2024-05-31 09578208 frs-core:PlantMachinery 2023-05-31 09578208 frs-core:ShareCapital 2024-05-31 09578208 frs-core:RetainedEarningsAccumulatedLosses 2024-05-31 09578208 frs-bus:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 09578208 frs-bus:FilletedAccounts 2023-06-01 2024-05-31 09578208 frs-bus:SmallEntities 2023-06-01 2024-05-31 09578208 frs-bus:AuditExempt-NoAccountantsReport 2023-06-01 2024-05-31 09578208 frs-bus:SmallCompaniesRegimeForAccounts 2023-06-01 2024-05-31 09578208 frs-core:AcceleratedTaxDepreciationDeferredTax 2024-05-31 09578208 frs-bus:Director1 2023-06-01 2024-05-31 09578208 frs-bus:Director2 2023-06-01 2024-05-31 09578208 1 2023-06-01 2024-05-31 09578208 frs-countries:NorthernIreland 2023-06-01 2024-05-31 09578208 2022-05-31 09578208 2023-05-31 09578208 2022-06-01 2023-05-31 09578208 frs-core:CurrentFinancialInstruments 2023-05-31 09578208 frs-core:ShareCapital 2023-05-31 09578208 frs-core:RetainedEarningsAccumulatedLosses 2023-05-31 09578208 frs-core:AcceleratedTaxDepreciationDeferredTax 2023-05-31 09578208 1 2022-06-01 2023-05-31
Registered number: 09578208
Oculoris Ltd
Unaudited Financial Statements
For The Year Ended 31 May 2024
Mac Kotecha & Company
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 09578208
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 59,132 66,818
59,132 66,818
CURRENT ASSETS
Debtors 5 13,464 21,376
Cash at bank and in hand 248,623 226,792
262,087 248,168
Creditors: Amounts Falling Due Within One Year 6 (20,125 ) (14,460 )
NET CURRENT ASSETS (LIABILITIES) 241,962 233,708
TOTAL ASSETS LESS CURRENT LIABILITIES 301,094 300,526
PROVISIONS FOR LIABILITIES
Deferred Taxation 7 (14,783 ) (16,705 )
NET ASSETS 286,311 283,821
CAPITAL AND RESERVES
Called up share capital 100 100
Profit and Loss Account 286,211 283,721
SHAREHOLDERS' FUNDS 286,311 283,821
Page 1
Page 2
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 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
Mr Yashin Ramkissoon
Director
12/02/2025
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Oculoris Ltd Registered number 09578208 is a limited by shares company incorporated in Northern Ireland. The Registered Office is 4 Endcliffe Grove Avenue, Sheffield, S10 3EJ.
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 comprises the invoiced value services supplied by the company, reduced for any discounts and refunds offered.
2.3. 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:
Plant & Machinery 25% on reducing balance
Motor Vehicles 20% on reducing balance
Fixtures & Fittings 25% on reducing balance
Computer Equipment 25% on reducing balance
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.
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.
2.5. 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
Average number of employees 3 3
3 3
Page 3
Page 4
4. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 June 2023 1,982 110,400 4,872 19,838 137,092
Additions 664 - - 7,591 8,255
As at 31 May 2024 2,646 110,400 4,872 27,429 145,347
Depreciation
As at 1 June 2023 1,005 53,875 3,539 11,855 70,274
Provided during the period 410 11,305 333 3,893 15,941
As at 31 May 2024 1,415 65,180 3,872 15,748 86,215
Net Book Value
As at 31 May 2024 1,231 45,220 1,000 11,681 59,132
As at 1 June 2023 977 56,525 1,333 7,983 66,818
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 12,495 20,245
Prepayments and accrued income 969 1,131
13,464 21,376
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Corporation tax 8,015 3,326
Other taxes and social security 703 457
Accruals and deferred income 3,435 3,205
Directors' loan accounts 7,972 7,472
20,125 14,460
7. Deferred Taxation
The provision for deferred tax is made up as follows:
2024 2023
£ £
Accelerated capital allowances 14,783 16,705
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8. Dividends
2024 2023
£ £
On equity shares:
Final dividend paid 22,000 24,000
Included in total dividends paid during the year to 31st May 2024 of £22,000 (2023: £24,000) were dividends paid to the following directors:
Mr Yashin Ramkissoon: £11,000 (2023: £12,000)
Ms Meenal Karania: £11,000 (2023: £12,000)
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