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 08082533 Mr Farooq Mir Mr Mohammad Mir iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 08082533 2023-05-31 08082533 2024-05-31 08082533 2023-06-01 2024-05-31 08082533 frs-core:CurrentFinancialInstruments 2024-05-31 08082533 frs-core:ComputerEquipment 2024-05-31 08082533 frs-core:ComputerEquipment 2023-06-01 2024-05-31 08082533 frs-core:ComputerEquipment 2023-05-31 08082533 frs-core:RetainedEarningsAccumulatedLosses 2024-05-31 08082533 frs-bus:CompanyLimitedByGuarantee 2023-06-01 2024-05-31 08082533 frs-bus:FilletedAccounts 2023-06-01 2024-05-31 08082533 frs-bus:SmallEntities 2023-06-01 2024-05-31 08082533 frs-bus:AuditExempt-NoAccountantsReport 2023-06-01 2024-05-31 08082533 frs-bus:SmallCompaniesRegimeForAccounts 2023-06-01 2024-05-31 08082533 frs-bus:Director1 2023-06-01 2024-05-31 08082533 frs-bus:CompanySecretary1 2023-06-01 2024-05-31 08082533 frs-countries:EnglandWales 2023-06-01 2024-05-31 08082533 2022-05-31 08082533 2023-05-31 08082533 2022-06-01 2023-05-31 08082533 frs-core:CurrentFinancialInstruments 2023-05-31 08082533 frs-core:RetainedEarningsAccumulatedLosses 2023-05-31
Registered number: 08082533
Seeds Foundation
Unaudited Financial Statements
For The Year Ended 31 May 2024
Accountax (UK) Limited
Chartered Certified Accountants & Registered Auditors
21 Knightsbridge
London
SW1X 7LY
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 08082533
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 230 345
230 345
CURRENT ASSETS
Cash at bank and in hand 28,087 28,209
28,087 28,209
Creditors: Amounts Falling Due Within One Year 5 (2,992 ) (3,592 )
NET CURRENT ASSETS (LIABILITIES) 25,095 24,617
TOTAL ASSETS LESS CURRENT LIABILITIES 25,325 24,962
NET ASSETS 25,325 24,962
Income and Expenditure Account 25,325 24,962
MEMBERS' FUNDS 25,325 24,962
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 Income and Expenditure Account.
On behalf of the board
Mr Farooq Mir
Director
25/02/2025
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Seeds Foundation is a private company, limited by guarantee, incorporated in England & Wales, registered number 08082533 . The registered office is Suite 2b, The Hub, 40 Friar Lane, Nottingham, Nottinghamshire, NG1 6DQ.
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.
.
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 25% on cost
3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2023: NIL)
- -
4. Tangible Assets
Computer Equipment
£
Cost
As at 1 June 2023 460
As at 31 May 2024 460
Depreciation
As at 1 June 2023 115
Provided during the period 115
As at 31 May 2024 230
Net Book Value
As at 31 May 2024 230
As at 1 June 2023 345
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Page 4
5. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Bank loans and overdrafts 2,100 2,800
Accruals and deferred income 250 150
Directors' loan accounts 642 642
2,992 3,592
6. Company limited by guarantee
The company is limited by guarantee and has no share capital.
Every member of the company undertakes to contribute to the assets of the company, in the event of a winding up, such an amount as may be required not exceeding £1.
Page 4