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 09030777 Mr Dilraj Rai Mr Paramdeep Rai iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 09030777 2023-05-31 09030777 2024-05-31 09030777 2023-06-01 2024-05-31 09030777 frs-core:CurrentFinancialInstruments 2024-05-31 09030777 frs-core:Non-currentFinancialInstruments 2024-05-31 09030777 frs-core:ComputerEquipment 2024-05-31 09030777 frs-core:ComputerEquipment 2023-06-01 2024-05-31 09030777 frs-core:ComputerEquipment 2023-05-31 09030777 frs-core:FurnitureFittings 2024-05-31 09030777 frs-core:FurnitureFittings 2023-06-01 2024-05-31 09030777 frs-core:FurnitureFittings 2023-05-31 09030777 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-05-31 09030777 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-06-01 2024-05-31 09030777 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-05-31 09030777 frs-core:PlantMachinery 2024-05-31 09030777 frs-core:PlantMachinery 2023-06-01 2024-05-31 09030777 frs-core:PlantMachinery 2023-05-31 09030777 frs-core:ShareCapital 2024-05-31 09030777 frs-core:RetainedEarningsAccumulatedLosses 2024-05-31 09030777 frs-bus:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 09030777 frs-bus:FilletedAccounts 2023-06-01 2024-05-31 09030777 frs-bus:SmallEntities 2023-06-01 2024-05-31 09030777 frs-bus:AuditExempt-NoAccountantsReport 2023-06-01 2024-05-31 09030777 frs-bus:SmallCompaniesRegimeForAccounts 2023-06-01 2024-05-31 09030777 frs-bus:Director1 2023-06-01 2024-05-31 09030777 frs-bus:Director2 2023-06-01 2024-05-31 09030777 frs-countries:EnglandWales 2023-06-01 2024-05-31 09030777 2022-05-31 09030777 2023-05-31 09030777 2022-06-01 2023-05-31 09030777 frs-core:CurrentFinancialInstruments 2023-05-31 09030777 frs-core:Non-currentFinancialInstruments 2023-05-31 09030777 frs-core:ShareCapital 2023-05-31 09030777 frs-core:RetainedEarningsAccumulatedLosses 2023-05-31
Registered number: 09030777
Bagista Ltd
Unaudited Financial Statements
For The Year Ended 31 May 2024
Sachdevs
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 09030777
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 50,397 61,216
50,397 61,216
CURRENT ASSETS
Stocks 5 905,048 882,412
Debtors 6 226,521 119,835
Cash at bank and in hand 787,059 296,745
1,918,628 1,298,992
Creditors: Amounts Falling Due Within One Year 7 (520,989 ) (579,277 )
NET CURRENT ASSETS (LIABILITIES) 1,397,639 719,715
TOTAL ASSETS LESS CURRENT LIABILITIES 1,448,036 780,931
Creditors: Amounts Falling Due After More Than One Year 8 (227,938 ) (233,542 )
PROVISIONS FOR LIABILITIES
Provisions For Charges (40,000 ) -
NET ASSETS 1,180,098 547,389
CAPITAL AND RESERVES
Called up share capital 9 100 100
Profit and Loss Account 1,179,998 547,289
SHAREHOLDERS' FUNDS 1,180,098 547,389
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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 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 Dilraj Rai
Director
Mr Paramdeep Rai
Director
25/02/2025
The notes on pages 3 to 5 form part of these financial statements.
Page 2
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Notes to the Financial Statements
1. General Information
Bagista Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 09030777 . The registered office is 221 Brompton Road, Knightsbridge, London, SW3 2EJ.
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. 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:
Freehold 25% Reducing balance
Plant & Machinery 25% Reducing balance
Fixtures & Fittings 20% Reducing balance
Computer Equipment 25% Reducing balance
2.4. 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.
2.5. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 13 (2023: 10)
13 10
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4. Tangible Assets
Land & Property
Freehold Plant & Machinery Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 June 2023 90,846 12,577 13,316 5,794 122,533
Additions - - 605 5,179 5,784
As at 31 May 2024 90,846 12,577 13,921 10,973 128,317
Depreciation
As at 1 June 2023 39,745 8,308 10,974 2,290 61,317
Provided during the period 12,775 1,067 590 2,171 16,603
As at 31 May 2024 52,520 9,375 11,564 4,461 77,920
Net Book Value
As at 31 May 2024 38,326 3,202 2,357 6,512 50,397
As at 1 June 2023 51,101 4,269 2,342 3,504 61,216
5. Stocks
2024 2023
£ £
Stock 905,048 882,412
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 169,177 67,123
Other debtors 39,344 45,212
208,521 112,335
Due after more than one year
Other debtors 18,000 7,500
226,521 119,835
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 47,251 213,995
Other creditors 132,475 160,535
Taxation and social security 341,263 204,747
520,989 579,277
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8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 29,986 39,690
Amounts owed to group undertakings 149,005 154,760
Other creditors 48,947 39,092
227,938 233,542
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
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