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 12015443 Mr Oludele Adekanmi Mr Oludele Adekanmi iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 12015443 2023-05-31 12015443 2024-05-31 12015443 2023-06-01 2024-05-31 12015443 frs-core:CurrentFinancialInstruments 2024-05-31 12015443 frs-core:Non-currentFinancialInstruments 2024-05-31 12015443 frs-core:ShareCapital 2024-05-31 12015443 frs-core:RetainedEarningsAccumulatedLosses 2024-05-31 12015443 frs-bus:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 12015443 frs-bus:FilletedAccounts 2023-06-01 2024-05-31 12015443 frs-bus:SmallEntities 2023-06-01 2024-05-31 12015443 frs-bus:AuditExempt-NoAccountantsReport 2023-06-01 2024-05-31 12015443 frs-bus:SmallCompaniesRegimeForAccounts 2023-06-01 2024-05-31 12015443 frs-bus:Director1 2023-06-01 2024-05-31 12015443 frs-bus:Director1 2023-05-31 12015443 frs-bus:Director1 2024-05-31 12015443 frs-bus:CompanySecretary1 2023-06-01 2024-05-31 12015443 frs-countries:EnglandWales 2023-06-01 2024-05-31 12015443 2022-05-31 12015443 2023-05-31 12015443 2022-06-01 2023-05-31 12015443 frs-core:CurrentFinancialInstruments 2023-05-31 12015443 frs-core:Non-currentFinancialInstruments 2023-05-31 12015443 frs-core:ShareCapital 2023-05-31 12015443 frs-core:RetainedEarningsAccumulatedLosses 2023-05-31
Registered number: 12015443
Adekanmi Ltd
Unaudited Financial Statements
For The Year Ended 31 May 2024
Augustus & Co
Chartered Certified Accountants
374 Ley Street
Ilford
Essex
IG1 4AE
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—3
Page 1
Balance Sheet
Registered number: 12015443
2024 2023
Notes £ £ £ £
CURRENT ASSETS
Debtors 4 62,489 64,444
Cash at bank and in hand 4 22
62,493 64,466
Creditors: Amounts Falling Due Within One Year 5 (30,837 ) (30,479 )
NET CURRENT ASSETS (LIABILITIES) 31,656 33,987
TOTAL ASSETS LESS CURRENT LIABILITIES 31,656 33,987
Creditors: Amounts Falling Due After More Than One Year 6 (31,909 ) (32,815 )
NET (LIABILITIES)/ASSETS (253 ) 1,172
CAPITAL AND RESERVES
Called up share capital 7 1 1
Profit and Loss Account (254 ) 1,171
SHAREHOLDERS' FUNDS (253) 1,172
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 Oludele Adekanmi
Director
25 February 2025
The notes on pages 2 to 3 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
Adekanmi Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 12015443 . The registered office is Flat 3, 18 Sangley Road, South Norwood, London, SE25 6QT.
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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2023: 1)
1 1
4. Debtors
2024 2023
£ £
Due within one year
Other debtors 26,000 26,000
Corporation tax recoverable assets (s455 CTA 2010) 9,701 9,701
Director's loan account 26,788 28,743
62,489 64,444
5. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Bank loans and overdrafts 6,535 6,537
Corporation tax 22,622 22,622
Accruals and deferred income 1,680 1,320
30,837 30,479
6. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 31,909 32,815
7. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1 1
Page 2
Page 3
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 Oludele Adekanmi 28,743 - 1,955 - 26,788
The above loan is unsecured, interest free and repayable on demand.
Page 3