Acorah Software Products - Accounts Production 16.1.300 false true 30 June 2023 1 July 2022 false 1 July 2023 30 June 2024 30 June 2024 12697302 Ms Shaveetha Udhayakumar iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 12697302 2023-06-30 12697302 2024-06-30 12697302 2023-07-01 2024-06-30 12697302 frs-core:CurrentFinancialInstruments 2024-06-30 12697302 frs-core:FurnitureFittings 2024-06-30 12697302 frs-core:FurnitureFittings 2023-07-01 2024-06-30 12697302 frs-core:FurnitureFittings 2023-06-30 12697302 frs-core:ShareCapital 2024-06-30 12697302 frs-core:RetainedEarningsAccumulatedLosses 2024-06-30 12697302 frs-bus:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 12697302 frs-bus:FilletedAccounts 2023-07-01 2024-06-30 12697302 frs-bus:SmallEntities 2023-07-01 2024-06-30 12697302 frs-bus:AuditExempt-NoAccountantsReport 2023-07-01 2024-06-30 12697302 frs-bus:SmallCompaniesRegimeForAccounts 2023-07-01 2024-06-30 12697302 frs-bus:Director1 2023-07-01 2024-06-30 12697302 frs-core:CurrentFinancialInstruments 2 2024-06-30 12697302 frs-countries:EnglandWales 2023-07-01 2024-06-30 12697302 2022-06-30 12697302 2023-06-30 12697302 2022-07-01 2023-06-30 12697302 frs-core:CurrentFinancialInstruments 2023-06-30 12697302 frs-core:ShareCapital 2023-06-30 12697302 frs-core:RetainedEarningsAccumulatedLosses 2023-06-30 12697302 frs-core:CurrentFinancialInstruments 2 2023-06-30
Registered number: 12697302
Shavee Enterprise Ltd
Unaudited Financial Statements
For The Year Ended 30 June 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 12697302
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 2,079 7,649
2,079 7,649
CURRENT ASSETS
Stocks 5 19,850 21,500
Debtors 6 14 17,000
Cash at bank and in hand 2,793 3,974
22,657 42,474
Creditors: Amounts Falling Due Within One Year 7 (17,865 ) (33,710 )
NET CURRENT ASSETS (LIABILITIES) 4,792 8,764
TOTAL ASSETS LESS CURRENT LIABILITIES 6,871 16,413
NET ASSETS 6,871 16,413
CAPITAL AND RESERVES
Called up share capital 8 10 10
Profit and Loss Account 6,861 16,403
SHAREHOLDERS' FUNDS 6,871 16,413
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For the year ending 30 June 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 her 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
Ms Shaveetha Udhayakumar
Director
10 March 2025
The notes on pages 3 to 5 form part of these financial statements.
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Page 3
Notes to the Financial Statements
1. General Information
Shavee Enterprise Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 12697302 . The registered office is 24 High Firs, Swanley, Kent, BR8 8NS.
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 represents the total invoice value, excluding value added tax, of sales made during the period.
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:
Fixtures & Fittings 20%
2.4. Stocks and Work in Progress
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
2.5. 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.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are 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: 5 (2023: 4)
5 4
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4. Tangible Assets
Fixtures & Fittings
£
Cost
As at 1 July 2023 27,851
As at 30 June 2024 27,851
Depreciation
As at 1 July 2023 20,202
Provided during the period 5,570
As at 30 June 2024 25,772
Net Book Value
As at 30 June 2024 2,079
As at 1 July 2023 7,649
5. Stocks
2024 2023
£ £
Stock 19,850 21,500
6. Debtors
2024 2023
£ £
Due within one year
Other debtors - 17,000
VAT 14 -
14 17,000
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 3,047 1
Corporation tax 2,702 3,672
Other taxes and social security 82 -
VAT - 78
Net wages 2,486 1,667
Other creditors (Paypoint) 332 353
Director's loan account 9,216 27,939
17,865 33,710
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 10 10
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9. Dividends
2024 2023
£ £
On equity shares:
Final dividend paid 12,000 10,000
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