Acorah Software Products - Accounts Production 16.1.300 false true 30 November 2023 1 December 2022 false 1 December 2023 30 November 2024 30 November 2024 08698271 Dr Zavid Chariwala Mrs Firoza Chariwala iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 08698271 2023-11-30 08698271 2024-11-30 08698271 2023-12-01 2024-11-30 08698271 frs-core:CurrentFinancialInstruments 2024-11-30 08698271 frs-core:ComputerEquipment 2024-11-30 08698271 frs-core:ComputerEquipment 2023-12-01 2024-11-30 08698271 frs-core:ComputerEquipment 2023-11-30 08698271 frs-core:FurnitureFittings 2024-11-30 08698271 frs-core:FurnitureFittings 2023-12-01 2024-11-30 08698271 frs-core:FurnitureFittings 2023-11-30 08698271 frs-core:ShareCapital 2024-11-30 08698271 frs-core:RetainedEarningsAccumulatedLosses 2024-11-30 08698271 frs-bus:PrivateLimitedCompanyLtd 2023-12-01 2024-11-30 08698271 frs-bus:FilletedAccounts 2023-12-01 2024-11-30 08698271 frs-bus:SmallEntities 2023-12-01 2024-11-30 08698271 frs-bus:AuditExempt-NoAccountantsReport 2023-12-01 2024-11-30 08698271 frs-bus:SmallCompaniesRegimeForAccounts 2023-12-01 2024-11-30 08698271 frs-bus:Director1 2023-12-01 2024-11-30 08698271 frs-bus:Director2 2023-12-01 2024-11-30 08698271 frs-core:CurrentFinancialInstruments 1 2024-11-30 08698271 frs-core:CurrentFinancialInstruments 3 2024-11-30 08698271 frs-countries:EnglandWales 2023-12-01 2024-11-30 08698271 2022-11-30 08698271 2023-11-30 08698271 2022-12-01 2023-11-30 08698271 frs-core:CurrentFinancialInstruments 2023-11-30 08698271 frs-core:ShareCapital 2023-11-30 08698271 frs-core:RetainedEarningsAccumulatedLosses 2023-11-30 08698271 frs-core:CurrentFinancialInstruments 1 2023-11-30 08698271 frs-core:CurrentFinancialInstruments 3 2023-11-30
Registered number: 08698271
Chariwala Smile Limited
Unaudited Financial Statements
For The Year Ended 30 November 2024
A Patel & Co Accountants
Licensed by AAT - Reg. No. 1199
341 Derby Street
Bolton
BL3 6LR
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 08698271
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 81,776 68,219
81,776 68,219
CURRENT ASSETS
Stocks 5 1,300 1,300
Debtors 6 74,429 66,209
Cash at bank and in hand 14,532 7,688
90,261 75,197
Creditors: Amounts Falling Due Within One Year 7 (73,920 ) (130,436 )
NET CURRENT ASSETS (LIABILITIES) 16,341 (55,239 )
TOTAL ASSETS LESS CURRENT LIABILITIES 98,117 12,980
PROVISIONS FOR LIABILITIES
Deferred Taxation (5,954 ) (5,954 )
NET ASSETS 92,163 7,026
CAPITAL AND RESERVES
Called up share capital 8 2 2
Profit and Loss Account 92,161 7,024
SHAREHOLDERS' FUNDS 92,163 7,026
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For the year ending 30 November 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
Mrs Firoza Chariwala
Director
18/02/2025
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Chariwala Smile Limited is a private company, limited by shares, incorporated in England & Wales, registered number 08698271 . The registered office is Holme Fold Barn Slack Fold Lane, Farnworth, Bolton, BL4 0LJ.
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:
Fixtures & Fittings 15%
Computer Equipment 20%
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.
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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: 12 (2023: 12)
12 12
4. Tangible Assets
Fixtures & Fittings Computer Equipment Total
£ £ £
Cost
As at 1 December 2023 102,386 49,765 152,151
Additions 25,120 3,596 28,716
As at 30 November 2024 127,506 53,361 180,867
Depreciation
As at 1 December 2023 42,933 40,999 83,932
Provided during the period 12,686 2,473 15,159
As at 30 November 2024 55,619 43,472 99,091
Net Book Value
As at 30 November 2024 71,887 9,889 81,776
As at 1 December 2023 59,453 8,766 68,219
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5. Stocks
2024 2023
£ £
Stock 1,300 1,300
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 74,429 66,209
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 42,470 46,141
Corporation tax 23,257 53,046
Net wages 2,425 -
Pension Payable (3,546 ) 459
Other creditors - Chariwala Limited 9,314 28,113
Accruals and deferred income - 1,380
Directors' loan accounts - 1,297
73,920 130,436
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 2 2
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