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 05638964 Mr Sukhjit Hothi Mrs Navdeep Hothi iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 05638964 2023-06-30 05638964 2024-06-30 05638964 2023-07-01 2024-06-30 05638964 frs-core:CurrentFinancialInstruments 2024-06-30 05638964 frs-core:Non-currentFinancialInstruments 2024-06-30 05638964 frs-core:FurnitureFittings 2024-06-30 05638964 frs-core:FurnitureFittings 2023-07-01 2024-06-30 05638964 frs-core:FurnitureFittings 2023-06-30 05638964 frs-core:MotorVehicles 2024-06-30 05638964 frs-core:MotorVehicles 2023-07-01 2024-06-30 05638964 frs-core:MotorVehicles 2023-06-30 05638964 frs-core:PlantMachinery 2023-07-01 2024-06-30 05638964 frs-core:ShareCapital 2024-06-30 05638964 frs-core:RetainedEarningsAccumulatedLosses 2024-06-30 05638964 frs-bus:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 05638964 frs-bus:FilletedAccounts 2023-07-01 2024-06-30 05638964 frs-bus:SmallEntities 2023-07-01 2024-06-30 05638964 frs-bus:AuditExempt-NoAccountantsReport 2023-07-01 2024-06-30 05638964 frs-bus:SmallCompaniesRegimeForAccounts 2023-07-01 2024-06-30 05638964 frs-bus:Director1 2023-07-01 2024-06-30 05638964 frs-bus:CompanySecretary1 2023-07-01 2024-06-30 05638964 frs-countries:EnglandWales 2023-07-01 2024-06-30 05638964 2022-06-30 05638964 2023-06-30 05638964 2022-07-01 2023-06-30 05638964 frs-core:CurrentFinancialInstruments 2023-06-30 05638964 frs-core:Non-currentFinancialInstruments 2023-06-30 05638964 frs-core:ShareCapital 2023-06-30 05638964 frs-core:RetainedEarningsAccumulatedLosses 2023-06-30
Registered number: 05638964
Subs Limited
Unaudited Financial Statements
For The Year Ended 30 June 2024
TaxAssist Accountants
635 Bath Road
Slough
Berkshire
SL1 6AE
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 05638964
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 - 264
- 264
CURRENT ASSETS
Debtors 5 493,370 560,014
Cash at bank and in hand 14,035 26,821
507,405 586,835
Creditors: Amounts Falling Due Within One Year 6 (66,157 ) (46,937 )
NET CURRENT ASSETS (LIABILITIES) 441,248 539,898
TOTAL ASSETS LESS CURRENT LIABILITIES 441,248 540,162
Creditors: Amounts Falling Due After More Than One Year 7 (64,731 ) (102,000 )
NET ASSETS 376,517 438,162
CAPITAL AND RESERVES
Called up share capital 8 198 198
Profit and Loss Account 376,319 437,964
SHAREHOLDERS' FUNDS 376,517 438,162
Page 1
Page 2
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 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 Sukhjit Hothi
Director
6th November 2024
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
Subs Limited is a private company, limited by shares, incorporated in England & Wales, registered number 05638964 . The registered office is 28 Glenavon Gardens, Slough, SL3 7HN.
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. 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:
Plant & Machinery 20% reducing balance method
Motor Vehicles 25% straight line
Fixtures & Fittings 33.33% straight line
2.3. 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 as follows:14 NIL (2023: NIL)
- -
4. Tangible Assets
Motor Vehicles Fixtures & Fittings Total
£ £ £
Cost
As at 1 July 2023 10,800 1,701 12,501
As at 30 June 2024 10,800 1,701 12,501
...CONTINUED
Page 3
Page 4
Depreciation
As at 1 July 2023 10,800 1,437 12,237
Provided during the period - 264 264
As at 30 June 2024 10,800 1,701 12,501
Net Book Value
As at 30 June 2024 - - -
As at 1 July 2023 - 264 264
5. Debtors
2024 2023
£ £
Due within one year
Corporation tax recoverable assets - 1,644
Amounts owed by associates 493,370 558,370
493,370 560,014
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors (1 ) -
Bank loans and overdrafts 41,231 45,192
Other creditors - 83
Director's loan account 24,927 1,662
66,157 46,937
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 64,731 102,000
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 198 198
Page 4