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 02824387 Mr Asaf Ahmed Mrs Nasim Akhtar Azhar Mr Asaf Ahmed iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 02824387 2023-06-30 02824387 2024-06-30 02824387 2023-07-01 2024-06-30 02824387 frs-core:CurrentFinancialInstruments 2024-06-30 02824387 frs-core:Non-currentFinancialInstruments 2024-06-30 02824387 frs-core:FurnitureFittings 2024-06-30 02824387 frs-core:FurnitureFittings 2023-07-01 2024-06-30 02824387 frs-core:FurnitureFittings 2023-06-30 02824387 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-06-30 02824387 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 02824387 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-06-30 02824387 frs-core:ShareCapital 2024-06-30 02824387 frs-core:RetainedEarningsAccumulatedLosses 2024-06-30 02824387 frs-bus:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 02824387 frs-bus:FilletedAccounts 2023-07-01 2024-06-30 02824387 frs-bus:SmallEntities 2023-07-01 2024-06-30 02824387 frs-bus:AuditExempt-NoAccountantsReport 2023-07-01 2024-06-30 02824387 frs-bus:SmallCompaniesRegimeForAccounts 2023-07-01 2024-06-30 02824387 frs-bus:Director1 2023-07-01 2024-06-30 02824387 frs-bus:Director2 2023-07-01 2024-06-30 02824387 frs-bus:CompanySecretary1 2023-07-01 2024-06-30 02824387 frs-countries:EnglandWales 2023-07-01 2024-06-30 02824387 2022-06-30 02824387 2023-06-30 02824387 2022-07-01 2023-06-30 02824387 frs-core:CurrentFinancialInstruments 2023-06-30 02824387 frs-core:Non-currentFinancialInstruments 2023-06-30 02824387 frs-core:ShareCapital 2023-06-30 02824387 frs-core:RetainedEarningsAccumulatedLosses 2023-06-30
Registered number: 02824387
MIDAS INVESTMENTS LIMITED
Unaudited Financial Statements
For The Year Ended 30 June 2024
J Ahmed & Co Ltd
Chartered Accountants
68 Seymour Grove
Old Trafford
Manchester
M16 0LN
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 02824387
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 131,187 131,187
131,187 131,187
CURRENT ASSETS
Debtors 5 58,924 59,174
Cash at bank and in hand 389 214
59,313 59,388
Creditors: Amounts Falling Due Within One Year 6 (18,706 ) (18,206 )
NET CURRENT ASSETS (LIABILITIES) 40,607 41,182
TOTAL ASSETS LESS CURRENT LIABILITIES 171,794 172,369
Creditors: Amounts Falling Due After More Than One Year 7 (142,582 ) (142,582 )
NET ASSETS 29,212 29,787
CAPITAL AND RESERVES
Called up share capital 8 100 100
Profit and Loss Account 29,112 29,687
SHAREHOLDERS' FUNDS 29,212 29,787
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 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 Asaf Ahmed
Director
18/03/2025
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
MIDAS INVESTMENTS LIMITED is a private company, limited by shares, incorporated in England & Wales, registered number 02824387 . The registered office is 101 St Albans Avenue, Ashton Under Lyne, Lancashire, OL6 8XF.
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:
Freehold No depreciation has been provided during the year
Fixtures & Fittings No depreciation has been provided during the year
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 2)
2 2
4. Tangible Assets
Land & Property
Freehold Fixtures & Fittings Total
£ £ £
Cost
As at 1 July 2023 142,903 4,193 147,096
As at 30 June 2024 142,903 4,193 147,096
Depreciation
As at 1 July 2023 11,716 4,193 15,909
As at 30 June 2024 11,716 4,193 15,909
Net Book Value
As at 30 June 2024 131,187 - 131,187
As at 1 July 2023 131,187 - 131,187
In directors opinion the open market value of the property is not significantly different from the cost price.
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 32,174 32,174
Other debtors 26,750 27,000
58,924 59,174
Page 3
Page 4
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Other creditors 2,200 1,700
Directors' loan accounts 16,506 16,506
18,706 18,206
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Other creditors 142,582 142,582
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
Page 4