Acorah Software Products - Accounts Production 16.1.300 false true true 31 March 2023 1 April 2022 false 1 April 2023 31 March 2024 31 March 2024 08641160 Mr Ashay Rai iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 08641160 2023-03-31 08641160 2024-03-31 08641160 2023-04-01 2024-03-31 08641160 frs-core:CurrentFinancialInstruments 2024-03-31 08641160 frs-core:Non-currentFinancialInstruments 2024-03-31 08641160 frs-core:FurnitureFittings 2024-03-31 08641160 frs-core:FurnitureFittings 2023-04-01 2024-03-31 08641160 frs-core:FurnitureFittings 2023-03-31 08641160 frs-core:NetGoodwill 2024-03-31 08641160 frs-core:NetGoodwill 2023-04-01 2024-03-31 08641160 frs-core:NetGoodwill 2023-03-31 08641160 frs-core:MotorVehicles 2024-03-31 08641160 frs-core:MotorVehicles 2023-04-01 2024-03-31 08641160 frs-core:MotorVehicles 2023-03-31 08641160 frs-core:PlantMachinery 2024-03-31 08641160 frs-core:PlantMachinery 2023-04-01 2024-03-31 08641160 frs-core:PlantMachinery 2023-03-31 08641160 frs-core:ShareCapital 2024-03-31 08641160 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 08641160 frs-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 08641160 frs-bus:FilletedAccounts 2023-04-01 2024-03-31 08641160 frs-bus:SmallEntities 2023-04-01 2024-03-31 08641160 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 08641160 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 08641160 frs-bus:Director1 2023-04-01 2024-03-31 08641160 frs-core:CurrentFinancialInstruments 1 2024-03-31 08641160 frs-core:CurrentFinancialInstruments 2 2024-03-31 08641160 frs-countries:EnglandWales 2023-04-01 2024-03-31 08641160 2022-03-31 08641160 2023-03-31 08641160 2022-04-01 2023-03-31 08641160 frs-core:CurrentFinancialInstruments 2023-03-31 08641160 frs-core:Non-currentFinancialInstruments 2023-03-31 08641160 frs-core:ShareCapital 2023-03-31 08641160 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31 08641160 frs-core:CurrentFinancialInstruments 1 2023-03-31 08641160 frs-core:CurrentFinancialInstruments 2 2023-03-31
Registered number: 08641160
Everest Traders Limited
Unaudited Financial Statements
For The Year Ended 31 March 2024
Chartax Associates & Co
Chartered Certified Accountants and Tax Consultants
103B Island Business Centre
18-36 Wellington Street
Woolwich
London
SE18 6PF
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 08641160
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 5 2,425 4,834
2,425 4,834
CURRENT ASSETS
Stocks 6 65,793 50,125
Debtors 7 5,607 4,816
Cash at bank and in hand 8,251 4,709
79,651 59,650
Creditors: Amounts Falling Due Within One Year 8 (105,144 ) (123,541 )
NET CURRENT ASSETS (LIABILITIES) (25,493 ) (63,891 )
TOTAL ASSETS LESS CURRENT LIABILITIES (23,068 ) (59,057 )
Creditors: Amounts Falling Due After More Than One Year 9 (17,400 ) (27,444 )
NET LIABILITIES (40,468 ) (86,501 )
CAPITAL AND RESERVES
Called up share capital 10 2 2
Profit and Loss Account (40,470 ) (86,503 )
SHAREHOLDERS' FUNDS (40,468) (86,501)
Page 1
Page 2
For the year ending 31 March 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 Ashay Rai
Director
12 March 2025
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Everest Traders Limited is a private company, limited by shares, incorporated in England & Wales, registered number 08641160 . The registered office is 10 Cradlebridge Drive, Willesborough, Ashford, Kent, TN24 0RN.
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. Going Concern Disclosure
The balance sheet is in net deficit. The accounts are prepared on going concern basis as the directors and shareholders will continue to be providing financial supports as and when required.

2.3. 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.
2.4. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of 5 years.
2.5. 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% Staright Line
Motor Vehicles 20% Staright Line
Fixtures & Fittings 20% Staright Line
2.6. 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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3. Average Number of Employees
Average number of employees, including directors, during the year was: 4 (2023: 4)
4 4
4. Intangible Assets
Goodwill
£
Cost
As at 1 April 2023 30,000
As at 31 March 2024 30,000
Amortisation
As at 1 April 2023 30,000
As at 31 March 2024 30,000
Net Book Value
As at 31 March 2024 -
As at 1 April 2023 -
5. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Total
£ £ £ £
Cost
As at 1 April 2023 7,547 4,500 10,575 22,622
As at 31 March 2024 7,547 4,500 10,575 22,622
Depreciation
As at 1 April 2023 4,513 2,700 10,575 17,788
Provided during the period 1,509 900 - 2,409
As at 31 March 2024 6,022 3,600 10,575 20,197
Net Book Value
As at 31 March 2024 1,525 900 - 2,425
As at 1 April 2023 3,034 1,800 - 4,834
6. Stocks
2024 2023
£ £
Finished goods 65,793 50,125
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7. Debtors
2024 2023
£ £
Due within one year
Trade debtors 3,107 2,316
Other debtors - Rent Deposits 2,500 2,500
5,607 4,816
8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 2,297 265
Bank loans and overdrafts 10,101 10,059
Other taxes and social security-PAYE & NIC 1,164 1,208
VAT 5,951 3,544
Net wages 3,811 4,007
Other creditors - Pension Payable 207 137
Other creditors -Menzies Distribution 256 365
Other creditors Camelot Plc/ Lottery 158 258
Accruals and deferred income 1,200 1,200
Director's loan account 79,999 102,498
105,144 123,541
9. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 17,400 27,444
10. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 2 2
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