Acorah Software Products - Accounts Production 16.1.300 false true 31 August 2023 1 September 2022 false 1 September 2023 31 August 2024 31 August 2024 11531227 Mr Kunal Sharma Mr Kedar Gupte iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 11531227 2023-08-31 11531227 2024-08-31 11531227 2023-09-01 2024-08-31 11531227 frs-core:CurrentFinancialInstruments 2024-08-31 11531227 frs-core:ShareCapital 2024-08-31 11531227 frs-core:RetainedEarningsAccumulatedLosses 2024-08-31 11531227 frs-bus:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 11531227 frs-bus:FilletedAccounts 2023-09-01 2024-08-31 11531227 frs-bus:SmallEntities 2023-09-01 2024-08-31 11531227 frs-bus:AuditExempt-NoAccountantsReport 2023-09-01 2024-08-31 11531227 frs-bus:SmallCompaniesRegimeForAccounts 2023-09-01 2024-08-31 11531227 frs-bus:Director1 2023-09-01 2024-08-31 11531227 frs-bus:Director2 2023-09-01 2024-08-31 11531227 frs-countries:EnglandWales 2023-09-01 2024-08-31 11531227 2022-08-31 11531227 2023-08-31 11531227 2022-09-01 2023-08-31 11531227 frs-core:CurrentFinancialInstruments 2023-08-31 11531227 frs-core:ShareCapital 2023-08-31 11531227 frs-core:RetainedEarningsAccumulatedLosses 2023-08-31
Registered number: 11531227
Red Lotus Limited
Unaudited Financial Statements
For The Year Ended 31 August 2024
Sachdevs
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2
Page 1
Balance Sheet
Registered number: 11531227
2024 2023
Notes £ £ £ £
CURRENT ASSETS
Debtors 4 308,321 98,025
Cash at bank and in hand 5,355 156,540
313,676 254,565
Creditors: Amounts Falling Due Within One Year 5 (17,289 ) (17,117 )
NET CURRENT ASSETS (LIABILITIES) 296,387 237,448
TOTAL ASSETS LESS CURRENT LIABILITIES 296,387 237,448
NET ASSETS 296,387 237,448
CAPITAL AND RESERVES
Called up share capital 6 100 100
Profit and Loss Account 296,287 237,348
SHAREHOLDERS' FUNDS 296,387 237,448
For the year ending 31 August 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 Kedar Gupte
Director
06/03/2025
The notes on page 2 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
Red Lotus Limited is a private company, limited by shares, incorporated in England & Wales, registered number 11531227 . The registered office is 4 Station Avenue, Coventry, CV4 9HS.
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.
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. 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.
Current tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also 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: NIL (2023: NIL)
- -
4. Debtors
2024 2023
£ £
Due within one year
Other debtors 308,321 98,025
5. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Other creditors 780 1,881
Taxation and social security 16,509 15,236
17,289 17,117
6. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
Page 2