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 07291292 Vishal Thanki Dr Bijal Thanki Manharbala Thanki iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 07291292 2023-06-30 07291292 2024-06-30 07291292 2023-07-01 2024-06-30 07291292 frs-core:CurrentFinancialInstruments 2024-06-30 07291292 frs-core:Non-currentFinancialInstruments 2024-06-30 07291292 frs-core:ComputerEquipment 2024-06-30 07291292 frs-core:ComputerEquipment 2023-07-01 2024-06-30 07291292 frs-core:ComputerEquipment 2023-06-30 07291292 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-07-01 2024-06-30 07291292 frs-core:FurnitureFittings 2024-06-30 07291292 frs-core:FurnitureFittings 2023-07-01 2024-06-30 07291292 frs-core:FurnitureFittings 2023-06-30 07291292 frs-core:NetGoodwill 2024-06-30 07291292 frs-core:NetGoodwill 2023-07-01 2024-06-30 07291292 frs-core:NetGoodwill 2023-06-30 07291292 frs-core:PlantMachinery 2024-06-30 07291292 frs-core:PlantMachinery 2023-07-01 2024-06-30 07291292 frs-core:PlantMachinery 2023-06-30 07291292 frs-core:ShareCapital 2024-06-30 07291292 frs-core:RetainedEarningsAccumulatedLosses 2024-06-30 07291292 frs-bus:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 07291292 frs-bus:FilletedAccounts 2023-07-01 2024-06-30 07291292 frs-bus:SmallEntities 2023-07-01 2024-06-30 07291292 frs-bus:AuditExempt-NoAccountantsReport 2023-07-01 2024-06-30 07291292 frs-bus:SmallCompaniesRegimeForAccounts 2023-07-01 2024-06-30 07291292 frs-core:CostValuation 2023-06-30 07291292 frs-core:CostValuation 2024-06-30 07291292 frs-core:ProvisionsForImpairmentInvestments 2023-06-30 07291292 frs-core:ProvisionsForImpairmentInvestments 2024-06-30 07291292 frs-bus:Director1 2023-07-01 2024-06-30 07291292 frs-bus:Director2 2023-07-01 2024-06-30 07291292 frs-bus:CompanySecretary1 2023-07-01 2024-06-30 07291292 frs-countries:EnglandWales 2023-07-01 2024-06-30 07291292 2022-06-30 07291292 2023-06-30 07291292 2022-07-01 2023-06-30 07291292 frs-core:CurrentFinancialInstruments 2023-06-30 07291292 frs-core:Non-currentFinancialInstruments 2023-06-30 07291292 frs-core:ShareCapital 2023-06-30 07291292 frs-core:RetainedEarningsAccumulatedLosses 2023-06-30
Registered number: 07291292
Eyedentical Limited
Unaudited Financial Statements
For The Year Ended 30 June 2024
Nijjer Accountants Ltd
Chartered Accountants
5-7 Station Road
Longfield
Kent
DA3 7QD
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 07291292
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 115,117 139,157
Tangible Assets 5 33,303 37,500
Investments 6 449,121 449,121
597,541 625,778
CURRENT ASSETS
Stocks 25,000 25,000
Debtors 7 574,386 536,415
Cash at bank and in hand 34,081 15,636
633,467 577,051
Creditors: Amounts Falling Due Within One Year 8 (214,938 ) (168,911 )
NET CURRENT ASSETS (LIABILITIES) 418,529 408,140
TOTAL ASSETS LESS CURRENT LIABILITIES 1,016,070 1,033,918
Creditors: Amounts Falling Due After More Than One Year 9 (9,167 ) (40,671 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (8,326 ) (7,125 )
NET ASSETS 998,577 986,122
CAPITAL AND RESERVES
Called up share capital 10 100 100
Profit and Loss Account 998,477 986,022
SHAREHOLDERS' FUNDS 998,577 986,122
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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
Vishal Thanki
Director
18 March 2025
The notes on pages 3 to 6 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Eyedentical Limited is a private company, limited by shares, incorporated in England & Wales, registered number 07291292 . The registered office is 5-7 Station Road, Longfield, DA3 7QD.
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. Intangible Fixed Assets and Amortisation - Other Intangible
Other intangible assets  is amortised to profit and loss account over its estimated economic life of 15 years.
2.4. 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 15% RBM
Fixtures & Fittings 15% RBM
Computer Equipment 15% RBM
2.5. Investment Properties
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value
are included in the profit and loss account.
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.
2.7. Foreign Currencies
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
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2.8. Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property wher the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2.9. Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
2.10. Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
2.11. Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 6 (2023: 5)
6 5
4. Intangible Assets
Goodwill
£
Cost
As at 1 July 2023 360,602
As at 30 June 2024 360,602
Amortisation
As at 1 July 2023 221,445
Provided during the period 24,040
As at 30 June 2024 245,485
Net Book Value
As at 30 June 2024 115,117
As at 1 July 2023 139,157
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5. Tangible Assets
Plant & Machinery Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 July 2023 14,844 62,147 2,297 79,288
Additions - - 1,450 1,450
As at 30 June 2024 14,844 62,147 3,747 80,738
Depreciation
As at 1 July 2023 9,618 31,533 637 41,788
Provided during the period 784 4,592 271 5,647
As at 30 June 2024 10,402 36,125 908 47,435
Net Book Value
As at 30 June 2024 4,442 26,022 2,839 33,303
As at 1 July 2023 5,226 30,614 1,660 37,500
6. Investments
Subsidiaries
£
Cost
As at 1 July 2023 449,121
As at 30 June 2024 449,121
Provision
As at 1 July 2023 -
As at 30 June 2024 -
Net Book Value
As at 30 June 2024 449,121
As at 1 July 2023 449,121
7. Debtors
2024 2023
£ £
Due within one year
Trade debtors 31,159 16,999
Prepayments and accrued income 6,000 6,000
Other debtors 139,180 131,796
VAT 65 9,496
Directors' loan accounts 397,982 372,124
574,386 536,415
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8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 19,151 14,788
Bank loans and overdrafts 32,877 37,505
Corporation tax 51,768 76,170
Other taxes and social security 22,708 5,785
Net wages - 5,263
Other creditors 4,007 4,973
Amounts owed to group undertakings 84,427 24,427
214,938 168,911
9. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 9,167 40,671
10. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
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