Acorah Software Products - Accounts Production 16.1.300 false true true 30 June 2023 1 July 2022 false 1 July 2023 30 June 2024 30 June 2024 05159705 Ms Naira Davtyan Coddan Secretary Service Limited iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 05159705 2023-06-30 05159705 2024-06-30 05159705 2023-07-01 2024-06-30 05159705 frs-core:CurrentFinancialInstruments 2024-06-30 05159705 frs-core:Non-currentFinancialInstruments 2024-06-30 05159705 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-06-30 05159705 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-07-01 2024-06-30 05159705 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-06-30 05159705 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-06-30 05159705 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 05159705 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-06-30 05159705 frs-core:OtherReservesSubtotal 2024-06-30 05159705 frs-core:ShareCapital 2024-06-30 05159705 frs-core:RetainedEarningsAccumulatedLosses 2024-06-30 05159705 frs-bus:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 05159705 frs-bus:FilletedAccounts 2023-07-01 2024-06-30 05159705 frs-bus:SmallEntities 2023-07-01 2024-06-30 05159705 frs-bus:AuditExempt-NoAccountantsReport 2023-07-01 2024-06-30 05159705 frs-bus:SmallCompaniesRegimeForAccounts 2023-07-01 2024-06-30 05159705 frs-core:CostValuation 2023-06-30 05159705 frs-core:RevaluationsIncreaseDecreaseInInvestments 2024-06-30 05159705 frs-core:CostValuation 2024-06-30 05159705 frs-core:ProvisionsForImpairmentInvestments 2023-06-30 05159705 frs-core:ProvisionsForImpairmentInvestments 2024-06-30 05159705 frs-bus:Director1 2023-07-01 2024-06-30 05159705 frs-bus:CompanySecretary1 2023-07-01 2024-06-30 05159705 frs-core:CurrentFinancialInstruments 1 2024-06-30 05159705 frs-core:Non-currentFinancialInstruments 1 2024-06-30 05159705 frs-core:CurrentFinancialInstruments 2 2024-06-30 05159705 frs-core:Non-currentFinancialInstruments 2 2024-06-30 05159705 frs-core:CurrentFinancialInstruments 3 2024-06-30 05159705 frs-core:Non-currentFinancialInstruments 3 2024-06-30 05159705 frs-countries:EnglandWales 2023-07-01 2024-06-30 05159705 2022-06-30 05159705 2023-06-30 05159705 2022-07-01 2023-06-30 05159705 frs-core:CurrentFinancialInstruments 2023-06-30 05159705 frs-core:Non-currentFinancialInstruments 2023-06-30 05159705 frs-core:OtherReservesSubtotal 2023-06-30 05159705 frs-core:ShareCapital 2023-06-30 05159705 frs-core:RetainedEarningsAccumulatedLosses 2023-06-30 05159705 frs-core:CurrentFinancialInstruments 1 2023-06-30 05159705 frs-core:Non-currentFinancialInstruments 1 2023-06-30 05159705 frs-core:CurrentFinancialInstruments 2 2023-06-30 05159705 frs-core:Non-currentFinancialInstruments 2 2023-06-30 05159705 frs-core:CurrentFinancialInstruments 3 2023-06-30 05159705 frs-core:Non-currentFinancialInstruments 3 2023-06-30 05159705 frs-core:CurrentFinancialInstruments 4 2023-06-30
Registered number: 05159705
AK AND AK BUILDING TECHNOLOGIES LIMITED
Unaudited Financial Statements
For The Year Ended 30 June 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 05159705
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 1,934,812 1,964,158
Investments 5 3,184,429 3,266,805
5,119,241 5,230,963
CURRENT ASSETS
Debtors 6 3,350,741 1,097,529
Cash at bank and in hand 79,896 442,996
3,430,637 1,540,525
Creditors: Amounts Falling Due Within One Year 7 (1,019,703 ) (284,487 )
NET CURRENT ASSETS (LIABILITIES) 2,410,934 1,256,038
TOTAL ASSETS LESS CURRENT LIABILITIES 7,530,175 6,487,001
Creditors: Amounts Falling Due After More Than One Year 8 (8,989,411 ) (8,977,342 )
NET LIABILITIES (1,459,236 ) (2,490,341 )
CAPITAL AND RESERVES
Called up share capital 9 10,000 10,000
Other reserves 362,253 362,253
Profit and Loss Account (1,831,489 ) (2,862,594 )
SHAREHOLDERS' FUNDS (1,459,236) (2,490,341)
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 her 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
Ms Naira Davtyan
Director
14/03/2025
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
AK AND AK BUILDING TECHNOLOGIES LIMITED is a private company, limited by shares, incorporated in England & Wales, registered number 05159705 . The registered office is Unit 3, Office A, 1st Floor, 6-7 St. Mary At Hill, London, EC3R 8EE.
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
Total liabilities exceed current assets at the balance sheet date. The directors consider, however that the company has
sufficient liquid assets, to meet its liabilities as and when they fall due, and that the company has sufficient support
from its creditors. Accordingly the director considers that it is appropriate to prepare the accounts on a going
concern basis.
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. Tangible Fixed Assets and Depreciation
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
2.5. Investment Properties
Investments in subsidiary undertakings are recognised at cost.
2.6. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
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 Leasehold Total
£ £ £
Cost
As at 1 July 2023 2,947,817 - 2,947,817
Additions 529,664 - 529,664
Disposals (271,831 ) - (271,831 )
As at 30 June 2024 3,205,650 - 3,205,650
...CONTINUED
Page 3
Page 4
Depreciation
As at 1 July 2023 773,662 209,997 983,659
Provided during the period 287,179 - 287,179
As at 30 June 2024 1,060,841 209,997 1,270,838
Net Book Value
As at 30 June 2024 2,144,809 (209,997 ) 1,934,812
As at 1 July 2023 2,174,155 (209,997 ) 1,964,158
5. Investments
Other
£
Cost
As at 1 July 2023 3,266,805
Revaluations (82,376 )
As at 30 June 2024 3,184,429
Provision
As at 1 July 2023 -
As at 30 June 2024 -
Net Book Value
As at 30 June 2024 3,184,429
As at 1 July 2023 3,266,805
6. Debtors
2024 2023
£ £
Due within one year
Prepayments and accrued income 46,273 34,899
Other debtors- Aram Kocharyan 2,304,888 -
2,351,161 34,899
Due after more than one year
Trade debtors 999,580 1,062,630
3,350,741 1,097,529
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Bank loans and overdrafts - 5,342
Other creditors 337,332 166,855
Loan Aram Kocharyan - (627,184 )
Accrued expenses 636,418 75,406
Loan Lasker Limited 45,953 46,478
Loan AIG - 617,590
1,019,703 284,487
Page 4
Page 5
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
GBP Loan- Manolium 6,633,591 6,624,684
Other loan - Shareholder 539,034 538,311
Loan - Manolium Trading 1,816,786 1,814,347
8,989,411 8,977,342
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 10,000 10,000
Page 5