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 06408886 Mr Manishkumar Vibhakar Mrs Jignasha Vibhakar iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 06408886 2023-06-30 06408886 2024-06-30 06408886 2023-07-01 2024-06-30 06408886 frs-core:CurrentFinancialInstruments 2024-06-30 06408886 frs-core:ComputerEquipment 2024-06-30 06408886 frs-core:ComputerEquipment 2023-07-01 2024-06-30 06408886 frs-core:ComputerEquipment 2023-06-30 06408886 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-07-01 2024-06-30 06408886 frs-core:FurnitureFittings 2024-06-30 06408886 frs-core:FurnitureFittings 2023-07-01 2024-06-30 06408886 frs-core:FurnitureFittings 2023-06-30 06408886 frs-core:NetGoodwill 2024-06-30 06408886 frs-core:NetGoodwill 2023-07-01 2024-06-30 06408886 frs-core:NetGoodwill 2023-06-30 06408886 frs-core:OtherResidualIntangibleAssets 2024-06-30 06408886 frs-core:OtherResidualIntangibleAssets 2023-07-01 2024-06-30 06408886 frs-core:OtherResidualIntangibleAssets 2023-06-30 06408886 frs-core:ShareCapital 2024-06-30 06408886 frs-core:RetainedEarningsAccumulatedLosses 2024-06-30 06408886 frs-bus:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 06408886 frs-bus:FilletedAccounts 2023-07-01 2024-06-30 06408886 frs-bus:SmallEntities 2023-07-01 2024-06-30 06408886 frs-bus:AuditExempt-NoAccountantsReport 2023-07-01 2024-06-30 06408886 frs-bus:SmallCompaniesRegimeForAccounts 2023-07-01 2024-06-30 06408886 frs-bus:Director1 2023-07-01 2024-06-30 06408886 frs-bus:Director2 2023-07-01 2024-06-30 06408886 frs-countries:EnglandWales 2023-07-01 2024-06-30 06408886 2022-06-30 06408886 2023-06-30 06408886 2022-07-01 2023-06-30 06408886 frs-core:CurrentFinancialInstruments 2023-06-30 06408886 frs-core:ShareCapital 2023-06-30 06408886 frs-core:RetainedEarningsAccumulatedLosses 2023-06-30
Registered number: 06408886
Daaks (UK) Limited
Unaudited Financial Statements
For The Year Ended 30 June 2024
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 06408886
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 203,569 234,583
Tangible Assets 5 5,035 4,841
208,604 239,424
CURRENT ASSETS
Stocks 6 34,502 43,602
Debtors 7 57,680 67,946
Cash at bank and in hand 40,812 73,799
132,994 185,347
Creditors: Amounts Falling Due Within One Year 8 (115,226 ) (131,255 )
NET CURRENT ASSETS (LIABILITIES) 17,768 54,092
TOTAL ASSETS LESS CURRENT LIABILITIES 226,372 293,516
PROVISIONS FOR LIABILITIES
Deferred Taxation (957 ) (920 )
NET ASSETS 225,415 292,596
CAPITAL AND RESERVES
Called up share capital 9 100 100
Profit and Loss Account 225,315 292,496
SHAREHOLDERS' FUNDS 225,415 292,596
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 Manishkumar Vibhakar
Director
26/03/2025
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
Daaks (UK) Limited is a private company, limited by shares, incorporated in England & Wales, registered number 06408886 . The registered office is 73 Grove Road, Walthamstow, E17 9BU.
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 - 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 .... years.
2.4. Intangible Fixed Assets and Amortisation - Other Intangible
Other intangible assets are .... It is amortised to profit and loss account over its estimated economic life of .... 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:
Fixtures & Fittings 25%
Computer Equipment 25%
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. 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.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
...CONTINUED
Page 3
Page 4
2.7. Taxation - continued
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred 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: 6 (2023: 6)
6 6
4. Intangible Assets
Goodwill Other Total
£ £ £
Cost
As at 1 July 2023 450,000 170,277 620,277
As at 30 June 2024 450,000 170,277 620,277
Amortisation
As at 1 July 2023 343,125 42,569 385,694
Provided during the period 22,500 8,514 31,014
As at 30 June 2024 365,625 51,083 416,708
Net Book Value
As at 30 June 2024 84,375 119,194 203,569
As at 1 July 2023 106,875 127,708 234,583
5. Tangible Assets
Fixtures & Fittings Computer Equipment Total
£ £ £
Cost
As at 1 July 2023 22,853 1,841 24,694
Additions 1,532 - 1,532
As at 30 June 2024 24,385 1,841 26,226
Depreciation
As at 1 July 2023 18,520 1,333 19,853
Provided during the period 1,211 127 1,338
As at 30 June 2024 19,731 1,460 21,191
Net Book Value
As at 30 June 2024 4,654 381 5,035
As at 1 July 2023 4,333 508 4,841
6. Stocks
2024 2023
£ £
Finished goods 34,502 43,602
Page 4
Page 5
7. Debtors
2024 2023
£ £
Due within one year
Trade debtors 42,048 54,660
Prepayments and accrued income 3,973 4,582
VAT 11,659 8,700
Other taxes and social security - 4
57,680 67,946
8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 59,805 81,987
Corporation tax 22,577 25,291
Other taxes and social security 249 -
Net wages 3,697 1,000
Directors' loan accounts 28,898 22,977
115,226 131,255
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
Page 5