Acorah Software Products - Accounts Production 16.0.110 false true 30 June 2023 1 July 2022 false 1 July 2023 30 June 2024 30 June 2024 12032972 Mr Jawad Essadki iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 12032972 2023-06-30 12032972 2024-06-30 12032972 2023-07-01 2024-06-30 12032972 frs-core:CurrentFinancialInstruments 2024-06-30 12032972 frs-core:ComputerEquipment 2024-06-30 12032972 frs-core:ComputerEquipment 2023-07-01 2024-06-30 12032972 frs-core:ComputerEquipment 2023-06-30 12032972 frs-core:SharePremium 2024-06-30 12032972 frs-core:ShareCapital 2024-06-30 12032972 frs-core:RetainedEarningsAccumulatedLosses 2024-06-30 12032972 frs-bus:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 12032972 frs-bus:FilletedAccounts 2023-07-01 2024-06-30 12032972 frs-bus:SmallEntities 2023-07-01 2024-06-30 12032972 frs-bus:AuditExempt-NoAccountantsReport 2023-07-01 2024-06-30 12032972 frs-bus:SmallCompaniesRegimeForAccounts 2023-07-01 2024-06-30 12032972 frs-bus:Director1 2023-07-01 2024-06-30 12032972 frs-countries:EnglandWales 2023-07-01 2024-06-30 12032972 2022-06-30 12032972 2023-06-30 12032972 2022-07-01 2023-06-30 12032972 frs-core:CurrentFinancialInstruments 2023-06-30 12032972 frs-core:SharePremium 2023-06-30 12032972 frs-core:ShareCapital 2023-06-30 12032972 frs-core:RetainedEarningsAccumulatedLosses 2023-06-30
Registered number: 12032972
O-ZONE TECHNOLOGIES LIMITED
Unaudited Financial Statements
For The Year Ended 30 June 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 12032972
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 613 1,054
613 1,054
CURRENT ASSETS
Debtors 5 146,879 12,438
Cash at bank and in hand 23,947 153
170,826 12,591
Creditors: Amounts Falling Due Within One Year 6 (124,150 ) (115,028 )
NET CURRENT ASSETS (LIABILITIES) 46,676 (102,437 )
TOTAL ASSETS LESS CURRENT LIABILITIES 47,289 (101,383 )
NET ASSETS/(LIABILITIES) 47,289 (101,383 )
CAPITAL AND RESERVES
Called up share capital 7 165,763 7,450
Share premium account 88,200 87,900
Profit and Loss Account (206,674 ) (196,733 )
SHAREHOLDERS' FUNDS 47,289 (101,383)
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 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 Jawad Essadki
Director
13th February 2025
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
O-ZONE TECHNOLOGIES LIMITED is a private company, limited by shares, incorporated in England & Wales, registered number 12032972 . The registered office is 71-75 Shelton Street, Covent Garden, London, WC2H 9JQ.
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. 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:
Computer Equipment 33% Straight Line
2.4. 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.
2.5. Cryptocurrencies
Within other assets, assets have been valued at the lower of cost and estimated selling costs to sell. Other assets include assets that are:
  • held for sale in the ordinary course of business;
  • in the process of production for such sale; or
  • in the form of materials or supplies to be consumed in the production process or in the rendering of services.
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3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2023: 1)
1 1
4. Tangible Assets
Computer Equipment
£
Cost
As at 1 July 2023 2,043
As at 30 June 2024 2,043
Depreciation
As at 1 July 2023 989
Provided during the period 441
As at 30 June 2024 1,430
Net Book Value
As at 30 June 2024 613
As at 1 July 2023 1,054
5. Debtors
2024 2023
£ £
Due within one year
Other debtors 146,879 12,438
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Other loans 38,666 31,841
Other creditors 4,241 1,944
Director's loan account 81,243 81,243
124,150 115,028
7. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 165,763 7,450
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