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Registered number: 4726721
Tigga Smile Limited
Unaudited Financial Statements
For the Period 1 May 2023 to 31 March 2024
Lake & Co
Chartered Accountants
25a Kenton Park Parade
Kenton
Harrow
HA3 8DN
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 4726721
31 March 2024 30 April 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 5 51,578 63,482
51,578 63,482
CURRENT ASSETS
Stocks 6 421,650 396,650
Debtors 7 564,672 311,370
Cash at bank and in hand 568 77,151
986,890 785,171
Creditors: Amounts Falling Due Within One Year 8 (643,707 ) (551,730 )
NET CURRENT ASSETS (LIABILITIES) 343,183 233,441
TOTAL ASSETS LESS CURRENT LIABILITIES 394,761 296,923
Creditors: Amounts Falling Due After More Than One Year 9 (376,507 ) (273,839 )
PROVISIONS FOR LIABILITIES
Provisions For Charges (12,894 ) (12,061 )
NET ASSETS 5,360 11,023
CAPITAL AND RESERVES
Called up share capital 11 100 100
Profit and Loss Account 5,260 10,923
SHAREHOLDERS' FUNDS 5,360 11,023
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For the period ending 31 March 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 Samir Jagsi
Director
04/04/2025
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
Tigga Smile Limited is a private company, limited by shares, incorporated in England & Wales, registered number 4726721 . The registered office is 25A Kenton Park Parade, Kenton Road, Kenton, Harrow, HA3 8DN.
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. Intangible Fixed Assets and Amortisation - Other Intangible
Other intangible assets are Goodwill. It is amortised to profit and loss account over its estimated economic life of 5 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:
Motor Vehicles 20% Straight Line
Fixtures & Fittings 20% Straight Line
2.5. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
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.
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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 year 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.
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 asset reflects 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 period was:
31 March 2024 30 April 2023
Office and administration 3 3
3 3
4. Intangible Assets
Other
£
Cost
As at 1 May 2023 300,000
As at 31 March 2024 300,000
Amortisation
As at 1 May 2023 300,000
As at 31 March 2024 300,000
Net Book Value
As at 31 March 2024 -
As at 1 May 2023 -
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5. Tangible Assets
Motor Vehicles Fixtures & Fittings Total
£ £ £
Cost
As at 1 May 2023 69,418 314,109 383,527
As at 31 March 2024 69,418 314,109 383,527
Depreciation
As at 1 May 2023 10,413 309,632 320,045
Provided during the period 10,412 1,492 11,904
As at 31 March 2024 20,825 311,124 331,949
Net Book Value
As at 31 March 2024 48,593 2,985 51,578
As at 1 May 2023 59,005 4,477 63,482
6. Stocks
31 March 2024 30 April 2023
£ £
Materials 246,650 246,650
Work in progress 175,000 150,000
421,650 396,650
7. Debtors
31 March 2024 30 April 2023
£ £
Due within one year
Other debtors 270,785 220,681
Loan Interest 116,642 54,007
Directors' loan accounts 177,245 36,682
564,672 311,370
8. Creditors: Amounts Falling Due Within One Year
31 March 2024 30 April 2023
£ £
Net obligations under finance lease and hire purchase contracts 31,946 57,366
Bank loans and overdrafts 26,967 96,062
Other loans 505,557 321,045
Corporation tax 52,719 50,972
Other taxes and social security 7,684 2,541
Net wages 3,621 3,248
Other creditors 183 96
Accruals and deferred income 15,030 20,400
643,707 551,730
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9. Creditors: Amounts Falling Due After More Than One Year
31 March 2024 30 April 2023
£ £
Net obligations under finance lease and hire purchase contracts 35,750 65,488
Bank loans 165,944 208,351
Other loans 174,813 -
376,507 273,839
10. Obligations Under Finance Leases and Hire Purchase
31 March 2024 30 April 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year 31,946 57,366
Later than one year and not later than five years 35,750 65,488
67,696 122,854
67,696 122,854
11. Share Capital
31 March 2024 30 April 2023
£ £
Allotted, Called up and fully paid 100 100
12. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
At the balance sheet date, the director owed the company a sum of £177,245 (2023:£36,682). Interest is charged on this balance at 2.25% p.a. The balance has been repaid within nine months after the year end.
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