Acorah Software Products - Accounts Production 16.2.850 false true 31 July 2023 1 August 2022 false 1 August 2023 31 July 2024 31 July 2024 09683291 Mr Johnny Larsen iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 09683291 2023-07-31 09683291 2024-07-31 09683291 2023-08-01 2024-07-31 09683291 frs-core:CurrentFinancialInstruments 2024-07-31 09683291 frs-core:Non-currentFinancialInstruments 2024-07-31 09683291 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-07-31 09683291 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-08-01 2024-07-31 09683291 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-07-31 09683291 frs-core:PlantMachinery 2024-07-31 09683291 frs-core:PlantMachinery 2023-08-01 2024-07-31 09683291 frs-core:PlantMachinery 2023-07-31 09683291 frs-core:ShareCapital 2024-07-31 09683291 frs-core:RetainedEarningsAccumulatedLosses 2024-07-31 09683291 frs-bus:PrivateLimitedCompanyLtd 2023-08-01 2024-07-31 09683291 frs-bus:FilletedAccounts 2023-08-01 2024-07-31 09683291 frs-bus:SmallEntities 2023-08-01 2024-07-31 09683291 frs-bus:AuditExempt-NoAccountantsReport 2023-08-01 2024-07-31 09683291 frs-bus:SmallCompaniesRegimeForAccounts 2023-08-01 2024-07-31 09683291 frs-bus:Director1 2023-08-01 2024-07-31 09683291 frs-countries:EnglandWales 2023-08-01 2024-07-31 09683291 2022-07-31 09683291 2023-07-31 09683291 2022-08-01 2023-07-31 09683291 frs-core:CurrentFinancialInstruments 2023-07-31 09683291 frs-core:Non-currentFinancialInstruments 2023-07-31 09683291 frs-core:ShareCapital 2023-07-31 09683291 frs-core:RetainedEarningsAccumulatedLosses 2023-07-31 09683291 frs-core:CurrentFinancialInstruments 1 2023-07-31
Registered number: 09683291
Tikant Ltd
Unaudited Financial Statements
For The Year Ended 31 July 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 09683291
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 2,631 3,684
2,631 3,684
CURRENT ASSETS
Debtors 5 25,189 55,547
Cash at bank and in hand 18,533 12,579
43,722 68,126
Creditors: Amounts Falling Due Within One Year 6 (13,776 ) (17,771 )
NET CURRENT ASSETS (LIABILITIES) 29,946 50,355
TOTAL ASSETS LESS CURRENT LIABILITIES 32,577 54,039
Creditors: Amounts Falling Due After More Than One Year (31,730 ) (34,486 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (399 ) (498 )
NET ASSETS 448 19,055
CAPITAL AND RESERVES
Called up share capital 7 1 1
Profit and Loss Account 447 19,054
SHAREHOLDERS' FUNDS 448 19,055
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For the year ending 31 July 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 Johnny Larsen
Director
21/04/2025
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Tikant Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 09683291 . The registered office is Britannic House, 11-13 Cowgate, Peterborough, PE1 1LZ.
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:
Leasehold 9 years straight line
Plant & Machinery 20% reducing balance
2.4. 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.
2.5. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
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3. Average Number of Employees
Average number of employees, including directors, during the year was:
2024 2023
Sales, marketing and distribution 2 3
2 3
4. Tangible Assets
Land & Property
Leasehold Plant & Machinery Total
£ £ £
Cost
As at 1 August 2023 4,765 9,586 14,351
As at 31 July 2024 4,765 9,586 14,351
Depreciation
As at 1 August 2023 3,706 6,961 10,667
Provided during the period 529 524 1,053
As at 31 July 2024 4,235 7,485 11,720
Net Book Value
As at 31 July 2024 530 2,101 2,631
As at 1 August 2023 1,059 2,625 3,684
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 15,516 44,415
Other debtors 9,673 10,527
Other taxes - 605
25,189 55,547
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 290 482
Bank loans and overdrafts 10,000 10,000
Other taxes and social security 3,366 7,169
Other creditors 120 120
13,776 17,771
7. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1 1
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8. Pension Commitments
The company operates a defined contribution pension scheme for the employees. The assets of the scheme are held separately from those of the company in an independently administered fund. At the balance sheet date overpaid contributions of £79 (2023:£79 overpaid contribution) were due to be refunded. 
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