Acorah Software Products - Accounts Production 16.3.350 false true 31 July 2023 1 August 2022 false 1 August 2023 31 July 2024 31 July 2024 07692848 Mr Prashant Kumar Ms Ekta Srivastava iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 07692848 2023-07-31 07692848 2024-07-31 07692848 2023-08-01 2024-07-31 07692848 frs-core:CurrentFinancialInstruments 2024-07-31 07692848 frs-core:Non-currentFinancialInstruments 2024-07-31 07692848 frs-core:ComputerEquipment 2024-07-31 07692848 frs-core:ComputerEquipment 2023-08-01 2024-07-31 07692848 frs-core:ComputerEquipment 2023-07-31 07692848 frs-core:NetGoodwill 2024-07-31 07692848 frs-core:NetGoodwill 2023-08-01 2024-07-31 07692848 frs-core:NetGoodwill 2023-07-31 07692848 frs-core:ShareCapital 2024-07-31 07692848 frs-core:RetainedEarningsAccumulatedLosses 2024-07-31 07692848 frs-bus:PrivateLimitedCompanyLtd 2023-08-01 2024-07-31 07692848 frs-bus:FilletedAccounts 2023-08-01 2024-07-31 07692848 frs-bus:SmallEntities 2023-08-01 2024-07-31 07692848 frs-bus:AuditExempt-NoAccountantsReport 2023-08-01 2024-07-31 07692848 frs-bus:SmallCompaniesRegimeForAccounts 2023-08-01 2024-07-31 07692848 frs-bus:Director1 2023-08-01 2024-07-31 07692848 frs-bus:Director2 2023-08-01 2024-07-31 07692848 frs-countries:EnglandWales 2023-08-01 2024-07-31 07692848 2022-07-31 07692848 2023-07-31 07692848 2022-08-01 2023-07-31 07692848 frs-core:CurrentFinancialInstruments 2023-07-31 07692848 frs-core:Non-currentFinancialInstruments 2023-07-31 07692848 frs-core:ShareCapital 2023-07-31 07692848 frs-core:RetainedEarningsAccumulatedLosses 2023-07-31
Registered number: 07692848
Sai Creations Limited
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: 07692848
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 48,620 -
Tangible Assets 5 2,198 1,672
50,818 1,672
CURRENT ASSETS
Debtors 6 54,100 62,188
Cash at bank and in hand 10,437 4,016
64,537 66,204
Creditors: Amounts Falling Due Within One Year 7 (77,626 ) (27,965 )
NET CURRENT ASSETS (LIABILITIES) (13,089 ) 38,239
TOTAL ASSETS LESS CURRENT LIABILITIES 37,729 39,911
Creditors: Amounts Falling Due After More Than One Year 8 - (9,442 )
NET ASSETS 37,729 30,469
CAPITAL AND RESERVES
Called up share capital 9 10 10
Profit and Loss Account 37,719 30,459
SHAREHOLDERS' FUNDS 37,729 30,469
Page 1
Page 2
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 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 Prashant Kumar
Director
23/01/2025
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
Sai Creations Limited is a private company, limited by shares, incorporated in England & Wales, registered number 07692848 . The registered office is 93 Banstead Road South, Sutton, SM2 5LH.
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. Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at cost less depreciation. 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 25%
2.5. Investment Properties
All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 1)
2 1
4. Intangible Assets
Goodwill
£
Cost
As at 1 August 2023 -
Additions 52,000
As at 31 July 2024 52,000
Amortisation
As at 1 August 2023 -
Provided during the period 3,380
As at 31 July 2024 3,380
...CONTINUED
Page 3
Page 4
Net Book Value
As at 31 July 2024 48,620
As at 1 August 2023 -
5. Tangible Assets
Computer Equipment
£
Cost
As at 1 August 2023 5,977
Additions 1,259
As at 31 July 2024 7,236
Depreciation
As at 1 August 2023 4,305
Provided during the period 733
As at 31 July 2024 5,038
Net Book Value
As at 31 July 2024 2,198
As at 1 August 2023 1,672
6. Debtors
2024 2023
£ £
Due within one year
Other debtors 54,100 62,100
VAT - 88
54,100 62,188
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Bank loans and overdrafts 13,567 23,900
Net wages 5,059 1,065
Directors' loan accounts 59,000 3,000
77,626 27,965
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans - 9,442
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 10 10
Page 4
Page 5
10. Dividends
Page 5