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 09147830 Mr Muhammad Farrukh iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 09147830 2023-07-31 09147830 2024-07-31 09147830 2023-08-01 2024-07-31 09147830 frs-core:CurrentFinancialInstruments 2024-07-31 09147830 frs-core:Non-currentFinancialInstruments 2024-07-31 09147830 frs-core:ComputerEquipment 2023-08-01 2024-07-31 09147830 frs-core:FurnitureFittings 2024-07-31 09147830 frs-core:FurnitureFittings 2023-08-01 2024-07-31 09147830 frs-core:FurnitureFittings 2023-07-31 09147830 frs-core:ShareCapital 2024-07-31 09147830 frs-core:RetainedEarningsAccumulatedLosses 2024-07-31 09147830 frs-bus:PrivateLimitedCompanyLtd 2023-08-01 2024-07-31 09147830 frs-bus:FilletedAccounts 2023-08-01 2024-07-31 09147830 frs-bus:SmallEntities 2023-08-01 2024-07-31 09147830 frs-bus:AuditExempt-NoAccountantsReport 2023-08-01 2024-07-31 09147830 frs-bus:SmallCompaniesRegimeForAccounts 2023-08-01 2024-07-31 09147830 frs-bus:Director1 2023-08-01 2024-07-31 09147830 frs-countries:EnglandWales 2023-08-01 2024-07-31 09147830 2022-07-31 09147830 2023-07-31 09147830 2022-08-01 2023-07-31 09147830 frs-core:CurrentFinancialInstruments 2023-07-31 09147830 frs-core:Non-currentFinancialInstruments 2023-07-31 09147830 frs-core:ShareCapital 2023-07-31 09147830 frs-core:RetainedEarningsAccumulatedLosses 2023-07-31
Registered number: 09147830
UK DIRECT 24/7 LTD
Unaudited Financial Statements
For The Year Ended 31 July 2024
Contents
Page
Company Information 1
Balance Sheet 2—3
Notes to the Financial Statements 4—6
Page 1
Company Information
Director Mr Muhammad Farrukh
Company Number 09147830
Registered Office 36 Watling Avenue
Edgware
HA8 0LR
Accountants ISA Consortium Ltd
206 New Road
Croxley Green
WD3 3HH
Page 1
Page 2
Balance Sheet
Registered number: 09147830
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 - 3,240
- 3,240
CURRENT ASSETS
Stocks 5 215,000 225,000
Debtors 6 1,772 4,911
Cash at bank and in hand 4,530 7,364
221,302 237,275
Creditors: Amounts Falling Due Within One Year 7 (144,048 ) (137,452 )
NET CURRENT ASSETS (LIABILITIES) 77,254 99,823
TOTAL ASSETS LESS CURRENT LIABILITIES 77,254 103,063
Creditors: Amounts Falling Due After More Than One Year 8 (29,182 ) (35,648 )
NET ASSETS 48,072 67,415
CAPITAL AND RESERVES
Called up share capital 9 105,000 105,000
Profit and Loss Account (56,928 ) (37,585 )
SHAREHOLDERS' FUNDS 48,072 67,415
Page 2
Page 3
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 Muhammad Farrukh
Director
28/04/2025
The notes on pages 4 to 6 form part of these financial statements.
Page 3
Page 4
Notes to the Financial Statements
1. General Information
UK DIRECT 24/7 LTD is a private company, limited by shares, incorporated in England & Wales, registered number 09147830 . The registered office is 36 Watling Avenue, Edgware, HA8 0LR.
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:
Fixtures & Fittings 20
Computer Equipment 25
2.4. 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 4 (2023: 5)
4 5
Page 4
Page 5
4. Tangible Assets
Fixtures & Fittings
£
Cost
As at 1 August 2023 63,300
As at 31 July 2024 63,300
Depreciation
As at 1 August 2023 60,060
Provided during the period 3,240
As at 31 July 2024 63,300
Net Book Value
As at 31 July 2024 -
As at 1 August 2023 3,240
5. Stocks
2024 2023
£ £
Finished goods 215,000 225,000
6. Debtors
2024 2023
£ £
Due within one year
Other debtors 1,772 4,911
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 78,593 86,049
Other creditors 65,013 51,059
Taxation and social security 442 344
144,048 137,452
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 29,182 35,648
Page 5
Page 6
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 105,000 105,000
Page 6