Acorah Software Products - Accounts Production 16.3.350 false true true 31 July 2023 1 August 2022 false 1 August 2023 31 July 2024 31 July 2024 SC634982 Mr Arun Gopinath Mr Srinivas Sankaraneni Ms Mridul Wadhwa directors true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure SC634982 2023-07-31 SC634982 2024-07-31 SC634982 2023-08-01 2024-07-31 SC634982 frs-core:CurrentFinancialInstruments 2024-07-31 SC634982 frs-core:ComputerEquipment 2024-07-31 SC634982 frs-core:ComputerEquipment 2023-08-01 2024-07-31 SC634982 frs-core:ComputerEquipment 2023-07-31 SC634982 frs-core:SharePremium 2024-07-31 SC634982 frs-core:ShareCapital 2024-07-31 SC634982 frs-core:RetainedEarningsAccumulatedLosses 2024-07-31 SC634982 frs-bus:PrivateLimitedCompanyLtd 2023-08-01 2024-07-31 SC634982 frs-bus:FilletedAccounts 2023-08-01 2024-07-31 SC634982 frs-bus:SmallEntities 2023-08-01 2024-07-31 SC634982 frs-bus:AuditExempt-NoAccountantsReport 2023-08-01 2024-07-31 SC634982 frs-bus:SmallCompaniesRegimeForAccounts 2023-08-01 2024-07-31 SC634982 1 2023-08-01 2024-07-31 SC634982 frs-bus:Director1 2023-08-01 2024-07-31 SC634982 frs-bus:Director2 2023-08-01 2024-07-31 SC634982 frs-bus:Director3 2023-08-01 2024-07-31 SC634982 frs-countries:Scotland 2023-08-01 2024-07-31 SC634982 2022-07-31 SC634982 2023-07-31 SC634982 2022-08-01 2023-07-31 SC634982 frs-core:CurrentFinancialInstruments 2023-07-31 SC634982 frs-core:SharePremium 2023-07-31 SC634982 frs-core:ShareCapital 2023-07-31 SC634982 frs-core:RetainedEarningsAccumulatedLosses 2023-07-31
Registered number: SC634982
Vahanomy Ltd
Unaudited Financial Statements
For The Year Ended 31 July 2024
Contents
Page
Statement of Financial Position 1
Notes to the Financial Statements 2—3
Page 1
Statement of Financial Position
Registered number: SC634982
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 638 956
638 956
CURRENT ASSETS
Debtors 5 220 3,038
Cash at bank and in hand 6,010 57,983
6,230 61,021
Creditors: Amounts Falling Due Within One Year 6 (64,202 ) (54,954 )
NET CURRENT ASSETS (LIABILITIES) (57,972 ) 6,067
TOTAL ASSETS LESS CURRENT LIABILITIES (57,334 ) 7,023
NET (LIABILITIES)/ASSETS (57,334 ) 7,023
CAPITAL AND RESERVES
Called up share capital 7 3,334 3,334
Share premium account 32,833 32,833
Income Statement (93,501 ) (29,144 )
SHAREHOLDERS' FUNDS (57,334) 7,023
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 Income Statement.
On behalf of the board
Mr Arun Gopinath
Director
25/04/2025
The notes on pages 2 to 3 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
Vahanomy Ltd is a private company, limited by shares, incorporated in Scotland, registered number SC634982 . The registered office is 95 South Bridge Street, Bathgate, West Lothian, EH48 1TJ.
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. Going Concern Disclosure
The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.
The financial statements have been prepared on a going concern basis, despite the fact that liabilities exceed assets. 
The directors have given an undertaking to support the company until it returns to a net assets position.  The directors  therefore consider that it is appropriate to prepare the accounts on the going concern basis.
2.3. 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.
2.4. 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:
Computer Equipment 25% straight line
2.5. Government Grant
Government grants are recognised in the income statement in an appropriate manner that matches them with the expenditure towards which they are intended to contribute.
Grants for immediate financial support or to cover costs already incurred are recognised immediately in the income statement. Grants towards general activities of the entity over a specific period are recognised in the income statement over that period.
Grants towards fixed assets are recognised over the expected useful lives of the related assets and are treated as deferred income and released to the income statement over the useful life of the asset concerned.
All grants in the income statement are recognised when all conditions for receipt have been complied with.
2.6. Registrar Filing Requirements
The company has taken advantage of Companies Act 2006 section 444(1) and opted not to file the income statement, directors report, and notes to the financial statements relating to the income statement.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 5 (2023: 8)
5 8
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Page 3
4. Tangible Assets
Computer Equipment
£
Cost
As at 1 August 2023 1,275
As at 31 July 2024 1,275
Depreciation
As at 1 August 2023 319
Provided during the period 318
As at 31 July 2024 637
Net Book Value
As at 31 July 2024 638
As at 1 August 2023 956
5. Debtors
2024 2023
£ £
Due within one year
VAT 220 3,038
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Other taxes and social security 309 879
Other creditors 109 291
Accruals and deferred income 784 784
Directors' loan accounts 63,000 53,000
64,202 54,954
7. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 3,334 3,334
8. Ultimate Controlling Party
The company's ultimate controlling party is directors by virtue of their ownership of 100% of the issued share capital in the company.
Page 3