Acorah Software Products - Accounts Production 16.3.350 false true true 31 July 2023 21 July 2022 false 1 August 2023 31 July 2024 31 July 2024 14249351 Mr Romeo Young Mr Wayne Carolissen Mr Abduraghmaan Charles iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 14249351 2023-07-31 14249351 2024-07-31 14249351 2023-08-01 2024-07-31 14249351 frs-core:CurrentFinancialInstruments 2024-07-31 14249351 frs-core:Non-currentFinancialInstruments 2024-07-31 14249351 frs-core:ShareCapital 2024-07-31 14249351 frs-bus:PrivateLimitedCompanyLtd 2023-08-01 2024-07-31 14249351 frs-bus:FilletedAccounts 2023-08-01 2024-07-31 14249351 frs-bus:SmallEntities 2023-08-01 2024-07-31 14249351 frs-bus:AuditExempt-NoAccountantsReport 2023-08-01 2024-07-31 14249351 frs-bus:SmallCompaniesRegimeForAccounts 2023-08-01 2024-07-31 14249351 frs-bus:Director1 2023-08-01 2024-07-31 14249351 frs-bus:Director2 2023-08-01 2024-07-31 14249351 frs-bus:Director3 2023-08-01 2024-07-31 14249351 frs-core:CurrentFinancialInstruments 1 2024-07-31 14249351 frs-core:CurrentFinancialInstruments 2 2024-07-31 14249351 frs-countries:EnglandWales 2023-08-01 2024-07-31 14249351 2022-07-20 14249351 2023-07-31 14249351 2022-07-21 2023-07-31 14249351 frs-core:CurrentFinancialInstruments 2023-07-31 14249351 frs-core:Non-currentFinancialInstruments 2023-07-31 14249351 frs-core:ShareCapital 2023-07-31 14249351 frs-core:CurrentFinancialInstruments 1 2023-07-31 14249351 frs-core:CurrentFinancialInstruments 2 2023-07-31
Registered number: 14249351
C Y C Practice Ltd
Unaudited Financial Statements
For The Year Ended 31 July 2024
Wilkinson Accounting Solutions Limited
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—3
Page 1
Balance Sheet
Registered number: 14249351
31 July 2024 31 July 2023
Notes £ £ £ £
CURRENT ASSETS
Debtors 4 171,504 -
Cash at bank and in hand - 3
171,504 3
Creditors: Amounts Falling Due Within One Year 5 (63,501 ) -
NET CURRENT ASSETS (LIABILITIES) 108,003 3
TOTAL ASSETS LESS CURRENT LIABILITIES 108,003 3
Creditors: Amounts Falling Due After More Than One Year 6 (108,000 ) -
NET ASSETS 3 3
CAPITAL AND RESERVES
Called up share capital 7 3 3
SHAREHOLDERS' FUNDS 3 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 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 Abduraghmaan Charles
Director
29/04/2025
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
C Y C Practice Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 14249351 . The registered office is Stuart House-East Wing, St. Johns Street, , Peterborough,, PE1 5DD.
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.
2.3.
Trade Creditors
Trade Creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts Payable are classified as current liabilities if the company does not have an unconditional right at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade Debtors
Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.
Cash and cash equivalents
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.
3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2023: NIL)
- -
4. Debtors
31 July 2024 31 July 2023
£ £
Due within one year
Amounts owed by group undertakings (Debtors < 1 year)-CYC Ventures LTD 171,504 -
5. Creditors: Amounts Falling Due Within One Year
31 July 2024 31 July 2023
£ £
Bank loans and overdrafts 18,501 -
Directors loan account (Current liabilities - creditors < 1 year)- CAROLISSEN, Wayne Mark 20,000 -
Directors loan account (Current liabilities - creditors < 1 year)- CHARLES, Abduraghmaan 25,000 -
63,501 -
Page 2
Page 3
6. Creditors: Amounts Falling Due After More Than One Year
31 July 2024 31 July 2023
£ £
Amounts owed to associates (Long term liabilities - creditors > 1 year)-WMCD Ltd 3,000 -
Amounts owed to associates (Long term liabilities - creditors > 1 year)-Jemtec Ltd 65,000 -
Amounts owed to associates (Long term liabilities - creditors > 1 year)-Thameen Ltd 40,000 -
108,000 -
7. Share Capital
31 July 2024 31 July 2023
£ £
Allotted, Called up and fully paid 3 3
8. Related Party Transactions
Included in creditor is an amount of £3,000 owed to WMCD Ltd, £65,000 owed to Jemtec Ltd and £40,000 owed to Thameen Ltd with same director.
Included in debtor is an amount of £171,504 owed by CYC Ventures LTD with same director.
Page 3