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 07719626 Mrs Srividya Gopalan Mr Shivkumar Gopalan iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 07719626 2023-07-31 07719626 2024-07-31 07719626 2023-08-01 2024-07-31 07719626 frs-core:CurrentFinancialInstruments 2024-07-31 07719626 frs-core:Non-currentFinancialInstruments 2024-07-31 07719626 frs-core:ComputerEquipment 2024-07-31 07719626 frs-core:ComputerEquipment 2023-08-01 2024-07-31 07719626 frs-core:ComputerEquipment 2023-07-31 07719626 frs-core:ShareCapital 2024-07-31 07719626 frs-core:RetainedEarningsAccumulatedLosses 2024-07-31 07719626 frs-bus:PrivateLimitedCompanyLtd 2023-08-01 2024-07-31 07719626 frs-bus:FilletedAccounts 2023-08-01 2024-07-31 07719626 frs-bus:SmallEntities 2023-08-01 2024-07-31 07719626 frs-bus:AuditExempt-NoAccountantsReport 2023-08-01 2024-07-31 07719626 frs-bus:SmallCompaniesRegimeForAccounts 2023-08-01 2024-07-31 07719626 frs-bus:Director1 2023-08-01 2024-07-31 07719626 frs-bus:Director2 2023-08-01 2024-07-31 07719626 frs-countries:EnglandWales 2023-08-01 2024-07-31 07719626 2022-07-31 07719626 2023-07-31 07719626 2022-08-01 2023-07-31 07719626 frs-core:CurrentFinancialInstruments 2023-07-31 07719626 frs-core:Non-currentFinancialInstruments 2023-07-31 07719626 frs-core:ShareCapital 2023-07-31 07719626 frs-core:RetainedEarningsAccumulatedLosses 2023-07-31
Registered number: 07719626
SHIKER CONSULTING LTD.
Unaudited Financial Statements
For The Year Ended 31 July 2024
My Prestige Accountant Ltd
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 07719626
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 706 611
706 611
CURRENT ASSETS
Debtors 5 81,184 105,233
Cash at bank and in hand 235,698 62,850
316,882 168,083
Creditors: Amounts Falling Due Within One Year 6 (147,964 ) (105,776 )
NET CURRENT ASSETS (LIABILITIES) 168,918 62,307
TOTAL ASSETS LESS CURRENT LIABILITIES 169,624 62,918
Creditors: Amounts Falling Due After More Than One Year 7 (50,000 ) (50,000 )
NET ASSETS 119,624 12,918
CAPITAL AND RESERVES
Called up share capital 8 1,020 1,000
Profit and Loss Account 118,604 11,918
SHAREHOLDERS' FUNDS 119,624 12,918
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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 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
Mrs Srividya Gopalan
Director
Mr Shivkumar Gopalan
Director
27/08/2024
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
SHIKER CONSULTING LTD. is a private company, limited by shares, incorporated in England & Wales, registered number 07719626 . The registered office is Gallowbrook House Paxton Hill, Great Paxton, St. Neots, PE19 6RA.
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:
Computer Equipment Straight line 3 years
2.4. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
2.5. 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.
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3. Average Number of Employees
Average number of employees, including directors, during the year was: 5 (2023: 2)
5 2
4. Tangible Assets
Computer Equipment
£
Cost
As at 1 August 2023 916
Additions 599
As at 31 July 2024 1,515
Depreciation
As at 1 August 2023 305
Provided during the period 504
As at 31 July 2024 809
Net Book Value
As at 31 July 2024 706
As at 1 August 2023 611
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 20,304 44,353
Other debtors 9,782 9,782
30,086 54,135
Due after more than one year
Other debtors 51,098 51,098
81,184 105,233
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors - 3
Corporation tax 58,567 14,459
VAT 16,717 10,213
Accruals and deferred income - 900
Directors' loan accounts 72,680 80,201
147,964 105,776
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Directors loan account 50,000 50,000
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8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1,020 1,000
9. Dividends
2024 2023
£ £
On equity shares:
Interim dividend paid 49,823 31,015
Final dividend paid 20,177 31,985
70,000 63,000
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