Acorah Software Products - Accounts Production 16.3.350 false true 30 April 2023 1 May 2022 false 1 May 2023 30 April 2024 30 April 2024 10744995 Mr Permjit Sulh iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 10744995 2023-04-30 10744995 2024-04-30 10744995 2023-05-01 2024-04-30 10744995 frs-core:ShareCapital 2024-04-30 10744995 frs-core:RetainedEarningsAccumulatedLosses 2024-04-30 10744995 frs-bus:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 10744995 frs-bus:AbridgedAccounts 2023-05-01 2024-04-30 10744995 frs-bus:SmallEntities 2023-05-01 2024-04-30 10744995 frs-bus:AuditExemptWithAccountantsReport 2023-05-01 2024-04-30 10744995 frs-bus:SmallCompaniesRegimeForAccounts 2023-05-01 2024-04-30 10744995 frs-core:CostValuation 2023-04-30 10744995 frs-core:CostValuation 2024-04-30 10744995 frs-bus:Director1 2023-05-01 2024-04-30 10744995 frs-countries:EnglandWales 2023-05-01 2024-04-30 10744995 2022-04-30 10744995 2023-04-30 10744995 2022-05-01 2023-04-30 10744995 frs-core:ShareCapital 2023-04-30 10744995 frs-core:RetainedEarningsAccumulatedLosses 2023-04-30
Registered number: 10744995
SULH FINANCE LTD
ABRIDGED Financial Statements
For The Year Ended 30 April 2024
C K R
Chartered Certified Accountants
C K R House
70 East Hill
Dartford
Kent
DA1 1RZ
Financial Statements
Contents
Page
Accountants' Report 1
Abridged Balance Sheet 2—3
Notes to the Abridged Financial Statements 4—5
Page 1
Accountants' Report
Report to the director on the preparation of the unaudited statutory accounts of SULH FINANCE LTD for the year ended 30 April 2024
To assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of SULH FINANCE LTD which comprise the Profit and Loss Account, the Balance Sheet and the related notes, from the company’s accounting records and from information and explanations you have given us.
As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/en/member/professional-standards/rules-standards/acca-rulebook.html.
This report is made to the director of SULH FINANCE LTD , as a body, in accordance with the terms of our engagement letter dated . Our work has been undertaken solely to prepare for your approval the accounts of SULH FINANCE LTD and state those matters that we have agreed to state to the director of SULH FINANCE LTD , as a body, in this report in accordance with the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than SULH FINANCE LTD and its director as a body for our work or for this report.
It is your duty to ensure that SULH FINANCE LTD has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit or loss of SULH FINANCE LTD . You consider that SULH FINANCE LTD is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of SULH FINANCE LTD . For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the financial statements.
Signed
CKR
29 April 2025
C K R
Chartered Certified Accountants
C K R House
70 East Hill
Dartford
Kent
DA1 1RZ
Page 1
Page 2
Abridged Balance Sheet
Registered number: 10744995
2024 2023
Notes £ £ £ £
FIXED ASSETS
Investments 3 5,025 5,025
5,025 5,025
CURRENT ASSETS
Debtors 7,147,080 4,840,811
Cash at bank and in hand 1,163,172 1,033,691
8,310,252 5,874,502
Creditors: Amounts Falling Due Within One Year (1,842,289 ) (5,273,881 )
NET CURRENT ASSETS (LIABILITIES) 6,467,963 600,621
TOTAL ASSETS LESS CURRENT LIABILITIES 6,472,988 605,646
NET ASSETS 6,472,988 605,646
CAPITAL AND RESERVES
Called up share capital 4 100 100
Profit and Loss Account 6,472,888 605,546
SHAREHOLDERS' FUNDS 6,472,988 605,646
Page 2
Page 3
For the year ending 30 April 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.
All of the company's members have consented to the preparation of an Abridged Profit and Loss Account and an Abridged Balance Sheet for the year end 30 April 2024 in accordance with section 444(2A) of the Companies Act 2006.
On behalf of the board
Mr Permjit Sulh
Director
29 April 2025
The notes on pages 4 to 5 form part of these financial statements.
Page 3
Page 4
Notes to the Abridged Financial Statements
1. Accounting Policies
1.1. 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.
1.2. Turnover
Turnover is recognised at the fair value of the consideration received or receivable for services provided in the normal course of business.

When cash flows are deferred and represent a financing arrangement, the fair value os the consideration is the present value of the future receipts. The difference between the fair value of the consideration and the normal amount received is recognised as income.
1.3. Financial Instruments
The company has elected to apply the provisions of Section 11 'Basic Financil Instruments and Section 12 'Other Financial Instruments Issues' of FRS102 tio all of its financial instruments.

Financial instruments are recognised in the company's Balance Sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial sttements, when there is a legally enforcable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method, unless the arrangement constitutes a 'financing transaction', where the transaction is measured at the present vale of the future receipts, discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities
Basic financial liabilities, including creditors, bank loans, loans from fellow grop companies and preference shares that are classified as debt are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present day value of the future payments, discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at an amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Equity instruments
Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilitie once they are no longer at the discretion of the company.



1.4. 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.
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.
Page 4
Page 5
2. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2023: NIL)
- -
3. Investments
Total
£
Cost
As at 1 May 2023 5,025
As at 30 April 2024 5,025
Provision
As at 1 May 2023 -
As at 30 April 2024 -
Net Book Value
As at 30 April 2024 5,025
As at 1 May 2023 5,025
4. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
5. Related Party Transactions
During the year the company  in accordance with commercial terms and market rates  as offerred to existing borrowers had a  loan balance with the director Permjit Sulh the sum of £650.809  in accordance with a Loan agreement dated 17 May 2018. Interest shall be charged at 1.5% above the base  rate  of Barclay Bank PLC. 
Page 5