Acorah Software Products - Accounts Production 16.2.850 false true true 31 July 2023 1 August 2022 false 1 August 2023 31 July 2024 31 July 2024 10881060 Dil Bahadur Gurung Susmita Tamang diretors true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 10881060 2023-07-31 10881060 2024-07-31 10881060 2023-08-01 2024-07-31 10881060 frs-core:CurrentFinancialInstruments 2024-07-31 10881060 frs-core:Non-currentFinancialInstruments 2024-07-31 10881060 frs-core:FurnitureFittings 2024-07-31 10881060 frs-core:FurnitureFittings 2023-08-01 2024-07-31 10881060 frs-core:FurnitureFittings 2023-07-31 10881060 frs-core:MotorVehicles 2024-07-31 10881060 frs-core:MotorVehicles 2023-08-01 2024-07-31 10881060 frs-core:MotorVehicles 2023-07-31 10881060 frs-core:PlantMachinery 2024-07-31 10881060 frs-core:PlantMachinery 2023-08-01 2024-07-31 10881060 frs-core:PlantMachinery 2023-07-31 10881060 frs-core:ShareCapital 2024-07-31 10881060 frs-core:RetainedEarningsAccumulatedLosses 2024-07-31 10881060 frs-bus:PrivateLimitedCompanyLtd 2023-08-01 2024-07-31 10881060 frs-bus:FilletedAccounts 2023-08-01 2024-07-31 10881060 frs-bus:SmallEntities 2023-08-01 2024-07-31 10881060 frs-bus:AuditExempt-NoAccountantsReport 2023-08-01 2024-07-31 10881060 frs-bus:SmallCompaniesRegimeForAccounts 2023-08-01 2024-07-31 10881060 1 2023-08-01 2024-07-31 10881060 frs-bus:Director1 2023-08-01 2024-07-31 10881060 frs-bus:Director2 2023-08-01 2024-07-31 10881060 frs-countries:EnglandWales 2023-08-01 2024-07-31 10881060 2022-07-31 10881060 2023-07-31 10881060 2022-08-01 2023-07-31 10881060 frs-core:CurrentFinancialInstruments 2023-07-31 10881060 frs-core:Non-currentFinancialInstruments 2023-07-31 10881060 frs-core:ShareCapital 2023-07-31 10881060 frs-core:RetainedEarningsAccumulatedLosses 2023-07-31
Registered number: 10881060
Manakamana Ashford Limited
Unaudited Financial Statements
For The Year Ended 31 July 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 10881060
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 15,450 17,551
15,450 17,551
CURRENT ASSETS
Stocks 5 6,120 6,120
Debtors 6 3,426 1,129
Cash at bank and in hand 16,880 4,507
26,426 11,756
Creditors: Amounts Falling Due Within One Year 7 (86,780 ) (92,069 )
NET CURRENT ASSETS (LIABILITIES) (60,354 ) (80,313 )
TOTAL ASSETS LESS CURRENT LIABILITIES (44,904 ) (62,762 )
Creditors: Amounts Falling Due After More Than One Year 8 (11,367 ) (17,597 )
NET LIABILITIES (56,271 ) (80,359 )
CAPITAL AND RESERVES
Called up share capital 9 100 100
Profit and Loss Account (56,371 ) (80,459 )
SHAREHOLDERS' FUNDS (56,271) (80,359)
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Page 2
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
Susmita Tamang
Director
28 April 2025
The notes on pages 3 to 5 form part of these financial statements.
Page 2
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Notes to the Financial Statements
1. General Information
Manakamana Ashford Limited is a private company, limited by shares, incorporated in England & Wales, registered number 10881060 . The registered office is 31 Bank Street, Ashford, TN23 1DQ.
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 directors believe that the company would have sufficient resources to continue to trade for foreseeable future.
2.3. Turnover
Revenue is recognised to the extent that the company obtains the right to consideration in exchange for its performance. Revenue is measured at the fair value of the consideration received, excluding discounts, rebates, VAT and other sales taxes or duty. The following criteria must also be met before revenue is recognised:
Sale of goods and services
Revenue from the sale of goods and services is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer, usually on dispatch of the goods, the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. No depreciation is provided in the year of acquisition. 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:
Plant & Machinery 25% reducing balance
Motor Vehicles 25% reducing balance
Furniture, fixtures and equipment 25% reducing balance
2.5. 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: 7 (2023: 7)
7 7
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4. Tangible Assets
Plant & Machinery Motor Vehicles Furniture, fixtures and equipment Total
£ £ £ £
Cost
As at 1 August 2023 34,028 5,995 23,319 63,342
Additions - - 3,048 3,048
As at 31 July 2024 34,028 5,995 26,367 66,390
Depreciation
As at 1 August 2023 27,197 4,632 13,962 45,791
Provided during the period 2,555 340 2,254 5,149
As at 31 July 2024 29,752 4,972 16,216 50,940
Net Book Value
As at 31 July 2024 4,276 1,023 10,151 15,450
As at 1 August 2023 6,831 1,363 9,357 17,551
5. Stocks
2024 2023
£ £
Stock 6,120 6,120
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 3,426 1,129
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 9,183 6,610
Other taxes and social security 1,271 1,099
VAT 10,053 9,851
Net wages 5,020 -
Directors' loan accounts 61,253 74,509
86,780 92,069
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8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 11,367 17,597
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
10. Related Party Transactions
Included in creditors due within one year is an amount of £61,253 (2023: £74,509) owed to its directors. The amount is interest free and repayable on demand.
11. Ultimate Controlling Party
The company's ultimate controlling party is diretors by virtue of the ownership of 50% each of the issued share capital in the company.
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