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Registered number: 07353998
Archidom Ltd.
Unaudited Financial Statements
For The Year Ended 31 August 2024
Goldwyns London LLP
Contents
Page
Statement of Financial Position 1
Notes to the Financial Statements 2—4
Page 1
Statement of Financial Position
Registered number: 07353998
2024 2023
Notes £ £ £ £
FIXED ASSETS
CURRENT ASSETS
Stocks 5 393,934 393,934
Debtors 6 500 -
Cash at bank and in hand 36,945 29,974
431,379 423,908
Creditors: Amounts Falling Due Within One Year 7 (339,965 ) (340,830 )
NET CURRENT ASSETS (LIABILITIES) 91,414 83,078
TOTAL ASSETS LESS CURRENT LIABILITIES 91,414 83,078
NET ASSETS 91,414 83,078
CAPITAL AND RESERVES
Called up share capital 8 14 14
Income Statement 91,400 83,064
SHAREHOLDERS' FUNDS 91,414 83,078
For the year ending 31 August 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 her 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
Miss J Stratton
Director
17/04/2025
The notes on pages 2 to 4 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
Archidom Ltd. is a private company, limited by shares, incorporated in England & Wales, registered number 07353998 . The registered office is 59 St John's Avenue, Putney, London, SW15 6AL.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.
The financial statements are prepared in UK sterling,which is the functional currency of the entity. Monetary amounts in these financial statements are rounded to the nearest UK pound.
The principle accounting polices adopted are set below.
2.2. Going Concern Disclosure
The directors have considered the prospect of the business for the next twelve months and beyond and have arrived at a reasonable expectation the company will continue to meet its obligations as they fall due. The directors have also pledged their financial support to assist with this if required. On this basis, the directors will continue to adopt the going concern basis of accounting in preparing the financial statements.
2.3. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes and other sales taxes.
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% on cost
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.
2.6. Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.
Current or deferred taxation assets and liabilities are not discounted.
Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.
2.7. Financial Instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors, creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.
2.8. Cash and Cash Equivalents
Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
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Page 3
2.9. Accounting Judgements and Key Sources of Estimation Uncerainity
In the application of the company's accounting policies management is required to make judgements, estimates and assumptions about the carrying value of assets and liabilities that are not readily ascertainable from other sources. The estimates and underlying assumptions are based on historical experience and other factors that are considered to be relevant. Actual outcomes may differ from these estimates.
The estimates and underlying assumptions are reviewed on a continuing basis. Revisions to accounting estimates are recognised in the period in which the estimates are revised.
The key areas of estimation uncertainty that have a significant effect on the amounts recognised in the financial statements are described below:
Accrued Expenditure
The company includes a provision for invoices which are yet to be received from and amounts paid in advance to suppliers. These provisions are estimated based upon the expected values of the invoices which are issued and services received following the period end.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2023: 1)
1 1
4. Tangible Assets
Computer Equipment
£
Cost
As at 1 September 2023 483
As at 31 August 2024 483
Depreciation
As at 1 September 2023 483
As at 31 August 2024 483
Net Book Value
As at 31 August 2024 -
As at 1 September 2023 -
5. Stocks
2024 2023
£ £
Work in progress 393,934 393,934
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 500 -
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Corporation tax 1,956 1,101
Accruals and deferred income 2,100 3,900
Director's loan account 335,909 335,829
339,965 340,830
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Page 4
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 14 14
The nominal value per share is £1 and as at the year-end there are 14 Ordinary shares in issue.
9. Related Party Transactions
As at the year-end, the Directors Loan Account balance of Mrs J Stratton is £335,909, which is a current liability, is interest free and repayable on demand.
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