Acorah Software Products - Accounts Production 16.2.850 false true 31 July 2023 1 August 2022 false 1 August 2023 31 July 2024 31 July 2024 SC703724 Mr Bilal Khan iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure SC703724 2023-07-31 SC703724 2024-07-31 SC703724 2023-08-01 2024-07-31 SC703724 frs-core:CurrentFinancialInstruments 2024-07-31 SC703724 frs-core:Non-currentFinancialInstruments 2024-07-31 SC703724 frs-core:ComputerEquipment 2024-07-31 SC703724 frs-core:ComputerEquipment 2023-08-01 2024-07-31 SC703724 frs-core:ComputerEquipment 2023-07-31 SC703724 frs-core:FurnitureFittings 2024-07-31 SC703724 frs-core:FurnitureFittings 2023-08-01 2024-07-31 SC703724 frs-core:FurnitureFittings 2023-07-31 SC703724 frs-core:ShareCapital 2024-07-31 SC703724 frs-core:RetainedEarningsAccumulatedLosses 2024-07-31 SC703724 frs-bus:PrivateLimitedCompanyLtd 2023-08-01 2024-07-31 SC703724 frs-bus:FilletedAccounts 2023-08-01 2024-07-31 SC703724 frs-bus:SmallEntities 2023-08-01 2024-07-31 SC703724 frs-bus:AuditExempt-NoAccountantsReport 2023-08-01 2024-07-31 SC703724 frs-bus:SmallCompaniesRegimeForAccounts 2023-08-01 2024-07-31 SC703724 frs-bus:Director1 2023-08-01 2024-07-31 SC703724 frs-countries:Scotland 2023-08-01 2024-07-31 SC703724 2022-07-31 SC703724 2023-07-31 SC703724 2022-08-01 2023-07-31 SC703724 frs-core:CurrentFinancialInstruments 2023-07-31 SC703724 frs-core:Non-currentFinancialInstruments 2023-07-31 SC703724 frs-core:ShareCapital 2023-07-31 SC703724 frs-core:RetainedEarningsAccumulatedLosses 2023-07-31
Registered number: SC703724
Original Khyber+ Ltd
Financial Statements
For The Year Ended 31 July 2024
Scottish Accountancy Service
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: SC703724
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 37,600 31,549
37,600 31,549
CURRENT ASSETS
Stocks 5 23,248 19,830
Debtors 6 8,555 4,004
Cash at bank and in hand 1,070 2,639
32,873 26,473
Creditors: Amounts Falling Due Within One Year 7 (52,813 ) (40,894 )
NET CURRENT ASSETS (LIABILITIES) (19,940 ) (14,421 )
TOTAL ASSETS LESS CURRENT LIABILITIES 17,660 17,128
NET ASSETS 17,660 17,128
CAPITAL AND RESERVES
Called up share capital 8 1 1
Profit and Loss Account 17,659 17,127
SHAREHOLDERS' FUNDS 17,660 17,128
Page 1
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 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.
On behalf of the board
Mr Bilal Khan
Director
30/12/2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Original Khyber+ Ltd is a private company, limited by shares, incorporated in Scotland, registered number SC703724 . The registered office is 69 Kilmarnock Road, Glasgow, G41 3YR.
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:
Fixtures & Fittings 10
Computer Equipment 10
2.4. 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: 5 (2023: 4)
5 4
4. Tangible Assets
Fixtures & Fittings Computer Equipment Total
£ £ £
Cost
As at 1 August 2023 25,014 10,012 35,026
Additions 9,553 - 9,553
As at 31 July 2024 34,567 10,012 44,579
Depreciation
As at 1 August 2023 2,320 1,157 3,477
Provided during the period 2,501 1,001 3,502
As at 31 July 2024 4,821 2,158 6,979
...CONTINUED
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Page 4
Net Book Value
As at 31 July 2024 29,746 7,854 37,600
As at 1 August 2023 22,694 8,855 31,549
5. Stocks
2024 2023
£ £
Finished goods 23,248 19,830
6. Debtors
2024 2023
£ £
Due within one year
Prepayments and accrued income 7,580 -
Other taxes and social security - 4,004
7,580 4,004
Due after more than one year
Other debtors 975 -
8,555 4,004
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Corporation tax - 4,521
VAT 52,071 36,373
Director's loan account 742 -
52,813 40,894
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1 1
9. Audit Information
The auditor's report on the accounts of Original Khyber+ Ltd for the year ended 31 July 2024 was unqualified.
The auditor's report was signed by Statutory Auditor.
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