Acorah Software Products - Accounts Production 16.3.350 false true 31 August 2023 1 September 2022 false 1 September 2023 31 August 2024 31 August 2024 06985490 Mr E Y Rusanov Mr E Y Rusanov true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 06985490 2023-08-31 06985490 2024-08-31 06985490 2023-09-01 2024-08-31 06985490 frs-core:CurrentFinancialInstruments 2024-08-31 06985490 frs-core:Non-currentFinancialInstruments 2024-08-31 06985490 frs-core:ShareCapital 2024-08-31 06985490 frs-core:RetainedEarningsAccumulatedLosses 2024-08-31 06985490 frs-bus:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 06985490 frs-bus:FilletedAccounts 2023-09-01 2024-08-31 06985490 frs-bus:SmallEntities 2023-09-01 2024-08-31 06985490 frs-bus:AuditExempt-NoAccountantsReport 2023-09-01 2024-08-31 06985490 frs-bus:SmallCompaniesRegimeForAccounts 2023-09-01 2024-08-31 06985490 frs-bus:OrdinaryShareClass1 2023-09-01 2024-08-31 06985490 frs-bus:OrdinaryShareClass1 2024-08-31 06985490 1 2023-09-01 2024-08-31 06985490 frs-bus:Director1 2023-09-01 2024-08-31 06985490 frs-countries:EnglandWales 2023-09-01 2024-08-31 06985490 2022-08-31 06985490 2023-08-31 06985490 2022-09-01 2023-08-31 06985490 frs-core:CurrentFinancialInstruments 2023-08-31 06985490 frs-core:Non-currentFinancialInstruments 2023-08-31 06985490 frs-core:ShareCapital 2023-08-31 06985490 frs-core:RetainedEarningsAccumulatedLosses 2023-08-31 06985490 frs-bus:OrdinaryShareClass1 2022-09-01 2023-08-31
Registered number: 06985490
Budilnik Ltd
Unaudited Financial Statements
For The Year Ended 31 August 2024
E Johnson & Associates Ltd
637 Green Lanes
London
N8 0RE
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—3
Page 1
Balance Sheet
Registered number: 06985490
2024 2023
Notes £ £ £ £
CURRENT ASSETS
Debtors 4 5,578 2,328
Cash at bank and in hand 3,775 191
9,353 2,519
Creditors: Amounts Falling Due Within One Year 5 (6,095 ) (3,371 )
NET CURRENT ASSETS (LIABILITIES) 3,258 (852 )
TOTAL ASSETS LESS CURRENT LIABILITIES 3,258 (852 )
Creditors: Amounts Falling Due After More Than One Year 6 (7,000 ) (8,875 )
NET LIABILITIES (3,742 ) (9,727 )
CAPITAL AND RESERVES
Called up share capital 7 4 4
Profit and Loss Account (3,746 ) (9,731 )
SHAREHOLDERS' FUNDS (3,742) (9,727)
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 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 E Y Rusanov
Director
13th May 2025
The notes on pages 2 to 3 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
Budilnik Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 06985490 . The registered office is 29 Tulliver Close, Bedworth, CV12 8HQ.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared on the going concern basis. This assumes that the company will continue in operational existence for the foreseeable future.
At the balance sheet date, the company's liabilities for the period from 1 September 2023 to 31 August 2024 exceed its assets. The director of the company has sought assurance from the creditors that their debts will not be called in within the next twelve months.
The director has been therefore deemed it appropriate that the financial statements be prepared on the going concern basis.
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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2023: 1)
1 1
4. Debtors
2024 2023
£ £
Due within one year
Other debtors 5,578 2,328
5. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 1,794 31
Bank loans and overdrafts 1,875 1,875
Other creditors 1,654 693
Taxation and social security 772 772
6,095 3,371
6. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 7,000 8,875
7. Share Capital
2024 2023
Allotted, called up and fully paid £ £
4 Ordinary Shares of £ 1.00 each 4 4
Page 2
Page 3
8. Related Party Transactions
During the year, no dividend was paid to the director.
9. Ultimate Controlling Party
The company's ultimate controlling party is Mr E Y Rusanov by virtue of being sole director and his ownership of 25% of the issued share capital in the company.
Page 3