Acorah Software Products - Accounts Production 16.3.350 false true 30 June 2023 1 July 2022 false 1 July 2023 30 June 2024 30 June 2024 09622302 Mr Hassan Mohammed Mr Hussain Mohammed Mrs Farida Patel Mr Salim Patel iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 09622302 2023-06-30 09622302 2024-06-30 09622302 2023-07-01 2024-06-30 09622302 frs-core:CurrentFinancialInstruments 2024-06-30 09622302 frs-core:Non-currentFinancialInstruments 2024-06-30 09622302 frs-core:ComputerEquipment 2024-06-30 09622302 frs-core:ComputerEquipment 2023-07-01 2024-06-30 09622302 frs-core:ComputerEquipment 2023-06-30 09622302 frs-core:FurnitureFittings 2024-06-30 09622302 frs-core:FurnitureFittings 2023-07-01 2024-06-30 09622302 frs-core:FurnitureFittings 2023-06-30 09622302 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-06-30 09622302 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 09622302 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-06-30 09622302 frs-core:PlantMachinery 2024-06-30 09622302 frs-core:PlantMachinery 2023-07-01 2024-06-30 09622302 frs-core:PlantMachinery 2023-06-30 09622302 frs-core:ShareCapital 2024-06-30 09622302 frs-core:RetainedEarningsAccumulatedLosses 2024-06-30 09622302 frs-bus:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 09622302 frs-bus:FilletedAccounts 2023-07-01 2024-06-30 09622302 frs-bus:SmallEntities 2023-07-01 2024-06-30 09622302 frs-bus:AuditExempt-NoAccountantsReport 2023-07-01 2024-06-30 09622302 frs-bus:SmallCompaniesRegimeForAccounts 2023-07-01 2024-06-30 09622302 frs-bus:Director1 2023-07-01 2024-06-30 09622302 frs-bus:Director2 2023-07-01 2024-06-30 09622302 frs-bus:Director3 2023-07-01 2024-06-30 09622302 frs-bus:Director4 2023-07-01 2024-06-30 09622302 frs-countries:EnglandWales 2023-07-01 2024-06-30 09622302 2022-06-30 09622302 2023-06-30 09622302 2022-07-01 2023-06-30 09622302 frs-core:CurrentFinancialInstruments 2023-06-30 09622302 frs-core:Non-currentFinancialInstruments 2023-06-30 09622302 frs-core:ShareCapital 2023-06-30 09622302 frs-core:RetainedEarningsAccumulatedLosses 2023-06-30
Registered number: 09622302
Salim Patel Limited
Unaudited Financial Statements
For The Year Ended 30 June 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 09622302
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 1,403,381 1,408,874
1,403,381 1,408,874
CURRENT ASSETS
Stocks 5 255,112 257,446
Debtors 6 2,250 262,626
Cash at bank and in hand 471,684 451,591
729,046 971,663
Creditors: Amounts Falling Due Within One Year 7 (1,605,488 ) (1,793,258 )
NET CURRENT ASSETS (LIABILITIES) (876,442 ) (821,595 )
TOTAL ASSETS LESS CURRENT LIABILITIES 526,939 587,279
Creditors: Amounts Falling Due After More Than One Year 8 (469,845 ) (555,339 )
NET ASSETS 57,094 31,940
CAPITAL AND RESERVES
Called up share capital 9 100 100
Profit and Loss Account 56,994 31,840
SHAREHOLDERS' FUNDS 57,094 31,940
Page 1
Page 2
For the year ending 30 June 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
Mr Salim Patel
Director
04/05/2025
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Salim Patel Limited is a private company, limited by shares, incorporated in England & Wales, registered number 09622302 . The registered office is 427 Chorley New Road, Horwich, Bolton, BL6 6DT.
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 comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at cost less depreciation. 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:
Freehold Nil
Plant & Machinery 15% Reducing balance
Fixtures & Fittings 15% Reducing Balance
Computer Equipment 33% Straight Line
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.
2.5. 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 years 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.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 13 (2023: 12)
13 12
Page 3
Page 4
4. Tangible Assets
Land & Property
Freehold Plant & Machinery Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 July 2023 1,369,245 25,937 59,300 6,136 1,460,618
Additions - 448 372 566 1,386
As at 30 June 2024 1,369,245 26,385 59,672 6,702 1,462,004
Depreciation
As at 1 July 2023 - 13,073 33,599 5,072 51,744
Provided during the period - 1,997 3,911 971 6,879
As at 30 June 2024 - 15,070 37,510 6,043 58,623
Net Book Value
As at 30 June 2024 1,369,245 11,315 22,162 659 1,403,381
As at 1 July 2023 1,369,245 12,864 25,701 1,064 1,408,874
5. Stocks
2024 2023
£ £
Finished goods 255,112 257,446
6. Debtors
2024 2023
£ £
Due within one year
Other debtors 2,250 262,626
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 730,788 788,286
Bank loans and overdrafts 88,000 88,000
Other creditors 542,306 747,878
Taxation and social security 244,394 169,094
1,605,488 1,793,258
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 469,845 555,339
Page 4
Page 5
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
Page 5