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 09721671 Mr Adepoju Odufunlade Mr Adepoju Odufunlade iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 09721671 2023-08-31 09721671 2024-08-31 09721671 2023-09-01 2024-08-31 09721671 frs-core:CurrentFinancialInstruments 2024-08-31 09721671 frs-core:ComputerEquipment 2024-08-31 09721671 frs-core:ComputerEquipment 2023-09-01 2024-08-31 09721671 frs-core:ComputerEquipment 2023-08-31 09721671 frs-core:MotorVehicles 2024-08-31 09721671 frs-core:MotorVehicles 2023-09-01 2024-08-31 09721671 frs-core:MotorVehicles 2023-08-31 09721671 frs-core:PlantMachinery 2024-08-31 09721671 frs-core:PlantMachinery 2023-09-01 2024-08-31 09721671 frs-core:PlantMachinery 2023-08-31 09721671 frs-core:ShareCapital 2024-08-31 09721671 frs-core:RetainedEarningsAccumulatedLosses 2024-08-31 09721671 frs-bus:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 09721671 frs-bus:FilletedAccounts 2023-09-01 2024-08-31 09721671 frs-bus:SmallEntities 2023-09-01 2024-08-31 09721671 frs-bus:AuditExempt-NoAccountantsReport 2023-09-01 2024-08-31 09721671 frs-bus:SmallCompaniesRegimeForAccounts 2023-09-01 2024-08-31 09721671 frs-core:CostValuation 2023-08-31 09721671 frs-core:AdditionsToInvestments 2024-08-31 09721671 frs-core:CostValuation 2024-08-31 09721671 frs-core:ProvisionsForImpairmentInvestments 2023-08-31 09721671 frs-core:ProvisionsForImpairmentInvestments 2024-08-31 09721671 frs-bus:Director1 2023-09-01 2024-08-31 09721671 frs-bus:Director2 2023-09-01 2024-08-31 09721671 frs-countries:EnglandWales 2023-09-01 2024-08-31 09721671 2022-08-31 09721671 2023-08-31 09721671 2022-09-01 2023-08-31 09721671 frs-core:CurrentFinancialInstruments 2023-08-31 09721671 frs-core:ShareCapital 2023-08-31 09721671 frs-core:RetainedEarningsAccumulatedLosses 2023-08-31
Registered number: 09721671
Aroma Property Services Ltd
Unaudited Financial Statements
For The Year Ended 31 August 2024
Lekod Consulting Ltd
Accountants
108
Bensham Grove
Thornton Heath
Surrey
CR7 8DB
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—4
Page 1
Balance Sheet
Registered number: 09721671
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 23,100 31,600
Investments 5 47,400 -
70,500 31,600
CURRENT ASSETS
Debtors 6 - 6,541
Cash at bank and in hand 16,971 25,571
16,971 32,112
Creditors: Amounts Falling Due Within One Year 7 (37,342 ) (23,880 )
NET CURRENT ASSETS (LIABILITIES) (20,371 ) 8,232
TOTAL ASSETS LESS CURRENT LIABILITIES 50,129 39,832
NET ASSETS 50,129 39,832
CAPITAL AND RESERVES
Called up share capital 8 2 1
Profit and Loss Account 50,127 39,831
SHAREHOLDERS' FUNDS 50,129 39,832
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 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 Adepoju Odufunlade
Director
21st May 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
Aroma Property Services Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 09721671 . The registered office is 7, Bell Yard, London, London, WC2A 2JR.
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:
Plant & Machinery 20% straightline
Motor Vehicles 20% straightline
Computer Equipment 25% straightline
2.4. 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 year 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 asset reflects 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 or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
Page 2
Page 3
3. Average Number of Employees
Average number of employees, including directors, during the year was:
2024 2023
Office and administration 2 2
2 2
4. Tangible Assets
Plant & Machinery Motor Vehicles Computer Equipment Total
£ £ £ £
Cost
As at 1 September 2023 12,500 25,000 4,200 41,700
As at 31 August 2024 12,500 25,000 4,200 41,700
Depreciation
As at 1 September 2023 3,500 5,000 1,600 10,100
Provided during the period 2,500 5,000 1,000 8,500
As at 31 August 2024 6,000 10,000 2,600 18,600
Net Book Value
As at 31 August 2024 6,500 15,000 1,600 23,100
As at 1 September 2023 9,000 20,000 2,600 31,600
5. Investments
Other
£
Cost
As at 1 September 2023 -
Additions 47,400
As at 31 August 2024 47,400
Provision
As at 1 September 2023 -
As at 31 August 2024 -
Net Book Value
As at 31 August 2024 47,400
As at 1 September 2023 -
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors - 6,541
Page 3
Page 4
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Corporation tax 1,719 6,100
Other creditors 34,873 17,030
Accruals and deferred income 750 750
37,342 23,880
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 2 1
Page 4