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 09088539 A Sidat R A Yusuf iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 09088539 2023-06-30 09088539 2024-06-30 09088539 2023-07-01 2024-06-30 09088539 frs-core:CurrentFinancialInstruments 2024-06-30 09088539 frs-core:FurnitureFittings 2024-06-30 09088539 frs-core:FurnitureFittings 2023-07-01 2024-06-30 09088539 frs-core:FurnitureFittings 2023-06-30 09088539 frs-core:ShareCapital 2024-06-30 09088539 frs-core:RetainedEarningsAccumulatedLosses 2024-06-30 09088539 frs-bus:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 09088539 frs-bus:FilletedAccounts 2023-07-01 2024-06-30 09088539 frs-bus:SmallEntities 2023-07-01 2024-06-30 09088539 frs-bus:AuditExempt-NoAccountantsReport 2023-07-01 2024-06-30 09088539 frs-bus:SmallCompaniesRegimeForAccounts 2023-07-01 2024-06-30 09088539 frs-bus:Director1 2023-07-01 2024-06-30 09088539 frs-bus:Director1 2023-06-30 09088539 frs-bus:Director1 2024-06-30 09088539 frs-bus:Director2 2023-07-01 2024-06-30 09088539 frs-countries:EnglandWales 2023-07-01 2024-06-30 09088539 2022-06-30 09088539 2023-06-30 09088539 2022-07-01 2023-06-30 09088539 frs-core:CurrentFinancialInstruments 2023-06-30 09088539 frs-core:ShareCapital 2023-06-30 09088539 frs-core:RetainedEarningsAccumulatedLosses 2023-06-30
Registered number: 09088539
Safanah UK Ltd
Financial Statements
For The Year Ended 30 June 2024
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—3
Page 1
Balance Sheet
Registered number: 09088539
2024 2023
Notes £ £ £ £
FIXED ASSETS
CURRENT ASSETS
Debtors 5 264,622 259,855
Cash at bank and in hand 342,140 256,191
606,762 516,046
Creditors: Amounts Falling Due Within One Year 6 (183,634 ) (147,815 )
NET CURRENT ASSETS (LIABILITIES) 423,128 368,231
TOTAL ASSETS LESS CURRENT LIABILITIES 423,128 368,231
NET ASSETS 423,128 368,231
CAPITAL AND RESERVES
Called up share capital 7 100 100
Profit and Loss Account 423,028 368,131
SHAREHOLDERS' FUNDS 423,128 368,231
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
A Sidat
Director
22nd 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
Safanah UK Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 09088539 . The registered office is 109 Coleman Road, Leicester, LE5 4LE.
The presentation currency of the financial statements is the Pound Sterling (£).
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, excluding discounts, rebates, value added tax and other sales taxes.
Initial franchise fees related to sale of franchises are charged when franchise agreements are signed and this is recognised as revenue when the franchise store is opened, which is when the company has performed substantially all initial material conditions required by the franchise agreement.
The company also collects royalties from each retail franchise and these are recognised as revenue when earned.
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 20% on cost
Tangible fixed asset has been fully written off previously, hence no depreciation provided this year.
2.4. 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.
2.5. Deferred Tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.
Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.
Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2023: NIL)
1 -
Page 2
Page 3
4. Tangible Assets
Fixtures & Fittings
£
Cost
As at 1 July 2023 4,486
As at 30 June 2024 4,486
Depreciation
As at 1 July 2023 4,486
As at 30 June 2024 4,486
Net Book Value
As at 30 June 2024 -
As at 1 July 2023 -
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 102,496 100,077
Other debtors 162,126 159,778
264,622 259,855
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors - 553
Other creditors 141,897 115,365
Taxation and social security 41,737 31,897
183,634 147,815
7. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
8. Directors Advances, Credits and Guarantees
The following advances and credits to directors subsisted during the current and prior periods:
As at 1 July 2023 Amounts advanced Amounts repaid Amounts written off As at 30 June 2024
£ £ £ £ £
Mr Ashraf Sidat (108,657 ) 15 (8,920 ) - (117,562 )
The above loan is unsecured, interest free and repayable on demand.
9. Related Party Transactions
As at year the company was owed a sum of £147,948 (2023: £147,948) from other companies which are owned and controlled by majority shareholders and directors of the company. The amount is included within other debtors in note 5.
Page 3