Acorah Software Products - Accounts Production 16.3.350 false true 31 March 2023 1 April 2022 false 1 April 2023 31 March 2024 31 March 2024 03937213 Mr Sachin Duggal SD Ventures II Limited true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 03937213 2023-03-31 03937213 2024-03-31 03937213 2023-04-01 2024-03-31 03937213 frs-core:CurrentFinancialInstruments 2024-03-31 03937213 frs-core:ComputerEquipment 2024-03-31 03937213 frs-core:ComputerEquipment 2023-04-01 2024-03-31 03937213 frs-core:ComputerEquipment 2023-03-31 03937213 frs-core:MotorVehicles 2024-03-31 03937213 frs-core:MotorVehicles 2023-04-01 2024-03-31 03937213 frs-core:MotorVehicles 2023-03-31 03937213 frs-core:ShareCapital 2024-03-31 03937213 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 03937213 frs-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 03937213 frs-bus:FilletedAccounts 2023-04-01 2024-03-31 03937213 frs-bus:SmallEntities 2023-04-01 2024-03-31 03937213 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 03937213 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 03937213 1 2023-04-01 2024-03-31 03937213 frs-bus:Director1 2023-04-01 2024-03-31 03937213 frs-countries:EnglandWales 2023-04-01 2024-03-31 03937213 2022-03-31 03937213 2023-03-31 03937213 2022-04-01 2023-03-31 03937213 frs-core:CurrentFinancialInstruments 2023-03-31 03937213 frs-core:ShareCapital 2023-03-31 03937213 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31
Registered number: 03937213
S25d Limited
Unaudited Financial Statements
For The Year Ended 31 March 2024
Total Tax Solutions
2 Peel Court
St. Cuthberts Way
Darlington
DL1 1GB
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—4
Page 1
Balance Sheet
Registered number: 03937213
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 113,311 -
113,311 -
CURRENT ASSETS
Debtors 5 1,278,716 1,075,989
Cash at bank and in hand 5,181 31,353
1,283,897 1,107,342
Creditors: Amounts Falling Due Within One Year 6 (1,632,897 ) (1,295,492 )
NET CURRENT ASSETS (LIABILITIES) (349,000 ) (188,150 )
TOTAL ASSETS LESS CURRENT LIABILITIES (235,689 ) (188,150 )
NET LIABILITIES (235,689 ) (188,150 )
CAPITAL AND RESERVES
Called up share capital 7 10 10
Profit and Loss Account (235,699 ) (188,160 )
SHAREHOLDERS' FUNDS (235,689) (188,150)
For the year ending 31 March 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 Sachin Duggal
Director
01/05/2025
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
S25d Limited is a private company, limited by shares, incorporated in England & Wales, registered number 03937213 . The registered office is 2 Peel Court, 24 St. Cuthberts Way, Darlington, DL1 1GB.
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:
Motor Vehicles 25% Reducing Balance
Computer Equipment 33% Straight Line
2.4. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
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.
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Page 3
3. Average Number of Employees
Average number of employees, including directors, during the year was: 3 (2023: 3)
3 3
4. Tangible Assets
Motor Vehicles Computer Equipment Total
£ £ £
Cost
As at 1 April 2023 - - -
Additions 135,480 7,764 143,244
As at 31 March 2024 135,480 7,764 143,244
Depreciation
As at 1 April 2023 - - -
Provided during the period 28,225 1,708 29,933
As at 31 March 2024 28,225 1,708 29,933
Net Book Value
As at 31 March 2024 107,255 6,056 113,311
As at 1 April 2023 - - -
5. Debtors
2024 2023
£ £
Due within one year
Amounts owed by group undertakings - 68,831
Other debtors 1,278,716 1,007,158
1,278,716 1,075,989
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 90,545 45,612
Amounts owed to group undertakings 862,448 387,516
Other creditors 673,546 858,396
Taxation and social security 6,358 3,968
1,632,897 1,295,492
7. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 10 10
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Page 4
8. Related Party Transactions
 The Company has taken the exemptions in FRS 102 section 33, Paragraph 33.1A which sllows non-disclosure of transactions between two or members of a group, provided that any subsidiary which is a party to the transaction is wholly owned by such a member.
As at 31st March 2024 an amount of £837,042 (2023 - £387,516) was owed to SD Squared Ventures II limited which is a immediate parent undertaking, and this balane is fully repayable and interest is charged at 2% per annum.
Mr S Duggal the director of the company, paid expenses behalf of the company during the year totalling £45,8604 (2023- £93,366).
At the balance  sheet date Mr Duggal was owed £659,448 (2023 - 813,941) - this is repayable on demand and is charged at an interest rate of 2%
9. Ultimate Parent Undertaking and Controlling Party
The company's immediate and ultimate parent undertaking is SDD Viswa Holding Trust . SDD Viswa Holding Trust was incorporated in Jersey.
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