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 08195745 Mr Ashok Pothugunta Mr Ashok Pothugunta true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 08195745 2023-08-31 08195745 2024-08-31 08195745 2023-09-01 2024-08-31 08195745 frs-core:Non-currentFinancialInstruments 2024-08-31 08195745 frs-core:ShareCapital 2024-08-31 08195745 frs-core:RetainedEarningsAccumulatedLosses 2024-08-31 08195745 frs-bus:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 08195745 frs-bus:FilletedAccounts 2023-09-01 2024-08-31 08195745 frs-bus:SmallEntities 2023-09-01 2024-08-31 08195745 frs-bus:AuditExempt-NoAccountantsReport 2023-09-01 2024-08-31 08195745 frs-bus:SmallCompaniesRegimeForAccounts 2023-09-01 2024-08-31 08195745 frs-bus:OrdinaryShareClass1 2023-09-01 2024-08-31 08195745 frs-bus:OrdinaryShareClass1 2024-08-31 08195745 1 2023-09-01 2024-08-31 08195745 frs-bus:Director1 2023-09-01 2024-08-31 08195745 frs-countries:EnglandWales 2023-09-01 2024-08-31 08195745 2022-08-31 08195745 2023-08-31 08195745 2022-09-01 2023-08-31 08195745 frs-core:Non-currentFinancialInstruments 2023-08-31 08195745 frs-core:ShareCapital 2023-08-31 08195745 frs-core:RetainedEarningsAccumulatedLosses 2023-08-31 08195745 frs-bus:OrdinaryShareClass1 2022-09-01 2023-08-31
Registered number: 08195745
UJIMA LTD
Unaudited Financial Statements
For The Year Ended 31 August 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3
Page 1
Balance Sheet
Registered number: 08195745
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 425,000 425,000
Tangible Assets 228,608 233,015
653,608 658,015
CURRENT ASSETS
Stocks 162,620 158,366
Debtors 118,702 118,182
Cash at bank and in hand 3,616 28,305
284,938 304,853
Creditors: Amounts Falling Due Within One Year (245,314 ) (348,352 )
NET CURRENT ASSETS (LIABILITIES) 39,624 (43,499 )
TOTAL ASSETS LESS CURRENT LIABILITIES 693,232 614,516
Creditors: Amounts Falling Due After More Than One Year (485,479 ) (408,368 )
NET ASSETS 207,753 206,148
CAPITAL AND RESERVES
Called up share capital 4 100 100
Profit and Loss Account 207,653 206,048
SHAREHOLDERS' FUNDS 207,753 206,148
Page 1
Page 2
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 Ashok Pothugunta
Director
20th May 2025
The notes on page 3 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
UJIMA LTD is a private company, limited by shares, incorporated in England & Wales, registered number 08195745 . The registered office is 5-7 Southlane, Clanfield, Waterlooville , Hampshire, PO8 0RB.
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.
2.3. 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.
2.4. 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 20 (2023: 20)
20 20
4. Share Capital
2024 2023
Allotted, called up and fully paid £ £
100 Ordinary Shares of £ 1.00 each 100 100
5. Ultimate Controlling Party
The company's ultimate controlling party is Mr Ashok Pothugunta by virtue of his ownership of 100% of the issued share capital in the company.
Page 3