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Registered number: 11247622
EDUCAD CONSULTING LTD
Unaudited Financial Statements
For The Year Ended 31 March 2025
S Asrar Haqqi FMAAT
Haqqi Accountancy Services
25 Cloudesdale Road
London
SW17 8ET
Contents
Page
Balance Sheet 1—2
Statement of Changes in Equity 3
Notes to the Financial Statements 4—6
Page 1
Balance Sheet
Registered number: 11247622
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 3,315 3,948
3,315 3,948
CURRENT ASSETS
Debtors 5 23,647 26,097
Cash at bank and in hand 60,578 92,608
84,225 118,705
Creditors: Amounts Falling Due Within One Year 6 (16,072 ) (29,954 )
NET CURRENT ASSETS (LIABILITIES) 68,153 88,751
TOTAL ASSETS LESS CURRENT LIABILITIES 71,468 92,699
NET ASSETS 71,468 92,699
CAPITAL AND RESERVES
Called up share capital 7 100 100
Profit and Loss Account 71,368 92,599
SHAREHOLDERS' FUNDS 71,468 92,699
Page 1
Page 2
For the year ending 31 March 2025 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
Mrs Ivona Alizadeh
Director
3 June 2025
The notes on pages 4 to 6 form part of these financial statements.
Page 2
Page 3
Statement of Changes in Equity
Share Capital Profit and Loss Account Total
£ £ £
As at 1 April 2023 100 69,636 69,736
Profit for the year and total comprehensive income - 80,629 80,629
Dividends paid - (57,666) (57,666)
As at 31 March 2024 and 1 April 2024 100 92,599 92,699
Profit for the year and total comprehensive income - 48,249 48,249
Dividends paid - (69,480) (69,480)
As at 31 March 2025 100 71,368 71,468
Page 3
Page 4
Notes to the Financial Statements
1. General Information
EDUCAD CONSULTING LTD is a private company, limited by shares, incorporated in England & Wales, registered number 11247622 . The registered office is 6 Cumberland Close, London, SW20 8AT.
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:
Computer Equipment 33% Reducing Balance Method
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 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.
...CONTINUED
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2.5. Taxation - continued
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: 6 (2024: 5)
6 5
4. Tangible Assets
Computer Equipment
£
Cost
As at 1 April 2024 10,694
Additions 999
As at 31 March 2025 11,693
Depreciation
As at 1 April 2024 6,746
Provided during the period 1,632
As at 31 March 2025 8,378
Net Book Value
As at 31 March 2025 3,315
As at 1 April 2024 3,948
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5. Debtors
2025 2024
£ £
Due within one year
Trade debtors 23,647 19,907
Bobrakov account - 6,190
23,647 26,097
6. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors (1 ) 504
Corporation tax 12,580 24,079
Other taxes and social security 367 133
VAT 3,126 1,509
Net wages - 3,729
16,072 29,954
7. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 100 100
8. Directors Advances, Credits and Guarantees
Dividends paid to directors
9. Dividends
2025 2024
£ £
On equity shares:
Final dividend paid 69,480 57,666
Page 6