Acorah Software Products - Accounts Production 16.3.350 false true 31 August 2023 10 August 2022 false 1 September 2023 31 May 2024 31 May 2024 14288274 Avni Naik the director of company true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 14288274 2023-08-31 14288274 2024-05-31 14288274 2023-09-01 2024-05-31 14288274 frs-core:CurrentFinancialInstruments 2024-05-31 14288274 frs-core:ShareCapital 2024-05-31 14288274 frs-core:RetainedEarningsAccumulatedLosses 2024-05-31 14288274 frs-bus:PrivateLimitedCompanyLtd 2023-09-01 2024-05-31 14288274 frs-bus:FilletedAccounts 2023-09-01 2024-05-31 14288274 frs-bus:SmallEntities 2023-09-01 2024-05-31 14288274 frs-bus:AuditExempt-NoAccountantsReport 2023-09-01 2024-05-31 14288274 frs-bus:SmallCompaniesRegimeForAccounts 2023-09-01 2024-05-31 14288274 1 2023-09-01 2024-05-31 14288274 frs-bus:Director1 2023-09-01 2024-05-31 14288274 frs-countries:EnglandWales 2023-09-01 2024-05-31 14288274 2022-08-09 14288274 2023-08-31 14288274 2022-08-10 2023-08-31 14288274 frs-core:CurrentFinancialInstruments 2023-08-31 14288274 frs-core:ShareCapital 2023-08-31 14288274 frs-core:RetainedEarningsAccumulatedLosses 2023-08-31
Registered number: 14288274
Naik Consult Ltd
Unaudited Financial Statements
For the Period 1 September 2023 to 31 May 2024
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—3
Page 1
Balance Sheet
Registered number: 14288274
31 May 2024 31 August 2023
Notes £ £ £ £
CURRENT ASSETS
Debtors 4 10,200 -
Cash at bank and in hand 1 1
10,201 1
Creditors: Amounts Falling Due Within One Year 5 (3,027 ) -
NET CURRENT ASSETS (LIABILITIES) 7,174 1
TOTAL ASSETS LESS CURRENT LIABILITIES 7,174 1
NET ASSETS 7,174 1
CAPITAL AND RESERVES
Called up share capital 6 1 1
Profit and Loss Account 7,173 -
SHAREHOLDERS' FUNDS 7,174 1
For the period ending 31 May 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 her 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
Avni Naik
Director
30 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
Naik Consult Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 14288274 . The registered office is 21 Upper Icknield Way, Aston Clinton, Aylesbury, HP22 5NF.
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
Revenue is recognised to the extent that the company obtains the right to consideration in exchange for its performance. Revenue is measured at the fair value of the consideration received, excluding discounts, rebates, VAT and other sales taxes or duty. The following criteria must also be met before revenue is recognised:
Rendering of services
Revenue from the rendering of services is recognised at the time the service is provided to the client. Payment may be received at the time of service or shortly thereafter. For prepayments or deposits, revenue is deferred and recognised as the related services are provided.
2.3. 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 period, 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.
3. Average Number of Employees
Average number of employees, including directors, during the period was: 1 (2023: 1)
1 1
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4. Debtors
31 May 2024 31 August 2023
£ £
Due within one year
Amounts owed by other related parties 10,200 -
5. Creditors: Amounts Falling Due Within One Year
31 May 2024 31 August 2023
£ £
Corporation tax 1,683 -
Accruals and deferred income 360 -
Director's loan account 984 -
3,027 -
6. Share Capital
31 May 2024 31 August 2023
£ £
Allotted, Called up and fully paid 1 1
7. Related Party Transactions
Included in creditors due within one year is an amount of £984 owed to its director. The amount is interest free and repayable on demand.
Included in debtors due within one year is an amount of £10,200 owed by a company in which director has beneficial interest. The amount is interest free and repayable on demand.
8. Ultimate Controlling Party
The company's ultimate controlling party is director by virtue of the ownership of 100% of the issued share capital in the company.
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