Acorah Software Products - Accounts Production 16.3.350 false true 30 September 2023 1 October 2022 false 1 October 2023 30 September 2024 30 September 2024 8212816 Dr Nektarios Kouvarakis Mrs Angeliki Vangopoulou MR. Graham Soar iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 8212816 2023-09-30 8212816 2024-09-30 8212816 2023-10-01 2024-09-30 8212816 frs-core:CurrentFinancialInstruments 2024-09-30 8212816 frs-core:ComputerEquipment 2024-09-30 8212816 frs-core:ComputerEquipment 2023-10-01 2024-09-30 8212816 frs-core:ComputerEquipment 2023-09-30 8212816 frs-core:FurnitureFittings 2024-09-30 8212816 frs-core:FurnitureFittings 2023-10-01 2024-09-30 8212816 frs-core:FurnitureFittings 2023-09-30 8212816 frs-core:MotorVehicles 2024-09-30 8212816 frs-core:MotorVehicles 2023-10-01 2024-09-30 8212816 frs-core:MotorVehicles 2023-09-30 8212816 frs-core:PlantMachinery 2024-09-30 8212816 frs-core:PlantMachinery 2023-10-01 2024-09-30 8212816 frs-core:PlantMachinery 2023-09-30 8212816 frs-core:ShareCapital 2024-09-30 8212816 frs-core:RetainedEarningsAccumulatedLosses 2024-09-30 8212816 frs-bus:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 8212816 frs-bus:FilletedAccounts 2023-10-01 2024-09-30 8212816 frs-bus:SmallEntities 2023-10-01 2024-09-30 8212816 frs-bus:AuditExempt-NoAccountantsReport 2023-10-01 2024-09-30 8212816 frs-bus:SmallCompaniesRegimeForAccounts 2023-10-01 2024-09-30 8212816 frs-bus:Director1 2023-10-01 2024-09-30 8212816 frs-bus:Director2 2023-10-01 2024-09-30 8212816 frs-bus:CompanySecretary1 2023-10-01 2024-09-30 8212816 frs-core:CurrentFinancialInstruments 1 2024-09-30 8212816 frs-countries:EnglandWales 2023-10-01 2024-09-30 8212816 2022-09-30 8212816 2023-09-30 8212816 2022-10-01 2023-09-30 8212816 frs-core:CurrentFinancialInstruments 2023-09-30 8212816 frs-core:ShareCapital 2023-09-30 8212816 frs-core:RetainedEarningsAccumulatedLosses 2023-09-30 8212816 frs-core:CurrentFinancialInstruments 1 2023-09-30
Registered number: 8212816
NECTARIOS KOUVARAKIS LIMITED
Unaudited Financial Statements
For The Year Ended 30 September 2024
HAG Accounting Services LTD
Owl Lodge
Tubwell Lane
Crowborough
East Sussex
TN6 3RN
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—3
Page 1
Balance Sheet
Registered number: 8212816
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 4,319 5,398
4,319 5,398
CURRENT ASSETS
Debtors 5 17,753 5,416
Cash at bank and in hand 40,964 44,367
58,717 49,783
Creditors: Amounts Falling Due Within One Year 6 (9,893 ) (6,814 )
NET CURRENT ASSETS (LIABILITIES) 48,824 42,969
TOTAL ASSETS LESS CURRENT LIABILITIES 53,143 48,367
NET ASSETS 53,143 48,367
CAPITAL AND RESERVES
Called up share capital 7 10 10
Profit and Loss Account 53,133 48,357
SHAREHOLDERS' FUNDS 53,143 48,367
For the year ending 30 September 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
Dr Nektarios Kouvarakis
Director
23rd June 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
NECTARIOS KOUVARAKIS LIMITED is a private company, limited by shares, incorporated in England & Wales, registered number 8212816 . The registered office is Mistral, Clackhams Lane, Crowborough, East Sussex, TN6 3RN.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
2.2. Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at cost less depreciation. 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:
Plant & Machinery 20% Reducing balance
Motor Vehicles 20% Reducing balance
Fixtures & Fittings 20% Reducing balance
Computer Equipment 33.33% Straight line
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:
2024 2023
Office and administration 1 1
1 1
Page 2
Page 3
4. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 October 2023 1,113 26,497 1,000 1,500 30,110
As at 30 September 2024 1,113 26,497 1,000 1,500 30,110
Depreciation
As at 1 October 2023 927 21,371 914 1,500 24,712
Provided during the period 37 1,025 17 - 1,079
As at 30 September 2024 964 22,396 931 1,500 25,791
Net Book Value
As at 30 September 2024 149 4,101 69 - 4,319
As at 1 October 2023 186 5,126 86 - 5,398
5. Debtors
2024 2023
£ £
Due within one year
Directors' loan accounts 17,753 5,416
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Corporation tax 9,365 5,540
Other creditors - 1,274
Other creditors Accountant 528 -
9,893 6,814
7. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 10 10
8. Dividends
2024 2023
£ £
On equity shares:
Final dividend paid 35,000 7,500
The directors recomcond and have approved a dividend of £36000.00 to be paid to Mrs ANGELIKI VANGOPOULOU and £2200.00 To Dr NEKTARIOS KOUVARAKIS
Page 3