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 05235421 Mr S Jiwa Mr Shamir Jiwa true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 05235421 2023-09-30 05235421 2024-09-30 05235421 2023-10-01 2024-09-30 05235421 frs-core:CurrentFinancialInstruments 2024-09-30 05235421 frs-core:Non-currentFinancialInstruments 2024-09-30 05235421 frs-core:ComputerEquipment 2024-09-30 05235421 frs-core:ComputerEquipment 2023-10-01 2024-09-30 05235421 frs-core:ComputerEquipment 2023-09-30 05235421 frs-core:FurnitureFittings 2024-09-30 05235421 frs-core:FurnitureFittings 2023-10-01 2024-09-30 05235421 frs-core:FurnitureFittings 2023-09-30 05235421 frs-core:ShareCapital 2024-09-30 05235421 frs-core:RetainedEarningsAccumulatedLosses 2024-09-30 05235421 frs-bus:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 05235421 frs-bus:FilletedAccounts 2023-10-01 2024-09-30 05235421 frs-bus:SmallEntities 2023-10-01 2024-09-30 05235421 frs-bus:AuditExempt-NoAccountantsReport 2023-10-01 2024-09-30 05235421 frs-bus:SmallCompaniesRegimeForAccounts 2023-10-01 2024-09-30 05235421 1 2023-10-01 2024-09-30 05235421 frs-core:UnlistedNon-exchangeTraded 2024-09-30 05235421 frs-core:UnlistedNon-exchangeTraded 2023-09-30 05235421 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2023-09-30 05235421 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2024-09-30 05235421 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2023-09-30 05235421 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2024-09-30 05235421 frs-bus:Director1 2023-10-01 2024-09-30 05235421 frs-countries:EnglandWales 2023-10-01 2024-09-30 05235421 2022-09-30 05235421 2023-09-30 05235421 2022-10-01 2023-09-30 05235421 frs-core:CurrentFinancialInstruments 2023-09-30 05235421 frs-core:Non-currentFinancialInstruments 2023-09-30 05235421 frs-core:ShareCapital 2023-09-30 05235421 frs-core:RetainedEarningsAccumulatedLosses 2023-09-30
Registered number: 05235421
Maxim Eyes (UK) Limited
Financial Statements
For The Year Ended 30 September 2024
Fairman Harris
1 Landor Road
London
SW9 9RX
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 05235421
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 3,178 -
Investments 5 249,805 249,805
252,983 249,805
CURRENT ASSETS
Debtors 6 426,656 718,544
Cash at bank and in hand 316,612 801,585
743,268 1,520,129
Creditors: Amounts Falling Due Within One Year 7 (542,829 ) (646,165 )
NET CURRENT ASSETS (LIABILITIES) 200,439 873,964
TOTAL ASSETS LESS CURRENT LIABILITIES 453,422 1,123,769
Creditors: Amounts Falling Due After More Than One Year 8 - (137,500 )
NET ASSETS 453,422 986,269
CAPITAL AND RESERVES
Called up share capital 9 301 301
Profit and Loss Account 453,121 985,968
SHAREHOLDERS' FUNDS 453,422 986,269
Page 1
Page 2
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 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 S Jiwa
Director
27 June 2025
The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Maxim Eyes (UK) Limited is a private company, limited by shares, incorporated in England & Wales, registered number 05235421 . The registered office is 3rd Floor, 56-58 High Street, Sutton, Surrey SM1 1EZ.
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.
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:
Fixtures & Fittings 25% Reducing Balance
Computer Equipment 25% 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: 30 (2023: 26)
30 26
Page 3
Page 4
4. Tangible Assets
Fixtures & Fittings Computer Equipment Total
£ £ £
Cost
As at 1 October 2023 - - -
Additions 3,657 1,160 4,817
As at 30 September 2024 3,657 1,160 4,817
Depreciation
As at 1 October 2023 - - -
Provided during the period 914 725 1,639
As at 30 September 2024 914 725 1,639
Net Book Value
As at 30 September 2024 2,743 435 3,178
As at 1 October 2023 - - -
5. Investments
Unlisted
£
Cost
As at 1 October 2023 249,805
As at 30 September 2024 249,805
Provision
As at 1 October 2023 -
As at 30 September 2024 -
Net Book Value
As at 30 September 2024 249,805
As at 1 October 2023 249,805
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 81,967 111,102
Prepayments and accrued income 78,008 56,078
Other debtors 115,949 404,713
Other taxes and social security 1,533 -
277,457 571,893
Due after more than one year
Other debtors 149,199 146,651
426,656 718,544
Page 4
Page 5
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 8,357 46,626
Bank loans and overdrafts - 100,000
Corporation tax 236,246 188,181
Other taxes and social security - 3,328
VAT 63,771 74,616
Other creditors 229,579 218,934
Accruals and deferred income 2,175 14,480
Amounts owed to associates 2,701 -
542,829 646,165
The loan above has been secured towards the assets held by the business.
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans - 137,500
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 301 301
10. Related Party Transactions
Kai Investments Limited 
Common director and shareholder
Intercompany balance: Dr £18,541, (2023: Dr £1,417)
Energ-Eyes Limited
Common director and shareholder
Intercompany balance: DR £6,446, (2023:Dr £3,715)
Azmina Limited
Common director and shareholder
Intercompany balance: Dr £51,910, ( 2023: Dr £51,399)
Myswitchpro Limited
Common director and shareholder
Intercompany balance: Dr £149,199, (2023: Dr £146,651)
Myswitchpro Two Limited
Common director and Shareholder
Intercompany balance: Dr £4,824, (2023 DR £200)
Optimeyes Energy Limited
Common director and shareholder
Intercompany balance: Dr £36,810, (2023: Dr £54,810)
Optimeyes Investments Limited
Intercompany balance: Dr £33,136, (2023: Dr £33,136)
Ais Utilities Limited
Intercompany balance: Cr £2,701, (2023: Dr £33,400)
TMEG Management Limited
Common director and shareholder
Intercompany balance: Dr £150,000, ( 2023: Dr 120,000)
...CONTINUED
Page 5
Page 6
10. Related Party Transactions - continued
KNV Investment Limited
Common director and shareholder
Intercompany balance: Dr ££76,884, (2023: DR £76,884)
Maxim Eyes Operations Limited 
Common director and shareholder
Intercompany balance: DR £300, (2023 Dr £100)
Aspire Js Limited
Common director and shareholder
Intercompany balance: Dr £26,128, (2023: Dr £26,000)
11. Ultimate Controlling Party
The company's ultimate controlling party is Mr Shamir Jiwa by virtue of his ownership of 100% of the issued share capital in the company.
Page 6