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 08213665 A I Ibrahim iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 08213665 2023-09-30 08213665 2024-09-30 08213665 2023-10-01 2024-09-30 08213665 frs-core:CurrentFinancialInstruments 2024-09-30 08213665 frs-core:Non-currentFinancialInstruments 2024-09-30 08213665 frs-core:ComputerEquipment 2024-09-30 08213665 frs-core:ComputerEquipment 2023-10-01 2024-09-30 08213665 frs-core:ComputerEquipment 2023-09-30 08213665 frs-core:MotorVehicles 2024-09-30 08213665 frs-core:MotorVehicles 2023-10-01 2024-09-30 08213665 frs-core:MotorVehicles 2023-09-30 08213665 frs-core:PlantMachinery 2024-09-30 08213665 frs-core:PlantMachinery 2023-10-01 2024-09-30 08213665 frs-core:PlantMachinery 2023-09-30 08213665 frs-core:ShareCapital 2024-09-30 08213665 frs-core:RetainedEarningsAccumulatedLosses 2024-09-30 08213665 frs-bus:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 08213665 frs-bus:FilletedAccounts 2023-10-01 2024-09-30 08213665 frs-bus:SmallEntities 2023-10-01 2024-09-30 08213665 frs-bus:AuditExempt-NoAccountantsReport 2023-10-01 2024-09-30 08213665 frs-bus:SmallCompaniesRegimeForAccounts 2023-10-01 2024-09-30 08213665 frs-bus:Director1 2023-10-01 2024-09-30 08213665 frs-bus:Director1 2023-09-30 08213665 frs-bus:Director1 2024-09-30 08213665 frs-countries:EnglandWales 2023-10-01 2024-09-30 08213665 2022-09-30 08213665 2023-09-30 08213665 2022-10-01 2023-09-30 08213665 frs-core:CurrentFinancialInstruments 2023-09-30 08213665 frs-core:Non-currentFinancialInstruments 2023-09-30 08213665 frs-core:ShareCapital 2023-09-30 08213665 frs-core:RetainedEarningsAccumulatedLosses 2023-09-30
Registered number: 08213665
Shucity Ltd
Financial Statements
For The Year Ended 30 September 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 08213665
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 20,621 7,050
20,621 7,050
CURRENT ASSETS
Stocks 5 84,293 71,032
Debtors 6 489,263 291,182
Cash at bank and in hand 227,098 181,475
800,654 543,689
Creditors: Amounts Falling Due Within One Year 7 (654,711 ) (439,223 )
NET CURRENT ASSETS (LIABILITIES) 145,943 104,466
TOTAL ASSETS LESS CURRENT LIABILITIES 166,564 111,516
Creditors: Amounts Falling Due After More Than One Year 8 (18,333 ) (38,333 )
NET ASSETS 148,231 73,183
CAPITAL AND RESERVES
Called up share capital 9 100 100
Profit and Loss Account 148,131 73,083
SHAREHOLDERS' FUNDS 148,231 73,183
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
A I Ibrahim
Director
18th June 2025
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Shucity Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 08213665 . The registered office is 109 Coleman Road, Leicester, LE5 4LE.
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. 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:
Plant & Machinery 20% RB
Motor Vehicles 20% RB
Office Equipment 15% SB
2.4. 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.
2.5. Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the entent that it relates to items recognised in other comprehensive income or directly in equity. 
Current or deferred taxation assets and liabilities are not discounted. 
Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substabtively enacted by the statement of financial position date.  
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 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.
2.6. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 8 (2023: 6)
8 6
Page 3
Page 4
4. Tangible Assets
Plant & Machinery Motor Vehicles Office Equipment Total
£ £ £ £
Cost
As at 1 October 2023 3,600 5,596 11,553 20,749
Additions - 18,007 2,165 20,172
As at 30 September 2024 3,600 23,603 13,718 40,921
Depreciation
As at 1 October 2023 720 3,765 9,214 13,699
Provided during the period 576 3,967 2,058 6,601
As at 30 September 2024 1,296 7,732 11,272 20,300
Net Book Value
As at 30 September 2024 2,304 15,871 2,446 20,621
As at 1 October 2023 2,880 1,831 2,339 7,050
5. Stocks
2024 2023
£ £
Stock 84,293 71,032
6. Debtors
2024 2023
£ £
Due within one year
Amounts owed by group undertakings 467,159 262,159
Other debtors 22,104 29,023
489,263 291,182
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 532,223 384,206
Bank loans and overdrafts 24,821 20,000
Other creditors 16,191 6,511
Taxation and social security 81,476 28,506
654,711 439,223
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 18,333 38,333
Page 4
Page 5
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
10. Directors Advances, Credits and Guarantees
The following advances and credits to directors subsisted during the current and prior periods:
As at 1 October 2023 Amounts advanced Amounts repaid Amounts written off As at 30 September 2024
£ £ £ £ £
Mr Abubaker Ibrahim (2,980 ) 17,563 (20,545 ) - (5,962 )
The above loan is interest free and repayable on demand.
Page 5