Acorah Software Products - Accounts Production 16.4.675 false true 31 December 2023 1 January 2023 false 1 January 2024 31 December 2024 31 December 2024 12364165 Mr Bogdan Kieltyka iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 12364165 2023-12-31 12364165 2024-12-31 12364165 2024-01-01 2024-12-31 12364165 frs-core:CurrentFinancialInstruments 2024-12-31 12364165 frs-core:MotorVehicles 2024-12-31 12364165 frs-core:MotorVehicles 2024-01-01 2024-12-31 12364165 frs-core:MotorVehicles 2023-12-31 12364165 frs-core:ShareCapital 2024-12-31 12364165 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 12364165 frs-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 12364165 frs-bus:FilletedAccounts 2024-01-01 2024-12-31 12364165 frs-bus:SmallEntities 2024-01-01 2024-12-31 12364165 frs-bus:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 12364165 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 12364165 frs-bus:Director1 2024-01-01 2024-12-31 12364165 frs-countries:EnglandWales 2024-01-01 2024-12-31 12364165 2022-12-31 12364165 2023-12-31 12364165 2023-01-01 2023-12-31 12364165 frs-core:CurrentFinancialInstruments 2023-12-31 12364165 frs-core:ShareCapital 2023-12-31 12364165 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31
Registered number: 12364165
Fraan Ltd
Unaudited Financial Statements
For The Year Ended 31 December 2024
N L Tuchband & Co
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—3
Page 1
Balance Sheet
Registered number: 12364165
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 17,421 23,228
17,421 23,228
CURRENT ASSETS
Debtors 5 61,753 19,472
Cash at bank and in hand 168,133 192,516
229,886 211,988
Creditors: Amounts Falling Due Within One Year 6 (84,219 ) (98,952 )
NET CURRENT ASSETS (LIABILITIES) 145,667 113,036
TOTAL ASSETS LESS CURRENT LIABILITIES 163,088 136,264
NET ASSETS 163,088 136,264
CAPITAL AND RESERVES
Called up share capital 7 100 100
Profit and Loss Account 162,988 136,164
SHAREHOLDERS' FUNDS 163,088 136,264
For the year ending 31 December 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 Bogdan Kieltyka
Director
25/04/2025
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
Fraan Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 12364165 . The registered office is 11 Parkfields Avenue, The Hyde, London, NW9 7PG.
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:
Motor Vehicles 25% pa reducing balance
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 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.
Current and deferred tax are recognised in profit or loss for the year, 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 year was: 1 (2023: 1)
1 1
4. Tangible Assets
Motor Vehicles
£
Cost
As at 1 January 2024 26,547
As at 31 December 2024 26,547
...CONTINUED
Page 2
Page 3
Depreciation
As at 1 January 2024 3,319
Provided during the period 5,807
As at 31 December 2024 9,126
Net Book Value
As at 31 December 2024 17,421
As at 1 January 2024 23,228
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 60,003 17,722
Other debtors 1,750 1,750
61,753 19,472
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 12,542 10,452
Other creditors 9,672 9,964
Taxation and social security 62,005 78,536
84,219 98,952
7. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
Page 3