Acorah Software Products - Accounts Production 16.3.350 false true 31 December 2023 1 January 2023 false 1 January 2024 31 December 2024 31 December 2024 08645231 Mr Manoj Solanki Mrs Sarah Solanki iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 08645231 2023-12-31 08645231 2024-12-31 08645231 2024-01-01 2024-12-31 08645231 frs-core:CurrentFinancialInstruments 2024-12-31 08645231 frs-core:Non-currentFinancialInstruments 2024-12-31 08645231 frs-core:ComputerEquipment 2024-12-31 08645231 frs-core:ComputerEquipment 2024-01-01 2024-12-31 08645231 frs-core:ComputerEquipment 2023-12-31 08645231 frs-core:FurnitureFittings 2024-12-31 08645231 frs-core:FurnitureFittings 2024-01-01 2024-12-31 08645231 frs-core:FurnitureFittings 2023-12-31 08645231 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-12-31 08645231 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-01-01 2024-12-31 08645231 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-12-31 08645231 frs-core:ShareCapital 2024-12-31 08645231 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 08645231 frs-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 08645231 frs-bus:FilletedAccounts 2024-01-01 2024-12-31 08645231 frs-bus:SmallEntities 2024-01-01 2024-12-31 08645231 frs-bus:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 08645231 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 08645231 frs-bus:Director1 2024-01-01 2024-12-31 08645231 frs-bus:Director2 2024-01-01 2024-12-31 08645231 frs-countries:EnglandWales 2024-01-01 2024-12-31 08645231 2022-12-31 08645231 2023-12-31 08645231 2023-01-01 2023-12-31 08645231 frs-core:CurrentFinancialInstruments 2023-12-31 08645231 frs-core:Non-currentFinancialInstruments 2023-12-31 08645231 frs-core:ShareCapital 2023-12-31 08645231 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31
Registered number: 08645231
Shortkuts Limited
Unaudited Financial Statements
For The Year Ended 31 December 2024
Alderton Accountancy Limited
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 08645231
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 25,017 35,167
25,017 35,167
CURRENT ASSETS
Stocks 1,550 1,050
Debtors 5 52,947 62,052
Cash at bank and in hand 38,643 40,780
93,140 103,882
Creditors: Amounts Falling Due Within One Year 6 (65,005 ) (60,004 )
NET CURRENT ASSETS (LIABILITIES) 28,135 43,878
TOTAL ASSETS LESS CURRENT LIABILITIES 53,152 79,045
Creditors: Amounts Falling Due After More Than One Year 7 (15,000 ) (24,167 )
NET ASSETS 38,152 54,878
CAPITAL AND RESERVES
Called up share capital 8 100 100
Profit and Loss Account 38,052 54,778
SHAREHOLDERS' FUNDS 38,152 54,878
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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 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
Mr Manoj Solanki
Director
07/03/2025
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
Shortkuts Limited is a private company, limited by shares, incorporated in England & Wales, registered number 08645231 . The registered office is 45/47 Queen Victoria Street, London, EC4N 4SF.
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.
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:
Leasehold 10% Straight line method
Fixtures & Fittings 25% Reducing balance method
Computer Equipment 25% Reducing balance method
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. Financial Instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.
Basic financial instruments are initially recognised at the transaction price and are subsequently measured as follows: Debt instruments are subsequently measured at amortised cost and commitments to receive a loan and to make a loan to another entity are subsequently measured at amortised cost. Where investments in non-convertible preference shares and non-puttable ordinary shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in profit or loss. All other such investments are subsequently measured at cost less impairment.
All other financial instruments, including derivatives, are initially recognised at fair value, which is normally the transaction price and are subsequently measured at fair value, with any changes recognised in profit or loss.
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately.
All equity instruments regardless of significance, and other financial assets that are individually significant, are assessed individually for impairment. Other financial assets or either assessed individually or grouped on the basis of similar credit risk characteristics.
Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.
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2.6. Taxation
Current tax is recognised on taxable profit for the current and past periods. Current tax is measured atthe amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
2.7. 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.
2.8. Impairment
A review for indicators of impairment is carried out at each reporting date, with the recoverable amountbeing estimated where such indicators exist. Where the carrying value exceeds the recoverable amount the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 10 (2023: 7)
10 7
4. Tangible Assets
Land & Property
Leasehold Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 January 2024 45,703 90,340 16,878 152,921
Additions - - 441 441
Disposals (20,285 ) - - (20,285 )
As at 31 December 2024 25,418 90,340 17,319 133,077
Depreciation
As at 1 January 2024 34,332 71,099 12,323 117,754
Provided during the period 4,593 4,810 1,188 10,591
Disposals (20,285 ) - - (20,285 )
As at 31 December 2024 18,640 75,909 13,511 108,060
Net Book Value
As at 31 December 2024 6,778 14,431 3,808 25,017
As at 1 January 2024 11,371 19,241 4,555 35,167
5. Debtors
2024 2023
£ £
Due within one year
Other debtors 52,947 62,052
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 677 -
Other creditors 40,455 43,170
Taxation and social security 23,873 16,834
65,005 60,004
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7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 15,000 24,167
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
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