Acorah Software Products - Accounts Production 16.3.350 false true 31 July 2023 1 August 2022 false 1 August 2023 31 July 2024 31 July 2024 09678718 Mr Mohamed Amin Adat iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 09678718 2023-07-31 09678718 2024-07-31 09678718 2023-08-01 2024-07-31 09678718 frs-core:CurrentFinancialInstruments 2024-07-31 09678718 frs-core:FurnitureFittings 2024-07-31 09678718 frs-core:FurnitureFittings 2023-08-01 2024-07-31 09678718 frs-core:FurnitureFittings 2023-07-31 09678718 frs-core:ShareCapital 2024-07-31 09678718 frs-core:RetainedEarningsAccumulatedLosses 2024-07-31 09678718 frs-bus:PrivateLimitedCompanyLtd 2023-08-01 2024-07-31 09678718 frs-bus:FilletedAccounts 2023-08-01 2024-07-31 09678718 frs-bus:SmallEntities 2023-08-01 2024-07-31 09678718 frs-bus:AuditExempt-NoAccountantsReport 2023-08-01 2024-07-31 09678718 frs-bus:SmallCompaniesRegimeForAccounts 2023-08-01 2024-07-31 09678718 frs-core:UnlistedNon-exchangeTraded 2024-07-31 09678718 frs-core:UnlistedNon-exchangeTraded 2023-07-31 09678718 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2023-07-31 09678718 frs-core:DisposalsRepaymentsInvestments frs-core:UnlistedNon-exchangeTraded 2024-07-31 09678718 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2024-07-31 09678718 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2023-07-31 09678718 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2024-07-31 09678718 frs-bus:Director1 2023-08-01 2024-07-31 09678718 frs-countries:EnglandWales 2023-08-01 2024-07-31 09678718 2022-07-31 09678718 2023-07-31 09678718 2022-08-01 2023-07-31 09678718 frs-core:CurrentFinancialInstruments 2023-07-31 09678718 frs-core:ShareCapital 2023-07-31 09678718 frs-core:RetainedEarningsAccumulatedLosses 2023-07-31
Registered number: 09678718
Your Everyday Accounts Ltd
Unaudited Financial Statements
For The Year Ended 31 July 2024
Contents
Page
Company Information 1
Balance Sheet 2
Notes to the Financial Statements 3—5
Page 1
Company Information
Director Mr Mohamed Amin Adat
Company Number 09678718
Registered Office 63/66 Hatton Garden
Fifth Floor, Suite 23
London
EC1N 8LE
Accountants Your Everyday Accounts Ltd
63/66 Hatton Garden
Fifth Floor, Suite 23
London
EC1N 8LE
Page 1
Page 2
Balance Sheet
Registered number: 09678718
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 10,668 -
Investments 5 6,801 7,000
17,469 7,000
CURRENT ASSETS
Debtors 6 386,224 24,277
Cash at bank and in hand 34,523 21,841
420,747 46,118
Creditors: Amounts Falling Due Within One Year 7 (375,188 ) (29,063 )
NET CURRENT ASSETS (LIABILITIES) 45,559 17,055
TOTAL ASSETS LESS CURRENT LIABILITIES 63,028 24,055
NET ASSETS 63,028 24,055
CAPITAL AND RESERVES
Called up share capital 8 100 100
Profit and Loss Account 62,928 23,955
SHAREHOLDERS' FUNDS 63,028 24,055
For the year ending 31 July 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 Mohamed Amin Adat
Director
05/06/2025
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
Your Everyday Accounts Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 09678718 . The registered office is 63/66 Hatton Garden, Fifth Floor, Suite 23, London, EC1N 8LE.
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:
Fixtures & Fittings 15% RBB
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.
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 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: 4 (2023: 8)
4 8
Page 3
Page 4
4. Tangible Assets
Fixtures & Fittings
£
Cost
As at 1 August 2023 -
Additions 10,668
As at 31 July 2024 10,668
Net Book Value
As at 31 July 2024 10,668
As at 1 August 2023 -
5. Investments
Unlisted
£
Cost
As at 1 August 2023 7,000
Disposals (199 )
As at 31 July 2024 6,801
Provision
As at 1 August 2023 -
As at 31 July 2024 -
Net Book Value
As at 31 July 2024 6,801
As at 1 August 2023 7,000
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 319,109 24,277
Prepayments and accrued income 62,115 -
Other debtors 5,000 -
386,224 24,277
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Page 5
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 219,256 (5,464 )
Corporation tax 8,986 9,471
Other taxes and social security 13,314 7,414
VAT 88,864 20,347
Other creditors 2,300 (8,442 )
Accruals and deferred income 703 703
Director's loan account 41,765 5,034
375,188 29,063
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
Page 5