Acorah Software Products - Accounts Production 16.3.350 false true 30 November 2023 1 December 2022 false 1 December 2023 30 November 2024 30 November 2024 11701188 Mr Nasar Rehman iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 11701188 2023-11-30 11701188 2024-11-30 11701188 2023-12-01 2024-11-30 11701188 frs-core:CurrentFinancialInstruments 2024-11-30 11701188 frs-core:Non-currentFinancialInstruments 2024-11-30 11701188 frs-core:ComputerEquipment 2024-11-30 11701188 frs-core:ComputerEquipment 2023-12-01 2024-11-30 11701188 frs-core:ComputerEquipment 2023-11-30 11701188 frs-core:FurnitureFittings 2024-11-30 11701188 frs-core:FurnitureFittings 2023-12-01 2024-11-30 11701188 frs-core:FurnitureFittings 2023-11-30 11701188 frs-core:MoreThanFiveYears 2024-11-30 11701188 frs-core:MotorVehicles 2024-11-30 11701188 frs-core:MotorVehicles 2023-12-01 2024-11-30 11701188 frs-core:MotorVehicles 2023-11-30 11701188 frs-core:WithinOneYear 2024-11-30 11701188 frs-core:ShareCapital 2024-11-30 11701188 frs-core:RetainedEarningsAccumulatedLosses 2024-11-30 11701188 frs-bus:PrivateLimitedCompanyLtd 2023-12-01 2024-11-30 11701188 frs-bus:FilletedAccounts 2023-12-01 2024-11-30 11701188 frs-bus:SmallEntities 2023-12-01 2024-11-30 11701188 frs-bus:AuditExempt-NoAccountantsReport 2023-12-01 2024-11-30 11701188 frs-bus:SmallCompaniesRegimeForAccounts 2023-12-01 2024-11-30 11701188 frs-bus:Director1 2023-12-01 2024-11-30 11701188 frs-core:CurrentFinancialInstruments 1 2024-11-30 11701188 frs-countries:EnglandWales 2023-12-01 2024-11-30 11701188 2022-11-30 11701188 2023-11-30 11701188 2022-12-01 2023-11-30 11701188 frs-core:CurrentFinancialInstruments 2023-11-30 11701188 frs-core:Non-currentFinancialInstruments 2023-11-30 11701188 frs-core:MoreThanFiveYears 2023-11-30 11701188 frs-core:WithinOneYear 2023-11-30 11701188 frs-core:ShareCapital 2023-11-30 11701188 frs-core:RetainedEarningsAccumulatedLosses 2023-11-30 11701188 frs-core:CurrentFinancialInstruments 1 2023-11-30
Registered number: 11701188
ASAP Staffing Ltd
Unaudited Financial Statements
For The Year Ended 30 November 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 11701188
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 87,737 109,425
87,737 109,425
CURRENT ASSETS
Debtors 5 1,298,295 1,189,279
Cash at bank and in hand 210,538 282,623
1,508,833 1,471,902
Creditors: Amounts Falling Due Within One Year 6 (1,019,510 ) (915,852 )
NET CURRENT ASSETS (LIABILITIES) 489,323 556,050
TOTAL ASSETS LESS CURRENT LIABILITIES 577,060 665,475
Creditors: Amounts Falling Due After More Than One Year 7 (57,232 ) (85,410 )
NET ASSETS 519,828 580,065
CAPITAL AND RESERVES
Called up share capital 9 100 100
Profit and Loss Account 519,728 579,965
SHAREHOLDERS' FUNDS 519,828 580,065
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Page 2
For the year ending 30 November 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 Nasar Rehman
Director
24/07/2025
The notes on pages 3 to 5 form part of these financial statements.
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Page 3
Notes to the Financial Statements
1. General Information
ASAP Staffing Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 11701188 . The registered office is Cubix 42-50, Kimpton Road, Luton, LU2 0FP.
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, excluding discounts, rebates,
value added tax and other sales taxes.
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% on reducing balance
Fixtures & Fittings 20% on cost
Computer Equipment 20% on cost
2.4. Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income extent 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 substantively enacted by the balance sheet date.
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not sheet date.
Timing differences arise from the inclusion of income and expenses in tax assessments those in which they are recognised in financial statements. Deferred tax is measured using have been enacted or substantively enacted by the year end and that are expected to apply timing difference.
Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it be recovered against the reversal of deferred tax liabilities or other future taxable profits.
2.5. Pensions
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 15 (2023: 16)
15 16
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4. Tangible Assets
Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 December 2023 120,675 1,654 22,077 144,406
Additions - 8,795 11,624 20,419
Disposals (20,000 ) - - (20,000 )
As at 30 November 2024 100,675 10,449 33,701 144,825
Depreciation
As at 1 December 2023 30,938 165 3,878 34,981
Provided during the period 20,354 1,579 5,611 27,544
Disposals (5,437 ) - - (5,437 )
As at 30 November 2024 45,855 1,744 9,489 57,088
Net Book Value
As at 30 November 2024 54,820 8,705 24,212 87,737
As at 1 December 2023 89,737 1,489 18,199 109,425
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 1,147,567 1,109,172
Prepayments and accrued income 26,698 11,327
Other debtors - 5,012
Amounts owed by group undertakings 124,030 63,768
1,298,295 1,189,279
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 9,709 12,570
Trade creditors 604,320 774,087
Corporation tax 8,617 4,670
Other taxes and social security 12,912 16,396
VAT 23,701 22,963
Net wages - 30,374
Pension 1,381 1,645
Credit Card 36,760 4,750
Accruals and deferred income 322,110 48,397
1,019,510 915,852
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 57,232 85,410
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8. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year 9,709 12,570
Later than five years 57,232 85,410
66,941 97,980
66,941 97,980
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
10. Contingent Liabilities
Post balance sheet date, the Company is in a pending legal dispute. As the case is pending and the outcome and any estimated amount is unknown, a contingent liability of up to £35,675 is recognised for the year ended 30 November 2024 and £35,675 for the year ended 30 November 2025.
11. Related Party Transactions
As at the year ending 30 November 2024 Techlink Partners Limited owed £124,030 (2023: £61,145) to ASAP Staffing Ltd. Mr N Rehman is also a director of Techlink Partners Limited.
With regards to ASAP Staffing Europe Limited, the company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group per section 33.1A of FRS102.
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