Acorah Software Products - Accounts Production 16.4.675 false true 31 July 2023 1 August 2022 false 1 August 2023 31 July 2024 31 July 2024 07329452 Ms Sylvia N Luttaya Mr Robert Kayondo iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 07329452 2023-07-31 07329452 2024-07-31 07329452 2023-08-01 2024-07-31 07329452 frs-core:CurrentFinancialInstruments 2024-07-31 07329452 frs-core:Non-currentFinancialInstruments 2024-07-31 07329452 frs-core:FurnitureFittings 2024-07-31 07329452 frs-core:FurnitureFittings 2023-08-01 2024-07-31 07329452 frs-core:FurnitureFittings 2023-07-31 07329452 frs-core:MotorVehicles 2024-07-31 07329452 frs-core:MotorVehicles 2023-08-01 2024-07-31 07329452 frs-core:MotorVehicles 2023-07-31 07329452 frs-core:ShareCapital 2024-07-31 07329452 frs-core:RetainedEarningsAccumulatedLosses 2024-07-31 07329452 frs-bus:PrivateLimitedCompanyLtd 2023-08-01 2024-07-31 07329452 frs-bus:FilletedAccounts 2023-08-01 2024-07-31 07329452 frs-bus:SmallEntities 2023-08-01 2024-07-31 07329452 frs-bus:AuditExempt-NoAccountantsReport 2023-08-01 2024-07-31 07329452 frs-bus:SmallCompaniesRegimeForAccounts 2023-08-01 2024-07-31 07329452 frs-bus:Director1 2023-08-01 2024-07-31 07329452 frs-bus:Director2 2023-08-01 2024-07-31 07329452 frs-countries:EnglandWales 2023-08-01 2024-07-31 07329452 2022-07-31 07329452 2023-07-31 07329452 2022-08-01 2023-07-31 07329452 frs-core:CurrentFinancialInstruments 2023-07-31 07329452 frs-core:Non-currentFinancialInstruments 2023-07-31 07329452 frs-core:ShareCapital 2023-07-31 07329452 frs-core:RetainedEarningsAccumulatedLosses 2023-07-31
Registered number: 07329452
Sahara Promotions Limited
Unaudited Financial Statements
For The Year Ended 31 July 2024
Augustus & Co
Chartered Certified Accountants
374 Ley Street
Ilford
Essex
IG1 4AE
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—3
Page 1
Balance Sheet
Registered number: 07329452
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 9,034 29,618
9,034 29,618
CURRENT ASSETS
Debtors 5 742,700 522,500
Cash at bank and in hand 11 104,496
742,711 626,996
Creditors: Amounts Falling Due Within One Year 6 (429,374 ) (272,516 )
NET CURRENT ASSETS (LIABILITIES) 313,337 354,480
TOTAL ASSETS LESS CURRENT LIABILITIES 322,371 384,098
Creditors: Amounts Falling Due After More Than One Year 7 (358,816 ) (331,463 )
NET (LIABILITIES)/ASSETS (36,445 ) 52,635
CAPITAL AND RESERVES
Called up share capital 8 100 100
Profit and Loss Account (36,545 ) 52,535
SHAREHOLDERS' FUNDS (36,445) 52,635
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 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
Ms Sylvia N Luttaya
Director
18 July 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
Sahara Promotions Limited is a private company, limited by shares, incorporated in England & Wales, registered number 07329452 . The registered office is 374 Ley Street, Ilford, Essex, IG1 4AE.
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 10% straight line
Fixtures & Fittings 25% straight line
3. Average Number of Employees
Average number of employees, including directors, during the year was:
2024 2023
Office and administration 14 18
14 18
4. Tangible Assets
Motor Vehicles Fixtures & Fittings Total
£ £ £
Cost
As at 1 August 2023 29,716 147,367 177,083
Additions - 2,417 2,417
Disposals (29,716 ) - (29,716 )
As at 31 July 2024 - 149,784 149,784
Depreciation
As at 1 August 2023 11,887 135,578 147,465
Provided during the period - 5,172 5,172
Disposals (11,887 ) - (11,887 )
As at 31 July 2024 - 140,750 140,750
...CONTINUED
Page 2
Page 3
Net Book Value
As at 31 July 2024 - 9,034 9,034
As at 1 August 2023 17,829 11,789 29,618
5. Debtors
2024 2023
£ £
Due within one year
Other debtors 742,700 522,500
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 111,791 43,302
Bank loans and overdrafts 61,507 147,163
Corporation tax 1,488 1,488
Other taxes and social security 82,913 77,379
Accruals and deferred income - 1,119
Directors' loan accounts 171,675 2,065
429,374 272,516
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 358,816 331,463
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
Page 3