Acorah Software Products - Accounts Production 16.4.675 false true 29 February 2024 1 March 2023 false 1 March 2024 28 February 2025 28 February 2025 13192004 Rakeshkumar Patel Nikitaben Patel iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 13192004 2024-02-29 13192004 2025-02-28 13192004 2024-03-01 2025-02-28 13192004 frs-core:CurrentFinancialInstruments 2025-02-28 13192004 frs-core:Non-currentFinancialInstruments 2025-02-28 13192004 frs-core:BetweenOneFiveYears 2025-02-28 13192004 frs-core:ComputerEquipment 2025-02-28 13192004 frs-core:ComputerEquipment 2024-03-01 2025-02-28 13192004 frs-core:ComputerEquipment 2024-02-29 13192004 frs-core:FurnitureFittings 2025-02-28 13192004 frs-core:FurnitureFittings 2024-03-01 2025-02-28 13192004 frs-core:FurnitureFittings 2024-02-29 13192004 frs-core:NetGoodwill 2025-02-28 13192004 frs-core:NetGoodwill 2024-03-01 2025-02-28 13192004 frs-core:NetGoodwill 2024-02-29 13192004 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2025-02-28 13192004 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-03-01 2025-02-28 13192004 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-02-29 13192004 frs-core:ShareCapital 2025-02-28 13192004 frs-core:RetainedEarningsAccumulatedLosses 2025-02-28 13192004 frs-bus:PrivateLimitedCompanyLtd 2024-03-01 2025-02-28 13192004 frs-bus:FilletedAccounts 2024-03-01 2025-02-28 13192004 frs-bus:SmallEntities 2024-03-01 2025-02-28 13192004 frs-bus:AuditExempt-NoAccountantsReport 2024-03-01 2025-02-28 13192004 frs-bus:SmallCompaniesRegimeForAccounts 2024-03-01 2025-02-28 13192004 frs-bus:Director1 2024-03-01 2025-02-28 13192004 frs-bus:Director2 2024-03-01 2025-02-28 13192004 frs-countries:EnglandWales 2024-03-01 2025-02-28 13192004 2023-02-28 13192004 2024-02-29 13192004 2023-03-01 2024-02-29 13192004 frs-core:CurrentFinancialInstruments 2024-02-29 13192004 frs-core:Non-currentFinancialInstruments 2024-02-29 13192004 frs-core:BetweenOneFiveYears 2024-02-29 13192004 frs-core:ShareCapital 2024-02-29 13192004 frs-core:RetainedEarningsAccumulatedLosses 2024-02-29
Registered number: 13192004
OM SAI SHREE CO. LIMITED
Unaudited Financial Statements
For The Year Ended 28 February 2025
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 13192004
2025 2024
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 75,000 75,000
Tangible Assets 5 299,495 21,621
374,495 96,621
CURRENT ASSETS
Stocks 6 74,650 76,494
Debtors 7 46,180 47,460
Cash at bank and in hand 103,183 117,725
224,013 241,679
Creditors: Amounts Falling Due Within One Year 8 (255,181 ) (224,084 )
NET CURRENT ASSETS (LIABILITIES) (31,168 ) 17,595
TOTAL ASSETS LESS CURRENT LIABILITIES 343,327 114,216
Creditors: Amounts Falling Due After More Than One Year 9 (186,274 ) (11,892 )
NET ASSETS 157,053 102,324
CAPITAL AND RESERVES
Called up share capital 11 100 100
Profit and Loss Account 156,953 102,224
SHAREHOLDERS' FUNDS 157,053 102,324
Page 1
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For the year ending 28 February 2025 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
Rakeshkumar Patel
Director
17/07/2025
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
OM SAI SHREE CO. LIMITED is a private company, limited by shares, incorporated in England & Wales, registered number 13192004 . The registered office is 120 Cavendish Place, Eastbourne, East Sussex, BN21 3TZ.
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. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of NIL years.
2.4. 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:
Freehold 0% Straight line method
Fixtures & Fittings 25% reducing balance method
Computer Equipment 33.33% reducing balance method
2.5. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.
2.6. 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.
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2.7. 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: 3 (2024: 4)
3 4
4. Intangible Assets
Goodwill
£
Cost
As at 1 March 2024 75,000
As at 28 February 2025 75,000
Net Book Value
As at 28 February 2025 75,000
As at 1 March 2024 75,000
5. Tangible Assets
Land & Property
Freehold Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 March 2024 - 45,000 - 45,000
Additions 282,076 404 900 283,380
As at 28 February 2025 282,076 45,404 900 328,380
Depreciation
As at 1 March 2024 - 23,379 - 23,379
Provided during the period - 5,431 75 5,506
As at 28 February 2025 - 28,810 75 28,885
...CONTINUED
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Net Book Value
As at 28 February 2025 282,076 16,594 825 299,495
As at 1 March 2024 - 21,621 - 21,621
6. Stocks
2025 2024
£ £
Finished goods 74,650 76,494
7. Debtors
2025 2024
£ £
Due within one year
Prepayments and accrued income 537 1,817
Other debtors 45,530 45,530
Other taxes and social security 113 113
46,180 47,460
8. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 8,467 4,566
Corporation tax 23,356 20,883
VAT 2,440 4,434
Net wages 183 -
Accruals and deferred income - 561
Directors' loan accounts 220,735 193,640
255,181 224,084
9. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Net obligations under finance lease and hire purchase contracts 8,649 11,892
Bank loans 177,625 -
186,274 11,892
10. Obligations Under Finance Leases and Hire Purchase
2025 2024
£ £
The future minimum finance lease payments are as follows:
Later than one year and not later than five years 8,649 11,892
11. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 100 100
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