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 09678290 Mr Rahail Khan Mr Faraz Sherwani Mr Rahail Khan true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 09678290 2023-07-31 09678290 2024-07-31 09678290 2023-08-01 2024-07-31 09678290 frs-core:CurrentFinancialInstruments 2024-07-31 09678290 frs-core:Non-currentFinancialInstruments 2024-07-31 09678290 frs-core:ComputerEquipment 2024-07-31 09678290 frs-core:ComputerEquipment 2023-08-01 2024-07-31 09678290 frs-core:ComputerEquipment 2023-07-31 09678290 frs-core:MotorVehicles 2024-07-31 09678290 frs-core:MotorVehicles 2023-08-01 2024-07-31 09678290 frs-core:MotorVehicles 2023-07-31 09678290 frs-core:ShareCapital 2024-07-31 09678290 frs-core:RetainedEarningsAccumulatedLosses 2024-07-31 09678290 frs-bus:PrivateLimitedCompanyLtd 2023-08-01 2024-07-31 09678290 frs-bus:FilletedAccounts 2023-08-01 2024-07-31 09678290 frs-bus:SmallEntities 2023-08-01 2024-07-31 09678290 frs-bus:AuditExempt-NoAccountantsReport 2023-08-01 2024-07-31 09678290 frs-bus:SmallCompaniesRegimeForAccounts 2023-08-01 2024-07-31 09678290 1 2023-08-01 2024-07-31 09678290 frs-bus:Director1 2023-08-01 2024-07-31 09678290 frs-bus:Director2 2023-08-01 2024-07-31 09678290 frs-countries:EnglandWales 2023-08-01 2024-07-31 09678290 2022-07-31 09678290 2023-07-31 09678290 2022-08-01 2023-07-31 09678290 frs-core:CurrentFinancialInstruments 2023-07-31 09678290 frs-core:Non-currentFinancialInstruments 2023-07-31 09678290 frs-core:ShareCapital 2023-07-31 09678290 frs-core:RetainedEarningsAccumulatedLosses 2023-07-31
Registered number: 09678290
ON CALL PROPERTY SERVICES LTD
Financial Statements
For The Year Ended 31 July 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 09678290
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 23,656 21,688
23,656 21,688
CURRENT ASSETS
Stocks 5 132,321 112,511
Debtors 6 271,561 183,611
Cash at bank and in hand 62,042 64,974
465,924 361,096
Creditors: Amounts Falling Due Within One Year 7 (372,907 ) (271,583 )
NET CURRENT ASSETS (LIABILITIES) 93,017 89,513
TOTAL ASSETS LESS CURRENT LIABILITIES 116,673 111,201
Creditors: Amounts Falling Due After More Than One Year 8 (60,311 ) (60,107 )
NET ASSETS 56,362 51,094
CAPITAL AND RESERVES
Called up share capital 9 1 1
Profit and Loss Account 56,361 51,093
SHAREHOLDERS' FUNDS 56,362 51,094
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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
Mr Rahail Khan
Director
22/07/2025
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
ON CALL PROPERTY SERVICES LTD is a private company, limited by shares, incorporated in England & Wales, registered number 09678290 . The registered office is 209a Station Lane, Hornchurch, RM12 6LL.
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 25% Reducing Balance
Computer Equipment 25% Reducing Balance
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. 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: 11 (2023: 9)
11 9
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4. Tangible Assets
Motor Vehicles Computer Equipment Total
£ £ £
Cost
As at 1 August 2023 39,137 9,762 48,899
Additions 6,491 3,362 9,853
As at 31 July 2024 45,628 13,124 58,752
Depreciation
As at 1 August 2023 21,855 5,356 27,211
Provided during the period 5,943 1,942 7,885
As at 31 July 2024 27,798 7,298 35,096
Net Book Value
As at 31 July 2024 17,830 5,826 23,656
As at 1 August 2023 17,282 4,406 21,688
5. Stocks
2024 2023
£ £
Stock 132,321 112,511
6. Debtors
2024 2023
£ £
Due after more than one year
Other debtors 271,561 183,611
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 97,501 149,741
Bank loans and overdrafts 2,295 9,525
Other creditors 137,006 10,788
Taxation and social security 136,105 101,529
372,907 271,583
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 17,345 27,200
Other creditors 42,966 32,907
60,311 60,107
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9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1 1
10. Dividends
2024 2023
£ £
On equity shares:
Final dividend paid 37,213 43,449
11. Ultimate Controlling Party
The company's ultimate controlling party is Mr Rahail Khan by virtue of his ownership of 100% of the issued share capital in the company.
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