Acorah Software Products - Accounts Production 16.4.675 false true 31 March 2024 1 April 2023 false 1 April 2024 30 April 2025 30 April 2025 05959319 Mr I J Spencer Mrs S M Spencer Mrs S M Spencer iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 05959319 2024-03-31 05959319 2025-04-30 05959319 2024-04-01 2025-04-30 05959319 frs-core:CurrentFinancialInstruments 2025-04-30 05959319 frs-core:ComputerEquipment 2025-04-30 05959319 frs-core:ComputerEquipment 2024-04-01 2025-04-30 05959319 frs-core:ComputerEquipment 2024-03-31 05959319 frs-core:ShareCapital 2025-04-30 05959319 frs-core:RetainedEarningsAccumulatedLosses 2025-04-30 05959319 frs-bus:PrivateLimitedCompanyLtd 2024-04-01 2025-04-30 05959319 frs-bus:FilletedAccounts 2024-04-01 2025-04-30 05959319 frs-bus:SmallEntities 2024-04-01 2025-04-30 05959319 frs-bus:AuditExempt-NoAccountantsReport 2024-04-01 2025-04-30 05959319 frs-bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-04-30 05959319 frs-bus:Director1 2024-04-01 2025-04-30 05959319 frs-bus:Director1 2024-03-31 05959319 frs-bus:Director1 2025-04-30 05959319 frs-bus:Director2 2024-04-01 2025-04-30 05959319 frs-bus:Director2 2024-03-31 05959319 frs-bus:Director2 2025-04-30 05959319 frs-bus:CompanySecretary1 2024-04-01 2025-04-30 05959319 frs-countries:EnglandWales 2024-04-01 2025-04-30 05959319 2023-03-31 05959319 2024-03-31 05959319 2023-04-01 2024-03-31 05959319 frs-core:CurrentFinancialInstruments 2024-03-31 05959319 frs-core:ShareCapital 2024-03-31 05959319 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31
Registered number: 05959319
Sharmarg Limited
Financial Statements
For the Period 1 April 2024 to 30 April 2025
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—4
Page 1
Balance Sheet
Registered number: 05959319
30 April 2025 31 March 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 3,306 2,351
3,306 2,351
CURRENT ASSETS
Debtors 5 166,226 176,513
Cash at bank and in hand 144,362 318,942
310,588 495,455
Creditors: Amounts Falling Due Within One Year 6 (44,582 ) (17,877 )
NET CURRENT ASSETS (LIABILITIES) 266,006 477,578
TOTAL ASSETS LESS CURRENT LIABILITIES 269,312 479,929
NET ASSETS 269,312 479,929
CAPITAL AND RESERVES
Called up share capital 7 100 100
Profit and Loss Account 269,212 479,829
SHAREHOLDERS' FUNDS 269,312 479,929
For the period ending 30 April 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
Mr I J Spencer
Director
24 July 2025
The notes on pages 2 to 4 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
Sharmarg Limited is a private company, limited by shares, incorporated in England & Wales, registered number 05959319 . The registered office is 22 Eldon Business Park, Eldon Road, Attenborough, Beeston, Nottingham, NG9 6DZ.
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:
Computer Equipment 25% reducing balance
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. 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. The carrying amount of deferred tax assets is reviewed at the end of each reporting period.
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.
3. Average Number of Employees
Average number of employees, including directors, during the period was: 2 (2024: 2)
2 2
Page 2
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4. Tangible Assets
Computer Equipment
£
Cost
As at 1 April 2024 4,939
Additions 2,327
Disposals (2,057 )
As at 30 April 2025 5,209
Depreciation
As at 1 April 2024 2,588
Provided during the period 927
Disposals (1,612 )
As at 30 April 2025 1,903
Net Book Value
As at 30 April 2025 3,306
As at 1 April 2024 2,351
5. Debtors
30 April 2025 31 March 2024
£ £
Due within one year
Other debtors 60,814 69,709
Directors' loan accounts 105,412 106,804
166,226 176,513
6. Creditors: Amounts Falling Due Within One Year
30 April 2025 31 March 2024
£ £
Corporation tax - 12,976
VAT - 1,177
Net wages 758 758
Other creditors 169 620
Accruals and deferred income 3,276 2,003
Directors' loan accounts 40,379 343
44,582 17,877
7. Share Capital
30 April 2025 31 March 2024
£ £
Allotted, Called up and fully paid 100 100
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Page 4
8. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 April 2024 Amounts advanced Amounts repaid Amounts written off As at 30 April 2025
£ £ £ £ £
Mr Ian Spencer 106,804 22,608 24,000 - 105,412
Mrs Sharon Spencer (343 ) 41,964 82,000 - (40,379 )
The above loan is unsecured, interest free and repayable on demand.
Page 4