Acorah Software Products - Accounts Production 16.4.675 false true 30 October 2023 31 October 2022 false 31 October 2023 30 October 2024 30 October 2024 05983359 Mr Bashir Abdullah Ali iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 05983359 2023-10-30 05983359 2024-10-30 05983359 2023-10-31 2024-10-30 05983359 frs-core:CurrentFinancialInstruments 2024-10-30 05983359 frs-core:Non-currentFinancialInstruments 2024-10-30 05983359 frs-core:ComputerEquipment 2023-10-31 2024-10-30 05983359 frs-core:MotorVehicles 2024-10-30 05983359 frs-core:MotorVehicles 2023-10-31 2024-10-30 05983359 frs-core:MotorVehicles 2023-10-30 05983359 frs-core:PlantMachinery 2024-10-30 05983359 frs-core:PlantMachinery 2023-10-31 2024-10-30 05983359 frs-core:PlantMachinery 2023-10-30 05983359 frs-core:ShareCapital 2024-10-30 05983359 frs-core:RetainedEarningsAccumulatedLosses 2024-10-30 05983359 frs-bus:PrivateLimitedCompanyLtd 2023-10-31 2024-10-30 05983359 frs-bus:FilletedAccounts 2023-10-31 2024-10-30 05983359 frs-bus:SmallEntities 2023-10-31 2024-10-30 05983359 frs-bus:AuditExempt-NoAccountantsReport 2023-10-31 2024-10-30 05983359 frs-bus:SmallCompaniesRegimeForAccounts 2023-10-31 2024-10-30 05983359 frs-bus:Director1 2023-10-31 2024-10-30 05983359 frs-countries:EnglandWales 2023-10-31 2024-10-30 05983359 2022-10-30 05983359 2023-10-30 05983359 2022-10-31 2023-10-30 05983359 frs-core:CurrentFinancialInstruments 2023-10-30 05983359 frs-core:Non-currentFinancialInstruments 2023-10-30 05983359 frs-core:ShareCapital 2023-10-30 05983359 frs-core:RetainedEarningsAccumulatedLosses 2023-10-30 05983359 frs-core:CurrentFinancialInstruments 1 2023-10-30
Registered number: 05983359
725 LIMITED
Unaudited Financial Statements
For The Year Ended 30 October 2024
Asmita & Associates Ltd
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 05983359
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 21,815 16,533
21,815 16,533
CURRENT ASSETS
Debtors 5 2,628,240 2,823,702
Cash at bank and in hand 1,275,557 1,043,272
3,903,797 3,866,974
Creditors: Amounts Falling Due Within One Year 6 (826,240 ) (960,616 )
NET CURRENT ASSETS (LIABILITIES) 3,077,557 2,906,358
TOTAL ASSETS LESS CURRENT LIABILITIES 3,099,372 2,922,891
Creditors: Amounts Falling Due After More Than One Year 7 (24,166 ) (34,277 )
PROVISIONS FOR LIABILITIES
Provisions For Charges (85,340 ) (219,809 )
NET ASSETS 2,989,866 2,668,805
CAPITAL AND RESERVES
Called up share capital 8 1,000 1,000
Profit and Loss Account 2,988,866 2,667,805
SHAREHOLDERS' FUNDS 2,989,866 2,668,805
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Page 2
For the year ending 30 October 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 Bashir Abdullah Ali
Director
10/06/2025
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
725 LIMITED is a private company, limited by shares, incorporated in England & Wales, registered number 05983359 . The registered office is 48 HIGH STREET, GRAVESEND, KENT, DA11 0AY.
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:
Plant & Machinery 20% Reducing Balance
Motor Vehicles 20% Reducing Balance
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. 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: 12 (2023: 12)
12 12
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4. Tangible Assets
Plant & Machinery Motor Vehicles Total
£ £ £
Cost
As at 31 October 2023 28,287 24,891 53,178
Additions 5,167 6,858 12,025
Disposals - (12,308 ) (12,308 )
As at 30 October 2024 33,454 19,441 52,895
Depreciation
As at 31 October 2023 20,777 15,868 36,645
Provided during the period 1,502 2,660 4,162
Disposals - (9,727 ) (9,727 )
As at 30 October 2024 22,279 8,801 31,080
Net Book Value
As at 30 October 2024 11,175 10,640 21,815
As at 31 October 2023 7,510 9,023 16,533
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 753,311 965,646
Other debtors 5,035 7,240
Deferred tax current asset (1,591) (1,591)
756,755 971,295
Due after more than one year
Amounts owed by group undertakings 1,871,485 1,852,407
2,628,240 2,823,702
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 7,336 7,477
Corporation tax 120,634 140,424
Other taxes and social security 78,460 99,407
VAT 467,140 635,469
Net wages 115,075 1,414
Other creditors 2,551 4,284
Dividend Payable - 57,000
Director's loan account 35,044 15,141
826,240 960,616
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7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 24,166 34,277
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1,000 1,000
9. Related Party Transactions
The Director's were paid a salary of £16,640 for the year ended 30/10/2024.
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