Acorah Software Products - Accounts Production 16.3.350 false true 31 August 2023 1 September 2022 false 1 September 2023 31 August 2024 31 August 2024 12170007 Keith Afadi Adella Afadi iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 12170007 2023-08-31 12170007 2024-08-31 12170007 2023-09-01 2024-08-31 12170007 frs-core:CurrentFinancialInstruments 2024-08-31 12170007 frs-core:ComputerEquipment 2024-08-31 12170007 frs-core:ComputerEquipment 2023-09-01 2024-08-31 12170007 frs-core:ComputerEquipment 2023-08-31 12170007 frs-core:ShareCapital 2024-08-31 12170007 frs-core:RetainedEarningsAccumulatedLosses 2024-08-31 12170007 frs-bus:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 12170007 frs-bus:FilletedAccounts 2023-09-01 2024-08-31 12170007 frs-bus:SmallEntities 2023-09-01 2024-08-31 12170007 frs-bus:AuditExempt-NoAccountantsReport 2023-09-01 2024-08-31 12170007 frs-bus:SmallCompaniesRegimeForAccounts 2023-09-01 2024-08-31 12170007 frs-bus:OrdinaryShareClass1 2023-09-01 2024-08-31 12170007 frs-bus:OrdinaryShareClass1 2024-08-31 12170007 frs-bus:Director1 2023-09-01 2024-08-31 12170007 frs-bus:Director2 2023-09-01 2024-08-31 12170007 frs-countries:EnglandWales 2023-09-01 2024-08-31 12170007 2022-08-31 12170007 2023-08-31 12170007 2022-09-01 2023-08-31 12170007 frs-core:CurrentFinancialInstruments 2023-08-31 12170007 frs-core:ShareCapital 2023-08-31 12170007 frs-core:RetainedEarningsAccumulatedLosses 2023-08-31 12170007 frs-bus:OrdinaryShareClass1 2022-09-01 2023-08-31
Registered number: 12170007
Afadi Ltd
Unaudited Financial Statements
For The Year Ended 31 August 2024
Annette Ferguson Scotland Ltd
28 Kittlegairy Crescent
Peebles
United Kingdom
EH45 9NJ
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—3
Page 1
Balance Sheet
Registered number: 12170007
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 15,307 3,058
15,307 3,058
CURRENT ASSETS
Debtors 5 4 15,402
Cash at bank and in hand 62,357 30,702
62,361 46,104
Creditors: Amounts Falling Due Within One Year 6 (32,456 ) (7,211 )
NET CURRENT ASSETS (LIABILITIES) 29,905 38,893
TOTAL ASSETS LESS CURRENT LIABILITIES 45,212 41,951
NET ASSETS 45,212 41,951
CAPITAL AND RESERVES
Called up share capital 7 2 -
Profit and Loss Account 45,210 41,951
SHAREHOLDERS' FUNDS 45,212 41,951
For the year ending 31 August 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
Keith Afadi
Director
08/08/2025
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
Afadi Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 12170007 . The registered office is 167-169, Great Portland Street, 5th Floor, London, England, W1W 5PF.
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.
Presentation Currency
The accounts are presented in £ sterling.
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 33.33% Reduced Balance Method
2.4. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2023: 1)
1 1
4. Tangible Assets
Computer Equipment
£
Cost
As at 1 September 2023 5,973
Additions 16,500
As at 31 August 2024 22,473
Depreciation
As at 1 September 2023 2,915
Provided during the period 4,251
As at 31 August 2024 7,166
...CONTINUED
Page 2
Page 3
Net Book Value
As at 31 August 2024 15,307
As at 1 September 2023 3,058
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors - 15,400
Directors' loan accounts 4 -
Called up share capital not paid - 2
4 15,402
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 6,218 -
Corporation tax 15,812 7,211
VAT 8,786 -
Accruals and deferred income 1,640 -
32,456 7,211
7. Share Capital
2024 2023
Allotted, called up and fully paid £ £
2 Ordinary Shares of £ 1.00 each 2 -
Page 3