Acorah Software Products - Accounts Production 16.5.460 false true 31 December 2023 1 January 2023 false 1 January 2024 31 December 2024 31 December 2024 09896143 Mr Ganga Bhusal Mr Amrit Ramudamu iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 09896143 2023-12-31 09896143 2024-12-31 09896143 2024-01-01 2024-12-31 09896143 frs-core:CurrentFinancialInstruments 2024-12-31 09896143 frs-core:Non-currentFinancialInstruments 2024-12-31 09896143 frs-core:ComputerEquipment 2024-12-31 09896143 frs-core:ComputerEquipment 2024-01-01 2024-12-31 09896143 frs-core:ComputerEquipment 2023-12-31 09896143 frs-core:FurnitureFittings 2024-12-31 09896143 frs-core:FurnitureFittings 2024-01-01 2024-12-31 09896143 frs-core:FurnitureFittings 2023-12-31 09896143 frs-core:NetGoodwill 2024-12-31 09896143 frs-core:NetGoodwill 2024-01-01 2024-12-31 09896143 frs-core:NetGoodwill 2023-12-31 09896143 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-12-31 09896143 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-01-01 2024-12-31 09896143 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-12-31 09896143 frs-core:MotorVehicles 2024-12-31 09896143 frs-core:MotorVehicles 2024-01-01 2024-12-31 09896143 frs-core:MotorVehicles 2023-12-31 09896143 frs-core:ShareCapital 2024-12-31 09896143 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 09896143 frs-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 09896143 frs-bus:FilletedAccounts 2024-01-01 2024-12-31 09896143 frs-bus:SmallEntities 2024-01-01 2024-12-31 09896143 frs-bus:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 09896143 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 09896143 frs-bus:OrdinaryShareClass2 2024-01-01 2024-12-31 09896143 frs-bus:OrdinaryShareClass2 2024-12-31 09896143 frs-bus:OrdinaryShareClass3 2024-01-01 2024-12-31 09896143 frs-bus:OrdinaryShareClass3 2024-12-31 09896143 frs-core:UnlistedNon-exchangeTraded 2024-12-31 09896143 frs-core:UnlistedNon-exchangeTraded 2023-12-31 09896143 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2023-12-31 09896143 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2024-12-31 09896143 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2023-12-31 09896143 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2024-12-31 09896143 frs-bus:Director1 2024-01-01 2024-12-31 09896143 frs-bus:Director2 2024-01-01 2024-12-31 09896143 frs-countries:EnglandWales 2024-01-01 2024-12-31 09896143 2022-12-31 09896143 2023-12-31 09896143 2023-01-01 2023-12-31 09896143 frs-core:CurrentFinancialInstruments 2023-12-31 09896143 frs-core:Non-currentFinancialInstruments 2023-12-31 09896143 frs-core:ShareCapital 2023-12-31 09896143 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 09896143 frs-bus:OrdinaryShareClass2 2023-01-01 2023-12-31 09896143 frs-bus:OrdinaryShareClass3 2023-01-01 2023-12-31
Registered number: 09896143
Goldstar Accountants Limited
Financial Statements
For The Year Ended 31 December 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 09896143
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 357,937 399,284
Tangible Assets 5 76,520 119,755
Investments 6 13,000 13,000
447,457 532,039
CURRENT ASSETS
Debtors 7 660,755 200,714
Cash at bank and in hand 14,746 386,223
675,501 586,937
Creditors: Amounts Falling Due Within One Year 8 (202,709 ) (163,563 )
NET CURRENT ASSETS (LIABILITIES) 472,792 423,374
TOTAL ASSETS LESS CURRENT LIABILITIES 920,249 955,413
Creditors: Amounts Falling Due After More Than One Year 9 (469,690 ) (657,566 )
PROVISIONS FOR LIABILITIES
Deferred Taxation 10 (8,555 ) (7,532 )
NET ASSETS 442,004 290,315
CAPITAL AND RESERVES
Called up share capital 11 428 428
Profit and Loss Account 441,576 289,887
SHAREHOLDERS' FUNDS 442,004 290,315
Page 1
Page 2
For the year ending 31 December 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 Amrit Ramudamu
Director
04/02/2025
The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Goldstar Accountants Limited is a private company, limited by shares, incorporated in England & Wales, registered number 09896143 . The registered office is 63 London Street, Reading, Berkshire, RG1 4PS.
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 20 years.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at cost less depreciation. 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:
Leasehold Over the lease period of 20 years
Motor Vehicles 25% reducig balance
Fixtures & Fittings 20% reducing balance
Computer Equipment 25% reducig balance
Page 3
Page 4
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 year 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 asset reflects 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 or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also 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:
2024 2023
Office and administration 9 9
9 9
4. Intangible Assets
Goodwill
£
Cost
As at 1 January 2024 636,112
As at 31 December 2024 636,112
Amortisation
As at 1 January 2024 236,828
Provided during the period 41,347
As at 31 December 2024 278,175
Net Book Value
As at 31 December 2024 357,937
As at 1 January 2024 399,284
Page 4
Page 5
5. Tangible Assets
Land & Property
Leasehold Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 January 2024 41,535 44,936 93,758 60,287 240,516
Additions - - 6,000 - 6,000
Disposals - - (65,629 ) (48,471 ) (114,100 )
As at 31 December 2024 41,535 44,936 34,129 11,816 132,416
Depreciation
As at 1 January 2024 7,247 38,563 42,437 32,514 120,761
Provided during the period 2,769 1,593 12,830 6,943 24,135
Impairment losses - - 15,050 10,050 25,100
Disposals - - (65,629 ) (48,471 ) (114,100 )
As at 31 December 2024 10,016 40,156 4,688 1,036 55,896
Net Book Value
As at 31 December 2024 31,519 4,780 29,441 10,780 76,520
As at 1 January 2024 34,288 6,373 51,321 27,773 119,755
6. Investments
Unlisted
£
Cost
As at 1 January 2024 20,000
As at 31 December 2024 20,000
Provision
As at 1 January 2024 7,000
As at 31 December 2024 7,000
Net Book Value
As at 31 December 2024 13,000
As at 1 January 2024 13,000
Page 5
Page 6
7. Debtors
2024 2023
£ £
Due within one year
Trade debtors 199,605 193,714
Due after more than one year
Amounts owed by other participating interests 461,150 7,000
660,755 200,714
8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 22,931 13,994
Other taxes and social security 112,867 99,291
Other creditors 11,642 13,514
Accruals and deferred income 55,269 36,764
202,709 163,563
9. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 12,516 25,849
Other creditors 64,887 64,887
Directors loan account 392,287 436,830
Amounts owed to other participating interests - 130,000
469,690 657,566
10. Deferred Taxation
The provision for deferred tax is made up as follows:
2024 2023
£ £
Other timing differences 8,555 7,532
11. Share Capital
2024 2023
Allotted, called up and fully paid £ £
250 Ordinary A shares of £ 1.000 each 250 250
178 Ordinary B shares of £ 1.000 each 178 178
428 428
Page 6