Acorah Software Products - Accounts Production 16.4.675 false true 30 November 2023 1 December 2022 false 1 December 2023 30 November 2024 30 November 2024 SC389139 Mr Munish Dogra iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure SC389139 2023-11-30 SC389139 2024-11-30 SC389139 2023-12-01 2024-11-30 SC389139 frs-core:CurrentFinancialInstruments 2024-11-30 SC389139 frs-core:Non-currentFinancialInstruments 2024-11-30 SC389139 frs-core:ComputerEquipment 2024-11-30 SC389139 frs-core:ComputerEquipment 2023-12-01 2024-11-30 SC389139 frs-core:ComputerEquipment 2023-11-30 SC389139 frs-core:FurnitureFittings 2024-11-30 SC389139 frs-core:FurnitureFittings 2023-12-01 2024-11-30 SC389139 frs-core:FurnitureFittings 2023-11-30 SC389139 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-11-30 SC389139 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-12-01 2024-11-30 SC389139 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-11-30 SC389139 frs-core:ShareCapital 2024-11-30 SC389139 frs-core:RetainedEarningsAccumulatedLosses 2024-11-30 SC389139 frs-bus:PrivateLimitedCompanyLtd 2023-12-01 2024-11-30 SC389139 frs-bus:FilletedAccounts 2023-12-01 2024-11-30 SC389139 frs-bus:SmallEntities 2023-12-01 2024-11-30 SC389139 frs-bus:AuditExempt-NoAccountantsReport 2023-12-01 2024-11-30 SC389139 frs-bus:SmallCompaniesRegimeForAccounts 2023-12-01 2024-11-30 SC389139 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2023-11-30 SC389139 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2024-11-30 SC389139 frs-bus:Director1 2023-12-01 2024-11-30 SC389139 frs-core:CurrentFinancialInstruments 1 2024-11-30 SC389139 frs-countries:Scotland 2023-12-01 2024-11-30 SC389139 2022-11-30 SC389139 2023-11-30 SC389139 2022-12-01 2023-11-30 SC389139 frs-core:CurrentFinancialInstruments 2023-11-30 SC389139 frs-core:Non-currentFinancialInstruments 2023-11-30 SC389139 frs-core:ShareCapital 2023-11-30 SC389139 frs-core:RetainedEarningsAccumulatedLosses 2023-11-30 SC389139 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2023-11-30 SC389139 frs-core:CurrentFinancialInstruments 1 2023-11-30
Registered number: SC389139
Tulsi Investments and developments Limited
Unaudited Financial Statements
For The Year Ended 30 November 2024
Gallone & Co
21 Lansdowne Crescent
Haymarket
Edinburgh
EH12 5EH
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: SC389139
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 2,254,385 2,215,716
2,254,385 2,215,716
CURRENT ASSETS
Stocks 5 1,500 1,500
Cash at bank and in hand 8,474 87,716
9,974 89,216
Creditors: Amounts Falling Due Within One Year 6 (213,918 ) (241,688 )
NET CURRENT ASSETS (LIABILITIES) (203,944 ) (152,472 )
TOTAL ASSETS LESS CURRENT LIABILITIES 2,050,441 2,063,244
Creditors: Amounts Falling Due After More Than One Year 7 (288,095 ) (311,335 )
NET ASSETS 1,762,346 1,751,909
CAPITAL AND RESERVES
Called up share capital 8 1,000 1,000
Fair value reserve 9 1,539,942 1,539,942
Profit and Loss Account 221,404 210,967
SHAREHOLDERS' FUNDS 1,762,346 1,751,909
Page 1
Page 2
For the year ending 30 November 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 Munish Dogra
Director
29/08/2025
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Tulsi Investments and developments Limited is a private company, limited by shares, incorporated in Scotland, registered number SC389139 . The registered office is 32 Coates Gardens, Edinburgh, EH12 5LE.
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:
Freehold 0%
Fixtures & Fittings 15% Reducing Balance
Computer Equipment 33.3% Straight Line
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.
Page 3
Page 4
3. Average Number of Employees
Average number of employees, including directors, during the year was: 3 (2023: 3)
3 3
4. Tangible Assets
Land & Property
Freehold Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 December 2023 2,200,000 105,267 1,019 2,306,286
Additions 34,717 8,313 - 43,030
As at 30 November 2024 2,234,717 113,580 1,019 2,349,316
Depreciation
As at 1 December 2023 - 89,551 1,019 90,570
Provided during the period - 4,361 - 4,361
As at 30 November 2024 - 93,912 1,019 94,931
Net Book Value
As at 30 November 2024 2,234,717 19,668 - 2,254,385
As at 1 December 2023 2,200,000 15,716 - 2,215,716
5. Stocks
2024 2023
£ £
Stock 1,500 1,500
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Bank loans and overdrafts 13,500 22,500
Corporation tax 42,266 38,900
Other taxes and social security 25,261 13,137
VAT 49,158 41,133
Pension 1,875 -
Accruals and deferred income 41,793 39,291
Director's loan account 40,065 86,727
213,918 241,688
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 288,095 311,335
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1,000 1,000
Page 4
Page 5
9. Reserves
Fair Value Reserve
£
As at 1 December 2023 1,539,942
As at 30 November 2024 1,539,942
Page 5