Acorah Software Products - Accounts Production 16.5.460 false true 31 May 2024 1 June 2023 false 1 June 2024 31 May 2025 31 May 2025 12050454 Mr Nikolay Peshev iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 12050454 2024-05-31 12050454 2025-05-31 12050454 2024-06-01 2025-05-31 12050454 frs-core:CurrentFinancialInstruments 2025-05-31 12050454 frs-core:Non-currentFinancialInstruments 2025-05-31 12050454 frs-core:BetweenOneFiveYears 2025-05-31 12050454 frs-core:MotorVehicles 2025-05-31 12050454 frs-core:MotorVehicles 2024-06-01 2025-05-31 12050454 frs-core:MotorVehicles 2024-05-31 12050454 frs-core:WithinOneYear 2025-05-31 12050454 frs-core:ShareCapital 2025-05-31 12050454 frs-core:RetainedEarningsAccumulatedLosses 2025-05-31 12050454 frs-bus:PrivateLimitedCompanyLtd 2024-06-01 2025-05-31 12050454 frs-bus:FilletedAccounts 2024-06-01 2025-05-31 12050454 frs-bus:SmallEntities 2024-06-01 2025-05-31 12050454 frs-bus:AuditExempt-NoAccountantsReport 2024-06-01 2025-05-31 12050454 frs-bus:SmallCompaniesRegimeForAccounts 2024-06-01 2025-05-31 12050454 frs-bus:Director1 2024-06-01 2025-05-31 12050454 frs-core:CurrentFinancialInstruments 1 2025-05-31 12050454 frs-countries:EnglandWales 2024-06-01 2025-05-31 12050454 2023-05-31 12050454 2024-05-31 12050454 2023-06-01 2024-05-31 12050454 frs-core:CurrentFinancialInstruments 2024-05-31 12050454 frs-core:Non-currentFinancialInstruments 2024-05-31 12050454 frs-core:BetweenOneFiveYears 2024-05-31 12050454 frs-core:WithinOneYear 2024-05-31 12050454 frs-core:ShareCapital 2024-05-31 12050454 frs-core:RetainedEarningsAccumulatedLosses 2024-05-31 12050454 frs-core:CurrentFinancialInstruments 1 2024-05-31
Registered number: 12050454
Nikolay Peshev 1981 Ltd
Unaudited Financial Statements
For The Year Ended 31 May 2025
Nikolay Peshev 1981 Ltd
Contents
Contents

| Page
--- | ---
Balance Sheet | 1—2
Notes to the Financial Statements | 3—5

Page 1
Nikolay Peshev 1981 Ltd
Balance Sheet
As At 31 May 2025
Balance Sheet
Registered number: 12050454

| 2025 | 2024
--- | --- | ---
| Notes | £ | £ | £ | £
FIXED ASSETS
Tangible Assets | 4 |  | 2,762 |  | 10,287
|  |  | 2,762 |  | 10,287
CURRENT ASSETS
Debtors | 5 | 509 |  | 10,967 |
Cash at bank and in hand |  | 141 |  | 147 |
|  | 650 |  | 11,114 |
Creditors: Amounts Falling Due Within One Year | 6 | (11,385 ) |  | (9,912 ) |
NET CURRENT ASSETS (LIABILITIES) |  |  | (10,735 ) |  | 1,202
TOTAL ASSETS LESS CURRENT LIABILITIES |  |  | (7,973 ) |  | 11,489
Creditors: Amounts Falling Due After More Than One Year | 7 |  | (5,259 ) |  | (11,111 )
NET (LIABILITIES)/ASSETS |  |  | (13,232 ) |  | 378
CAPITAL AND RESERVES
Called up share capital | 9 |  | 10 |  | 10
Profit and Loss Account |  |  | (13,242 ) |  | 368
SHAREHOLDERS' FUNDS |  |  | (13,232) |  | 378

Page 1
Page 2
Nikolay Peshev 1981 Ltd
Balance Sheet (continued)
As At 31 May 2025
For the year ending 31 May 2025 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 Nikolay Peshev Director
05/09/2025

The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Nikolay Peshev 1981 Ltd
Notes to the Financial Statements
For The Year Ended 31 May 2025
Notes to the Financial Statements
1. General Information
Nikolay Peshev 1981 Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 12050454 . The registered office is 146 Mayes Road, Wood Green, N22 6SY.
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:

Motor Vehicles | 25% Straight Line

2.4. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.
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.
...CONTINUED
Page 3
Page 4
Nikolay Peshev 1981 Ltd
Notes to the Financial Statements (continued)
For The Year Ended 31 May 2025
2.5. Taxation - continued
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: 1 (2024: 1)
1 1
4. Tangible Assets

| Motor Vehicles
--- | ---
| £
Cost
As at 1 June 2024 | 30,098
As at 31 May 2025 | 30,098
Depreciation
As at 1 June 2024 | 19,811
Provided during the period | 7,525
As at 31 May 2025 | 27,336
Net Book Value
As at 31 May 2025 | 2,762
As at 1 June 2024 | 10,287

5. Debtors

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Due within one year
PAYE debtors (Debtors < 1 year) | 325 |  | 325
Corporation tax recoverable assets | 184 |  | -
Director's loan account | - |  | 10,642
| 509 |  | 10,967

6. Creditors: Amounts Falling Due Within One Year

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Net obligations under finance lease and hire purchase contracts | 6,020 |  | 6,020
Bank loans and overdrafts | 1,000 |  | 1,000
Corporation tax | - |  | 2,147
Business credit card (Current liabilities - creditors < 1 year) | 878 |  | 745
Director's loan account | 3,487 |  | -
| 11,385 |  | 9,912

Page 4
Page 5
Nikolay Peshev 1981 Ltd
Notes to the Financial Statements (continued)
For The Year Ended 31 May 2025
7. Creditors: Amounts Falling Due After More Than One Year

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Net obligations under finance lease and hire purchase contracts | 3,009 |  | 8,528
Bank loans | 2,250 |  | 2,583
| 5,259 |  | 11,111

8. Obligations Under Finance Leases and Hire Purchase

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
The future minimum finance lease payments are as follows:
Not later than one year | 6,020 |  | 6,020
Later than one year and not later than five years | 3,009 |  | 8,528
| 9,029 |  | 14,548
| 9,029 |  | 14,548

9. Share Capital

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Allotted, Called up and fully paid | 10 |  | 10

Page 5