Acorah Software Products - Accounts Production 16.2.850 false true 31 December 2023 1 January 2023 false 1 January 2024 31 December 2024 31 December 2024 08328098 Mr Raju Bhasin iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 08328098 2023-12-31 08328098 2024-12-31 08328098 2024-01-01 2024-12-31 08328098 frs-core:Non-currentFinancialInstruments 2024-12-31 08328098 frs-core:ComputerEquipment 2024-12-31 08328098 frs-core:ComputerEquipment 2024-01-01 2024-12-31 08328098 frs-core:ComputerEquipment 2023-12-31 08328098 frs-core:FurnitureFittings 2024-12-31 08328098 frs-core:FurnitureFittings 2024-01-01 2024-12-31 08328098 frs-core:FurnitureFittings 2023-12-31 08328098 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 08328098 frs-core:MotorVehicles 2024-12-31 08328098 frs-core:MotorVehicles 2024-01-01 2024-12-31 08328098 frs-core:MotorVehicles 2023-12-31 08328098 frs-core:PlantMachinery 2024-12-31 08328098 frs-core:PlantMachinery 2024-01-01 2024-12-31 08328098 frs-core:PlantMachinery 2023-12-31 08328098 frs-core:ShareCapital 2024-12-31 08328098 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 08328098 frs-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 08328098 frs-bus:FilletedAccounts 2024-01-01 2024-12-31 08328098 frs-bus:SmallEntities 2024-01-01 2024-12-31 08328098 frs-bus:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 08328098 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 08328098 frs-core:CostValuation 2023-12-31 08328098 frs-core:RevaluationsIncreaseDecreaseInInvestments 2024-12-31 08328098 frs-core:CostValuation 2024-12-31 08328098 frs-core:ProvisionsForImpairmentInvestments 2023-12-31 08328098 frs-core:ProvisionsForImpairmentInvestments 2024-12-31 08328098 frs-core:ListedExchangeTraded 2024-12-31 08328098 frs-core:ListedExchangeTraded 2023-12-31 08328098 frs-core:CostValuation frs-core:ListedExchangeTraded 2023-12-31 08328098 frs-core:RevaluationsIncreaseDecreaseInInvestments frs-core:ListedExchangeTraded 2024-12-31 08328098 frs-core:CostValuation frs-core:ListedExchangeTraded 2024-12-31 08328098 frs-core:ProvisionsForImpairmentInvestments frs-core:ListedExchangeTraded 2023-12-31 08328098 frs-core:ProvisionsForImpairmentInvestments frs-core:ListedExchangeTraded 2024-12-31 08328098 frs-bus:Director1 2024-01-01 2024-12-31 08328098 frs-countries:EnglandWales 2024-01-01 2024-12-31 08328098 2022-12-31 08328098 2023-12-31 08328098 2023-01-01 2023-12-31 08328098 frs-core:Non-currentFinancialInstruments 2023-12-31 08328098 frs-core:ShareCapital 2023-12-31 08328098 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31
Registered number: 08328098
AVVRAX LTD
Unaudited Financial Statements
For The Year Ended 31 December 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 08328098
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 48,372 19,736
Investments 5 1,339,952 1,352,827
1,388,324 1,372,563
CURRENT ASSETS
Stocks 6 520,225 266,992
Debtors 1,398,623 1,525,230
Cash at bank and in hand 359,786 569,551
2,278,634 2,361,773
Creditors: Amounts Falling Due Within One Year (1,956,254 ) (1,598,872 )
NET CURRENT ASSETS (LIABILITIES) 322,380 762,901
TOTAL ASSETS LESS CURRENT LIABILITIES 1,710,704 2,135,464
Creditors: Amounts Falling Due After More Than One Year (24,924 ) (82,009 )
NET ASSETS 1,685,780 2,053,455
CAPITAL AND RESERVES
Called up share capital 7 100 100
Profit and Loss Account 1,685,680 2,053,355
SHAREHOLDERS' FUNDS 1,685,780 2,053,455
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 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 Raju Bhasin
Director
08/09/2025
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
AVVRAX LTD is a private company, limited by shares, incorporated in England & Wales, registered number 08328098 . The registered office is Unit 4A - 5A, Watlington Industrial Estate,Cuxham Road, Watlington , OX49 5LU.
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.
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 08% Straight line method
Plant & Machinery 20% Reducing method
Motor Vehicles 25% Reducing method
Fixtures & Fittings 25% Straight line method
Computer Equipment 25% Straight line method
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. Financial Instruments
Basic financial instruments are recognised at amortized cost, except for investments in non-convertible preference and non puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
2.6. 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.
...CONTINUED
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Page 4
2.6. Taxation - continued
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.
2.7. Critical accounting judgements and key sources of estimation uncertainty
In the application of the Company's accounting policies, the directors are required to make judgments, estimates and assumptions about the carrying amounts of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods. The Directors do not consider there are any critical judgments or sources of estimation uncertainty requiring disclosure beyond the accounting policies listed below.
2.8. Investment
Investment properties are carried at cost value and depreciuation is provided, whereas investment in share are carried at fair value determined annually and derived from the current market, adjusted if necessary for any difference in the nature, or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 8 (2023: 4)
8 4
4. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 January 2024 12,159 42,174 6,775 5,478 66,586
Additions - 43,833 - 933 44,766
As at 31 December 2024 12,159 86,007 6,775 6,411 111,352
Depreciation
As at 1 January 2024 10,569 28,611 5,217 2,453 46,850
Provided during the period 318 14,349 312 1,151 16,130
As at 31 December 2024 10,887 42,960 5,529 3,604 62,980
Net Book Value
As at 31 December 2024 1,272 43,047 1,246 2,807 48,372
As at 1 January 2024 1,590 13,563 1,558 3,025 19,736
5. Investments
Subsidiaries Listed Total
£ £ £
Cost
As at 1 January 2024 1,327,427 25,400 1,352,827
Revaluations - (12,875 ) (12,875 )
As at 31 December 2024 1,327,427 12,525 1,339,952
Provision
As at 1 January 2024 - - -
As at 31 December 2024 - - -
...CONTINUED
Page 4
Page 5
Net Book Value
As at 31 December 2024 1,327,427 12,525 1,339,952
As at 1 January 2024 1,327,427 25,400 1,352,827
6. Stocks
2024 2023
£ £
Finished goods 520,225 266,992
7. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
8. Related Party Transactions
The company was controlled during the current period by Avvrax Holdings Limitd by Virtue of its ownership of the entire issued Share Capital
Page 5