Acorah Software Products - Accounts Production 16.5.460 false true 31 December 2023 1 December 2023 false 1 January 2024 31 December 2024 31 December 2024 13626965 William Tyler Adrienne Tyler William Tyler true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 13626965 2023-12-31 13626965 2024-12-31 13626965 2024-01-01 2024-12-31 13626965 frs-core:ShareCapital 2024-12-31 13626965 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 13626965 frs-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 13626965 frs-bus:FilletedAccounts 2024-01-01 2024-12-31 13626965 frs-bus:SmallEntities 2024-01-01 2024-12-31 13626965 frs-bus:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 13626965 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 13626965 1 2024-01-01 2024-12-31 13626965 frs-bus:Director1 2024-01-01 2024-12-31 13626965 frs-bus:Director2 2024-01-01 2024-12-31 13626965 frs-countries:EnglandWales 2024-01-01 2024-12-31 13626965 2023-11-30 13626965 2023-12-31 13626965 2023-12-01 2023-12-31 13626965 frs-core:CurrentFinancialInstruments 2023-12-31 13626965 frs-core:ShareCapital 2023-12-31 13626965 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31
Registered number: 13626965
Saraqael Limited
Unaudited Financial Statements
For The Year Ended 31 December 2024
Saraqael Limited
Contents
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—4
Page 1
Saraqael Limited
Balance Sheet
As At 31 December 2024
Balance Sheet
Registered number: 13626965
31 December 2024 31 December 2023
Notes £ £ £ £
CURRENT ASSETS
Debtors 4 1,752 1,659
Cash at bank and in hand 402 10,844
2,154 12,503
Creditors: Amounts Falling Due Within One Year 5 (1,108 ) (3,723 )
NET CURRENT ASSETS (LIABILITIES) 1,046 8,780
TOTAL ASSETS LESS CURRENT LIABILITIES 1,046 8,780
NET ASSETS 1,046 8,780
CAPITAL AND RESERVES
Called up share capital 6 100 100
Profit and Loss Account 946 8,680
SHAREHOLDERS' FUNDS 1,046 8,780
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
William Tyler
Director
21/09/2025
The notes on pages 2 to 3 form part of these financial statements.
Page 1
Page 2
Saraqael Limited
Notes to the Financial Statements
For The Year Ended 31 December 2024
Notes to the Financial Statements
1. General Information
Saraqael Limited is a private company, limited by shares, incorporated in England & Wales, registered number 13626965 . The registered office is 25 Ailsa Road, Twickenham, London, TW1 1QJ.
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. Financial Instruments
Share Capital of the Company
Ordinary Share Capital
The ordinary share capital of the company is presented as equity.
Cash and cash equivalents
Cash consists of cash on hand and demand deposits. Cash equivalents consist of short term highly liquid
investments that are readily convertible to known amounts of cash that are subject to an insignificant risk of
change in value.
Other financial assets
Other financial assets including trade debtors for goods or services sold to customers on short-term credit,
are initially measured at the undiscounted amount of cash receivable from that customer, which is normally
the invoice price, and are subsequently measured at amortised cost less impairment, where there is
objective evidence of an impairment.
Loans and borrowings
All loans and borrowings, both assets and liabilities are initially recorded at the present value of cash payable
to the lender in settlement of the liability discounted at the market interest rate. Subsequently loans and
borrowings are stated at amortised cost using the effective interest rate method. The computation of
amortised cost includes any issue costs, transaction costs and fees, and any discount or premium on
settlement, and the effect of this is to amortise these amounts over the expected borrowing period. Loans
with no stated interest rate and repayable within one year or on demand are not amortised. Loans and
borrowings are classified as current assets or liabilities unless the borrower has an unconditional right to
defer settlement of the liability for at least twelve months after the financial year end date.
Other financial liabilities
Trade creditors are measured at invoice price, unless payment is deferred beyond normal business terms or
is financed at a rate of interest that is not a market rate. In this case the arrangement constitutes a financing
transaction, and the financial liability is measured at the present value of the future payments discounted at a
market rate of interest for a similar debt instrument.
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.
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Page 3
Saraqael Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 December 2024
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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 2)
2 2
4. Debtors
31 December 2024 31 December 2023
£ £
Due within one year
Other debtors 1,752 1,659
5. Creditors: Amounts Falling Due Within One Year
31 December 2024 31 December 2023
£ £
Other creditors 1,108 966
Taxation and social security - 2,757
1,108 3,723
6. Share Capital
31 December 2024 31 December 2023
£ £
Allotted, Called up and fully paid 100 100
7. Ultimate Controlling Party
The company's ultimate controlling party is William Tyler by virtue of his ownership of 100% of the issued share capital in the company.
8. Transactions with directors
Page 3
Page 4
Saraqael Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 December 2024
During the period, W Tyler advanced £Nil (2022: £1,000) to the company and received repayment of £Nil (2022:
£942).
The amount owed to W Tyler at the balance sheet date was £58 (2022: £58) which was unsecured, interest free
and repayable on demand.
Page 4