Acorah Software Products - Accounts Production 16.5.460 false true 30 September 2023 1 October 2022 false 1 October 2023 30 September 2024 30 September 2024 03804553 Mr IMTIAZ ALI iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 03804553 2023-09-30 03804553 2024-09-30 03804553 2023-10-01 2024-09-30 03804553 frs-core:CurrentFinancialInstruments 2024-09-30 03804553 frs-core:Non-currentFinancialInstruments 2024-09-30 03804553 frs-core:FurnitureFittings 2024-09-30 03804553 frs-core:FurnitureFittings 2023-10-01 2024-09-30 03804553 frs-core:FurnitureFittings 2023-09-30 03804553 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-09-30 03804553 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-10-01 2024-09-30 03804553 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-09-30 03804553 frs-core:MotorVehicles 2024-09-30 03804553 frs-core:MotorVehicles 2023-10-01 2024-09-30 03804553 frs-core:MotorVehicles 2023-09-30 03804553 frs-core:PlantMachinery 2023-10-01 2024-09-30 03804553 frs-core:RevaluationReserve 2023-09-30 03804553 frs-core:RevaluationReserve 2024-09-30 03804553 frs-core:ShareCapital 2024-09-30 03804553 frs-core:RetainedEarningsAccumulatedLosses 2024-09-30 03804553 frs-bus:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 03804553 frs-bus:FilletedAccounts 2023-10-01 2024-09-30 03804553 frs-bus:SmallEntities 2023-10-01 2024-09-30 03804553 frs-bus:AuditExempt-NoAccountantsReport 2023-10-01 2024-09-30 03804553 frs-bus:SmallCompaniesRegimeForAccounts 2023-10-01 2024-09-30 03804553 frs-bus:Director1 2023-10-01 2024-09-30 03804553 frs-countries:EnglandWales 2023-10-01 2024-09-30 03804553 2022-09-30 03804553 2023-09-30 03804553 2022-10-01 2023-09-30 03804553 frs-core:CurrentFinancialInstruments 2023-09-30 03804553 frs-core:Non-currentFinancialInstruments 2023-09-30 03804553 frs-core:RevaluationReserve 2023-09-30 03804553 frs-core:ShareCapital 2023-09-30 03804553 frs-core:RetainedEarningsAccumulatedLosses 2023-09-30
Registered number: 03804553
Ali Portfolio Limited
Unaudited Financial Statements
For The Year Ended 30 September 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 03804553
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 71,313 301,006
71,313 301,006
CURRENT ASSETS
Debtors 5 46,146 5,793
Cash at bank and in hand 107,765 3,198
153,911 8,991
Creditors: Amounts Falling Due Within One Year 6 (21,332 ) (7,261 )
NET CURRENT ASSETS (LIABILITIES) 132,579 1,730
TOTAL ASSETS LESS CURRENT LIABILITIES 203,892 302,736
Creditors: Amounts Falling Due After More Than One Year 7 (151,128 ) (270,181 )
NET ASSETS 52,764 32,555
CAPITAL AND RESERVES
Called up share capital 8 100 100
Revaluation reserve 9 9,671 9,671
Profit and Loss Account 42,993 22,784
SHAREHOLDERS' FUNDS 52,764 32,555
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Page 2
For the year ending 30 September 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 IMTIAZ ALI
Director
16/06/2025
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
Ali Portfolio Limited is a private company, limited by shares, incorporated in England & Wales, registered number 03804553 . The registered office is Unit 41 Phoenix Industrial Estate, Charles Street, West Bromwich, West Midlands, B70 0AY.
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. 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 Nil
Plant & Machinery Nil
Motor Vehicles 18% Straight line
Fixtures & Fittings 10% Straight line
2.3. 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: NIL (2023: NIL)
- -
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4. Tangible Assets
Land & Property
Freehold Motor Vehicles Fixtures & Fittings Total
£ £ £ £
Cost
As at 1 October 2023 299,715 - 12,946 312,661
Additions - 7,022 - 7,022
Disposals (236,715 ) - - (236,715 )
As at 30 September 2024 63,000 7,022 12,946 82,968
Depreciation
As at 1 October 2023 2,520 - 9,135 11,655
As at 30 September 2024 2,520 - 9,135 11,655
Net Book Value
As at 30 September 2024 60,480 7,022 3,811 71,313
As at 1 October 2023 297,195 - 3,811 301,006
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors - 5,793
Other debtors 44,200 -
VAT 1,946 -
46,146 5,793
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 1,700 2,166
Corporation tax 3,001 147
Other taxes and social security 332 332
VAT - 41
Other creditors 12,849 2,625
Accruals and deferred income 3,450 1,950
21,332 7,261
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 23,427 28,493
Other loans - 110,000
Directors loan account 127,701 131,688
151,128 270,181
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8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
9. Reserves
Revaluation Reserve
£
As at 1 October 2023 9,671
As at 30 September 2024 9,671
Page 5