Acorah Software Products - Accounts Production 16.5.460 false true true 31 December 2023 1 January 2023 false 30 September 2025 1 January 2024 31 December 2024 31 December 2024 05916353 Mr Nirbhay Joshi Mr. Naveen Kumar Mr. Mayank Pande Mr Gary Smock Mr. Mayank Pande Naveen Kumar 666 Plainsboro Road Suite 1285 Plainsboro NJ 08536 USA true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 05916353 2023-12-31 05916353 2024-12-31 05916353 2024-01-01 2024-12-31 05916353 frs-core:CurrentFinancialInstruments 2024-12-31 05916353 frs-core:ShareCapital 2024-12-31 05916353 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 05916353 frs-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 05916353 frs-bus:FilletedAccounts 2024-01-01 2024-12-31 05916353 frs-bus:SmallEntities 2024-01-01 2024-12-31 05916353 frs-bus:Audited 2024-01-01 2024-12-31 05916353 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 05916353 1 2024-01-01 2024-12-31 05916353 frs-core:CostValuation 2023-12-31 05916353 frs-core:CostValuation 2024-12-31 05916353 frs-core:ProvisionsForImpairmentInvestments 2023-12-31 05916353 frs-core:ProvisionsForImpairmentInvestments 2024-12-31 05916353 frs-bus:Director1 2024-01-01 2024-12-31 05916353 frs-bus:Director2 2024-01-01 2024-12-31 05916353 frs-bus:Director3 2024-01-01 2024-12-31 05916353 frs-bus:Director4 2024-01-01 2024-12-31 05916353 frs-bus:CompanySecretary1 2024-01-01 2024-12-31 05916353 frs-countries:EnglandWales 2024-01-01 2024-12-31 05916353 2022-12-31 05916353 2023-12-31 05916353 2023-01-01 2023-12-31 05916353 frs-core:CurrentFinancialInstruments 2023-12-31 05916353 frs-core:ShareCapital 2023-12-31 05916353 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31
Registered number: 05916353
Nityo Infotech Limited
Financial Statements
For The Year Ended 31 December 2024
Nityo Infotech Limited
Contents
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Nityo Infotech Limited
Balance Sheet
As At 31 December 2024
Balance Sheet
Registered number: 05916353
2024 2023
Notes £ £ £ £
FIXED ASSETS
Investments 4 29,698 29,698
29,698 29,698
CURRENT ASSETS
Debtors 5 616,138 798,623
Cash at bank and in hand 96,416 245,020
712,554 1,043,643
Creditors: Amounts Falling Due Within One Year 6 (477,731 ) (588,761 )
NET CURRENT ASSETS (LIABILITIES) 234,823 454,882
TOTAL ASSETS LESS CURRENT LIABILITIES 264,521 484,580
NET ASSETS 264,521 484,580
CAPITAL AND RESERVES
Called up share capital 7 1 1
Profit and Loss Account 264,520 484,579
SHAREHOLDERS' FUNDS 264,521 484,580
Page 1
Page 2
Nityo Infotech Limited
Balance Sheet (continued)
As At 31 December 2024
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. Mayank Pande
Director
30/09/2025
The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
Nityo Infotech Limited
Notes to the Financial Statements
For The Year Ended 31 December 2024
Notes to the Financial Statements
1. General Information
Nityo Infotech Limited is a private company, limited by shares, incorporated in England & Wales, registered number 05916353 . The registered office is Davidson House 309, Davidson House, Forbury Square, Reading, Berkshire, RG1 3EU.
The functional currency of the company is GBP (£) and financial statements figure are rounded to nearst £.
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. Going Concern Disclosure
The directors have considered the appropriateness of preparing the financial statements on a going concern basis. Notwithstanding the continious trading losses incurred over the last three accounting periods, the directors believe that it is appropriate to prepare the financial statements on a going concern basis.
This is on the grounds that the company is expected to continue to receive financial support from its parent company, and that current and anticipated future funding will be sufficient to enable the company to meet its liabilities as they fall due for a period of at least 12 months from the date of approval of these financial statements.
2.3. Significant judgements and estimations
In the application of the company’s accounting policies, the directors are required to make judgements, 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 considered to be relevant. Actual results may differ from those 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 key areas where the directors have made significant judgements and estimates include:
Impairment of assets: Assessments are made as to whether any indicators of impairment exist, and if so, the recoverable amount is estimated, which involves judgement over future cash flows and appropriate discount rates.
Depreciation rates and useful economic lives of tangible fixed assets: The directors determine appropriate depreciation rates based on expected usage and the nature of the assets. Changes in these estimates can affect the carrying value and depreciation charge.
Recoverability of trade debtors: The company reviews the carrying amount of trade receivables and determines the extent to which impairment provisions may be required, based on factors such as customer history, credit risk, and recent payment patterns.
Page 3
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Nityo Infotech Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 December 2024
2.4. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of value added tax and trade discounts. Turnover comprises revenue earned from the 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.
2.5. 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.
2.6. Financial Instruments
Financial Instruments
The company recognises financial instruments when it becomes a party to the contractual provisions of the instrument.
Financial assets and liabilities are initially measured at transaction price (including transaction costs), unless the arrangement constitutes a financing transaction, in which case the financial instrument is measured at the present value of the future payments discounted at a market rate of interest.
Financial assets are assessed for indicators of impairment at each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in the profit and loss account.
Basic financial instruments, such as trade debtors, cash, trade creditors, and intercompany balances, are subsequently measured at amortised cost using the effective interest method.
The company does not hold or issue any complex or derivative financial instruments.
2.7. 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.
2.8. 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.
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.
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Nityo Infotech Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 December 2024
2.9. Investments
‘Investments in subsidiary undertakings are stated at cost less any accumulated impairment losses. Where investments are made in foreign currencies, they are translated into pounds sterling at the spot exchange rate on the date of acquisition. The carrying amounts of investments are reviewed at each reporting date to assess whether there is objective evidence of impairment. Any impairment losses, or reversals of previously recognised impairment losses, are recognised immediately in the profit and loss account.
A subsidiary is an entity controlled by the company. Control is defined as the power to govern the financial and operating policies of an entity so as to obtain benefits from its activities.
2.10. Related Party Exemption
The company has taken advantage of the exemption available under Financial Reporting Standard 102 Section 1A applicable in the UK and Republic of Ireland, and accordingly, has not disclosed transactions with wholly owned subsidiaries within the group.
2.11. Group Accounts Exemption
The company has not prepared consolidated financial statements for the financial year in accordance with the exemption available under sections 400 to 402 of the Companies Act 2006. The company qualifies for this exemption as it is a wholly owned subsidiary and meets the relevant criteria set out in the Act.
As a result, these financial statements present information about the company as an individual entity and not about its group.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 5 (2023: 5)
5 5
4. Investments
Subsidiaries
£
Cost
As at 1 January 2024 29,698
As at 31 December 2024 29,698
Provision
As at 1 January 2024 -
As at 31 December 2024 -
Net Book Value
As at 31 December 2024 29,698
As at 1 January 2024 29,698
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Page 6
Nityo Infotech Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 December 2024
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 17,372 109,353
Amounts owed by group undertakings 590,348 624,633
Other debtors 8,418 64,637
616,138 798,623
Amounts owed by group undertakings balance is unsecured, interest-free, and is repayable in full within one year.’
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 14,585 78,335
Amounts owed to group undertakings 434,262 408,950
Other creditors 22,503 81,091
Taxation and social security 6,381 20,385
477,731 588,761
Amounts owed to group  undertakings balance is unsecured and wholly repayable within one year.
7. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1 1
8. Ultimate Parent Undertaking and Controlling Party
The company's immediate and ultimate parent undertaking is Nityo lnfotech Corporation . Nityo lnfotech Corporation which was incorporated in the USA. Copies of the group accounts may be obtained from the secretary, 666 Plainsboro Road Suite 1285 Plainsboro NJ 08536 USA . The ultimate controlling party is Mr Naveen Kumar .
9. Audit Information
The auditor's report on the accounts of Nityo Infotech Limited for the year ended 31 December 2024 was unqualified.
The auditor's report was signed by Ganga Lal Bhusal (Senior Statutory Auditor) for and on behalf of Goldstar Accountants Limited , Statutory Auditor.
Goldstar Accountants Limited
63 London Street
Reading
RG1 4PS
Page 6