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Registered number: SC486656
Sarkar Tactical Ltd
Financial Statements
For The Year Ended 31 December 2024
The Kelvin Partnership
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: SC486656
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 131,815 159,723
131,815 159,723
CURRENT ASSETS
Stocks 5 610,039 732,882
Debtors 6 3,225,719 1,666,196
Cash at bank and in hand 209,064 209,424
4,044,822 2,608,502
Creditors: Amounts Falling Due Within One Year 7 (3,412,572 ) (1,996,574 )
NET CURRENT ASSETS (LIABILITIES) 632,250 611,928
TOTAL ASSETS LESS CURRENT LIABILITIES 764,065 771,651
Creditors: Amounts Falling Due After More Than One Year 8 (35,500 ) (82,974 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (32,954 ) (37,535 )
NET ASSETS 695,611 651,142
CAPITAL AND RESERVES
Called up share capital 11 300 300
Profit and Loss Account 695,311 650,842
SHAREHOLDERS' FUNDS 695,611 651,142
Page 1
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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
P K Sood
Director
15/09/2025
The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Sarkar Tactical Ltd is a private company, limited by shares, incorporated in Scotland, registered number SC486656 . The registered office is 325 Renfrew Road, Glasgow, G51 4SP.
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 under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historic cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.
The company adds to the carrying amount of fixed assets the cost of replacing part of such an item when that cost is incurred, if the replacement is expected to provide incremental future benefits to its company. The carrying amount of the replaced part is derecognised. Repairs and maintenance are charged to the statement of income and retained earnings during the period in which they are incurred.
Depreciation is charged so as to allocate the costs of assets less their residual value over the estimated useful lives, using the reducing balance method.
Depreciation is provided on the following basis:
Leasehold Nil
Plant & Machinery 20% reducing balance
Fixtures & Fittings 25% reducing balance
Computer Equipment 33% straight line
The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.
Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in the statement of income and retained earnings.
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. 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.
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2.6. 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.
2.7. 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: 10 (2023: 8)
10 8
4. Tangible Assets
Land & Property
Leasehold Plant & Machinery Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 January 2024 41,117 279,662 15,559 42,510 378,848
Additions - 9,166 - - 9,166
As at 31 December 2024 41,117 288,828 15,559 42,510 388,014
Depreciation
As at 1 January 2024 41,117 149,960 7,974 20,074 219,125
Provided during the period - 27,774 1,896 7,404 37,074
As at 31 December 2024 41,117 177,734 9,870 27,478 256,199
Net Book Value
As at 31 December 2024 - 111,094 5,689 15,032 131,815
As at 1 January 2024 - 129,702 7,585 22,436 159,723
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5. Stocks
2024 2023
£ £
Stock 397,992 513,216
Work in progress 212,047 219,666
610,039 732,882
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 1,505,471 568,520
Amounts owed by group undertakings 1,592,014 1,046,499
Other debtors 128,234 51,177
3,225,719 1,666,196
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 23,885 23,885
Trade creditors 414,135 624,929
Bank loans and overdrafts 30,019 60,823
Other loans 2,857,838 1,166,871
Other creditors 10,278 71,609
Taxation and social security 76,417 48,457
3,412,572 1,996,574
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 23,000 40,474
Bank loans 12,500 42,500
35,500 82,974
9. Loans
An analysis of the maturity of loans is given below:
2024 2023
£ £
Amounts falling due within one year or on demand:
Bank loans 30,000 30,000
Other loans 2,857,838 1,166,871
2,887,838 1,196,871
2024 2023
£ £
Amounts falling due between one and five years:
Bank loans 12,500 42,500
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10. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year 23,885 23,885
Later than one year and not later than five years 23,000 40,474
46,885 64,359
46,885 64,359
11. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 300 300
12. FRC's Ethical Standard - Provision Available for Small Entities
In common with other businesses of our size and nature we use our auditors to prepare and submit returns to the tax authorities and assist with the preparation of the financial statements.
13. Audit Information
The auditor's report on the accounts of Sarkar Tactical Ltd for the year ended 31 December 2024 was unqualified.
The auditor's report was signed by Craig M Fotheringham BSc CA (Senior Statutory Auditor) for and on behalf of The Kelvin Partnership Ltd , Statutory Auditor.
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