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Registered number: 10030547
Atmiya Retail Limited
Unaudited Financial Statements
For The Year Ended 31 January 2025
Supra & Co
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 10030547
2025 2024
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 55,875 65,375
Tangible Assets 5 7,308 9,745
Investment Properties 6 205,020 205,020
268,203 280,140
CURRENT ASSETS
Stocks 7 43,943 49,287
Debtors 8 9,806 11,776
Cash at bank and in hand 201,868 173,563
255,617 234,626
Creditors: Amounts Falling Due Within One Year 9 (39,933 ) (63,246 )
NET CURRENT ASSETS (LIABILITIES) 215,684 171,380
TOTAL ASSETS LESS CURRENT LIABILITIES 483,887 451,520
Creditors: Amounts Falling Due After More Than One Year 10 (293,793 ) (330,844 )
NET ASSETS 190,094 120,676
CAPITAL AND RESERVES
Called up share capital 11 1 1
Profit and Loss Account 190,093 120,675
SHAREHOLDERS' FUNDS 190,094 120,676
Page 1
Page 2
For the year ending 31 January 2025 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 Ixitkumar Patel
Director
10/10/2025
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
Atmiya Retail Limited is a private company, limited by shares, incorporated in England & Wales, registered number 10030547 . The registered office is 65 Bulford Road, Durrington, Salisbury, SP4 8EU.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the FRS 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. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of 10 years.
2.4. 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:
Plant & Machinery 25% reducing balance
Fixtures & Fittings 25% reducing balance
2.5. Investment Properties
All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.
2.6. 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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2.7. 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: 4 (2024: 9)
4 9
4. Intangible Assets
Goodwill
£
Cost
As at 1 February 2024 95,000
As at 31 January 2025 95,000
Amortisation
As at 1 February 2024 29,625
Provided during the period 9,500
As at 31 January 2025 39,125
Net Book Value
As at 31 January 2025 55,875
As at 1 February 2024 65,375
5. Tangible Assets
Plant & Machinery Fixtures & Fittings Total
£ £ £
Cost
As at 1 February 2024 15,504 12,500 28,004
As at 31 January 2025 15,504 12,500 28,004
...CONTINUED
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Depreciation
As at 1 February 2024 10,102 8,157 18,259
Provided during the period 1,351 1,086 2,437
As at 31 January 2025 11,453 9,243 20,696
Net Book Value
As at 31 January 2025 4,051 3,257 7,308
As at 1 February 2024 5,402 4,343 9,745
6. Investment Property
2025
£
Fair Value
As at 1 February 2024 and 31 January 2025 205,020
7. Stocks
2025 2024
£ £
Stock 43,943 49,287
8. Debtors
2025 2024
£ £
Due within one year
Other debtors 9,806 9,806
VAT - 1,970
9,806 11,776
9. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 11,022 24,372
Corporation tax 24,230 24,592
Other taxes and social security 2,774 2,060
VAT 1,907 -
Other creditors - 11,007
Accruals and deferred income - 1,215
39,933 63,246
10. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Bank loans 97,994 105,847
Other creditors 195,799 224,997
293,793 330,844
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11. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 1 1
Page 6