Acorah Software Products - Accounts Production 16.5.460 false true 31 January 2024 1 February 2023 false 1 February 2024 31 January 2025 31 January 2025 13827191 Mr Adrian KOZHEVNIKOV Mr Bisola ASOLO iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 13827191 2024-01-31 13827191 2025-01-31 13827191 2024-02-01 2025-01-31 13827191 frs-core:CurrentFinancialInstruments 2025-01-31 13827191 frs-core:ComputerEquipment 2025-01-31 13827191 frs-core:ComputerEquipment 2024-02-01 2025-01-31 13827191 frs-core:ComputerEquipment 2024-01-31 13827191 frs-core:SharePremium 2025-01-31 13827191 frs-core:ShareCapital 2025-01-31 13827191 frs-core:RetainedEarningsAccumulatedLosses 2025-01-31 13827191 frs-bus:PrivateLimitedCompanyLtd 2024-02-01 2025-01-31 13827191 frs-bus:FilletedAccounts 2024-02-01 2025-01-31 13827191 frs-bus:SmallEntities 2024-02-01 2025-01-31 13827191 frs-bus:AuditExempt-NoAccountantsReport 2024-02-01 2025-01-31 13827191 frs-bus:SmallCompaniesRegimeForAccounts 2024-02-01 2025-01-31 13827191 frs-bus:Director1 2024-02-01 2025-01-31 13827191 frs-bus:Director1 2024-01-31 13827191 frs-bus:Director1 2025-01-31 13827191 frs-bus:Director2 2024-02-01 2025-01-31 13827191 frs-countries:EnglandWales 2024-02-01 2025-01-31 13827191 2023-01-31 13827191 2024-01-31 13827191 2023-02-01 2024-01-31 13827191 frs-core:CurrentFinancialInstruments 2024-01-31 13827191 frs-core:SharePremium 2024-01-31 13827191 frs-core:ShareCapital 2024-01-31 13827191 frs-core:RetainedEarningsAccumulatedLosses 2024-01-31
Registered number: 13827191
Tokify Ltd
Unaudited Financial Statements
For The Year Ended 31 January 2025
Accounting SQL Limited t/a Spondoo Accountants
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 13827191
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 86 114
86 114
CURRENT ASSETS
Debtors 5 6,769 3,061
Cash at bank and in hand 308,097 619,312
314,866 622,373
Creditors: Amounts Falling Due Within One Year 6 (5,289 ) (4,332 )
NET CURRENT ASSETS (LIABILITIES) 309,577 618,041
TOTAL ASSETS LESS CURRENT LIABILITIES 309,663 618,155
NET ASSETS 309,663 618,155
CAPITAL AND RESERVES
Called up share capital 7 1,184 1,184
Share premium account 979,214 979,214
Profit and Loss Account (670,735 ) (362,243 )
SHAREHOLDERS' FUNDS 309,663 618,155
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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 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
Mr Bisola ASOLO
Director
17/10/2025
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Tokify Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 13827191 . The registered office is 101 Capital House 4 Plaza Gardens,, London, SW15 2DJ.
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. 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:
Computer Equipment 0.25 Reducing balance
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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2024: 2)
2 2
4. Tangible Assets
Computer Equipment
£
Cost
As at 1 February 2024 203
As at 31 January 2025 203
Depreciation
As at 1 February 2024 89
Provided during the period 28
As at 31 January 2025 117
Net Book Value
As at 31 January 2025 86
As at 1 February 2024 114
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5. Debtors
2025 2024
£ £
Due within one year
Other debtors 6,769 3,061
6. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 1 -
Other creditors 840 -
Taxation and social security 4,448 4,332
5,289 4,332
7. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 1,184 1,184
8. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 February 2024 Amounts advanced Amounts repaid Amounts written off As at 31 January 2025
£ £ £ £ £
Mr Bisola ASOLO 2,825 - - - -
The above loan is unsecured, interest free and repayable on demand.
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