Acorah Software Products - Accounts Production 16.7.461 false true 31 March 2024 1 April 2023 false 1 April 2024 31 March 2025 31 March 2025 11556922 Mr Mustafa Khanbhai Mr Tejas Dave Mr Tejas Dave true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 11556922 2024-03-31 11556922 2025-03-31 11556922 2024-04-01 2025-03-31 11556922 frs-core:CurrentFinancialInstruments 2025-03-31 11556922 frs-core:ComputerEquipment 2025-03-31 11556922 frs-core:ComputerEquipment 2024-04-01 2025-03-31 11556922 frs-core:ComputerEquipment 2024-03-31 11556922 frs-core:FurnitureFittings 2025-03-31 11556922 frs-core:FurnitureFittings 2024-04-01 2025-03-31 11556922 frs-core:FurnitureFittings 2024-03-31 11556922 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2025-03-31 11556922 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-04-01 2025-03-31 11556922 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-03-31 11556922 frs-core:OtherResidualIntangibleAssets 2025-03-31 11556922 frs-core:OtherResidualIntangibleAssets 2024-03-31 11556922 frs-core:SharePremium 2025-03-31 11556922 frs-core:ShareCapital 2025-03-31 11556922 frs-core:RetainedEarningsAccumulatedLosses 2025-03-31 11556922 frs-bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 11556922 frs-bus:FilletedAccounts 2024-04-01 2025-03-31 11556922 frs-bus:SmallEntities 2024-04-01 2025-03-31 11556922 frs-bus:AuditExempt-NoAccountantsReport 2024-04-01 2025-03-31 11556922 frs-bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 11556922 frs-bus:OrdinaryShareClass1 2024-04-01 2025-03-31 11556922 frs-bus:OrdinaryShareClass1 2025-03-31 11556922 1 2024-04-01 2025-03-31 11556922 frs-bus:Director1 2024-04-01 2025-03-31 11556922 frs-bus:Director2 2024-04-01 2025-03-31 11556922 frs-core:CurrentFinancialInstruments 1 2025-03-31 11556922 frs-core:CurrentFinancialInstruments 5 2025-03-31 11556922 frs-countries:EnglandWales 2024-04-01 2025-03-31 11556922 2023-03-31 11556922 2024-03-31 11556922 2023-04-01 2024-03-31 11556922 frs-core:CurrentFinancialInstruments 2024-03-31 11556922 frs-core:SharePremium 2024-03-31 11556922 frs-core:ShareCapital 2024-03-31 11556922 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 11556922 frs-bus:OrdinaryShareClass1 2023-04-01 2024-03-31 11556922 frs-core:CurrentFinancialInstruments 1 2024-03-31 11556922 frs-core:CurrentFinancialInstruments 5 2024-03-31
Registered number: 11556922
Avasam Ltd
Unaudited Financial Statements
For The Year Ended 31 March 2025
The Accountancy People Manchester Limited
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 11556922
2025 2024
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 1,750 1,750
Tangible Assets 5 42,222 47,295
43,972 49,045
CURRENT ASSETS
Debtors 6 169,030 169,049
Cash at bank and in hand 235,240 180,056
404,270 349,105
Creditors: Amounts Falling Due Within One Year 7 (164,235 ) (151,824 )
NET CURRENT ASSETS (LIABILITIES) 240,035 197,281
TOTAL ASSETS LESS CURRENT LIABILITIES 284,007 246,326
NET ASSETS 284,007 246,326
CAPITAL AND RESERVES
Called up share capital 8 2 2
Share premium account 1,940,271 1,940,271
Profit and Loss Account (1,656,266 ) (1,693,947 )
SHAREHOLDERS' FUNDS 284,007 246,326
Page 1
Page 2
For the year ending 31 March 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 Tejas Dave
Director
12 December 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
Avasam Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 11556922 . The registered office is 9 Oliver Business Park Oliver Road, Park Royal, London, NW10 7JB.
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:
Freehold 2%
Fixtures & Fittings 15%
Computer Equipment 5 Years Straight Line
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.
2.5. 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 year 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 asset reflects 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 or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
Page 3
Page 4
3. Average Number of Employees
Average number of employees, including directors, during the year was: 4 (2024: 4)
4 4
4. Intangible Assets
Other
£
Cost
As at 1 April 2024 1,750
As at 31 March 2025 1,750
Net Book Value
As at 31 March 2025 1,750
As at 1 April 2024 1,750
Separately acquired trademarks and licences are shown at historical cost. 
Trademarks, licences (including software) and customer-related intangible assets acquired in a business combination are recognised at fair value at the acquisition date. 
Trademarks, licences and customer-related intangible assets have a finite useful life and are carried at cost less accumulated amortisation and any accumulated impairment losses.
5. Tangible Assets
Land & Property
Freehold Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 April 2024 44,821 27,790 14,705 87,316
As at 31 March 2025 44,821 27,790 14,705 87,316
Depreciation
As at 1 April 2024 4,482 20,843 14,696 40,021
Provided during the period 896 4,168 9 5,073
As at 31 March 2025 5,378 25,011 14,705 45,094
Net Book Value
As at 31 March 2025 39,443 2,779 - 42,222
As at 1 April 2024 40,339 6,947 9 47,295
6. Debtors
2025 2024
£ £
Due within one year
Trade debtors 48,379 7,978
Prepayments and accrued income 4,154 4,859
Other debtors 115,007 115,007
Other debtors (1) 1,490 -
Corporation tax recoverable assets - 41,205
169,030 169,049
Page 4
Page 5
7. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 12,898 9,014
Other taxes and social security 4,114 6,750
VAT 27,088 19,274
Other creditors 86,949 86,082
Other creditors (5) 5,366 2,884
Accruals and deferred income 17,820 17,820
Directors' loan accounts 10,000 10,000
164,235 151,824
8. Share Capital
2025 2024
Allotted, called up and fully paid £ £
1 Ordinary Shares of £ 1.511570 each 2 2
9. Related Party Transactions
During the year, rent of £18,000 (2023: £34,500) was paid to E - Business Guru Limited, a company incorporated in Engalnd and Wales, also owned by the director Mr T Dave.
During the year, payments of £97,522 (2023: £117,500) was paid to Hrim Tech Solutions PVT Limited for Software Development and Consultancy, a company incorporated in India of which Mr T Dave is a shareholder, holding 70% of the shares
10. Ultimate Controlling Party
The company's ultimate controlling party is Mr Tejas Dave
Page 5