Acorah Software Products - Accounts Production 16.8.200 false true true 31 December 2023 1 January 2023 false 1 January 2024 31 December 2024 31 December 2024 12376710 Mrs S Sivarajan iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 12376710 2023-12-31 12376710 2024-12-31 12376710 2024-01-01 2024-12-31 12376710 frs-core:CurrentFinancialInstruments 2024-12-31 12376710 frs-core:Non-currentFinancialInstruments 2024-12-31 12376710 frs-core:ComputerEquipment 2024-12-31 12376710 frs-core:ComputerEquipment 2024-01-01 2024-12-31 12376710 frs-core:ComputerEquipment 2023-12-31 12376710 frs-core:MotorVehicles 2024-12-31 12376710 frs-core:MotorVehicles 2024-01-01 2024-12-31 12376710 frs-core:MotorVehicles 2023-12-31 12376710 frs-core:ShareCapital 2024-12-31 12376710 frs-core:RetainedEarningsAccumulatedLosses 2024-01-01 2024-12-31 12376710 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 12376710 frs-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 12376710 frs-bus:FilletedAccounts 2024-01-01 2024-12-31 12376710 frs-bus:SmallEntities 2024-01-01 2024-12-31 12376710 frs-bus:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 12376710 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 12376710 frs-core:DeferredTaxation 2024-01-01 2024-12-31 12376710 frs-core:DeferredTaxation 2024-12-31 12376710 frs-bus:Director1 2024-01-01 2024-12-31 12376710 frs-bus:Director1 2023-12-31 12376710 frs-bus:Director1 2024-12-31 12376710 frs-core:Non-currentFinancialInstruments 3 2024-12-31 12376710 frs-countries:EnglandWales 2024-01-01 2024-12-31 12376710 2022-12-31 12376710 2023-12-31 12376710 2023-01-01 2023-12-31 12376710 frs-core:CurrentFinancialInstruments 2023-12-31 12376710 frs-core:Non-currentFinancialInstruments 2023-12-31 12376710 frs-core:ShareCapital 2022-12-31 12376710 frs-core:ShareCapital 2023-12-31 12376710 frs-core:RetainedEarningsAccumulatedLosses 2023-01-01 2023-12-31 12376710 frs-core:RetainedEarningsAccumulatedLosses frs-core:PreviouslyStatedAmount 2022-12-31 12376710 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 12376710 frs-core:Non-currentFinancialInstruments 3 2023-12-31
Registered number: 12376710
Sri Lakshmi Services Ltd
Financial Statements
For The Year Ended 31 December 2024
BBK Partnership
Chartered Accountants & Statutory Auditors
1 Beauchamp Court
10 Victors Way
Barnet
Hertfordshire
EN5 5TZ
Contents
Page
Company Information 1
Statement of Financial Position 2—3
Statement of Changes in Equity 4
Notes to the Financial Statements 5—8
Page 1
Company Information
Director Mrs S Sivarajan
Company Number 12376710
Registered Office 1 Beauchamp Court
10 Victors Way
Barnet
Hertfordshire
EN5 5TZ
Accountants BBK Partnership
Chartered Accountants & Statutory Auditors
1 Beauchamp Court
10 Victors Way
Barnet
Hertfordshire
EN5 5TZ
Page 1
Page 2
Statement of Financial Position
Registered number: 12376710
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 14,537 19,522
14,537 19,522
CURRENT ASSETS
Debtors 5 22,380 28,113
Cash at bank and in hand 98,765 89,958
121,145 118,071
Creditors: Amounts Falling Due Within One Year 6 (9,695 ) (8,438 )
NET CURRENT ASSETS (LIABILITIES) 111,450 109,633
TOTAL ASSETS LESS CURRENT LIABILITIES 125,987 129,155
Creditors: Amounts Falling Due After More Than One Year 7 (41,479 ) (55,559 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (3,634 ) -
NET ASSETS 80,874 73,596
CAPITAL AND RESERVES
Called up share capital 10 100 100
Income Statement 80,774 73,496
SHAREHOLDERS' FUNDS 80,874 73,596
Page 2
Page 3
For the year ending 31 December 2024 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 her 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 Income Statement.
On behalf of the board
Mrs S Sivarajan
Director
30/12/2025
The notes on pages 5 to 8 form part of these financial statements.
Page 3
Page 4
Statement of Changes in Equity
Share Capital Income Statement Total
£ £ £
As at 1 January 2023 100 54,992 55,092
Profit for the year and total comprehensive income - 25,504 25,504
Dividends paid - (7,000) (7,000)
As at 31 December 2023 and 1 January 2024 100 73,496 73,596
Profit for the year and total comprehensive income - 27,278 27,278
Dividends paid - (20,000) (20,000)
As at 31 December 2024 100 80,774 80,874
Page 4
Page 5
Notes to the Financial Statements
1. General Information
Sri Lakshmi Services Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 12376710 . The registered office is 1 Beauchamp Court, 10 Victors Way, Barnet, Hertfordshire, EN5 5TZ.
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 not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.
2.3. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. 
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:
Motor Vehicles 25% on reducing balance
Computer Equipment 33% on cost
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 income statement 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 income statement as incurred.
2.6. 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.
...CONTINUED
Page 5
Page 6
2.6. Taxation - continued
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: NIL (2023: NIL)
- -
4. Tangible Assets
Motor Vehicles Computer Equipment Total
£ £ £
Cost
As at 1 January 2024 44,889 1,547 46,436
As at 31 December 2024 44,889 1,547 46,436
Depreciation
As at 1 January 2024 25,952 962 26,914
Provided during the period 4,735 250 4,985
As at 31 December 2024 30,687 1,212 31,899
Net Book Value
As at 31 December 2024 14,202 335 14,537
As at 1 January 2024 18,937 585 19,522
Page 6
Page 7
5. Debtors
2024 2023
£ £
Due within one year
Prepayments and accrued income - 3,000
Other debtors 10,000 -
Director's loan account 2,380 113
12,380 3,113
Due after more than one year
Other debtor 10,000 25,000
22,380 28,113
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Corporation tax 8,555 7,360
Accruals and deferred income 1,140 1,078
9,695 8,438
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 26,479 30,605
Bank loans 15,000 24,954
41,479 55,559
8. Secured Creditors
Of the creditors the following amounts are secured.
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 26,479 30,605
9. Provisions for Liabilities
Deferred Tax Total
£ £
Deferred taxation 3,634 3,634
Balance at 31 December 2024 3,634 3,634
Page 7
Page 8
10. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
11. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 January 2024 Amounts advanced Amounts repaid Amounts written off As at 31 December 2024
£ £ £ £ £
Mrs Sharmila Sivarajan 113 2,267 - - 2,380
The above loan was interest free and repaid within 9 months of the year end.
Page 8