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Registered number: 11766856
AMASI LOUNGE LTD
Unaudited Financial Statements
For The Year Ended 31 January 2025
Contents
Page
Accountants' Report 1
Balance Sheet 2—3
Statement of Changes in Equity 4
Notes to the Financial Statements 5—7
Page 1
Accountants' Report
Report of the Accountant to the director of AMASI LOUNGE LTD
These financial statements have been prepared in accordance with our terms of engagement and in order to assist you to fulfil your duties under the Companies Acts that relate to preparing the financial statements of the company for the year ended 31 January 2025.
We have prepared these financial statements based on the accounting records, information and explanations provided by you. We do not express any opinion on the financial statements.
On the Balance Sheet you have acknowledged your duties under the prevailing Companies Acts to ensure that the company keeps adequate accounting records and prepares financial statements that give “a true and fair view”.
You have determined that the company is exempt from the statutory requirement for an audit for this accounting year. Therefore, the financial statements are unaudited.
The financial statements are provided exclusively to the director for the limited purpose mentioned above, and may not be used or relied upon for any other purpose or by any other person, and we shall not be liable for any other usage or reliance.
ZA Ltd
03/01/2026
Page 1
Page 2
Balance Sheet
Registered number: 11766856
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 41,394 44,817
41,394 44,817
CURRENT ASSETS
Stocks 5 5,994 4,881
Debtors 6 62,204 54,996
Cash at bank and in hand 8,960 7,647
77,158 67,524
Creditors: Amounts Falling Due Within One Year 7 (32,452 ) (26,058 )
NET CURRENT ASSETS (LIABILITIES) 44,706 41,466
TOTAL ASSETS LESS CURRENT LIABILITIES 86,100 86,283
Creditors: Amounts Falling Due After More Than One Year 8 (17,047 ) (29,507 )
NET ASSETS 69,053 56,776
CAPITAL AND RESERVES
Called up share capital 9 1 1
Profit and Loss Account 69,052 56,775
SHAREHOLDERS' FUNDS 69,053 56,776
Page 2
Page 3
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 AHMAD FARHAN
Director
03/01/2026
The notes on pages 5 to 7 form part of these financial statements.
Page 3
Page 4
Statement of Changes in Equity
Share Capital Profit and Loss Account Total
£ £ £
As at 1 February 2023 1 52,661 52,662
Profit for the year and total comprehensive income - 29,114 29,114
Dividends paid - (25,000) (25,000)
As at 31 January 2024 and 1 February 2024 1 56,775 56,776
Profit for the year and total comprehensive income - 37,277 37,277
Dividends paid - (25,000) (25,000)
As at 31 January 2025 1 69,052 69,053
Page 4
Page 5
Notes to the Financial Statements
1. General Information
AMASI LOUNGE LTD is a private company, limited by shares, incorporated in Northern Ireland, registered number 11766856 . The registered office is 12 WADSWORTH ROAD, GREENFORD, PERIVALE, UB6 7JD.
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:
Motor Vehicles 20% on reducing balance method
Fixtures & Fittings 20% on reducing balance method
2.4. 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.
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 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.
Page 5
Page 6
3. Average Number of Employees
Average number of employees, including directors, during the year was:
2025 2024
Office and administration 10 8
10 8
4. Tangible Assets
Motor Vehicles Fixtures & Fittings Total
£ £ £
Cost
As at 1 February 2024 32,252 57,757 90,009
Additions - 6,925 6,925
As at 31 January 2025 32,252 64,682 96,934
Depreciation
As at 1 February 2024 19,041 26,151 45,192
Provided during the period 2,642 7,706 10,348
As at 31 January 2025 21,683 33,857 55,540
Net Book Value
As at 31 January 2025 10,569 30,825 41,394
As at 1 February 2024 13,211 31,606 44,817
5. Stocks
2025 2024
£ £
Materials 5,994 4,881
6. Debtors
2025 2024
£ £
Due within one year
Trade debtors 53,103 46,950
Prepayments and accrued income 9,101 8,046
62,204 54,996
7. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Corporation tax 9,605 6,506
Other taxes and social security 9,501 8,374
VAT 7,520 5,779
Accruals and deferred income 5,826 5,399
32,452 26,058
Page 6
Page 7
8. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Bank loans 17,047 26,727
Car Finance - 2,780
17,047 29,507
9. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 1 1
10. Dividends
2025 2024
£ £
On equity shares:
Final dividend paid 25,000 25,000
Page 7