Acorah Software Products - Accounts Production 19.3.550 false true 31 July 2024 1 August 2023 false 1 August 2024 31 July 2025 31 July 2025 11489800 Mr Satvir Khakh true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 11489800 2024-07-31 11489800 2025-07-31 11489800 2024-08-01 2025-07-31 11489800 frs-core:CurrentFinancialInstruments 2025-07-31 11489800 frs-core:Non-currentFinancialInstruments 2025-07-31 11489800 frs-core:ComputerEquipment 2025-07-31 11489800 frs-core:ComputerEquipment 2024-08-01 2025-07-31 11489800 frs-core:ComputerEquipment 2024-07-31 11489800 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2024-08-01 2025-07-31 11489800 frs-core:MotorVehicles 2025-07-31 11489800 frs-core:MotorVehicles 2024-08-01 2025-07-31 11489800 frs-core:MotorVehicles 2024-07-31 11489800 frs-core:OtherResidualIntangibleAssets 2025-07-31 11489800 frs-core:OtherResidualIntangibleAssets 2024-08-01 2025-07-31 11489800 frs-core:OtherResidualIntangibleAssets 2024-07-31 11489800 frs-core:PlantMachinery 2025-07-31 11489800 frs-core:PlantMachinery 2024-08-01 2025-07-31 11489800 frs-core:PlantMachinery 2024-07-31 11489800 frs-core:ShareCapital 2025-07-31 11489800 frs-core:RetainedEarningsAccumulatedLosses 2025-07-31 11489800 frs-bus:PrivateLimitedCompanyLtd 2024-08-01 2025-07-31 11489800 frs-bus:FilletedAccounts 2024-08-01 2025-07-31 11489800 frs-bus:SmallEntities 2024-08-01 2025-07-31 11489800 frs-bus:AuditExempt-NoAccountantsReport 2024-08-01 2025-07-31 11489800 frs-bus:SmallCompaniesRegimeForAccounts 2024-08-01 2025-07-31 11489800 1 2024-08-01 2025-07-31 11489800 frs-bus:Director1 2024-08-01 2025-07-31 11489800 frs-countries:EnglandWales 2024-08-01 2025-07-31 11489800 2023-07-31 11489800 2024-07-31 11489800 2023-08-01 2024-07-31 11489800 frs-core:CurrentFinancialInstruments 2024-07-31 11489800 frs-core:Non-currentFinancialInstruments 2024-07-31 11489800 frs-core:ShareCapital 2024-07-31 11489800 frs-core:RetainedEarningsAccumulatedLosses 2024-07-31
Registered number: 11489800
Our Fashion Ltd
Unaudited Financial Statements
For The Year Ended 31 July 2025
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—8
Page 1
Balance Sheet
Registered number: 11489800
2025 2024
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 230 346
Tangible Assets 5 232,860 397,458
233,090 397,804
CURRENT ASSETS
Stocks 6 30,276 299,011
Debtors 7 753,240 547,359
Investments 8 69,925 60,000
Cash at bank and in hand 89,870 87,630
943,311 994,000
Creditors: Amounts Falling Due Within One Year 9 (839,402 ) (721,445 )
NET CURRENT ASSETS (LIABILITIES) 103,909 272,555
TOTAL ASSETS LESS CURRENT LIABILITIES 336,999 670,359
Creditors: Amounts Falling Due After More Than One Year 10 (69,865 ) (128,853 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (57,929 ) (86,848 )
NET ASSETS 209,205 454,658
CAPITAL AND RESERVES
Called up share capital 11 100 100
Profit and Loss Account 209,105 454,558
SHAREHOLDERS' FUNDS 209,205 454,658
Page 1
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For the year ending 31 July 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 Satvir Khakh
Director
24 July 2026
The notes on pages 3 to 8 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Our Fashion Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 11489800 . The registered office is 21 High View Close, Hamilton Office Park, Hamilton, Leicester, LE4 9LJ.
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. Intangible Fixed Assets and Amortisation - Other Intangible
Other intangible assets are amortised to profit and loss account over its estimated economic life of 4 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% Straight Line
Motor Vehicles 25% Straight Line
Computer Equipment 25% Straight Line
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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 profit and loss account 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 profit and loss account as incurred.
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.
2.7. 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.
2.8. 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.
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2.9. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
2.10. Debtors & Creditors
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
2.11. Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
2.12. Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 30 (2024: 30)
30 30
4. Intangible Assets
Other
£
Cost
As at 1 August 2024 461
As at 31 July 2025 461
Amortisation
As at 1 August 2024 115
Provided during the period 116
As at 31 July 2025 231
...CONTINUED
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Net Book Value
As at 31 July 2025 230
As at 1 August 2024 346
5. Tangible Assets
Plant & Machinery Motor Vehicles Computer Equipment Total
£ £ £ £
Cost
As at 1 August 2024 764,351 89,056 4,230 857,637
Additions 67,614 22,933 - 90,547
Disposals (160,000 ) - - (160,000 )
As at 31 July 2025 671,965 111,989 4,230 788,184
Depreciation
As at 1 August 2024 419,363 39,014 1,802 460,179
Provided during the period 108,841 25,247 1,057 135,145
Disposals (40,000 ) - - (40,000 )
As at 31 July 2025 488,204 64,261 2,859 555,324
Net Book Value
As at 31 July 2025 183,761 47,728 1,371 232,860
As at 1 August 2024 344,988 50,042 2,428 397,458
6. Stocks
2025 2024
£ £
Stock 30,276 299,011
7. Debtors
2025 2024
£ £
Due within one year
Trade debtors 605,980 182,082
Other debtors 147,260 365,277
753,240 547,359
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8. Current Asset Investments
2025 2024
£ £
Unlisted investments 69,925 60,000
9. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Net obligations under finance lease and hire purchase contracts 61,742 125,815
Trade creditors 247,786 469,476
Bank loans and overdrafts 10,200 27,960
Other taxes and social security 299,567 97,231
Net wages 584 963
Other creditors 219,523 -
839,402 721,445
10. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Net obligations under finance lease and hire purchase contracts 69,486 118,628
Bank loans 379 10,225
69,865 128,853
11. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 100 100
12. Related Party Transactions
Directors Loan Account
This loan is free of interest and repayable on demand.
Amount due (to)/from the related party: 2025: (£108,889) (2024: £267,201).
This amount is included in other creditors/debtors.
SKBS Investments Ltd
A company in which Mr S Khakh is also a director and shareholder.
...CONTINUED
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12. Related Party Transactions - continued
There is a loan account between the two companies which is free of interest and repayable on demand and is included within other debtors.
Amount due from the related party: 2025 £147,160 (2024: £78,160).
SK Investments (Leicester) Ltd
A company in which the director is related to Mr S Khakh.
There is a loan account between the two companies which is free of interest and repayable on demand and is included within other creditors/debtors.
Amount due to/from the related party: 2025 £110,634 (2024: £15,816).
13. Ultimate Controlling Party
Mr S Khakh is the controlling party by virtue of his majority ownership of the issued ordinary share capital in the company.
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