Acorah Software Products - Accounts Production 14.5.601 false true 31 December 2022 1 January 2022 false 1 January 2023 31 December 2023 31 December 2023 03141074 Mr R B Hill Mr A Lewis Mr P Burt Mrs D French EOC Services (Holdings) Ltd false iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 03141074 2022-12-31 03141074 2023-12-31 03141074 2023-01-01 2023-12-31 03141074 frs-core:CurrentFinancialInstruments 2023-12-31 03141074 frs-core:Non-currentFinancialInstruments 2023-12-31 03141074 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-01-01 2023-12-31 03141074 frs-core:NetGoodwill 2023-12-31 03141074 frs-core:NetGoodwill 2023-01-01 2023-12-31 03141074 frs-core:NetGoodwill 2022-12-31 03141074 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-12-31 03141074 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-01-01 2023-12-31 03141074 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2022-12-31 03141074 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-12-31 03141074 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 03141074 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2022-12-31 03141074 frs-core:MotorVehicles 2023-12-31 03141074 frs-core:MotorVehicles 2023-01-01 2023-12-31 03141074 frs-core:MotorVehicles 2022-12-31 03141074 frs-core:OtherResidualIntangibleAssets 2023-12-31 03141074 frs-core:OtherResidualIntangibleAssets 2023-01-01 2023-12-31 03141074 frs-core:OtherResidualIntangibleAssets 2022-12-31 03141074 frs-core:PlantMachinery 2023-12-31 03141074 frs-core:PlantMachinery 2023-01-01 2023-12-31 03141074 frs-core:PlantMachinery 2022-12-31 03141074 frs-core:ShareCapital 2023-12-31 03141074 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 03141074 frs-bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 03141074 frs-bus:FilletedAccounts 2023-01-01 2023-12-31 03141074 frs-bus:SmallEntities 2023-01-01 2023-12-31 03141074 frs-bus:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 03141074 frs-bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 03141074 1 2023-01-01 2023-12-31 03141074 frs-bus:Director1 2023-01-01 2023-12-31 03141074 frs-bus:Director2 2023-01-01 2023-12-31 03141074 frs-bus:Director3 2023-01-01 2023-12-31 03141074 frs-bus:CompanySecretary1 2023-01-01 2023-12-31 03141074 frs-countries:EnglandWales 2023-01-01 2023-12-31 03141074 2021-12-31 03141074 2022-12-31 03141074 2022-01-01 2022-12-31 03141074 frs-core:CurrentFinancialInstruments 2022-12-31 03141074 frs-core:Non-currentFinancialInstruments 2022-12-31 03141074 frs-core:ShareCapital 2022-12-31 03141074 frs-core:RetainedEarningsAccumulatedLosses 2022-12-31
Registered number: 03141074
EOC Services Limited
Unaudited Financial Statements
For The Year Ended 31 December 2023
Steve Pye & Co.
Chartered Certified Accountants
3 North Lynn Bus. Village
Bergen Way, North Lynn Industrial Estate
King's Lynn
Norfolk
PE30 2JG
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 03141074
2023 2022
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 13,712 -
Tangible Assets 5 399,599 341,551
413,311 341,551
CURRENT ASSETS
Stock & WIP 344,763 247,985
Debtors 6 1,726,785 1,475,354
Cash at bank and in hand 102,396 76,850
2,173,944 1,800,189
Creditors: Amounts Falling Due Within One Year 7 (1,546,823 ) (1,388,082 )
NET CURRENT ASSETS (LIABILITIES) 627,121 412,107
TOTAL ASSETS LESS CURRENT LIABILITIES 1,040,432 753,658
Creditors: Amounts Falling Due After More Than One Year 8 (230,474 ) (381,819 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (47,090 ) (24,051 )
NET ASSETS 762,868 347,788
CAPITAL AND RESERVES
Called up share capital 9 1,750 1,750
Profit and Loss Account 761,118 346,038
SHAREHOLDERS' FUNDS 762,868 347,788
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For the year ending 31 December 2023 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 R B Hill
Director
9 April 2024
The notes on pages 3 to 6 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
EOC Services Limited is a private company, limited by shares, incorporated in England & Wales, registered number 03141074 . The registered office is Sovereign Way, Trafalgar Industrial Estate, Downham Market, Norfolk, PE38 9SW.  The presentation currency of the financial statements is the Pound Sterling (£).
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. Significant judgements and estimations
In the application of the company's accounting policies, management is required to make judgements, estimates and assumptions about the carrying value of assets and liabilities that are not readily apparent from other sources. The estimates and underlying assumptions are based on historical experience and other factors that are considered relevant. Actual results may differ from these estimates. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period to which the estimate is revised if the revision affects only that period or in the period of revision and future periods if the revision affects both current and future periods. The key sources of estimation uncertainty that have a significant effect on the amounts recognised in the financial statements are the depreciation charges that are calculated with reference to the useful economic life of fixed assets.
2.3. 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.
2.4. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of 20 years.
2.5. Intangible Fixed Assets and Amortisation - Other Intangible
Other intangible assets are computer software. It is amortised to profit and loss account over its estimated economic life of 3 years.
2.6. 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 0%
Improvements to Property 10% on cost
Plant & Machinery 25% on cost and 10% on cost
Motor Vehicles 25% on cost
2.7. 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.
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2.8. Financial Instruments
The company enters into basic financial instruments that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third parties and loans to related parties.
a) Trade and other debtors
Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method, less impairment losses for bad and doubtful debts except where the effect of discounting would be immaterial. In such cases, the receivables are stated at cost less impairment losses for bad and doubtful debts.
b) Cash and cash equivalents
Cash and cash equivalents comprise cash at bank and in hand.
c) Impairment of financial assets
Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in profit or loss.
For financial assets measured at amortised cost, the impairment loss is measured as the difference between an asset's carrying amount and the present value of estimated cash flows discounted at the asset's original effective interest rate. If a financial asset has a variable interest rate, the discount rate for measuring any impairment loss is the current effective interest rate determined under the contract.
For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and the best estimate, which is an approximation, of the amount that the company would receive for the asset if it were to be sold at the reporting date.
d) Trade and other creditors
Debt instruments like loans and other accounts payable are initially measured at present value of the future payments and subsequently at amortised cost using the effective interest method. Debt instruments that are payable within one year, typically trade payables, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid. However, if the arrangements of a short-term instrument constitute a financing transaction, like the payment of a trade debt deferred beyond normal business terms or financed at a rate of interest that is not a market rate or in case of an outright short-term loan not at market rate, the financial asset is measured, initially and subsequently, at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
Financial assets and liabilities are offset and the net amount reported in the statement of financial position when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
2.9. 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.
2.10. 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 40 (2022: 40)
40 40
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4. Intangible Assets
Goodwill Computer Software Total
£ £ £
Cost
As at 1 January 2023 6,500 - 6,500
Additions - 20,568 20,568
As at 31 December 2023 6,500 20,568 27,068
Amortisation
As at 1 January 2023 6,500 - 6,500
Provided during the period - 6,856 6,856
As at 31 December 2023 6,500 6,856 13,356
Net Book Value
As at 31 December 2023 - 13,712 13,712
As at 1 January 2023 - - -
5. Tangible Assets
Land & Property
Freehold Improvements to Property Plant & Machinery Motor Vehicles Total
£ £ £ £ £
Cost
As at 1 January 2023 177,934 79,882 173,083 193,475 624,374
Additions - 3,254 15,670 140,309 159,233
As at 31 December 2023 177,934 83,136 188,753 333,784 783,607
Depreciation
As at 1 January 2023 - 71,806 147,930 63,087 282,823
Provided during the period - 1,769 15,970 83,446 101,185
As at 31 December 2023 - 73,575 163,900 146,533 384,008
Net Book Value
As at 31 December 2023 177,934 9,561 24,853 187,251 399,599
As at 1 January 2023 177,934 8,076 25,153 130,388 341,551
6. Debtors
2023 2022
£ £
Due within one year
Trade debtors 861,931 827,199
Amounts owed by group undertakings 797,294 609,665
Other debtors 67,560 38,490
1,726,785 1,475,354
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7. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Net obligations under finance lease and hire purchase contracts 82,022 46,705
Trade creditors 618,281 604,217
Bank loans and overdrafts 195,841 167,792
Other creditors 554,914 518,208
Taxation and social security 95,765 51,160
1,546,823 1,388,082
8. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Net obligations under finance lease and hire purchase contracts 153,818 107,841
Bank loans 76,656 273,978
230,474 381,819
9. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 1,750 1,750
10. Controlling Party
The company is a wholly owned subsidiary of EOC Services (Holdings) Ltd which is the ultimate controlling party.
11. Loans
On 2nd February 2021, a fixed and floating charge was created securing any debts owed to Ultimate Finance
Ltd over all present and future freehold and leasehold land, and all present and future intellectual property
owned by EOC Services Ltd.
On 2nd February 2021, a fixed and floating charge was created securing any debts owed to Ultimate Finance
Ltd over the freehold property known as 'land lying to the west of Sovereign Way, Downham Market'.
On 2nd February 2021, a fixed and floating debenture charge was created securing a loan payable to Owner
Venture Managers Ltd over all company assets including freehold and leasehold property, plant and machinery,
book debts, investments and goodwill.
On 2nd February 2021, a fixed and floating charge was created securing monies owed to Mr D Hill, Mrs J Hill,
and Mr A Hill in relation to a Sales and Purchase Agreement (SPA) for the purchase of share capital over over
company undertakings, property and assets present and future.
On 17th February 2021, a fixed charge was created giving HSBC UK Bank Plc security over cash deposits held
by EOC Services Ltd up to the value of £30,000.
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