Acorah Software Products - Accounts Production 14.5.601 false true 29 April 2022 1 May 2021 false 30 April 2022 30 April 2023 30 April 2023 12338547 Anthony O'Connor Broadstairs Company Secretaries Limited iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 12338547 2022-04-29 12338547 2023-04-30 12338547 2022-04-30 2023-04-30 12338547 frs-core:CurrentFinancialInstruments 2023-04-30 12338547 frs-core:Non-currentFinancialInstruments 2023-04-30 12338547 frs-core:ShareCapital 2023-04-30 12338547 frs-core:RetainedEarningsAccumulatedLosses 2023-04-30 12338547 frs-bus:PrivateLimitedCompanyLtd 2022-04-30 2023-04-30 12338547 frs-bus:FilletedAccounts 2022-04-30 2023-04-30 12338547 frs-bus:SmallEntities 2022-04-30 2023-04-30 12338547 frs-bus:AuditExempt-NoAccountantsReport 2022-04-30 2023-04-30 12338547 frs-bus:SmallCompaniesRegimeForAccounts 2022-04-30 2023-04-30 12338547 frs-bus:Director1 2022-04-30 2023-04-30 12338547 frs-bus:CompanySecretary1 2022-04-30 2023-04-30 12338547 frs-countries:EnglandWales 2022-04-30 2023-04-30 12338547 2021-04-30 12338547 2022-04-29 12338547 2021-05-01 2022-04-29 12338547 frs-core:CurrentFinancialInstruments 2022-04-29 12338547 frs-core:Non-currentFinancialInstruments 2022-04-29 12338547 frs-core:ShareCapital 2022-04-29 12338547 frs-core:RetainedEarningsAccumulatedLosses 2022-04-29
Registered number: 12338547
71-79 Eaton Road Limited
Unaudited Financial Statements
For The Year Ended 30 April 2023
Bryars & Co
Unaudited Financial Statements
Contents
Page
Statement of Financial Position 1—2
Notes to the Financial Statements 3—4
Page 1
Statement of Financial Position
Registered number: 12338547
2023 2022
Notes £ £ £ £
FIXED ASSETS
Investment Properties 4 110,000 120,000
110,000 120,000
CURRENT ASSETS
Debtors 5 198,539 111,639
198,539 111,639
Creditors: Amounts Falling Due Within One Year 6 (61,825 ) (168,170 )
NET CURRENT ASSETS (LIABILITIES) 136,714 (56,531 )
TOTAL ASSETS LESS CURRENT LIABILITIES 246,714 63,469
Creditors: Amounts Falling Due After More Than One Year 7 (45,617 ) -
PROVISIONS FOR LIABILITIES
Deferred Taxation (15,000 ) (8,854 )
NET ASSETS 186,097 54,615
CAPITAL AND RESERVES
Called up share capital 8 100 100
Income Statement 185,997 54,515
SHAREHOLDERS' FUNDS 186,097 54,615
Page 1
Page 2
For the year ending 30 April 2023 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 Income Statement.
On behalf of the board
Anthony O'Connor
Director
23/04/2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
71-79 Eaton Road Limited is a private company, limited by shares, incorporated in England & Wales, registered number 12338547 . The registered office is Kent Innovation Centre Thanet Reach Business Park, Millennium Way, Broadstairs, CT10 2QQ.
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. Investment Properties
All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the income statement.
2.3. 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 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2022: 1)
1 1
4. Investment Property
2023
£
Fair Value
As at 30 April 2022 120,000
Disposals (42,346 )
Revaluations 32,346
As at 30 April 2023 110,000
If investment property had been accounted for under historical cost accounting rules, the amounts would be:
2023 2022
£ £
Cost - 73,400
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5. Debtors
2023 2022
£ £
Due within one year
Trade debtors 9,480 4,580
Prepayments and accrued income - 3,713
Other debtors 39,059 103,346
48,539 111,639
Due after more than one year
Amounts owed by group undertakings 150,000 -
150,000 -
198,539 111,639
6. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 1 1
Corporation tax 7,689 7,689
Other creditors 20,000 20,000
Accruals and deferred income 4,636 1,716
Director's loan account - 109,265
Amounts owed to group undertakings 29,499 29,499
61,825 168,170
7. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Other loans 45,617 -
45,617 -
8. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 100 100
Page 4