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 04292582 Mr Charles Shaw Ms Alison Turney iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 04292582 2022-12-31 04292582 2023-12-31 04292582 2023-01-01 2023-12-31 04292582 frs-core:CurrentFinancialInstruments 2023-12-31 04292582 frs-core:ComputerEquipment 2023-12-31 04292582 frs-core:ComputerEquipment 2023-01-01 2023-12-31 04292582 frs-core:ComputerEquipment 2022-12-31 04292582 frs-core:FurnitureFittings 2023-12-31 04292582 frs-core:FurnitureFittings 2023-01-01 2023-12-31 04292582 frs-core:FurnitureFittings 2022-12-31 04292582 frs-core:NetGoodwill 2023-12-31 04292582 frs-core:NetGoodwill 2023-01-01 2023-12-31 04292582 frs-core:NetGoodwill 2022-12-31 04292582 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-12-31 04292582 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-01-01 2023-12-31 04292582 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2022-12-31 04292582 frs-core:ShareCapital 2023-12-31 04292582 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 04292582 frs-bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 04292582 frs-bus:FilletedAccounts 2023-01-01 2023-12-31 04292582 frs-bus:SmallEntities 2023-01-01 2023-12-31 04292582 frs-bus:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 04292582 frs-bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 04292582 frs-bus:Director1 2023-01-01 2023-12-31 04292582 frs-bus:Director2 2023-01-01 2023-12-31 04292582 frs-countries:EnglandWales 2023-01-01 2023-12-31 04292582 2021-12-31 04292582 2022-12-31 04292582 2022-01-01 2022-12-31 04292582 frs-core:CurrentFinancialInstruments 2022-12-31 04292582 frs-core:ShareCapital 2022-12-31 04292582 frs-core:RetainedEarningsAccumulatedLosses 2022-12-31
Registered number: 04292582
Esteiro Business Solutions Limited
Unaudited Financial Statements
For The Year Ended 31 December 2023
Broadwing Accountancy Services Limited
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 04292582
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 5 68,198 46,242
68,198 46,242
CURRENT ASSETS
Debtors 6 653,938 585,103
Cash at bank and in hand 1,045,974 788,029
1,699,912 1,373,132
Creditors: Amounts Falling Due Within One Year 7 (576,955 ) (550,160 )
NET CURRENT ASSETS (LIABILITIES) 1,122,957 822,972
TOTAL ASSETS LESS CURRENT LIABILITIES 1,191,155 869,214
PROVISIONS FOR LIABILITIES
Deferred Taxation (12,422 ) (6,638 )
NET ASSETS 1,178,733 862,576
CAPITAL AND RESERVES
Called up share capital 8 100 100
Profit and Loss Account 1,178,633 862,476
SHAREHOLDERS' FUNDS 1,178,733 862,576
Page 1
Page 2
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 Charles Shaw
Director
19/02/2024
The notes on pages 3 to 5 form part of these financial statements.
Page 2
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Notes to the Financial Statements
1. General Information
Esteiro Business Solutions Limited is a private company, limited by shares, incorporated in England & Wales, registered number 04292582 . The registered office is Ryehills Park West Haddon, Northamptonshire, NN6 7BX.
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 - 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 .... 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:
Leasehold 16.67% straight line
Fixtures & Fittings 33% straight line
Computer Equipment 33% straight line
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 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.
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3. Average Number of Employees
Average number of employees, including directors, during the year was: 47 (2022: 44)
47 44
4. Intangible Assets
Goodwill
£
Cost
As at 1 January 2023 145,610
As at 31 December 2023 145,610
Amortisation
As at 1 January 2023 145,610
As at 31 December 2023 145,610
5. Tangible Assets
Land & Property
Leasehold Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 January 2023 95,964 94,112 565,572 755,648
Additions - - 60,952 60,952
As at 31 December 2023 95,964 94,112 626,524 816,600
Depreciation
As at 1 January 2023 95,964 93,783 519,659 709,406
Provided during the period - 156 38,840 38,996
As at 31 December 2023 95,964 93,939 558,499 748,402
Net Book Value
As at 31 December 2023 - 173 68,025 68,198
As at 1 January 2023 - 329 45,913 46,242
6. Debtors
2023 2022
£ £
Due within one year
Trade debtors 92,999 92,159
Other debtors 116,515 100,535
Amounts owed by group undertakings 37,478 (14,537 )
Amounts owed by associates 406,946 406,946
653,938 585,103
Page 4
Page 5
7. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 74,392 60,259
Corporation tax (40,939 ) 195
Other taxes and social security 200,635 178,396
Other creditors 342,867 311,310
576,955 550,160
8. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 100 100
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