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Registered number: 10443978
Echo Fire And Medical Limited
Unaudited Financial Statements
For The Year Ended 31 December 2023
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 10443978
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 671,757 348,055
671,757 348,055
CURRENT ASSETS
Stocks 5 363,142 50,000
Debtors 6 112,208 156,160
Cash at bank and in hand 227,327 116,045
702,677 322,205
Creditors: Amounts Falling Due Within One Year 7 (247,103 ) (171,953 )
NET CURRENT ASSETS (LIABILITIES) 455,574 150,252
TOTAL ASSETS LESS CURRENT LIABILITIES 1,127,331 498,307
Creditors: Amounts Falling Due After More Than One Year 8 (130,548 ) (29,244 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (68,750 ) (66,130 )
NET ASSETS 928,033 402,933
CAPITAL AND RESERVES
Called up share capital 10 10 10
Profit and Loss Account 928,023 402,923
SHAREHOLDERS' FUNDS 928,033 402,933
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 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
J Leary
Director
17/04/2024
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Echo Fire And Medical Limited is a private company, limited by shares, incorporated in England & Wales, registered number 10443978 . The registered office is Unit 12 & 13 Chambers Way, Thorncliffe Industrial Estate, Sheffield, South Yorkshire, S35 2PH.
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.

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:
Plant & Machinery 25% reducing balance
Motor Vehicles 25% reducing balance
Computer Equipment 33% reducing balance
2.4. 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 profit and loss account as incurred.
2.5. 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.
2.6. 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 year 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 asset reflects 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.
...CONTINUED
Page 3
Page 4
2.6. Taxation - continued
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: 49 (2022: 15)
49 15
4. Tangible Assets
Plant & Machinery etc.
£
Cost
As at 1 January 2023 510,656
Additions 489,286
Disposals (63,080 )
As at 31 December 2023 936,862
Depreciation
As at 1 January 2023 162,601
Provided during the period 124,461
Disposals (21,957 )
As at 31 December 2023 265,105
Net Book Value
As at 31 December 2023 671,757
As at 1 January 2023 348,055
5. Stocks
2023 2022
£ £
Stock 363,142 50,000
6. Debtors
2023 2022
£ £
Due within one year
Trade debtors 29,460 64,070
Other debtors 82,748 92,090
112,208 156,160
Page 4
Page 5
7. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Net obligations under finance lease and hire purchase contracts 37,529 -
Trade creditors 115,257 93,372
Bank loans and overdrafts 4,460 4,460
Other creditors 22,513 57,466
Taxation and social security 67,344 16,655
247,103 171,953
8. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Net obligations under finance lease and hire purchase contracts 125,616 -
Bank loans 4,932 29,244
130,548 29,244
9. Obligations Under Finance Leases and Hire Purchase
2023 2022
£ £
The future minimum finance lease payments are as follows:
Not later than one year 37,529 -
Later than one year and not later than five years 125,616 -
163,145 -
163,145 -
10. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 10 10
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