Acorah Software Products - Accounts Production 14.5.601 false true 30 September 2022 1 October 2021 false 1 October 2022 30 September 2023 30 September 2023 08686912 Mr J A Walden Mr N E Walden Mr N E Walden Mr James Walden true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 08686912 2022-09-30 08686912 2023-09-30 08686912 2022-10-01 2023-09-30 08686912 frs-core:CurrentFinancialInstruments 2023-09-30 08686912 frs-core:Non-currentFinancialInstruments 2023-09-30 08686912 frs-core:FurnitureFittings 2023-09-30 08686912 frs-core:FurnitureFittings 2022-10-01 2023-09-30 08686912 frs-core:FurnitureFittings 2022-09-30 08686912 frs-core:PlantMachinery 2023-09-30 08686912 frs-core:PlantMachinery 2022-10-01 2023-09-30 08686912 frs-core:PlantMachinery 2022-09-30 08686912 frs-core:ShareCapital 2023-09-30 08686912 frs-core:RetainedEarningsAccumulatedLosses 2023-09-30 08686912 frs-bus:PrivateLimitedCompanyLtd 2022-10-01 2023-09-30 08686912 frs-bus:FilletedAccounts 2022-10-01 2023-09-30 08686912 frs-bus:SmallEntities 2022-10-01 2023-09-30 08686912 frs-bus:AuditExempt-NoAccountantsReport 2022-10-01 2023-09-30 08686912 frs-bus:SmallCompaniesRegimeForAccounts 2022-10-01 2023-09-30 08686912 1 2022-10-01 2023-09-30 08686912 frs-bus:Director1 2022-10-01 2023-09-30 08686912 frs-bus:Director2 2022-10-01 2023-09-30 08686912 frs-bus:CompanySecretary1 2022-10-01 2023-09-30 08686912 frs-countries:EnglandWales 2022-10-01 2023-09-30 08686912 2021-09-30 08686912 2022-09-30 08686912 2021-10-01 2022-09-30 08686912 frs-core:CurrentFinancialInstruments 2022-09-30 08686912 frs-core:Non-currentFinancialInstruments 2022-09-30 08686912 frs-core:ShareCapital 2022-09-30 08686912 frs-core:RetainedEarningsAccumulatedLosses 2022-09-30
Registered number: 08686912
Electric Farmyard Limited
Financial Statements
For The Year Ended 30 September 2023
1 Landor Road
London
SW9 9RX
Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 08686912
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 511 656
511 656
CURRENT ASSETS
Debtors 5 67,618 2,738
Cash at bank and in hand 5,550 42,715
73,168 45,453
Creditors: Amounts Falling Due Within One Year 7 (90,534 ) (42,174 )
NET CURRENT ASSETS (LIABILITIES) (17,366 ) 3,279
TOTAL ASSETS LESS CURRENT LIABILITIES (16,855 ) 3,935
Creditors: Amounts Falling Due After More Than One Year 8 (20,999 ) (29,845 )
NET LIABILITIES (37,854 ) (25,910 )
CAPITAL AND RESERVES
Called up share capital 9 120 120
Profit and Loss Account (37,974 ) (26,030 )
SHAREHOLDERS' FUNDS (37,854) (25,910)
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For the year ending 30 September 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 J A Walden
Director
30 April 2024
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Electric Farmyard Limited is a private company, limited by shares, incorporated in England & Wales, registered number 08686912 . The registered office is Fairman Harris, 1 Landor Road, London, SW9 9RX.
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.

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. 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% RB
Fixtures & Fittings 20% RB
2.4. 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
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4. Tangible Assets
Plant & Machinery Fixtures & Fittings Total
£ £ £
Cost
As at 1 October 2022 2,192 2,206 4,398
As at 30 September 2023 2,192 2,206 4,398
Depreciation
As at 1 October 2022 1,925 1,817 3,742
Provided during the period 67 78 145
As at 30 September 2023 1,992 1,895 3,887
Net Book Value
As at 30 September 2023 200 311 511
As at 1 October 2022 267 389 656
5. Debtors
2023 2022
£ £
Due within one year
Prepayments and accrued income 59,796 -
Corporation tax recoverable assets 2,285 2,201
Directors' loan accounts 5,000 -
Amounts owed by associates 537 537
67,618 2,738
6. Current Asset Investments
7. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 3,106 22
Bank loans and overdrafts 9,747 10,648
VAT 668 1,033
Accruals and deferred income 2,294 2,293
Directors' loan accounts 74,719 28,178
90,534 42,174
8. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Bank loans 20,999 29,845
20,999 29,845
The above loan is not secured. It is a bank loan given due to Covid 19.
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9. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 120 120
10. Related Party Transactions
During the year the company had balances with/or undertook transactions with other parties, material details of which are as follows:
Cake Artist Management Limited.
Relationship: Both have same directors and same person Mr James Walden as shareholder
Amount due from related party: £537, (2022 - £537)
11. Ultimate Controlling Party
The company's ultimate controlling party is Mr James Walden by virtue of his ownership and significant influence in the company.
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