Acorah Software Products - Accounts Production 14.6.300 false true 31 July 2022 1 August 2021 false 1 August 2022 31 July 2023 31 July 2023 12753950 Mr Sargis Sargisian iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 12753950 2022-07-31 12753950 2023-07-31 12753950 2022-08-01 2023-07-31 12753950 frs-core:ComputerEquipment 2022-08-01 2023-07-31 12753950 frs-core:MotorVehicles 2022-08-01 2023-07-31 12753950 frs-core:PlantMachinery 2022-08-01 2023-07-31 12753950 frs-core:WithinOneYear 2023-07-31 12753950 frs-core:ShareCapital 2023-07-31 12753950 frs-core:RetainedEarningsAccumulatedLosses 2023-07-31 12753950 frs-bus:PrivateLimitedCompanyLtd 2022-08-01 2023-07-31 12753950 frs-bus:AbridgedAccounts 2022-08-01 2023-07-31 12753950 frs-bus:SmallEntities 2022-08-01 2023-07-31 12753950 frs-bus:AuditExempt-NoAccountantsReport 2022-08-01 2023-07-31 12753950 frs-bus:SmallCompaniesRegimeForAccounts 2022-08-01 2023-07-31 12753950 frs-bus:Director1 2022-08-01 2023-07-31 12753950 frs-countries:EnglandWales 2022-08-01 2023-07-31 12753950 2021-07-31 12753950 2022-07-31 12753950 2021-08-01 2022-07-31 12753950 frs-core:WithinOneYear 2022-07-31 12753950 frs-core:ShareCapital 2022-07-31 12753950 frs-core:RetainedEarningsAccumulatedLosses 2022-07-31
Registered number: 12753950
Engineers For You Ltd
Unaudited ABRIDGED Financial Statements
For The Year Ended 31 July 2023
Contents
Page
Abridged Balance Sheet 1—2
Notes to the Abridged Financial Statements 3—4
Page 1
Abridged Balance Sheet
Registered number: 12753950
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 12,784 15,980
12,784 15,980
CURRENT ASSETS
Debtors 669 174
Cash at bank and in hand 1,717 1,949
2,386 2,123
Creditors: Amounts Falling Due Within One Year (29,401 ) (21,405 )
NET CURRENT ASSETS (LIABILITIES) (27,015 ) (19,282 )
TOTAL ASSETS LESS CURRENT LIABILITIES (14,231 ) (3,302 )
PROVISIONS FOR LIABILITIES
Deferred Taxation - (3,422 )
NET LIABILITIES (14,231 ) (6,724 )
CAPITAL AND RESERVES
Called up share capital 6 1 1
Profit and Loss Account (14,232 ) (6,725 )
SHAREHOLDERS' FUNDS (14,231) (6,724)
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For the year ending 31 July 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.
All of the company's members have consented to the preparation of an Abridged Balance Sheet for the year end 31 July 2023 in accordance with section 444(2A) of the Companies Act 2006.
On behalf of the board
Mr Sargis Sargisian
Director
30/07/2024
The notes on pages 3 to 4 form part of these financial statements.
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Notes to the Abridged Financial Statements
1. General Information
Engineers For You Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 12753950 . The registered office is 55 Vicarage Lane, Stradford, London, E15 4HG.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the FRS 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.
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 20% RBM
Motor Vehicles 20% RBM
Computer Equipment 20% RBM
2.4. Leasing and Hire Purchase Contracts
Assets obtained under hire purchase contracts and 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. Financial Instruments
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2022: 1)
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4. Tangible Assets
Total
£
Cost
As at 1 August 2022 23,842
As at 31 July 2023 23,842
Depreciation
As at 1 August 2022 7,862
Provided during the period 3,196
As at 31 July 2023 11,058
Net Book Value
As at 31 July 2023 12,784
As at 1 August 2022 15,980
5. Obligations Under Finance Leases and Hire Purchase
2023 2022
£ £
The future minimum finance lease payments are as follows:
Not later than one year 3,222 -
6. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 1 1
7. Related Party Transactions
At the balance sheet date, the company owed the director £14,545 (2022 - £19,819). The amounts were interest-free and repayable on demand.
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