Acorah Software Products - Accounts Production 15.0.400 false true 31 July 2022 1 August 2021 false 1 August 2022 31 December 2023 31 December 2023 06815821 Mr M R Wrigglesworth Mr R W Brown Mr P Kemp Mrs J Allen Mr R W Brown iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 06815821 2022-07-31 06815821 2023-12-31 06815821 2022-08-01 2023-12-31 06815821 frs-core:CurrentFinancialInstruments 2023-12-31 06815821 frs-core:Non-currentFinancialInstruments 2023-12-31 06815821 frs-core:BetweenOneFiveYears 2023-12-31 06815821 frs-core:FurnitureFittings 2023-12-31 06815821 frs-core:FurnitureFittings 2022-08-01 2023-12-31 06815821 frs-core:FurnitureFittings 2022-07-31 06815821 frs-core:NetGoodwill 2023-12-31 06815821 frs-core:NetGoodwill 2022-08-01 2023-12-31 06815821 frs-core:NetGoodwill 2022-07-31 06815821 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-12-31 06815821 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2022-08-01 2023-12-31 06815821 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2022-07-31 06815821 frs-core:MotorVehicles 2023-12-31 06815821 frs-core:MotorVehicles 2022-08-01 2023-12-31 06815821 frs-core:MotorVehicles 2022-07-31 06815821 frs-core:WithinOneYear 2023-12-31 06815821 frs-core:ShareCapital 2023-12-31 06815821 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 06815821 frs-bus:PrivateLimitedCompanyLtd 2022-08-01 2023-12-31 06815821 frs-bus:FilletedAccounts 2022-08-01 2023-12-31 06815821 frs-bus:SmallEntities 2022-08-01 2023-12-31 06815821 frs-bus:AuditExempt-NoAccountantsReport 2022-08-01 2023-12-31 06815821 frs-bus:SmallCompaniesRegimeForAccounts 2022-08-01 2023-12-31 06815821 frs-bus:Director1 2022-08-01 2023-12-31 06815821 frs-bus:Director2 2022-08-01 2023-12-31 06815821 frs-bus:Director3 2022-08-01 2023-12-31 06815821 frs-bus:Director4 2022-08-01 2023-12-31 06815821 frs-bus:CompanySecretary1 2022-08-01 2023-12-31 06815821 frs-core:CurrentFinancialInstruments 1 2023-12-31 06815821 frs-countries:EnglandWales 2022-08-01 2023-12-31 06815821 2021-07-31 06815821 2022-07-31 06815821 2021-08-01 2022-07-31 06815821 frs-core:CurrentFinancialInstruments 2022-07-31 06815821 frs-core:Non-currentFinancialInstruments 2022-07-31 06815821 frs-core:BetweenOneFiveYears 2022-07-31 06815821 frs-core:MotorVehicles 2021-08-01 2022-07-31 06815821 frs-core:WithinOneYear 2022-07-31 06815821 frs-core:ShareCapital 2022-07-31 06815821 frs-core:RetainedEarningsAccumulatedLosses 2022-07-31 06815821 frs-core:CurrentFinancialInstruments 1 2022-07-31
Registered number: 06815821
Erc Accountants & Business Advisers Limited
Unaudited Financial Statements
For the Period 1 August 2022 to 31 December 2023
Unaudited Financial Statements
Contents
Page
Statement of Financial Position 1—2
Notes to the Financial Statements 3—7
Page 1
Statement of Financial Position
Registered number: 06815821
31 December 2023 31 July 2022
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 1,588,551 1,588,551
Tangible Assets 5 1,030,806 773,807
2,619,357 2,362,358
CURRENT ASSETS
Stocks 6 83,301 88,935
Debtors 7 334,653 349,087
Cash at bank and in hand 169,780 373
587,734 438,395
Creditors: Amounts Falling Due Within One Year 8 (704,825 ) (855,595 )
NET CURRENT ASSETS (LIABILITIES) (117,091 ) (417,200 )
TOTAL ASSETS LESS CURRENT LIABILITIES 2,502,266 1,945,158
Creditors: Amounts Falling Due After More Than One Year 9 (208,723 ) (88,225 )
NET ASSETS 2,293,543 1,856,933
CAPITAL AND RESERVES
Called up share capital 12 100 100
Income Statement 2,293,443 1,856,833
SHAREHOLDERS' FUNDS 2,293,543 1,856,933
Page 1
Page 2
For the period 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 Income Statement.
On behalf of the board
Mr R W Brown
Director
2 July 2024
The notes on pages 3 to 7 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Erc Accountants & Business Advisers Limited is a private company, limited by shares, incorporated in England & Wales, registered number 06815821 . The registered office is Hanover Buildings, 11-13 Hanover Street, Liverpool, Merseyside, L1 3DN.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
2.2. Turnover
Turnover is the total amount estimated to be receivable for services rendered and disbursements charged to clients during the period, excluding Value Added Tax.
Turnover is recognised when a right to consideration has been obtained through performance under each contract and reflects the contract activity during the year having regard to the stage of completion of each contract and the relative uncertainty of predicting ultimate profitability on long term assignments.
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. The directors have chosen not to amortise the goodwill.
2.4. Tangible Fixed Assets and Depreciation
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent 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 Over the term of the lease
Motor vehicles 25% reducing balance
Fixtures and fittings 15% - 33% reducing balance
2.5. 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 income statement 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 income statement as incurred.
2.6. Stocks and Work in Progress
Work in progress is valued on the basis of direct costs plus attributable overheads based on normal level of activity. Provision is made for any foreseeable losses where appropriate. An element of profit is included in the valuation of work in progress, in line with UITF 40.
2.7. Financial Instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.
Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability.
Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.
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2.8. Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
2.9. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the income statement as they become payable in accordance with the rules of the scheme.
2.10. Government Grant
Government grants are recognised in the income statement in an appropriate manner that matches them with the expenditure towards which they are intended to contribute.
Grants for immediate financial support or to cover costs already incurred are recognised immediately in the income statement. Grants towards general activities of the entity over a specific period are recognised in the income statement over that period.
Grants towards fixed assets are recognised over the expected useful lives of the related assets and are treated as deferred income and released to the income statement over the useful life of the asset concerned.
All grants in the income statement are recognised when all conditions for receipt have been complied with.
2.11. Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense.
Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.
3. Average Number of Employees
Average number of employees, including directors, during the period was: 23 (2022: 24)
23 24
4. Intangible Assets
Goodwill
£
Cost
As at 1 August 2022 1,588,551
As at 31 December 2023 1,588,551
Net Book Value
As at 31 December 2023 1,588,551
As at 1 August 2022 1,588,551
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5. Tangible Assets
Land & Property
Leasehold Motor vehicles Fixtures and fittings Total
£ £ £ £
Cost
As at 1 August 2022 818,739 - 65,752 884,491
Additions - 260,710 12,933 273,643
As at 31 December 2023 818,739 260,710 78,685 1,158,134
Depreciation
As at 1 August 2022 61,857 - 48,827 110,684
Provided during the period 7,944 - 8,700 16,644
As at 31 December 2023 69,801 - 57,527 127,328
Net Book Value
As at 31 December 2023 748,938 260,710 21,158 1,030,806
As at 1 August 2022 756,882 - 16,925 773,807
Included above are assets held under finance leases or hire purchase contracts with a net book value as follows:
31 December 2023 31 July 2022
£ £
Motor vehicles 260,710 -
260,710 -
6. Stocks
31 December 2023 31 July 2022
£ £
Work in progress 83,301 88,935
7. Debtors
31 December 2023 31 July 2022
£ £
Due within one year
Trade debtors 286,448 280,798
Prepayments and accrued income 35,604 64,981
Other debtors 174 362
TPS Partnership 12,427 -
Deferred tax current asset - 2,946
334,653 349,087
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8. Creditors: Amounts Falling Due Within One Year
31 December 2023 31 July 2022
£ £
Net obligations under finance lease and hire purchase contracts 51,987 -
Trade creditors 27,943 109,773
Bank loans and overdrafts - 49,546
Corporation tax 68,983 92,730
Other taxes and social security 14,299 12,573
VAT 61,534 81,769
Other creditors 179,612 89,972
Accruals and deferred income 39,783 37,633
Directors' loan accounts 260,684 381,599
704,825 855,595
9. Creditors: Amounts Falling Due After More Than One Year
31 December 2023 31 July 2022
£ £
Net obligations under finance lease and hire purchase contracts 208,723 -
Bank loans - 88,225
208,723 88,225
10. Secured Creditors
Of the creditors the following amounts are secured.
31 December 2023 31 July 2022
£ £
Net obligations under finance lease and hire purchase contracts 260,710 -
Bank loans and overdrafts - 137,771
11. Obligations Under Finance Leases and Hire Purchase
31 December 2023 31 July 2022
£ £
The future minimum finance lease payments are as follows:
Not later than one year 51,987 -
Later than one year and not later than five years 208,723 -
260,710 -
260,710 -
12. Share Capital
31 December 2023 31 July 2022
£ £
Allotted, Called up and fully paid 100 100
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13. Directors Advances, Credits and Guarantees
No director received advances, credits or guarantees during the current or previous accounting periods.
14. Dividends
31 December 2023 31 July 2022
£ £
On equity shares:
Final dividend paid 83,196 121,500
83,196 121,500
15. Related Party Transactions
The following related party transactions were undertaken during the year:
The directors were owed £260,084 (2022: £381,598) as at the reporting date.
A partnership under common control owed the company £12,427 (2022: £Nil) as at the reporting date.
No further transactions with related parties were undertaken such as are required to be disclosed in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
16. Change in reporting frequency
The financial reporting period was extended from 31 July 2023 to 31 December 2023 therefore the prior period results are not comparable.
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