Acorah Software Products - Accounts Production 14.6.300 false true 30 April 2023 1 May 2022 false 1 May 2023 30 April 2024 30 April 2024 08508521 Mr John Barnard iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 08508521 2023-04-30 08508521 2024-04-30 08508521 2023-05-01 2024-04-30 08508521 frs-core:CurrentFinancialInstruments 2024-04-30 08508521 frs-core:Non-currentFinancialInstruments 2024-04-30 08508521 frs-core:BetweenOneFiveYears 2024-04-30 08508521 frs-core:ComputerEquipment 2024-04-30 08508521 frs-core:ComputerEquipment 2023-05-01 2024-04-30 08508521 frs-core:ComputerEquipment 2023-04-30 08508521 frs-core:FurnitureFittings 2024-04-30 08508521 frs-core:FurnitureFittings 2023-05-01 2024-04-30 08508521 frs-core:FurnitureFittings 2023-04-30 08508521 frs-core:PlantMachinery 2024-04-30 08508521 frs-core:PlantMachinery 2023-05-01 2024-04-30 08508521 frs-core:PlantMachinery 2023-04-30 08508521 frs-core:WithinOneYear 2024-04-30 08508521 frs-core:ShareCapital 2024-04-30 08508521 frs-core:RetainedEarningsAccumulatedLosses 2024-04-30 08508521 frs-bus:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 08508521 frs-bus:FilletedAccounts 2023-05-01 2024-04-30 08508521 frs-bus:SmallEntities 2023-05-01 2024-04-30 08508521 frs-bus:AuditExempt-NoAccountantsReport 2023-05-01 2024-04-30 08508521 frs-bus:SmallCompaniesRegimeForAccounts 2023-05-01 2024-04-30 08508521 frs-bus:Director1 2023-05-01 2024-04-30 08508521 frs-core:CurrentFinancialInstruments 1 2024-04-30 08508521 frs-countries:EnglandWales 2023-05-01 2024-04-30 08508521 2022-04-30 08508521 2023-04-30 08508521 2022-05-01 2023-04-30 08508521 frs-core:CurrentFinancialInstruments 2023-04-30 08508521 frs-core:Non-currentFinancialInstruments 2023-04-30 08508521 frs-core:BetweenOneFiveYears 2023-04-30 08508521 frs-core:WithinOneYear 2023-04-30 08508521 frs-core:ShareCapital 2023-04-30 08508521 frs-core:RetainedEarningsAccumulatedLosses 2023-04-30 08508521 frs-core:CurrentFinancialInstruments 1 2023-04-30
Registered number: 08508521
Essential Supplies Kent Limited
Unaudited Financial Statements
For The Year Ended 30 April 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 08508521
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 44,938 46,145
44,938 46,145
CURRENT ASSETS
Stocks 5 - 8,150
Debtors 6 6,316 3,848
Cash at bank and in hand 15,964 12,467
22,280 24,465
Creditors: Amounts Falling Due Within One Year 7 (22,254 ) (17,845 )
NET CURRENT ASSETS (LIABILITIES) 26 6,620
TOTAL ASSETS LESS CURRENT LIABILITIES 44,964 52,765
Creditors: Amounts Falling Due After More Than One Year 8 (38,375 ) (11,890 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (9,570 ) (8,768 )
NET (LIABILITIES)/ASSETS (2,981 ) 32,107
CAPITAL AND RESERVES
Called up share capital 10 10 10
Profit and Loss Account (2,991 ) 32,097
SHAREHOLDERS' FUNDS (2,981) 32,107
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Page 2
For the year ending 30 April 2024 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
Mr John Barnard
Director
25/07/2024
The notes on pages 3 to 6 form part of these financial statements.
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Page 3
Notes to the Financial Statements
1. General Information
Essential Supplies Kent Limited is a private company, limited by shares, incorporated in England & Wales, registered number 08508521 . The registered office is 140 Bexley Road, Erith, DA8 3SP.
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 15% on reducing balance
Fixtures & Fittings 15% on reducing balance
Computer Equipment 15% on 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.
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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 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 in respect of all timing differences that have originated but not reversed at the balance
sheet date.
Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from
those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that
have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the
timing difference.
Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they
will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
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: 2 (2023: 2)
2 2
4. Tangible Assets
Plant & Machinery Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 May 2023 64,625 5,397 1,691 71,713
Additions 48,145 - - 48,145
Disposals (61,543 ) - - (61,543 )
As at 30 April 2024 51,227 5,397 1,691 58,315
Depreciation
As at 1 May 2023 22,149 2,299 1,120 25,568
Provided during the period 7,380 464 86 7,930
Disposals (20,121 ) - - (20,121 )
As at 30 April 2024 9,408 2,763 1,206 13,377
Net Book Value
As at 30 April 2024 41,819 2,634 485 44,938
As at 1 May 2023 42,476 3,098 571 46,145
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5. Stocks
2024 2023
£ £
Stock - 8,150
6. Debtors
2024 2023
£ £
Due within one year
Other debtors - 312
Intercompany 6,316 3,536
6,316 3,848
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 4,177 4,177
Trade creditors (2 ) -
Corporation tax 12,449 7,936
Other taxes and social security - 144
VAT 1,906 5,324
Other creditors 576 -
Director's loan account 3,148 264
22,254 17,845
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 38,375 11,890
9. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year 4,177 4,177
Later than one year and not later than five years 38,375 11,890
42,552 16,067
42,552 16,067
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10. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 10 10
11. Related Party Transactions
Included in other creditors is an amount of £3,148 (£264 in 2023), owed to the company by the director Mr J Barnard. This loan is interest free and no repayment terms have been agreed.
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