Acorah Software Products - Accounts Production 15.0.500 false true true 30 November 2022 1 December 2021 false 1 December 2022 30 November 2023 30 November 2023 10109838 Ms Georgia Thompson iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 10109838 2022-11-30 10109838 2023-11-30 10109838 2022-12-01 2023-11-30 10109838 frs-core:CurrentFinancialInstruments 2023-11-30 10109838 frs-core:Non-currentFinancialInstruments 2023-11-30 10109838 frs-core:ComputerEquipment 2023-11-30 10109838 frs-core:ComputerEquipment 2022-12-01 2023-11-30 10109838 frs-core:ComputerEquipment 2022-11-30 10109838 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2022-12-01 2023-11-30 10109838 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-11-30 10109838 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2022-12-01 2023-11-30 10109838 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2022-11-30 10109838 frs-core:OtherResidualIntangibleAssets 2023-11-30 10109838 frs-core:OtherResidualIntangibleAssets 2022-12-01 2023-11-30 10109838 frs-core:OtherResidualIntangibleAssets 2022-11-30 10109838 frs-core:PlantMachinery 2023-11-30 10109838 frs-core:PlantMachinery 2022-12-01 2023-11-30 10109838 frs-core:PlantMachinery 2022-11-30 10109838 frs-core:SharePremium 2023-11-30 10109838 frs-core:ShareCapital 2023-11-30 10109838 frs-core:RetainedEarningsAccumulatedLosses 2023-11-30 10109838 frs-bus:PrivateLimitedCompanyLtd 2022-12-01 2023-11-30 10109838 frs-bus:FilletedAccounts 2022-12-01 2023-11-30 10109838 frs-bus:SmallEntities 2022-12-01 2023-11-30 10109838 frs-bus:AuditExempt-NoAccountantsReport 2022-12-01 2023-11-30 10109838 frs-bus:SmallCompaniesRegimeForAccounts 2022-12-01 2023-11-30 10109838 frs-bus:Director1 2022-12-01 2023-11-30 10109838 frs-countries:EnglandWales 2022-12-01 2023-11-30 10109838 2021-11-30 10109838 2022-11-30 10109838 2021-12-01 2022-11-30 10109838 frs-core:CurrentFinancialInstruments 2022-11-30 10109838 frs-core:Non-currentFinancialInstruments 2022-11-30 10109838 frs-core:SharePremium 2022-11-30 10109838 frs-core:ShareCapital 2022-11-30 10109838 frs-core:RetainedEarningsAccumulatedLosses 2022-11-30
Registered number: 10109838
Evarae Limited
Unaudited Financial Statements
For The Year Ended 30 November 2023
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 10109838
2023 2022
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 545 809
Tangible Assets 5 50,284 1,752
50,829 2,561
CURRENT ASSETS
Stocks 195,549 159,338
Debtors 6 309,705 395,342
Cash at bank and in hand 18 -
505,272 554,680
Creditors: Amounts Falling Due Within One Year 7 (481,196 ) (676,854 )
NET CURRENT ASSETS (LIABILITIES) 24,076 (122,174 )
TOTAL ASSETS LESS CURRENT LIABILITIES 74,905 (119,613 )
Creditors: Amounts Falling Due After More Than One Year 8 (402,772 ) (41,667 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (4,049 ) -
NET LIABILITIES (331,916 ) (161,280 )
CAPITAL AND RESERVES
Called up share capital 9 146,343 146,343
Share premium account 128,571 128,571
Profit and Loss Account (606,830 ) (436,194 )
SHAREHOLDERS' FUNDS (331,916) (161,280)
Page 1
Page 2
For the year ending 30 November 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 her 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
Ms Georgia Thompson
Director
31/07/2024
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
Evarae Limited is a private company, limited by shares, incorporated in England & Wales, registered number 10109838 . The registered office is No. 5 The Heights, Brooklands, Weybridge, Surrey, KT13 0NY.
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. Going Concern Disclosure
The director intends to provide financial support to the company, if it is required.  This will allow the company to continue in operational existence for the foreseeable future.  The going concern basis is therefore appropriate in preparing the financial statements.
2.3. 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.
2.4. Intangible Fixed Assets and Amortisation - Other Intangible
Intangible assets are stated at cost or valuation less amortisation and any provision for impairment. Amortisation is provided at rates calculated to write off the cost or valuation of intangible assets, less their estimated residual value, over their expected useful lives of 10 years.
2.5. 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:
Leasehold Improvements Over the life of the lease
Plant & Machinery Straight line method over a 4 year useful life
Computer Equipment Straight line method over a 3 year useful life
2.6. 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.
2.7. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
2.8. 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.
...CONTINUED
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2.8. Taxation - continued
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.
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: 5 (2022: 5)
5 5
4. Intangible Assets
Other
£
Cost
As at 1 December 2022 2,637
As at 30 November 2023 2,637
Amortisation
As at 1 December 2022 1,828
Provided during the period 264
As at 30 November 2023 2,092
Net Book Value
As at 30 November 2023 545
As at 1 December 2022 809
5. Tangible Assets
Land & Property
Leasehold Improvements Plant & Machinery Computer Equipment Total
£ £ £ £
Cost
As at 1 December 2022 - 24,367 5,393 29,760
Additions 52,573 - 649 53,222
As at 30 November 2023 52,573 24,367 6,042 82,982
Depreciation
As at 1 December 2022 - 24,367 3,641 28,008
Provided during the period 3,372 - 1,318 4,690
As at 30 November 2023 3,372 24,367 4,959 32,698
Net Book Value
As at 30 November 2023 49,201 - 1,083 50,284
As at 1 December 2022 - - 1,752 1,752
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6. Debtors
2023 2022
£ £
Due within one year
Trade debtors 274,294 391,735
Prepayments and accrued income 10,911 -
Other debtors 24,500 3,607
309,705 395,342
7. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 118,799 88,735
Bank loans and overdrafts 13,919 14,507
Other taxes and social security 12,319 4,915
VAT 52,992 98,327
Other creditors 65,506 470,370
Accruals and deferred income 217,661 -
481,196 676,854
8. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Bank loans 36,155 41,667
Other creditors 366,617 -
402,772 41,667
9. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 146,343 146,343
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