Acorah Software Products - Accounts Production 14.6.300 false true 31 January 2023 1 February 2022 false 1 February 2023 31 January 2024 31 January 2024 05691428 Mr Matthew Hoare Mr John Hoare Mr John Hoare iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 05691428 2023-01-31 05691428 2024-01-31 05691428 2023-02-01 2024-01-31 05691428 frs-core:CurrentFinancialInstruments 2024-01-31 05691428 frs-core:Non-currentFinancialInstruments 2024-01-31 05691428 frs-core:FurnitureFittings 2024-01-31 05691428 frs-core:FurnitureFittings 2023-02-01 2024-01-31 05691428 frs-core:FurnitureFittings 2023-01-31 05691428 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-01-31 05691428 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-02-01 2024-01-31 05691428 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-01-31 05691428 frs-core:PlantMachinery 2024-01-31 05691428 frs-core:PlantMachinery 2023-02-01 2024-01-31 05691428 frs-core:PlantMachinery 2023-01-31 05691428 frs-core:ShareCapital 2024-01-31 05691428 frs-core:RetainedEarningsAccumulatedLosses 2024-01-31 05691428 frs-bus:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 05691428 frs-bus:FilletedAccounts 2023-02-01 2024-01-31 05691428 frs-bus:SmallEntities 2023-02-01 2024-01-31 05691428 frs-bus:AuditExempt-NoAccountantsReport 2023-02-01 2024-01-31 05691428 frs-bus:SmallCompaniesRegimeForAccounts 2023-02-01 2024-01-31 05691428 frs-core:DeferredTaxation 2023-02-01 2024-01-31 05691428 frs-core:DeferredTaxation 2023-01-31 05691428 frs-core:DeferredTaxation 2024-01-31 05691428 frs-bus:Director1 2023-02-01 2024-01-31 05691428 frs-bus:Director1 2023-01-31 05691428 frs-bus:Director1 2024-01-31 05691428 frs-bus:Director2 2023-02-01 2024-01-31 05691428 frs-bus:Director2 2023-01-31 05691428 frs-bus:Director2 2024-01-31 05691428 frs-bus:CompanySecretary1 2023-02-01 2024-01-31 05691428 frs-countries:EnglandWales 2023-02-01 2024-01-31 05691428 2022-01-31 05691428 2023-01-31 05691428 2022-02-01 2023-01-31 05691428 frs-core:CurrentFinancialInstruments 2023-01-31 05691428 frs-core:Non-currentFinancialInstruments 2023-01-31 05691428 frs-core:ShareCapital 2023-01-31 05691428 frs-core:RetainedEarningsAccumulatedLosses 2023-01-31
Registered number: 05691428
Effaux Securities Limited
Unaudited Financial Statements
For The Year Ended 31 January 2024
Dawes Accountants Limited
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 05691428
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 570,021 570,570
570,021 570,570
CURRENT ASSETS
Debtors 5 1,013 415
Cash at bank and in hand 75,904 83,935
76,917 84,350
Creditors: Amounts Falling Due Within One Year 6 (269,662 ) (306,799 )
NET CURRENT ASSETS (LIABILITIES) (192,745 ) (222,449 )
TOTAL ASSETS LESS CURRENT LIABILITIES 377,276 348,121
Creditors: Amounts Falling Due After More Than One Year 7 (61,580 ) (82,735 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (435 ) (545 )
NET ASSETS 315,261 264,841
CAPITAL AND RESERVES
Called up share capital 9 2 2
Profit and Loss Account 315,259 264,839
SHAREHOLDERS' FUNDS 315,261 264,841
Page 1
Page 2
For the year ending 31 January 2024 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 Matthew Hoare
Director
07/08/2024
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
Effaux Securities Limited is a private company, limited by shares, incorporated in England & Wales, registered number 05691428 . The registered office is 100 Queen Street, Newton Abbot, Devon, TQ12 2EU.
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 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:
Freehold no depreciation being applied
Plant & Machinery 25% Reducing Balance
Fixtures & Fittings 20% Reducing Balance
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.
2.5. Loan from associated company
A loan has been provided by Abbot Commercials Limited of £207,365, repaid to a current balance of £82,735 as at 31st January 2024. A company in which Mr Matthew Hoare is director and majority shareholder. The loan and interest is repayable on demand. 
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 2)
2 2
Page 3
Page 4
4. Tangible Assets
Land & Property
Freehold Plant & Machinery Fixtures & Fittings Total
£ £ £ £
Cost
As at 1 February 2023 567,846 840 12,583 581,269
As at 31 January 2024 567,846 840 12,583 581,269
Depreciation
As at 1 February 2023 - 755 9,944 10,699
Provided during the period - 21 528 549
As at 31 January 2024 - 776 10,472 11,248
Net Book Value
As at 31 January 2024 567,846 64 2,111 570,021
As at 1 February 2023 567,846 85 2,639 570,570
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 3,846 3,248
Prepayments and accrued income (2,833 ) (2,833 )
1,013 415
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Other loans 21,156 20,327
Corporation tax 11,566 24,891
VAT 3,403 3,438
Accruals and deferred income 954 1,560
Directors' loan accounts 232,583 256,583
269,662 306,799
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Other loans 61,580 82,735
61,580 82,735
Page 4
Page 5
8. Provisions for Liabilities
Deferred Tax Total
£ £
As at 1 February 2023 545 545
Deferred taxation (110 ) (110 )
Balance at 31 January 2024 435 435
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 2 2
10. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 February 2023 Amounts advanced Amounts repaid Amounts written off As at 31 January 2024
£ £ £ £ £
Mr Matthew Hoare 106,602 - - - -
Mr John Hoare 149,980 - 24,000 - 125,980
The above loan is unsecured, interest free and repayable on demand.
11. Related Party Transactions
Matthew HoareDirector and majority shareholder of Abbot Commercials LimitedLoan outstanding to Abbot Commercials Limited of £82,735

Matthew Hoare

Director and majority shareholder of Abbot Commercials Limited

Loan outstanding to Abbot Commercials Limited of £82,735

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