Acorah Software Products - Accounts Production 15.0.500 false true 31 March 2023 1 May 2022 false 1 April 2023 31 March 2024 31 March 2024 02291864 Simon Bucknell Caroline Bucknell James Hall iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 02291864 2023-03-31 02291864 2024-03-31 02291864 2023-04-01 2024-03-31 02291864 frs-core:CurrentFinancialInstruments 2024-03-31 02291864 frs-core:Non-currentFinancialInstruments 2024-03-31 02291864 frs-core:BetweenOneFiveYears 2024-03-31 02291864 frs-core:ComputerEquipment 2024-03-31 02291864 frs-core:ComputerEquipment 2023-04-01 2024-03-31 02291864 frs-core:ComputerEquipment 2023-03-31 02291864 frs-core:FurnitureFittings 2024-03-31 02291864 frs-core:FurnitureFittings 2023-04-01 2024-03-31 02291864 frs-core:FurnitureFittings 2023-03-31 02291864 frs-core:WithinOneYear 2024-03-31 02291864 frs-core:CapitalRedemptionReserve 2024-03-31 02291864 frs-core:ShareCapital 2024-03-31 02291864 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 02291864 frs-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 02291864 frs-bus:FilletedAccounts 2023-04-01 2024-03-31 02291864 frs-bus:SmallEntities 2023-04-01 2024-03-31 02291864 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 02291864 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 02291864 frs-bus:OrdinaryShareClass1 2023-04-01 2024-03-31 02291864 frs-bus:OrdinaryShareClass1 2024-03-31 02291864 frs-bus:OrdinaryShareClass2 2023-04-01 2024-03-31 02291864 frs-bus:OrdinaryShareClass2 2024-03-31 02291864 frs-bus:OrdinaryShareClass3 2023-04-01 2024-03-31 02291864 frs-bus:OrdinaryShareClass3 2024-03-31 02291864 frs-bus:OrdinaryShareClass4 2023-04-01 2024-03-31 02291864 frs-bus:OrdinaryShareClass4 2024-03-31 02291864 frs-bus:OrdinaryShareClass5 2023-04-01 2024-03-31 02291864 frs-bus:OrdinaryShareClass5 2024-03-31 02291864 frs-core:UnlistedNon-exchangeTraded 2024-03-31 02291864 frs-core:UnlistedNon-exchangeTraded 2023-03-31 02291864 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2023-03-31 02291864 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2024-03-31 02291864 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2023-03-31 02291864 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2024-03-31 02291864 frs-bus:Director1 2023-04-01 2024-03-31 02291864 frs-bus:Director1 2023-03-31 02291864 frs-bus:Director1 2024-03-31 02291864 frs-bus:Director2 2023-04-01 2024-03-31 02291864 frs-bus:Director3 2023-04-01 2024-03-31 02291864 frs-countries:EnglandWales 2023-04-01 2024-03-31 02291864 2022-04-30 02291864 2023-03-31 02291864 2022-05-01 2023-03-31 02291864 frs-core:CurrentFinancialInstruments 2023-03-31 02291864 frs-core:Non-currentFinancialInstruments 2023-03-31 02291864 frs-core:BetweenOneFiveYears 2023-03-31 02291864 frs-core:WithinOneYear 2023-03-31 02291864 frs-core:CapitalRedemptionReserve 2023-03-31 02291864 frs-core:ShareCapital 2023-03-31 02291864 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31 02291864 frs-bus:OrdinaryShareClass1 2022-05-01 2023-03-31 02291864 frs-bus:OrdinaryShareClass2 2022-05-01 2023-03-31 02291864 frs-bus:OrdinaryShareClass3 2022-05-01 2023-03-31 02291864 frs-bus:OrdinaryShareClass4 2022-05-01 2023-03-31 02291864 frs-bus:OrdinaryShareClass5 2022-05-01 2023-03-31
Registered number: 02291864
The EMBS Group Limited
Unaudited Financial Statements
For The Year Ended 31 March 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—7
Page 1
Balance Sheet
Registered number: 02291864
31 March 2024 31 March 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 5,351 12,829
Investments 5 75 75
5,426 12,904
CURRENT ASSETS
Debtors 6 94,739 129,511
Cash at bank and in hand 22,302 148,032
117,041 277,543
Creditors: Amounts Falling Due Within One Year 7 (99,467 ) (106,589 )
NET CURRENT ASSETS (LIABILITIES) 17,574 170,954
TOTAL ASSETS LESS CURRENT LIABILITIES 23,000 183,858
Creditors: Amounts Falling Due After More Than One Year 8 (5,092 ) (24,432 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (1,017 ) (173 )
NET ASSETS 16,891 159,253
CAPITAL AND RESERVES
Called up share capital 9 693 502
Capital redemption reserve 312 252
Profit and Loss Account 15,886 158,499
SHAREHOLDERS' FUNDS 16,891 159,253
Page 1
Page 2
For the year ending 31 March 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
Simon Bucknell
Director
29 July 2024
The notes on pages 3 to 7 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
The EMBS Group Limited is a private company, limited by shares, incorporated in England & Wales, registered number 02291864 . The registered office is 2nd Floor, 2 St Andrew's House, Vernon Gate, Derby, DE1 1UJ.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements are prepared in Sterling (£), which is the functional currency of the company. The financial statements are for the year ended 31 March 2024 (2023: 11 month period ended 31 March 2023).
The financial statements are prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, 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 rendering of services and is reduced for estimated customer returns, rebates and other similar allowances.
Rendering of services
Turnover arising from the placement of permanent candidates is recognised at the point in time the candidate commences full-time employment. The revenue recognised from a permanent placement is typically based in a percentage of the candidates remuneration package. 
Turnover arising from the placement of temporary candidates is recognised at the point in which the temporary workers are provided. Amounts invoiced include the remuneration costs of the candidate plus a percentage of the candidates hourly rate as commission received.
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:
Fixtures & Fittings 20% reducing balance
Computer Equipment 25% reducing balance
2.4. Leasing and Hire Purchase Contracts
Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the lease term.
2.5. Financial Instruments
The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities such as trade and other debtors and creditors, loans from banks and loans with related parties.
All financial assets and liabilities are initially measured at transaction price and subsequently measured at amortised cost.
Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found and impairment loss is recognised in the profit and loss account.
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 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
Page 3
Page 4
2.6. 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 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.
2.7. Pensions
The company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payment obligations.
The contributions are recognised as an expense in the profit and loss account when they fall due. Amounts not paid are shown in accruals as a liability in the balance sheet. The assets of the plan are held separately from the company in independently administered funds.
2.8. Investments
Investments in subsidiary companies are held at cost less any impairment.
2.9. Registrar Filing Requirements
The company has taken advantage of Companies Act 2006 section 444(1) and opted not to file the profit and loss account, directors report, and notes to the financial statements relating to the profit and loss account.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2023: 6)
1 6
4. Tangible Assets
Fixtures & Fittings Computer Equipment Total
£ £ £
Cost
As at 1 April 2023 51,263 59,979 111,242
Additions - 618 618
Disposals (23,600 ) (53,399 ) (76,999 )
As at 31 March 2024 27,663 7,198 34,861
Depreciation
As at 1 April 2023 43,313 55,100 98,413
Provided during the period 872 498 1,370
Disposals (20,008 ) (50,265 ) (70,273 )
As at 31 March 2024 24,177 5,333 29,510
Net Book Value
As at 31 March 2024 3,486 1,865 5,351
As at 1 April 2023 7,950 4,879 12,829
Page 4
Page 5
5. Investments
Unlisted
£
Cost
As at 1 April 2023 75
As at 31 March 2024 75
Provision
As at 1 April 2023 -
As at 31 March 2024 -
Net Book Value
As at 31 March 2024 75
As at 1 April 2023 75
6. Debtors
31 March 2024 31 March 2023
£ £
Due within one year
Trade debtors 37,160 116,378
Prepayments and accrued income - 12,691
Other debtors 8,860 100
Directors' loan accounts - 342
Amounts owed by group undertakings 48,719 -
94,739 129,511
7. Creditors: Amounts Falling Due Within One Year
31 March 2024 31 March 2023
£ £
Trade creditors 9,703 8,098
Bank loans and overdrafts 19,473 18,884
Corporation tax 51,873 54,173
VAT 16,865 18,670
Other creditors 1,553 5,487
Accruals and deferred income - 1,277
99,467 106,589
The bank loan is secured by way of a debenture over the liabilities of the company.
8. Creditors: Amounts Falling Due After More Than One Year
31 March 2024 31 March 2023
£ £
Bank loans 5,092 24,432
Page 5
Page 6
9. Share Capital
31 March 2024 31 March 2023
Allotted, called up and fully paid £ £
164 Ordinary Shares of £ 1 each 164 -
250 Ordinary A shares of £ 1 each 250 250
1 Ordinary B shares of £ 1 each 1 1
1 Ordinary C shares of £ 1 each 1 1
26 Ordinary D shares of £ 1 each 26 250
250 Ordinary E shares of £ 1 each 250 -
1 Ordinary F shares of £ 1 each 1 -
693 502
Shares issued during the period: £
224 Ordinary Shares of £ 1 each 224
250 Ordinary E shares of £ 1 each 250
1 Ordinary F shares of £ 1 each 1
475
Shares disposed during the period: £
60 Ordinary Shares of £ 1 each (60)
224 Ordinary D shares of £ 1 each (224)
(284)
Included within ordinary shares are the ordinary G shares owned by Siren Consultancy Limited.
On 28 March 2024, The EMBS Group purchased 60 ordinary G shares from Siren Consultancy Limited.
Ordinary A and E shares have attached to them full voting and dividend rights. Ordinary B & C shares have non-voting, non-distribution rights but rights to dividends. Ordinary F shares have rights to income but no voting or capital rights. Ordinary G shares confer capital rights only and do not carry income or voting rights.
10. Other Commitments
The total of future minimum lease payments under non-cancellable operating leases are as following:
31 March 2024 31 March 2023
£ £
Not later than one year 12,000 12,000
Later than one year and not later than five years 5,000 17,000
17,000 29,000
11. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 April 2023 Amounts advanced Amounts repaid Amounts written off As at 31 March 2024
£ £ £ £ £
Mr Simon Bucknell 342 - 342 - -
The above loan is unsecured, interest free and repayable on demand.
Page 6
Page 7
12. Related Party Transactions
During the year, there were transactions with a related party, by virtue of common control.
£8,509 was loaned in the year and remained outstanding at the year end.
Page 7