Acorah Software Products - Accounts Production 15.0.600 false true 30 April 2023 1 May 2022 false 1 May 2023 30 April 2024 30 April 2024 07996583 Mr S Page Mrs S Page iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 07996583 2023-04-30 07996583 2024-04-30 07996583 2023-05-01 2024-04-30 07996583 frs-core:CurrentFinancialInstruments 2024-04-30 07996583 frs-core:Non-currentFinancialInstruments 2024-04-30 07996583 frs-core:BetweenOneFiveYears 2024-04-30 07996583 frs-core:ComputerEquipment 2023-05-01 2024-04-30 07996583 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-05-01 2024-04-30 07996583 frs-core:FurnitureFittings 2023-05-01 2024-04-30 07996583 frs-core:MotorVehicles 2023-05-01 2024-04-30 07996583 frs-core:OtherResidualIntangibleAssets 2024-04-30 07996583 frs-core:OtherResidualIntangibleAssets 2023-05-01 2024-04-30 07996583 frs-core:OtherResidualIntangibleAssets 2023-04-30 07996583 frs-core:PlantMachinery 2024-04-30 07996583 frs-core:PlantMachinery 2023-05-01 2024-04-30 07996583 frs-core:PlantMachinery 2023-04-30 07996583 frs-core:WithinOneYear 2024-04-30 07996583 frs-core:ShareCapital 2024-04-30 07996583 frs-core:RetainedEarningsAccumulatedLosses 2024-04-30 07996583 frs-bus:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 07996583 frs-bus:FilletedAccounts 2023-05-01 2024-04-30 07996583 frs-bus:SmallEntities 2023-05-01 2024-04-30 07996583 frs-bus:AuditExemptWithAccountantsReport 2023-05-01 2024-04-30 07996583 frs-bus:SmallCompaniesRegimeForAccounts 2023-05-01 2024-04-30 07996583 frs-bus:Director1 2023-05-01 2024-04-30 07996583 frs-bus:Director2 2023-05-01 2024-04-30 07996583 frs-countries:EnglandWales 2023-05-01 2024-04-30 07996583 2022-04-30 07996583 2023-04-30 07996583 2022-05-01 2023-04-30 07996583 frs-core:CurrentFinancialInstruments 2023-04-30 07996583 frs-core:Non-currentFinancialInstruments 2023-04-30 07996583 frs-core:BetweenOneFiveYears 2023-04-30 07996583 frs-core:WithinOneYear 2023-04-30 07996583 frs-core:ShareCapital 2023-04-30 07996583 frs-core:RetainedEarningsAccumulatedLosses 2023-04-30
Registered number: 07996583
Egap Recycling Ltd
Unaudited Financial Statements
For The Year Ended 30 April 2024
Merranti Accounting Ltd
10 Scandia-Hus Business Park Felcourt Park
East Grinstead
West Sussex
RH19 2LP
Contents
Page
Company Information 1
Accountants' Report 2
Balance Sheet 3—4
Notes to the Financial Statements 5—8
Page 1
Company Information
Directors Mr S Page
Mrs S Page
Company Number 07996583
Registered Office 10 Scandia-Hus Business Park Felcourt Road
Felcourt
East Grinstead
Surrey
RH19 2LP
Accountants Merranti Accounting Ltd
10 Scandia-Hus Business Park Felcourt Park
East Grinstead
West Sussex
RH19 2LP
Page 1
Page 2
Accountants' Report
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Egap Recycling Ltd for the year ended 30 April 2024 which comprise the Profit and Loss Account, the Balance Sheet, and the related notes from the company's accounting records and from information and explanations you have given us.
This report is made solely to the directors of Egap Recycling Ltd in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Egap Recycling Ltd and state those matters that we have agreed to state to the directors of Egap Recycling Ltd in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its director for our work or for this report.
It is your duty to ensure that Egap Recycling Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Egap Recycling Ltd . You consider that Egap Recycling Ltd is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the financial statements of Egap Recycling Ltd . For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
Signed
9 August 2024
Merranti Accounting Ltd
10 Scandia-Hus Business Park Felcourt Park
East Grinstead
West Sussex
RH19 2LP
Page 2
Page 3
Balance Sheet
Registered number: 07996583
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 9,906 14,859
Tangible Assets 5 1,212,727 1,238,161
1,222,633 1,253,020
CURRENT ASSETS
Stocks 6 5,000 5,000
Debtors 7 283,493 212,909
Cash at bank and in hand 134,803 132,352
423,296 350,261
Creditors: Amounts Falling Due Within One Year 8 (853,727 ) (806,638 )
NET CURRENT ASSETS (LIABILITIES) (430,431 ) (456,377 )
TOTAL ASSETS LESS CURRENT LIABILITIES 792,202 796,643
Creditors: Amounts Falling Due After More Than One Year 9 (278,493 ) (85,841 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (215,206 ) (211,686 )
NET ASSETS 298,503 499,116
CAPITAL AND RESERVES
Called up share capital 100 100
Profit and Loss Account 298,403 499,016
SHAREHOLDERS' FUNDS 298,503 499,116
Page 3
Page 4
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 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 S Page
Director
9 August 2024
The notes on pages 5 to 8 form part of these financial statements.
Page 4
Page 5
Notes to the Financial Statements
1. General Information
Egap Recycling Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 07996583 . The registered office is 10 Scandia-Hus Business Park Felcourt Road, Felcourt, East Grinstead, Surrey, RH19 2LP.
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.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Intangible Fixed Assets and Amortisation - Other Intangible
Other intangible assets are amortised to the profit and loss account over the estimated economic life of 5 years.
2.4. 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 25% Reducing Balance
Motor Vehicles 25% Reducing Balance
Fixtures & Fittings 25% Reducing Balance
Computer Equipment 25% 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 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.
2.6. 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.
Page 5
Page 6
2.7. 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 16 (2023: 17)
16 17
4. Intangible Assets
Other Intangible Assets
£
Cost
As at 1 May 2023 24,765
As at 30 April 2024 24,765
Amortisation
As at 1 May 2023 9,906
Provided during the period 4,953
As at 30 April 2024 14,859
Net Book Value
As at 30 April 2024 9,906
As at 1 May 2023 14,859
Page 6
Page 7
5. Tangible Assets
Plant & Machinery etc.
£
Cost
As at 1 May 2023 3,318,085
Additions 796,103
Disposals (1,426,143 )
As at 30 April 2024 2,688,045
Depreciation
As at 1 May 2023 2,079,924
Provided during the period 404,243
Disposals (1,008,849 )
As at 30 April 2024 1,475,318
Net Book Value
As at 30 April 2024 1,212,727
As at 1 May 2023 1,238,161
6. Stocks
2024 2023
£ £
Finished goods and goods for resale 5,000 5,000
7. Debtors
2024 2023
£ £
Due within one year
Trade debtors 258,084 200,072
Other debtors 25,409 12,837
283,493 212,909
8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 127,353 67,942
Trade creditors 86,878 88,080
Other creditors 636,522 631,448
Taxation and social security 2,974 19,168
853,727 806,638
9. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 278,493 85,841
Page 7
Page 8
10. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year 127,353 67,942
Later than one year and not later than five years 278,493 85,841
405,846 153,783
405,846 153,783
Page 8