Acorah Software Products - Accounts Production 15.0.600 false true true 31 December 2022 1 July 2021 false 14 August 2024 1 January 2023 31 December 2023 31 December 2023 01160682 T Dunne A Rosenzweig O Sinai Y Bar T Dunne Hopon Mobility Limited Church House, Church Lane, Kings Langley, Hertfordshire, WD4 8JP true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 01160682 2022-12-31 01160682 2023-12-31 01160682 2023-01-01 2023-12-31 01160682 frs-core:CurrentFinancialInstruments 2023-12-31 01160682 frs-core:Non-currentFinancialInstruments 2023-12-31 01160682 frs-core:BetweenOneFiveYears 2023-12-31 01160682 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-12-31 01160682 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-01-01 2023-12-31 01160682 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2022-12-31 01160682 frs-core:FurnitureFittings 2023-12-31 01160682 frs-core:FurnitureFittings 2023-01-01 2023-12-31 01160682 frs-core:FurnitureFittings 2022-12-31 01160682 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-12-31 01160682 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-01-01 2023-12-31 01160682 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2022-12-31 01160682 frs-core:MotorVehicles 2023-12-31 01160682 frs-core:MotorVehicles 2023-01-01 2023-12-31 01160682 frs-core:MotorVehicles 2022-12-31 01160682 frs-core:PlantMachinery 2023-12-31 01160682 frs-core:PlantMachinery 2023-01-01 2023-12-31 01160682 frs-core:PlantMachinery 2022-12-31 01160682 frs-core:WithinOneYear 2023-12-31 01160682 frs-core:ShareCapital 2023-12-31 01160682 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 01160682 frs-bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 01160682 frs-bus:FilletedAccounts 2023-01-01 2023-12-31 01160682 frs-bus:SmallEntities 2023-01-01 2023-12-31 01160682 frs-bus:Audited 2023-01-01 2023-12-31 01160682 frs-bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 01160682 frs-bus:OrdinaryShareClass1 2023-01-01 2023-12-31 01160682 frs-bus:OrdinaryShareClass1 2023-12-31 01160682 1 2023-01-01 2023-12-31 01160682 frs-core:DeferredTaxation 2023-01-01 2023-12-31 01160682 frs-core:DeferredTaxation 2022-12-31 01160682 frs-core:DeferredTaxation 2023-12-31 01160682 frs-core:CostValuation 2022-12-31 01160682 frs-core:CostValuation 2023-12-31 01160682 frs-core:ProvisionsForImpairmentInvestments 2022-12-31 01160682 frs-core:ProvisionsForImpairmentInvestments 2023-12-31 01160682 frs-bus:Director1 2023-01-01 2023-12-31 01160682 frs-bus:Director2 2023-01-01 2023-12-31 01160682 frs-bus:Director3 2023-01-01 2023-12-31 01160682 frs-bus:Director4 2023-01-01 2023-12-31 01160682 frs-bus:CompanySecretary1 2023-01-01 2023-12-31 01160682 frs-countries:EnglandWales 2023-01-01 2023-12-31 01160682 2021-06-30 01160682 2022-12-31 01160682 2021-07-01 2022-12-31 01160682 frs-core:CurrentFinancialInstruments 2022-12-31 01160682 frs-core:Non-currentFinancialInstruments 2022-12-31 01160682 frs-core:BetweenOneFiveYears 2022-12-31 01160682 frs-core:WithinOneYear 2022-12-31 01160682 frs-core:ShareCapital 2022-12-31 01160682 frs-core:RetainedEarningsAccumulatedLosses 2022-12-31 01160682 frs-bus:OrdinaryShareClass1 2021-07-01 2022-12-31
Registered number: 01160682
ECR Solutions Limited
Financial Statements
For The Year Ended 31 December 2023
Financial Statements
Contents
Page
Company Information 1
Statement of Financial Position 2—3
Notes to the Financial Statements 4—13
Page 1
Company Information
Directors T Dunne
A Rosenzweig
O Sinai
Y Bar
Secretary T Dunne
Company Number 01160682
Registered Office Church House
Church Lane
Kings Langley
Hertfordshire
WD4 8JP
Accountants Sterling Accounting Solutions Ltd
Chartered Accountants
SAS House
Chipperfield Road
Kings Langley
Hertfordshire
WD4 9JB
Auditors SAS Audit Limited
SAS House
Chipperfield Road
Kings Langley
Hertfordshire
WD4 9JB
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Statement of Financial Position
Registered number: 01160682
31 December 2023 31 December 2022
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 410,314 380,429
Tangible Assets 5 48,806 473,224
Investments in group undertakings 6 1 1
459,121 853,654
CURRENT ASSETS
Stocks 7 333,354 281,354
Debtors 8 1,713,868 1,440,569
Cash at bank and in hand 176,428 286,774
2,223,650 2,008,697
Creditors: Amounts Falling Due Within One Year 9 (1,566,350 ) (1,297,896 )
NET CURRENT ASSETS (LIABILITIES) 657,300 710,801
TOTAL ASSETS LESS CURRENT LIABILITIES 1,116,421 1,564,455
Creditors: Amounts Falling Due After More Than One Year 10 (176,488 ) (263,891 )
NET ASSETS 939,933 1,300,564
CAPITAL AND RESERVES
Called up share capital 13 1,000 1,000
Income Statement 938,933 1,299,564
SHAREHOLDERS' FUNDS 939,933 1,300,564
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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 Income Statement.
On behalf of the board
A Rosenzweig
Director
14/08/2024
The notes on pages 4 to 12 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
ECR Solutions Limited is a private company, limited by shares, incorporated in England & Wales, registered number 01160682 . The registered office is Church House, Church Lane, Kings Langley, Hertfordshire, WD4 8JP.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
These financial statements have been prepared in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland" ("FRS 102") and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value. The principal accounting policies adopted are set out below.
2.2. Going Concern Disclosure
At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the forseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.
2.3. Significant judgements and estimations
In the application of the company's accounting policies, the director is required to make judgements, estimates, and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.
2.4. 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.
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2.5. Research and Development
Expenditure on research and development is written off in the year it is incurred. 
Development expenditure incurred is capitalised as an intangible asset only when all of the following criteria are met:
• It is technically feasible to complete the intangible asset so that it will be available for use or sale;
• There is the intention to complete the intangible asset and use or sell it;
• There is the ability to use or sell the intangible asset;
• The use or sale of the intangible asset will generate probable future economic benefits;
• There are adequate technical, financial and other resources available to complete the development and to use or sell the intangible asset; and
• The expenditure attributable to the intangible asset during its development can be measured reliably.
Expenditure that does not meet the above criteria is expensed as incurred.
2.6. 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 Over the term of the lease
Plant & Machinery 25% reducing balance
Motor Vehicles 25% reducing balance
Website Development 25% reducing balance
2.7. 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 income statement 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 income statement as incurred.
2.8. Stocks and Work in Progress
Stocks is 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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2.9. Financial Instruments
A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
Debt instruments are subsequently measured at amortised cost. Where investments in nonconvertible preference shares and non-puttable ordinary shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in profit or loss.
All other such investments are subsequently measured at cost less impairment. Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Other financial instruments are subsequently measured at fair value, with any changes recognised in profit or loss, with the exception of hedging instruments in a designated hedging relationship. Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. 
Other financial assets or either assessed individually or grouped on the basis of similar credit risk characteristics.
Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.
2.10. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position 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.
2.11. 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.
...CONTINUED
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2.11. Taxation - continued
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.
2.12. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the income statement as they become payable in accordance with the rules of the scheme.
2.13. Fixed asset investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses. Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 26 (2022: 25)
26 25
4. Intangible Assets
Development Costs
£
Cost
As at 1 January 2023 2,887,976
Additions 391,292
As at 31 December 2023 3,279,268
Amortisation
As at 1 January 2023 2,507,547
Provided during the period 361,407
As at 31 December 2023 2,868,954
...CONTINUED
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Net Book Value
As at 31 December 2023 410,314
As at 1 January 2023 380,429
5. Tangible Assets
Land & Property
Leasehold Plant & Machinery Motor Vehicles Website Development Total
£ £ £ £ £
Cost
As at 1 January 2023 407,922 197,954 184,536 9,915 800,327
Additions - 9,689 - - 9,689
Disposals (407,922 ) - (142,391 ) - (550,313 )
As at 31 December 2023 - 207,643 42,145 9,915 259,703
Depreciation
As at 1 January 2023 - 157,471 159,717 9,915 327,103
Provided during the period - 10,961 4,676 - 15,637
Disposals - - (131,843 ) - (131,843 )
As at 31 December 2023 - 168,432 32,550 9,915 210,897
Net Book Value
As at 31 December 2023 - 39,211 9,595 - 48,806
As at 1 January 2023 407,922 40,483 24,819 - 473,224
6. Investments in group undertakings
Other
£
Cost
As at 1 January 2023 1
As at 31 December 2023 1
Provision
As at 1 January 2023 -
As at 31 December 2023 -
Net Book Value
As at 31 December 2023 1
As at 1 January 2023 1
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7. Stocks
31 December 2023 31 December 2022
£ £
Finished goods 333,354 281,354
8. Debtors
31 December 2023 31 December 2022
£ £
Due within one year
Trade debtors 527,262 375,746
Prepayments and accrued income 116,836 94,048
Other debtors 14,318 31,385
Corporation tax recoverable assets - 153,215
Deferred tax current asset 23,928 19,148
Directors' loan accounts 1,386 803
Amounts owed by group undertakings 1,030,138 766,224
1,713,868 1,440,569
9. Creditors: Amounts Falling Due Within One Year
31 December 2023 31 December 2022
£ £
Net obligations under finance lease and hire purchase contracts 127,383 77,210
Trade creditors 244,292 268,326
Other loans 39,207 -
Other taxes and social security 43,591 37,514
VAT 117,290 226,989
Other creditors 18,642 21,097
Accruals and deferred income 717,455 459,842
Amounts owed to group undertakings 258,490 206,918
1,566,350 1,297,896
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10. Creditors: Amounts Falling Due After More Than One Year
31 December 2023 31 December 2022
£ £
Net obligations under finance lease and hire purchase contracts 123,691 156,328
Other loans 52,797 -
Accruals and deferred income - 107,563
176,488 263,891
11. Obligations Under Finance Leases and Hire Purchase
31 December 2023 31 December 2022
£ £
The future minimum finance lease payments are as follows:
Not later than one year 127,383 77,210
Later than one year and not later than five years 123,691 156,328
251,074 233,538
251,074 233,538
12. Provisions for Liabilities
Deferred Tax Total
£ £
As at 1 January 2023 (19,148 ) (19,148)
Deferred taxation (4,780 ) (4,780 )
Balance at 31 December 2023 (23,928 ) (23,928)
13. Share Capital
31 December 2023 31 December 2022
Allotted, called up and fully paid £ £
1,000 Ordinary Shares of £ 1.00 each 1,000 1,000
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14. Other Commitments
The total of future minimum lease payments under non-cancellable operating leases are as following:
31 December 2023 31 December 2022
£ £
Not later than one year 90,000 -
Later than one year and not later than five years 67,500 -
157,500 -
15. Pension Commitments
The company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. At the statement of financial position date unpaid contributions of £10,097 (2022: £7,685) were due to the fund. They are included in Other Creditors.
16. Dividends
31 December 2023 31 December 2022
£ £
On equity shares:
Final dividend paid - 15,833
- 15,833
17. Related Party Transactions
Included within debtors is £1,030,138 (2022: £766,224) owed by Hopon Mobility (UK) Limited.
Included within creditors is £158,490 (2022: £158,490) owed to the parent company and £100,000 (2022: £nil) owed to the ultimate parent company.
At the year end £Nil (2022: £48,429) was owed to A1 Enterprises Limited, a wholly owned subsidiary of the Company.
18. FRC's Ethical Standard - Provision Available for Small Entities
In common with other businesses of our size and nature we use our auditors to prepare and submit returns to the tax authorities and assist with the preparation of the financial statements.
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19. Ultimate Parent Undertaking and Controlling Party
The ultimate parent company is Hopon Mobility Limited, a company registered in Israel. There is no ultimate controlling party.

ECR Solutions Limited is a wholly owned subsidiary of ECR Group Limited which is a wholly owned subsidiary of Hopon Mobility (UK) Limited which is a wholly owned subsidiary of Hopon Mobility Limited which prepares consolidated accounts including this company.

The registered office of Hopon Mobility Limited is Ramat Gan HaYetsira 3, 5252141, Tel Aviv, Israel.
20. Audit Information
The auditors report on the account of ECR Solutions Limited for the year ended 31 December 2023 was qualified
The basis of qualification in the auditor's report was as follows:
The Company was not subject to an audit during the prior year, and as a result, the counting of physical inventories as at 31 December 2022 and 31 December 2023 was not carried out. We were unable to satisfy ourselves by alternate means concerning the inventory quantities of £333,354 (2022: £281,354) by using other audit procedures. Consequently, we were unable to determine whether adjustments to these amounts were necessary, or whether there were any consequential effect on the cost of sales.
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the United Kingdom, including the Financial Reporting Council's Ethical Standard, and the provisions available for small entities, in the circumstances set out in note 18 to the financial statements and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our qualified opinion.
The matters required to report by exception are stated below:
Arising solely from the limitation on the scope of our work relating to inventory, referred to above:
• we have not obtained all the information and explanations that we considered necessary for the purpose of our audit; and
• we were unable to determine whether adequate accounting records have been kept
We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion:
• adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or
• the financial statements are not in agreement with the accounting records or returns; or
• certain disclosures of directors' remuneration specified by law are not made; or
• the directors were not entitled to prepare the financial statements in accordance with the small companies regime and take advantage of the small companies' exemptions in preparing the Directors' Report and from the requirement to prepare a Strategic Report.
The auditor's report was signed by Khushil Gokani FCA (Senior Statutory Auditor) for and on behalf of SAS Audit Limited , Statutory Auditor
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SAS Audit Limited
SAS House
Chipperfield Road
Kings Langley
Hertfordshire
WD4 9JB
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