Acorah Software Products - Accounts Production 15.0.400 false true 31 August 2022 1 September 2021 false 1 September 2022 31 August 2023 31 August 2023 02917026 Miss Joanna Knight Mr Stephen Knight iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 02917026 2022-08-31 02917026 2023-08-31 02917026 2022-09-01 2023-08-31 02917026 frs-core:CurrentFinancialInstruments 2023-08-31 02917026 frs-core:FurnitureFittings 2023-08-31 02917026 frs-core:FurnitureFittings 2022-09-01 2023-08-31 02917026 frs-core:FurnitureFittings 2022-08-31 02917026 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-08-31 02917026 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2022-09-01 2023-08-31 02917026 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2022-08-31 02917026 frs-core:MotorVehicles 2023-08-31 02917026 frs-core:MotorVehicles 2022-09-01 2023-08-31 02917026 frs-core:MotorVehicles 2022-08-31 02917026 frs-core:ShareCapital 2023-08-31 02917026 frs-core:RetainedEarningsAccumulatedLosses 2023-08-31 02917026 frs-bus:PrivateLimitedCompanyLtd 2022-09-01 2023-08-31 02917026 frs-bus:FilletedAccounts 2022-09-01 2023-08-31 02917026 frs-bus:SmallEntities 2022-09-01 2023-08-31 02917026 frs-bus:AuditExempt-NoAccountantsReport 2022-09-01 2023-08-31 02917026 frs-bus:SmallCompaniesRegimeForAccounts 2022-09-01 2023-08-31 02917026 frs-bus:OrdinaryShareClass2 2022-09-01 2023-08-31 02917026 frs-bus:OrdinaryShareClass2 2023-08-31 02917026 frs-bus:OrdinaryShareClass3 2022-09-01 2023-08-31 02917026 frs-bus:OrdinaryShareClass3 2023-08-31 02917026 frs-bus:OrdinaryShareClass4 2022-09-01 2023-08-31 02917026 frs-bus:OrdinaryShareClass4 2023-08-31 02917026 frs-bus:Director1 2022-09-01 2023-08-31 02917026 frs-bus:Director2 2022-09-01 2023-08-31 02917026 1 2022-09-01 2023-08-31 02917026 frs-countries:EnglandWales 2022-09-01 2023-08-31 02917026 2021-08-31 02917026 2022-08-31 02917026 2021-09-01 2022-08-31 02917026 frs-core:CurrentFinancialInstruments 2022-08-31 02917026 frs-core:ShareCapital 2022-08-31 02917026 frs-core:RetainedEarningsAccumulatedLosses 2022-08-31 02917026 frs-bus:OrdinaryShareClass2 2021-09-01 2022-08-31 02917026 frs-bus:OrdinaryShareClass3 2021-09-01 2022-08-31 02917026 frs-bus:OrdinaryShareClass4 2021-09-01 2022-08-31 02917026 1 2021-09-01 2022-08-31
Registered number: 02917026
Eurodata Building Services Ltd
Unaudited Financial Statements
For The Year Ended 31 August 2023
Daverns
Chartered Accountants
Hardy House
Northbridge Road
Berkhamsted
Herts
HP4 1EF
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 02917026
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 147,590 152,039
147,590 152,039
CURRENT ASSETS
Debtors 5 286,064 693,035
Cash at bank and in hand 202,881 374,793
488,945 1,067,828
Creditors: Amounts Falling Due Within One Year 6 (580,256 ) (1,003,710 )
NET CURRENT ASSETS (LIABILITIES) (91,311 ) 64,118
TOTAL ASSETS LESS CURRENT LIABILITIES 56,279 216,157
PROVISIONS FOR LIABILITIES
Deferred Taxation (2,703 ) (3,260 )
NET ASSETS 53,576 212,897
CAPITAL AND RESERVES
Called up share capital 7 100 100
Profit and Loss Account 53,476 212,797
SHAREHOLDERS' FUNDS 53,576 212,897
Page 1
Page 2
For the year ending 31 August 2023 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
Miss Joanna Knight
Director
Mr Stephen Knight
Director
23rd April 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
Eurodata Building Services Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 02917026 . The registered office is Hardy House , Northbridge Road , Berkhamsted , Herts, HP4 1EF.
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 represents net invoiced sales of goods and services rendered, excluding value added tax.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at cost less depreciation. 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 2% on buildings excluding land
Motor Vehicles 25% reducing balance
Fixtures & Fittings 25% 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 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.
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.
2.5. Pensions
The company contributes to a work place pension scheme in line with its obligations under auto enrolment. Contibutions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.
2.6. Government Grant
Government grants are recognised in the profit and loss account in an appropriate manner that matches them with the expenditure towards which they are intended to contribute.
Grants for immediate financial support or to cover costs already incurred are recognised immediately in the profit and loss account. Grants towards general activities of the entity over a specific period are recognised in the profit and loss account over that period.
Grants towards fixed assets are recognised over the expected useful lives of the related assets and are treated as deferred income and released to the profit and loss account over the useful life of the asset concerned.
All grants in the profit and loss account are recognised when all conditions for receipt have been complied with.
Page 3
Page 4
3. Average Number of Employees
Average number of employees, including directors, during the year was:
2023 2022
Office and administration 5 5
Cost of sales 5 6
10 11
4. Tangible Assets
Land & Property
Freehold Motor Vehicles Fixtures & Fittings Total
£ £ £ £
Cost
As at 1 September 2022 150,000 39,416 51,351 240,767
Additions - - 1,748 1,748
As at 31 August 2023 150,000 39,416 53,099 242,515
Depreciation
As at 1 September 2022 15,000 31,252 42,476 88,728
Provided during the period 1,500 2,041 2,656 6,197
As at 31 August 2023 16,500 33,293 45,132 94,925
Net Book Value
As at 31 August 2023 133,500 6,123 7,967 147,590
As at 1 September 2022 135,000 8,164 8,875 152,039
Included above are assets held under finance leases or hire purchase contracts with a net book value as follows:
5. Debtors
2023 2022
£ £
Due within one year
Trade debtors 280,060 678,393
Prepayments and accrued income 2,504 6,339
Other debtors 3,500 8,303
286,064 693,035
6. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 513,793 875,358
Corporation tax 40,015 68,306
Other taxes and social security 4,889 6,958
Other creditors 7,162 4,334
Accruals and deferred income - 35,816
Directors' loan accounts 14,397 12,938
580,256 1,003,710
Page 4
Page 5
7. Share Capital
2023 2022
Allotted, called up and fully paid £ £
50 Ordinary A shares of £ 1 each 50 50
25 Ordinary B shares of £ 1 each 25 25
25 Ordinary C shares of £ 1 each 25 25
100 100
8. Directors Advances, Credits and Guarantees
As result of the directors beneficial interest in the company's shares the dividends paid to directors amounted to £279,000 during the year.
9. Dividends
2023 2022
£ £
On equity shares:
Interim dividend paid 279,000 253,000
During the year the dividends paid amounted to £279,000.
Page 5