Acorah Software Products - Accounts Production 15.0.500 false true 30 November 2022 1 December 2021 false 1 December 2022 30 November 2023 30 November 2023 10712953 Mr Mitul Patel Dr Martin Peter Belsham Dr Jonathan Learmont Bryson Dr Hadley-Brown Martin Dr Overy Meriel Kate Ms Stubbs Sally Jane Mr Howes-ward Robert charles Mr Prendergast Anthony iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 10712953 2022-11-30 10712953 2023-11-30 10712953 2022-12-01 2023-11-30 10712953 frs-core:CurrentFinancialInstruments 2023-11-30 10712953 frs-core:Non-currentFinancialInstruments 2023-11-30 10712953 frs-core:FurnitureFittings 2023-11-30 10712953 frs-core:FurnitureFittings 2022-12-01 2023-11-30 10712953 frs-core:FurnitureFittings 2022-11-30 10712953 frs-core:NetGoodwill 2023-11-30 10712953 frs-core:NetGoodwill 2022-12-01 2023-11-30 10712953 frs-core:NetGoodwill 2022-11-30 10712953 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-11-30 10712953 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2022-12-01 2023-11-30 10712953 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2022-11-30 10712953 frs-core:PlantMachinery 2023-11-30 10712953 frs-core:PlantMachinery 2022-12-01 2023-11-30 10712953 frs-core:PlantMachinery 2022-11-30 10712953 frs-core:ShareCapital 2023-11-30 10712953 frs-core:RetainedEarningsAccumulatedLosses 2023-11-30 10712953 frs-bus:PrivateLimitedCompanyLtd 2022-12-01 2023-11-30 10712953 frs-bus:FilletedAccounts 2022-12-01 2023-11-30 10712953 frs-bus:SmallEntities 2022-12-01 2023-11-30 10712953 frs-bus:AuditExempt-NoAccountantsReport 2022-12-01 2023-11-30 10712953 frs-bus:SmallCompaniesRegimeForAccounts 2022-12-01 2023-11-30 10712953 frs-bus:Director1 2022-12-01 2023-11-30 10712953 frs-bus:Director2 2022-12-01 2023-11-30 10712953 frs-bus:Director3 2022-12-01 2023-11-30 10712953 frs-bus:Director4 2022-12-01 2023-11-30 10712953 frs-bus:Director5 2022-12-01 2023-11-30 10712953 frs-bus:Director6 2022-12-01 2023-11-30 10712953 frs-bus:Director7 2022-12-01 2023-11-30 10712953 frs-bus:Director8 2022-12-01 2023-11-30 10712953 frs-countries:EnglandWales 2022-12-01 2023-11-30 10712953 2021-11-30 10712953 2022-11-30 10712953 2021-12-01 2022-11-30 10712953 frs-core:CurrentFinancialInstruments 2022-11-30 10712953 frs-core:Non-currentFinancialInstruments 2022-11-30 10712953 frs-core:ShareCapital 2022-11-30 10712953 frs-core:RetainedEarningsAccumulatedLosses 2022-11-30
Registered number: 10712953
Thetford EA Limited
Financial Statements
For The Year Ended 30 November 2023
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 10712953
2023 2022
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 163,333 203,333
Tangible Assets 5 172,143 188,242
335,476 391,575
CURRENT ASSETS
Stocks 65,787 60,332
Debtors 6 143,043 129,051
Cash at bank and in hand 297,824 103,515
506,654 292,898
Creditors: Amounts Falling Due Within One Year 7 (158,736 ) (154,923 )
NET CURRENT ASSETS (LIABILITIES) 347,918 137,975
TOTAL ASSETS LESS CURRENT LIABILITIES 683,394 529,550
Creditors: Amounts Falling Due After More Than One Year 8 (515,444 ) (394,621 )
NET ASSETS 167,950 134,929
CAPITAL AND RESERVES
Called up share capital 100 100
Profit and Loss Account 167,850 134,829
SHAREHOLDERS' FUNDS 167,950 134,929
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For the year ending 30 November 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
Mr Mitul Patel
Director
9 July 2024
The notes on pages 3 to 6 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Thetford EA Limited is a private company, limited by shares, incorporated in England & Wales, registered number 10712953 . The registered office is Portland House, 228 Portland Crescent, Stanmore, HA7 1LS.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
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 - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of 10 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:
Leasehold property 20 year
Plant & Machinery 15% reducing balance
Fixtures,fittings & equipment 15% reducing balance
2.5. Leasing and Hire Purchase Contracts
A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term. 
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.
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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.
2.8. Pensions
Contributions to defined contribution plans are expensed in the period to which they relate. 
2.9. Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
2.10. Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
2.11. Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably. 
3. Average Number of Employees
Average number of employees, including directors, during the year was: 6 (2022: 6)
6 6
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4. Intangible Assets
Goodwill
£
Cost
As at 1 December 2022 400,000
As at 30 November 2023 400,000
Amortisation
As at 1 December 2022 196,667
Provided during the period 40,000
As at 30 November 2023 236,667
Net Book Value
As at 30 November 2023 163,333
As at 1 December 2022 203,333
5. Tangible Assets
Land & Property
Leasehold property Plant & Machinery Fixtures,fittings & equipment Total
£ £ £ £
Cost
As at 1 December 2022 191,961 1,839 92,360 286,160
As at 30 November 2023 191,961 1,839 92,360 286,160
Depreciation
As at 1 December 2022 47,062 1,018 49,838 97,918
Provided during the period 9,598 123 6,378 16,099
As at 30 November 2023 56,660 1,141 56,216 114,017
Net Book Value
As at 30 November 2023 135,301 698 36,144 172,143
As at 1 December 2022 144,899 821 42,522 188,242
6. Debtors
2023 2022
£ £
Due within one year
Trade debtors 94,768 97,909
Other debtors 48,275 31,142
143,043 129,051
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7. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 116,972 142,103
Other creditors 14,863 1,042
Taxation and social security 26,901 11,778
158,736 154,923
8. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Bank loans 515,444 394,621
9. Related Party Transactions
Dr Martin Peter Belsham, Dr Jonathan Learmont Bryson, Dr Martin Hadley-Brown, Mr Robert Charles Howes-Ward, Dr Meriel Kate Overy, Mr Mitul Patel, Mr Anthony Ailwyn Prendergast, and Ms Sally Jane stubbs are Directors of Thetford EA Limited.
As the balance sheet date, the total amount owed by the company to the directors £0.00 (2022: £0.00).
During the year the company has declared dividend of £0.00 (2022: £0.00).
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