Acorah Software Products - Accounts Production 15.0.600 false true 27 February 2023 28 February 2022 false 28 February 2023 27 February 2024 27 February 2024 09989693 Mr LAWRENCE SEMACKOR iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 09989693 2023-02-27 09989693 2024-02-27 09989693 2023-02-28 2024-02-27 09989693 frs-core:CurrentFinancialInstruments 2024-02-27 09989693 frs-core:Non-currentFinancialInstruments 2024-02-27 09989693 frs-core:ComputerEquipment 2023-02-28 2024-02-27 09989693 frs-core:FurnitureFittings 2024-02-27 09989693 frs-core:FurnitureFittings 2023-02-28 2024-02-27 09989693 frs-core:FurnitureFittings 2023-02-27 09989693 frs-core:MotorVehicles 2024-02-27 09989693 frs-core:MotorVehicles 2023-02-28 2024-02-27 09989693 frs-core:MotorVehicles 2023-02-27 09989693 frs-core:PlantMachinery 2024-02-27 09989693 frs-core:PlantMachinery 2023-02-28 2024-02-27 09989693 frs-core:PlantMachinery 2023-02-27 09989693 frs-core:ShareCapital 2024-02-27 09989693 frs-core:RetainedEarningsAccumulatedLosses 2024-02-27 09989693 frs-bus:PrivateLimitedCompanyLtd 2023-02-28 2024-02-27 09989693 frs-bus:FilletedAccounts 2023-02-28 2024-02-27 09989693 frs-bus:SmallEntities 2023-02-28 2024-02-27 09989693 frs-bus:AuditExempt-NoAccountantsReport 2023-02-28 2024-02-27 09989693 frs-bus:SmallCompaniesRegimeForAccounts 2023-02-28 2024-02-27 09989693 frs-bus:Director1 2023-02-28 2024-02-27 09989693 frs-countries:EnglandWales 2023-02-28 2024-02-27 09989693 2022-02-27 09989693 2023-02-27 09989693 2022-02-28 2023-02-27 09989693 frs-core:CurrentFinancialInstruments 2023-02-27 09989693 frs-core:Non-currentFinancialInstruments 2023-02-27 09989693 frs-core:ShareCapital 2023-02-27 09989693 frs-core:RetainedEarningsAccumulatedLosses 2023-02-27 09989693 frs-core:CurrentFinancialInstruments 1 2023-02-27
Registered number: 09989693
EXABYTE IT SOLUTIONS LIMITED
Unaudited Financial Statements
For The Year Ended 27 February 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 09989693
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 (649 ) 30,649
(649 ) 30,649
CURRENT ASSETS
Debtors 5 - 45,416
- 45,416
Creditors: Amounts Falling Due Within One Year 6 (35,714 ) (6,402 )
NET CURRENT ASSETS (LIABILITIES) (35,714 ) 39,014
TOTAL ASSETS LESS CURRENT LIABILITIES (36,363 ) 69,663
Creditors: Amounts Falling Due After More Than One Year 7 - (74,308 )
NET LIABILITIES (36,363 ) (4,645 )
CAPITAL AND RESERVES
Called up share capital 8 1 1
Profit and Loss Account (36,364 ) (4,646 )
SHAREHOLDERS' FUNDS (36,363) (4,645)
Page 1
Page 2
For the year ending 27 February 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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 LAWRENCE SEMACKOR
Director
10/06/2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
EXABYTE IT SOLUTIONS LIMITED is a private company, limited by shares, incorporated in England & Wales, registered number 09989693 . The registered office is 71-75 Shelton Street, Covent Garden, London, WC2H 9JQ.
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. 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:
Plant & Machinery 25% reducing balance
Motor Vehicles 25% reducing balance
Fixtures & Fittings 25% reducing balance
Computer Equipment 25% reducing balance
3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2023: NIL)
- -
4. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Total
£ £ £ £
Cost
As at 28 February 2023 - 30,000 1,804 31,804
As at 27 February 2024 - 30,000 1,804 31,804
Depreciation
As at 28 February 2023 649 - 506 1,155
Provided during the period - 30,000 1,298 31,298
As at 27 February 2024 649 30,000 1,804 32,453
Net Book Value
As at 27 February 2024 (649 ) - - (649 )
As at 28 February 2023 (649 ) 30,000 1,298 30,649
5. Debtors
2024 2023
£ £
Due within one year
Other debtors - 30,414
Director's loan account - 15,002
- 45,416
Page 3
Page 4
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors - (1 )
Bank loans and overdrafts - 1,085
Corporation tax - 3,238
Other creditors -Capital on Tap - 1,900
Accruals and deferred income 420 180
Director's loan account 35,294 -
35,714 6,402
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans - 46,308
Vehicle Hire Purchase - 28,000
- 74,308
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1 1
9. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
The above loan is unsecured, interest free and repayable on demand.
10. Dividends
Page 4