Acorah Software Products - Accounts Production 15.0.600 false true 31 March 2023 1 April 2022 false 1 April 2023 31 March 2024 31 March 2024 07878592 Mr Jaspal Batth Mr Thomas Abbott Mr Gary Jackson iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 07878592 2023-03-31 07878592 2024-03-31 07878592 2023-04-01 2024-03-31 07878592 frs-core:CurrentFinancialInstruments 2024-03-31 07878592 frs-core:ComputerEquipment 2024-03-31 07878592 frs-core:ComputerEquipment 2023-04-01 2024-03-31 07878592 frs-core:ComputerEquipment 2023-03-31 07878592 frs-core:FurnitureFittings 2024-03-31 07878592 frs-core:FurnitureFittings 2023-04-01 2024-03-31 07878592 frs-core:FurnitureFittings 2023-03-31 07878592 frs-core:PlantMachinery 2024-03-31 07878592 frs-core:PlantMachinery 2023-04-01 2024-03-31 07878592 frs-core:PlantMachinery 2023-03-31 07878592 frs-core:OtherReservesSubtotal 2024-03-31 07878592 frs-core:ShareCapital 2024-03-31 07878592 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 07878592 frs-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 07878592 frs-bus:FilletedAccounts 2023-04-01 2024-03-31 07878592 frs-bus:SmallEntities 2023-04-01 2024-03-31 07878592 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 07878592 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 07878592 frs-core:CostValuation 2023-03-31 07878592 frs-core:RevaluationsIncreaseDecreaseInInvestments 2024-03-31 07878592 frs-core:CostValuation 2024-03-31 07878592 frs-core:ProvisionsForImpairmentInvestments 2023-03-31 07878592 frs-core:ProvisionsForImpairmentInvestments 2024-03-31 07878592 frs-bus:Director1 2023-04-01 2024-03-31 07878592 frs-bus:Director2 2023-04-01 2024-03-31 07878592 frs-bus:Director3 2023-04-01 2024-03-31 07878592 frs-countries:EnglandWales 2023-04-01 2024-03-31 07878592 2022-03-31 07878592 2023-03-31 07878592 2022-04-01 2023-03-31 07878592 frs-core:CurrentFinancialInstruments 2023-03-31 07878592 frs-core:OtherReservesSubtotal 2023-03-31 07878592 frs-core:ShareCapital 2023-03-31 07878592 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31
Registered number: 07878592
Essex Interactive Limited
Unaudited Financial Statements
For The Year Ended 31 March 2024
BUTT & CO ACCOUNTANTS LTD
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 07878592
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 10,152 12,690
Investments 5 147,344 36,177
157,496 48,867
CURRENT ASSETS
Debtors 6 61,183 80,903
Cash at bank and in hand 291,112 281,518
352,295 362,421
Creditors: Amounts Falling Due Within One Year 7 (68,156 ) (63,633 )
NET CURRENT ASSETS (LIABILITIES) 284,139 298,788
TOTAL ASSETS LESS CURRENT LIABILITIES 441,635 347,655
PROVISIONS FOR LIABILITIES
Deferred Taxation (27,792 ) -
NET ASSETS 413,843 347,655
CAPITAL AND RESERVES
Called up share capital 8 300 300
Other reserves 83,375 -
Profit and Loss Account 330,168 347,355
SHAREHOLDERS' FUNDS 413,843 347,655
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Page 2
For the year ending 31 March 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 Thomas Abbott
Director
22/07/2024
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
Essex Interactive Limited is a private company, limited by shares, incorporated in England & Wales, registered number 07878592 . The registered office is Unit 19 The Crate, Oakwood Hill Industrial Estate, Oakwood Hill, Loughton, Essex, IG10 3TZ.
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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
2.3. 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 20% reducing balance
Fixtures & Fittings 20% reducing balance
Office Equipment 20% 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 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.
2.5. 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.
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2.6. 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.
2.7. Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 9 (2023: 11)
9 11
4. Tangible Assets
Plant & Machinery Fixtures & Fittings Office Equipment Total
£ £ £ £
Cost
As at 1 April 2023 5,900 5,429 21,649 32,978
As at 31 March 2024 5,900 5,429 21,649 32,978
Depreciation
As at 1 April 2023 5,266 4,483 10,539 20,288
Provided during the period 127 189 2,222 2,538
As at 31 March 2024 5,393 4,672 12,761 22,826
Net Book Value
As at 31 March 2024 507 757 8,888 10,152
As at 1 April 2023 634 946 11,110 12,690
5. Investments
Other
£
Cost
As at 1 April 2023 36,177
Revaluations 111,167
As at 31 March 2024 147,344
Provision
As at 1 April 2023 -
As at 31 March 2024 -
Net Book Value
As at 31 March 2024 147,344
As at 1 April 2023 36,177
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6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 61,183 80,903
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 940 1,558
Corporation tax 41,483 36,029
Other taxes and social security 2,619 3,234
VAT 19,189 19,107
Accruals and deferred income 3,925 3,705
68,156 63,633
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 300 300
9. Dividends
2024 2023
£ £
On equity shares:
Final dividend paid 138,900 123,900
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