Acorah Software Products - Accounts Production 15.0.600 false true true 31 August 2022 1 September 2021 false 1 September 2022 31 August 2023 31 August 2023 10334906 Mr Ezra Kiggundu Mr Eric Kiggundu iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 10334906 frs-core:Non-currentFinancialInstruments frs-core:MoreThanFiveYears 2023-08-31 10334906 2022-08-31 10334906 2023-08-31 10334906 2022-09-01 2023-08-31 10334906 frs-core:CurrentFinancialInstruments 2023-08-31 10334906 frs-core:Non-currentFinancialInstruments 2023-08-31 10334906 frs-core:ShareCapital 2023-08-31 10334906 frs-core:RetainedEarningsAccumulatedLosses 2023-08-31 10334906 frs-bus:PrivateLimitedCompanyLtd 2022-09-01 2023-08-31 10334906 frs-bus:FilletedAccounts 2022-09-01 2023-08-31 10334906 frs-bus:SmallEntities 2022-09-01 2023-08-31 10334906 frs-bus:AuditExempt-NoAccountantsReport 2022-09-01 2023-08-31 10334906 frs-bus:SmallCompaniesRegimeForAccounts 2022-09-01 2023-08-31 10334906 frs-bus:Director1 2022-09-01 2023-08-31 10334906 frs-bus:Director2 2022-09-01 2023-08-31 10334906 frs-countries:EnglandWales 2022-09-01 2023-08-31 10334906 frs-core:Non-currentFinancialInstruments frs-core:MoreThanFiveYears 2022-08-31 10334906 2021-08-31 10334906 2022-08-31 10334906 2021-09-01 2022-08-31 10334906 frs-core:CurrentFinancialInstruments 2022-08-31 10334906 frs-core:Non-currentFinancialInstruments 2022-08-31 10334906 frs-core:ShareCapital 2022-08-31 10334906 frs-core:RetainedEarningsAccumulatedLosses 2022-08-31
Registered number: 10334906
E&E Ltd
Financial Statements
For The Year Ended 31 August 2023
Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 10334906
2023 2022
Notes £ £ £ £
CURRENT ASSETS
Stocks 3 110,863 114,990
Debtors 4 - 140
Cash at bank and in hand 2,616 973
113,479 116,103
Creditors: Amounts Falling Due Within One Year 5 (67,791 ) (72,757 )
NET CURRENT ASSETS (LIABILITIES) 45,688 43,346
TOTAL ASSETS LESS CURRENT LIABILITIES 45,688 43,346
Creditors: Amounts Falling Due After More Than One Year 6 (159,329 ) (34,991 )
NET (LIABILITIES)/ASSETS (113,641 ) 8,355
CAPITAL AND RESERVES
Called up share capital 7 2 2
Profit and Loss Account (113,643 ) 8,353
SHAREHOLDERS' FUNDS (113,641) 8,355
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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
Mr Ezra Kiggundu
Director
28th May 2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. Accounting Policies
1.1. 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.
1.2. Going Concern Disclosure
The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.
1.3. 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.
1.4. 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.
1.5. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet 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.
1.6. Registrar Filing Requirements
The company has taken advantage of Companies Act 2006 section 444(1) and opted not to file the profit and loss account, directors report, and notes to the financial statements relating to the profit and loss account.
2. Average Number of Employees
Average number of employees, including directors, during the year was as follows: 2 (2022: 2)
2 2
3. Stocks
2023 2022
£ £
Finished goods 110,863 114,990
4. Debtors
2023 2022
£ £
Due within one year
Trade debtors - 140
- 140
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5. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Bank loans and overdrafts 20,973 9,039
Other creditors 32,537 49,025
Taxation and social security 14,281 14,693
67,791 72,757
6. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Bank loans 77,500 34,991
Other creditors 81,829 -
159,329 34,991
Of the creditors falling due after more than one year the following amounts are due after more than five years.
2023 2022
£ £
Bank loans 8,333 13,333
7. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 2 2
8. General Information
E&E Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 10334906 . The registered office is 20-22 Wenlock Road, London, N1 7GU.
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