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 12820120 Mrs Rebecca Oliver Mr Michael Oliver iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 12820120 2023-03-31 12820120 2024-03-31 12820120 2023-04-01 2024-03-31 12820120 frs-core:BetweenOneFiveYears 2024-03-31 12820120 frs-core:ComputerEquipment 2023-04-01 2024-03-31 12820120 frs-core:FurnitureFittings 2023-04-01 2024-03-31 12820120 frs-core:WithinOneYear 2024-03-31 12820120 frs-core:ShareCapital 2024-03-31 12820120 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 12820120 frs-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 12820120 frs-bus:AbridgedAccounts 2023-04-01 2024-03-31 12820120 frs-bus:SmallEntities 2023-04-01 2024-03-31 12820120 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 12820120 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 12820120 frs-bus:Director1 2023-04-01 2024-03-31 12820120 frs-bus:Director2 2023-04-01 2024-03-31 12820120 frs-countries:EnglandWales 2023-04-01 2024-03-31 12820120 2022-03-31 12820120 2023-03-31 12820120 2022-04-01 2023-03-31 12820120 frs-core:BetweenOneFiveYears 2023-03-31 12820120 frs-core:WithinOneYear 2023-03-31 12820120 frs-core:ShareCapital 2023-03-31 12820120 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31
Registered number: 12820120
Easol Limited
Unaudited ABRIDGED Financial Statements
For The Year Ended 31 March 2024
Contents
Page
Abridged Balance Sheet 1—2
Notes to the Abridged Financial Statements 3—5
Page 1
Abridged Balance Sheet
Registered number: 12820120
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 5,529 4,122
5,529 4,122
CURRENT ASSETS
Debtors 53,944 24,940
Cash at bank and in hand 124,989 176,573
178,933 201,513
Creditors: Amounts Falling Due Within One Year (50,587 ) (65,985 )
NET CURRENT ASSETS (LIABILITIES) 128,346 135,528
TOTAL ASSETS LESS CURRENT LIABILITIES 133,875 139,650
PROVISIONS FOR LIABILITIES
Deferred Taxation (1,051 ) (783 )
NET ASSETS 132,824 138,867
CAPITAL AND RESERVES
Called up share capital 5 30 30
Profit and Loss Account 132,794 138,837
SHAREHOLDERS' FUNDS 132,824 138,867
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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.
All of the company's members have consented to the preparation of an Abridged Profit and Loss Account and an Abridged Balance Sheet for the year end 31 March 2024 in accordance with section 444(2A) of the Companies Act 2006.
On behalf of the board
Mrs Rebecca Oliver
Director
Mr Michael Oliver
Director
09/08/2024
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Abridged Financial Statements
1. General Information
Easol Limited is a private company, limited by shares, incorporated in England & Wales, registered number 12820120 . The registered office is Units 1-2 Warrior Court, 9-11 Mumby Road, Gosport, Hampshire, PO12 1BS.
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 rendering of services.
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:
Fixtures & Fittings 25% reducing balance
Computer Equipment 25% reducing balance
2.4. Leasing and Hire Purchase Contracts
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
2.5. 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.
2.6. Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

...CONTINUED
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2.6. Taxation - continued
Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
2.7. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
3. Average Number of Employees
The average number of persons employed under contracts of service during the year was:  2 (2023: 1)
2 1
4. Tangible Assets
Total
£
Cost
As at 1 April 2023 5,942
Additions 3,250
As at 31 March 2024 9,192
Depreciation
As at 1 April 2023 1,820
Provided during the period 1,843
As at 31 March 2024 3,663
Net Book Value
As at 31 March 2024 5,529
As at 1 April 2023 4,122
5. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 30 30
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6. Other Commitments
The total of future minimum lease payments under non-cancellable operating leases are as follows:
2024 2023
£ £
Not later than one year 8,481 1,320
Later than one year and not later than five years 11,308 -
19,789 1,320
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