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Registered number: 12143688
Entrepreneurs Collective Ltd
Unaudited Financial Statements
For The Year Ended 31 August 2023
Ascendis Group
Chartered Certified Accountants, Taxation and Business Advisors
Unit 3, Building 2, The Colony Wilmslow
Altrincham Road
Wilmslow
Cheshire
SK9 4LY
Contents
Page
Accountant's Report 1
Balance Sheet 2—3
Notes to the Financial Statements 4—6
Page 1
Accountant's Report
Report to the director on the preparation of the unaudited statutory accounts of Entrepreneurs Collective Ltd For The Year Ended 31 August 2023
To assist you to fulfil your duties under the Companies Act 2006,we have prepared for your approval the accounts of Entrepreneurs Collective Ltd which comprise the Profit and Loss Account, the Balance Sheet and the related notes, from the company’s accounting records and from information and explanations you have given us.
As a practising member of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/en/member/professional-standards/rules-standards/acca-rulebook.html.
This report is made to the director of Entrepreneurs Collective Ltd , as a body, in accordance with the terms of our engagement letter dated 22 September 2023. Our work has been undertaken solely to prepare for your approval the accounts of Entrepreneurs Collective Ltd and state those matters that we have agreed to state to the director of Entrepreneurs Collective Ltd , as a body, in this report in accordance with the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Entrepreneurs Collective Ltd and its director as a body for our work or for this report.
It is your duty to ensure that Entrepreneurs Collective Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit or loss of Entrepreneurs Collective Ltd . You consider that Entrepreneurs Collective Ltd is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Entrepreneurs Collective Ltd . For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the financial statements.
Signed
Ascendis Group
16th August 2024
Ascendis Group
Chartered Certified Accountants, Taxation and Business Advisors
Unit 3, Building 2, The Colony Wilmslow
Altrincham Road
Wilmslow
Cheshire
SK9 4LY
Page 1
Page 2
Balance Sheet
Registered number: 12143688
2023 2022
as restated
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 666 363
666 363
CURRENT ASSETS
Debtors 5 177,838 81,371
Cash at bank and in hand 14,169 2,552
192,007 83,923
Creditors: Amounts Falling Due Within One Year 6 (150,138 ) (157,047 )
NET CURRENT ASSETS (LIABILITIES) 41,869 (73,124 )
TOTAL ASSETS LESS CURRENT LIABILITIES 42,535 (72,761 )
Creditors: Amounts Falling Due After More Than One Year 7 (4,197 ) (6,826 )
NET ASSETS/(LIABILITIES) 38,338 (79,587 )
CAPITAL AND RESERVES
Called up share capital 10 1 1
Share premium account 130,001 130,001
Profit and Loss Account (91,664 ) (209,589 )
SHAREHOLDERS' FUNDS 38,338 (79,587)
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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 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 Michael Blakeley
Director
16th August 2024
The notes on pages 4 to 6 form part of these financial statements.
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Page 4
Notes to the Financial Statements
1. General Information
Entrepreneurs Collective Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 12143688 . The registered office is 16 Holland Park Mews, London, W11 3SX.
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 is reduced for estimated customer returns, rebates and other similar allowances.

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. 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:
Computer Equipment 33% Straight line
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 recognized 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 recognized for all taxable timing differences. Deferred tax assets are generally recognized 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 utilized. 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 realized, 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 recognized in profit or loss, except when they related to items that are recognized in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognized in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 4 (2022: 3)
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4. Tangible Assets
Computer Equipment
£
Cost
As at 1 September 2022 363
Additions 524
As at 31 August 2023 887
Depreciation
As at 1 September 2022 -
Provided during the period 221
As at 31 August 2023 221
Net Book Value
As at 31 August 2023 666
As at 1 September 2022 363
5. Debtors
2023 2022
as restated
£ £
Due within one year
Trade debtors 86,568 4,176
Amounts owed by group undertakings 64,657 26,688
Other debtors 26,613 50,507
177,838 81,371
Included in the amounts owed by related entities are commission payments paid in advance on sales and success fees where funds have already been received.
6. Creditors: Amounts Falling Due Within One Year
2023 2022
as restated
£ £
Trade creditors 29,943 17,318
Bank loans and overdrafts 2,678 2,500
Amounts owed to group undertakings - 45,827
Other creditors 46,448 46,614
Taxation and social security 71,069 44,788
150,138 157,047
7. Creditors: Amounts Falling Due After More Than One Year
2023 2022
as restated
£ £
Bank loans 4,197 6,826
8. Deferred Taxation
The provision for deferred taxation is made up of losses carried forward.
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9. Provisions for Liabilities
Deferred Tax Total
£ £
Additions (22,444 ) (22,444)
Balance at 31 August 2023 (22,444 ) (22,444)
10. Share Capital
2023 2022
as restated
Allotted, called up and fully paid £ £
1,120,000 Ordinary Shares of £ 0.000001 each 1 1
11. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 September 2022 Amounts advanced Amounts repaid Amounts written off As at 31 August 2023
£ £ £ £ £
Mr Michael Blakeley 50,507 73,719 59,333 - 64,893
The above loan is unsecured, repayable on demand.
12. Related Party Transactions
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.
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