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Registered number: 07422430
Eyzon Group Limited
Unaudited Financial Statements
For The Year Ended 31 December 2023
Unaudited Financial Statements
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—3
Page 1
Balance Sheet
Registered number: 07422430
2023 2022
Notes £ £ £ £
FIXED ASSETS
CURRENT ASSETS
Debtors 5 216,697 343,978
Investments 6 30,100 30,100
246,797 374,078
Creditors: Amounts Falling Due Within One Year 7 - (131,281 )
NET CURRENT ASSETS (LIABILITIES) 246,797 242,797
TOTAL ASSETS LESS CURRENT LIABILITIES 246,797 242,797
NET ASSETS 246,797 242,797
CAPITAL AND RESERVES
Called up share capital 8 100 100
Profit and Loss Account 246,697 242,697
SHAREHOLDERS' FUNDS 246,797 242,797
For the year ending 31 December 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 Paul Duffield
Director
2 September 2024
The notes on pages 2 to 3 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
Eyzon Group Limited is a private company, limited by shares, incorporated in England & Wales, registered number 07422430 . The registered office is Unit 9 Innovation Centre, Conyngham Hall, Knaresborough, North Yorkshire, HG5 9AY.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.

The company has taken advantage of the option not to prepare consolidated financial statements contained in Section 398 of Companies Act 2006 on the basis that the company and its subsidiary undertakings comprise a small group.
2.2. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of 4 years.
2.3. Financial Instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest interest in the assets of the entity after deducting all of its financial liabilities.
2.4. Investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.

Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.

Investments in associates

Investments in associates accounted for in accordance with the cost model are recorded at cost less any accumulated impairment losses.

Investments in associates accounted for in accordance with the fair value model are initially recorded at the transaction price. At each reporting date, the investments are measured at fair value, with changes in fair value recognised in other comprehensive income/profit or loss. Where it is impracticable to measure fair value reliably without undue cost or effort, the cost model will be adopted.

Dividends and other distributions received from the investment are recognised as income without regard to whether the distributions are from accumulated profits of the associate arising before or after the date of acquisition.
2.5. Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets.

For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2022: 1)
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4. Intangible Assets
Goodwill
£
Cost
As at 1 January 2023 129,700
As at 31 December 2023 129,700
Amortisation
As at 1 January 2023 129,700
As at 31 December 2023 129,700
Net Book Value
As at 31 December 2023 -
As at 1 January 2023 -
5. Debtors
2023 2022
£ £
Due within one year
Amounts owed by group undertakings 113,711 343,978
Other debtors 102,986 -
216,697 343,978
6. Current Asset Investments
2023 2022
£ £
Shares in subsidiaries 30,100 30,100
30,100 30,100
7. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Other creditors - 131,281
- 131,281
8. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 100 100
9. Related Party Transactions
The company was under the control of Mr P L Duffield throughout the current and previous year, through his role as managing director of company.
The Company's related party transactions were with wholly owned subsidiary and so have not been disclosed.
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