Acorah Software Products - Accounts Production 15.0.400 false true 31 May 2023 1 June 2022 false 1 June 2023 31 May 2024 31 May 2024 05129754 Mr David Curran Mrs Lesley Curran Mrs Lesley Curran iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 05129754 2023-05-31 05129754 2024-05-31 05129754 2023-06-01 2024-05-31 05129754 frs-core:ComputerEquipment 2023-06-01 2024-05-31 05129754 frs-core:FurnitureFittings 2023-06-01 2024-05-31 05129754 frs-core:NetGoodwill 2023-06-01 2024-05-31 05129754 frs-core:PlantMachinery 2023-06-01 2024-05-31 05129754 frs-core:ShareCapital 2024-05-31 05129754 frs-core:RetainedEarningsAccumulatedLosses 2024-05-31 05129754 frs-bus:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 05129754 frs-bus:AbridgedAccounts 2023-06-01 2024-05-31 05129754 frs-bus:SmallEntities 2023-06-01 2024-05-31 05129754 frs-bus:AuditExempt-NoAccountantsReport 2023-06-01 2024-05-31 05129754 frs-bus:SmallCompaniesRegimeForAccounts 2023-06-01 2024-05-31 05129754 frs-bus:OrdinaryShareClass1 2023-06-01 2024-05-31 05129754 frs-bus:OrdinaryShareClass1 2024-05-31 05129754 frs-bus:Director1 2023-06-01 2024-05-31 05129754 frs-bus:Director2 2023-06-01 2024-05-31 05129754 frs-bus:CompanySecretary1 2023-06-01 2024-05-31 05129754 frs-countries:EnglandWales 2023-06-01 2024-05-31 05129754 2022-05-31 05129754 2023-05-31 05129754 2022-06-01 2023-05-31 05129754 frs-core:ShareCapital 2023-05-31 05129754 frs-core:RetainedEarningsAccumulatedLosses 2023-05-31 05129754 frs-bus:OrdinaryShareClass1 2022-06-01 2023-05-31
Registered number: 05129754
Edson Tiger Limited
Unaudited ABRIDGED Financial Statements
For The Year Ended 31 May 2024
Contents
Page
Abridged Balance Sheet 1—2
Notes to the Abridged Financial Statements 3—4
Page 1
Abridged Balance Sheet
Registered number: 05129754
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 15,402 25,212
Tangible Assets 5 4,678 5,028
20,080 30,240
CURRENT ASSETS
Debtors 50,334 74,034
Cash at bank and in hand 145,895 397,061
196,229 471,095
Creditors: Amounts Falling Due Within One Year (21,176 ) (18,032 )
NET CURRENT ASSETS (LIABILITIES) 175,053 453,063
TOTAL ASSETS LESS CURRENT LIABILITIES 195,133 483,303
NET ASSETS 195,133 483,303
CAPITAL AND RESERVES
Called up share capital 6 150 300
Profit and Loss Account 194,983 483,003
SHAREHOLDERS' FUNDS 195,133 483,303
Page 1
Page 2
For the year ending 31 May 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 Balance Sheet for the year end 31 May 2024 in accordance with section 444(2A) of the Companies Act 2006.
On behalf of the board
Mr David Curran
Director
04/09/2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Abridged Financial Statements
1. General Information
Edson Tiger Limited is a private company, limited by shares, incorporated in England & Wales, registered number 05129754 . The registered office is The Science Park Centre, 6 Babbage Way, Exeter, Devon, EX5 2FN.
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. 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. 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 5 years.
2.4. 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% straight Line
Computer Equipment 30% reducing balance
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
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.
Page 3
Page 4
3. Average Number of Employees
Average number of employees, including directors, during the year was: 3 (2023: 3)
3 3
4. Intangible Assets
Total
£
Cost
As at 1 June 2023 49,047
As at 31 May 2024 49,047
Amortisation
As at 1 June 2023 23,835
Provided during the period 9,810
As at 31 May 2024 33,645
Net Book Value
As at 31 May 2024 15,402
As at 1 June 2023 25,212
5. Tangible Assets
Total
£
Cost
As at 1 June 2023 21,086
Additions 1,570
As at 31 May 2024 22,656
Depreciation
As at 1 June 2023 16,058
Provided during the period 1,920
As at 31 May 2024 17,978
Net Book Value
As at 31 May 2024 4,678
As at 1 June 2023 5,028
6. Share Capital
2024 2023
Allotted, called up and fully paid £ £
150 Ordinary Shares of £ 1.00 each 150 300
Shares disposed during the period: £
150 Ordinary Shares of £ 1.00 each (150)
Page 4