Acorah Software Products - Accounts Production 15.0.600 false true 31 January 2023 1 February 2022 false 1 February 2023 31 January 2024 31 January 2024 09389783 Mr Grant Christie Mr Charlie Smith iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 09389783 2023-01-31 09389783 2024-01-31 09389783 2023-02-01 2024-01-31 09389783 frs-core:CurrentFinancialInstruments 2024-01-31 09389783 frs-core:Non-currentFinancialInstruments 2024-01-31 09389783 frs-core:ComputerEquipment 2024-01-31 09389783 frs-core:ComputerEquipment 2023-02-01 2024-01-31 09389783 frs-core:ComputerEquipment 2023-01-31 09389783 frs-core:MotorVehicles 2024-01-31 09389783 frs-core:MotorVehicles 2023-02-01 2024-01-31 09389783 frs-core:MotorVehicles 2023-01-31 09389783 frs-core:PlantMachinery 2024-01-31 09389783 frs-core:PlantMachinery 2023-02-01 2024-01-31 09389783 frs-core:PlantMachinery 2023-01-31 09389783 frs-core:ShareCapital 2024-01-31 09389783 frs-core:RetainedEarningsAccumulatedLosses 2024-01-31 09389783 frs-bus:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 09389783 frs-bus:FilletedAccounts 2023-02-01 2024-01-31 09389783 frs-bus:SmallEntities 2023-02-01 2024-01-31 09389783 frs-bus:AuditExempt-NoAccountantsReport 2023-02-01 2024-01-31 09389783 frs-bus:SmallCompaniesRegimeForAccounts 2023-02-01 2024-01-31 09389783 frs-bus:Director1 2023-02-01 2024-01-31 09389783 frs-bus:Director2 2023-02-01 2024-01-31 09389783 frs-countries:EnglandWales 2023-02-01 2024-01-31 09389783 2022-01-31 09389783 2023-01-31 09389783 2022-02-01 2023-01-31 09389783 frs-core:CurrentFinancialInstruments 2023-01-31 09389783 frs-core:Non-currentFinancialInstruments 2023-01-31 09389783 frs-core:ShareCapital 2023-01-31 09389783 frs-core:RetainedEarningsAccumulatedLosses 2023-01-31
Registered number: 09389783
Electrosmith Ltd
Financial Statements
For The Year Ended 31 January 2024
Outsourced ACC Ltd
High Street Centre, 137-139 High Street
Beckenham
Kent
BR3 1AG
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 09389783
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 46,262 22,198
46,262 22,198
CURRENT ASSETS
Debtors 5 31,544 14,089
Cash at bank and in hand 56,759 37,116
88,303 51,205
Creditors: Amounts Falling Due Within One Year 6 (77,076 ) (22,516 )
NET CURRENT ASSETS (LIABILITIES) 11,227 28,689
TOTAL ASSETS LESS CURRENT LIABILITIES 57,489 50,887
Creditors: Amounts Falling Due After More Than One Year 7 (38,733 ) (41,204 )
NET ASSETS 18,756 9,683
CAPITAL AND RESERVES
Called up share capital 8 2 2
Profit and Loss Account 18,754 9,681
SHAREHOLDERS' FUNDS 18,756 9,683
Page 1
Page 2
For the year ending 31 January 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.
On behalf of the board
Mr Grant Christie
Director
Mr Charlie Smith
Director
21st August 2024
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Electrosmith Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 09389783 . The registered office is 1 Marlowe Square, Mitcham, Surrey, CR4 1DT.
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.
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:
Plant & Machinery 25% Straight Line Method
Motor Vehicles 25% and 20% Straight Line Method
Computer Equipment 25% Straight Line Method
2.4. Taxation
Income tax expense represents the sum of the tax currently payable.
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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 5 (2023: 5)
5 5
Page 3
Page 4
4. Tangible Assets
Plant & Machinery Motor Vehicles Computer Equipment Total
£ £ £ £
Cost
As at 1 February 2023 4,056 25,835 4,579 34,470
Additions 161 40,193 1,648 42,002
Disposals - (5,000 ) - (5,000 )
As at 31 January 2024 4,217 61,028 6,227 71,472
Depreciation
As at 1 February 2023 1,332 9,675 1,265 12,272
Provided during the period 1,024 13,642 1,189 15,855
Disposals - (2,917 ) - (2,917 )
As at 31 January 2024 2,356 20,400 2,454 25,210
Net Book Value
As at 31 January 2024 1,861 40,628 3,773 46,262
As at 1 February 2023 2,724 16,160 3,314 22,198
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 31,544 12,678
Other debtors - 1,411
31,544 14,089
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 16,234 8,005
Other creditors 41,118 1,977
Taxation and social security 19,724 12,534
77,076 22,516
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 38,733 41,204
Page 4
Page 5
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 2 2
Page 5