Acorah Software Products - Accounts Production 15.0.600 false true 31 December 2022 1 January 2022 false 1 January 2023 31 December 2023 31 December 2023 10589136 Mr Daniel Cartwright Mr Craig Speed iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 10589136 2022-12-31 10589136 2023-12-31 10589136 2023-01-01 2023-12-31 10589136 frs-core:CurrentFinancialInstruments 2023-12-31 10589136 frs-core:Non-currentFinancialInstruments 2023-12-31 10589136 frs-core:FurnitureFittings 2023-12-31 10589136 frs-core:FurnitureFittings 2023-01-01 2023-12-31 10589136 frs-core:FurnitureFittings 2022-12-31 10589136 frs-core:MotorVehicles 2023-12-31 10589136 frs-core:MotorVehicles 2023-01-01 2023-12-31 10589136 frs-core:MotorVehicles 2022-12-31 10589136 frs-core:PlantMachinery 2023-12-31 10589136 frs-core:PlantMachinery 2023-01-01 2023-12-31 10589136 frs-core:PlantMachinery 2022-12-31 10589136 frs-core:ShareCapital 2023-12-31 10589136 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 10589136 frs-bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 10589136 frs-bus:FilletedAccounts 2023-01-01 2023-12-31 10589136 frs-bus:SmallEntities 2023-01-01 2023-12-31 10589136 frs-bus:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 10589136 frs-bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 10589136 frs-bus:Director1 2023-01-01 2023-12-31 10589136 frs-bus:Director1 2022-12-31 10589136 frs-bus:Director1 2023-12-31 10589136 frs-bus:Director2 2023-01-01 2023-12-31 10589136 frs-bus:Director2 2022-12-31 10589136 frs-bus:Director2 2023-12-31 10589136 frs-countries:EnglandWales 2023-01-01 2023-12-31 10589136 frs-core:Non-currentFinancialInstruments frs-core:MoreThanFiveYears 2022-12-31 10589136 2021-12-31 10589136 2022-12-31 10589136 2022-01-01 2022-12-31 10589136 frs-core:CurrentFinancialInstruments 2022-12-31 10589136 frs-core:Non-currentFinancialInstruments 2022-12-31 10589136 frs-core:ShareCapital 2022-12-31 10589136 frs-core:RetainedEarningsAccumulatedLosses 2022-12-31
Registered number: 10589136
Enpro Services Limited
Unaudited Financial Statements
For The Year Ended 31 December 2023
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 10589136
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 143,665 102,473
143,665 102,473
CURRENT ASSETS
Stocks 5 5,450 38,939
Debtors 6 404,074 414,185
Cash at bank and in hand 404,471 600,305
813,995 1,053,429
Creditors: Amounts Falling Due Within One Year 7 (376,505 ) (443,652 )
NET CURRENT ASSETS (LIABILITIES) 437,490 609,777
TOTAL ASSETS LESS CURRENT LIABILITIES 581,155 712,250
Creditors: Amounts Falling Due After More Than One Year 8 (353,883 ) (446,213 )
NET ASSETS 227,272 266,037
CAPITAL AND RESERVES
Called up share capital 9 2 2
Profit and Loss Account 227,270 266,035
SHAREHOLDERS' FUNDS 227,272 266,037
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Page 2
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 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 Daniel Cartwright
Director
Mr Craig Speed
Director
10 September 2024
The notes on pages 3 to 6 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Enpro Services Limited is a private company, limited by shares, incorporated in England & Wales, registered number 10589136 . The registered office is Unit 17 The Chubb Buildings, Fryer Street, Wolverhampton, WV1 1HT.
The financial statements are presented in pound sterling (£) and rounded to the nearest whole £.
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.
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:
Plant & Machinery 20% reducing balance
Motor Vehicles 20% reducing balance
Fixtures & Fittings 20% reducing balance
2.4. Leasing and Hire Purchase Contracts
Assets obtained under hire purchase contracts and finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.
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. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
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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 year 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 asset reflects 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.
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
Average number of employees, including directors, during the year was: 14 (2022: 10)
14 10
4. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Total
£ £ £ £
Cost
As at 1 January 2023 22,695 83,513 15,313 121,521
Additions 59,371 - 7,531 66,902
As at 31 December 2023 82,066 83,513 22,844 188,423
Depreciation
As at 1 January 2023 1,213 15,350 2,485 19,048
Provided during the period 8,850 13,633 3,227 25,710
As at 31 December 2023 10,063 28,983 5,712 44,758
Net Book Value
As at 31 December 2023 72,003 54,530 17,132 143,665
As at 1 January 2023 21,482 68,163 12,828 102,473
5. Stocks
2023 2022
£ £
Stock 3,500 -
Work in progress 1,950 38,939
5,450 38,939
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6. Debtors
2023 2022
£ £
Due within one year
Trade debtors 165,023 333,145
Prepayments and accrued income 22,533 50,773
Other debtors 116,699 15,660
Corporation tax recoverable assets - 14,607
Directors' loan accounts 99,819 -
404,074 414,185
7. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 175,622 259,654
Bank loans and overdrafts 92,330 84,743
Other taxes and social security 17,085 16,338
VAT 65,933 59,779
Other creditors 7,873 6,998
Accruals and deferred income 13,012 15,921
Directors' loan accounts - 219
Amounts owed to related parties 4,650 -
376,505 443,652
8. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Bank loans 353,883 446,213
Of the creditors falling due after more than one year the following amounts are due after more than five years.
2023 2022
£ £
Bank loans - 39,106
9. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 2 2
10. Pension Commitments
The company operates a defined contribution pension scheme for its employees. The assets of the scheme are held separately from those of the company in an independently administered fund. Included within Other Creditors at the balance sheet date are unpaid contributions of £2,497 (2022: £3,153) due to the fund.
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11. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 January 2023 Amounts advanced Amounts repaid Amounts written off As at 31 December 2023
£ £ £ £ £
Mr Daniel Cartwright (110 ) 50,000 - - 49,909
Mr Craig Speed (109 ) 50,000 - - 49,910
The above loan is unsecured, interest free and repayable on demand.
12. Related Party Transactions
Included within other debtors is a balance of £112,049 (2022: £15,660) owed by companies under common control.
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