Acorah Software Products - Accounts Production 15.0.600 false true 30 June 2023 1 July 2022 false 1 July 2023 30 June 2024 30 June 2024 05341366 Mr Vincenzo Palmieri Mr Vincenzo Palmieri iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 05341366 2023-06-30 05341366 2024-06-30 05341366 2023-07-01 2024-06-30 05341366 frs-core:CurrentFinancialInstruments 2024-06-30 05341366 frs-core:Non-currentFinancialInstruments 2024-06-30 05341366 frs-core:ComputerEquipment 2024-06-30 05341366 frs-core:ComputerEquipment 2023-07-01 2024-06-30 05341366 frs-core:ComputerEquipment 2023-06-30 05341366 frs-core:FurnitureFittings 2024-06-30 05341366 frs-core:FurnitureFittings 2023-07-01 2024-06-30 05341366 frs-core:FurnitureFittings 2023-06-30 05341366 frs-core:NetGoodwill 2024-06-30 05341366 frs-core:NetGoodwill 2023-07-01 2024-06-30 05341366 frs-core:NetGoodwill 2023-06-30 05341366 frs-core:MotorVehicles 2024-06-30 05341366 frs-core:MotorVehicles 2023-07-01 2024-06-30 05341366 frs-core:MotorVehicles 2023-06-30 05341366 frs-core:PlantMachinery 2024-06-30 05341366 frs-core:PlantMachinery 2023-07-01 2024-06-30 05341366 frs-core:PlantMachinery 2023-06-30 05341366 frs-core:ShareCapital 2024-06-30 05341366 frs-core:RetainedEarningsAccumulatedLosses 2024-06-30 05341366 frs-bus:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 05341366 frs-bus:FilletedAccounts 2023-07-01 2024-06-30 05341366 frs-bus:SmallEntities 2023-07-01 2024-06-30 05341366 frs-bus:AuditExempt-NoAccountantsReport 2023-07-01 2024-06-30 05341366 frs-bus:SmallCompaniesRegimeForAccounts 2023-07-01 2024-06-30 05341366 frs-bus:Director1 2023-07-01 2024-06-30 05341366 frs-bus:CompanySecretary1 2023-07-01 2024-06-30 05341366 frs-countries:EnglandWales 2023-07-01 2024-06-30 05341366 2022-06-30 05341366 2023-06-30 05341366 2022-07-01 2023-06-30 05341366 frs-core:CurrentFinancialInstruments 2023-06-30 05341366 frs-core:Non-currentFinancialInstruments 2023-06-30 05341366 frs-core:ShareCapital 2023-06-30 05341366 frs-core:RetainedEarningsAccumulatedLosses 2023-06-30
Registered number: 05341366
E.S.P. Coachworks Limited
Unaudited Financial Statements
For The Year Ended 30 June 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 05341366
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 5 9,222 9,427
9,222 9,427
CURRENT ASSETS
Debtors 6 5,819 15,624
Cash at bank and in hand 10,474 9,302
16,293 24,926
Creditors: Amounts Falling Due Within One Year 7 (18,892 ) (23,736 )
NET CURRENT ASSETS (LIABILITIES) (2,599 ) 1,190
TOTAL ASSETS LESS CURRENT LIABILITIES 6,623 10,617
Creditors: Amounts Falling Due After More Than One Year 8 (3,913 ) (7,913 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (1,696 ) (1,696 )
NET ASSETS 1,014 1,008
CAPITAL AND RESERVES
Called up share capital 9 1,000 1,000
Profit and Loss Account 14 8
SHAREHOLDERS' FUNDS 1,014 1,008
Page 1
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For the year ending 30 June 2024 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 Vincenzo Palmieri
Director
19/09/2024
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
E.S.P. Coachworks Limited is a private company, limited by shares, incorporated in England & Wales, registered number 05341366 . The registered office is The Old Barn Wood Street, Swanley, BR8 7PA.
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. 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 .... 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 15% WDV
Motor Vehicles 25% WDV
Fixtures & Fittings 15% WDV
Computer Equipment 15% WDV
2.5. 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 in respect of all timing differences that have originated but not reversed at the balance
sheet date.
Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from
those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that
have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the
timing difference.
Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they
will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
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.
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3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: NIL)
2 -
4. Intangible Assets
Goodwill
£
Cost
As at 1 July 2023 8,000
As at 30 June 2024 8,000
Amortisation
As at 1 July 2023 8,000
As at 30 June 2024 8,000
Net Book Value
As at 30 June 2024 -
As at 1 July 2023 -
5. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 July 2023 23,119 22,830 3,053 10,471 59,473
Additions - - - 1,516 1,516
As at 30 June 2024 23,119 22,830 3,053 11,987 60,989
Depreciation
As at 1 July 2023 19,601 22,032 617 7,796 50,046
Provided during the period 527 200 365 629 1,721
As at 30 June 2024 20,128 22,232 982 8,425 51,767
Net Book Value
As at 30 June 2024 2,991 598 2,071 3,562 9,222
As at 1 July 2023 3,518 798 2,436 2,675 9,427
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6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 2,048 4,028
Director's loan account 3,771 11,596
5,819 15,624
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 1,725 1,602
Bank loans and overdrafts 4,000 4,000
Corporation tax 9,249 5,726
VAT 3,231 5,542
Other creditors 687 6,866
18,892 23,736
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 3,913 7,913
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1,000 1,000
10. Related Party Transactions
Included in other debtors is an amount of £3,771 (2023 - £11,596), owed to the company by the director Mr V Palmieri. This loan is interest free and no repayment terms have been agreed.
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