Registered number
06474447
ESJ Software Limited
Filleted Accounts
31 January 2024
Adams Watkins & Co
Regus House
Victory Way
Admirals Park
Dartford, DA2 6QD
ESJ Software Limited
Registered number: 06474447
Balance Sheet
as at 31 January 2024
Notes 2024 2023
£ £
Fixed assets
Intangible assets 3 1,932 1,550
Tangible assets 4 1,993 2,657
Investments 5 139,406 139,406
143,331 143,613
Current assets
Debtors 6 12,806 15,834
Cash at bank and in hand 9,302 2,162
22,108 17,996
Creditors: amounts falling due within one year 7 (64,803) (34,237)
Net current liabilities (42,695) (16,241)
Total assets less current liabilities 100,636 127,372
Creditors: amounts falling due after more than one year 8 (6,043) (11,443)
Provisions for liabilities (379) (505)
Net assets 94,214 115,424
Capital and reserves
Called up share capital 37,500 37,500
Profit and loss account 56,714 77,924
Shareholders' funds 94,214 115,424
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
J Mola
Director
Approved by the board on 18 September 2024
ESJ Software Limited
Notes to the Accounts
for the year ended 31 January 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Fixtures, fittings, tools and equipment 25% reducing balance
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 1 1
3 Intangible fixed assets £
Goodwill:
Cost
At 1 February 2023 1,800
Additions 790
At 31 January 2024 2,590
Amortisation
At 1 February 2023 250
Provided during the year 408
At 31 January 2024 658
Net book value
At 31 January 2024 1,932
At 31 January 2023 1,550
Software is being written off in equal annual instalments over its estimated economic life of 5 years.
4 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 February 2023 30,259
At 31 January 2024 30,259
Depreciation
At 1 February 2023 27,602
Charge for the year 664
At 31 January 2024 28,266
Net book value
At 31 January 2024 1,993
At 31 January 2023 2,657
5 Investments
Other
investments
£
Cost
At 1 February 2023 139,406
At 31 January 2024 139,406
6 Debtors 2024 2023
£ £
Trade debtors 12,200 13,823
Other debtors 606 2,011
12,806 15,834
7 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 5,059 4,957
Deferred income 26,500 19,435
Trade creditors 8,370 491
Other creditors 24,874 9,354
64,803 34,237
8 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 6,043 11,443
9 Controlling party
The controlling party is the Director.
10 Other information
ESJ Software Limited is a private company limited by shares and incorporated in England. Its registered office is:
20-22 Wenlock Road
London
N1 7GU
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