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 SC504822 Mr Michael Holmes Mrs Jodi Caddis Mr Gareth Jones Mr Craig Reed Paulpialimited Eas Mor Ecology true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure SC504822 2023-01-31 SC504822 2024-01-31 SC504822 2023-02-01 2024-01-31 SC504822 frs-core:CurrentFinancialInstruments 2024-01-31 SC504822 frs-core:Non-currentFinancialInstruments 2024-01-31 SC504822 frs-core:ComputerEquipment 2024-01-31 SC504822 frs-core:ComputerEquipment 2023-02-01 2024-01-31 SC504822 frs-core:ComputerEquipment 2023-01-31 SC504822 frs-core:FurnitureFittings 2024-01-31 SC504822 frs-core:FurnitureFittings 2023-02-01 2024-01-31 SC504822 frs-core:FurnitureFittings 2023-01-31 SC504822 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-01-31 SC504822 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-02-01 2024-01-31 SC504822 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-01-31 SC504822 frs-core:PlantMachinery 2024-01-31 SC504822 frs-core:PlantMachinery 2023-02-01 2024-01-31 SC504822 frs-core:PlantMachinery 2023-01-31 SC504822 frs-core:ShareCapital 2024-01-31 SC504822 frs-core:RetainedEarningsAccumulatedLosses 2024-01-31 SC504822 frs-bus:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 SC504822 frs-bus:FilletedAccounts 2023-02-01 2024-01-31 SC504822 frs-bus:SmallEntities 2023-02-01 2024-01-31 SC504822 frs-bus:AuditExempt-NoAccountantsReport 2023-02-01 2024-01-31 SC504822 frs-bus:SmallCompaniesRegimeForAccounts 2023-02-01 2024-01-31 SC504822 1 2023-02-01 2024-01-31 SC504822 frs-bus:Director1 2023-02-01 2024-01-31 SC504822 frs-bus:Director2 2023-02-01 2024-01-31 SC504822 frs-bus:Director3 2023-02-01 2024-01-31 SC504822 frs-bus:Director4 2023-02-01 2024-01-31 SC504822 frs-bus:CompanySecretary1 2023-02-01 2024-01-31 SC504822 frs-countries:Scotland 2023-02-01 2024-01-31 SC504822 2022-01-31 SC504822 2023-01-31 SC504822 2022-02-01 2023-01-31 SC504822 frs-core:CurrentFinancialInstruments 2023-01-31 SC504822 frs-core:Non-currentFinancialInstruments 2023-01-31 SC504822 frs-core:ShareCapital 2023-01-31 SC504822 frs-core:RetainedEarningsAccumulatedLosses 2023-01-31
Registered number: SC504822
Eas Mor H2o Ecology Limited
Financial Statements
For The Year Ended 31 January 2024
M&PW Accountancy Services Ltd
31 Burns Statue Square
Ayr
KA7 1SU
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: SC504822
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 307,598 262,006
307,598 262,006
CURRENT ASSETS
Debtors 5 55,166 45,401
Cash at bank and in hand 7,858 8,434
63,024 53,835
Creditors: Amounts Falling Due Within One Year 6 (27,334 ) (4,369 )
NET CURRENT ASSETS (LIABILITIES) 35,690 49,466
TOTAL ASSETS LESS CURRENT LIABILITIES 343,288 311,472
Creditors: Amounts Falling Due After More Than One Year 7 (161,898 ) (161,898 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (23,836 ) (22,477 )
NET ASSETS 157,554 127,097
CAPITAL AND RESERVES
Called up share capital 8 10 10
Profit and Loss Account 157,544 127,087
SHAREHOLDERS' FUNDS 157,554 127,097
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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 Michael Holmes
Director
24th September 2024
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Eas Mor H2o Ecology Limited is a private company, limited by shares, incorporated in Scotland, registered number SC504822 . The registered office is 95 Ladywell Road, Maybole, Ayrshire, KA19 7AS.
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.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
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:
Leasehold 5% on cost
Plant & Machinery 5% on cost
Fixtures & Fittings 15% on cost
Computer Equipment 15% on cost
2.4. 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 4 (2023: NIL)
4 -
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4. Tangible Assets
Land & Property
Leasehold Plant & Machinery Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 February 2023 129,341 222,401 - - 351,742
Additions 53,227 2,886 6,712 526 63,351
As at 31 January 2024 182,568 225,287 6,712 526 415,093
Depreciation
As at 1 February 2023 23,644 66,092 - - 89,736
Provided during the period 7,946 7,960 1,678 175 17,759
As at 31 January 2024 31,590 74,052 1,678 175 107,495
Net Book Value
As at 31 January 2024 150,978 151,235 5,034 351 307,598
As at 1 February 2023 105,697 156,309 - - 262,006
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 49,348 44,555
Other debtors 941 -
VAT 4,877 846
55,166 45,401
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 24,642 2,819
Other creditors 72 -
Accruals and deferred income 2,620 1,550
27,334 4,369
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 161,898 161,898
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 10 10
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9. Related Party Transactions
In the current year, taxable profits of £30,000 (2023 - £27,586) were gift aided to the parent company, Eas Mor Ecology, a registered charity.
Further profits of £29,975 have been gift aided to the Eas Mor charity and these will be paid within nine months of the year end.
At the year end £61,898 (2023 - £61,898) is owing to Eas Mor Ecology in respect of expenses incurred on the Hydro build and the aforementioned gift aided profits not yet passed on.
During the year, Director Michael Holmes, provided services to the company totalling nil (2021 nil).
Directors, Gareth Jones and Craig |Reed are also members of Eas Mor Hydro LLP. During the year management fees of £44,907 (2023 £46,713) were charged by Eas Mor Hydro LLP, and at the year end no amounts remain unpaid. In addition a loan of £17,974 (2023 £17,974) was due to Eas Mor Hydro LLp and is shown within other loans. No interest has been charged on this loan and no repayment date set.
Eas Mor Ecology H20 Limited operates from land owned by director, Michael Holmes. This land is leased to the parent company Eas Mor Ecology who are charged an annual rent.
10. Ultimate Controlling Party
The company's ultimate controlling party is Eas Mor Ecology by virtue of his ownership of 100% of the issued share capital in the company.
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