Acorah Software Products - Accounts Production 15.0.600 false true 28 February 2023 1 March 2022 false 1 March 2023 28 February 2024 28 February 2024 SC244620 Stephen Brazill Pamela Brazill iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure SC244620 2023-02-28 SC244620 2024-02-28 SC244620 2023-03-01 2024-02-28 SC244620 frs-core:CurrentFinancialInstruments 2024-02-28 SC244620 frs-core:ComputerEquipment 2024-02-28 SC244620 frs-core:ComputerEquipment 2023-03-01 2024-02-28 SC244620 frs-core:ComputerEquipment 2023-02-28 SC244620 frs-core:FurnitureFittings 2024-02-28 SC244620 frs-core:FurnitureFittings 2023-03-01 2024-02-28 SC244620 frs-core:FurnitureFittings 2023-02-28 SC244620 frs-core:ShareCapital 2024-02-28 SC244620 frs-core:RetainedEarningsAccumulatedLosses 2024-02-28 SC244620 frs-bus:PrivateLimitedCompanyLtd 2023-03-01 2024-02-28 SC244620 frs-bus:FilletedAccounts 2023-03-01 2024-02-28 SC244620 frs-bus:SmallEntities 2023-03-01 2024-02-28 SC244620 frs-bus:AuditExempt-NoAccountantsReport 2023-03-01 2024-02-28 SC244620 frs-bus:SmallCompaniesRegimeForAccounts 2023-03-01 2024-02-28 SC244620 frs-bus:Director1 2023-03-01 2024-02-28 SC244620 frs-bus:CompanySecretary1 2023-03-01 2024-02-28 SC244620 frs-countries:Scotland 2023-03-01 2024-02-28 SC244620 2022-02-28 SC244620 2023-02-28 SC244620 2022-03-01 2023-02-28 SC244620 frs-core:CurrentFinancialInstruments 2023-02-28 SC244620 frs-core:ShareCapital 2023-02-28 SC244620 frs-core:RetainedEarningsAccumulatedLosses 2023-02-28
Registered number: SC244620
Euro Piling Products Limited
Unaudited Financial Statements
For The Year Ended 28 February 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: SC244620
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 353 760
353 760
CURRENT ASSETS
Stocks 5 86,150 -
Debtors 6 301,701 458,764
Cash at bank 657,664 120,219
1,045,515 578,983
Creditors: Amounts Falling Due Within One Year 7 (906,167 ) (463,893 )
NET CURRENT ASSETS (LIABILITIES) 139,348 115,090
TOTAL ASSETS LESS CURRENT LIABILITIES 139,701 115,850
NET ASSETS 139,701 115,850
CAPITAL AND RESERVES
Called up share capital 8 100,000 100,000
Profit and Loss Account 39,701 15,850
SHAREHOLDERS' FUNDS 139,701 115,850
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For the year ending 28 February 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
Stephen Brazill
Director
1 October 2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Euro Piling Products Limited is a private company, limited by shares, incorporated in Scotland, registered number SC244620 . The registered office is 5 Stenzel Place, The Elms, Stepps, Glasgow, G33 6EJ.
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.
The financial statements are prepared in sterling, which is the functional currency of the entity.
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:
Fixtures & Fittings 33.33%
Computer Equipment 33.33%
2.4. 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.
2.5. Financial Instruments
Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
2.6. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
2.7. Taxation
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: 1 (2023: 1)
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4. Tangible Assets
Fixtures & Fittings Computer Equipment Total
£ £ £
Cost
As at 1 March 2023 620 2,975 3,595
As at 28 February 2024 620 2,975 3,595
Depreciation
As at 1 March 2023 620 2,215 2,835
Provided during the period - 407 407
As at 28 February 2024 620 2,622 3,242
Net Book Value
As at 28 February 2024 - 353 353
As at 1 March 2023 - 760 760
5. Stocks
2024 2023
£ £
Stock 86,150 -
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 268,217 441,681
Other debtors 33,484 17,083
301,701 458,764
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 204,093 187,672
Other creditors 702,074 276,221
906,167 463,893
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100,000 100,000
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