Acorah Software Products - Accounts Production 15.0.600 false true 31 May 2023 1 June 2022 false 1 June 2023 31 May 2024 31 May 2024 12590958 Ms E Holmeide Mr G Matrone iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 12590958 2023-05-31 12590958 2024-05-31 12590958 2023-06-01 2024-05-31 12590958 frs-core:PlantMachinery 2024-05-31 12590958 frs-core:PlantMachinery 2023-06-01 2024-05-31 12590958 frs-core:PlantMachinery 2023-05-31 12590958 frs-core:ShareCapital 2024-05-31 12590958 frs-core:RetainedEarningsAccumulatedLosses 2024-05-31 12590958 frs-bus:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 12590958 frs-bus:FilletedAccounts 2023-06-01 2024-05-31 12590958 frs-bus:SmallEntities 2023-06-01 2024-05-31 12590958 frs-bus:AuditExempt-NoAccountantsReport 2023-06-01 2024-05-31 12590958 frs-bus:SmallCompaniesRegimeForAccounts 2023-06-01 2024-05-31 12590958 frs-core:AcceleratedTaxDepreciationDeferredTax 2024-05-31 12590958 frs-bus:Director1 2023-06-01 2024-05-31 12590958 frs-bus:Director2 2023-06-01 2024-05-31 12590958 frs-countries:EnglandWales 2023-06-01 2024-05-31 12590958 2022-05-31 12590958 2023-05-31 12590958 2022-06-01 2023-05-31 12590958 frs-core:CurrentFinancialInstruments 2023-05-31 12590958 frs-core:ShareCapital 2023-05-31 12590958 frs-core:RetainedEarningsAccumulatedLosses 2023-05-31
Registered number: 12590958
E&G Future Limited
Unaudited Financial Statements
For The Year Ended 31 May 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 12590958
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 140 187
140 187
CURRENT ASSETS
Debtors 5 533 1,520
Cash at bank and in hand 1,690 3,721
2,223 5,241
Creditors: Amounts Falling Due Within One Year 6 (7,859 ) (1,840 )
NET CURRENT ASSETS (LIABILITIES) (5,636 ) 3,401
TOTAL ASSETS LESS CURRENT LIABILITIES (5,496 ) 3,588
PROVISIONS FOR LIABILITIES
Deferred Taxation 7 (27 ) -
NET (LIABILITIES)/ASSETS (5,523 ) 3,588
CAPITAL AND RESERVES
Called up share capital 8 1 1
Profit and Loss Account (5,524 ) 3,587
SHAREHOLDERS' FUNDS (5,523) 3,588
Page 1
Page 2
For the year ending 31 May 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
Ms E Holmeide
Director
20/09/2024
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
E&G Future Limited is a private company, limited by shares, incorporated in England & Wales, registered number 12590958 . The registered office is 7 Bell Yard, London, England, WC2A 2JR.
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 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.
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 25% reducing balance
2.4. Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2023: 1)
1 1
4. Tangible Assets
Plant & Machinery
£
Cost
As at 1 June 2023 332
As at 31 May 2024 332
Depreciation
As at 1 June 2023 145
Provided during the period 47
As at 31 May 2024 192
Net Book Value
As at 31 May 2024 140
As at 1 June 2023 187
Page 3
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5. Debtors
2024 2023
£ £
Due within one year
Trade debtors - 122
Other debtors 533 1,398
533 1,520
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Other creditors 7,859 1,307
Taxation and social security - 533
7,859 1,840
7. Deferred Taxation
The provision for deferred tax is made up as follows:
2024 2023
£ £
Accelerated capital allowances 27 -
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1 1
Page 4