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 10196491 Mr Richard Wilson iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 10196491 2023-05-31 10196491 2024-05-31 10196491 2023-06-01 2024-05-31 10196491 frs-core:CurrentFinancialInstruments 2024-05-31 10196491 frs-core:Non-currentFinancialInstruments 2024-05-31 10196491 frs-core:BetweenOneFiveYears 2024-05-31 10196491 frs-core:ComputerEquipment 2024-05-31 10196491 frs-core:ComputerEquipment 2023-06-01 2024-05-31 10196491 frs-core:ComputerEquipment 2023-05-31 10196491 frs-core:FurnitureFittings 2024-05-31 10196491 frs-core:FurnitureFittings 2023-06-01 2024-05-31 10196491 frs-core:FurnitureFittings 2023-05-31 10196491 frs-core:MotorVehicles 2024-05-31 10196491 frs-core:MotorVehicles 2023-06-01 2024-05-31 10196491 frs-core:MotorVehicles 2023-05-31 10196491 frs-core:WithinOneYear 2024-05-31 10196491 frs-core:ShareCapital 2024-05-31 10196491 frs-core:RetainedEarningsAccumulatedLosses 2024-05-31 10196491 frs-bus:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 10196491 frs-bus:FilletedAccounts 2023-06-01 2024-05-31 10196491 frs-bus:SmallEntities 2023-06-01 2024-05-31 10196491 frs-bus:AuditExemptWithAccountantsReport 2023-06-01 2024-05-31 10196491 frs-bus:SmallCompaniesRegimeForAccounts 2023-06-01 2024-05-31 10196491 frs-bus:OrdinaryShareClass2 2023-06-01 2024-05-31 10196491 frs-bus:OrdinaryShareClass2 2024-05-31 10196491 frs-bus:OrdinaryShareClass3 2023-06-01 2024-05-31 10196491 frs-bus:OrdinaryShareClass3 2024-05-31 10196491 frs-core:DeferredTaxation 2023-06-01 2024-05-31 10196491 frs-core:DeferredTaxation 2023-05-31 10196491 frs-core:DeferredTaxation 2024-05-31 10196491 frs-bus:Director1 2023-06-01 2024-05-31 10196491 frs-core:CurrentFinancialInstruments 1 2024-05-31 10196491 frs-countries:EnglandWales 2023-06-01 2024-05-31 10196491 2022-05-31 10196491 2023-05-31 10196491 2022-06-01 2023-05-31 10196491 frs-core:CurrentFinancialInstruments 2023-05-31 10196491 frs-core:Non-currentFinancialInstruments 2023-05-31 10196491 frs-core:BetweenOneFiveYears 2023-05-31 10196491 frs-core:WithinOneYear 2023-05-31 10196491 frs-core:ShareCapital 2023-05-31 10196491 frs-core:RetainedEarningsAccumulatedLosses 2023-05-31 10196491 frs-bus:OrdinaryShareClass2 2022-06-01 2023-05-31 10196491 frs-bus:OrdinaryShareClass3 2022-06-01 2023-05-31 10196491 frs-core:CurrentFinancialInstruments 1 2023-05-31
Registered number: 10196491
ERP Experts (Europe) Limited
Unaudited Financial Statements
For The Year Ended 31 May 2024
Ascendis Group
Chartered Certified Accountants, Taxation and Business Advisors
Unit 3, Building 2, The Colony Wilmslow
Altrincham Road
Wilmslow
Cheshire
SK9 4LY
Contents
Page
Accountant's Report 1
Balance Sheet 2—3
Notes to the Financial Statements 4—6
Page 1
Accountant's Report
Report to the director on the preparation of the unaudited statutory accounts of ERP Experts (Europe) Limited For The Year Ended 31 May 2024
To assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of ERP Experts (Europe) Limited which comprise the Profit and Loss Account, the Balance Sheet and the related notes, from the company’s accounting records and from information and explanations you have given us.
As a practising member of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/en/member/professional-standards/rules-standards/acca-rulebook.html.
This report is made to the director of ERP Experts (Europe) Limited , as a body, in accordance with the terms of our engagement letter dated 20/01/2023. Our work has been undertaken solely to prepare for your approval the accounts of ERP Experts (Europe) Limited and state those matters that we have agreed to state to the director of ERP Experts (Europe) Limited , as a body, in this report in accordance with the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than ERP Experts (Europe) Limited and its director as a body for our work or for this report.
It is your duty to ensure that ERP Experts (Europe) Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit or loss of ERP Experts (Europe) Limited . You consider that ERP Experts (Europe) Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of ERP Experts (Europe) Limited . For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the financial statements.
Signed
10th October 2024
Ascendis Group
Chartered Certified Accountants, Taxation and Business Advisors
Unit 3, Building 2, The Colony Wilmslow
Altrincham Road
Wilmslow
Cheshire
SK9 4LY
Page 1
Page 2
Balance Sheet
Registered number: 10196491
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 83,159 97,020
83,159 97,020
CURRENT ASSETS
Debtors 5 491,808 833,270
Cash at bank and in hand 4,802 4,790
496,610 838,060
Creditors: Amounts Falling Due Within One Year 6 (540,153 ) (578,137 )
NET CURRENT ASSETS (LIABILITIES) (43,543 ) 259,923
TOTAL ASSETS LESS CURRENT LIABILITIES 39,616 356,943
Creditors: Amounts Falling Due After More Than One Year 7 (16,025 ) (51,025 )
PROVISIONS FOR LIABILITIES
Deferred Taxation 9 (20,790 ) (24,457 )
NET ASSETS 2,801 281,461
CAPITAL AND RESERVES
Called up share capital 11 110 110
Profit and Loss Account 2,691 281,351
SHAREHOLDERS' FUNDS 2,801 281,461
Page 2
Page 3
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 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 Richard Wilson
Director
10th October 2024
The notes on pages 4 to 6 form part of these financial statements.
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Page 4
Notes to the Financial Statements
1. General Information
ERP Experts (Europe) Limited is a private company, limited by shares, incorporated in England & Wales, registered number 10196491 . The registered office is Unit 3, Building 2, The Colony Wilmslow, Altrincham Road, Wilmslow, Cheshire, SK9 4LY.

The principal place of business is Pepper House, Hub 1, Pepper Road, Stockport, SK7 5DP.
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.
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:
Motor Vehicles 25% Reducing balance method
Fixtures & Fittings 25% Reducing balance method
Computer Equipment 25% Straight line method
2.4. Leasing and Hire Purchase Contracts
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the
lease.
2.5. 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.
2.6. 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 year 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 asset reflects 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.
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Page 5
2.7. Pensions
The company operates a defined contribution pension scheme. Contributions payable to the company's pension
scheme are charged to profit or loss in the period to which they relate.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 20 (2023: 18)
20 18
4. Tangible Assets
Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 June 2023 120,000 11,606 48,317 179,923
Additions - 1,190 15,573 16,763
As at 31 May 2024 120,000 12,796 63,890 196,686
Depreciation
As at 1 June 2023 52,500 1,092 29,311 82,903
Provided during the period 16,875 2,560 11,189 30,624
As at 31 May 2024 69,375 3,652 40,500 113,527
Net Book Value
As at 31 May 2024 50,625 9,144 23,390 83,159
As at 1 June 2023 67,500 10,514 19,006 97,020
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 211,011 223,715
Prepayments and accrued income 11,482 4,466
Corporation tax recoverable assets - 60,285
Amounts owed by group undertakings 269,315 544,804
491,808 833,270
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 27,939 27,939
Trade creditors 13,067 9,399
Bank loans and overdrafts 15,201 31,214
Corporation tax 40,698 -
Other taxes and social security 33,141 13,121
VAT 89,991 95,688
Other creditors 2,747 2,125
Bad debt provision 237,471 -
Accruals and deferred income 22,676 5,945
Director's loan account - 1,273
Amounts owed to group undertakings 57,222 391,433
540,153 578,137
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Page 6
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 6,025 31,025
Bank loans 10,000 20,000
16,025 51,025
8. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year 27,939 27,939
Later than one year and not later than five years 6,025 31,025
33,964 58,964
33,964 58,964
9. Deferred Taxation
The provision for deferred tax is made up as follows:
2024 2023
£ £
Other timing differences 20,790 24,457
10. Provisions for Liabilities
Deferred Tax Total
£ £
As at 1 June 2023 24,457 24,457
Utilised (3,667 ) (3,667)
Balance at 31 May 2024 20,790 20,790
11. Share Capital
2024 2023
Allotted, called up and fully paid £ £
100 Ordinary A shares of £ 1 each 100 100
10 Ordinary B shares of £ 1 each 10 10
110 110
Page 6