Acorah Software Products - Accounts Production 15.0.600 false true 31 December 2022 1 January 2022 false 1 January 2023 31 December 2023 31 December 2023 12452123 Mr Bruce Evershed Mr Glyn Evershed Mr Nicholas Siderfin iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 12452123 2022-12-31 12452123 2023-12-31 12452123 2023-01-01 2023-12-31 12452123 frs-core:CurrentFinancialInstruments 2023-12-31 12452123 frs-core:ComputerEquipment 2023-12-31 12452123 frs-core:ComputerEquipment 2023-01-01 2023-12-31 12452123 frs-core:ComputerEquipment 2022-12-31 12452123 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-01-01 2023-12-31 12452123 frs-core:FurnitureFittings 2023-12-31 12452123 frs-core:FurnitureFittings 2023-01-01 2023-12-31 12452123 frs-core:FurnitureFittings 2022-12-31 12452123 frs-core:NetGoodwill 2023-12-31 12452123 frs-core:NetGoodwill 2023-01-01 2023-12-31 12452123 frs-core:NetGoodwill 2022-12-31 12452123 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-12-31 12452123 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-01-01 2023-12-31 12452123 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2022-12-31 12452123 frs-core:MotorVehicles 2023-12-31 12452123 frs-core:MotorVehicles 2023-01-01 2023-12-31 12452123 frs-core:MotorVehicles 2022-12-31 12452123 frs-core:OtherResidualIntangibleAssets 2023-12-31 12452123 frs-core:OtherResidualIntangibleAssets 2023-01-01 2023-12-31 12452123 frs-core:OtherResidualIntangibleAssets 2022-12-31 12452123 frs-core:ShareCapital 2023-12-31 12452123 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 12452123 frs-bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 12452123 frs-bus:FilletedAccounts 2023-01-01 2023-12-31 12452123 frs-bus:SmallEntities 2023-01-01 2023-12-31 12452123 frs-bus:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 12452123 frs-bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 12452123 frs-core:UnlistedNon-exchangeTraded 2023-12-31 12452123 frs-core:UnlistedNon-exchangeTraded 2022-12-31 12452123 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2022-12-31 12452123 frs-core:AdditionsToInvestments frs-core:UnlistedNon-exchangeTraded 2023-12-31 12452123 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2023-12-31 12452123 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2022-12-31 12452123 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2023-12-31 12452123 frs-bus:Director1 2023-01-01 2023-12-31 12452123 frs-bus:Director2 2023-01-01 2023-12-31 12452123 frs-bus:Director3 2023-01-01 2023-12-31 12452123 frs-core:CurrentFinancialInstruments 1 2023-12-31 12452123 frs-countries:EnglandWales 2023-01-01 2023-12-31 12452123 2021-12-31 12452123 2022-12-31 12452123 2022-01-01 2022-12-31 12452123 frs-core:CurrentFinancialInstruments 2022-12-31 12452123 frs-core:ShareCapital 2022-12-31 12452123 frs-core:RetainedEarningsAccumulatedLosses 2022-12-31 12452123 frs-core:CurrentFinancialInstruments 1 2022-12-31
Registered number: 12452123
Envoplan Limited
Unaudited Financial Statements
For The Year Ended 31 December 2023
Montacs
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 12452123
2023 2022
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 502,452 582,459
Tangible Assets 5 65,900 64,933
Investments 6 707,178 -
1,275,530 647,392
CURRENT ASSETS
Debtors 8 2,045,870 1,562,478
Cash at bank and in hand 388,013 663,774
2,433,883 2,226,252
Creditors: Amounts Falling Due Within One Year 9 (2,219,337 ) (1,538,096 )
NET CURRENT ASSETS (LIABILITIES) 214,546 688,156
TOTAL ASSETS LESS CURRENT LIABILITIES 1,490,076 1,335,548
NET ASSETS 1,490,076 1,335,548
CAPITAL AND RESERVES
Called up share capital 10 300,370 300,370
Profit and Loss Account 1,189,706 1,035,178
SHAREHOLDERS' FUNDS 1,490,076 1,335,548
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Page 2
For the year ending 31 December 2023 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 Glyn Evershed
Director
30/09/2024
The notes on pages 3 to 6 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Envoplan Limited is a private company, limited by shares, incorporated in England & Wales, registered number 12452123 . The registered office is Noble House Eaton Road, Hemel Hempstead, Hertfordshire, HP2 7UB.
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. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of 10 years.
2.4. Intangible Fixed Assets and Amortisation - Other Intangible
Other intangible assets are amortised to profit and loss account over its estimated economic life of 5 years.
2.5. 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 25% Reducing Balance
Motor Vehicles 25% Reducing Balance
Fixtures & Fittings 25% Reducing Balance
Computer Equipment 33% Straight Line
2.6. 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.
2.7. 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.
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2.8. 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 14 (2022: 14)
14 14
4. Intangible Assets
Goodwill Other Total
£ £ £
Cost
As at 1 January 2023 768,083 15,955 784,038
As at 31 December 2023 768,083 15,955 784,038
Amortisation
As at 1 January 2023 198,421 3,158 201,579
Provided during the period 76,808 3,199 80,007
As at 31 December 2023 275,229 6,357 281,586
Net Book Value
As at 31 December 2023 492,854 9,598 502,452
As at 1 January 2023 569,662 12,797 582,459
5. Tangible Assets
Land & Property
Leasehold Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 January 2023 56,474 10,238 34,459 13,689 114,860
Additions - - 11,715 9,531 21,246
As at 31 December 2023 56,474 10,238 46,174 23,220 136,106
...CONTINUED
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Page 5
Depreciation
As at 1 January 2023 24,000 4,599 16,297 5,031 49,927
Provided during the period 8,119 1,410 4,594 6,156 20,279
As at 31 December 2023 32,119 6,009 20,891 11,187 70,206
Net Book Value
As at 31 December 2023 24,355 4,229 25,283 12,033 65,900
As at 1 January 2023 32,474 5,639 18,162 8,658 64,933
6. Investments
Unlisted
£
Cost
As at 1 January 2023 -
Additions 707,178
As at 31 December 2023 707,178
Provision
As at 1 January 2023 -
As at 31 December 2023 -
Net Book Value
As at 31 December 2023 707,178
As at 1 January 2023 -
7. Stocks
2023 2022
£ £
8. Debtors
2023 2022
£ £
Due within one year
Trade debtors 720,226 393,033
Prepayments and accrued income 610,696 224,339
Other debtors 452,342 273,169
Other debtors (1) 24,736 371,567
Amounts owed by group undertakings 237,870 300,370
2,045,870 1,562,478
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9. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 175,368 149,927
Corporation tax 141,663 109,957
Other taxes and social security 63,727 47,294
VAT 45,053 75,495
Other creditors (1) 760,726 525,000
Accruals and deferred income 1,032,800 630,423
2,219,337 1,538,096
10. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 300,370 300,370
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