Acorah Software Products - Accounts Production 16.0.110 false true 31 January 2023 1 February 2022 false 1 February 2023 31 January 2024 31 January 2024 08867321 Mr Stuart Erskine Mr David Elliott iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 08867321 2023-01-31 08867321 2024-01-31 08867321 2023-02-01 2024-01-31 08867321 frs-core:CurrentFinancialInstruments 2024-01-31 08867321 frs-core:Non-currentFinancialInstruments 2024-01-31 08867321 frs-core:CopyrightsPatentsTrademarksServiceOperatingRights 2024-01-31 08867321 frs-core:CopyrightsPatentsTrademarksServiceOperatingRights 2023-01-31 08867321 frs-core:ShareCapital 2024-01-31 08867321 frs-core:RetainedEarningsAccumulatedLosses 2024-01-31 08867321 frs-bus:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 08867321 frs-bus:FilletedAccounts 2023-02-01 2024-01-31 08867321 frs-bus:SmallEntities 2023-02-01 2024-01-31 08867321 frs-bus:AuditExempt-NoAccountantsReport 2023-02-01 2024-01-31 08867321 frs-bus:SmallCompaniesRegimeForAccounts 2023-02-01 2024-01-31 08867321 frs-bus:Director1 2023-02-01 2024-01-31 08867321 frs-bus:Director1 2023-01-31 08867321 frs-bus:Director1 2024-01-31 08867321 frs-bus:Director2 2023-02-01 2024-01-31 08867321 frs-bus:Director2 2023-01-31 08867321 frs-bus:Director2 2024-01-31 08867321 frs-countries:EnglandWales 2023-02-01 2024-01-31 08867321 2022-01-31 08867321 2023-01-31 08867321 2022-02-01 2023-01-31 08867321 frs-core:CurrentFinancialInstruments 2023-01-31 08867321 frs-core:Non-currentFinancialInstruments 2023-01-31 08867321 frs-core:ShareCapital 2023-01-31 08867321 frs-core:RetainedEarningsAccumulatedLosses 2023-01-31
Registered number: 08867321
E2 Associates Limited
Unaudited Financial Statements
For The Year Ended 31 January 2024
Graver & Co Ltd
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 08867321
2024 2023
Notes £ £ £ £
FIXED ASSETS
CURRENT ASSETS
Stocks 5 4,500 11,000
Debtors 6 34,612 24,248
Cash at bank and in hand 34,572 33,008
73,684 68,256
Creditors: Amounts Falling Due Within One Year 7 (12,698 ) (9,665 )
NET CURRENT ASSETS (LIABILITIES) 60,986 58,591
TOTAL ASSETS LESS CURRENT LIABILITIES 60,986 58,591
Creditors: Amounts Falling Due After More Than One Year 8 - (5,805 )
NET ASSETS 60,986 52,786
CAPITAL AND RESERVES
Called up share capital 9 22 22
Profit and Loss Account 60,964 52,764
SHAREHOLDERS' FUNDS 60,986 52,786
Page 1
Page 2
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 Stuart Erskine
Director
Mr David Elliott
Director
30th August 2024
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
E2 Associates Limited Registered number 08867321 is a limited by shares company incorporated in England & Wales. The Registered Office is 2 Station Road, Brundall, Norfolk, N13 5LA.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
2.2. Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts. All income is derived from activities within the UK.
2.3. 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.
2.4. Taxation
The charge for taxation takes into account taxation deferred as a result of timing differences between the treatment of certain items for taxation and accounting purposes. In general, deferred taxation is recognised in respect of timing differences that have originated but not reversed at the balance sheet date. However, deferred tax assets are recognised only to the extent that the directors consider that it is more likely than not that there will be suitable taxable profits from which the future reversal of the underlying timing differences can be deducted. Deferred taxation is measured on a non-discounted basis at the tax rates that are expected to apply in periods in which the timing differences reverse, based on tax rates and the law enacted or substantively enacted at the balance sheet date.
2.5. Registrar Filing Requirements
The company has taken advantage of Companies Act 2006 section 444(1) and opted not to file the profit and loss account, directors report, and notes to the financial statements relating to the profit and loss account.
3. Average Number of Employees
Average number of employees, including directors, during the year was:
2024 2023
Office and administration 2 2
2 2
Page 3
Page 4
4. Intangible Assets
Intellectual Property
£
Cost
As at 1 February 2023 9,000
As at 31 January 2024 9,000
Amortisation
As at 1 February 2023 9,000
As at 31 January 2024 9,000
Net Book Value
As at 31 January 2024 -
As at 1 February 2023 -
5. Stocks
2024 2023
£ £
Work in progress 4,500 11,000
6. Debtors
2024 2023
£ £
Due within one year
Prepayments and accrued income 1,186 1,090
Due after more than one year
Directors loan account 33,426 23,158
34,612 24,248
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Corporation tax 7,521 5,240
VAT 5,177 4,425
12,698 9,665
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Directors loan account - 5,805
Page 4
Page 5
10. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 February 2023 Amounts advanced Amounts repaid Amounts written off As at 31 January 2024
£ £ £ £ £
Mr Stuart Erskine 5,805 26,013 11,700 - 8,508
Mr David Elliott 23,159 37,850 36,090 - 24,919
The above loan is unsecured, interest free and repayable on demand.
Dividends paid to directors
2024 2023
£ £
Mr Stuart Erskine - 2,000
Mr David Elliott 24,000 52,000
Page 5