Acorah Software Products - Accounts Production 15.0.600 false true false 21 July 2023 31 July 2024 31 July 2024 15018220 Mr Mital Patel Mrs Michelle Julie Patel Mr DilipKumar Patel iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 15018220 2023-07-20 15018220 2024-07-31 15018220 2023-07-21 2024-07-31 15018220 frs-core:CurrentFinancialInstruments 2024-07-31 15018220 frs-core:ShareCapital 2024-07-31 15018220 frs-core:RetainedEarningsAccumulatedLosses 2024-07-31 15018220 frs-bus:PrivateLimitedCompanyLtd 2023-07-21 2024-07-31 15018220 frs-bus:FilletedAccounts 2023-07-21 2024-07-31 15018220 frs-bus:SmallEntities 2023-07-21 2024-07-31 15018220 frs-bus:AuditExempt-NoAccountantsReport 2023-07-21 2024-07-31 15018220 frs-bus:SmallCompaniesRegimeForAccounts 2023-07-21 2024-07-31 15018220 frs-bus:Director1 2023-07-21 2024-07-31 15018220 frs-bus:Director2 2023-07-21 2024-07-31 15018220 frs-bus:Director3 2023-07-21 2024-07-31 15018220 frs-countries:EnglandWales 2023-07-21 2024-07-31
Registered number: 15018220
Epoch Consultants Ltd
Unaudited Financial Statements
For the Period 21 July 2023 to 31 July 2024
Strategic Partnership
Contents
Page
Statement of Financial Position 1
Notes to the Financial Statements 2—3
Page 1
Statement of Financial Position
Registered number: 15018220
31 July 2024
Notes £ £
CURRENT ASSETS
Debtors 4 32,500
Cash at bank and in hand 399,255
431,755
Creditors: Amounts Falling Due Within One Year 5 (188,632 )
NET CURRENT ASSETS (LIABILITIES) 243,123
TOTAL ASSETS LESS CURRENT LIABILITIES 243,123
NET ASSETS 243,123
CAPITAL AND RESERVES
Called up share capital 6 100
Income Statement 243,023
SHAREHOLDERS' FUNDS 243,123
For the period ending 31 July 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 Income Statement.
On behalf of the board
Mr Mital Patel
Director
28 October 2024
The notes on pages 2 to 3 form part of these financial statements.
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Page 2
Notes to the Financial Statements
1. General Information
Epoch Consultants Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 15018220 . The registered office is 17 Anderson Road, Shenley, Radlett, Hertfordshire, WD7 9EQ.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
These financial statements are prepared in accordance with the FRS 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 have been prepared under the historical cost convention.
These financial statements for the period ended 31 July 2024 are the first financial statements of Epoch Consultants Ltd prepared in accordance with FRS 102 (Section 1A), The Financial Reporting Standard applicable in the UK and Republic of Ireland. The date of adoption to FRS 102 (Section 1A) was 21 July 2023.
The financial statements are prepared in UK sterling, which is the financial currency of the entity. Monetary amounts in these financial statements are rounded to the nearest UK pound.
The principle accounting policies adopted are set below.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
2.3. Taxation
Taxation for the year comprises current. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.
Current or deferred taxation assets and liabilities are not discounted.
Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.
2.4. Cash and Cash Equivalents
Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
2.5. Critical Accounting Judgements and Key Sources of Estimation Uncertainty
In the application of the company's accounting policies management is required to make judgements, estimates and assumptions
about the carrying value of assets and liabilities that are not readily ascertainable from other sources. The estimates and underlying assumptions are based on historical experience and other factors that are considered to be relevant. Actual outcomes may differ from these estimates.
The estimates and underlying assumptions are reviewed on a continuing basis. Revisions to accounting estimates are recognised in the period in which the estimates are revised.
The key areas of estimation uncertainty that have a significant effect on the amounts recognised in the financial statements are
described below:
Accrued Expenditure
The company includes a provision for invoices which are yet to be received from and amounts paid in advance to suppliers.These provisions are estimated based upon the expected values of the invoices which are issued and services received following the period end.
3. Average Number of Employees
Average number of employees, including directors, during the period was: 3
3
4. Debtors
31 July 2024
£
Due within one year
Trade debtors 32,500
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Page 3
5. Creditors: Amounts Falling Due Within One Year
31 July 2024
£
Corporation tax 106,678
VAT 14,977
Accruals and deferred income 2,650
Directors' loan accounts 64,327
188,632
6. Share Capital
31 July 2024
£
Allotted, Called up and fully paid 100
During the period, the company issued 40 Ordinary Shares, 40 Ordinary A Shares, 10 Ordinary B Shares, and 10 Ordinary C Shares for the nominal value of £1 per share. As at 31 July 2024 there are 40 Ordinary Shares, 40 Ordinary A Shares, 10 Ordinary B Shares, and 10 Ordinary C Shares in issue.
7. Related Party Transactions
As at 31 July 2024, the Directors Loan Account balance of Mrs Michelle Patel is £38,476. This is a current liability, interest free and repayable on demand.
As at 31 July 2024, the Directors Loan Account balance of Mr Dilipkumar Patel is £25,851. This is a current liability, interest free and repayable on demand.
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