Acorah Software Products - Accounts Production 15.0.600 false true 31 January 2023 1 February 2022 false 1 February 2023 31 January 2024 31 January 2024 06242096 Mr R K Humphris Mrs A Humphris iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 06242096 2023-01-31 06242096 2024-01-31 06242096 2023-02-01 2024-01-31 06242096 frs-core:CurrentFinancialInstruments 2024-01-31 06242096 frs-core:Non-currentFinancialInstruments 2024-01-31 06242096 frs-core:ComputerEquipment 2024-01-31 06242096 frs-core:ComputerEquipment 2023-02-01 2024-01-31 06242096 frs-core:ComputerEquipment 2023-01-31 06242096 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-02-01 2024-01-31 06242096 frs-core:NetGoodwill 2024-01-31 06242096 frs-core:NetGoodwill 2023-02-01 2024-01-31 06242096 frs-core:NetGoodwill 2023-01-31 06242096 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-01-31 06242096 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-02-01 2024-01-31 06242096 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-01-31 06242096 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-01-31 06242096 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-02-01 2024-01-31 06242096 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-01-31 06242096 frs-core:MotorVehicles 2024-01-31 06242096 frs-core:MotorVehicles 2023-02-01 2024-01-31 06242096 frs-core:MotorVehicles 2023-01-31 06242096 frs-core:OtherResidualIntangibleAssets 2024-01-31 06242096 frs-core:OtherResidualIntangibleAssets 2023-02-01 2024-01-31 06242096 frs-core:OtherResidualIntangibleAssets 2023-01-31 06242096 frs-core:PlantMachinery 2024-01-31 06242096 frs-core:PlantMachinery 2023-02-01 2024-01-31 06242096 frs-core:PlantMachinery 2023-01-31 06242096 frs-core:RevaluationReserve 2023-02-01 2024-01-31 06242096 frs-core:RevaluationReserve 2024-01-31 06242096 frs-core:ShareCapital 2024-01-31 06242096 frs-core:RetainedEarningsAccumulatedLosses 2024-01-31 06242096 frs-bus:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 06242096 frs-bus:FilletedAccounts 2023-02-01 2024-01-31 06242096 frs-bus:SmallEntities 2023-02-01 2024-01-31 06242096 frs-bus:AuditExempt-NoAccountantsReport 2023-02-01 2024-01-31 06242096 frs-bus:SmallCompaniesRegimeForAccounts 2023-02-01 2024-01-31 06242096 frs-bus:Director1 2023-02-01 2024-01-31 06242096 frs-bus:Director2 2023-02-01 2024-01-31 06242096 frs-countries:EnglandWales 2023-02-01 2024-01-31 06242096 2022-01-31 06242096 2023-01-31 06242096 2022-02-01 2023-01-31 06242096 frs-core:CurrentFinancialInstruments 2023-01-31 06242096 frs-core:Non-currentFinancialInstruments 2023-01-31 06242096 frs-core:RevaluationReserve 2023-01-31 06242096 frs-core:ShareCapital 2023-01-31 06242096 frs-core:RetainedEarningsAccumulatedLosses 2023-01-31
Registered number: 06242096
Eastern Doors Ltd
Unaudited Financial Statements
For The Year Ended 31 January 2024
Steve Pye & Co.
Chartered Certified Accountants
3 North Lynn Bus. Village
Bergen Way, North Lynn Industrial Estate
King's Lynn
Norfolk
PE30 2JG
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 06242096
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 64,002 11,000
Tangible Assets 5 796,610 850,752
860,612 861,752
CURRENT ASSETS
Stocks 261,826 259,878
Debtors 6 195,542 196,963
Cash at bank and in hand 21,558 41,187
478,926 498,028
Creditors: Amounts Falling Due Within One Year 7 (830,378 ) (788,815 )
NET CURRENT ASSETS (LIABILITIES) (351,452 ) (290,787 )
TOTAL ASSETS LESS CURRENT LIABILITIES 509,160 570,965
Creditors: Amounts Falling Due After More Than One Year 8 (306,226 ) (354,812 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (65,303 ) (58,477 )
NET ASSETS 137,631 157,676
CAPITAL AND RESERVES
Called up share capital 100 100
Revaluation reserve 9 3,420 -
Profit and Loss Account 134,111 157,576
SHAREHOLDERS' FUNDS 137,631 157,676
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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 R K Humphris
Director
31 October 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
Eastern Doors Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 06242096 . The registered office is 44 Anchor Road, Terrington St Clement, King's Lynn, Norfolk, PE34 4HL.  The presentation currency of the financial statements is the Pound Sterling (£).
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. Significant judgements and estimations
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 apparent from other
sources. The estimates and underlying assumptions are based on historical experience and other factors that
are considered relevant. Actual results may differ from these estimates. The estimates and underlying
assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period
to which the estimate is revised if the revision affects only that period or in the period of the revision and future
periods if the revision affects both current and future periods. The key sources of estimation uncertainty that
have a significant effect on the amounts recognised in the financial statements are the depreciation charges that
are calculated with reference to the useful economic life of fixed assets.
2.3. Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,
value added tax and other sales taxes.
2.4. 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 the profit and loss account over its estimated economic life of 20 years.
2.5. Intangible Fixed Assets and Amortisation - Other Intangible
Other intangible assets are software. It is amortised to the profit and loss account over its estimated economic life of 3-5 years.
2.6. Tangible Fixed Assets and Depreciation
The following 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:
Freehold 0%
Property Improvements 0%
Plant & Machinery Revaluation model
Motor Vehicles 20% on reducing balance
Website 20% on cost
2.7. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
2.8. 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.
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2.9. Financial Instruments
The company enters into basic financial instruments that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third parties and loans to related parties.
a) Trade and other debtors
Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method, less impairment losses for bad and doubtful debts except where the effect of discounting would be immaterial. In such cases, the receivables are stated at cost less impairment losses for bad and doubtful debts.
b) Cash and cash equivalents
Cash and cash equivalents comprise cash at bank and in hand.
c) Impairment of financial assets
Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in profit or loss.
For financial assets measured at amortised cost, the impairment loss is measured as the difference between an asset's carrying amount and the present value of estimated cash flows discounted at the asset's original effective interest rate. If a financial asset has a variable interest rate, the discount rate for measuring any impairment loss is the current effective interest rate determined under the contract.
For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and the best estimate, which is an approximation, of the amount that the company would receive for the asset if it were to be sold at the reporting date.
d) Trade and other creditors
Debt instruments like loans and other accounts payable are initially measured at present value of the future payments and subsequently at amortised cost using the effective interest method. Debt instruments that are payable within one year, typically trade payables, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid. However, if the arrangements of a short-term instrument constitute a financing transaction, like the payment of a trade debt deferred beyond normal business terms or financed at a rate of interest that is not a market rate or in case of an outright short-term loan not at market rate, the financial asset is measured, initially and subsequently, at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
Financial assets and liabilities are offset and the net amount reported in the statement of financial position when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
2.10. 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 years 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.
2.11. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 20 (2023: 22)
20 22
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4. Intangible Assets
Goodwill Software Total
£ £ £
Cost
As at 1 February 2023 20,000 - 20,000
Additions - 71,427 71,427
As at 31 January 2024 20,000 71,427 91,427
Amortisation
As at 1 February 2023 9,000 - 9,000
Provided during the period 1,000 17,425 18,425
As at 31 January 2024 10,000 17,425 27,425
Net Book Value
As at 31 January 2024 10,000 54,002 64,002
As at 1 February 2023 11,000 - 11,000
5. Tangible Assets
Land & Property
Freehold Property Improvements Plant & Machinery Motor Vehicles
£ £ £ £
Cost or Valuation
As at 1 February 2023 336,220 153,065 110,446 540,573
Additions - 1,590 10,407 111,301
Disposals - - (26,993 ) (236,504 )
Revaluation - - 3,420 -
As at 31 January 2024 336,220 154,655 97,280 415,370
Depreciation
As at 1 February 2023 - - 58,567 239,438
Provided during the period - - - 60,340
Disposals - - (20,384 ) (125,768 )
As at 31 January 2024 - - 38,183 174,010
Net Book Value
As at 31 January 2024 336,220 154,655 59,097 241,360
As at 1 February 2023 336,220 153,065 51,879 301,135
Website Total
£ £
Cost or Valuation
As at 1 February 2023 36,175 1,176,479
Additions - 123,298
Disposals (20,300 ) (283,797 )
Revaluation - 3,420
As at 31 January 2024 15,875 1,019,400
Depreciation
As at 1 February 2023 27,722 325,727
...CONTINUED
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Provided during the period 3,175 63,515
Disposals (20,300 ) (166,452 )
As at 31 January 2024 10,597 222,790
Net Book Value
As at 31 January 2024 5,278 796,610
As at 1 February 2023 8,453 850,752
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 77,214 124,915
Amounts owed by participating interests 54,704 38,910
Other debtors 63,624 33,138
195,542 196,963
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 51,146 58,463
Trade creditors 336,276 271,625
Bank loans and overdrafts 179,183 70,052
Other creditors 138,077 189,831
Taxation and social security 125,696 198,844
830,378 788,815
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 144,570 143,700
Bank loans 161,656 211,112
306,226 354,812
9. Reserves
Revaluation Reserve
£
Surplus on revaluation 3,420
As at 31 January 2024 3,420
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