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Registered number: 12407626
Estqs Ltd
Unaudited Financial Statements
For The Year Ended 31 January 2024
Contents
Page
Company Information 1
Balance Sheet 2—3
Notes to the Financial Statements 4—6
Page 1
Company Information
Director Mr R Bonney
Company Number 12407626
Registered Office 71-75 Shelton Street
Covent Garden
London
Greater London
WC2H 9JQ
Accountants Smooth Accounting
Building 1000 Lakeside North Harbour Western Road
Portsmouth
PO6 3EN
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Balance Sheet
Registered number: 12407626
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 3,560 1,675
3,560 1,675
CURRENT ASSETS
Debtors 5 179,091 89,783
Cash at bank and in hand 1,646 5,501
180,737 95,284
Creditors: Amounts Falling Due Within One Year 6 (176,607 ) (93,316 )
NET CURRENT ASSETS (LIABILITIES) 4,130 1,968
TOTAL ASSETS LESS CURRENT LIABILITIES 7,690 3,643
PROVISIONS FOR LIABILITIES
Deferred Taxation (650 ) (318 )
NET ASSETS 7,040 3,325
CAPITAL AND RESERVES
Called up share capital 7 2 2
Profit and Loss Account 7,038 3,323
SHAREHOLDERS' FUNDS 7,040 3,325
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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 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 R Bonney
Director
30/10/2024
The notes on pages 4 to 6 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Estqs Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 12407626 . The registered office is 71-75 Shelton Street, Covent Garden, London, Greater London, WC2H 9JQ.
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:
Fixtures & Fittings 33% reducing balance
Computer Equipment 33% reducing balance
2.4. Leasing and Hire Purchase Contracts
The rent amount included within the accounts is attached to no specific commitment and is now paid on a rolling monthly basis.
2.5. Financial Instruments
Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.
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2.6. Taxation
The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

2.7. Share Capital
Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.
2.8. Dividends
Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2023: 2)
1 2
4. Tangible Assets
Plant & Machinery etc.
£
Cost
As at 1 February 2023 3,689
Additions 3,639
As at 31 January 2024 7,328
Depreciation
As at 1 February 2023 2,014
Provided during the period 1,754
As at 31 January 2024 3,768
Net Book Value
As at 31 January 2024 3,560
As at 1 February 2023 1,675
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 22,573 24,806
Other debtors 156,518 64,977
179,091 89,783
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6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 1,085 331
Other creditors 43,122 250
Taxation and social security 132,400 92,735
176,607 93,316
7. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 2 2
8. Capital Commitments
2024 2023
£ £
At the end of the period 2,559 -
At the end of the period, the company had capital commitments contracted for but not provided in these financial statements
9. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to the directors:
As at 1 February 2023 Amounts advanced Amounts repaid Amounts written off As at 31 January 2024
£ £ £ £ £
Mr Russell Bonney (29,579 ) (131,282 ) 50,677 - (110,184 )
The loan is unsecured and repayable on demand. Interest has been applied at a rate of 2.5%. 
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