Acorah Software Products - Accounts Production 15.0.400 false true 31 January 2023 1 February 2022 false 1 February 2023 31 January 2024 31 January 2024 08357758 Mr Vaibhav Singh Mr Venkata Ganapathiraju Mr. Vaibhav Raj Singh false iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 08357758 2023-01-31 08357758 2024-01-31 08357758 2023-02-01 2024-01-31 08357758 frs-core:CurrentFinancialInstruments 2024-01-31 08357758 frs-core:Non-currentFinancialInstruments 2024-01-31 08357758 frs-core:ComputerEquipment 2024-01-31 08357758 frs-core:ComputerEquipment 2023-02-01 2024-01-31 08357758 frs-core:ComputerEquipment 2023-01-31 08357758 frs-core:FurnitureFittings 2024-01-31 08357758 frs-core:FurnitureFittings 2023-02-01 2024-01-31 08357758 frs-core:FurnitureFittings 2023-01-31 08357758 frs-core:ShareCapital 2024-01-31 08357758 frs-core:RetainedEarningsAccumulatedLosses 2024-01-31 08357758 frs-bus:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 08357758 frs-bus:FilletedAccounts 2023-02-01 2024-01-31 08357758 frs-bus:SmallEntities 2023-02-01 2024-01-31 08357758 frs-bus:AuditExempt-NoAccountantsReport 2023-02-01 2024-01-31 08357758 frs-bus:SmallCompaniesRegimeForAccounts 2023-02-01 2024-01-31 08357758 1 2023-02-01 2024-01-31 08357758 frs-bus:Director1 2023-02-01 2024-01-31 08357758 frs-bus:Director1 2023-01-31 08357758 frs-bus:Director1 2024-01-31 08357758 frs-bus:Director2 2023-02-01 2024-01-31 08357758 frs-bus:Director2 2023-01-31 08357758 frs-bus:Director2 2024-01-31 08357758 frs-countries:EnglandWales 2023-02-01 2024-01-31 08357758 2022-01-31 08357758 2023-01-31 08357758 2022-02-01 2023-01-31 08357758 frs-core:CurrentFinancialInstruments 2023-01-31 08357758 frs-core:Non-currentFinancialInstruments 2023-01-31 08357758 frs-core:ShareCapital 2023-01-31 08357758 frs-core:RetainedEarningsAccumulatedLosses 2023-01-31
Registered number: 08357758
Etane Limited
Financial Statements
For The Year Ended 31 January 2024
Imran Watson Chartered Certified Accountants
FCCA
Listerhills Science Park
18 Campus Road
Bradford
West Yorkshire
BD7 1HR
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 08357758
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 1,568 2,091
1,568 2,091
CURRENT ASSETS
Cash at bank and in hand 284 67
284 67
Creditors: Amounts Falling Due Within One Year 5 (69,319 ) (10,236 )
NET CURRENT ASSETS (LIABILITIES) (69,035 ) (10,169 )
TOTAL ASSETS LESS CURRENT LIABILITIES (67,467 ) (8,078 )
Creditors: Amounts Falling Due After More Than One Year 6 (9,457 ) (64,523 )
NET LIABILITIES (76,924 ) (72,601 )
CAPITAL AND RESERVES
Called up share capital 7 1,000 1,000
Profit and Loss Account (77,924 ) (73,601 )
SHAREHOLDERS' FUNDS (76,924) (72,601)
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 Vaibhav Singh
Director
23/10/2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Etane Limited is a private company, limited by shares, incorporated in England & Wales, registered number 08357758 . The registered office is Office No 10. - Trade Force Building, Cornwall Place, Bradford, West Yorkshire, BD8 7JT.
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 comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at cost less depreciation. 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 25% on reducing balance method
Computer Equipment 25% on reducing balance method
2.4. Government Grant
Government grants are recognised in the profit and loss account in an appropriate manner that matches them with the expenditure towards which they are intended to contribute.
Grants for immediate financial support or to cover costs already incurred are recognised immediately in the profit and loss account. Grants towards general activities of the entity over a specific period are recognised in the profit and loss account over that period.
Grants towards fixed assets are recognised over the expected useful lives of the related assets and are treated as deferred income and released to the profit and loss account over the useful life of the asset concerned.
All grants in the profit and loss account are recognised when all conditions for receipt have been complied with.
3. Average Number of Employees
Average number of employees, including directors, during the year was:
2024 2023
Office and administration 2 2
Sales, marketing and distribution 1 1
3 3
4. Tangible Assets
Fixtures & Fittings Computer Equipment Total
£ £ £
Cost
As at 1 February 2023 2,990 19,435 22,425
As at 31 January 2024 2,990 19,435 22,425
Depreciation
As at 1 February 2023 2,799 17,535 20,334
Provided during the period 48 475 523
As at 31 January 2024 2,847 18,010 20,857
...CONTINUED
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Net Book Value
As at 31 January 2024 143 1,425 1,568
As at 1 February 2023 191 1,900 2,091
5. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 8,032 7,072
Other taxes and social security 3,607 3,116
VAT 48 48
Directors' loan accounts 57,632 -
69,319 10,236
6. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 9,457 9,929
Directors loan account - 54,594
9,457 64,523
7. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1,000 1,000
8. Directors Advances, Credits and Guarantees
Included within Creditors are the following loans by directors:
As at 1 February 2023 Amounts advanced Amounts repaid Amounts written off As at 31 January 2024
£ £ £ £ £
Mr Vaibhav Singh 35,057 8,488 5,450 38,095 -
Mr Venkata Ganapathiraju 19,537 - - 19,537 -
The above loan is unsecured, interest free and subordinated in favour of third party creditors of the Company, Etane Limited. The loan is repayable after 10 years. 
9. Controlling Party
The company's controlling party is Mr. Vaibhav Raj Singh by virtue of his ownership of 50% of the issued share capital in the company.
Page 4