Acorah Software Products - Accounts Production 16.0.110 false true 31 March 2023 1 April 2022 false 1 April 2023 31 March 2024 31 March 2024 06234670 Ms Cristy Cunnick Mr Alexander Weeks-Smyth Mr Christopher Welsh Mr James Wheatcroft Mr Ben Talbot iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 06234670 2023-03-31 06234670 2024-03-31 06234670 2023-04-01 2024-03-31 06234670 frs-core:CurrentFinancialInstruments 2024-03-31 06234670 frs-core:Non-currentFinancialInstruments 2024-03-31 06234670 frs-core:BetweenOneFiveYears 2024-03-31 06234670 frs-core:ComputerEquipment 2024-03-31 06234670 frs-core:ComputerEquipment 2023-04-01 2024-03-31 06234670 frs-core:ComputerEquipment 2023-03-31 06234670 frs-core:FurnitureFittings 2024-03-31 06234670 frs-core:FurnitureFittings 2023-04-01 2024-03-31 06234670 frs-core:FurnitureFittings 2023-03-31 06234670 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-03-31 06234670 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-04-01 2024-03-31 06234670 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-03-31 06234670 frs-core:MotorVehicles 2024-03-31 06234670 frs-core:MotorVehicles 2023-04-01 2024-03-31 06234670 frs-core:MotorVehicles 2023-03-31 06234670 frs-core:WithinOneYear 2024-03-31 06234670 frs-core:ShareCapital 2024-03-31 06234670 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 06234670 frs-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 06234670 frs-bus:FilletedAccounts 2023-04-01 2024-03-31 06234670 frs-bus:SmallEntities 2023-04-01 2024-03-31 06234670 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 06234670 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 06234670 frs-bus:OrdinaryShareClass2 2023-04-01 2024-03-31 06234670 frs-bus:OrdinaryShareClass2 2024-03-31 06234670 frs-bus:OrdinaryShareClass3 2023-04-01 2024-03-31 06234670 frs-bus:OrdinaryShareClass3 2024-03-31 06234670 frs-bus:OrdinaryShareClass4 2023-04-01 2024-03-31 06234670 frs-bus:OrdinaryShareClass4 2024-03-31 06234670 frs-core:DeferredTaxation 2023-04-01 2024-03-31 06234670 frs-core:DeferredTaxation 2023-03-31 06234670 frs-core:DeferredTaxation 2024-03-31 06234670 frs-bus:Director1 2023-04-01 2024-03-31 06234670 frs-bus:Director2 2023-04-01 2024-03-31 06234670 frs-bus:Director3 2023-04-01 2024-03-31 06234670 frs-bus:Director4 2023-04-01 2024-03-31 06234670 frs-bus:Director5 2023-04-01 2024-03-31 06234670 frs-countries:EnglandWales 2023-04-01 2024-03-31 06234670 2022-03-31 06234670 2023-03-31 06234670 2022-04-01 2023-03-31 06234670 frs-core:CurrentFinancialInstruments 2023-03-31 06234670 frs-core:Non-currentFinancialInstruments 2023-03-31 06234670 frs-core:BetweenOneFiveYears 2023-03-31 06234670 frs-core:MotorVehicles 2022-04-01 2023-03-31 06234670 frs-core:WithinOneYear 2023-03-31 06234670 frs-core:ShareCapital 2023-03-31 06234670 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31 06234670 frs-bus:OrdinaryShareClass2 2022-04-01 2023-03-31 06234670 frs-bus:OrdinaryShareClass3 2022-04-01 2023-03-31 06234670 frs-bus:OrdinaryShareClass4 2022-04-01 2023-03-31
Registered number: 06234670
Ethi-Call Limited
Financial Statements
For The Year Ended 31 March 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—7
Page 1
Balance Sheet
Registered number: 06234670
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 341,560 362,437
341,560 362,437
CURRENT ASSETS
Debtors 5 338,041 330,429
Cash at bank and in hand 521,004 436,161
859,045 766,590
Creditors: Amounts Falling Due Within One Year 6 (373,548 ) (314,740 )
NET CURRENT ASSETS (LIABILITIES) 485,497 451,850
TOTAL ASSETS LESS CURRENT LIABILITIES 827,057 814,287
Creditors: Amounts Falling Due After More Than One Year 7 (149,444 ) (205,735 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (60,032 ) (25,669 )
NET ASSETS 617,581 582,883
CAPITAL AND RESERVES
Called up share capital 11 92 92
Profit and Loss Account 617,489 582,791
SHAREHOLDERS' FUNDS 617,581 582,883
Page 1
Page 2
For the year ending 31 March 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
Ms Cristy Cunnick
Director
31 October 2024
The notes on pages 3 to 7 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Ethi-Call Limited is a private company, limited by shares, incorporated in England & Wales, registered number 06234670 . The registered office is Suite 4A 4th Floor, Spectrum, Bond Street, Bristol, BS1 3LG.
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. Turnover
Turnover represents the revenue generated from the sale of services. Revenue is measured at the fair value of the consideration received and receivable excluding value added tax.
Revenue from services is recognised when services have been provided and the contractual right to the consideration has been earned. For incomplete contracts an assessment is made of the extent to which revenue has been earned.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at cost less accumulated depreciation and any accumulated impairment losses
Depreciation is provided at following annual rates in order to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Leasehold 10% on cost
Motor Vehicles 20% on cost
Fixtures & Fittings 10% on cost
Computer Equipment 20% on cost
2.4. Leasing and Hire Purchase Contracts
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter with a full charge on the year of acquisition.
The interest element of these obligations is charged to the profit and loss account over the relevant period. The capital element of the future payments is treated as a liability.
Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the period of the lease.
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2.5. Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the profit and loss account, except to the extent that it relates to items recognised in other comprehensive income.
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 that have been enacted or substantively enacted by the balance sheet date.
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.
Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.
Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
2.6. Pensions
The company operates a defined pension contribution scheme. Contributions payable to the company's pension scheme are charged to the profit and loss account in the period to which they relate.
2.7. Research and development
Expenditure on research and development is written off in the year in which it is incurred.
2.8. 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
The average number of employees, including directors, during the year was 29 (2023: 25)
29 25
4. Tangible Assets
Land & Property
Leasehold Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 April 2023 95,607 231,410 102,980 57,364 487,361
Additions - 56,040 10,831 6,178 73,049
Disposals - (55,740 ) - - (55,740 )
As at 31 March 2024 95,607 231,710 113,811 63,542 504,670
...CONTINUED
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Depreciation
As at 1 April 2023 19,333 38,187 28,312 39,092 124,924
Provided during the period 9,561 23,171 10,710 10,282 53,724
Disposals - (15,538 ) - - (15,538 )
As at 31 March 2024 28,894 45,820 39,022 49,374 163,110
Net Book Value
As at 31 March 2024 66,713 185,890 74,789 14,168 341,560
As at 1 April 2023 76,274 193,223 74,668 18,272 362,437
Included above are assets held under finance leases or hire purchase contracts with a net book value as follows:
2024 2023
£ £
Motor Vehicles 185,890 193,223
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 266,148 259,241
Other debtors 71,893 71,188
338,041 330,429
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 29,434 31,972
Trade creditors 123,491 89,904
Bank loans and overdrafts 45,000 45,000
Other creditors 66,643 62,139
Taxation and social security 108,980 85,725
373,548 314,740
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 51,944 63,235
Bank loans 97,500 142,500
149,444 205,735
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8. Secured Creditors
Of the creditors the following amounts are secured.
2024 2023
£ £
Bank loans and overdrafts 142,500 187,500
9. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year 31,597 35,838
Later than one year and not later than five years 53,380 66,978
84,977 102,816
Less: Finance charges allocated to future periods 3,599 7,609
81,378 95,207
10. Provisions for Liabilities
Deferred Tax Total
£ £
As at 1 April 2023 25,669 25,669
Deferred taxation 34,363 34,363
Balance at 31 March 2024 60,032 60,032
The provision for deferred taxation is made up of accelerated capital allowances.
11. Share Capital
2024 2023
Allotted, called up and fully paid £ £
40 Ordinary A shares of £ 1 each 40 40
40 Ordinary B shares of £ 1 each 40 40
12 Ordinary C shares of £ 1 each 12 12
92 92
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12. Other Commitments
The total of future minimum lease payments under non-cancellable operating leases are as following:
2024 2023
£ £
Not later than one year 79,628 79,628
Later than one year and not later than five years 78,452 158,080
158,080 237,708
13. Related Party Transactions
During the year, total dividends of £89,504 (2023 - £89,502) were paid to the directors.
Mr J Wheatcroft, director and shareholder, is a director and shareholder of Inspired People Ltd. The company traded with Inspired People Ltd during the period generating purchase transactions of £234,698 (2023: £175,630) net of value added tax. All transactions were undertaken on an arm's length basis.
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