Acorah Software Products - Accounts Production 16.0.110 false true false 23 February 2023 29 February 2024 29 February 2024 14683508 Mr Adrian Elliott-Date Mr Jeremy Enticknap Mr Luke Gibson iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 14683508 2023-02-22 14683508 2024-02-29 14683508 2023-02-23 2024-02-29 14683508 frs-core:CurrentFinancialInstruments 2024-02-29 14683508 frs-core:Non-currentFinancialInstruments 2024-02-29 14683508 frs-core:BetweenOneFiveYears 2024-02-29 14683508 frs-core:PlantMachinery 2024-02-29 14683508 frs-core:PlantMachinery 2023-02-23 2024-02-29 14683508 frs-core:PlantMachinery 2023-02-22 14683508 frs-core:WithinOneYear 2024-02-29 14683508 frs-core:ShareCapital 2024-02-29 14683508 frs-core:RetainedEarningsAccumulatedLosses 2024-02-29 14683508 frs-bus:PrivateLimitedCompanyLtd 2023-02-23 2024-02-29 14683508 frs-bus:FilletedAccounts 2023-02-23 2024-02-29 14683508 frs-bus:SmallEntities 2023-02-23 2024-02-29 14683508 frs-bus:AuditExempt-NoAccountantsReport 2023-02-23 2024-02-29 14683508 frs-bus:SmallCompaniesRegimeForAccounts 2023-02-23 2024-02-29 14683508 frs-bus:Director1 2023-02-23 2024-02-29 14683508 frs-bus:Director2 2023-02-23 2024-02-29 14683508 frs-bus:Director3 2023-02-23 2024-02-29 14683508 frs-countries:EnglandWales 2023-02-23 2024-02-29
Registered number: 14683508
Eg autos Ltd
Financial Statements
For The Year Ended 29 February 2024
One Plus One Ltd
34/36 Fore Street
Bovey Tracey
Devon
TQ13 9AE
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 14683508
2024
Notes £ £
FIXED ASSETS
Tangible Assets 4 31,626
31,626
CURRENT ASSETS
Stocks 5 1,630
Debtors 6 3,300
Cash at bank and in hand 65,467
70,397
Creditors: Amounts Falling Due Within One Year 7 (64,752 )
NET CURRENT ASSETS (LIABILITIES) 5,645
TOTAL ASSETS LESS CURRENT LIABILITIES 37,271
Creditors: Amounts Falling Due After More Than One Year 8 (28,708 )
NET ASSETS 8,563
CAPITAL AND RESERVES
Called up share capital 10 3
Profit and Loss Account 8,560
SHAREHOLDERS' FUNDS 8,563
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For the year ending 29 February 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 Jeremy Enticknap
Director
31 October 2024
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Eg autos Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 14683508 . The registered office is Unit 6 Torr Qurry Industrial Estate, East Allington, Totnes, Devon , TQ9 7QQ.
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.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
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:
Plant & Machinery 25% reducing balance
2.4. 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.
2.5. 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 3
3
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4. Tangible Assets
Plant & Machinery
£
Cost
As at 23 February 2023 -
Additions 42,168
As at 29 February 2024 42,168
Depreciation
As at 23 February 2023 -
Provided during the period 10,542
As at 29 February 2024 10,542
Net Book Value
As at 29 February 2024 31,626
As at 23 February 2023 -
5. Stocks
2024
£
Stock 1,630
6. Debtors
2024
£
Due within one year
Due after more than one year
Trade debtors 3,300
7. Creditors: Amounts Falling Due Within One Year
2024
£
Net obligations under finance lease and hire purchase contracts 8,434
Trade creditors 9,274
Other loans 29,116
Other creditors 7,200
Taxation and social security 10,728
64,752
8. Creditors: Amounts Falling Due After More Than One Year
2024
£
Net obligations under finance lease and hire purchase contracts 28,708
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9. Obligations Under Finance Leases and Hire Purchase
2024
£
The future minimum finance lease payments are as follows:
Not later than one year 8,434
Later than one year and not later than five years 28,708
37,142
37,142
10. Share Capital
2024
£
Allotted, Called up and fully paid 3
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