Acorah Software Products - Accounts Production 16.0.110 false true 30 June 2023 1 July 2022 false 1 July 2023 30 June 2024 30 June 2024 11170693 Mr P F O'Hanlon Mrs N J O'Hanlon Mr P F O'Hanlon iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 11170693 2023-06-30 11170693 2024-06-30 11170693 2023-07-01 2024-06-30 11170693 frs-core:CurrentFinancialInstruments 2024-06-30 11170693 frs-core:Non-currentFinancialInstruments 2024-06-30 11170693 frs-core:ComputerEquipment 2023-07-01 2024-06-30 11170693 frs-core:FurnitureFittings 2023-07-01 2024-06-30 11170693 frs-core:PlantMachinery 2024-06-30 11170693 frs-core:PlantMachinery 2023-07-01 2024-06-30 11170693 frs-core:PlantMachinery 2023-06-30 11170693 frs-core:ShareCapital 2024-06-30 11170693 frs-core:RetainedEarningsAccumulatedLosses 2024-06-30 11170693 frs-bus:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 11170693 frs-bus:FilletedAccounts 2023-07-01 2024-06-30 11170693 frs-bus:SmallEntities 2023-07-01 2024-06-30 11170693 frs-bus:AuditExempt-NoAccountantsReport 2023-07-01 2024-06-30 11170693 frs-bus:SmallCompaniesRegimeForAccounts 2023-07-01 2024-06-30 11170693 frs-bus:Director1 2023-07-01 2024-06-30 11170693 frs-bus:Director2 2023-07-01 2024-06-30 11170693 frs-bus:CompanySecretary1 2023-07-01 2024-06-30 11170693 frs-countries:EnglandWales 2023-07-01 2024-06-30 11170693 2022-06-30 11170693 2023-06-30 11170693 2022-07-01 2023-06-30 11170693 frs-core:CurrentFinancialInstruments 2023-06-30 11170693 frs-core:Non-currentFinancialInstruments 2023-06-30 11170693 frs-core:ShareCapital 2023-06-30 11170693 frs-core:RetainedEarningsAccumulatedLosses 2023-06-30
Registered number: 11170693
Emanto Ltd
Unaudited Financial Statements
For The Year Ended 30 June 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 11170693
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 5,785 7,267
Investment Properties 5 330,000 320,000
335,785 327,267
CURRENT ASSETS
Debtors 6 12,658 37,859
Cash at bank and in hand 18,885 12,894
31,543 50,753
Creditors: Amounts Falling Due Within One Year 7 (106,350 ) (104,300 )
NET CURRENT ASSETS (LIABILITIES) (74,807 ) (53,547 )
TOTAL ASSETS LESS CURRENT LIABILITIES 260,978 273,720
Creditors: Amounts Falling Due After More Than One Year 8 (174,550 ) (174,550 )
PROVISIONS FOR LIABILITIES
Deferred Taxation 9 (1,099 ) (1,286 )
NET ASSETS 85,329 97,884
CAPITAL AND RESERVES
Called up share capital 10 200 200
Profit and Loss Account 85,129 97,684
SHAREHOLDERS' FUNDS 85,329 97,884
Page 1
Page 2
For the year ending 30 June 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 P F O'Hanlon
Director
19/11/2024
The notes on pages 3 to 5 form part of these financial statements.
Page 2
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Notes to the Financial Statements
1. General Information
Emanto Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 11170693 . The registered office is 5 Downland Place, Hedge End, Southampton, Hampshire, SO30 0PR.
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 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:
Plant & Machinery 15 years straight line
Fixtures & Fittings 3 years straight line
Computer Equipment 3 years straight line
2.4. Investment Properties
All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account. 
2.5. 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.
2.6. 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.
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2.7. 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.
2.8. 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.
2.9. Borrowings
Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the Profit and Loss Account over the period of the relevant borrowing.
Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 2)
2 2
4. Tangible Assets
Plant & Machinery etc.
£
Cost or Valuation
As at 1 July 2023 11,430
Additions 250
As at 30 June 2024 11,680
Depreciation
As at 1 July 2023 4,163
Provided during the period 1,732
As at 30 June 2024 5,895
Net Book Value
As at 30 June 2024 5,785
As at 1 July 2023 7,267
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5. Investment Property
2024
£
Fair Value
As at 1 July 2023 320,000
Revaluations 10,000
As at 30 June 2024 330,000
The freehold investment property was valued on an open market basis on 30 June 2024  by the directors. The directors believe the value to be £330,000 at the current period end. If the investment property was stated on an historical cost basis rather than a fair value basis, the amounts would have been £264,000. There has been no valuation of investment property by an independent valuer.
The cumulative cost of the capitalised fees and stamp duty is £11,120.
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors - 27,270
Other debtors 12,658 10,589
12,658 37,859
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 1 1
Other creditors 99,267 95,619
Taxation and social security 7,082 8,680
106,350 104,300
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 174,550 174,550
9. Deferred Taxation
The provision for deferred tax is made up as follows:
2024 2023
£ £
Other timing differences 1,099 1,286
10. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 200 200
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.
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