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 10085561 Mr Mark Guterman iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 10085561 2023-03-31 10085561 2024-03-31 10085561 2023-04-01 2024-03-31 10085561 frs-core:CurrentFinancialInstruments 2024-03-31 10085561 frs-core:Non-currentFinancialInstruments 2024-03-31 10085561 frs-core:ShareCapital 2024-03-31 10085561 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 10085561 frs-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 10085561 frs-bus:FilletedAccounts 2023-04-01 2024-03-31 10085561 frs-bus:SmallEntities 2023-04-01 2024-03-31 10085561 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 10085561 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 10085561 frs-bus:Director1 2023-04-01 2024-03-31 10085561 frs-countries:EnglandWales 2023-04-01 2024-03-31 10085561 2022-03-31 10085561 2023-03-31 10085561 2022-04-01 2023-03-31 10085561 frs-core:CurrentFinancialInstruments 2023-03-31 10085561 frs-core:Non-currentFinancialInstruments 2023-03-31 10085561 frs-core:ShareCapital 2023-03-31 10085561 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31
Registered number: 10085561
Ensco 1174 Limited
Unaudited Financial Statements
For The Year Ended 31 March 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 10085561
2024 2023
Notes £ £ £ £
CURRENT ASSETS
Stocks 4 3,744,244 3,698,106
Debtors 5 653,924 375,010
Cash at bank and in hand - 44
4,398,168 4,073,160
Creditors: Amounts Falling Due Within One Year 6 (1,594,644 ) (863,002 )
NET CURRENT ASSETS (LIABILITIES) 2,803,524 3,210,158
TOTAL ASSETS LESS CURRENT LIABILITIES 2,803,524 3,210,158
Creditors: Amounts Falling Due After More Than One Year 7 (5,565,726 ) (4,801,138 )
NET LIABILITIES (2,762,202 ) (1,590,980 )
CAPITAL AND RESERVES
Called up share capital 8 100 100
Profit and Loss Account (2,762,302 ) (1,591,080 )
SHAREHOLDERS' FUNDS (2,762,202) (1,590,980)
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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 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 Mark Guterman
Director
28/10/2024
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
Ensco 1174 Limited is a private company, limited by shares, incorporated in England & Wales, registered number 10085561 . The registered office is 3rd Floor, The Pinnacle, 73 King Street, Manchester, M2 4NG.
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. 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.
2.3. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2023: NIL)
1 -
4. Stocks
2024 2023
£ £
Work in progress 3,744,244 3,698,106
5. Debtors
2024 2023
£ £
Due within one year
Amounts owed by group undertakings 41 41
Other debtors 653,883 374,969
653,924 375,010
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6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 40,936 9,394
Bank loans and overdrafts 95 7,080
Other creditors 1,553,613 846,528
1,594,644 863,002
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 36,961 35,295
Other creditors 5,528,765 4,765,843
5,565,726 4,801,138
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
9. Related Party Transactions
Ensco 1162 Limited:
The company is related to Ensco 1162 Limited by virture of common director. During the year, the net transfers made between the two companies were £240,018 recieved from Ensco 1162 Limited (2023: £3,550)  The amount owed to Ensco 1162 Limited at the balance sheet date was £811,138 (2023: £571,120).
Stanthorne Limited:
The company is related to Stanthorne Limited by virture of common director. During the year, the net transfers made between the two companies were £300,067 recieved from Stanthorne Limited (2023: £71,678). The amount owed to Stanthorne Limited at the balance sheet date was £575,475 (2023: £275,408).
Stanthorne (Tarporely) Limited:
The company is related to Stanthorne (Tarporely) Limited by virture of common director. During the year, the net transfers made between the two companies were £nil recieved from Stanthorne (Tarporely) Limited (2023: £nil). The amount owed from Stanthorne (Tarporely) Limited at the balance sheet date was £41 (2023: £41).
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