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 08862164 W M Sanders A C Everson B J Fryer iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 08862164 2023-03-31 08862164 2024-03-31 08862164 2023-04-01 2024-03-31 08862164 frs-core:CurrentFinancialInstruments 2024-03-31 08862164 frs-core:Non-currentFinancialInstruments 2024-03-31 08862164 frs-core:BetweenOneFiveYears 2024-03-31 08862164 frs-core:ComputerEquipment 2024-03-31 08862164 frs-core:ComputerEquipment 2023-04-01 2024-03-31 08862164 frs-core:ComputerEquipment 2023-03-31 08862164 frs-core:FurnitureFittings 2024-03-31 08862164 frs-core:FurnitureFittings 2023-04-01 2024-03-31 08862164 frs-core:FurnitureFittings 2023-03-31 08862164 frs-core:MotorVehicles 2024-03-31 08862164 frs-core:MotorVehicles 2023-04-01 2024-03-31 08862164 frs-core:MotorVehicles 2023-03-31 08862164 frs-core:PlantMachinery 2024-03-31 08862164 frs-core:PlantMachinery 2023-04-01 2024-03-31 08862164 frs-core:PlantMachinery 2023-03-31 08862164 frs-core:WithinOneYear 2024-03-31 08862164 frs-core:ShareCapital 2024-03-31 08862164 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 08862164 frs-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 08862164 frs-bus:FilletedAccounts 2023-04-01 2024-03-31 08862164 frs-bus:SmallEntities 2023-04-01 2024-03-31 08862164 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 08862164 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 08862164 frs-bus:Director1 2023-04-01 2024-03-31 08862164 frs-bus:Director2 2023-04-01 2024-03-31 08862164 frs-bus:Director3 2023-04-01 2024-03-31 08862164 frs-countries:EnglandWales 2023-04-01 2024-03-31 08862164 2022-03-31 08862164 2023-03-31 08862164 2022-04-01 2023-03-31 08862164 frs-core:CurrentFinancialInstruments 2023-03-31 08862164 frs-core:Non-currentFinancialInstruments 2023-03-31 08862164 frs-core:BetweenOneFiveYears 2023-03-31 08862164 frs-core:WithinOneYear 2023-03-31 08862164 frs-core:ShareCapital 2023-03-31 08862164 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31
Registered number: 08862164
Eco Contractors Europe Ltd
Unaudited Financial Statements
For The Year Ended 31 March 2024
Contents
Page
Statement of Financial Position 1—2
Notes to the Financial Statements 3—5
Page 1
Statement of Financial Position
Registered number: 08862164
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 65,697 85,756
65,697 85,756
CURRENT ASSETS
Debtors 5 170,640 102,658
Cash at bank and in hand 33,549 29,561
204,189 132,219
Creditors: Amounts Falling Due Within One Year 6 (174,213 ) (125,674 )
NET CURRENT ASSETS (LIABILITIES) 29,976 6,545
TOTAL ASSETS LESS CURRENT LIABILITIES 95,673 92,301
Creditors: Amounts Falling Due After More Than One Year 7 (26,662 ) (36,932 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (6,243 ) (8,366 )
NET ASSETS 62,768 47,003
CAPITAL AND RESERVES
Called up share capital 9 23 20
Income Statement 62,745 46,983
SHAREHOLDERS' FUNDS 62,768 47,003
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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 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 Income Statement.
On behalf of the board
W M Sanders
Director
06/12/2024
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
Eco Contractors Europe Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 08862164 . The registered office is Office 71 Bizapace Courtwick Lane, Littlehampton, West Sussex, BN17 7TL.
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 20% reducing balance
Motor Vehicles 25% reducing balance
Fixtures & Fittings 20% reducing balance
Computer Equipment 20% 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 income statement 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 income statement as incurred.
2.5. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
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2.6. 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.
2.7. Government Grant
Government grants are recognised in the income statement 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 income statement. Grants towards general activities of the entity over a specific period are recognised in the income statement 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 income statement over the useful life of the asset concerned.
All grants in the income statement 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: 5 (2023: 5)
5 5
4. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 April 2023 11,088 141,514 1,429 6,455 160,486
Additions - - 164 681 845
As at 31 March 2024 11,088 141,514 1,593 7,136 161,331
Depreciation
As at 1 April 2023 3,587 67,607 698 2,838 74,730
Provided during the period 1,500 18,477 157 770 20,904
As at 31 March 2024 5,087 86,084 855 3,608 95,634
Net Book Value
As at 31 March 2024 6,001 55,430 738 3,528 65,697
As at 1 April 2023 7,501 73,907 731 3,617 85,756
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5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 143,230 82,358
Prepayments and accrued income 9,455 9,658
Other debtors 17,955 10,642
170,640 102,658
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 7,493 7,819
Trade creditors 70,968 37,826
Bank loans and overdrafts 2,778 2,778
Corporation tax 29,670 -
Other taxes and social security 7,353 13,259
VAT 13,701 26,434
Other creditors 4,400 9,632
Accruals and deferred income 25,483 26,283
Directors' loan accounts 12,367 1,643
174,213 125,674
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 11,863 19,355
Bank loans 14,799 17,577
26,662 36,932
8. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year 7,493 7,819
Later than one year and not later than five years 11,863 19,355
19,356 27,174
19,356 27,174
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 23 20
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